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Summer 2006 Simon Melissa Long ’04 at CNN BUSINESS SIMON GRADUATE SCHOOL OF BUSINESS • UNIVERSITY OF ROCHESTER

Simon Leads New Trend Early Leaders™ Initiative Attracts Top Global Talent

Also Inside: Major Gift for Early Leaders Initiative • Plosser to Lead Philadelphia Fed • A Day in the Life at Procter & Gamble • Online Business Simulation • Summer Business Institute @ Simon 2684 COV 8/25/06 2:03 PM Page 2

Andersons Provide Major Gift to the University A Portion of the Gift Will Support the Simon School Early Leaders™ Initiative

Simon School alumnus and Executive Advisory Committee member John W. Anderson ’80, and his wife, Colleen, are giving $250,000 to support the School’s innovative Early Leaders™ initiative. The major gift will help fund: scholarships for nominated students who display the right attitude and apti- tude to pursue M.B.A. studies at Simon directly out of undergraduate studies or shortly thereafter; and staff support to help the Simon School identify promising Early Leaders through out- reach to leading undergraduate colleges and the implementa- tion of an alumni interview program required for all Simon M.B.A. candidates. Anderson, former C.E.O. at Wilmorite Inc., is currently founder and president of Northern Capital Group Inc., based in Rochester, N.Y. In addition to their gift to the Simon School, the Andersons have pledged $250,000 to the University of Rochester Golisano Children’s Hospital Newborn Intensive Care Unit (N.I.C.U.), and $250,000 to the University’s Wilmot Cancer Center. “We are deeply grateful to John and Colleen Anderson for their generous gift to support the Simon School Early Leaders initiative,” says Dean Mark Zupan. “Their gift will enable us to first identify and then offer scholarships to promising prospective students. The Andersons’ gift is a significant commitment to the future of the Simon School.” For more on the Simon School Early Leaders initiative and scholarship program, see the cover story on p. 17. 2684 TXT8/25/0611:50AMPage1 10 29 23 17 16 14 10 03 Summer 2006 Innovative Simon SeekstoSetNewTrend Cover Story one of12regional ReserveBanksintheUnitedStates. Simon economicsprofessor andformerdeanbecomespresident ofthePhiladelphiaFed— Charles I.PlossertoLead BankofPhiladelphia Federal Reserve • TheValue Premium Journals • AnEconomicMethodforRankingA.I.S. R Melissa Long ’04*fulfillshergoalofanchoringthenewsatCNNPipeline, thenetwork’sonlinevideonewsservice. Living theDream toEstablishSimonExchangeAlumniPortal• 2006ClassGift • Career ManagementCenterUpdate • NewExecutiveAdvisoryCommitteeMembers • NewStaffMembers • More Top NationalBusinessLeaders VisitSimon • SimonProfessors Travel Abroad • SimonUnveilsNewWebSite Scholarships • ExecutiveM.B.A. • SummerBusinessInstitute@Simon • RecentRankings • SimonLaunchesInnovativeOnlineBusinessSimulation Upfront • AlumniLeader Profile: AlanHeuer’74* • AlumniLeader ’03,M.S.’06,Ph.D.Candidate M.B.A. Profile: ’02*andChristopherWright, Carol Wright • AlumniLeader Profile: HarindradeSilva’84 • ClassNotes • AlumniLeader Profile: JohnSchultz’97 • Mergers andAcquisitions • AlumniGatherings • “Stretch” fortheSimonSchool • Dean’s Corner Alumni News Simon alumnireflect onworkingfortheconsumergoodsmarketinggiant. A DayintheLifeatProcter&Gamble esearch News Early Leaders™ initiative aims to attract top M.B.A. talentfrom aroundinitiative aimstoattracttopM.B.A. theglobe. 34 —by Sean Carroll ’02 09 —by Charla Stevens Kucko * 26 Ex ecutive M.B.A.graduate — by Sally Parker —by Anne Field 1 6 1 7 01 SIMONBUSINESS Summer 2006 2684 TXT 8/25/06 11:50 AM Page 2

Dean Mark Zupan Executive Advisory Committee

Admissions and Financial Aid J. Peter Simon, Chairman Gregory V. MacDonald Executive Director of M.B.A. Admissions and Mark S. Ain, M.B.A. ’67 Administration John W. Anderson, M.B.A. ’80 Vineet Kapur, M.B.A. ’99 Matthew S. Aroesty, M.B.A. ’90 David T. Kearns, B.A. ’52 Alumni Relations and Development Ajay Asija, M.B.A. ’96 William M. Kearns Jr. John-Paul Roczniak Neil A. Augustine, B.A. ’88, M.B.A. ’89 Robert J. Keegan, M.B.A. ’72 Executive Director of Alumni Relations and Joseph M. Bell John M. Kelly Development Jay S. Benet, M.B.A. ’76 Dennis Kessler Taj S. Bindra, M.B.A. ’86 Ronald B. Knight, M.B.A. ’61 Career Management Center Paul A. Brands, M.B.A. ’66 Robert Koegel Patricia Phillips Steven P. Brigham, M.B.A. ’99* Evans Y. Lam, B.A. ’83, M.B.A. ’84 Executive Director of Career Management David J. Burns, M.B.A. ’78 Daniel G. Lazarek, M.B.A. ’91 Andrew M. Carter Rohtash Mal Executive M.B.A. Programs Eduardo Centola, M.B.A. ’93 Jeff E. Margolis, M.B.A. ’78 George J. Andrews III ’03* Kevin P. Collins, M.B.A. ’82 Donna L. Matheson, M.B.A. ’79 Executive Director of E.M.B.A. Programs Donald L. (Skip) Conover, M.B.A. ’79* Brad Mills W. Michael Corkran, M.B.A. ’77 Carlos P. Naudon, M.B.A. ’74 External Relations and M.B.A. José J. Coronas, M.B.A. ’75* Steffan W. Parratt, B.S. ’85, M.B.A. ’87 Administration Clifford J. Corrall, M.B.A. ’87 James Piereson Hollis S. Budd Richard G. Couch, M.B.A. ’79* David Reh, M.B.A. ’67 Associate Dean for External Relations and Frank G. Creamer Jr., M.B.A. ’70 Robert E. Rich Jr., M.B.A. ’69* John L. (Jack) Davies, M.B.A. ’73 M.B.A. Administration Efrain Rivera, M.B.A. ’89 Harindra de Silva, M.B.A. ’84 Michael P. Ryan, B.S. ’81, M.B.A. ’84 Faculty and Research Joseph G. Doody, M.B.A. ’75 William D. Ryan, B.A. ’49 Ronald W. Hansen Christopher T. Dunstan, B.S. ’77, Richard Sands M.B.A. ’81 Senior Associate Dean for Faculty and Research Leonard Schutzman, M.B.A. ’69 Ronald H. Fielding, M.B.A. ’76 Joel Seligman (ex officio) Barry W. Florescue, B.S. ’66 Marketing and Communications George J. Sella Jr. Philip G. Fraher, M.B.A. ’93 William E. Simon Jr., Esq. Dawn S. McWilliams Roger B. Friedlander, B.S. ’56 Gregg M. Steinberg Executive Director of Marketing and W. Barry Gilbert, M.B.A. ’82 Joel M. Stern Communications James S. Gleason, M.B.A. ’68* Michael C. Stone, M.B.A. ’95* Robert B. Goergen, B.A. ’60 Amy Leenhouts Tait, M.B.A. ’85* M.B.A. Programs Bruce M. Greenwald, M.B.A. ’69 Andrew J. Thomas, M.B.A. ’91 Steven S. Posavac Mark B. Grier, M.B.A. ’80 Jon Van Duyne, M.B.A. ’85 Associate Dean for M.B.A. Programs Janet Hanson Kathy N. Waller, M.B.A. ’83 Jeff Hanson Ralph R. Whitney Jr., M.B.A. ’73* Ph.D. Program Robert O. Hudson, M.B.A. ’80* Janice M. Willett, M.B.A. ’78 Rajiv M. Dewan Charles R. Hughes, M.B.A. ’70 Joseph T. Willett, M.B.A. ’75 Chairman, Ph.D. Program Rene F. Jones, M.B.A. ’92 Timothy W. Williams, M.B.A. ’86*

Editor Charla Stevens Kucko www.simon.rochester.edu Contributing Writers Anne Field, Jeffrey Owen Jones, Laura Mills-Lewis, Sally Parker

Art Director/Designer Geri McCormick

Production Manager John M. Robortella

Copy Editors SIMONBUSINESS, Vol. 20, No. 2 © 2006. ISSN 1077-5323 Ceil Goldman, Dawn S. McWilliams Published two times per year by the University of Rochester, William E. Simon Graduate School of Business Administration, Carol G. Simon Hall, Photography Box 270100, Rochester, New York 14627-0100. Annette Dragon, John Smillie Office of Marketing and Communications: (585) 275-3736 (phone), Illustrations (585) 275-9331 (fax), [email protected]. Joanne Andrews, Alvaro Heinzen Postmaster: Send address changes to the William E. Simon Graduate School of Business Administration, Carol G. Simon Hall, Box 270100, University of Simon Alumni News Rochester, Rochester, New York 14627-0100.

BUSINESS 2006 Summer Contributing Writers © 2006 William E. Simon Graduate School of Business Administration, Sean Carroll ’02, Shelly Jansen, Joy Underhill, University of Rochester Beth Zogby SIMON Copy Editor 02 Sara McLaughlin *Executive M.B.A. graduate 2684 TXT 8/25/06 11:50 AM Page 3

WILLIAM E. SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

UPFRONT Simon Launches Innovative Online Business Simulation

—by Jeffrey Owen Jones

January 13, 2006—It might have been a pitch session to venture capitalists some- where in California’s Silicon Valley. One by one, executives brimming with enthusi- asm took the podium and narrated brief biographies of their young computer companies. PowerPoint® images flashing on a screen behind them, the presenters touted the results their firms had achieved, re- vealing the strategies and tactics that had proved most successful for their enterprises. In fact, though, this particular “pitch- a-thon” took place not in Palo Alto or Sunnyvale, Calif., but in Room 119 of Gleason Hall, a modern theater-style classroom at the Simon School. The participants weren’t really IT entrepreneurs looking for capital, but potential Simon students participating in an online busi- Winners and finalists of the online business simulation competition are pictured on the Eastman Quadrangle. Top row (from left): ness simulation competition launched by Jon Gazarek, Udo DeVries, Raj Nair, William Fiorica and Scott Brown. Bottom row (from left): Kathren Martorano Korksy, Ryan the School in September 2005. Their Quinn, Lianghua Zhou, Roshan Diwakar, Samuel (Shen) Chow and Jerry Schwartz. Not pictured: Kunal Asarporta, Ajay Garg, audience was not a roomful of investors Kerby Woo and Vadzim Yasvinski. looking for the next big thing, but a panel applicants. “We are trying to put less alone, the project was a success,” says largely composed of Simon Admissions emphasis on G.P.A. and G.M.A.T. McWilliams. staff scouting future students. The presen- scores,” explains Gregory V. MacDonald, Each player was entrusted with a virtual ters were among 15 finalists vying for the executive director of M.B.A. admissions personal computer company and chal- top prize—a full-tuition scholarship to the and administration. “We’re interested in lenged to come up with the most effective Simon School, worth $70,000. ways to evaluate candidates that are more management and marketing solutions to The online business simulation con- subjective, more business-oriented.” six key business decisions. After an initial test—a first for Simon and any other With an additional grant provided by round, the field narrowed to 37, based business school—grew out of another the alumni benefactors for implementing on balanced-scorecard totals. In the next competition. In 2005, two Simon alumni the winning idea, McWilliams assigned round, contestants competed directly sponsored a campus brainstorming initia- Stephanie Horne ’06 to the project as an against each other in groups of six. The 15 tive, offering a prize for the best student intern last summer, and the two worked top overall scorers were then invited to idea to improve the School. The concept together to develop the competition— Rochester for a day of formal presentations of an online business simulation competi- designing the parameters and procedures to describe their strategies and discuss their tion stood out as an innovative way to of the simulation and putting together a solutions. The presentation session was fol- raise the School’s profile and attract Web site, a marketing campaign and other lowed by personal interviews, campus tours quality applicants. components. Innovative Learning Solu- and other activities. Two finalists in India Simon administrators embraced the idea tions Inc., a Knoxville, Tenn., simulation and one in California made their presenta- of a hands-on, performance-oriented activ- firm, handled the logistics of the online tions remotely via teleconferencing. One of ity. “It seemed to offer a new and better simulation, including tracking contestant the two eventual first-place winners, Vadim way of getting to know prospective stu- performance using a balanced-scorecard Yazvinski, of Columbus, Ga., whose wife dents,” says Dawn S. McWilliams, execu- assessment. went into labor the day before the presenta- tive director of marketing and communi- Thanks in part to an article in The Wall tions, was on campus the following week to cations. The approach dovetailed with an Street Journal, the competition drew 270 give his presentation. emerging emphasis in the Simon Admis- participants from around the world. More Judging the final round was a panel

sions Office on developing more experien- BUSINESS 2006 Summer than two-thirds of the players were new including MacDonald; Admissions staff tial methods for attracting and assessing contacts for Simon. “From that dimension SIMON

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WILLIAM E. SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

UPFRONT

members Stefanie Bascom and Rebekah tion. “They really got into it—not just for brought to the contest, evaluators re- Lewin; Timothy Wilmot ’05; McWil- the outcome but for the experience,” says marked at the level of sportsmanship and liams; Horne, and Sean Mullins, a rep- Lewin. Samuel (Shen) Chow of Singapore, camaraderie evident among the partici- resentative from Innovative Learning one of the two full scholarship winners, pants. “They were rivals, but friendly,” Solutions. lavished 70–80 hours weekly on the simu- says MacDonald. Ultimately, the group was so impressed lation, despite holding a full-time job. “I Virtually everyone involved with the with the quality of the competitors that was taking a lot of leave to make time for competition agreed it was an innovation they decided to award two full scholar- the competition—everything else had to worth repeating. Preparations for the next ships, along with seven partial scholarships wait,” he says. simulation are currently under way; the ranging from 25–75 percent. “We were Yazvinksi, the other top contestant, deadline for contestants to sign up is surprised at the depth and business spent a bit less time—two to three hours September 25, 2006; information is acumen of these individuals,” notes on weekdays, and more on weekends. But available at www.simon.rochester.edu/ MacDonald. “We were impressed with the 25-year-old Belarus native, now living programs/scholarship_competition.aspx. SB their communication skills, their maturity in Atlanta, invested an abundance of in- and their professionalism.” tensity in the simulation. “I just love com- Jeffrey Owen Jones is a writer and filmmaker The panel found startling the amount petition,” he says. in Pittsford, N.Y. of time contestants devoted to the simula- Despite the competitive fire the finalists

Recent Rankings accredited M.B.A. programs as well as cor- The Simon School is again ranked among porate recruiters on academic quality mea- the top 30 business schools in the nation sures and key indicators. by U.S. News & World Report in its annual “We remain committed to continuous survey. Simon tied for 26th with the Olin improvement and to providing our students School of Business at Washington with the top-tier M.B.A. education they University in St. Louis in the magazine’s have come to expect,” says Dean Mark April 10, 2006, issue. The School tied for Zupan. “Their success is our ultimate goal, 23rd last year. The survey also ranked and at the heart of all we do.” SB Simon 13th in finance and 24th in accounting among U.S. business schools. Summer Business Survey results show that the quality of Institute @ Simon the Simon School’s incoming students has The Simon School recently launched a increased, while at other schools it has re- new program for those wishing to learn Significant importance has also been mained about the same. Simon has invested more about a career in business. The placed on our corporate partners and re- in admissions quality by closely assessing Summer Business Institute @ Simon, held cruiting relationships. Recruiters have taken prospective students’ demonstrated talents, June 5–23, 2006, offered college juniors, notice, as evidenced by our recruiter assess- attitude and capacity for leadership. The seniors and recent graduates of liberal arts ment score of 3.5 (out of 5.0), compared to School has also focused on increased aver- colleges intensive courses in three subject last year’s 3.3 score. Heightened emphasis age undergraduate G.P.A. scores, average areas: general management, accounting in several key areas is achieving positive re- G.M.A.T. scores, and finding candidates and finance, and marketing. Participants sults. In career management and job place- with the overall winning attitude and lead- ment, the average starting salary and bonus ership potential for future business success. is $93,754, compared to $86,038 in last For example, the average undergraduate year’s survey; the average for the top 50 B- G.P.A. rose to 3.45 (3.4 last year), placing schools was $93,297. The number of grad- Simon 9th compared to 12th last year. The uates employed at graduation is 66.2 per- top 50 B-school average G.P.A. is 3.37. cent, on par with 66.5 percent last year; the The average G.M.A.T. score is 659 (from top 50 B-school average was 72.8. And, 665 last year); the top-50 average is 664. Summer Business Institute @ Simon there was a slight fluctuation in those em- Another measure of note is the proportion also had the opportunity to network with ployed three months post-graduation: 88.2 of applicants accepted by the School. Our regional C.E.O.’s at evening receptions percent compared to 88.6 percent last year; acceptance rate was 36.8 percent, compared and shadow them on visits to their compa- the top 50 B-school average was 90.9. to 37.2 percent last year. The average of the nies during the day. BUSINESS 2006 Summer Each fall, U.S. News & World Report sur- top 50 B-schools is 41.4 percent. The Summer Business Institute @ veys business school deans and directors of Simon was made possible by a generous SIMON

04 2684 TXT8/25/0611:50AMPage5 some timetobrowse ournew Web site. V r student leaders;thelatestfacultyresearch; emphasis onSimon alumni,facultyand visitors. The siteincludesmore detailed navigationtoolsforusersand with new r .rochester.edu. The search engineofthe W The Simon Schoolunveiled itsnew New Web Site Simon Unveils ing partners. lines andrequirements setby oursponsor- School admissionscriteriaaswell asguide- A Gr from Syracuse, inconjunctionwiththe cants from Buffalo andsixtoapplicants offer sixscholarshipstooutstandingappli- tive M.B.A.Program. The Schoolwill scholarships totheSimon SchoolExecu- provide 10individualswith50percent Gr with School isrenewing itspartnership Bu and nonprofit organizationsinRochester, namic managersatsmall-tomid-size firms Scholarships are againbeingoffered tody- Scholarships Executive M.B.A. I I career shouldattend theSummer Business onanM.B.A.orabusiness jump start scholars. Anyone interested ingettinga some oftheworld’s premier business a foundationforbusinessstudytaughtby “ Bu theSummeram pleasedtohelpsupport and aUniversity ofRochester “I trustee. man andC.E.O.ofMLHCapitalL.L.C. donation from the upstateNew York region.” investment intheeconomicprosperity of dividuals. These scholarshipsare awise ity thatflows from bright,committedin- thecreativ-opment dependsonnurturing says Dean Mark Zupan. “Economic devel- ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE ecent rankings; and news andevents. ecent rankings;andnews edesigned Web sitehasbeenoptimized nstitute @Simon isJune 4–22,2007. nstitute!” Next year’s Summer Business The Summer Business Institute provides pplicants mustmeetstandard Simon isit www.simon.rochester.edu andtake eb siteinJune 2006,atwww.simon “ eater Syracuse ChamberofCommerce. eater Rochester Enterprise (G.R.E.)to ffalo andSyracuse, N.Y. The Simon siness Institute @Simon,” saysHajim. These partnerships areThese partnerships aboutpeople,” Ed

H ajim, B.S.’58, SB chair- SB SB ’06, an estimated$1.4trillionsinceitwasenacted(according toarecent studyby has beenparticularlyineffectiveinaddressing current marketproblems andchallenges,whilecostingcompanies 2005, inLondon. Zimmermanspoketoagroup attheSecurities&InvestmentInstitute,probing thereasons S.O.X. Act(S.O.X.)Simon, discussedhisviewsonthesteepeconomiccostsofSarbanes-Oxley onNovember5, Jerold L.Zimmerman, Simon ProfessorsTravelAbroad and India,whileEuropean countrieswilllikelycontinuetostruggle, actingasamajordragonglobalexpansion. media reports, themaincontributorstoglobalexpansionwillberapidlygrowing Asiancountries,includingChina in London, England,onFebruary dire 1,2006.Plossertoldhisaudienceofmore than200peoplethatdespiteoften Simon School,delivered anaddress, “Perspective ontheGlobalEconomy,” attheSecurities&InvestmentInstitute Charles I.Plosser, now afacultymemberattheUniversityofMinnesota). John M.OlinDistinguishedProfessor ofEconomicsandPublic Policy andformerdeanofthe Ronald L.BittnerProfessor ofBusinessAdministrationandprofessor ofaccountingat Ivy XiyingZhang,M.S.’03,Ph.D. 05 SIMONBUSINESS Summer 2006 2684 TXT8/25/0611:50AMPage6 06 SIMONBUSINESS Summer 2006 ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE and SunMicrosystems, amongothers. that includeHewlett-Packard, Oracle,PayPal, public relations firms,withblue-chipclients world’s top10independenttechnology Communications Group isamongthe technology marketing.Applied fields ofcommunications,research and competitive strategyandaninnovatorinthe intangible marketplace.Kelly isanexpertin and managingcompetitiveadvantageinthe termoves, probing theissuesofleadership odic tableofmarketplacemovesandcoun- 2006. Kelly gaveapreview ofthefirstperi- Simon ConsultingGroup onJanuary25, L Elements ofStrategy,” duringaKalmbach nications Group, discussedthetopic,“The Alan Kelly, Health Care Award. Only15consultantshaveeverbeennominatedfortheprestigious award. the healthcare industry, earninghimthree nominationsfor mainly through highlyattendedWebcasts.Awidelypublishedauthor, Murphyisalsoavaluedconsultantto face oftoday’schallengingbusinessenvironment. Leadership IQprovides leadershiptrainingworldwide November 17,2005.Murphytalkedabouthiscareer pathandtheimportanceofeffectiveleadershipin Mark Murphy’01,* current challenges.Recent speakershave included: this pastwinterandspringtospeakstudentsabouttheircareers and The Simon Schoolhostedanotherimpressive group ofnationalexecutives More Top NationalBusinessLeadersVisit Simon ecture inconjunctionwiththestudent-run UPFRONT founder ofAppliedCommu- founder andchiefexecutiveofficerofLeadership IQ,visitedtheSimonSchoolon Modern Heathcare ’s MostPowerful People in the world,mostrecently inIndiaandOman. in Maryland,provides medicaltranscriptionservicesthroughout when visitinghisclientsinSaudiArabia.CBaySystems,based point, saidhealwaysdresses inArabattire asasignofrespect November 10,2005.Conover, whowore hisoutfittoillustratea business dealingsintheMiddleEastduringalecture on business andmilitarycareers, entrepreneurship andextensive Simon SchoolExecutiveAdvisoryCommittee,discussedhis the board ofdirectors atCBaySystemsLtd.andmemberofthe Donald (Skip)Conover’79,* founder andvicechairmanof 2684 TXT8/25/0611:50AMPage7 department. director ofCredit SuisseFirst Bostonintheinvestmentbanking was instrumental inacquiring.Previously, wasmanaging Wiesenthal directors atSonyBMGMusicEntertainmentandMGM,whichhe Sony/ATV MusicPublishing worldwide.Heisalsoontheboard of operating committee,andhasbusinesslineresponsibility for r operating companies.Heisresponsible forSony’sU.S.investor across the overseesallfinancialaspectsofS.C.A. 2006. Wiesenthal officer forSonyEntertainmentInc.,spokeatSimononApril18, andexecutive vicepresident andchiefstrategy of America(S.C.A.), poration, executivevicepresident andC.F.O. forSonyCorporation B.S.’87 S.Wiesenthal Robert elations activities,isamemberofSonyPictures Entertainment’s . * Exe cutive M.B.A.graduate , group executiveforSonyCor- founding in1863. the firstlineextensiontoHeinekensinceits product, HeinekenPremium LightLager— 2006 launchofthecompany’snewest March 2,2006.Thomasledthe Amstel Light,duringalecture atSimonon Heineken anditsotherbrands,including leading theAmericandistributionof Thomasshared hisperspectiveon USA. be namedpresident andC.E.O. ofHeineken American andyoungestperson,at38,to in October2005bybecomingthefirst Andrew J.Thomas’91 America, forPillsbury Company. president ofPillsbury, North Snacks. Lenny waspreviously and president, NabiscoBiscuitand group Foods vicepresident ofKraft Nabisco in2000,hebecame L Company. WhenKraft—where president ofNabiscoBiscuit March 2001,Lenny servedas Simon. PriortojoiningHersheyin ing alecture onMarch9,2006,at Consumers andCustomers,”dur- with topic, “Innovation:Winning Hershey Company, explored the president andC.E.O. ofThe Richard Lenny, enny startedhiscareer—acquired made history chairman, 07 SIMONBUSINESS Summer 2006 2684 TXT8/25/0611:50AMPage8 08 SIMONBUSINESS Summer 2006 ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE Appointments Simon School Case WesternReserve. American Studies andanM.B.A.from He La.) andtheUniversity of Texas atDallas. O W tions atseveral universities, includingCase admissions experienceinavariety ofposi- admissions until2002.He gainedextensive asdirector ofundergraduate ously served U ter’s programs. Hobba isreturning tothe M Schoolof missions fortheKrannert Pu istration from Texas A&MUniversity. earned hisB.S.degree inbusinessadmin- at Procter &Gamble inReno, Nev. He S manager forLederleConsumerHealth in B ety ofmarketing andsalespositions.Before 11 years withthecompany, hehelda vari- gas-permeable solutionsandlenses;inhis keting, salesandmanagementofallBoston Lomb, where hewasresponsible formar- as seniorproduct manageratBausch & tive M.B.A.Program. Previously, heserved the administrationofSchool’s Execu- * acramento, Calif., andsectionmanager ausch &Lomb, Andrews wasterritory Ex UPFRONT niversity ofRochester, where heprevi- hio), Tulane University (New Orleans, estern Reserve Universityestern Reserve (Cleveland, anagement’s full-timeprofessional mas- r

due University, where heoversaw ad- earned aB.A.degree inEnglish and ecutive M.B.A.graduate previously worked at college relations. Hobba of admissions/director of as seniorassociatedirector joined theSimon School of West Lafayette, Ind., W tion, Andrews willoversee School. In posi- hisnew grams attheSimon director ofE.M.B.A. pro- been appointedexecutive ’03* G eorge J.Andrews III illiam “Jamie” Hobba fFipr,NY,has of Fairport, N.Y., SB and C.E.O., L.L.C.; director, opment Inc.; Am D T UBS Financial Services; w P. America), senior vicepresident andC.O.O.(North C and chiefcomplianceofficer, ’80,* strategy andplanning, P C.E.O., T Barney; president ofwealth management, quisitions, ing director and head ofmergersandac- Bi director, are: bers. They mem- Committee hasaddedseveral new The Simon SchoolExecutive Advisory Members Advisory Committee New SimonExecutive Lonmin P.L.C.; Y. Knight ’61, administration, Simon School; L.L.C. K Broth C In Ha C vice president of fixed incomesales, J. Corrall,B.S.’82,M.B.A.’87, L.L.C.; China Centric Associates M W. U ’56, active Inc.; J C.E.O., No president andC.E.O., Rich Products Corp.; ’81, T.Christopher Dunstan, B.S.’77,M.B.A. anet Hanson, ele-Ventures Ltd.; arratt, B.S.’85,M.B.A.’87, ait ’85,* apital Management; orporation; Securities Corporation; ountrywide ealth managementresearch—Americas,

essler, niversity ofRochester board oftrustees;

uyne ’85, v ndra ’86;Eduardo Centola’93, ichael Corkran ’77, R Lam, B.A.’83,M.B.A.’84,

r r estors; erica Inc. B indra deSilva ’84, yan, B.S.’81,M.B.A.’84, th AmericanDelivery, consultant andmemberofthe executive vicepresident andC.F.O., arry Gilbert ’82, arry ers; president andC.E.O., and executive professor ofbusiness Andrew J. Thomas ’91, Andrew J. co-owner, R B IEC Electronics Corporation; B Bear Stearns &Co.; J J ohtash Mal, anking Spectrum; Xe lackstone Group; C.E.O., eff Hanson, oseph G.Doody ’75, G Ro C.E.O., group president, oldman Sachs &Co.; ro H Vineet Kapur ’99, Vineet Kapur R bert Koegel,bert eineken USA: x Corporation; oger B.Friedlander, B.S. managing director, Ajay Asija’96, C arlos P. Naudon ’74, K Br B essler Restaurants CAS Systems of rad Mills, P oadstone Real Estate chairman andacting Ro managing partner, V C hilip G.Fraher ’93, C.E.O., chief legalofficer president, isual Numerics itigroup; Amy Leenhouts bert O.Hudsonbert S attorney; J taples Inc.; Klock Devel- S ohn M.Kelly, and M H teffan W. T D managing head of R aj S. senior vice arris Inter- head of C.E.O., ilestone B managing ennis president onald B. president, harti Clifford senior J A M Sm on Van Lehman W. manag- nalytic ichael ith Ev ans W P bers whohave becomeemeritusmembers: tributions ofthefollowing E.A.C.mem- @simon.rochester.edu. of corporaterelations, atlaura.mills-lewis events, contactLauraMills-Lewis, director pating inanyoftheoff-campusrecruiting re r the Career Management Centerhasal- M Boston Federal Bank Reserve andLiberty from vitations forsecond-round interviews our studentshave received offersand/orin- R P ers atB.R.C.includeCIGNA,Indevus the comingyears. This year’s employ- new a great venue andisexpectedtogrow in While thisevent isonasmallerscale,it B.R.C. Se M Me ceuticals, Johnson &Johnson, Medco, event, includingBayer ConsumerPharma- This year, several companiesjoinedthis N.Y.R.P. close lookatSimon talent. and givingcompaniesintheseareas anup- tostudents and internshipopportunities offering acombinationofbothfull-time r As inprevious years, theevents were well 2006, andFebruary 24,2006,respectively. nection (B.R.C.),were heldonJanuary 20, (N.Y.R.P.) andBostonRecruiting Con- events, New York Recruiting Program off-campusrecruiting The winterquarter Center Update Career Management M KPMG, J.P. Morgan Private Bank and Ba and have already received offersfrom eady setthedatesforfuture off-campus eceived by studentsandemployers alike, eter R.Dodd, M.S.’78,Ph.D. ’81; harmaceuticals andProperty &Portfolio esearch. In additiontothesecompanies, cruiting events: cruiting r utual. Picking uponthismomentum, edco. itchell Madison andMoody’s Investor We O If F Boston Recruiting Connection—Friday, J Ne In illiam W. LaniganEsq. r vices. Simon well, studentsperformed anuary 19,2007 anuary r clays Capital,Bear Sterns, Citigroup, ebruary 16,2007 ebruary

cer Human Resource Consulting, ctober 6,2006

y a New York Minute—Friday, w York Recruiting Program—Friday,

our companyisinterested inpartici- gratefully acknowledge thecon- —Laura Mills-Lewis SB SB and 2684 TXT8/25/0611:50AMPage9 ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE (from left): (from left): Anadditional$5,000wascommittedtotheSchoolforimplementing School tohelpimplementtheideaaspartofClassGift. Simon Exchange,whichwouldallowalumnitonetworkwithpeersaround theglobe.Themembersofwinningteamshared $5,000, students presented theirideastotheSchool’sExecutiveAdvisoryandAlumniCommittees.Thewinningteampresented th Dean MarkZupancharged studentsinhisImproving theSimonSchoolcoursetocomeupwithinnovativeanduniqueideasimprov sion aboutwhythismirrors thewaybusinessdecisionsare madethrough careful reflection onallaspectsofanissue.Pictured program, where theyanalyzedavarietyofpaintingsfrom different perspectivestodeterminetheircontentandmeaning.Simonf Summer BusinessInstitute@Simon—Duringthethree-week businessimmersionprogram inJune2006,studentstookparttheMemo Danyra Chavez,AlexanderSmith Director ofEducationattheMemorialArtGallery. Alex I. Okounev ’06, Anik Jain ’06, Jeremy Marshall ’06, Matt Hilbert ’06,AdamBates’07 Alex I.Okounev’06,AnikJainJeremyMarshallMattHilbert and Sarah Morrill and (from left, background)and (from left, March Bishop,DamianGarcia and Niko Smrekar’07. and Susan Dodge-Peters Daiss,

(from left, foreground)(from left, are S.B.I.students aculty member the idea.Membersofwinningteamare eir ideaforanewalumnionlineportalcalled e theSimonSchool.Five teamsof

which theydonatedbacktotheSimon rial ArtGallery’sofObservation W.

Barry Gilbert the McPherson led adiscus- 09 SIMONBUSINESS Summer 2006 2684 TXT8/25/0611:50AMPage10

10 SIMONBUSINESS Summer 2006 ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE M a year (or$2.95amonth),subscribers,or comprehensive coverage. news For $24.95 v P pooled itsvast resources tolaunchCNN Br N in asananchoron aswell asfilling service, online videonews chor of CBS affiliateinRochester, N.Y., toanan- anchoratthelocal being amorningnews summer whenshemadeahugeleapfrom Living theDream Me toCNNPipeline— Anchor From Local Morning News enture isgarneringrave reviews forits ipeline inDecember 2005,andthenew ews, elissa Long’04* oadcasting, CNN’s parent company, is og’4 sa h oern faNwTrend inNationalNews. ofaNew theForefront at lissa Long ’04* Is and CNN Pipeline, A merican Morning CNN, CNNHeadline r ealized adream last CNN.com’s new . Turner CNN headquarters inAtlanta, Ga.,CNN headquarters to S chor desk.CharlaStevens Kucko, editorof touring theworldwhilesittingatan- CNN Pipeline andvirtually newsroom the glass-enclosed“fishbowl” setinthe ofherjobisbeinginside says thebestpart Now also doesnightlyupdateson headlines. Long,whoanchorsevenings, conferences intheir entirety totheday’s from presidential everything news carrying screens, or“pipes,” withsatellitefeeds “ users,” have accesstoupfourlive imon Business, from theCNNPipeline set.Long r ecently metwithLongat P aula Zahn Mark Hill©2006CableNewsNetwork.ATime Warner Company. AllRightsReserved. CNN andAtlanta. You know thesong, back. There wasjustsomething about would leave, butIalwayswantedtoget y touch withsomepeopleatCNNover the Istayed in a burgeoningdepartment. at CNNInteractive, whichatthetimewas during theOlympic Games andIinterned circle. IinternedatCNNincollege.It was It you? for arise opportunity didthis How S discuss hercareer andthevalue ofher ears andsometimeslosttouchwhenthey imon Executive M.B.A.degree. ’s

actually a story inwhichI’veactually astory comefull 2684 TXT8/25/0611:51AMPage11 sold— long!” It similar. wasvery Iknew college andyou say, “ kind oflikewhenyou’re searching fora but whenIcamehere, itfeltlikehome— a lot? Yes. CouldIhave enjoyed it? Yes, gel withthepeople.CouldIhave learned didn’t seemtofitmeorIdidn’t seemto feel quiteright. The dynamicsattheoffice Ev it wastimetoputmyM.B.A.work. nalism field,becauseIthoughtthatmaybe o networking andshad- lot ofinterviewing, Ihaddonea wanted, whichwasperfect. do dreams Iactuallygotwhat come true? inside andoutsidetheindustry. How often south, including Tampa andMiami, both Di IlookedsouthoftheMason-started, warmer climate,sowhenthejobsearch was tired ofthecold. Iwantedtogoa amazing accomplishments—andalso,I organizationthathadsome pany—a news CNN. For me,itwasafabulous com- wanted tocomeAtlanta andwork for always hadinthebackofmymindthatI through localstationsinotherplaces,but here.I leftmyheart Iworked myway “I LeftMy Heart inSan Francisco”? Well, ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE wing, bothinsideandoutsidethejour- ery timeIdid,though,somethingdidn’tery x on linefrom Washington, D.C.,on they had tobesold. This is where Ibe- I was pening now. pay fortelevision,”andlookwhat’s hap- that’s notgoingtofly, noone’s goingto “Look atcable TV backintheearly80’s— the sky’s thelimit.Alotofpeoplesaid, matures, CNNPipeline willgrow. Ithink P can’t actuallyhandle30millionCNN technology andInternet infrastructures technology issocutting-edgerightnow, users eachmonth.Because CNNPipeline’s CNN.com hasbetween 26and30million from thenumbers,butasIunderstandit, to be.Asajournalist,Ikindofstayaway I thinkthat’s whatthemanagersexpectit is. already than it could become even more like it looks It Where do you see CNNPipeline going? come andwhyit’s agreat opportunity. couldbe- derstand how vast thisservice we people whoare inbroadcast journalismas toexplainit its potential.But trying It P service,CNN news video online new of this theforefront you to beat like for it is wereWhat sold. Obviously, they ipeline users.But, astheNet grows and ipeline?

has beenfantastic,becauseIunderstand

know ittoday—theydon’t seemtoun- ©2006 CableNewsNetwork them andsay, forbeingonCNN “Thanks where intheUnited States, toe-mail Itry whether they’re inIraq, Tokyo orsome- shots inthefieldwithourcorrespondents, yo It CNN. at divisions fromother the ofbuy-in youhave alot that seems It archives forprevious reports andspeeches. event likethat. You caneven search our banter withreporters. We present every ing, andyou watchtheback-and-forth Yo take thebriefingfrom the White House. terrific. For weekday, example,every we give just15-secondsoundbites,whichis y live conferences—you reports, news make a.m. to8p.m. E.S.T.: individualstories, Right now, we present from live 8 news CNN Pipeline isthefirstofitskind. now? right online maincompetitors Who are your tire story. y charge forsubscriptions,someonlyallow pers thatare presented online.Some had tochangewiththeadvent ofnewspa- to evolve have aswell, justasnewspapers vision stations,aswe know them,willhave It and cable TV news? network the meanfor will this What what you want,whenyou wantit. andgetting mantras—choosing your news choice. That’s oneofCNNPipeline’s evolve aswell, becausethisisjustanother it comestoprint,sotelevisionwillhave to to changethewaytheydobusinesswhen pened. But agencieshave had alotofnews obviously,newspapers; thathasn’t hap- ple saidthattheInternet wouldreplace p. 10 p.m. poppingup, news andeven the9 dying breed, sothat’s whyyou’ve seenthe long beensaidthatthe11p.m. isa news did duringthe Walter Cronkite era.It has likethey home towatchtheevening news This isthefuture Few ofnews. peopleare news? their people get most that way become the may this that Do youthink our own decisions. We aren’t goingto versus theen- ou toread ofthestory part ’s ’s m. news inotherlocations.Alotofpeo- m. news u’ u’

a true partnership.a true Afterwe dolive just anotheroption.Ibelieve thattele- re re

going toseeitfortheentire brief- not goingtoseeitfor20seconds— *Executive M.B.A.graduate 11 SIMONBUSINESS Summer 2006 2684 TXT 8/25/06 11:51 AM Page 12

WILLIAM E. SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

Pipeline. We have a more flexible format; went for my M.B.A.—in order to stand out. never did before. He was talking about hope my questions were okay”—a lot of it is Another of our CNN Pipeline anchors, something very simple, but creative people off the cuff and I want feedback. Ninety-five Richard Lui, has an M.B.A. from the Uni- don’t think about queues, and here I am sit- percent of them e-mail back, “This is a fan- versity of Michigan. We were shocked and ting on the tarmac in Chicago thinking tastic new service. Glad to help out.” For pleasantly surprised to find each other, be- about airport takeoff and landing. Simon them, it’s more work, but I think they enjoy cause I honestly can’t find many. Granted, taught me to think in a new way, and that the flexibility of being able to converse, and the few that I find are all men, but to be on- has been the key takeaway. that’s what we’re doing. We’re talking back and forth. And, we don’t have someone in our ear saying, “Wrap.” In fact, CNN re- porters and correspondents have told me how much they love coming on CNN Pipeline because it gives them the time and opportunity to delve more deeply into the story than they can on other networks.

What is a typical day like for you? I’m in by 1 p.m. for makeup, which is so easy, because I used to be at work before the snow plows were out—I woke up at 3:15 in the morning! I did that for so many years, so this is literally Easy Street. I get sleep! When I was in school and working full time, I had probably three to four hours of sleep a night for two years straight, so this is wonderful.

How has your Simon E.M.B.A. affected your career? For me, it was a personal goal to get my ©2006 Cable News Network M.B.A. for a myriad of reasons. Before her air with an M.B.A. is unique. I love doing What would you change about your recent retirement, my mother taught school the business hits with our personal finance Simon experience? for 38 years, and she always told me to focus editor in New York because I get it. In addi- I would suggest more of an emphasis on on education, so I always had that in the back tion, I approached the M.B.A. differently leadership, public speaking and interper- of my mind. I’ve known I wanted to get an from the way my peers did. I didn’t come sonal communications skills. M.B.A. since college, in part because some- from a mathematical background. I was a one told me I couldn’t do it. I had a high journalist, more right brained than left In addition to your CNN Pipeline duties, school math teacher tell me, basically, that I brained, more creative, more visually ori- you are doing some anchoring on CNN was mathematically challenged. I continue to ented, so I approached it differently. I al- and CNN Headline News. Will you con- be to this day! But when anybody says you ways knew I wasn’t going to be the valedic- tinue to do both? can’t do something, you want to prove them torian of my class, because I came from a I love working on CNN Pipeline now be- wrong. And, I also wanted to differentiate different perspective. cause it’s an opportunity for me to talk to myself. In news, you have to be a “jack of all the correspondents in the field. These peo- trades.” I wanted to try to be a “master” of What did you take away from the ple are at the pinnacle of their careers— something. Health has always been my experience at Simon? what an amazing treat for me! So I really am forte—I’ve done a lot of medical stories—but Simon taught me a new way of thinking. enjoying the challenge right now, and I’m I’ve always been fascinated by business and so There are a couple of classes that blew me constantly challenged. Every day, I have to I decided that was the way to go. I considered away because I never thought that way be- try to wrap my head around everything law school too, but then, because of the hours fore, and I could take them all over again. that’s going on—whether it’s the nuclear I worked in Rochester, it wasn’t feasible to And then there were those classes that were tensions in Iran or North Korea or whether drive to Buffalo to go to law school, so the very applicable to what I’m doing now. it’s NASA and the new exploration to M.B.A. was more attainable. Professor Cliff Smith’s class was very appli- Pluto—I have to get all of that, so it’s as if cable and taught me about corporate cul- I’m always in school. I’m enjoying what I’m How does your Simon M.B.A. compare ture. One of my favorite professors was [for- doing right now. At the same time, I’ve al- BUSINESS 2006 Summer to others you’ve encountered? mer Simon professor] Robert Shumsky. He ways loved reporting; it’s always been in my I haven’t encountered many people with an just had a passion for operations and logis- heart. Reporting is a great opportunity to

SIMON M.B.A. in news, and that’s another reason I tics, and he taught me to think in a way I

12 2684 TXT 8/25/06 11:51 AM Page 13

WILLIAM E. SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

meet people and tell their stories. I get to trying to juggle it all and then finally doing Advice for someone who wants to get fill in on CNN and Headline News, and it made it all worth it. into the TV news business: we do short reports that are tech oriented If you like to learn and don’t mind work- for the dot.com desk on CNN, so I’m get- What do you think of Atlanta? ing hard, if you’re a communicator and a ting a chance to satisfy my Type A needs. Atlanta is a vibrant city, which is exactly “people person” and you’re not going after what I wanted. I make it a point to explore It is a Type A person’s business, isn’t it? a paycheck that you would get on Wall a new part of Georgia every month. My Street, then it’s a perfect career. Very much so. It’s perfect for someone who next trip is to Alabama, because I’ve never enjoys learning—essentially a professional been there. I love day trips and I love to ex- On why most M.B.A.’s don’t pursue student—and for someone who likes to plore. I’ve always had a passion for travel- careers in media: work in an environment with a lot of piz- ing; for the first time, I don’t have an itch After I graduated, I had a year left on my zazz and adrenaline. I celebrated my last to get on a plane to travel because I’m trav- contract at WROC TV-8 in Rochester, and birthday by jumping from an airplane. It eling locally to new places. We have an I would clip articles about M.B.A. salaries. was great fun! Every career move I’ve made economy in Atlanta that is very much alive. Media salaries are much lower than if you has been calculated, but every now and That’s refreshing. were to work at a brokerage firm. I think then you do need to take a risk, and the that scares people because of the debt you risks I’ve taken have paid off, including my On working at CNN Pipeline: leave school with, especially if you fund M.B.A. They were phenomenal years be- The thing I like about CNN Pipeline is your own education. An M.B.A. is not a cause they became the ultimate challenge in that you have a team of people working cheap commitment. That may be one juggling. I also stayed involved in my com- here because they want to be here. It’s a thing that deters the pursuit of them, but I munity activities in Rochester. I refused to startup operation inside an established cor- think some of the rewards are greater, and leave my board positions and stop volun- poration. How often does that happen? it is an exciting career. SB teering with Big Brothers/Big Sisters be- And we have the backing of that estab- cause, by then, I was too committed. So lished corporation, which gives us a unique opportunity.

Summer Business Institute @ Simon Discover exciting opportunities in business Get a head start on your career path June 4–22, 2007 Three-week program includes courses in three areas: general management, marketing, and accounting and finance Opportunities to network and learn from area C.E.O.’s

Enrollment is limited. Apply now! Application Deadline: April 14, 2007 $250 tuition discount, if applying before March 22, 2007 For more information, contact us at (585) 275-3533 or go to www.simon.rochester.edu/summerinstitute 2684 TXT8/25/0611:51AMPage14 M 14

SIMONBUSINESS Summer 2006 E ethod for conomic Ranking J ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE ournals A.I.S. An RESEARCH NEWS prevent wasnumbered. duplicates,eachsurvey ulty rank,schoolanddemographicinformation. To pensation information,experience,publications,fac- professors, askingthemtoprovide anonymouscom- by mailtomoresent thesurveys than900A.I.S. brought suggestionsforimprovements, theauthors can we rankjournalsby economicreturn?” r “ P A tions inCanada,South America,Asia,Europe and from theUnited States; therest worked atinstitu- (A.A.C.S.B. International). Some 87percent were Collegiate SchoolsofBusiness International schools accredited by theAssociationtoAdvance experience. faculty atvarious levels ofresearch andteaching tutions, tenured and non-tenured professors, and leges, doctorate-andnon-doctorate-grantinginsti- schools, menandwomen,private andpubliccol- board: from accredited andnon-accredited nals were responses. citedinthesurvey been publishedineachjournal.Sixty-three jour- r journals inwhichheorshehadpublishedA.I.S.- Each respondent listed thethree mostprestigious He had notbeenpursued. inaspecificjournal ship topublishinganarticle ies ofA.I.S.facultycompensationanditsrelation- counting informationsystems.But in-depthstud- business faculty—specificallyforfacultyinac- tion between publishingandcompensationfor formation systemsjournalsby economicreturn. Ranking A.I.S.Journals.” for theirpaper, “An Economic Method for I B R sor ofaccountingat T and herhusband, Thomas tion attheSimon School, turer ofbusinessadministra- elated withfacultycompensation?In otherwords, elated papersandindicatedhow manypapershad nformation Systems (A.I.S.)Educator Conference Which journalsare significantlyandpositively cor- h.D. orD.B.A.degree. Two-thirds ofthesurvey ribunella, assistantprofes- ustralia. est Paper Award from the2005Accounting ochester Institute of Technology, have wona idi Tribunella, F S cameinfrom across the Completed surveys Se pretest withfiveAfter asurvey professors that The Tribunella studytakesonthisissue,asking: Pr Their studyisthefirsttorankaccountingin- ixty-eight percent ofrespondents work at our-fifths oftherespondents hadearneda evious studieshave shown apositive associa- v enteen percent oftheprofessors responded. senior lec- Heidi Tribunella we ant orassociateprofessors. Lessthan17percent position, andsome64percent were eitherassist- R Pr America andEurope. salaries maybemuchlower thaninNorth for professors teachinginSouth America,where outlet probably isbecausetheyare theprimary association withsalary. But, theauthorssay, this theauthorswrite. tion fortheirefforts,” nals maybeabletojustifyincreases incompensa- F journals are equal intermsofcompensation.. with salary. paperclearlyshows thatnotall “This journals were likelytohave apositive association Science; tems; Journal ofPractice and Management Theory; & Management; The Journal ofInformation Sys- are: correlated tofacultysalaries. The eightjournals (Spanish) journals,inparticular, issignificantly eight journalsandasetofforeign-language mation tonegotiateimproved salariesandbenefits. andfacultycanusetheinfor- their topperformers, compensation packagesforfacultyandreward son: The results canhelpadministratorsdetermine packed withcuriousacademics—andforgoodrea- at theA.I.S.Educator Conference, theroom was S published inthe other academicfields. to testthegeneralizabilityofmethod” for search tootherareas ofaccountingandbusiness one’s career. . We couldalsoexpandthere- sation effectsofpublishingatdifferent stagesin stratified by facultyranktoexaminethecompen- ket. In addition,theywrite,“the analysiscouldbe ulty toallow insightsintotheinternationalmar- sample size andincludingmore internationalfac- search. The authorsrecommend increasing the aculty memberspublishingintheseeightjour- esearch; Intelligent Systems inAccounting, Finance ystems actice and Contemporary AccountingTheory; re The Spanish journals,however, hadanegative The Tribunellas foundthatpublicationin As part oftheaward,As part thepaperwillbe The studypaves thewayforexpandedre- When the Tribunellas presented theirpaper A

full professors. CM Transactions; Auditing: Journal of this year. (Research Paper FR06-05) and MIS Quarterly. R eview ofBusiness Information Thomas Tribunella sample heldatenured than 40percent ofthe teaching experience.More more years offull-time enced faculty, withsixor r espondents were experi- The eightindividual SB 2684 TXT8/25/0611:51AMPage15 ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE A unproductive capital—makingitharder forthemto bad times,value firmsare thussaddledwithmore sets, havinglittleflexibilityaboutcuttingcapital.In ture oftheirbusiness, theymustmaintainthoseas- manufacturers, are value firms.Because ofthena- ket betaislow. strategies, even thoughtheirspread inaverage mar- spread inaverage return between value andgrowth what hasbeencalledthevalue anomaly:ahigh is high.” tions, especiallyinbadtimes,whenthepriceofrisk “ He cal approach saysaboutriskandexpectedreturn. seeking aclearunderstandingofwhattheneoclassi- ous attackinfinance.” economics, hewrites,but“hasbeenunderstrenu- constraints.” ismaximizingsomething,despite tion, everyone takes, butthere are nomistakesonaverage. In addi- notes, “everybody isrational.One canmakemis- are formedrationally. wherewithin aneoclassicalframework, expectations r Zhangexamineshowthe article, riskandexpected stocks (stockswithlow book-to-market ratios).In ratios) earnhigheraverage returns thangrowth why value stocks(thosewithhighbook-to-market F F American Finance Associationand eturn are determined by economicprimitives assets inplaceare muchriskierthangrowth op- ebruary 2005editionofthejournal,investigates ebruary inance

Companies withalotofassetsinplace,suchas This mechanismhasthepotentialtoexplain In isaworkhorseThis framework inmanyfieldsof “In theneoclassicalwayofthinking,”Zhang shows that, contrary toconventional wisdom, shows that,contrary

his paper, Zhangrelies ontheframework, . “The Value. “The Premium,” publishedinthe fessor offinance,haswonthepresti- gious Smith-Breeden Prize—a top honor given annuallyby the n article by n article The ValuePremium Lu

Zhang, The Journal of assistant pro- site alsoincludesawiderange ofotherresearch papers. load copiesofrecent Simon Schoolworking papers. The in Rochester, N.Y. Logontowww.SSRN.com todown- Busi forthe“ResearchThe articles News” sectionof (Research Paper FR02-19) asset priceimplicationshave beenlargelyignored.” cycle andeconomicgrowth,” hewrites,“buttheir the literature on corporate policies,thebusiness utilization andhumancapital. economy—for example,learningby doing,capacity to linkassetpricesotherfeatures ofthereal the paper’s canbeextended neoclassicalframework andnotnecessarilyinreality.”ory He suggeststhat dictions from modelsimulations“holdonlyinthe- when thevalue spread (inbook-to-market) iswide.” expected value premium isatypicallyhighattimes ket signalstheopposite.In addition,hewrites,“the persistently low profitability, andlow book-to-mar- than growth—is thathighbook-to-market signals Among them—besidesfindingthatvalue isriskier empirical regularities related tothevalue anomaly. providing torationalize aunifiedframework many r risk inrecessions thaninbooms. demand highercompensationfor risk—which saysthatinvestors the countercyclical priceof than inexpandingcapital—and firms facehighercostsincutting re growth firmstodoso. r eturn toeconomicprimitives, educe theircapitalstocksthanitwouldbefor v ersibility—which impliesthat “ research,Zhang callsforfurther sayinghis pre- Zhang linksriskandexpected Zhang’s modelrelies ontwokeyfeatures: costly ness These topicshave beenanalyzed indepth we re

written by Sally Parker, afreelance writer SB S imon Lu

Zhang 15 SIMONBUSINESS Summer 2006 2684 TXT8/25/0611:51AMPage16

16 SIMONBUSINESS Summer 2006 C of Boston.“Iwelcome thechancetowork withhimagainasa M r M ve casts oftheeconomywithoverflowing audiencesforyears. We are nation’s understandingofbusinesscycles andhasshared hisfore- U dean oftheSimon School,”saysJoel Seligman, president ofthe U y nual economicforecasts inRochester, N.Y., andforthepasttwo nomic policy. For thepast26years, Plosser hasdelivered hisan- group ofeconomiststhatmonitorsandcommentsonU.S.eco- of theShadow Open Market Committee,anationallyrecognized money andbanking.Since asamember 1991,Plosser hasserved macroeconomics, economicgrowth, econometrics,financeand facilities.Hisart research andteachinghave primarilyfocusedon programs, studentquality, facultydevelopment andstate-of-the- Si dean from 1993–2003.During histenure asdean,Plosser ledthe School, where as he hastaughtsince1978,andwhere heserved and director ofthe Bradley Policy Research CenterattheSimon M. Olin Distinguished Professor ofEconomics andPublic Policy nity, tothechallenge.” andIlookforward warding insomany ways. positionisauniqueopportu- This new on my28years attheSimon School,theyhave beenextremely re- Ph signed March 31,2006. ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE Charles I.Plosser ecognition oftheSimon Schoolwhenhewasdean,”says ears inNew York CityandLondon. niversity ofRochester. “He hascontributedsignificantlytothe niversity ofRochester facultyfor28years, including10years as mon Schoolthrough aperiodofremarkable growth inacademic ry inehan, president andC.E.O.of The Federal Bank Reserve inehan aspresidents ofFederal Banks.” Reserve “Charles contributedenormouslytothegrowth, qualityand “Charles Plosser hasbeenadistinguishedmemberofthe An economistofinternationaldistinction,Plosser istheJohn “I amdelightedandhonored tohave beenchosentoleadthe iladelphia Federal Bank,” Reserve Plosser says.“As Ilookback

proud thatCharlesPlosser joinsUniversity Trustee CathyE. R To 1, 2006.He replaces AnthonyM.Santomero, whore- F and formerdean,hasbeenappointedpresident ofthe ederal Reserve Bank ofPhiladelphia,ederal Reserve eserve Bank of eserve harles I.Plosser,

Lead Federal P hiladelphia S imon Schooleconomicsprofessor effective August policy andresearch attheBank ofEngland. apolis asavisitingscholarandanadvisoronmonetary a year onsabbaticalattheFederal Bank Reserve ofMinne- V Council, andasamemberoftheboard ofdirectors of M chairman of forGraduateThe Consortium Study in Fo board memberoftheRochesteradvisory New Enterprise Ca as editorofthe inhiscareer.”challenge andopportunity wish himwell asheleaves ustotakeonthisexciting new scholarly andeconomicpolicyimpact,”saysZupan. “We “ School in2004,saysthisappointmentiswell deserved. O colleague intheFederal System Reserve andontheFederal J which iscomposedofeasternPennsylvania, southernNew government. The Philadelphia Fed the serves Third District, institutionsandthefederal todepository financial services banksandbankholdingcompanies,providingpervising policy,for helpingformulateandimplementmonetary su- and ahealthyeconomy. The Philadelphia Fed isresponsible system’s role istoensure asoundfinancialsystem primary the Federal System—the Reserve nation’s centralbank. The with theBoard of Governors in Washington, D.C.,makeup re U V ersey andDelaware. This wonderful honorisaptrecognitionThis wonderful ofCharlesPlosser’s anderbilt University, andhisM.B.A.Ph.D. from the iaHealth Inc., andRGS Energy Group. niversity ofChicago. gional Reserve Banksgional Reserve intheUnited States that,together pen Market Committee.” anagement andtheGraduate Management Admission P F D Ma The Federal Bank Reserve ofPhiladelphia isoneof12 r r um andtheUniversity Technology Seed Fund L.L.C., negie-Rochester Conference Series onPublic Policy, ollowing hisdeanshipattheSimon School,Plosser spent losser earnedhisbachelor’s degree inEngineering from uring hisyears attheSimon School,Plosser hasserved rk

Z upan, whosucceededPlosser asdeanoftheSimon J ournal of Monetary Economics ofMonetary ournal SB and the as an 2684 TXT8/25/0611:51AMPage17 S imon Seeks toSet New New —by Anne Field Tr W t esPirWr Experience Work Prior ith Less etadBihetStudents andBrightest Best end ntaieAm toAttract Initiative Aims E ryLeaders arly Innovative ™ 17 SIMONBUSINESS Summer 2006 2684 TXT 8/25/06 1:54 PM Page 18

WILLIAM E. SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

Early Leader or years, the accepted wisdom at most business Profile schools has been that applicants must have at least a few years’ work experience—typically four to six—to be admitted. But, at the Simon School, it’s not the traditional “business school as usual.” While Simon has historically Vladimir Vanyukov ’06 F been more open than many schools to accepting recent college graduates, faculty and administrators are now leading a renewed When Vladimir Vanyukov ’06 applied to the University of Rochester, he assumed he’d study commitment to recruit the best and brightest younger students computer science and make computers the cen- without requiring a lengthy résumé. “The Simon School is seek- ter of his career. Vanyukov, 22, moved to the ing to revolutionize the field of M.B.A. education by providing a United States from Russia with his family at the world-class graduate business education to a new group of age of 10. Speaking not a word of English, he prospective students—whom we call Early Leaders™,” says Dean attended the intensely competitive Bronx High Mark Zupan. School of Science, where he logged in many That’s why, this past fall, the School introduced its cutting- hours working with computers. He also spent edge Early Leaders award and scholarship programs. It offers spe- his summers working for an information technology company in New York City. cial scholarships to applicants with zero to three years’ work ex- As time went on, however, Vanyukov realized perience, who are nominated by anyone from an extensive that he found most of the day-to-day work to network of Simon School or University of Rochester alumni as be uninteresting and mundane. Then, in his well as 700 key influencers at top undergraduate liberal arts col- freshman year in college, he developed an inter- leges nationwide, including professors, career services experts, est in finance—and, he says, “I naturally found academic advisors and athletic directors. These individuals iden- Simon.” tify college juniors and seniors who seem to be likely candidates, With quite a number of advanced placement using such criteria as strong written and oral communication credits under his belt and a ferocious proclivity for hard work, Vanyukov chose to take an un- skills; exceptional academic performance; leadership ability; a usual step: what he calls “an accelerated 3–2 positive, “can-do” attitude; and the willingness to work hard. program.” That meant finishing his undergrad- Nominees are eligible to have the $125 application fee waived and uate degree in two years, with two separate ma- receive a Simon Early Leaders marble award. If they’re admitted jors, one in economics and one in computer sci- to the School, they become eligible for a $5,000 scholarship, at a ence, and then spending two years at Simon. “It minimum, and potentially, a full-tuition award. (For more infor- was tough,” says Vanyukov. “But if I’m going to mation on the Simon Early Leaders award and scholarship pro- go into investment banking, I figured I’d better get used to the hours.” grams, go to www.simon.rochester.edu/simonearlyleaders.) For Vanyukov, being a younger M.B.A. stu- The first Early Leaders award and scholarship recipients will dent was never a problem. For one thing, his enter the Simon School starting this fall. While Simon expects computer skills were a big help. What’s more, these students to comprise about 20 to 30 percent of the class, he notes, “I didn’t have that big break between over time, that could grow substantially to as much as 50 per- school and going back to school. I was still in cent. That’s considerably more than the 20 percent or so of non- an academic mode.” traditional students enrolled over the past few years. After graduation, Vanyukov got a job at J. P. School administrators say that the Early Leaders initiative is Morgan Chase & Co., where he also had a summer internship and where he’ll now be working uniquely suited to this group of students. That’s because the cur- with private equity clients. As if that weren’t riculum has long emphasized an economic and analytical bent, enough, he also intends to continue his involve- rather than the case method—used by many other schools—that ment with debating, a major interest in high may be more appropriate for the student with substantial work school and college, by volunteering as a tourna- experience. “Pedagogically, we’re already set up to serve younger ment judge when the Rochester team comes to students because of what our curriculum emphasizes,” says New York City. Says Vanyukov, “It will be diffi- Gregory V. MacDonald, executive director of M.B.A. admissions cult to keep up, but it’s really important to me BUSINESS 2006 Summer and administration. to maintain excellence in all my endeavors.” SIMON

18 2684 TXT8/25/0611:51AMPage19 School hasalsooffered whathasbeencommonlyreferred toasa with theirfirstyear ofbusinessschool.More informally, the undergraduate studies,by combiningtheirlastyear ofcollege students have longbeenabletoenterSimon straight from their for Simon. Through its3–2program, University ofRochester with theirstudies. or,leave ahighsalary inmanycases,jugglefamilyresponsibilities reasons: whole. The tion ofyounger studentsislikelytobenefittheSchoolasa for prospective y age ofwomenandminorities,whomaynotwanttowaitfive School alsohopesthattheprogram willattractalargerpercent- fearless whenitcomestotheworkload,” saysMacDonald. The meet thepaceofatopM.B.A.program. “Younger studentsare demic program, they’re stillintheacademicshapeneededto cause they’re comingstraightfrom arigorous undergraduateaca- they work well onteamsandtendtobeopen-minded;be- ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE ears before applyingtobusinessschool. costs The opportunity A What’s more, theadministratorsnote,havingalargerpopula- ccepting promising younger applicantsisn’t somethingnew Ea r ly Leaders Ea r ly Leaders are lower sincetheydon’t have to generally excel intechnology; thing,” hesays. can handlethat,you canhandlemostany- married andworking 20hoursaweek. “If you going toschoolfulltime,butwasalsonewly Throughout histwoyears, hewasnotonly as thetimemanagementabilitieshedeveloped. the analyticalskillshelearnedatSimon, as well billion division. No a localcompanybefore landingatStaples in another corporationin1997,Doody moved to U Eu sales representative toheadofcopyproducts in copyproducts divisionfromway upinthenew during hislastyear ofschool—heworked his time two summersasaninternandworked part ing andsales.At Kodak—where hehadspent work forEastmanKodak Companyinmarket- do thesamething,”hesays. opportunity. “If Ihadtodoitallover again,I’d about businessschool,immediatelyseized the R sor suggestedheapplytotheUniversity of nomics work by hisjunioryear. When aprofes- hewouldcompletehiseco- nomics, knew supply giant. Yo experience, from theState University ofNew ent: He hadjustthree years ofundergraduate also rightoutofcollege.But Doody wasdiffer- of Management), mostofhisclassmateswere S St now president ofNorth for AmericanDelivery The move himwell. Doody, hasserved 53,is and firstyear ofbusinessschoolinoneyear. M.B.A. by combininghislastyear ofcollege first studentsatthebusinessschooltogetan B Joseph G.Doody’75 imon School(thencalledtheGraduate School ack when ochester, Doody, whowasalready thinking nited States. When thedivisionwassoldto aples, D After graduatingfrom Simon, Doody went to D rk Profile Leader Early r v ope, andthentogeneralmanagerinthe ember 1998.Now, he’s inchargeofa$5 oody credits agood dealofhissuccessto oody, adoublemajorinmathandeco-

at Brockport. In fact,hewasoneofthe the Framingham, Mass.-based office J sp .Doody ’75 oseph G. applied tothe 19 SIMONBUSINESS Summer 2006 2684 TXT8/25/0611:51AMPage20 20 SIMONBUSINESS Summer 2006 corporate cultures tounlearn,”shesays. corporate America,soIhadnobadhabitsor experience tobeaplus.“Ihadnotrainingin S to drawon. Then, onceshewasenrolled at O large groups fortheUndergraduate Admissions U Coldwell Banker, aswell asofficework atthe about. It’s exciting prospect.” avery andseewhatthebankis these departments M.B.A. I’m goingtobeablerotate through providingservices, whatBeyer calls“a second and acquisitionstoprivate wealth management work inmanyareas ofthebank,from mergers Mo people withconsiderablymore work experience. says, compares “pretty well” topayearnedby C agement associatesprogram at three joboffers,finally choosingoneinaman- “ School studentsandprofessors and,shesays program. She visitedwithanumberofSimon toapplythe3–2 she hadtheopportunity thanks toherexcellent academicperformance, ish infouryears. Then, inherjunioryear, ogy andminored inFrench, figuringshe’d fin- about bothplaces,”shesays. understand whatauniversity was,theytalked the businessschool.“As soonasIwasableto dergraduate, andherfatherhadgraduatedfrom mother hadattendedtheUniversity asanun- of Rochester andtheSimon School.Her she’dalways knew applytoboththeUniversity M Gr Danielle Beyer’06 fell inlove withtheSchool.” imon, shefoundherlackofbig-company orporation niversity andstintsasatourguideleading ffice, Beyer figured shehadenoughjobsavvy ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE exico City, Mexico, W At As anundergraduate,Beyer studiedpsychol- Profile Leader Early o re wing upinSan Juan, Puerto Rico,and

ith summerjobexperienceworking for

22, Beyer finishedhersecondyear with than that,itprovides to anopportunity in Cleveland, Ohio. The salary, she D nel ee ’06 anielle Beyer N ational City T leaders as dents. Non-traditional alumniincludesuchinfluentialbusiness S 4–2 program, inwhichstudentsfrom anycollegecanattend R strategy at Am executive vicepresident at and formerC.O.O.ofitsEuropean region; qualified, promising studentswhofitthe I and Hobart and William Smith CollegestotheUniversity of with 20to30undergraduateinstitutions,rangingfrom Lafayette example, theSchoolisforging“direct admissionpartnerships” Mo daho. Through thesearrangements,collegespinpointhighly imon withoutwork experience. ravelers; othschild; These programs have attractedanarrayoftop-qualitystu- No rgan Securities, Europe. erica; w Simon isrevving upeven itstraditionalprograms. For G J J ay S.Benet ’76, E oseph T. Willett ’75, ino Santini ’83, and li Lilly; D ag Skattum ’86, N eil Augustine ’89, Pr vice chairmanandC.F.O. at senior vicepresident ofcorporate udential Insurance Company of former C.F.O. at managing director at managing director at Ea Ma r ly Leaders rk

B. Grier ’80, M errill Lynch profile. J. P. S t. Paul 2684 TXT 8/25/06 11:51 AM Page 21

WILLIAM E. SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

Early Early Leader Leader Profile Profile

Kevin Sheldon ’04 Tom Starin ’06 Kevin Sheldon ’04 always planned on combining When he was in college at Penn State, Tom Starin technology and business; he just wasn’t sure how. At ’06 had two overriding interests. One was his major, Rochester Institute of Technology, where he majored meteorology. The other was something decidedly ex- in management information systems, he tried out a tracurricular: in his freshman year, to make some number of computer-related job assignments through the R.I.T.’s co-op program during his summer breaks. extra spending money, he founded a startup buying “I realized how much more I enjoyed the business and selling baseball cards. side of things than the technical side,” he says. The Starin, 24, an avid sports fan, decided to approach result: Sheldon, 25, decided to go into a business ca- the business as a kind of arbitrage, using such Web reer at a technology company. sites as thepit.com and eBay. “When collectors were But when to go? With some work experience, as most interested in buying, during the regular season, well as extracurricular leadership activities in student I would be selling,” he says. “And I would buy in the government, Sheldon felt he was ready to head right off season at a time of lower excitement.” Starin says to business school from college. When a professor suggested the Simon School, Sheldon realized it was he earned about a 75 percent return annually, mak- the perfect place. ing enough to pay off some of his college loans and At Simon, Sheldon concentrated on corporate to buy textbooks. strategy, taking a lot of courses in finance and mar- When it came time to think about his next step, keting as well. But he also did much more. For one that entrepreneurial experience helped Starin deter- thing, he served on the VISION Committee, a group mine what direction to follow. Although he found of 10 to 12 students who manage the student-run meteorology fascinating, it didn’t seem like a good portion of the M.B.A. orientation program that immerses students in topics such as leadership, ethics, bet for the future. “It requires a lot of moving teamwork and corporate social responsibility—all around, it’s not conducive to having a family and the important to their success in business. He also was money isn’t as good as I would like,” he says. On the president of the High-Tech Management League, a other hand, Starin’s success in entrepreneurship club for business students interested in technology opened up a new horizon that, he notes, “helped to industries. As part of his work, Sheldon organized the build my passion for business.” So, in his junior year, first Simon Technology Conference, a daylong event Starin determined he would apply to business school. in which panels of alumni and professors discussed When he heard about the Simon program and its in- I.T. consulting, the software industry and other topics. terest in accepting students straight out of college, he Less than a month after graduating, Sheldon figured it was the best place to apply. moved to Dulles, Va., to work for America Online Will he start his own full-fledged company some International (AOL L.L.C.), doing marketing analy- day? Starin says he’ll always have what he calls “a lit- sis. The job involves strategic and financial analysis, tle side business.” But, with plans to start working as focusing on pricing and product strategies; it’s work a financial analyst at Xerox Corporation, where he for which he feels the financial quantitative skills he had an internship last summer, anything more ambi- developed at Simon have been invaluable. But, more tious seems unlikely—for now. “My Simon School than that, he’s also benefited from the lessons he learned about corporate culture and how businesses experience,” he notes, “has given me a great opportu- operate. “Simon taught me a lot about the way orga- nity in whatever I choose to pursue.” nizations think about strategic options,” he says. His long-term plan: to become a marketing executive for

a large technology company. BUSINESS 2006 Summer SIMON

21 2684 TXT8/25/0611:51AMPage22 22 SIMONBUSINESS Summer 2006 that It Kathy N.Waller ’83 company vicepresident. nal auditatthe off handsomely. Today, Waller ischiefofinter- School. their M.B.A., Waller appliedtotheSimon ment, whichassistsminoritieswhowanttoget forGraduateConsortium Study inManage- M.B.A. mightbeagoodidea. Through The monthsintoit,hersistersuggestedthatan few gram. Waller, 47,loved thework. Afterjusta managing thesummeryouth employment pro- budget bureau fortheCityofRochester, then her B.A.degree in1980,firstworking inthe v major attheUni-to businessschool.Ahistory didn’t matter,” shesays. had alotofaccountingbackground, soitreally inhermajor.particularly “None ofthestudents experience never posedaproblem, shefeels, that herarea ofconcentration.Her lackofwork she enjoyed accountinganddecidedtomake during herfirstyear, shediscovered how much A member oftheSimon SchoolExecutive vice president inDecember 2005.She isalsoa was namedchiefofinternalaudit,andthen, counting andresearch In department. 2004,she Company asasenioraccountantintheac- town. Then, in1987,shejoinedCoca-Cola when Waller requested atransfertoherhome- sand inthecar.” years, That stoppedafterafew she says.“Ialwayskeptashovel, tire chainsand where theroads were notwell takencare of,” ing you were expectedtodrive toasmalltown r ticed it.But, especiallyasapublicaccountant, ro A R H egardless ofthe weather, Monday every morn- ersity ofRochester, shegotajobaftergetting dvisory Committee. dvisory

tlanta, Ga., thiswaswhere thesnow hitthe ochester. According to Waller, whogrew upin askins andSells publicaccountingfirm,in ad. “When Iwasastudenthere, Inever no- ad. “When ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE wasn’t untilaftershegraduatedfrom college W The decisiontofollow hersister’s advicepaid H Profile Leader Early er firstjobpost-Simon wasatDeloitte K aller’s intentionwastostudyfinance.But, athy N. Waller ’83 C oca-Cola Company considered applying and a general management,taughtby Simon Schoolfaculty. tion. Topics includedmarketing, accounting andfinance, tion, introduced studentstothebasicsofbusinessschooleduca- lege juniorsorseniorsgraduateswithintwoyears ofgradua- experience,” saysZupan. The three-week offering,opentocol- polish undergraduatecandidateswithnopriorformalbusiness S dents, however. This summer, offeringa theSchoolstarted Ea by and15receivedparticipated, full-scholarshipoffers. the firstweekend, heldinMarch 2006,40prospective students faculty andalumniacampustour, amongotheractivities.At with 60 applicants,involves acase-studypresentation, interviews cial scholarshipweekend. The three-day competition,forthetop Leaders, ten for A their sleeves andshow thattheycanaddvalue,” saysZupan. bright, motivated M.B.A.graduateswhoare willingtoroll up other nationalpublications. ummer Business Institute @Simon, whichaims“to attractand nne Field isafreelance writerbasedinPelham, N.Y. She haswrit- In Those aren’t theonlySimon programs aimedatyounger stu- U

r r ly Leaders ecruiters. Soecruiters. far, theyhave indicatedastrong interest inthe ltimately, thereal testforSimon’s willbetheresponse efforts

addition, allSimon Schoolstudents,including h e okTms Fortune The New York Times, are eligibletocompeteforfullscholarshipsduringaspe- initiative. “Recruiters tellustheywanttoattract and Bu sinessWeek, Early among SB 2684 TXT8/25/0611:52AMPage23 a nteLf tProcter &Gamble intheLife at A Day W including Gillette’s andBraun’s shavingandgrooming products, theOral-B long distanceanotherSimon alumnabasedinChina.Here are theirperspectives onaday inthelifeatProcter &Gamble. alumni. We recently spentadayatProcter inCincinnatiwithouralumnibasedthere, &Gamble headquarters and interviewed ice, emergedinthe1980’s asAmerica’s acquisitions,including largestmultinationalcorporationthrough aseriesofimportant introducing breakthrough products likeFebreze is seeminglyendless. many more topnamebrandstoitsimpressive includingOlay portfolio, No Dreft months. Lastyear, P&Gacquired the The Gillette Company, addingfive more billiondollarbrandstoitsproduct array offragrancesandcosmetics.More recently, P&Gacquired Tambrands (makersof Tampax in Cincinnati,Ohio, withtwoproducts: Star CandlesandIvory Pr Pr Pr octer &Gamble employs almost140,000peopleinmore than80countries;38of thoseemployees are Simon School r wich EatonPharmaceuticals, Richardson-Vicks, Noxell, Max Factor, Ellen Betrix andGiorgio ofBeverly Hills, adding octer &Gamble, known from wayofdoingbusinessandimpeccablecustomerserv- thebeginningforitsforward-thinking octer & Gamble is synonymous with trusted, quality brands that have been a part offamilylifeforgenerations—Ivory qualitybrandsthathaveocter &Gamble beenapart issynonymouswithtrusted, ® , Camay distress throughout theUnited States, theircompany withbanksclosingnationwide,thebrothers-in-law started ® 1837, littledidtheyrealