SUMMER 2019

2 4 All In The path to a diverse and inclusive Haas

Plus: NATION BUILDING P. 18 MANAGING GEN Z P. 14 2 1 How can my company’s How do a Native actual, day-to-day culture American be assessed? tribe’s PAGE 12 fi nances work? 4 PAGE 18 TEN TAKEAWAYS What your 3 earthquake 5

kit can do Am I drugged out without on information? PAGE 45 PAGE 7

6 What’s it like to be a black student at Haas? PAGE 30

7 10 How to “ind top talent Are there for your company big bucks PAGE 54 in carbon- Why your management style may not work for Gen Z 9 removal PAGE 14 What may be solutions? missing from PAGE 48 8 Are parking your job lots the new negotiating investment oracles? strategy PAGE 8 PAGE 11

The Students Always mindset of MATTHEW MASTHEAD WADHWANI, MBA 13, is Ute Frey Nancy Davis Kho; Andrew Contact: SUMMER key to him succeeding Executive Editor Faught; Carol Ghiglieri; [email protected] 2019 as the assistant tribal Bree Jenkins, MBA 19; Brit- Berkeley Haas Magazine, Amy Marcott inancial oficer for tany King; Kate Madden Yee; UC Berkeley Managing Editor the Puyallup Tribe of Sam Zuckerman 2001 Addison St., Ste. 240 Indians. In his role, he EmDash Art Director Berkeley, CA 94704 needs to have exper- Berkeley Haas is published Laura Counts, tise in everything from Staff Writers three times a year by the Haas Kim Girard commercial real estate School of Business, University Cover: to investment strategies Contributing Writers of California, Berkeley. Illustration B to casino technologies. Michael Blanding; Address changes: 1 by Michael Krysten Crawford; [email protected] PHOTO: MICHAEL HANSON; ILLUSTRATIONS: DRUE WAGNER DRUE ILLUSTRATIONS: HANSON; MICHAEL PHOTO: Austin Berkeley HAAS SUMMER 2019 All paper from sustain- Goal #4 able forests and 100% Smaller headline=confidence Champion an without attitude; new mast- recycled and recyclable authentic and head emphasizes cover art, diverse array EDITOR’S LETTER lets it speak for itself of voices Finding the

Haas/Berkeley Essence of Haas connections noted throughout mag; Takeaways high- Or: What happened to my alumni magazine?! light useful info Goal #1 BY AMY MARCOTT Deepen connections Engaging, large among alumni, images showcase Y foster pride Haas happenings worldwide overhaul, and we’re happy to unveil the results. We approached this redesign holistically, rethinking how we present content so you can extract what’s most Goal #2 Be as exciting useful for your careers and lives. We’re also aiming to better showcase the Haas and dynamic as the Haas commu- and Berkeley connections that allow our community to thrive. nity is today View just some of your alumni For example, new elements, like our Takeaways their essence—with infographics, when possible. benefits on one and Connections, off er quick nuggets of practi- With every issue, we’re seeking to curate an fun page cal information and show the Haas community unexpected reading experience, one that speaks Big Question in action. Alumni notes now appear in a section directly to the creative and innovative spirit of our ofers another Goal #3 called Share—so named because every Haasie has community and showcases the unique ways you way to connect Surprise readers a share in the valuable Haas Alumni Network, interact with and improve the world. Our hope with fellow alums with stronger made stronger every time you share your updates is that you will fi nd many elements that resonate visuals, news they and willingness to connect with others. with you or spark conversations and can use We’re bringing you more stories about alumni that the magazine is as vibrant and balancing fun, human-interest pieces with as our Haas community. insights into trending and relevant business We’d love any feedback. Goal #5 topics from Haas experts. We’ve distilled these Drop us a line at Challenge any stories about Haas thought leadership down to [email protected]. preconceived ideas of an alumni QUESTIONING THE ALUMNI MAGAZINE’S STATUS QUO magazine

1977 1982 1983 1992 1994 2011 2012 2019 Decision launches around Starting in 1979, the maga- Now called simply Cal Cal Business goes oversized Issues shrink back to normal The magazine gets a new Cal Business becomes Berkeley Haas (now with a PHOTO: EMDASH 1976. This 1977 cover zine changes its name to CB Business, early issues have starting around 1987 and size. Some of the interior masthead and a refreshed BerkeleyHaas magazine with space in its name to match the story, “The Times They Are Business, which is a lot of a predominant color, mostly adds full color to the cover. photos are in color. Gradu- interior starting in 2005. an overhauled interior. school’s name) sports a lively 2 a-Changing,” features women business. blue, though one is (gasp!) Interior photos stay black ally, all will be. Number of pages for alumni design and thought-provoking 3 in business school. all red. Brie“ly, it even fea- and white. notes more than double. content matching our stature tures pinstripes. as a top business school. Berkeley HAAS SUMMER 2019 NEW FOOD Pop Culture

Alumnus reimagines frozen snacking through healthy, design-driven treats

BY CAROL GHIGLIERI

“I think food and E leaders they aspire to be like. For David Greenfeld, beverage brands, or BS 13, it’s Willy Wonka. Greenfeld is co-founder of Dream Pops, a plant- more importantly, all based ice cream company whose unique, geomet- ric frozen pops look like nothing you’ve eaten brands, are now content before. With the tagline, “Anything is Popsicle,” Dream Pops has already amassed a social media companies. We’re following of customers celebrating clean eating. “Our goal is to be the Willy Wonka of plant- creating 500 to 1,000- based confections,” Greenfeld says. “We plan on replicating the childhood nostalgia associated with plus pieces of original Popsicles and ice cream bars and replacing them with healthier alternatives that are plant-based content a year. I’d and fueled with superfoods.” Indeed, Greenfeld is positioning his ice cream love to double, triple, CONTINUED ON NEXT PAGE> or quadruple that.” PHOTO: COURTESY OF DREAM POPS COURTESY PHOTO: CONNECTIONS “I’m a huge fan of LinkedIn The Takeaway networking,” says Greenfeld. When it comes to branding, 4 “I think it’s a really under- Greenfeld invests heavily in 5 valued resource.” content: stunning photogra- linkedin.com/in/dgreenfeld/ phy, video, and other media. Berkeley HAAS SUMMER 2019 < CONTINUED FROM PREVIOUS PAGE I’d love to double, triple, or quadruple that. A lot COMPENSATION bars to totally transform the frozen treat category— of consumers like to Instagram our product and in design, ingredients, marketing, and delivery. interact with it digitally. So on our sticks, we have Dream Pops are less than 100 calories each R codes and calls to action.” with formulations created by three-star Michelin Last year Dream Pops began selling to custom- Transparency chef Juan Amador. The gluten-, dairy-, and soy- ers directly from their website—one of the fi rst free pops contain coconut milk and ingredients companies to off er ice cream aff ordably online. But like ceremonial matcha, lion’s mane mushroom, grocery stores like Whole Foods, Bristol Farms, Fail #HAASOME baobab, and cacao. They’re sweetened with less and airway Market represent the biggest growth than fi ve grams of coconut sugar. for Dream Pops. Greenfeld expects to be in 1,000 It’s a way to make a mark in an industry that’s stores by year’s end. The company is also fi rst to How companies game the system seen only moderate innovation, the most recent market with vertical freezers off ering single-serve to boost CEO pay being high-protein ice cream, like Halo Top, sweet- ice cream at checkout. ened largely with sugar alcohols that allow for Pop-ups and collaborations with other compa- BY SAM ZUCKERMAN entire-pint indulgence. nies remain a big part of their business, in part “We believe the next wave of ice cream inno- because Dream Pops is a nimble, quick business, A - vation will be snackable, portion-controlled, and despite being a small team of around ten. “We pensation more transparent has instead given plant-based off erings fueled by superfoods and have our own factory, a fl avor house, a food sci- companies a tool to push CEO pay even higher, adaptogens,” Greenfeld says. entist, and an R&D facility that can turn around a says analysis by Haas Asst. Prof. Mathijs De Vaan Design—in particular 3D printing—is Dream new fl avor in three weeks, and a custom product and researchers from Columbia University pub- Pops’ most recognizable innovation. Initially in about fi ve,” Greenfeld says. lished in Management Science. Greenfeld focused on B2B, produc- FACULTY RESEARCH MOVING PICTURE Since 2006, the Securities and Exchange ing customized pops for individual Commission has required public companies to brands, like 2017’s frozen pop for Matthew Wangeman, name a group of peer companies that they use to Beats by Dr. Dre, the maker of high- BS 92, stars in the benchmark their chief executives’ salaries, giving end headphones, for a marketing cam- BRAIN TEASERS short documentary investors and the public a reference point to judge paign at the Coachella music and arts , whether CEO paychecks are within reason. But My Dad Matthew festival. Because the pops are shaped showcasing his How information is like snacks, money, and while benchmarking is a good idea in theory— in molds formed by a 3D printer, unique life with applauded by corporate governance experts—in they’re infi nitely customizable. But drugs—to your brain cerebral palsy. practice companies tend to cherry-pick peers with Greenfeld and his partners soon real- Wangeman teaches highly paid CEOs to legitimize excessive pay. ized that constantly churning out new BY LAURA COUNTS disability studies What’s more, companies are even more likely molds would be cost prohibitive. PHOTO: COURTESY OF DAVID GREENFELD; ILLUSTRATION: DRUE WAGNER at Northern Ari- to skew their peer group when their CEO under- Instead they decided to focus pri- Can’t stop checking your phone, even when you’re not expect- zona University (he performs by failing to meet performance targets, marily on consumers, staying with ing any important messages? Blame your brain. helped the school such as stock market value and profi t. Underper- their original geometric shape—a A new study by Haas Assoc. Prof. Ming Hsu has found that create a minor forming CEOs, researchers found, got especially patented design—and building a brand information acts on the brain’s dopamine-producing reward in the discipline generous pay packages. around that. “That shape is our logo, system in the same way as money or food. 10 years ago) and De Vaan and colleagues analyzed more than our Nike swoosh. We believe it is the “To the brain, information is its own reward, above and aims to change how 3,400 companies that reported compensation peer modern embodiment of ice cream for beyond whether it’s useful,” says Hsu, a neuroeconomist people think about groups to the SEC between 2006 and 2016. While the next generation,” says Greenfeld. whose research employs functional magnetic resonance imag- disability. The the median market capitalization for companies in Dream Pops’ iconic, eye-catching ing, psychological theory, economic modeling, and machine “ilm, narrated by the SP 1500 grew just 22% from 2007 to 2014, design makes them Instagram-ready, learning. “Just as our brains like empty calories from junk his teenage son, has median CEO compensation grew 39%, they found. and that channel has in fact been the food, they can overvalue information that makes us feel good toured festivals for company’s top marketing platform. but may not be useful—what some may call idle curiosity.” two years and won “I think food and beverage brands, Hsu’s research demonstrates that the brain converts infor- THE GOOD NEWS: THE BAD NEWS: numerous awards or more importantly, all brands, are mation into the same common scale as it does for money. It Over time, the average level of bias in CEOs get greater and acclaim. now content companies,” Greenfeld also lays the groundwork for unraveling the neuroscience peer-group benchmarking has diminished, “inancial gains from which may re“lect growing shareholder skewed benchmark- WATCH IT: says. “We’re creating 500 to 1,000- DAVID GREENFELD, BS 13, is positioning Dream Pops to totally transform the behind how we consume information—and perhaps even dig- and regulatory pressure on companies to ing now than they

haas.org/wangeman-movie plus pieces of original content a year. frozen treat category—in design, ingredients, marketing, and delivery. ISTOCK PHOTO: ital addiction. avoid abusing the disclosure process. did in the past. “We were able to demonstrate for the “irst time the exis- tence of a common neural code for information and money, which opens the door to a number of exciting questions about The Takeaway how people consume, and sometimes over-consume, informa- The Takeaway Dream Pops uses affordable tion,” Hsu says. The only way for CEO pay to be truly trans- 6 tech, such as supply chain soft- parent would be if industry watchdogs or 7 ware, to compete with incum- regulators created unbiased peer groups, bents at a tenth the cost. says Haas Asst. Prof. Mathijs De Vaan. Berkeley HAAS SUMMER 2019 INVESTMENT STRATEGIES

#HAASOME

STOCK TRADING FROM SPACE HEDGING FROM SPACE: SUSTAINABLE EDGE

Berkeley Haas Low-orbiting satellites Big data—such as satellite imagery How it ranked take high-resolution of parking lots—ofers investors with deep pockets photos of the earth’s Traders can then identify errors in works surface every day. unprecedented insights. But is it fair? analysts’ earnings predictions and form a trading strategy around earn- ings announcements. The most prof- Hedge funds and other sophisticated traders have been formulating a #1 itable strategy is to short the stocks in the proitable new strategy in recent years—all thanks to satellite images Wall Street of retailers with worse-than-expected ’s analysis of retailers’ parking lots. Journal news for the quarter. of the Top 25 busi- Berkeley Haas Assoc. Prof. Panos Patatoukas obtained 7.6 mil- ness schools with lion satellite images of 86,000 individual stores across the U.S. the most classes in owned by 44 major retailers—including Walmart, Target, and Whole sustainable “inance Foods—to perform the irst independent analysis of the strategy. and investing. Haas He and Assoc. Prof. Zsolt Katona determined that by counting cars Traders calculate a retailer’s was a pioneer in in parking lots and calculating year-over-year changes, traders can parking lot •ill rates for any giving students anticipate a retailer’s earnings news and hedge their stock. It takes given sales quarter and compare hands-on experi- a substantial amount of money and expertise to process, but there’s them to year-over-year averages, ence with the Haas a big payout: careful market timing can earn them up to 5% above a Companies such as RS getting a reliable indication Socially Responsible typical benchmark return. Metrics and Orbital Insight of sales as soon as the quarter Investment Fund, For Patatoukas, who is passionate about democratizing access to buy millions of satellite closes—three weeks before earn- which students have inancial information, the strategy raises concerns about a widening images and isolate tens of ings are publicly announced. managed since 2007. technology-fueled chasm between Wall Street and Main Street inves- thousands of parking lots of This year, with a tors. We asked him how the rise of big data is changing the game even major U.S. retailers. revamped curricu- as investing is more accessible than ever. lum, Haas will offer nine courses in sus- What is “alternative data”? Non-inancial information that’s relevant tainable “inance. for forecasting inancial outcomes and helps investors formulate trading strategies. Usually these are complex, big data sets, such as credit card transactions, website usage, geolocation data, and sat- ellite images.

Sophisticated traders have always sought out any and all information to gain an edge. How is this different? Until recently, skilled traders like hedge funds had access to the same reports, earnings calls, SEC ilings, and other public sources of information as everyone else. Technology is creating new data sources that often require special expertise and funding to access, so the information is out of the reach of regular investors. Using specialized software and Why your concern? Although hedge funds have been gleaning informa- human analysts, they count the tion from satellite data since 2011, it remains an exclusive strategy daily number of cars in each of and the information is not making it to regular investors. Otherwise we the parking lots and sell the data would see price adjustments. We found that individuals are net buyers to hedge funds. of the same retailers that the hedge funds are betting against. In other words, these gains come at the direct expense of Main Street investors.

The Takeaway < More Online In a market setting where the line separating public from material Learn more about this research 8 non-public information (aka insider trading) is getting blurrier, Assoc. at haas.org/space-trading 9 Prof. Patatoukas says, the question that regulators need to answer is: What is their role in leveling the playing “ield for individual investors? Berkeley HAAS SUMMER 2019 COLLABORATIONS #HAASOME Bio Enterprise New dual-degree program aims to prepare superstars in the business of life sciences

BY ANDREW FAUGHT

B - CAL BEST ket will take more than scientifi c genius. Currently, Kevin Chou, the average cost of developing a pharmaceutical is BS 02, was named 2.6 billion. At Berkeley, the new BiologyBusiness UC Berkeley’s dual-major program aims to provide interdisciplin- Alumnus of the ary solutions to 21st-century challenges. Year, an award The program, a joint venture between the recognizing Department of Molecular Cell Biology and Haas, inspirational is providing 30 (eventually 90) undergraduates alumni whose with mentoring and coaching, internship oppor- professional tunities, and an integrated curriculum to develop FACULTY RESEARCH leadership and innovative leadership skills in bio business. It is contributions just the second such program in the country. have bene“ited or twins Gail Maderis, BS 78, and Ann Stock society and who akaria, BA 79 (biochemistry), PhD 86 (compar- MIND THE GAP give back to the ative biochemistry), making generous founding community and gifts to BiologyBusiness goes beyond familial university. Read love for their alma mater. Maderis, president and Want equal pay? Consider team size when negotiating his pro“ile in CEO of San rancisco-based Antiva Biosciences, a BY LAURA COUNTS California mag- venture-backed biopharmaceutical company, and azine: haas.org/ Zakaria, a biochemistry and molecular biology kevin-chou. professor at Rutgers Center for Advanced Biotech- When it comes to pay, women typically did indeed account for a portion of the nology and Medicine, see the necessity in merging earn about 80% of what their male pay gap—beyond other individual job scientifi c inquiry and commercialization. counterparts earn (though that statis- characteristics. “This program will provide Cal students with tic varies by race/ethnicity and how it’s Further research revealed that people the fundamental knowledge to change patient measured). Haas Prof. Laura Kray inves- were inclined to associate stereotypically lives,” says Maderis. “Having a baseline of under- tigates the underpinnings of gender male attributes (e.g., assertive, forceful, standing of business and science creates a much inequality, from implicit bias to lack of demanding) with leaders of larger teams,

more well-rounded employee who can move fl u- ILLUSTRATION: DAN PAGE / THE ISPOT transparency to in“lexible mindsets, and and stereotypically feminine attributes idly between the disciplines.” she’s uncovered a new culprit: team size. (e.g., patient, polite, kind) with leaders akaria says the program is crucial for prepar- Kray and Margaret Lee, a postdoctoral of smaller teams. ing students to enter professional life. “While research fellow sponsored by Haas’ Cen- Kray advises job negotiators to scru- the academic labs are a very rich environment for ter for Equity, Gender, and Leadership, tinize not only their salary and bonuses innovation and the generation of ideas, it’s hard analyzed the results of a Haas alumni but also how many direct reports they’ll to bring those things to a marketable point—or survey of 2,000 full-time professionals be managing. even to a point where large pharma would be who graduated between 1994 and 2014. “Don’t overlook team size as a factor interested in them—without biotechnology and Men averaged 10 direct reports while that could make a difference in your pay-

venture enterprise coming in,” she says. JOHN BLAUSTEIN ISTOCK, PHOTOS: women averaged nearly 8. And team size check, especially in the long run,” she says.

CONNECTIONS Sisters Gail Maderis, BS 78, The Takeaway and Ann Stock Zakaria, BA Deep-seated biases about leadership may lead to men being put in 10 79, PhD 86, helped found the charge of larger teams over equally quali“ied women—and being 11 Biology+Business Program paid more because of it. When entering a job negotiation, make with other Berkeley alumni. sure you have the head count to justify what you’re asking for. Berkeley HAAS SUMMER 2019 THOUGHT LEADERSHIP #HAASOME Unraveling the Mystery of Culture

#HAASOME Profs. Jennifer Chatman and Sameer Srivastava usher in a new era of organi- zational culture research with cutting-edge data sources and methodologies PIANO FORTE BY KRYSTEN CRAWFORD Sebastian Amena- bar, MBA 16, an Y executive at Chilean values. Maybe they’re painted on the office walls. But what’s the real, day-to- retail chain Fala- bella, won the 29th day culture like? If you’re like a lot of managers, the answer has often been, “I International Piano know it when I see it.” Competition for Outstanding Ama- teurs, considered Not anymore. The same digital services that the forefront of this new wave: This year, they one of the top global have upended how workers communicate—think co-founded the Berkeley Haas Culture Initiative to competitions for G Suite, Slack, and Zoom—are also helping to help make Berkeley a hub for advancing the field. amateur pianists, unravel one of the great mysteries of the work- Chatman, the co-creator of the Organizational in Paris. His prize BIG LEAGUES place: culture. And they’re ushering in a new wave Cultural Profile (OCP)—a survey tool that’s been is to perform at the of research based on how employees act that until a dominant measure of organizational culture for Going pro has been a Sorbonne’s Grand now has been elusive. more than 30 years—wants to ensure that the new good move for golfer Amphitheater in “Any time employees interact with each other, approaches are not only methodologically rigorous Collin Morikawa, nizational culture and performance in analyses hundreds of thousands of company reviews on Paris on Nov. 22. they are leaving digital traces and creating sources but also useful to managers. BS 19. He’s had of millions of emails, thousands of anonymous the job site Glassdoor: Chatman has just pub- How did he win? of data that weren’t available before,” says Sameer For too long, she says, culture research “irst-, second-, and reviews, or other data on large swaths of employ- lished a study showing that employees perceive “I think question- Srivastava, a Haas associate professor of organiza- amounted to little more than “advanced gossip- fourth-place “in- ees rather than a few stories about what did or did a more negative culture in fixed-mindset rather ing the status quo to tional behavior. “This not only helps us to better ing,” with scholars visiting companies and writing ishes in PGA Tour not work in one specific organization or another,” than growth-mindset companies, while Srivastava think that winning understand how employees behave but to do so reports based on observations. events since debut- says Chatman. found that the most highly valued and innovative a piano competi- in ways that are dynamic.” “Managers, too, eventually realized that they ing in June, winning In fact, a dataset of over 5 million emails from a firms were those whose employees embraced a tion in France was Srivastava and Prof. Jennifer Chatman are at would rather learn about the links between orga- the Barracuda Cham- technology company has been fodder for a series of variety of cultural values. doable and a little pionship in Reno. studies by Srivastava and Amir Goldberg of Stan- Researchers say this new era of culture research bit of con“idence to His overall winnings ford, who jointly co-direct the Computational Cul- extends far beyond text analyses. With the right actually go (without stand at more than ture Lab. In one paper, Srivastava and collaborators privacy and confidentiality protocols in place, the attitude, of course).” $1.7 million—not CULTURAL CONTINUITY found that the extent to which workers’ language tone of voice and even facial expressions people including endorse- matched their peers’ communication styles pre- use when communicating might become common By the time former Dean Rich Lyons wrapped up his term last year, the culture initiative

ment deals with Adi- PHOTO:©USGA/JD CUBAN dicted performance and retention. A more recent sources for understanding subtle, real-time shifts he catalyzed had put Haas well on its way to being the most distinguished-by-culture das and TaylorMade. paper by Chatman, Srivastava, Goldberg, and PhD in culture—enabling managers to better manage business school. But what could the school do to ensure the culture stayed strong under student Richard Lu demonstrates the power of com- culture as a strategic asset. a new dean? bining culture measures based on surveys with nat- “By combining new digital tools with estab- What followed was a highly intentional effort that led to some very visible reminders, ural language analysis through machine learning to lished survey-based approaches, we can get a more from carving the De“ining Leadership Principles into the front entrance of the school to predict culture fit and key performance outcomes. nuanced view of culture than ever before,” Chat- embedding the DLPs even more deeply, by incorporating them into teaching evaluations,

ILLUSTRATION: TRACI DABERKO / THE ISPOT. PHOTO: PIANO AMATEURS AMATEURS PIANO PHOTO: / THE ISPOT. DABERKO TRACI ILLUSTRATION: Both Srivastava and Chatman have analyzed man says. faculty onboarding, and recruiter orientations. Lyons and Prof. Jennifer Chatman recently detailed these efforts in a follow-up to their 2017 case study: “The Berkeley Haas School of Business: Codifying, Embedding, and Sustaining Culture (B).” The case not only catalogues key efforts to take the school’s < More Online culture to the next level but also offers a discussion guide and idea generator for other Read the case study “The Berkeley Haas School of 12 organizations looking to do the same. Business: Codifying, Embedding, and Sustaining 13 Culture” parts A and B at haas.org/culture-cases.

Berkeley HAAS SUMMER 2019 GENERATION AGE IN 2019 Generation Z: ages 22 and under Millennials: ages 23–38 Generation X: ages 39–54 Baby Boomers: ages 55–73 Silent Generation: ages 74–91 MANAGING

Overprotected

Overconnected (yet isolated)

WHO ARE GEN Z? Achievement oriented

Highly educated A new generation of Ethnically and racially diverse employees just entered the post-college workforce. Are you ready for them? Depressed, anxious & overwhelmed BY MICHAEL BLANDING

Lacking in work experience

Involved with social justice movements

14 15

Berkeley HAAS SUMMER 2019

PHOTO: ISTOCK Onboarding—It’s On You Train Gen Z right and you’ll have hard-working, committed employees who stick around, says ity and control over their work environment, and Haas Senior Lecturer and an educational system that champions checklists and that they’ll get along with bosses and co-workers. When those hopes don’t pan out, friction ensues. Holly Schroth. Don’t and Traits rubrics. But Generation Z is largely unprepared to be workers, One of Schroth’s former students, for example, you’ll suffer the dreaded new research shows, just as managers are largely unprepared reported he was struggling in his job at a high-tech company after only three months. “He was upset employee turnover. The Shared with to position them for success. But fear not. Gen Zers may not because the manager wouldn’t implement his key is to be straightfor- resemble older employees, but they can thrive in your orga- ideas on how to run the software better,” she says. “He asked if he should go around her.” Schroth’s ward and unambiguous. Millennials nization—if you know how to develop their potential. advice was to focus on becoming a reliable per- former so that his boss might see his potential for Unrealistic. Provide a checklist of job tasks Born starting in 1997, Generation Z or The impetus for Schroth’s research was a contributions in the future, but she fears he will expectations Ÿ but train Gen Z employees to “post-Millennials” have never known a world change she noticed in undergraduate students go around her anyway. think beyond the checklist. without 9/11 or the Internet. They’ve grown up three years ago. While they were driven and eager Removing any ambiguity about a job—during Low tolerance for. Gen Z cradled in an educational culture of both relentless to do well, they seemed to struggle without a clear the interview and onboarding processes and via ambiguity Offer explicit descriptions of standardized testing and everyone-gets-a-trophy checklist of goals and rationale for why a partic- one-on-one coaching—can help mitigate the impa- Ÿ company culture. Workplace exceptionalism. They are the stars of their own ular task would help them succeed. “They didn’t tience Gen Z often feels and reinforce company Want checklists. stories on Instagram and Snapchat. And they have seem to be there to learn so much as to get good hierarchy. Be upfront with them, Schroth says, (what to do/not do) Discuss reciprocal expecta- come of age in a period of deep economic anxiety. grades,” she says. “They were not going to be com- about their essential job responsibilities, the pos- Ÿ tions about the employment Traits The good news is that those influences have pelled to do an assignment unless they thought it itive and negative aspects of the job, opportuni- Seek mentoring/. relationship between manager translated into the strongest work ethic of any was important for them in getting ahead.” ties for growth, company culture, and interactions guidance and employee. Achievement oriented. generation since the silent generation (born 1928 Though confident and savvy, Gen Z lacks with senior executives. to 1945). They are also more highly educated and hands-on experience. The combination of higher Ensuring they are properly trained is also key. Want to make a. Facilitate communication with Cautious. more racially and ethnically diverse than any gen- family income (according to some measures of Gen Z is more anxiety prone than other genera- difference Ÿ key people integral to their eration before them, according to Pew Research economic well-being), pressure to get into college, tions, with 73% saying they lack the emotional Prefer to work alone. success. Center analysis of Census Bureau data. All of the and a dearth of entry-level jobs following the Great support they need and 85% saying stress keeps Con˜lict avoidant. attention they’ve gotten from social media and Recession means that few post-Millennials have them from taking on leadership roles. “They feel (in person) Willing to learn. Reinforce a sense of pur- helicopter and snowplow parents have made them worked as teenagers. In 2018, just 19% of Gen Z all of this pressure to achieve, but they don’t Ÿ pose—signiicance of new role, acutely aware of their own identity and confident teens reported having held a job versus 30% of have the skills they need to do it, especially when Lack of respect for. Fearful and anxious. stories of persistence, and in their ability to make a difference. Millennials in 2002, according to the U.S. Bureau they’re left on their own,” Schroth says. hierarchies learning from mistakes. Lack creativity. Haas Senior Lecturer Holly Schroth has stud- of Labor Statistics. Gen Z has grown up hyper-aware of diversity ied this new generation through the lens of social That means that for most Gen ers, their first in race, gender, and sexuality—91% believe every- Sensitive to con- Provide feedback channels in Value diversity. psychology and has weeded through the unreli- job out of college is likely their first job, period. one is equal and should be treated that way—so structive criticism Ÿ both directions. able and often regurgitated “facts” about Gen Z “They have completely unrealistic expectations traditional anti-bias training may be lost on them. Critical of peers. to find peer-reviewed, valid statistics. “They are for what it will be like in the workplace,” Schroth Instead, Schroth recommends training in team- Need explanations. Ÿ Foster autonomy. Need help evaluating. really achievement-oriented. They want to work says. In surveys, Gen Zers say they expect their work skills, negotiation, and problem-solving, so hard,” she says. work to be meaningful, that they’ll have flexibil- everyone feels included. Deem cheating. information. Model what good processes Despite the challenges in preparing Gen Z to acceptable Ÿ look like. Prefer online. be productive on the job, Schroth also sees a tre- mendous opportunity as this generation enters the instruction. Why the con˜lict between Gen Z and managers? Expectations. Give them the tools and workforce. Their work ethic and will to succeed Ÿ resources to succeed. TRADITIONAL MANAGEMENT APPROACH GEN Z EXPECTATIONS can make them a valuable addition to any office, if they can be integrated with the right tools and Act as a coach to provide emo- Authoritative and decisive Democratic with active encouragement. “I am super optimistic about Leadership Ÿ tional support and to set clear involvement of subordinates this generation, because I think we have a really professional goals. good idea of why they are the way they are,” says Structured through a chain Free ˜low of information and Communication Schroth. “If we can just tell them what it takes to of command open lines of communication achieve, they will.” Work Flow Assign tasks and assess Discuss, coach, and provide performance checklists < More Online Assignments Work up hierarchy from lower- Take on interesting assignments Read Holly Schroth’s paper on 16 to higher-level assignments immediately successfully managing Gen Z in the 17 spring issue of California Manage- ment Review: cmr.berkeley.edu. Berkeley HAAS SUMMER 2019 Matthew Wadhwani, MBA 13, is changing the game for the Puyallup Tribe of Indians

B A M C G NATION BUILDING P M H

Whether convincing the Puyallup Tribe to change its investment strategy, adopt a new cannabis pricing model, 18 or pursue funding for a new casino, Matthew19 Wadhwani, a member of the Tribe and its assistant tribal inancial Berkeley HAAS oficer, is conident without attitude,SUMMER earning 2019trust with his meticulous analysis and ability to let data do the talking. Above: Wadhwani at the Tribe’s deep-water port. W M W MBA 13, makes a financial decision at work, it’s not a company’s bot- tom line he’s focused on. It’s the financial security of his wife and new son, his extended family, his community, and future generations. No pressure. Wadhwani is the assistant tribal financial offi- cer for the Puyallup Tribe of Indians in Washing- ton state—one of two people tasked with handling the Tribe’s $600 million budget. The other is his boss, Tribal inancial Officer Julie Hamilton. Both are certified public accoun- tants, but Hamilton has a law degree. inancial analysis and planning, then, falls to Wadhwani with his MBA. “The Tribe has been status quo for a while, so I DO NATIVE get to make changes that are impactful and mean- ingful, like collecting data on our businesses and AMERICANS giving them metrics on what they’re doing,” says 35-year-old Wadhwani, a member of the Tribe. But PAY TAXES? the responsibility is great. “I don’t have anyone While tribes are sovereign to really check my work. If I’m going to make a entities—essentially inde- recommendation that will impact a lot of people, pendent nations—and don’t pay federal taxes, tribal you want someone to play devil’s advocate.” members must pay taxes on With a reservation straddling the cities of Tacoma Good thing Wadhwani is a whiz at letting important class I took at Berkeley,” he says. “The new Vegas-style casino the Tribe is constructing. A rare view of the typically any income they don’t derive and ife, Washington, the Puyallup Tribe is a sover- numbers tell stories. He engenders trust with his Tribal Council loves me half the time, and I think Tribal Chairman David Bean says Wadhwani private Council Chambers, from government bene“its eign nation, meaning it functions differently from meticulous analysis and his ability to let data do they hate me half the time. But at the end of the day allayed their fears about the debt. “It’s a large where the seven-person Tribal Council, led by Tribal (such as general welfare most municipalities. While towns and cities rely the talking. I have their respect. You get that by backing up every number; it’s scary,” says Bean. “But it was easy payments or income gen- Chairman David Bean (left) erated from treaty rights on taxes for income, the Tribe generates its money Wadhwani’s recommendations are taken up by recommendation you make with concrete data.” to engage in that one when Matt runs through meets to set policy. Wadhwani like “ishing). So a monthly internally, primarily through gaming but also a seven-person Tribal Council that sets policy for The Tribe has numerous business interests, all the projections for how developing a new casino (right) frequently appears disbursement given to a through federal grants and now cannabis stores. It is the Tribe, sometimes putting proposals to a vote of which Wadhwani needs to understand. What he will impact our income-generation capabilities.” in front of the Council to tribal member derived from a self-sustaining government and adheres to federal by the Tribe’s 5,500 members. The tribal govern- lacks in expertise, he makes up for in self-education. The new casino is slated to open in December. offer “inancial recommenda- gaming, say, is federally tions, which the Council can taxable. Tribal employees law but also provides all the services of a govern- ment can decide to take Wadhwani’s recommen- “I know what I know, and I know what I don’t Wadhwani is a member of the executive team choose to accept or not. “I must also pay all standard ment, including a tribal police department, school, dations or not. But he’s not afraid to tell them—or know,” Wadhwani says. He’s become the resident overseeing the construction. may be educated and know the payroll taxes. and health authority. There’s also a casino (with a any of the Tribe’s members—hard truths. Hamil- expert on just about everything. Should the Tribe Building the new casino was a huge decision for “inance,” Wadhwani says, “but second one opening soon), a cancer-treatment cen- ton says it’s not uncommon for Wadhwani to say partner with the state of Washington, for exam- the Tribe, whose fortunes have ebbed and flowed they know the culture, they know the history, they know ter, a deep-water port, fish hatcheries, and more. unpopular things in tribal meetings. “But he’ll be ple, to study medical marijuana as a treatment for over the past 30 years. Growing up 15 minutes the people better than I do, A typical workload for Wadhwani might have very factual and very respectful about it and say opioid addiction? (Probably not, says Wadhwani.) from the reservation, Wadhwani remembers the and I respect and honor that.” him reworking cannabis pricing (see sidebar, p. something that needs to be said,” she says. “It’s a How can the new casino best implement sports Tribe being financially strapped then seeing the 23), managing the new casino’s construction and breath of fresh air to have that.” betting? (Ask Matt!) windfall—and challenges—that gaming brought loan compliance, overseeing a new player-tracking As the Tribe’s main source of revenue, casi- when introduced in the 1990s. system in the current casino, helping the school Banking on Data nos are something Wadhwani has studied closely. The tribal government overspent and failed to 20 find funding for repairs, and convincing the Tribe For Wadhwani’s part, he sticks to the numbers. He had to become an expert in order to secure create a long-term investment plan; numerous 21 to change an investment strategy. “Power and Politics in Organizations is the most a 450 million loan with favorable terms for the outside consultants took advantage of them. Berkeley HAAS SUMMER 2019 THE PRICE IS RIGHT The Puyallup Tribe recently opened two cannabis stores, but in Washington’s saturated market, they were having trouble covering payroll costs. The stores needed a solution. Fast. So they turned to Wadhwani. He crafted a new pricing strategy using supply and demand lessons gleaned from Teck Ho’s pricing class at Haas. Washington state law says that cannabis stores can’t charge less than cost plus tax, which is 45%. Most cannabis stores pay that tax directly to the state. Wadhwani’s tribe has to charge the same tax, but all that revenue goes directly to the Tribe. “I thought, ‘why don’t we just out-price everybody?’” Wadhwani says. “The store makes zero money, but we’ll get some $10 million a year in taxes back to the Tribe.” That didn’t please competitors, who tried forming a conglom- “The Tribe erate to encourage suppliers to boycott the Tribe based on their pricing cannabis at cost. Wadhwani understands their frustra- has been tion, and it’s one of the balancing acts the Tribe constantly nego- tiates: being a good neighbor to the surrounding towns while also status quo beneiting from their sovereign-nation status. “But at the end of the day, our market share is getting so big that the suppliers for a while, can’t turn us down,” Wadhwani says. so I get and family; others get caught up in drugs. “I always Wadhwani and Chairman Bean to make use the analogy of sports stars coming into a lot in one of the Tribe’s canna- bis stores. Wadhwani (left) of money and not knowing how to manage their advised Marquise Henry changes that funds,” Wadhwani says. “We’ve seen teenagers and (right) on his education and 18-year-olds not incentivized to go to school.” on his inancial options for are impact- Wadhwani himself never earned such a check his trust check, then hired him as a manager in the since the Tribe didn’t own a casino when he turned ful and store. Wadhwani frequently 18. Wadhwani, though, never gives up. He meets meets with tribal youth to with teens about to receive their money to fully encourage iscal responsibil- meaningful.” explain their financial options. He’ll even drive ity and a path to college. them to a bank or investment firm, if they’d like, The Path Home to broaden his perspective. Says Wadhwani: “The “Matt doesn’t talk about the things that he and walk them through a financial strategy. Such instability is perhaps one reason why Tribe doesn’t have the luxury of training members, might be able to do. He actually does it, and that To encourage more financial responsibility, Wadhwani’s career goal was always to work for so it’s important for people to go outside and get speaks for itself,” says Wright, the CEO of the Wadhwani is working to create a trust with new his Tribe, a job members liken to working for a that expertise.” Wadhwani earned his Haas degree tribally chartered entity Marine View Ventures, terms, spreading out payments from ages 18 family business. But to get there, he took a cir- then worked at Mattel for two years before coming which oversees real estate holdings, a marina, to 25 and requiring a high school education or cuitous path. He earned his bachelor’s in busi- home in 2015 to his current job with the Tribe. and other enterprises. “He’s figured out a way equivalent. He also received Council approval to ness economics from UC Santa Barbara in 2006 Wright says Wadhwani is a good role model to move things forward, whether it’s a banking invest with Goldman Sachs versus U.S. treasuries, then worked as a senior auditor at Deloitte in Los for the community. “There’s sometimes a sense of relationship or investments at the tribal level, to a move that could eventually double the payout. Angeles for two-and-a-half years before becoming entitlement that comes with being a family busi- get beyond the stalemates within Tribal Council. Wadhwani isn’t sure that’s a good thing, giving the Tribe’s senior financial analyst. ness,” Wright says. “Matt has shown commitment These are not small tasks, some of them are multi- youths more money, but he’s always mindful that During that first two-year stint with the Tribe, and earned his role, which is going to help elevate year projects. And we all share in the results.” the financial decisions he recommends impact the Wadhwani helped create a 10-year strategic plan the expectations of others.” Tribe’s future. And helping secure the Puyallups’ to address the Tribe’s multimillion dollar finan- Chairman Bean lauds Wadhwani’s outside Mentoring Others longevity is a joy for Wadhwani. “One of the great cial deficit and suggested ways to improve fis- experience. “Berkeley helped Matt elevate his College is a path Wadhwani hopes more members things about working for the Tribe,” he says, “is you cal responsibility. He also partnered with Junior game, and he looks at the world much differently of the Tribe will follow, and he speaks often to get to see tangible benefits going to the people.” Achievement to establish a financial education than the rest of us,” Bean says. “He sees things teens to mentor and encourage them. The irony Chairman Bean says Wadhwani’s work is cru- program for tribal youth. It has since spawned an that we don’t see.” of all his hard work ensuring the Tribe’s financial cial. “Matt is changing lives and saving lives,” he annual two-week summer camp for some 30 kids, Upon his return to the Tribe, for example, stability, however, is that it’s also dissuading the says. “He has mentored many young business ages 14 to 18, to learn the basics of finance and Wadhwani encouraged changes to the Puyallup young adults from pursuing higher education. owners in our community and takes the time to the importance of college. Wadhwani speaks at the retirement plan that would yield greater returns. Every tribal member earns monthly disburse- talk with our children about education, about camp every summer. Changing the investment strategy of a sovereign ment payments. For minors, that money goes into assessing their resources—he’s inspired the next Wadhwani’s mentor, Chad Wright, one of the nation is no small task, but Wadhwani’s per- a trust, which they receive at age 18. Unfortunately, generation of leaders. We hold him in high regard, only other tribal members with an MBA (from sistence propelled him forward and helped him not all the young adults know the best way to handle and we have a tremendous amount of confidence 22 Stanford) encouraged Wadhwani to attend grad- get buy-in. It’s a determination he brings to all of such a sizable payment. Some spend it quickly, give that he will not let us down in any way. He’s 23 uate school—and to work in corporate America— his work, Wright says. it away, or are taken advantage of by close friends changed the game for the Puyallup Tribe.” Berkeley HAAS SUMMER 2019 “Seeing more URMs within the class made me feel more comfortable and at home.”

GEO GUILLEN, MBA 21

“Haas is doing a “We all benefit from good job educating increased diversity.” the students who are here about ÉLIDA BAUTISTA, DIRECTOR OF INCLUSION the importance of AND DIVERSITY diversity, equity, and inclusion.”

NICOLE AUSTIN-THOMAS, ALL IN MBA 21 The path to a diverse and inclusive Haas

BY BRITTANY KING, KIM GIRARD & AMY MARCOTT PHOTOGRAPHED BY GABRIELA HASBUN

In 2017 and 2018, Haas faced a EDITORS’ NOTE significant decline in the number of African American students in its full-time MBA program, which highlighted the low percentage of underrepresented minorities at Haas overall. We look at the reasons behind this decline, our improve- ment in 2019, and our new path to boost enrollment and create an inclusive environment for all students, staff, faculty, and alumni, 24 regardless of race or ethnicity, gender identity or expression, sexual 25 orientation, religion, veteran status, or any number of identities. Berkeley HAAS SUMMER 2019 “My view is that Prop 209 is NICOLE AUSTIN-THOMAS’ FIRST WEEK AT HAAS WAS A WHIRLWIND. a crutch. The school failed to live by two of its Defining She attended a social event with her fellow members of The Con- Principles: questioning the sortium, an organization that provides scholarships to support status quo and going beyond diversity in MBA programs, followed by a week of new-student yourself.” events, including a full day discussing diversity-related topics MONICA STEVENS, MBA 96, FOUNDER, HAAS ALUMNI DIVERSITY COUNCIL at Haas’ orientation. “Haas is doing a good job educating the students who are here about the importance of diversity, equity, “My hope is to move diversity, and inclusion,” says Thomas, who is among 19 African American equity, and inclusion students to join the 2021 class—up threefold from last year. discussions into the core curriculum.”

But as one of only six African American women Committing to DEI JENNIFER R. COHEN, LECTURER in her class—and the only one in her cohort of 70 New Haas Dean Ann Harrison, who arrived in Jan- (there are several African American men)—she uary, has made DEI one of her top priorities. She says she’s hopeful more can be done. “In 2019, met with student leaders, significantly increased I wish it would look different,” she says. scholarship funding for the incoming class, and Austin-Thomas is part of the first full-time completed the hiring of DEI veteran David Porter as MBA class to enter since Haas launched its all- the school’s first chief diversity, equity, and inclu- “Students want school Diversity, Equity, and Inclusion (DEI) sion officer (CDEIO)—reporting directly to her. to know how Action Plan last October aimed at addressing the “Bringing more underrepresented minority stu- low percentage of underrepresented minority dents to Haas and making sure that we create an to consider (African American, Latinx, and Native Ameri- inclusive environment for everyone is critical— diversity when can) students. The Action Plan outlines numer- and the work needed to happen quickly,” says hiring, or how ous measures, from changing admissions proce- Harrison. “It’s gratifying to see that our efforts dures to hiring key DEI staff and embedding a are starting to take shape. And we’ll keep working to manage a commitment to diversity and inclusion in senior until we get it right.” team, or are leadership roles. Haas is not alone in its struggle to enroll a The plan was sparked by students and alumni diverse class of students year to year: It’s a chal- thinking about after the number of African American students in lenge for business schools nationwide. Part of issues of fair incoming classes dropped from 19 to 10 to six over the issue is the low number of URMs taking the financing.” two consecutive years (see chart of enrollment GMAT. Just 8.3% of all U.S.-citizen examinees numbers, p. 30), despite increasing class sizes. are African American, 8.5% are Latinx, and 1.1% DREW JACOBY-SENGHOR, Haas students and alumni took their concerns are Native American, despite representing about ASSISTANT PROFESSOR about the lack of racial diversity and inclusion to 32% of the U.S. population combined—accord- Haas administrators as well as to the influential ing to The Consortium for Graduate Study in MBA blog Poets & Quants and to social media, Management, an organization dedicated to equal demanding change from the administration. representation of URMs in MBA education and Senior Assistant Dean and Chief Strategy and global management. Operating Officer Courtney Chandler, MBA 96, “Business schools, including Haas, have not co-led Haas’ action plan team, a group of eight had enough success in growing the pipeline of staff members who sought recommendations from underrepresented minority applicants,” says Peter numerous stakeholders, most especially students, Johnson, assistant dean of the full-time MBA pro- “Business schools, as the basis for the plan, which aimed to reverse gram and admissions. “We have to look beyond including Haas, have not the trend with short- and long-term solutions. the GMAT to solve this issue.” had enough success in Early signs are hopeful: 14% of this year’s growing the pipeline of incoming full-time MBA class are underrepre- How we got here sented minorities (URMs), compared with just To understand what’s happened at Haas over the URM applicants.” 7% last year. The number of African American years requires a little understanding of history. In students jumped from six to 19; the number of 1996, California voters passed Proposition 209, PETER JOHNSON, ASSISTANT DEAN Latinx students increased from 12 to 21; and the which made it illegal for public institutions to FOR FULL-TIME MBA PROGRAM * Consistent AND ADMISSIONS with UC report- number of Native American students held steady offer admission or financial aid on the basis of ing guidelines at one.* race, ethnicity, or gender. That meant that Haas, as But it took a tumultuous year of soul searching a public school, could no longer offer any scholar- and action to get here, with students and adminis- ships earmarked for URM students, while private trators persisting through some tough issues and schools like Stanford and Harvard could. 26 uncomfortable conversations. And there is still Prop. 209 also led Haas to pull out of The Con- 27 much work to be done. sortium in 2003—which it had joined a decade Berkeley HAAS SUMMER 2019 “If you accept black or earlier—since Haas scholarships given via The people,” Emerson says. And inclusion—feeling brown students from Consortium only benefited URM students. The represented, welcomed, and supported through- THE DEI impact was a sharp decline in minority enrollment. out Haas and the larger Berkeley community—is ACTION PLAN diverse backgrounds Under former Dean Rich Lyons, Haas rejoined just as important. Most near-term and they don’t see an The Consortium in 2010 after the organization Evan Wright, MBA 20, agrees that students action items in environment that feels allowed anyone with a commitment to promoting being able to bring their whole identities into the Haas’ Diversity, diversity and inclusion to apply, regardless of their classroom is crucial for Haas’ DEI efforts to suc- welcoming, they will choose Equity & Inclu- race or ethnicity. The percentage of URM students ceed. “Administrators didn’t understand that if you a lower-ranked school.” sion Action Plan ticked up slowly, reaching 10% by 2016, but fell accept black or brown students from diverse back- (haas.org/dei- the next two years. grounds and they don’t see an environment that EVAN WRIGHT, MBA 20 action-plan) “These students uprooted their lives to come feels welcoming, they will choose a lower-ranked were completed here,” says Marco Lindsey, the former chief of school because you haven’t invested in making by June. View the “We need to talk more about… staff to Lyons, who is moving into a new DEI- sure the campus is comfortable for them,” says progress report: what it looks like to make focused role at Haas. “They trusted us and they Wright, a member of the newly formed Diversity haas.org/dei- feel like they were given the impression that this Admissions Council, a group of students, faculty, experiences more equitable for progress. Here, is a place where diversity and inclusion thrive. staff, and alumni working toward greater admis- all marginalized people.” key highlights. Then, students got here and they were shocked at sions transparency. the demographics.” TAM EMERSON, MBA 19 Chief DEI Of“icer Critics say the school should have done more ‘We all benefit f om increased diversity’ hired to navigate around the state law. “My view is that Creating an inclusive environment is an ongoing Prop. 209 is a crutch and the school failed to live process that involves everyone, not just students Director of by two of its Defining Principles: questioning of color. Élida Bautista, director of inclusion diversity admis- the status quo and going beyond yourself,” says and diversity, was hired in early 2018 in a new “It’s gratifying to see that sions hired Monica Stevens, MBA 96, a senior VP for Wells role aimed at improving DEI at Haas. She works our e‰forts are starting to Fargo Merchant Services who recruited at Haas closely with students and has made inclusion Scholarships take shape. And we’ll keep for many years and who founded the Haas Alumni across Haas a priority. “We need non-URM stu- boosted 63% for Diversity Council in 2012. “The minority appli- dents, staff, and faculty to be invested in diversity working until we get it right.” 2019 incoming cant pool was small because people didn’t feel on all fronts—otherwise we keep burdening our class DEAN ANN HARRISON welcome. It was a failure on many levels, from students of color to do this work,” says Bautista. the top all the way down.” “We all benefit from increased diversity.” Scholarship Senior Assistant Dean Chandler says the lead- Just some of the changes Haas has instituted offers now ership team failed to react quickly or urgently include searching for diverse job candidates more accompany accep- enough to address the drop in African American intentionally, training staff on unconscious bias, tance letters “Being able to lead diverse student enrollment, instead looking at the prob- offering tools to student groups that help them when possible teams is not a skill we are lem through an ‘academic lens.’ “We saw year-to- talk about DEI, providing DEI workshops for born with. It’s something year variation when we should have seen a crisis,” senior leadership, and connecting DEI initiatives Optional socio- she says. “We weren’t pushing enough to see what across degree programs. that all successful leaders economic ques- could change.” Going forward, building relationships with need to learn.” tions added to schools and organizations that can help Haas application give reach its diversity objectives is critical, says DAVID PORTER, CHIEF DIVERSITY, Mobilization of magnitude a fuller picture What followed the 2018 outcry was an all-hands- Porter, who began his chief DEI role at Haas in EQUITY, AND INCLUSION OFFICER of an applicant on-deck response from Haas. July. That includes partnering with Historically Eight administrators convened at least two Black Colleges and Universities, Hispanic-Serv- $1M devoted for hours every day for a month, meeting with stu- ing Institutions, and multiethnic career affinity DEI staf“ing dents, faculty, and staff to craft the DEI Action groups to form mentoring programs that connect Plan (see sidebar at right). Chandler provided Haas to a broader array of applicants and con- “Mobilization of this Increased fund- monthly public updates. “Mobilization of this necting with those applicants earlier and more ing for diversity magnitude hadn’t happened magnitude hadn’t happened before at Haas in often. It also means identifying more nonprofits initiatives across before at Haas in my my experience,” she says. that award scholarships to URMs, like the San programs experience.” Student leaders Tam Emerson and Matt Hines, Francisco Foundation does for African American MBA 19s, are two of several students of color Berkeley undergrads. More represen- COURTNEY CHANDLER, whose recommendations informed the action plan. “Key to our efforts will be identifying additional tative hiring CHIEF STRATEGY & OPERATING The pair met with Chandler weekly during the financial support from our alumni and corporate OFFICER committees TAM EMERSON PHOTO: WEBB CHAPPELL spring semester to discuss progress. Students also donors,” Porter says. “This support will give us amped up recruitment efforts to let the incoming more flexibility to do the work.” class know they’re welcome at Haas, engaging Some of that financial support Dean Harri- in more targeted conversations with URM pro- son will use to hire more faculty, with an eye on “Students got here spective students and hosting extra webinars and increasing diversity. and…were shocked at happy hours. Asst. Prof. Drew Jacoby-Senghor, one of two the demographics.” In addition, Emerson urged the action plan African American ladder faculty at the school, says committee to view the issue holistically. “We need this is critical. He also says Haas’ curricula should 28 to talk more about…what it looks like to make comprehensively address the challenges that those 29 MARCO LINDSEY, DEI TEAM MEMBER experiences more equitable for all marginalized serious about leading diverse workforces will face. Berkeley HAAS SUMMER 2019 This makes business sense. In 2018, Deloitte One day in class, we watch a video about the Enrolled found that inclusive teams are three times more civil rights movement. There is, of course, violence: underrepresented likely to be high performing, six times more likely hoses, beatings, lynching, death. Lives are changed minority to be innovative and agile, and eight times more BEING and lineages destroyed. I soon realize that I’m the students in likely to achieve better business outcomes com- only one crying. The only one. Perhaps coincidentally entering class. pared to their competitors who don’t prioritize I’m also the only black person in the class. Others “Sometimes all having an inclusive environment. BLACK are considerate and caring. My friends hug me and 2019 “Students want to know how to consider diver- classmates and my professor check in on me after you want to be 1 19 sity when hiring, or how to manage a team, or class. It could just be that they don’t cry easily, is just another 21 are thinking about issues of fair financing,” Jaco- but it seemed like my classmates were observing by-Senghor says. “Right now these things are dealt AT BERKELEY something far away and long ago, that they weren’t student, but Class Size: with by teaching modules, using more diverse connected to. Which made me feel like maybe they if you don’t 283 case studies in the classroom. Students will want weren’t connected to me. speak, your classes that address these issues more directly.” HAAS Haas is diverse. We have 40% international stu- Total URM: 41 One such class is Dialogues on Race, initiated dents and many members of the LGBTQ+ commu- voice won’t % of class 14% and taught by students, for which Jacoby-Seng- nity, veterans, women, men. We have diversity of be heard. And hor serves as faculty advisor. “It’s a very personal, BY BREE JENKINS, MBA 19 thought and of experience. We openly celebrate this 2018 intense class and students who take it say they and our cultural backgrounds and gender fluidity. your voice is 1 feel more optimistic and prepared to have these And yet there were only three black women in my 6 representative.” 12 conversations outside of the classroom,” he says. I toe the line between class. Two in the class of 2020. I’ve heard people A new course, Equitable and Inclusive Leader- compassion and anger. argue that, “Black people don’t understand the value Class Size: ship, taught by Lecturer Jennifer R. Cohen, was Or maybe it’s sadness or amusement. Probably all of a graduate degree” or “It’s the pipeline problem.” offered to executive MBA students this year. “My of the above. One of my professors, he’s smart and Pipeline problems exist, but did we check to see 291 hope is to move diversity, equity, and inclusion I like him, has called me by the other black girls’ where our pipes were connected to? If the line is discussions into the core curriculum,” she says, name. She’s a close friend of mine, but she is not faulty perhaps it’s connected to the wrong source. Total URM: 19 % of class 7% “because these are core leadership principles that me. I know he doesn’t notice because when I ner- Where was our strong representation in Atlanta? In every student should master.” vously approach him after class and explain to him D.C.? In our own staff? How can we expect to attract All of the past year’s efforts seem to have what happened, he looks distressed. I briefly won- this demographic without being intentional? 2017 started to create a shift on campus this fall— der if I shouldn’t have said anything, if I’m being too This feeling isn’t new or limited to Berkeley, 10 12 and perhaps a new chapter in the Haas diversity sensitive or overreacting or putting a “racial lens” however. I felt the same in my undergraduate insti- story. Where it all leads is yet to be written, but on something when it doesn’t need to have one. tution where I was one of the few black engineers CDEIO Porter says Haas’ goal is to educate lead- Under different circumstances, I may have just in diverse Atlanta. Or in my first job after college, Class Size: ers ingrained with a DEI mindset. “Being able brushed it off. People mix up names all the time. where for three years I was the only black person 282 to lead diverse teams is not a skill we are born But I feel the need to say something because we on a team of 70. It’s just getting old at this point. with. It’s something that all successful leaders have just had a deep Haas-wide discussion on I was asked what it’s like to be black at Berke- Total URM: 22 need to learn,” Porter says. “My vision for Haas this very topic. It happened with another stu- ley Haas. What is it like to be black anywhere in % of class 8% five to 10 years down the line is that the world dent whom I care deeply about, and he was brave America? To be reminded that despite being inte- looks at us as the place to come to when looking enough to speak up. It’s not the action as much gral to this country, you don’t exactly belong. To 2016 for leaders who are qualified to work in and lead as it is the feeling of discomfort that has to be be the first in your household, your generation, a diverse workforce.” addressed lest it become resentment or hate or maybe even your extended family to attend a place 19 1 5 It’s a worthy and attainable goal, but improv- worse. My professor is apologetic and upset, like this and be heaped with praise by how much ing DEI at Haas, as this student-initiated jour- embarrassed and empathetic. He is considerate you’re able to “overcome” and how you must be Class Size: ney has shown, will take a community effort of of what I’m feeling but doesn’t say, I understand. I special and smart. All the while, you know at change agents, allies, and philanthropists working know. I appreciate that he doesn’t put words in my least 10 other people just as smart as you and 252 to make Haas a standout among peer schools. mouth. Later that night, he writes me an email. It even more hardworking who just couldn’t afford New student Geo Guillen, who was born in is kind, thoughtful. your undergraduate institution or the test prep Total URM: 25 % of class 10% Mexico and grew up in Washington state, ulti- Most of the people that I know at Haas are just or to take time off of work to come to a place like mately chose Haas for its academic strength and that—kind and thoughtful. Being black at Berkeley Berkeley. You don’t feel special—you feel lucky, reminding people that you do not carry the per- student activism and because he knew Haas was Haas meant that I was surrounded by many stu- considering that if your mom had not moved to spective of everyone who happens to have your 2015 working to improve DEI schoolwide. dents and faculty who were aware or wanted to a city with better schools, perhaps you would be same skin color. You are an individual; sometimes 1 10 5 What Guillen has found so far on campus has become more aware. They took classes and even another person with “lost potential.” you want to be treated that way. pleasantly surprised him. “People of all walks created classes; classes like Dialogues on Race. Being black means being surrounded by people Then, when you write the article, you decide of life, all colors. Seeing more URMs within They were and are true allies, and I hoped to earn who don’t think about race every day and marvel- to tone it down so that readers will take you Class Size: the class made me feel more comfortable and at my title as ally from them and have their backs. ing at that. Marveling that they don’t talk about seriously and not dismiss you as an angry black 246 home,” he says. “Plenty of top MBA schools say What a beautiful community I found, starting with the injustices of a society that has already nearly woman when you decided to try vulnerability. And DEI is an important aspect of their program, but The Consortium and my incredible co-liaisons. I forgotten its past and keeps repeating it with a still you fear the reaction. Total URM: 16 not all schools publish an external DEI Action also built strong friendships and relationships fresh set of faces. It’s sitting on a panel, leading % of class 7% Plan. Haas was very vocal about their plan and from being a leadership communications graduate a small group discussion, or even writing an arti- E ­€’ N ƒ: Bree Jenkins, MBA 19, is the founding head of this year is definitely a step in the right direction. student instructor, a rep for my cohort, and partic- cle—about being black at Berkeley Haas. Some- operations of Hayward Collegiate Charter School, a new elemen- tary school in Hayward, Calif. She was the full-time MBA student African American So there’s hope that if Haas can do that in one ipating in the International Business Development times all you want to be is just another student, speaker at Commencement in May and one of 10 black students Native American year, what other initiatives can be pushed in the program with a fantastic team. But sometimes, but if you don’t speak, your voice won’t be heard. in her class. Berkeley Haas invited her to share her thoughts on 30 DEI space?” even that didn’t feel like enough. And your voice is representative. You have to keep being an underrepresented minority student at Haas. 31 Latinx

Berkeley HAAS SUMMER 2019 (From left) Gathering for newly admitted students Aleksey Igoshin, MBA 14; Alexander Turbanov, MBA 18; Eugenia Zanina, MBA 21; Daniil Pushkin, MBA 21; Evgeniya Kalenykh, MBA 14; Mikhail Kryukov, MBA 21; Pavel Polyakov, MBA 10; Alex Kuznetsov, MBA 16; and Elena Petrova, MBA 15. Meet the Dean event NYC: Dean Ann Harrison and Samir Mathur, MBA 93. Pooja Saksena, MFE 06; Jon Russo, MBA 97; and Moscow Daniel Xue, MBA 06. RUSSIA

New York NY

(From left) Meet the Dean event Seattle: Chapter President Kalyan Pentapalli, MBA 18, and Gaurav Doshi, MBA 18. Dean Ann Harrison and Krista Dalton, BCEMBA Seattle 04. Meet the Dean Event WASH. NYC: Olaseni Bello and Alex Russomagno, MBA 21s THE HAAS COMMUNITY PAGES SHARE

ALUMNI 34 NEWS UC UK Charity Gala: UC alumni from all over Europe and California raised almost PROFILE: $34,000 for study abroad 45 Kate Stillwell, scholarships at this black-tie MBA 07 event. Center photo: Richard Simmons, MBA 72, the direc- tor of BPP University, was one PROFILE: of the evening’s speakers. 48 Noah Deich, MBA 15

(From left) Berkeley Haas’ OBITS 17th annual celebration at 52 Mark Gap headquarters: Jenny May, Rubinstein; MBA 93; Susan Rockwood, MBA London Leo Helzel, 89; Hilary Weber, MBA 93; UK MBA 68; Kristin Nicholson, MBA 93; Raymond Frank Rockwood, MBA 93; and Miles Haas Asst. Dean for Devel- opment & Alumni Relations Leslie Schibsted, BS 86. Event HAAS PERKS speaker Jennifer Chatman, PhD 88, the Paul J. Cortese Distin- 54 guished Professor of Manage- ment, with Paul Cortese, BS ROAD TO 48. MBA Reunions: Deborah Berkeley 56 SUCCESS Stern, MBA 84, and Julie CA Brown, MBA/MPH 84. Members of the MBA Class of 2004.

San Francisco 32 CA 33

Berkeley HAAS NEW YORK CITY PHOTOS: CODY RAISIG; SEATTLE PHOTOS: MATT HAGEN; LONDON, UK PHOTOS: FIONA HANSON; CALIFORNIA PHOTOS: NOAH BERGER SUMMER 2019 Insurance Company. The Linda Schermer, of encompasses high-touch responsibility in Upstream “On the home front, company was the largest Beverly Hills, Calif., is in interactive activities, an operations in Kazakhstan, Tess and I will be black-owned company in real estate. esports venue, free- Thailand, Venezuela, celebrating our 27th the Western U.S. at that roam VR, mixed-reality Angola, and Indonesia. wedding anniversary this time. I also served as a Andrew Shapiro, of games, STEAM education September. The last of director of 1st Interstate Mill Valley, Calif., was classrooms, a sport/tech our three sons will leave Bank, now Wells Fargo; recently elected chair innovation lab, and art 1986 home. We look forward Pacific Telesis Group, now and president of the Mill and music. Through its Kim Carter Crossley, to the next chapter of life AT&T; Kaiser Aluminum Valley Library Founda- architecture, lighting, of Palo Alto, Calif., writes, without kids at home and and Chemical Corpora- tion, where he has served video, and projection “I am continuing to build are using this moment to ALUMNI NEWS

tion; and Metromedia. I in board leadership roles mapping, MoFS visitors my real estate practice entertain new opportu- SHARE was chairman of the Los TV) with China’s public for six years. Andrew’s are transported into a and am reaching out to nities and cities. We will Angeles Urban League broadcaster CCTV and activist investment man- completely immersive my Cal family to grow my be spending more time and president of the City sister digital company agement firm, Lawndale vision of the future of business. If you have or in California as the boys of Los Angeles Human CN Live (with a current Capital Management, sports and entertain- know of someone with a attend Pomona College, Relations Commission.” installed base of more recently celebrated its ment—a new attraction real estate need, I would Stanford, and Santa ALUMNI than 250 million users). 26th anniversary. He con- for family adventures, love to connect. Please Clara. (Yes, I am disap- “Looking to connect tinues to regularly speak STEAM education, eve- call or text me at 650- pointed none of them 1966 with someone at an ad at national conferences ning entertainment, pro- 208-5516. Go Bears!” wanted to attend Cal.)” Herman “Buzz” agency/media buying and director education fessional sports, and cul- Boschken, See MBA who might be interested programs on corporate ture. MoFS is a registered 1968. in having clients adver- governance and activist 501(c)(3) corporation The Robinson tise in conjunction with investing topics. He just committed to providing 1988 Family: Tess, Irene Boschken, our launch. We control completed a multi-year STEAM education and Thomas Furtney, Oliver, Miles, See Herman “Buzz” all direct and sponsored tenure as chairman of the tech literacy to everyone. of Kentfield, Calif., Spencer, and Boschken, MBA 1968. advertising.” Contact announces, “I recently Bruce, BS 86 him at joined Advanced Com- [email protected] or craig.suss- munities as managing 1969 [email protected]. partner based out of our N E W S The Answer: San rancisco office. I have been working 1979 M. Bruce Robinson, of within the Salesforce eco- “I founded a chocolate Shanghai, China, updates: system since 2007, and The Big Question: “Since graduation, I have Advanced Communities company and consult and had a few different helps deliver consum- careers, including in er-grade customer expe- sell machines to help investment banking in the riences to external and How have you questioned Daniel Asera, 1990s (with Salomon internal customers. professor-in-residence at other chocolate mak- Brothers, Citigroup: NYC, “When not working, I University of Nevada, Las and Banc of America Secu- am busy chasing after my the status quo at work and Vegas, was awarded the ers get started. I don’t rities: Boston and Palo four children. My eldest, 2019 Campus Life Alto); private equity from iona, is off to Marin Achievement Award for see it as creating com- 2005 to 2012 (with Catholic High School in what was the result? Excellence in Academic Avenue Capital Group: the fall. My family headed Impact in recognition of petition. I’m growing Shanghai); and most to Pinecrest again in July his contributions to recently as an executive for our annual trek to the UNDERGRADUATE Angeles, announces, “I faculty and student Kendall Callas, of San the (chocolate) pie.” coach, entrepreneur and Lair of the Bear, run by have written a book, interaction. As profes- Francisco, celebrates the returning to investment the Cal Alumni Associa- Black Warriors The Buffalo sor-in-residence, Asera completion of his new banking with a boutique tion. If you haven’t been, 1941 Soldiers of World War II. I helps improve communi- book: 101 Time Tactics, —ERIN ANDREWS, BS 91 firm, Stout Bluepeak in it is a great family camp Irvin Sternberg, of served as an infantryman cation between faculty Productivity Tips to FOUNDER, INDI CHOCOLATE Shanghai. At this point in experience for kids and Fort Smith, Arkansas, in the all-black 92nd and students in UNLV Maximize Your Minutes. See my career I am open to adults alike! Go Bears!” wrote in to say, “I was Division in Italy. I residence halls. He also the Top 10 or browse the new challenges and very fortunate to attend received three Bronze directs the STEM PDF at www. opportunities wherever Chris Rhoades, of Fal- my granddaughter Jenni- Battle Stars, a Combat Summer Program for the 101TimeTactics.com. He they may take me. The mouth, Me., purchased fer Sternberg’s graduation Infantryman’s Badge, and Howard Hughes College adds: “It turned into a Official Equity Com- David Inchausti, of last 14 years in Shanghai the 14-story Time and from Cal in May 2011, a Purple Heart for being of Engineering. Asera franchise: 101TravelTac- mittee in the Premier Alamo, Calif., was named have given me a front row Temperature Building in exactly 70 years after wounded in combat. The leads Haas and Cal tics is nearly done; Exhibitions/RMS Titanic corporate vice presi- seat on rapid development Portland, Maine, which I had graduated from Italians my unit liberated alumni chapters in Las 101TechTactics is next, bankruptcy cases. dent and comptroller of and how to manage and will be converted to a there. Jennifer is now in invited me and my family Vegas and is currently then 101MoneyTactics, Chevron Corporation lead in such a dynamic high-end boutique hotel her 3rd year of OB/GYN to visit towns and cities planning the Class of 101LifeTactics. I’ll (CVX). Inchausti will lead business environment. with a new parking residency in the USC-L.A. we liberated. I have 1969's 50th Reunion probably stop with 1985 Chevron’s accounting, Over the years I was garage and 23-story County hospital program. returned six times since gathering during 101SeniorTactics!” If you Douglas Burnet, of financial reporting and fortunate to meet up with residential tower on site. 2012. I will be 94 next Homecoming in October. know a good agent or San Francisco, is the analysis, internal controls, [former] Dean Lyons, who “Portland has become month and plan to return publisher, email: founder and chair of and finance shared ser- visited Shanghai almost one of the best foodie 1948 to the city of Lucca, Italy, TimeTactics@ the Museum of Future vices organizations. He annually, and most and microbrewery cities this summer. Lucca was 1977 microCounsel.com. Sports (MoFS), which previously served as Chev- recently with Chancellor in the U.S.,” he notes. liberated by my regiment Craig Sussman, of Los opened June 1. MoFS— ron’s deputy comptroller. Christ, during her Novem- “Come visit and say on Sept. 5, 1944. I’m Angeles, is looking for an interactive destination Inchausti joined Chevron ber 2018 trip. I applaud hello. Go Bears!” almost finished with my help within the adver- 1981 for technology, enter- in 1988 and has held both of them for reaching second book, which tising community. He Paul Chandler, See tainment, sports, and numerous operational and out to alumni globally and discusses my return trips writes, “I’m the executive MBA 1989. culture—is a vibrant new corporate finance posi- representing our great 1989 to Italy and my wonder- director of an established member of the San Fran- tions worldwide, including university in Asia during Tania Anici Kelley ful receptions. TV/media company in cisco cultural community a stint as comptroller this critical time in its is a 2019 North Bay 34 “I retired in 1990 as the process of launching 1983 engaging the hearts and for Chevron’s Upstream development. Please let Women in Business 35 the chair and CEO of an English language TV Steve Peletz, See minds of neighbors and organization and finance me know if your travels Award winner. She is Ivan Houston, of Los Golden State Mutual Life channel (Popstar! MBA 99. visitors alike. MoFS positions of increasing bring you to Shanghai. senior vice president Berkeley HAAS SUMMER 2019 UNDERGRADUATES Nirukshi (Anosha) member of the board at public good at the City values I explored and reports, “I’ve started a CONTINUED Subasinghe writes: “Sri HelpAge Sri Lanka, the of Clovis.” developed, and the record fashion venture to bring Lanka, my current home, foremost NGO assist- I established as the first made-to-measure The Answer: and head of marketing at is gradually recovering ing the disadvantaged Will Edmonson, of American lawyer in my button-downs to the Novato-based Hennessy from the horrific tragedy elderly in Sri Lanka. And West Hollywood, Calif., ancestral history. casual wardrobe. Our Funds, which serves on Easter Sunday. We are I hope to join a choir writes, “I continue to “I got a new beagle mission is to make ‘shirts “As a career activist investor, more than 300,000 inves- getting back to our lives soon to reactivate my practice law, primar- named Lucian Lambchop, for men not afraid to be tors nationwide. slowly. The hotels are vocal chords, which were ily handling litigation which is basically like bold,’ bringing perfect fit, I’ve helped block several ‘takeunder’ just opening up for busi- last used properly as a matters for individuals having a baby because he unique fabrics, and ness after installing new part of Tuck’s a cappella and small and mid-sized demands food, water, and premium quality to the management buyouts and forced higher 1991 security measures. Sri group ‘Executones’ at businesses. Before start- cuddles, cries, plays, and casual shirts we guys Fred Ong, of Los Altos, Lanka was 2019 Lonely Dartmouth eons ago! ing my own firm, I was makes a mess.” probably wear most auction prices to be paid to Calif., muses, “Having Planet’s number one Hoping for peace and a partner at Doll, Amir nowadays (the age of the just watched my older country to visit, so we prosperity in Sri Lanka, & Eley LLP and an asso- suit is definitely over). all shareholders.” daughter, Megan, go are devastated that the I bid you goodbye ciate at Gibson, Dunn & 2009 Check out our curated through the college terror attack also took and best wishes!” Crutcher LLP. Previously, Nikhil Arora reports collection of shirts at application process, it away the momentum I served as a law clerk in that organic food and www.fridayshirtclub.com. —ANDREW SHAPIRO, BS 83 the federal district court gardening company Back I’ve moved back to PRESIDENT & PORTFOLIO MANAGER, LAWNDALE CAPITAL MANAGEMENT 1999 and the federal appeals to the Roots, which he Bangkok to oversee Mimi Leung court. I offer big law firm co-founded with Ale- production. It’s my announces: “I am now experience and talent at jandro Velez, raised second stint in Thailand, The Answer: living in Hong Kong. affordable rates. Please $3 million in a Series C and it’s been a lot of fun! After graduation, I feel free to contact me at financing round. Back Do reach out if you find wishing to become company for 8.5 years worked in a few differ- 424-248-9581 or will@ to the Roots will use yourself in town.” financially independent. now (promoted three “I challenged my role as an essential ent roles, including in a whelawfirm.com if I can the capital to launch You will certainly be able times since my time at startup, being a consul- help you with anything.” more than a dozen to find me at Golden State Cal). Our company business advisor by showcasing all our tant, and then settled at new products this year, Warriors games, proudly continues to grow and Oracle HQ in product including the first-ever waving my season tickets is hiring and would love expertise and specialties to our clients. management. After I 2005 hemp growing kit, and cheering on the best to bring on Haas alumni moved to Hong Kong, I Anuj Saigal, of San which debuted in April. team in the NBA!” to our team. Please They now seek us out with any business started to work in bank- Francisco, has teamed up The company will also email: davidk@ ing, including at HSBC with two fellow Berke- start new partnerships reactionsearchinterna- problems or opportunities.” and Citi for more than 10 ley alums from 2005 to with retailers including tional.com. years. Recently I left the launch HiGeorge, a San Walmart, Bed Bath & “At the end of May I NEW ROLE banking job and started Francisco-based civic Beyond, Bloomingdale’s, took a dream vacation to —KINMAN TONG, BS 03 a business on my own in technology startup that Petco, and Costco. Back Greece (Athens, Myko- PARTNER, MOSS ADAMS LLP global franchising. I am is working to make our to the Roots also made Shazia Virji, of Millbrae, nos, Santorini) and Italy excited about the time, representative democracy Fast Company’s 2019 Calif., writes, “Thanks to (Amalfi Coast, Pompeii, Former Dean freedom, and joy about more transparent, effi- World’s Most Innovative the growth opportunities Capri, and Rome).” my own business. Berke- cient, and accountable. It Companies list in the Berkeley Haas has given Rich Lyons, ley and Haas have been enables constituents to social good category. me, I am thrilled to say I Clement Kao, of San BS 82, was reminded me of how of the tourism industry. always on my mind, and message their represen- was promoted to VP of Francisco, notes, “I’m much easier my gener- But we are hopeful that, I am planning to come tatives in seconds and Kara Jancourtz, of business development at Amy L. Young, of a product manager at appointed UC ation had it during our in time to come, the visit in the fall. Look can be accessed through New York City, moved Credit Sesame, a fintech London, U.K., Blend, a fintech startup application process. country will recover to its forward to seeing you if websites such as Face- back to the U.S. after company leading the announces, “My digitizing the consumer Berkeley’s first Today, students study former glory of being a you are around.” book and Twitter. After two-and-a-half years personal credit manage- husband, Jonathan, and I lending ecosystem. I just and work hard hoping ‘paradise isle’ for tourists verifying the citizen, working abroad in Lon- ment revolution. Haas has welcomed our first baby, kicked off an integrations chief inno- to be accepted into who adore the Sri Lankan it turns these mes- don with Google. “After helped me get a long way Elowen Clare, in January. initiative, which has been their top-choice univer- hospitality. 2000 sages into constituent six years in digital ad since I decided a career in From her father, she absolutely exciting! vation and sities; however, many “On a lighter note, sentiment analytics that sales,” she writes, “I took finance was for me—at age inherits the habit of “Outside of Blend, I’m are not. This is just the I’m proud to state that are easily digestible and a short-term assignment 7, when I boldly stated I sleeping and waking at leading a community of entrepreneur- reality and can be very my son will attend Cal actionable for repre- with Google for Start- was saving money to all the wrong times. passionate product peo- ship officer to discouraging for these in the fall and major in sentatives. The product ups, working with local purchase an NBA team. From her mother, she ple at Product Manager hard-working students. economics. So I am very launched this summer. entrepreneurs to catalyze (It’s a dream that I still inherits a petite frame H (productmanagerhq. develop activi- Riza and I have told both excited to finally be a the ecosystem. The plan to realize!) I was that belies an impressive com), where I’ve written of our daughters they Berkeley mum—a dream experience of managing proud to serve as set of lungs. To every- more than 50 articles on ties benefitting can pursue studies and come true! 2006 a diverse community president of the San one’s surprise, she was product management and careers of their choice, “My work in the field allowed me to pivot into a Francisco chapter of the born with two teeth!” personally mentored both students, fac- and in return we ask that of agriculture has its fair full-time role in Google’s Berkeley Haas Alumni aspiring and experienced they try their best toward share of challenges—for Geo department manag- Network. In July 2019, I product managers. I ulty, staff, and that goal. I’ve also come example, due to climate Claudia (Gallegos) ing online help forums.” took my alumni involve- 2012 love giving back to the to realize my own accom- change or government Cazares, of Fresno, Calif., ment a step further in my Nick Anastasiades community: If you’re startups. plishments are becoming policies—but I look reports, “In November new role as the vice chair reports, “2ndKitchen, interested in product less important at this forward to better times 2016, after an arduous 2011 of the Berkeley Haas founded by myself and management or fintech, Learn more: phase of my life. It’s time with enhanced techno- campaign, I was elected to Alumni Council. Our team Jonathan Elron, raised let me know how I can haas.org/lyons-cieo for the new generation to logical improvements the resno Unified School will strategize opportuni- a funding round of $1.35 help!” Contact Clement take the stage. and different strategies. I District Board of Trustees. ties to deepen alumni million to pair busi- at clementkao1@gmail. “Megan will attend enjoy my volunteer work The district is the fourth engagement and expand nesses that don’t have com or via LinkedIn. college this fall, and I in Zonta International as largest in California, with a Tasha Salveron, of Los the global alumni network kitchens with nearby know she’ll do great a district chair for the Z budget of over a billion Angeles, announces, “I that has already helped so restaurants that want to because she’s pursuing Club and Golden Z Clubs dollars, serving children earned my JD and work many people like me outsource theirs.” 2015 her passion and interest. for District 25, where I from some of the poorest as a federal law clerk. I’m succeed. Meanwhile, I Aleksa Saponjic, Fight on Roski! It’ll be work with youth on vari- neighborhoods in America. very happy with my continue to be a proud water polo Olympic Marina’s turn to take the ous projects to empower Additionally, after five decision to go to law ambassador and mentor 2014 bronze medalist, returned 36 stage three years from women through service years away from the school. Money cannot for Dress for Success, an David Kant, of Lafay- home to Serbia after grad- 37 now. I’ll be rooting for and advocacy. I have also government sector, I buy the learning and Aron Schindler, of organization that provides ette, Calif., writes, “I’ve uating from Berkeley to her just as much then.” been a long-standing returned to work for the growth I experienced, the Bangkok, Thailand, support for women been with my present be close to his family and Berkeley HAAS SUMMER 2019 UNDERGRADUATES team! Eager with anticipa- research and publishing previously CEO and pres- relocated to northern CONTINUED tion about what God has activities. In February, a ident of Sequoia ational Nevada a couple of years 1984 in store. I’m enjoying completely revised Bank in San Francisco. ago. We’re downhill from help make a difference for walking around Shoreline version of my 25-year-old Lake Tahoe and only 22 The Answer: his home country. He first Lake with my boyfriend, case on Vail Resorts, Inc., minutes from Heavenly worked with Pricewa- whom I met long-distance was republished for the 1980 Valley ski area! We have terhouseCoopers, then while living in Australia, third time—this time in three adult children, who “I reinforced my value-add switched to McKinsey in him in Orange County. McGraw-Hill’s leading 40th Reunion live all over the place. I Belgrade, where he is a We both recently moved textbook in strategic travel to Washington, and stated what I could business analyst. In his to the Bay.” management. For the D.C., often to visit our short time at McKinsey, past two years my daughter, a lawyer there. bring to a venture and nego- he has undertaken a Alicia Wang, of New quantitative research has One son lives in Portland, number of influential York City, updates, “After delved into why ‘global works for Smith Optics, tiated a higher ownership initiatives, including Haas, I moved from the cities’ have more and the other son lives in Deary Duffie, of San facilitating a high-profile West to the East Coast to socioeconomic inequality S.F., works for Meso- Francisco, reports, “I in our new company.” telco workshop that led begin my journey as a con- than metropolitan areas sphere. I look back with retired in May 2018 after to substantial impact for sultant. After navigating less directly connected to fondness on my time at 30 years of HR execu- my way to really focus on globalization. A confer- Haas and the wonderful tive work at HP, Levi’s, —MARIANNE O, MBA 94 digital strategy and prod- ence paper on the subject people I met there. Go Charles Schwab, and PARTNER AND PORTFOLIO MANAGER, uct management, I have is currently under way, Bears! (except on Big Roche/Genentech. I’m in LUMEN ADVISORS, LLC transitioned into becom- and I’m contemplating a Game Day: ‘Fear the the process of writing a The Answer: ing a product manager for journal article in the near Michaela Rodeno, of Tree!’ heh, heh!).” book on my experiences a high-growth startup, future. I also continue my Napa, Calif., writes, “Since as an African-American Plaid. The fact that one work as an appointed we recently replanted executive in the corpo- “I started selling in four people with a U.S. member of the Davis our vineyard to cabernet 1982 rate world. teach, write, and serve MA 90 (history of art), bank account have used Planning Commission. sauvignon, it was fortu- “My partner, Daniel, on boards of ETFs and and I had the chance to button-down shirts in bold Plaid to connect to their “My wife, Irene, BS itous that the Oakville and I have a place in a mutual funds. I’m also ski in Zermatt, Switzer- favorite financial services 66, and I celebrated the Winegrowers Association small Tuscan beach town active in town environ- land, in March. The fabrics to rede‚ine men’s applications shows the first wedding of a grand- decided on Bordeaux for named Castiglioncello. mental issues and com- Matterhorn truly is an scale we have, as well as child (we have seven) its 2019 “tech exchange” We spend three to four munity organizing.” ‘E-ticket’ ride—but the fast fashion and bring the impact we can have to in Florida on April 27. visit. Gregory and I spent months a year there and superb dining experi- empower fintech innova- It was a grand occasion four intense days with traveling in Europe. I ences are the real reason custom-‚it clothing to tors.” with a reception at a fellow growers and winery continue to improve my to travel there. Proud blueberry farm and hours owners in academic understanding of the that my Cal visor hat casual wardrobes.” of line dancing. We also lectures on terroir and soil Italian language and traveled with me. 2019 found time for visits to science, followed by site culture. Sorry to have #eatlotsofraclette.” Johnny Hooper made Epcot and the Kennedy visits to Châteaux Latour, Marshall Leisten, of missed the recent alumni —ARON SCHINDLER, BS 11 the men’s senior national Space Center. In June, Lafite Rothschild, Smith San Mateo, Calif., reunion because of our FOUNDER, FRIDAY SHIRT CLUB water polo team and will we headed to Italy with Haut Lafitte, Soutard, updates, “After working current stay.” represent the U.S. at the family and friends to cele- Fourtet, and La Fleur- at a number of compa- Olympics in Tokyo in brate our 75th birthdays, Pétrus (welcomed at the nies in the enterprise Patrice, Aram, Adriana, 2020. Hooper ranks #2 on which are 12 days apart.” latter by owner Christian software space, most 1985 Avedis, and Dan Cal’s all-time top scorers Moueix, who also owns notably at Oracle for Michael Watt, of Maljanian, JD/MBA 88 the client. Aleksa, who list, with 245 career goals. Dominus in Oakville). about 15 years, and a 35th Reunion Austin, Texas, became grew up in Serbia and 1972 And a tonnellerie where number of various stage senior vice president of played professional water Richard Simmons, the stars were two small, startups, I have decided U.S. sales for Impero polo there, attended MBA the executive chairman young women apprentices recently to become a Software to lead the Berkeley on a full at BPP Education Group banging on barrel hoops mentor/advisor to Karl Hartmann, company’s U.S. head- scholarship on the Cal 1960 and director of BPP and winning national venture-seeded startups. of Eastham, Mass., quarters in Austin. Dan Maljanian, of men’s water polo team Chen Wang, writes, “I University for Profes- prizes.The soil pits at This role allows me to co-authored Investment Impero Software’s Altadena, Calif., has alongside his brother. need an entrepreneurial sional Studies, spoke at Latour and Lafite were par- advise CEOs on Management Regulation: An flagship product, Impero embarked upon his third Haas alum to expand the fourth annual UC ticularly interesting, and go-to-market strategies Introduction to Principles Education Pro, provides startup since graduating my very successful land Alumni UK Charity Gala the wines...well. We came regarding business and Practice with Carolina schools with a portfolio from Berkeley with a JD/ 2016 banking business. Please in London in March. The home with our heads full development, sales, and Academic Press—“the of services: Impero MBA, the Homeschool reach me at cwang@ event, developed by the of things to think about for partnerships as they first new casebook in EdTeach for classroom Community Foundation, acecapitalgroup.com to UC Alumni UK Board, Napa Valley.” strive for traction in the the field in 30 years,” management, Impero which will provide grant explore this opportunity!” supports scholarships for market and a next round he writes. The new title EdProtect for student funding to homeschool- low-income University of funding. I have the “provides law students safety, and Impero ing nonprofits nation- of California students 1981 opportunity to share my and others with a fine EdAdmin for network wide. The $100 million 1968 to study abroad in the knowledge and wisdom overview of the legal and management. endowment goal will be United Kingdom. in a critical way and help regulatory environment funded primarily by set the direction of the of investment advisers foundations and company for greater and funds of various 1988 companies that support 1975 success and more quickly. types. The book comes home schooling. His “I am currently working out of my work teaching wife, Patrice, has Grace Chen, of 45th Reunion with a company that is try- at Suffolk Law School as home-schooled their Fremont, Calif., reports, ing to build and market an an adjunct. I also teach a three children from birth “After spending a little application like Customer class on startups there. through high school. over a year in Sydney, Relationship Management Both classes are based on This fall Adriana will be Australia, (best place (CRM) did for sales, my work experience over a junior at Hillsdale ever) doing hardware 1976 Victoria Wray-Green- support, and marketing the past 40 years—and College, Aram will be a retail marketing at Google Herman “Buzz” Joe Garrett, of Berke- ing, of Genoa, Nev., people—but for coders. my work as founder and freshman at University Australia, I’ve just moved Boschken, of Davis, ley, Calif., was re-elected writes, “1981, ooh, that Also I recently joined the publisher of 40Act.com. of Wyoming, and Avedis back to the Bay Area with Calif., writes: “Five years to the board of directors was a long time ago! UC Berkeley SkyDeck pro- “After my wife’s sale will start high school a new role as a product/ into emeritus professor of Pacific Premier Bank, Retired in 1986 when my gram looking for another of her acupuncture Ralph Garcia, Jr., of with Patrice. The two 38 brand marketing manager status, I remain very an $11 billion Southern first child was born. Jack startup to advise in my practice, we moved to San Mateo, Calif., prior startups were his 39 on the Google Doodles active in my professional California bank. He was ‘Jay’ (my husband) and I area of expertise.” Cape Cod. I continue to reports, “My wife, Jean, bakery and cafe in 1997 Berkeley HAAS SUMMER 2019 MBAs CONTINUED and operated for over capital and angel investor planning. I really enjoy 1990 20 years—is still going networks around the getting to know clients and an international strong. My son, a Princ- world to truly globalize and am loving every nonprofi t in 1993 to The Answer: 30th Reunion eton 17 grad, sold his the best practices of minute. Meanwhile our support Armenia’s startup company and Silicon Valley. Jeff and Kal daughter is wrapping up LET’S BE FRANK emergence from the heads up new business previously partnered as her fi rst year of middle Soviet Union. This “I adopted an ‘I can work development in commer- co-founders and school. I’ve had the summer, Dan and Patrice Klaus Hammer, of cial real estate services. operating CEO and opportunity to get spent two-and-a-half anywhere’ ethos, and last Einsiedeln, Switzerland, Beth, BA 91 (legal president of Batchery, a involved at her new weeks at Oxford, announces, “More and studies), is our chief Berkeley-based startup school, and it’s been Cambridge, and northern year my family of four more, HammerResults fi nancial offi cer. Daughter incubator, where they led so much fun joining England studying C.S. software and methodol- Rachel Williams, Class to launch an online the organization during that community.” Lewis and enjoying the moved to Amsterdam after ogy becomes a facilitator of 21, will be interning virtual startup accelerator its launch and scaling. Lake District. for transformations as it with us this summer and called Silicon Valley in Batchery has graduated selling most of our belong- continuously measures also pursuing some of Your Pocket. The core over 120 startup the impact of a trans- her own entrepreneurial eight-module program companies through its 1989 ings. We’ve since traveled formation and its work ventures. Exciting times. helps global startup programs. Reach out to streams on culture and Looking for some interns founders build their Jeff or Kal for a special Europe extensively. people (www. in Boston and also hiring companies (wherever Cal student and alumni hammerresults.com). appraiser/analysts in they are in the world), off er. He writes, “I I highly recommend it.” “Leonie Therese Ham- the Southern California leveraging key tactical continue to love living in mer, born on April 29, is market. Always growing, and practical startup the Bay Area/Silicon my wife’s (Chiara) and always learning. Write us strategies learned Valley while exploring all Seiichiro Yamamoto, MBA —KIM NIQUETTE, MBA 99 my big happiness and at Orders@BAARreal- through a self-paced corners of the world in 92 (center), with SkyDeck CEO, KIVU CONSULTING challenge.” tyAdvisors.com for more acceleration curriculum, pursuit of my goal to Seiichiro Yamamoto, Brash, funny, info. We are national, so coaching from accredited visit and explore 100 of Tokyo, Japan, Executive Director Caroline inquire about opportu- investors and successful countries. I am about announces, “After 20 years Winnett, MBA 90, and Felipe nities in other markets founders, and a compre- halfway there and with AllianceBernstein Chavez, founder and CEO of and provoc- 1991 SkyDeck company Kiwibot Ekua (Anna) throughout the country. hensive, personalized hope to continue (AB), a U.S.-based ative, this Bannerman-Richter, out the 13th annual Just working mostly, investor readiness making progress.” investment management writes, “I’m in Tokyo, Accra International Mar- with occasional trips to fi rm, I retired. My unconven- enjoying the last day of athon (AIM), scheduled Palm Beach Gardens, positions included chair of my fi rst journey ever to for October 27. The Fla., but occasionally the board and CEO of AB tional advice Japan. I came to visit scenic AIM route runs assignments take us to Japan and global partner at book off ers fellow Berkeley Haas along the port city of other exotic real estate The Answer: AB LLP. I also served as a alum Rie Ota, a dear Tema (where East meets surroundings—like Maui! director of the board at the frank insight friend. Rie and her West at the earth’s zero Just spent a week at our Japan Investment Advisory hubby visited me some of longitude) and ends in favorite world-class hotel, “I moved forward senior Association for two terms. and hard-won years ago in Ghana, the capital city of Accra the Hotel Wailea, Relais My wonderful business where I’ve been living at the luxurious 5-star Erin Fray, of Seattle, & Châteaux, designated living development career can be attributed to wisdom about for the last 20 years or Labadi Beach Hotel, Wash., announces her the #1 hotel in all the the invaluable education I so. Playing tour guide to where we will celebrate Tsukasa Sato, of marriage last September in Hawaiian Islands. Check projects that fall well gained at Berkeley Haas. life’s chal- them motivated me to your achievement in Tokyo, Japan, died after a the Seattle countryside to it out. It’s awesome!” “In April, I kicked off explore more of my style. A run in the tropics courageous battle with “an extraordinary man, outside of conventional my next life pursuit: to lenges and native land than I’d ever is defi nitely not for every- cancer. Classmate Al Tom G. Reid.” Both avid invest in and support our need for seen before, and I was one, but it should be no Quintero writes: “It is skiers, they “spend their 1992 practices. These efforts the next generation of eager to make a recipro- sweat (sorry, couldn’t with heavy heart that we play-hard time outside, Brad Howe, of Los entrepreneurial startups both profes- cal visit to Tokyo. It’s resist) for intrepid entre- report the passing of shredding the mountains Angeles, acquired and are expected to provide or emerging artists and taken years, but the preneurs like Haasies. Tsukasa Sato. Tsukasa across the Far West—from relaunched his real estate athletes. I will also engage sional success sights and tastes of See you around the prime and his lovely wife, Jackson Hole to Snowbird, investment management distinct and new offer- with Japanese and Amer- Tokyo and Kyoto were meridian…” Manami, arrived in Alta, Snow Basin, Deer business as Broad- ican educational insti- and personal well worth the wait. I Berkeley in the summer Valley, Sun Valley as well shore Capital Partners, ings for older adults.” tutions. Of course, this look forward to a return Paul Chandler, of of 1987 as part of a as the Cascade Mountains. managing $2 billion of means I will be involved fulfi llment. trip someday. Lafayette, Calif., was contingent of students Their merged family now institutional real estate with and support Haas “Rie and I managed recently named the Val- from Japan, who all includes six adult children, investments. He adds, FRANK ROCKWOOD, MBA 93 and the network, both to Scott Galloway, to hook up with Alex uation Visionary award instantly endeared plus spouses and “My wife, Jill, and I have CO-FOUNDER, ROCKWOOD PACIFIC express my appreciation MBA 92 Pederson, MBA 12, winner for 2019 by the themselves to their signifi cant others, and two lived in Pacifi c Palisades and to re-engage with the courtesy of Collateral Risk Network, classmates. The training beautiful grandchildren, for 20 years. First child, excellent alumni commu- Marketing professor, Kwadwo Adjei-Barwuah, MBA which presents the he received at Haas making family gatherings Mackenzie, graduated nities going forward.” YU S S 12. Alex is due to visit award in recognition of served him well in a rich with roasted meats, from Northwestern Uni- B Kwadwo in Ghana in the person who demon- career in fi nancial love, and laughter.” versity in 2018. Second assessment. Since = early June, and Kwadwo strates leadership, services and global Her recent company child, Lochryn, com- launching the program, 1993 had planned to introduce innovation, professional- management that turnaround and growth pleted her sophomore they have been able to us then, but we couldn’t ism and one who strives spanned 30 years. Their initiative is in a new role year at Cal and will start support hundreds of miss the opportunity to better the industry passion for travel was as CEO for an ultra-pre- at Haas Business School global startup founders to break bread together for their peers. Paul is unmatched, and photo mium ice cream company as an undergraduate in across the world, from in Tokyo. Alex had just especially driven to push documentaries of the in the Pacifi c orthwest, the fall. Third child is a Azerbaijan, India, fi nished a 10-day bike his industry to protect places they explored were Acme Ice Cream—right junior at Harvard West- Singapore, Korea, Brazil, trip around Japan and the public trust. Paul is truly awe inspiring. up her alley for taking lake and would like to Chile, Mexico, Germany, was looking way too the founder and CEO Tsukasa was very proud high-quality food compa- attend Cal.” United Kingdom, and energetic, if you ask me. of Property Sciences, a to have embodied the nies through adolescence, Australia, to name just a Wonderful friendships— national commercial and Haas Defi ning Leadership she reports. Jeff rey Wallace, of few. Today, they are Leslie (Wilson) this is part of the endur- residential real estate Principles, particularly Oakland, Calif., has signifi cantly scaling the Widmann, of Hayward, ing legacy of my time at valuation, appraisal his goal of being a Adam Hardej, of teamed up with his business by partnering Calif., reports, “It’s been Kalman Deutsch, of 40 Berkeley Haas! management, and Student Always. We will Carmel, Calif., writes Global Kinetics partner with global startup an exciting year. I’ve Orinda, Calif., has teamed 41 “I invite all adventur- collateral due diligence miss our dear friend that, “BAAR Realty and fellow alum Kal accelerators, incubators, joined Northwestern up with his Global Kinetics ous Haas mates to check services fi rm. and classmate.” Advisors—family owned Deutsch, MBA 93, universities, and venture Mutual doing fi nancial partner and fellow Haas Berkeley HAAS SUMMER 2019 MBAs CONTINUED for Sustainability, Social Hawaii and the ocean, she up on each other’s lives. book’s list of 27 black “After two years of hard Responsibility, and returned to Hawaii and To stay in touch, join the founders and investors to work, in December I alum Jeff Wallace, Positive Impact program founded The Hoike Group, newly created Class of watch in 2019. Toney is graduated from the MBA 92, to launch an in Geneva this summer. an international growth 95 WhatsApp group by the founding managing Master’s in Information The Answer: online virtual startup Our oldest, Sarah, grad- management firm. Her contacting Laura Flores partner of Plexo Capital, and Data Science (MIDS) accelerator called Silicon uated from UC Berkeley clients were primarily (lfloresmahlergmail. which he incubated and program at the Berkeley “I encouraged coalition partners Valley in Your Pocket. (See in molecular and cell nonprofits, entrepreneurs, com) or Franziska Raede- spun out from Google School of Information. I above.) Kal has taken his biology and will work at and small businesses. She ker (fraedeker@alumni. Ventures, where he was now lead machine to welcome criticism as a sign of love of craft cocktails to the Gladstone Institute taught business, market- haas.org).” a partner. In May, Toney learning, statistical co-create and co-chair the at UCSF. We shared the ing, strategic planning, was also one of three modeling, and advanced commitment to advancing our mis- Art of Mixology craft graduation celebration social entrepreneurship, honorees recognized visualization work at cocktail competition, a with Stefano Paoletti, and capital courses at UC 1996 at the W.IN (Women Oncept Consulting. At sion rather than getting defensive. nonprofit fundraiser whose son, Marcus, took Berkeley, Hawaii Pacific in Innovation) Forum night, I work as a TA in pitting professional the same degree and also University, and to NY for his leadership in the MIDS program, Silence is disengagement, but there bartenders in their quest will work at UCSF. It thousands of CEOs diversity and inclusion. teaching statistics. I am to create the perfect craft has been six years since through CEO Space, an interested in learning can be synergy in discourse.” cocktail. “Cheers!” Susan and I co-founded international entrepreneur how your company our own company, Rock- resource community. An 1998 applies machine learning Shantanu Narayen wood Pacific, and we are active community Ann Hsu, of San in a business or educa- —MARY CHERYL BRAVO GLONER, MBA 08 was featured in an article honored to be playing volunteer, Kehau served on Francisco, writes, “Just tional context.” EXECUTIVE DIRECTOR, PROJECT SAFETY NET titled “An Acrobatic a role in development many philanthropic boards as my yogurt venture Ascent” in cient of several extraordinary and volunteered with was taking off in late Manufacturing, which senior living communi- numerous community 2017, riding the trend 1999 profiled his remarkable ties. Our whole family organizations, including Dave Burkett, of Los of Chinese consumers life journey to becoming loves and values being athletic, scholarship, Gatos, Calif., announces, seeking healthier and predicts that more than financial planning and Adobe CEO. The Economic part of the Cal commu- business, and community “After 23 years, I have more natural dairy one million species (on wealth management firm, Times of India named him nity. Go Bears.” service endeavors. taken the big leap to retire products, the whole land and at sea) are Redwood Grove Wealth the ‘Global Indian of the “She spent as much from Adobe. I feel so region of Xinjiang (far destined for extinction in Management. Time flies” Year’ in 2018. time as she could in fortunate to have joined as western China) where the coming decades. 1994 the ocean paddling her an MBA hire and played our factory is located fell Doing simple things can Art Altman retired one-person canoe and various executive roles in under tighter and tighter help minimize our 2000 several years ago from his communing with the por- one of the most amazing government control. negative impacts.” career in Palo Alto doing poises and sea turtles that growth stories in the Our factory was forced 20th Reunion The Answer: mathematical finance for frequently accompanied valley, working with to close. Since then over the energy industry. Art her. Kehau lived every day fabulously innovative a million Uighurs have Steve Peletz, of San moved to New York City to the fullest, enjoying teams and creative been sent to re-education Francisco, writes, “After 17 years of mostly and is now a high-end every sunrise and sunset customers. I’m so proud of camps, including some of “Driven by my passion Lionel Chocron was headshot/portrait pho- and every moment in Adobe’s business success: our own people. for the ocean, I have named chief product offi- direct outreach and word- tographer with a studio between, knowing that 10X increase in employ- “Since the closure of my committed significant cer of Hedera Hashgraph, in Chelsea. Refresh your a time bomb in the form ees, 28X in earnings, and a yogurt factory, I have taken time to assist researchers a crypto currency startup of-mouth business devel- LinkedIn headshot with of a brain tumor lurked 66X increase in the stock on a new role of full-time on two critical ocean built without using special rates for Haas in her head. She fought price over 23 years. caregiver to my octogenar- science projects: tagging blockchain technology but opment for my company, alumni (www.artmalt- back bravely for nearly “But now I am fulfilling ian parents, my chron- (and tracking) sharks with a different mathe- man.photography). three decades before a my life goal of taking an ically ill husband, and my underwater in Costa Rica matical approach called I decided to try video- new aggressive tumor early retirement. Cristina twin teenager sons (I’m using a spear gun and Allen Schoonmaker a directed acyclic graph. finally took her life. Her and I have a full agenda. homeschooling one of surveying marine life in reports, “After nine years Chocron was previously based marketing this 1995 kindness to others, her We’ll be traveling the back them). This job is just as Monterey, California. I of running corporate at Oracle, where he positive attitude, and her roads of the world, spend- challenging, if not more, have also launched marketing departments recently led its emerging year. Outcomes TBD.” 25th Reunion zest for life will be sorely ing quality time with kids than any I’ve had in 25 deepbluemonthly.com to here in Hong Kong, I am technology (Blockchain, missed. Her legacy will be and parents, restoring our years of professional and share my photographs joining a startup, currently IoT, AI) solution efforts the inspiration she gave health and fitness, taking entrepreneurial life. I’m and passion for the ocean in stealth mode, looking to across industries. —JEFF BAUM, MBA 99, MANAGING DIRECTOR, to so many to be the best classes and contributing learning a great deal about as well as some of the disrupt a billion dollar PROXI MANAGEMENT DECISIONS, LLC that they could be, both to boards. We hope to health care, education, critical problems humans industry. Looking forward Achim Dunnwald, in life and in business. connect with Haas friends elder care, and more—the have created in our to the startup intensity of London, U.K., joined Kehau is survived by her along the way.” stuff of life I’m also find- oceans. In addition to once again. Look for an Royal Mail in London in loving husband, Gregory ing time to audit a class at focusing on diving update here soon! March as chief strategy A. Berquist; her parents Dan Kihanya reports, Haas and volunteer with worldwide and scientific “Jennifer and the and transformation officer. Daniel I. and Marilyn E. “Excited to announce that the Cal Alumni Associa- issues, I plan to release family are thriving, with He writes: “I am looking Kali; her brother Keone I recently co-founded a tion Chinese Chapter. This info on what we can all my youngest, Alyssa, forward to applying my Graduation Day 2019: K. Kali and sister-in-law, podcast and blog high- all prepares me well for do to reduce our carbon graduating from primary experience from the years Stefano Paoletti, MBA 93, Cheryl Kali of Maui, and lighting exceptional tech the next phase of my life, footprints. Buying offsets and joining her older at DHL (most recently and Marcus Paoletti, BS many aunts, uncles, and founders from underrepre- which will be in public for air travel (in addition brother, Alex, at the Inde- as CEO Parcel) and 19 (molecular and cell Kristi Kehaulani Kali cousins.” Read her full sented backgrounds: service of some sort.” to traveling less) is one pendent Schools Founda- McKinsey to this great biology), with the Rockwood Berquist, known as obituary: haas.org/kehau. foundersunfound.com. thing we can do, but tion Academy in the fall company, as it embarks family: Francesco, MBA 93; Kehau to her many friends Classmate Franziska For my day job, I’m there are many ways to for secondary school here on a big change journey. Sarah, BS 19 (molecular and Francesco Rock- and family, died at her Raedeker wrote in to helping fellow alum Vijay mitigate the damage we in Hong Kong.” I also look forward to cell biology); Mary, BS 21; wood, of Orinda, Calif., home in Honolulu on say: “In memory and Bobba, MBA 97, build do. Oceans cover 71% of meeting classmates— and Susan Rockwood, MBA 89 reports, “Susan, MBA March 14, 2019, of an celebration of Kehau, a fintech in India: Wizely. the planet and phyto- Tanya (Shaw) Stein- where art thou?” 89, and I are grateful aggressive brain tumor. some 30 Berkeley Haas in. Living with my wife plankton in the ocean hofer, of Mill Valley, to have an opportunity She was 50. According to classmates gathered in and teenage kids in the generates 50% of the Calif., notes, “It’s hard to to celebrate several her obituary: “Kehau San Francisco on April 17 beautiful Pacific orthwest oxygen generated on believe it’s been 20 years 2001 milestones this year. Our began her business career (see photo above), and in the Seattle ecosystem.” earth. Yet, with plastics, since graduation, but I Sujai Hajela, who youngest daughter, Mary, with Visa USA as senior several more sent virtual fossil fuels, and fertiliz- was thrilled to re-connect co-founded Mist was accepted into the manager of travel and greetings. Those present ers, we are destroying with classmates at our Networks, a wireless 42 Berkeley Haas undergrad- entertainment enhance- raised a glass in the spirit 1997 ocean ecosystems and reunion in April. It’s also networking company 43 uate program and joined ment programs for the of aloha, renewed their Laurence “Lo” Toney Todd Young, of Los marine life to such a been 10 years since I powered by artificial its Business Innovation U.S. region. Missing friendships, and caught was named on Pitch- Gatos, Calif., announces, degree that the UN founded my independent intelligence, reports Berkeley HAAS SUMMER 2019 MBAs CONTINUED green tech. I’ve joined Jersey; and Durham, Software Motor as VP of North Carolina. For the that the company was marketing. Our revolu- past few years I have been acquired by Juniper for tionary motor systems living in Northern $405 million. reduce the electricity Michigan helping my consumption of buildings partner take care of her Peter Li, co-founder of and infrastructure by elderly father. I took San Diego-based biotech more than half. One of advantage of the serenity company Turning Point our initial focus indus- of the north woods to Therapeutics, reports that tries is agriculture, so in fi nally write that book the company went public addition to electric about networking that in April. Turning Point, motors and HVAC course, limited sleep time. has been emerging after which off ers targeted systems, I’m learning all “At work things have all these years of speaking NETWORKING cancer therapies designed about dairy cows, milk been busy too. I work for on the topic. I am excited FOR LIFE to address treatment production, animal ON Semiconductor, the to announce that Helpful: resistance, announced health, and methane same company I joined A Guide to Life, Careers, and that its gross proceeds capture. It’s been so right after Haas. Right the Art of Networking was from the off ering, before gratifying to feel like my before our baby arrived, published this spring. I deducting underwriting work is really doing good I took the position of wrote Helpful for us. It’s a discounts and com- for the world. general manager of Cloud book about networking, missions and off ering “I also recently starting Power Solutions, a divi- life, satisfying careers, expenses, were approxi- writing again, focusing sion that develops power and how to build great mately $191.5 million. on areas where I feel I semiconductors for the teams. My hope is that can best help people. In cloud infrastructure.” Helpful enables people to February, I published a build more satisfying blog post on purposeful careers while also creating resume writing, based a positive shift in how we on my 20 years of hiring engage with one another, people; it was shared professionally and more than 10,000 times. otherwise. It grew out of I got dozens of emails my amazing experience from people thanking during my time in school me for my guidance, awakening to—and including several U.S. immersing myself in—the A manifesto military veterans who Haas Alumni Network. Peggy Wu writes, “After had struggled to reposi- But I also saw how about how we six years in Singapore, we tion themselves for the Karl Pisor writes, powerful a network could will be moving back to the private sector.” “Hello from Tokyo! be.” Get a taste at should treat U.S. this July, to Charlotte, Recently started a new heatherhollick.com/ N.C.! John got promoted consulting business line books/helpful. one another to a global role with Wells 2003 for SMEs using the Fargo, providing the Scott Cheeseman, of Entrepreneurial Operat- and a practical perfect bridge to bring us Sonoma, Calif., updates: ing System. I continue to 2005 QUESTION THE The devastation of Hurricane Katrina in 2005 led to what structural engineer Kate how-to guide closer to our families in “Late last year my com- enjoy meeting and STATUS QUO the Northeast. I look pany, Direct Urgent Care, working with Japanese 15th Reunion Stillwell characterizes as a professional crisis. “What good are safe buildings if no for building a forward to starting a new merged with the tech- business owners and one sticks around to live in them?” she questioned. Soon after, she learned about chapter in a city that I’ve nology company Carbon helping them to achieve professional never visited but have Health Technologies to their dreams. Classmates parametric catastrophe bonds—insurance policies that pay out to businesses when heard great things about. I become a leader in the may remember my KATE natural disasters meet certain prede¡ined parameters—in Prof. Dwight Jaffee’s Real network. Help- will leave behind my fi eld of health care disrup- daughter Leia at Haas current position as head of tors. Operating under the parties—she’s 19 now STILLWELL Estate Finance class. “We need micro ‘cat’ bonds for individuals,” she thought. ful grew out marketing Asia Pacifi c for name Carbon Health, we and a freshman at Aviva Investors and plan to deliver a uniquely seamless Arizona State. Time does While that idea percolated, Stillwell co-founded need: lost income, temporary housing, medical or of Hollick’s look for a new role after experience from virtual fl y Don’t hesitate to MBA 07 Global Earthquake Model (GEM), a nonpro¡it that elder care, and more. It also provides economic settling into the new city. I care to in-person care reach out if you’re collects, generates, validates, and shares reliable stimulus to help the larger community recover. immersing would love to connect with to meeting our patients coming through Tokyo.” Founder and open earthquake risk data. Her work introduced her Currently Jumpstart, which is underwritten by herself in the Haas alums and meet new where they are. This to reinsurance companies that bankroll corporate Lloyd’s of London, operates only in California, friends in Charlotte unique positioning helped CEO, Jumpstart parametric catastrophe bonds. but aims to extend earthquake coverage nation- Berkeley Haas (peiyiwu1024@gmail. us to secure a new round 2004 Yan Chow, of Orinda, In 2015, she co-founded Jumpstart, the nation’s ally and internationally, as well as offer ¡looding com). I hope to see some of fi nancing with Brook- Calif., reports, “In 2016, I Oakland, Calif. ¡irst purely parametric insurance, to provide insurance. It has a Bene¡it Corporation designa- Alumni of you in 2020!” fi eld Ventures as the lead joined Amgen (Thousand immediate ¡inancial payouts to individuals tion, which stipulates a social mission to increase investor. As the company’s Oaks, South S.F.), a impacted by earthquakes. ¡inancial resilience of communities. “That gives Network. new COO, I have been leading biotech, to help BY NANCY For a small monthly fee ($23 in Oakland, Calif., us ¡lexibility to make decisions to advance the 2002 excited to open many new guide the digital health/ DAVIS KHO for example), Jumpstart customers whose insured public bene¡it, not solely to maximize pro¡it,” Heather Hollick, clinics in 2019—hopefully digital medicine eff ort, location experiences a pre-de¡ined level of shaking Stillwell says. we will have a clinic com- refl ecting a larger receive $10,000 deposited into their bank accounts MBA 04 ing soon to a neighbor- industry-wide push to within days. The money can serve any immediate linkedin.com/in/stillwellkate Leadership, career, hood near you!” incorporate real-world and life coach evidence into drug

Roberto Guerrero, development. I ran several ELLIS DAVID PHOTO: CONNECTIONS of Hayward, Calif., Heather Hollick, of virtual trials, investigated Stillwell credits The Batchery, an accelerator led by Berkeley The Takeaway announces, “Last Septem- Traverse City, Mich., technologies like wearable alumni, with helping Jumpstart connect with the Berkeley Stillwell says every earthquake ber my wife, Samira, and reports, “Since graduating sensors and conversational Angel Network and crucial angel funding. “My Haas expe- kit should include a solar phone Eric Meyerson, of San I were blessed with our I have had the opportu- interfaces, and worked on rience, not just in the classroom but relationships with charger and a list of key phone 44 Francisco, announces, “In fi rst child, Alonso. Our nity to live and work in a strategic roadmap for classmates and faculty, rooted in me the con“idence to make numbers. No need to store water if 45 February, I made my lives have been full of joy, London, U.K.; Ontario, digital biomarkers. I found decisions that are good for the business and good for the com- your building or house has a water long-desired move into excitement, and, of Canada; Princeton, New Amgen to be a great munity in the case of natural disaster,” Stillwell says. heater—it will offer plenty. Berkeley HAAS SUMMER 2019 MBAs CONTINUED at Nauto, was named a solar industry is still national wholesale and for our team and clients,” porate development for 2019 Automotive News growing at a decent clip retail markets. Her rare he said. Wilson had the performance nutrition company, and my amazing Rising Star and featured due to the 30 percent tax made-in-California art- been serving as Adobe’s division of Ireland-based colleagues were of the in a special section in the credits extended by the wear venture is finding its VP of advertising. He Glanbia, Plc, the opportu- highest caliber. April 1 issue of Automo- prior administration. Both niche, competing strongly co-founded TubeMogul nity to study on campus “In May 2019, I moved tive News. The accolade the large-scale utility solar against high-volume, low- with John Hughes, at UCD, network with to Automation Anywhere honors U.S.-based auto farms and the smaller cost printed clothing.” who serves as Adobe’s Irish and other interna- (San Jose), an industry executives under age 45 scale commercial and VP of product and engi- tional classmates, and pioneer and leader in on the manufacturing and residential solar installa- Steven Huang, of neering advertising. Read meet with various leaders robotic process automa- supply side of the auto tions will grow year-over- San Francisco, notes, more about Wilson’s from the Irish public and tion (RPA), accepting industry who display the year, generating more jobs “Two recent moves: Our groundbreaking career: private sectors provided a role as health care talent and dedication nec- in 2019 than in 2018. brokerage business is haas.org/brett-wilson. both leadership develop- anniversary at Capital at McKinsey, married the industry lead. RPA uses essary to become industry “In addition to man- now at a new office at 580 ment and deep exposure One, based in Richmond, love of his life, Lydia, and software bots to perform leaders of tomorrow. aging the North America 4th Street in SoMa, and to European markets. Not Va. “I’m focused on moved into a new house. manual, often rules- Nauto is an AI-technol- product marketing of the we moved back into our 2009 to mention an opportu- transforming customer He writes, “Now starting based, computer tasks, ogy company working leading solar manufac- condo in the Mission after John Pettus, of San nity to stop in a couple of and associate experiences to think of the next freeing humans for higher to improve the safety of turer in the world, Trina an extensive renovation Francisco, announces, pubs in Dublin for a pint through innovative new project to sink my teeth value activities. The next commercial fleets today Solar, I am managing project. Our twins love “This summer my team or two of Guinness!” technologies,” he into (any social entrepre- generation of bots lever- and the autonomous the rollout of the new their new bedrooms!” released a beta of Fiskkit. ages cognition, context fleets of tomorrow. TrinaPro and TrinaHome com, a system for online recognition, and artificial solutions. These are news discussions that 2010 intelligence. Like other one-source system-level 2007 lets readers comment on industries, health care is 2006 solutions for the utility individual points in the 10th Reunion The Answer: in dire need of sustainable Jerome Del Porto, scale and commercial/ article. The system ‘is re-engineering, and auto- of Dallas, Texas, joined residential market seg- designed to elevate public “I rethink philanthropy by making mation will undoubtedly Walmart as head of inter- ments enabling easy, risk- discourse’ instead of drive play a key role. Contact national strategy. free, and high-quality clicks. As a by-product, micro-donations to smaller charities me if you are curious solar installations across the conversation allows about software bots or the US and Canada. us to: 1. fact-check all where I can see immediate impact. A Automation Anywhere! “This year has been online news in real time ([email protected]). amazing, with our trea- (no joke), 2. let users filter recent $7,000 gift to a Ghanaian orphan- “The kids are great. sured daughter graduat- trolling, harassment, and Two are launched and ing with a best-in-class abuse (vital for women, age provided schooling, food, and more one is almost there, performance at Valley David Saxe, of San PoC and LGBTQ), and 3. so my wife and I are Christian High School Francisco, reports, quantify the improvement independent living space.” enjoying the empty nest. and initiating her career “Calvera Partners, a San in student critical think- We are traveling when in medicine at Northwest- Francisco-based real ing. I’d love to hear from Srinivas Avasarala, of we can, and I have more ern University. Our ‘coder estate investment firm any Haasies interested in Palo Alto, Calif., reports, —ROCHELLE WEBB, EMBA 14, CEO, OPTIMIST MADE time to attend to diet guru’ son just graduated founded in 2010 by misinformation, public “I started as VP of and exercise. I’m also Gautam Ghose, of from his junior high to Brian Chuck, Brian discourse, or education products at Balbix, a San continuing to mentor Milpitas, Calif., writes, step into the high school Milovich, MBA 06, at contactfiskkit.com. Jose-based venture- startups at Berkeley, “#GoGreen! Despite the combat arena and prep and me, recently Changing how the public backed startup delivering Stanford, and Sacramento best efforts by the current for his college journey. launched its next processes online informa- an AI-powered approach explains. “Kristen and I neurship folks out in my free time. This is a federal administration to My lovely wife, Joyita, is investment opportunity, tion is an ambitious task, to enterprise cybersecurity recently welcomed our there?). Say hi if you’re new phase of life, much hobble the globally excelling in her artistic the Calvera Multifamily and we’d love to get you posture transformation. third child, Vivienne, passing through of it yet to be explored.” burgeoning renewable entrepreneurship venture, Transformation Fund. involved. On the personal Drop me a note if you are joining older sister Louisa London—drinks on me.” energy industry by successfully ramping her The fully discretionary side, I went ‘senior’ from interested in this topic and and brother Alex.” implementing tariffs and hand-painted Poshaq real estate investment the Guardsmen of San I’m happy to share our coal subsidies, the U.S. silks business across fund, our third, will Francisco, but can still vision and solution.” Dinesh Moorjani, of 2012 provide accredited be found selling Christ- Belmont, Calif., reports, Nick Caldwell is chief investors with direct mas trees down at Fort Deepak Goel, of “I co-founded a boutique product officer at Looker, access to attractive, Mason every December Folsom, Calif., updates, investment bank three a business intelligence hard-to-find opportuni- to send at-risk kids to “I have been gradually years ago focused on software and big data The Answer: ties in growing markets summer camps.” building KarmaCircles MA and private financ- analytics platform by acquiring and over the last couple of ing advisory for emerg- acquired this month by “I helped create a frame- repositioning apartment Adam Skibley, of years, and I’m proud to ing growth technology Google for $2.6 billion. communities using Chicago, writes, “Missed say we’ve put together a companies in the mobile, Caldwell was previously work for identifying and inspiration from the joining fellow classmates very impressive tech- enterprise software, and VP of engineering at Razab Chowdhury, of boutique hotel industry. back on campus for our nology team. Now that digital media markets. Reddit. In an interview Fremont, Calif., notes, assessing emerging Our strategy has 10-year reunion but the heavy lifting of It has been a bit of a with Black Enterprise, he “After three years at provided investors with heard some good stories. the core KarmaCircles roller coaster ride, but says, “I find the greatest Slalom Consulting, I venture managers, which long-term cash flow and It sounded like a great product is pretty much I’ve enjoyed the thrills fulfillment in building decided it was time for superior risk-adjusted weekend of reliving old done, the tech team has of being an entrepreneur an organization where new challenges. Joining has led my ‚irm to invest investment returns.” memories and making some bandwidth to take and deal making. On the employees can learn, Gartner Consulting some new ones. I did, on a couple of projects personal front, being a grow, and achieve their where I will have a in a greater number of Brett Wilson, TubeMo- however, recently relive a to build products for dad to my 2 1/2-year-old full potential. Leaders chance to reconnect with gul co-founder, has left bit of the classroom envi- other companies. So, I daughter, Harleen, has must create new leaders.” Kat Evans and female and minority- the business two-and- ronment as a participant have started a product been the best thing ever, Graham Passey. To a-half years after it was in the University College studio, which provides and she is growing up to Prateek Gera, the celebrate the transition, I led venture ‚irms.” acquired by Adobe. In an Dublin (UCD) Smurfit high-quality software be a funny, sensitive, and CEO and founder of went ahead and knocked interview with AdNews, Graduate Business development services at thoughtful little lady.” ramp.digital and a former off Angels Landing Wilson said the time felt School’s Executive Devel- a very reasonable price. executive at HP, Cisco, (Zion) from my hiking —LAURA ANDRON, BS 03, MBA 12 right to leave the digital opment Senior Leader- More details at www. and relayr, became VP of bucket list.” MANAGING DIRECTOR, HALL CAPITAL PARTNERS advertising platform: ship Programme entitled productstudio.us. 2011 product at Kontakt.io in 46 “We created lots of “Building the Growth Hamza Khan, of Lon- March, after it acquired 47 Jennifer Haroon, shareholder wealth, and Enterprise.” As vice pres- Erik Kiewiet de Jonge don, U.K., has had a busy ramp.digital. Gera will chief operating officer Adobe is a great home ident of strategy and cor- marked his two-year year: elected partner focus on Simon AI, Berkeley HAAS SUMMER 2019 MBAs CONTINUED cated back to California with the position of Kontakt.io’s end-to-end global director, industries VENTURED, GAINED IoT (Internet of Things) marketing with SAP solution that provides customer experience. industrial operators and This role brings me back Sydney Thomas, MBA 16, a senior asso- plant managers with to the manufacturing ciate at San Francisco-based Precursor IoT data and AI-driven customer base, stirring recommendations to pre- up old passions, as I had Ventures, was named to the inaugural vent accidents, increase started my career with HBCUvc 31 Under 31 List showcasing productivity, optimize manufacturing.” utilization, and gain talented black and Latinx members of operational efficiencies. Toby Sun was named the venture capital community. HBCUvc on Business Insider’s list Arun Shekar, who of 10 transportation is a nonpro¡it leadership development recently started the leaders changing how and training program in venture capital search fund Redwood the world gets around. Growth Partners, was Sun co-founded bike- and available to students attending select profiled earlier this year scooter-sharing startup historically black colleges and universi- in The Times of India. Read Lime with Brad Bao, it at haas.org/shekar. MBA 05. The article ties and Hispanic-Serving Institutions. notes that Lime’s bikes and scooters can be 2013 found in more than a Stephanie Lawrence dozen countries world- announces, “I just moved wide and in more than back to Berkeley with 100 U.S. cities. my family, now with two children (10 months and 2 1/2 years). We’re 2014 excited to be back and Adam Chopko, hope to reconnect with of Mountain View, others. I continue to Calif., after four years love building Traveling at Livongo helping Spoon, the company I empower people with founded with Aashi chronic conditions to live has now moved to lead Bay Area. I’m excited to Vel, connecting travelers better and healthier lives, product at ClassDojo, tackle these new duties with local food experi- is now senior director of another education app and push forward the ences in people’s homes business development for teachers and parents, conversation around CONFIDENCE Noah Deich wants to speed up climate action. His vision? around the world. We and strategy, focusing used by over 60 million diversity, inclusion, WITHOUT have recently expanded largely on leading strate- people around the world. equity, and belonging in ATTITUDE Scrub carbon from the air—and make a big business out of it. to a number of new des- gic clinical and product “For folks in similar roles, tech as well. tinations, from Tulum, partnerships as well as or if you’re interested in “We just had our third Deich co-founded Carbon180, an NGO that champions carbon-removal Mexico, to Croatia, and corporate development talking about product child, Maxwell Timothy solutions three ways: by convening scientists seeking solutions, lobbying now have experiences in and M&A. management, education, Middleton, a few months NOAH policy makers, and hosting an accelerator for carbontech entrepreneurs over 150 cities around or building products back, and we took him, whose innovations turn trapped carbon into valuable commodities, such the globe, from Europe for parents or teachers, his brother Christian, DEICH as fuels, animal feed, fertilizers, and diamonds. Waste CO2 emissions, for to Asia to South Amer- please get in touch!” and his sister Malaika example, can be injected into concrete during mixing, reducing the carbon ica. If you’re looking for to Maui and Honolulu impact from cement, the world’s second-largest industrial source of CO2. any advice for upcoming as a family. Beach time, MBA 15 Sequestering carbon in soil can make agriculture more pro¡itable. travels, I hope you’ll 2015 snorkeling, phenomenal A McKinsey study found that industrial carbontech solutions can remove reach out!” sunsets, and luaus are Founder and an estimated 10% of global carbon dioxide emissions. Carbon180 esti- 5th Reunion good for the soul. mates the annual market for carbontech would be $1 trillion nationwide “I’ve started on the Executive Direc- and nearly $6 trillion worldwide if waste carbon was used in all products board of the Silicon Val- currently using fossil fuels as an input. ley Education Founda- tor, Carbon180 Before earning his MBA, Deich spent nearly a decade consulting for Andrew Lee, of tion and have continued commercial, government, and nonpro¡it clients on energy and environ- Noa Elan, of San New York City, joined my volunteer work at Oakland, Calif. & mental policy. He came to Haas to gain the acumen to make economy-wide Francisco, writes, “We’re MIRROR as VP of Streetcode Academy transformational progress. “What motivates policymakers are jobs and the now 11 Haasies at Lyft— growth. MIRROR offers and College Track. This Washington, D.C. economy,” Deich says. “We want to help them explore how the economy of the across Denver, Cleveland, the world’s first nearly aligns with my goal of future could include carbon sequestration and clean energy.” the Rockies, SoCal, S.F., invisible, interactive getting 100 black and On a local level, Deich advocates spreading awareness. “Everything from and Vegas! We try to home gym featuring live brown underrepresented BY KATE MADDEN YEE the food we eat to the clothes we wear can be grown in a way, essentially, meet up for happy hours and on-demand fitness folks employed in the that sequesters carbon,” he says. “There’s an opportunity to start dialogues Paroma Sen, of Palo once a quarter and classes in a variety of tech industry by 2021 and encourage the people who are ultimately selling products that this is Alto, Calif., updates, “Six exchange random high workout genres. Learn (I’m 10 percent of the important to their customers.” years in India were a wild fives in the hallway. On more at www.mirror.co. way there).” ride—I started with a March 29, Lyft went linkedin.com/in/noahdeich year in philanthropy, public, and we celebrated Brandon Middleton, Brian Ross, the another year with together at 6:00 a.m. in of Union City, Calif., co-founder of Infrashares, startups, a couple of the office, before our updates, “I’ve been at a crowdfunding platform CONNECTIONS CLIFFORD CAYCE PHOTO: years in e-commerce founders rang the bell.” Slalom Consulting for that helps raise private An internship with Haas alumni at venture capital “irm The Takeaway heading marketing and a little while but have investment in infrastruc- Prelude Ventures showed Deich that VC return timelines Discover your carbon footprint content, and then moved Tom Pryor, of Oakland, recently been given ture, was named one of 48 were too aggressive for his idea. Instead, Carbon180 earned via UC Berkeley’s CoolClimate back to B2B marketing Calif., after six years at responsibility for busi- California’s top young 49 a year of seed funding from Berkeley’s California Institute Network: https://coolclimate. with SAP in India. the nonprofit education ness development, sales, professionals for 2019 for Energy and Environment and sought angel investors. berkeley.edu/calculator “This February I relo- website Khan Academy, and partnerships in the in the architecture, engi- Berkeley HAAS SUMMER 2019 MBAs CONTINUED with Anna Lee, BS 13 adventures in the and other accredited strategic initiatives. She up for our honeymoon. “Also, I accepted a full- wife and sister-in-law (mechanical engineer- mountains and had the investors as potential is survived by a husband It was an adventure, and time teaching position with, a line of artisan- neering, and construc- ing), was endorsed by opportunity to purchase investors in my fund. I and young son. we wouldn’t have it any at Loyola Marymount made, eco-friendly, tion community by Engi- Mozilla through its our fi rst home” would love to have the other way!” University as a profes- fair-trade sneakers: haas. POWERFUL neering News-Record. Ross Valentine’s Day guide as Berkeley Haas alumni sor of marketing and org/imam-kickstarter. COMMENTARY was a platoon leader a model of a company Kristoff er Belau, of family along for the jour- 2011 entrepreneurship. LMU This was a labor of love deployed to Afghanistan going ‘above and beyond’ Saratoga, Calif., updates, ney! Please reach out to Derek Andersen was is an exciting place, con- and lots of hard work. and personally led more when it comes to pro- “I have been promoted to [email protected].” appointed CFO at Snap stantly challenging the Not only are these than 30 combat engi- tecting users’ privacy and VP, digital media, at Fire- in May. Andersen had status quo and fi nding sneakers completely neering missions. security. Said Mozilla’s wood Marketing, a nearly served as the company’s innovative ways to bring sustainable and eco- write-up of the com- 300-person full-service 2018 vice president of fi nance. real-world applications friendly, they’re helping Brendan Shanahan, pany’s smart vibrator: marketing agency with Ganesh Srikumar, of into the classroom. It revive a traditional of Chicago, reports, “In ‘They are upfront on clients that include Goo- San Francisco, started a is exactly where I need craftsmanship of February, I left my role their site about how they gle, LinkedIn, Facebook, new job and role: Lead to be, and it has already embroidery and putting in San Francisco as vice treat data, personally Airbnb, Salesforce, and Privacy at Coinbase Inc. been an inspiring ride it on sneakers for the president at real estate identifi able information, more. Firewood and its every step of the way.” fi rst time.” private equity fi rm Pacifi c and threats to security. founders were wonderful Rupam Shrivastava, Coast Capital Partners They encrypt their data- and supportive while 2019 of San Jose, Calif., to open a new Chicago bases, fully anonymize I attended Haas and I reports, “I am currently 2015 2018 offi ce for Annaly Capital user information, have am proud to be part of 1st Reunion managing ePlanet’s Management, a publicly designed their product such a great company. I latest quant investment 5th Reunion 1st Reunion traded mortgage REIT. with built-in informed look forward to continu- fund launched in 2017. I will be leading deal consent when it comes ing our track record of We invest in publicly originations across the to syncing data with the performance and building Vijay Madhavan, of Daniel Kimble, of traded U.S. tech stocks. I Midwest for Annaly’s app, and have thought out our media off ering as Belmont, Calif., writes, Castro Valley, Calif., would love to talk to deeply about threat a best-in-class agency.” “I head product manage- updates, “My company, like-minded folks in the 2016 PHD An observant, modeling. It’s honestly ment for Walmart’s dig- Resonance Executive business and exchange Alejandro Maldo- refreshing to see a Ace Patterson, ital video service, Vudu. Coaching, has greatly market views and nado, of San Jose, Calif., eloquent, and company take privacy and of Berkeley, Calif., For the past two years, expanded in recent years. investment strategies. I and Mani Kannappan 1972 security so seriously.’ “ announces, “I got a new it has been a great expe- We now have clients continue to follow my launched their proptech Charles Snow, of brutally hon- role at Facebook leading rience being part of the across the world and a goal of traveling to three startup, at HUM, the Eugene, Ore., writes, marketing operations for evolution of Walmart’s staff of more than 100 diff erent countries each “world’s fi rst AI interior “I was a student of est memoir by 2016 Messenger and WhatsApp. digital strategy. I have executive coaches year. For 2019, I visited designer that disrupts former Haas Dean a former hard Amrit Acharya, My latest album, Airplane grown my team and delivering our services. Oman, Belgium, and virtual home stagings Raymond Miles, who of Bangalore, India, Mode, was released in late recently hired a Haas My fi rst book,Unshakeable Netherlands.” by making them fully passed away recently. laborer who announces, “In 2018, I March 2019 and debuted MBA. The media and In uence Mastering the personalized to each He and I co-authored left my job at McKinsey’s in its fi rst week at 3 on entertainment industry is Inner Game of Leadership, homebuyer’s style and the classic management never gave up Palo Alto offi ce and the iTunes Top 40 U.S. in the middle of a major was published in April. 2014 needs,” he writes. “Our book, Organizational moved back to India to Hip-Hop Album Chart transformation. I’m The book targets senior platform helps home- Strategy, Structure, and his dream of start a company: Zetwerk as well as at #50 on the looking forward to what’s executives who are buyers understand a Process, in 1978. I retired (zetwerk.com). We are Billboard R&B/Hip-Hop ahead. Commencement looking to up their property better, exploring as professor of strategy an education SUGAR-FREE SHAKE-UP a platform for custom Album Sales Chart!” was a great experience leadership game with the it through immersive, and organization at Penn manufacturing. Excited for my family. My 9-year- aspect that matters the fully adaptive visuals to State in 2012. Currently, and is now one to share that we recently old daughter walked with most: The Inner Game of help them achieve the I chair the board of of Asia’s best- Samantha Tannor, MBA 20, was named announced a $9m Series me and enjoyed the day Leadership. I’m excited full potential of a space, directors of the Organi- A from Sequoia Capital, at Berkeley.” to bring our executive just as if they had their zation Design Commu- known fi nan- one of seven entrepreneurs shaking up Accel, and Kae Capital. coaching protocol, along own personal interior nity, an international the world of food byForbes for her sug- Would love to collab- with highly practical tips designer. On the other community of schol- ciers. With a ar-free matcha concentrates. As part of orate with other Haas BCEMBA/EMBA and techniques, to a side we help homebuild- ars and practitioners alums as we scale. I broader audience. Want Rochelle Webb, of ers sell properties faster dedicated to advancing foreword by Berkeley’s LAUNCH, a startup accelera- got married in 2018 to to navigate offi ce politics Redondo Beach, Calif., by building powerful the theory and practice Haas Professor tor, she’s selling Tannor’s Tea on Ama- my longtime partner, 2005 in a way that feels good writes, “2018 ended with emotional connections of organization design. Sharanya Haridas.” to you and maximizes a bang! I closed out the with their customers. We Ray Miles advocated the Emeritus zon and in cafés around Berkeley. 15th Reunion your infl uence? Want to fi rst quarter of my new are excited to share this integration of theory and Michael Young, of optimize your mental and venture, Optimist Made, with the Haas commu- practice throughout his Janet Yellen. Oakland, Calif., reports, emotional leadership a socially conscious nity and off er discounts career, and it has been “After several successful game? Improve at venture that gives to alumni (visit athum. my pleasure and honor Commercial Real Estate startup launches, I delegation, coaching, and creators, makers, and com or email hello@ to work toward achiev- Weijian Shan, Group while also build- decided to start an 2010 mentoring others? Lots designers in the fashion athum.com).” ing his vision.” PhD 87 ing out a team as the early-stage venture of practical tips: haas. industry around the Chairman and CEO, business grows. Despite capital fi rm. It’s my fi rst 10th Reunion org/daniel-kimble. world a chance at scaling PAG G Mother Nature trying to fund! So, it’s a fun and “In August 2018, I their businesses. 2017 2012 impede our cross-coun- exciting new challenge. married my beautiful, Optimist Made has Boris Albul (also try drive with snow and Investing in Deep Tech wise, and amazing soul- created a marketplace MFE 04) joined EPIQ avalanches shutting and Enterprise SaaS, I’ve Natalie Vonja mate on the big island of that curates their Capital Group as chief down I-80 and I-70, my Shadie Andraos, of built a portfolio of Mincek Bates passed Hawaii. It was a purpose- products and activates investment offi cer. He wife, Lindsey, daughter, Denver, Colo., reports, companies valued at away on April 3, 2018. fully small and romantic merchandising and will lead macroeconomic Amelia, dog, Buckley, “My partner and I made $400M+. We help She was a driving force wedding just for us, marketing support to win research, investment and I all arrived safely the move from Oakland founders build a strong, behind the acquisi- with only my 9-year-old the products greater analysis, portfolio con- in Chicago in March. to Denver, where Dana high-performing, tion of the Sorenson son, Indiana, present. I visibility. A portion of struction, and risk man- Excited to meet some took a role with the City inclusive culture Molecular Genealogy proposed to Marianne on the profi ts is donated agement for EPIQ clients. Haasies here!” of Denver and I contin- strategically and Foundation by Ancestry Crown Beach, so getting back to charities in the Earlier in his career, ued in my role with intentionally from the and helped oversee the married on the beach in countries where these Albul served as a fi nan- James Wang forwards Deloitte Consulting. beginning to achieve launch of Ancestry’s Hawaii was perfect. And, artisans were discovered. Mohsin Imam, of cial economist in the risk the following: “My While we miss lovely fi nancial outperformance. DNA testing product, it was such an earth-shat- We are gearing up for the Fremont, Calif., and policy analysis unit 50 SkyDeck company, Lion- California, we have “I’m looking to con- serving as senior director tering marriage that company’s fi rst round announces, “Launched a at the Federal Reserve 51 ess, which I co-founded enjoyed our new nect with family offi ces of AncestryDNA and Hurricane Lane showed of fundraising. project I was helping my Bank of Boston. Berkeley HAAS SUMMER 2019 Leo Helzel, MBA 68, LLM Leo Helzel, 70, an honored faculty MBA 68 member who guided the ————————— school’s ¡irst forays into PHOTO: PEG SKORPINSKI entrepreneurship and was loyal Haas a dedicated and gener- IN MEMORIAM supporter, first ous supporter of Haas for entrepreneurship decades, passed away March 21 at age 101. Prof. Emeritus Mark Rubinstein teacher Helzel’s history at Haas ————————— includes a series of ¡irsts. He taught the business financial engineering pioneer school’s ¡irst entrepre- neurship class—one of the Former Dean Raymond Miles Mark Rubinstein, a ¡inance professor emeritus whose ¡irst such courses offered ————————— work had a profound impact on Wall Street by forever at a U.S. business school. trailblazer in strategic management changing how ¡inancial assets are created and priced, He was the ¡irst chair of died May 9 in Tiburon, California. He was 74. the Haas School Board, Rubinstein was best known for his contributions in and he was the ¡irst Haas Raymond Miles, a former Berkeley Haas dean and options pricing as well as the development of the ¡irst instructor to be honored professor emeritus whose leadership has had a deep exchange-traded fund. A quintessential Renaissance with an adjunct professor and lasting impact on the Haas campus and commu- man, his intellectual curiosity led him to acquire an emeritus title upon retire- nity, passed away on May 13 in Albany, California. impressive knowledge of Shakespeare as well as ancient ment in recognition of his He was 86. Greek and Roman history. nearly 40 years of service. Miles is credited with growing the school’s thriv- After earning a bachelor’s degree at Harvard, an MBA Helzel was also instru- ing alumni network, securing a campus that invites at Stanford, and a PhD at UCLA, Rubinstein joined the mental in establishing the school’s entrepreneurship community, and hiring prestigious faculty members Haas faculty in 1972. program. In addition to teaching, he provided the fund- who have included two Nobel Laureates. As a scholar, His research efforts focused on options markets, ing to endow the Leo B. and Florence Helzel Chair in he was a trailblazer in strategic management, de¡in- which had just begun trading in Chicago. In 1979, work- Entrepreneurship and Innovation in 1986. He worked ing human resource management styles commonly At top: Deans William ing with John Cox and Stephen Ross of MIT, he devel- closely with then-Dean Richard Holton to create the taught today. Hasler, Raymond Miles, oped the Cox-Ross-Rubinstein Model for valuing a wide business school’s Lester Center for Entrepreneurship Born in Cleburne, Texas, in 1932, Miles became and Richard Holton at the range of complex options. The model contributed to the and Innovation, which opened in 1991. interested in management while working nights for Haas building dedication, growth of derivatives around the world and remains one Helzel summarized his entrepreneurial verve and the Gulf, Colorado & Santa Fe Railroad to pay his way May 22, 1995. of the most important valuation tools on Wall Street. A lifelong learnings—alongside wisdom from the CEOs of through the University of North Texas. After earning subsequent book, Options Markets (with John Cox), made the Gap, Bank of America, and Williams-Sonoma—in his an MBA at UNT and a PhD at Stanford, Miles landed option-pricing theory accessible to a broad audience. 1995 book, A Goal is a Dream with a Deadline: Extraor- in Berkeley in 1963. During his career, he became an In 1981, Rubinstein joined with Haas Prof. Emeri- dinary Wisdom for Entrepreneurs, Managers, and Other early pioneer in thinking about how companies could tus Hayne Leland and Haas Adjunct Prof. John O’Brien Smart People, and donated the proceeds to Haas. align their strategies with the goals they were trying to form Leland O’Brien Rubinstein (LOR). The ¡irm grew A Depression-era child who came from humble begin- to accomplish, and his breakthrough 1978 book, Orga- rapidly, and in 1987 the three founders were named nings, Helzel ¡lew as a navigator on Navy planes during nizational Strategy, Structure, and Process, has among Fortune’s Businessmen of the Year. LOR developed World War II and later launched successful careers as become a classic in the management strategy ¡ield. a risk-hedging algorithm called “portfolio insurance,” an accountant, lawyer, and entrepreneur. He taught As dean of Haas between 1983 and 1990, Miles the strategies of which are still used by traders today. international business at Berkeley starting in 1967 commissioned the design of what is now the Haas LOR then pioneered the SuperTrust, an S&P 500-based while simultaneously taking MBA courses, completing campus and helped secure the then-largest gift in fund that traded as a single security—which in 1992 his degree at age 51. He then earned his master of laws UC Berkeley’s history to build it. By growing the Cal became the ¡irst exchange-traded fund (ETF) in the U.S. (LLM) from Berkeley in 1970. Business Alumni Association (now the Berkeley Haas ETFs helped form the regulatory framework for what has Helzel gave generously to the Haas School’s original Alumni Network) into an active, thriving community become arguably the most important ¡inancial innova- campus that opened in 1995 and to its new building. He and hiring the school’s ¡irst full-time development tion in the last quarter century. In the years since, ETF was also a Trustee for Golden Gate University and for director, Miles increased outreach to alumni and assets have grown to more than $5 trillion globally. BLOCK JIM PHOTO: the California College of the Arts, served on the board brought the vision of a Haas campus, which opened In 2001, Rubinstein helped to found the Berkeley and is consistently ranked #1. After his retirement, he of Berkeley Law, and was active in several Bay Area non- in 1995, to fruition. Haas Master of Financial Engineering Program, which wrote about classical Greece, Rome, and the early his- pro¡it organizations. As dean, Miles also boosted the school’s aca- was the ¡irst such program in a U.S. business school tory of Christianity. demic potential and prestige. He helped double the number of endowed chairs to 24 and recruited such luminaries as Nobel Laureate Oliver Williamson. He advanced the ¡ield of business education by sup- IN MEMORIAM LIST Yutaka Kobori, BS 50 Donn Bearden, BS 55 Paul Cooper, BS 59 Arthur Stonehill, PhD 65 Gregory Martin, BS 82 porting new interdisciplinary programs in organi- Kenneth Murray, BS 50 Alan Ghidossi, BS 55 Joseph Innis, BS 59 Ury Beary, BS 66 Helen Andritsakis, BS 84 zational strategy, entrepreneurship and innovation, Jessie Shew, BS 40 Augie Ong, BS 50 Stanley Loeb, BS 55 Daniel Moore, BS 59 John Fox, BS 66 Kristi Kali Berquist, and international competitiveness. Harold Jow, BS 41 Allen Blanc, BS 51 Marian Vantress, BS 56 Glenn Quick, BS 59 Erle Winkler, BS 66 MBA 95 In 1989, Miles started the Boost@Berkeley- Jane Galvan, BS 46 Arnold Brown, BS 51 Robert Bishop, BS 57 Robert Brodie, BS 60, Robert Crandall, Carolyn Carlson, Friend Haas program to allow local high school students, Donald McNary, BS 46 Don Deming, BS 51 James Johnson, BS 57 MBA 62 MBA 66, PhD 68 William Cole, Friend many from underrepresented populations, to learn Kenneth Booth, BS 47 Sydney Hammill, BS 51, John Vanderveen, BS 57 Robert Ehrhart, BS 60 William Balamuth, BS 67 Dennes Coombs, Friend about business and entrepreneurship. The program Kenneth Ashcraft, BS 48 MBA 54 Donald Hill, MBA 57 Ernest Lee, BS 60 John Kjellman, MBA 67 Charles Goldberg, Friend has seen hundreds of its students, many ¡irst gener- John Daniels, BS 48 John Vohs, BS 51 William Awbrey, BS 58 David Peterson, BS 60 James Pellissier, BS 69, James Love, Friend ation, attend college. Leslie Foppiano, BS 48 Savino Cavaliere, BS 52 Robert Beatty, BS 58, Lawrence Broeren, MBA 70 Denny McLeod, Friend In honor of the signi¡icant impact Miles has had Floyd Pickett, BS 49 George Spence, BS 52 MBA 59 MBA 60 Garth Johnson, MBA 70 Earle Pendarvis, Friend on Berkeley Haas, the Cal Business Alumni Association 52 Tetsushi Uratsu, BS 49 Theodore Mah, MBA 52 Alan Holloway, BS 58 Robert Mayer, BS 61 Stephen Yee, BS 71 Dorothy Sanderson, created the Raymond E. Miles Alumni Service Award in 53 George Armstrong, BS 50 Ronald Britting, BS 54 Whitney Newton, BS 58 Wilmer Post, MBA 62 Douglas Wholey, MBA 79, Friend 1990. This annual award is presented to an alum who Allan Buchanan, BS 50 Henry Angerbauer, BS 55 Joseph Ryan, BS 58 Johann Koo, MBA 64 PhD 84 James Williams, Friend exempli¡ies superior volunteer leadership. Berkeley HAAS SUMMER 2019 YOU’RE CONFIDENT. WITHOUT ATTITUDE. ——— PSSSST! SAVE THE DATE But you can still MBA REUNIONS HAAS submit an Your classmates really want CALIFORNIA to catch up with you. MANAGEMENT ALUMNI APRIL 24–26, 2020 PERKS REVIEW haas.berkeley.edu/reunion Berkeley NOTE! Haas’ premier Making yourself WAYS management journal offering visible strengthens FOUNDERS: TO HIRE research-based our network. articles for HAAS practicing Navigate Berkeley’s entrepreneurial IT’S ALL ABOUT ecosystem via the Berkeley Gateway — managers. Ranked among THE POWER OF ONE to Innovation (BEGIN), your portal the world’s top to innovation courses, incubators, business journals. ANOTHER accelerators, funding, and social networks POST JOBS ON THE EXCLUSIVE HAAS CMR.BERKELEY.EDU haas.org/alumni-notes begin.berkeley.edu ALUMNI LINKEDIN GROUP: linkedin.com/ groups/113 Plan your next MISS BERKELEY? THAT’S WHAT HOMECOMING IS FOR! Haas Happenings ATTRACT MBA UPCOMING STUDENTS/ALUMNI CAREER @ Cal Homecoming at recruit.haas. berkeley.edu SATURDAY, OCT. 19 or via jobs@haas. EVENTS berkeley.edu Go to haas.berkeley.edu/events for more information and to RSVP Scene from the 10:00–11:00 A.M. annual Haas MOVE Alumni Confer- The weekly Alumni Jobs Daniel Granholm Mulhern, BERKELEY HONG KONG PHOENIX ence, where hun- ALUMNI WELCOME FOR WELCOME EVENT WITH RECEPTION WITH DEAN HAAS GALA dreds of alumni newsletter has job Lecturer SEEK HAAS UNDER- NEW HAAS STUDENTS DEAN ANN HARRISON ANN HARRISON November 1 gather to learn listings, career tips, THE HEROIC LEADER AND LEADINGX2 GRADUATE STUDENTS September 25 November 7 November 19 and network. networking events & Discover the prevalence, power, and PHOTO: NOAH BERGER practices of leading by two. & ALUMNI: SHANGHAI webinars. Subscribe now! BERKELEY CHINA SUMMIT ORANGE COUNTY SACRAMENTO WELCOME EVENT WITH berkeley. October 6 SOLVING HOMELESSNESS ALUMNI EVENT WITH LT. DEAN ANN HARRISON 11:30 A.M.–12:30 P.M. joinhandshake.com IN OC BY 2024 GOV. ELENI KOUNALAKIS November 10 Customized for Don Moore, Professor CAL HOMECOMING October 2 & DEAN ANN HARRISON THE PSYCHOLOGY OF CONFIDENCE October 18–20 October 30 SINGAPORE undergrad and Overcon¡idence and undercon¡idence RECRUIT MFE OCMBA AUTUMN WELCOME EVENT WITH both have downsides. Learn a prom- STUDENTS/ALUMNI: GOLDEN GRADS REUNION MIXER SAN FRANCISCO DEAN ANN HARRISON ising middle way. & LUNCHEON (FORMERLY October 16 B-SCHOOL DISRUPT November 14 grad degrees mfe.haas.berkeley. OLD BLUES) October 1 HOMECOMING.BERKELEY.EDU TIME TBD edu/recruiters December 12 haas.org/jobs Cal vs. Oregon State 54 55

Berkeley HAAS #HAASOME #HAAS REUNION #HAASALUMNI SUMMER 2019 Interested in a Advance Your custom program Gap for your company? Co-founded by Don Fisher, BS 50, the clothing retailer Together with our Leadership & esteemed faculty, celebrates 50 years of style we’ll work with T D BS Doris, opened the fi rst Gap store in 1969, ultimately becoming one of the you to create largest specialty apparel retailers in the world. At fi rst selling Levi’s jeans and Decision-Making programs that fit records to young people ages 12 to 25, Gap morphed into selling its own label exclusively and made basics, such as plain T-shirts, turtlenecks, and khakis, your organization’s fashion must-haves. A series of iconic ad campaigns propelled Gap into the distinct needs. ROAD TOSUCCESSROAD cultural zeitgeist of the 80s and 90s, while the latest campaign, Skills which celebrates the brand’s 50th anniversary this fall, targets a new generation with nods to the past. Here, a look at Gap’s journey through marketing. Berkeley Haas alumni enjoy 30% off any open-enrollment program in 2019 1970s 1980s For our full program list, visit: executive.berkeley.edu

The Individuals of Style campaign features cultural luminaries like Spike Lee, Whoopi Goldberg, and Joan Didion selling a lifestyle, not just jeans and basics. It’s the Gap debuts its “Fall brand's “irst turnaround. into The Gap” jingle and offers “three tons of Levi’s” at low prices.

The Khakis campaign aims to reinvent the pants, with commercials set to distinct The Who Wore Khakis campaign shows 1990s music genres: rock, funk, historical “igures like 60s-inspired, soul, country, Gene Kelly, Amelia and swing. The latter, set to Earhart, and Miles Louis Prima’s “Jump, Jive an’ Davis wearing khakis Wail,” wins awards and instant (albeit not Gap’s). popularity—contemporizing The phrase “so-and-so the Gap brand with cross- wore khakis” shows up generational appeal. in “Doonesbury” and The Berkeley Executive Executive Decision- New Yorker cartoons, Leadership Program Making making khakis and Gap practically synonymous. Oct. 21–25, 2019 Nov. 4–6, 2019 Enhance your leadership advantage Empower yourself to drive decisions The For Every Generation campaign targets a Our five-day flagship leadership development program attracts global Executives are called upon to make innumerable decisions every broader audience business leaders from organizations with a variety of missions and day—some mundane, some momentous. Some of these choices with celebrities goals. Join Haas Distinguished Teaching Fellow Maura O’Neill, to solidify Gap’s will determine the very survival of their businesses or their own 2000s classic, cool 2010s BCEMBA 04, to create a personalized plan to unlock innovation and careers. The Executive Decision-Making program, led by Berkeley brand reputation. growth, create energy and urgency, and drive results. Return to your Haas Prof. Don Moore, helps participants make decisions that Spokespersons— organization with a new set of effective leadership skills and a plan produce better outcomes for themselves and their organizations. including Willie Nelson, The It’s Our Denim Now you can put to use immediately. Salma Hayek, campaign, launched this summer, IDEAL FOR: New leaders, senior leaders, general managers, and Marianne targets a younger generation IDEAL FOR: Executive and senior leadership including CEOs, with ads championing diversity department heads, directors, and decision-makers who impact Faithfull—dress C-level executives, and VPs—and any accomplished leader seeking in their own Gap and unity but also individuality. the success of their functions or organizations. clothes to re“lect To celebrate 50 years, Gap also to drive growth in every corner of their organization. authentic style. releases a limited-edition capsule 56 comprised of iconic styles from the 70s, 80s, and 90s updated with

modern details. OF GAP INC. COURTESY PHOTOS: Berkeley HAAS executive.berkeley.edu | CONTACT: +1.510.642.1304 NONPROFIT ORGANIZATION University of California,Berkeley U.S. Postage Haas School of Business PAID 545 Student Services #1900 University of Berkeley, CA 94720-1900 California, Berkeley

STARTUP HOTBED UC BERKELEY #3 NATIONWIDE for funded founders, graduates attaining at least $1M in MBA/MEng funding by graduation, according to HOME RUN Crunchbase News Chou Hall earned its NEW third in trifecta concurrent degree of green-building program with credentials: the College of WELL, ZERO WASTE, AND Engineering LEED PLATINUM # 2 among full-time MBA programs for careers in tech, by education special- with ists QS Quacquarelli Symonds 37% pursuing tech jobs post-graduation PHOTO: ISTOCK PHOTO: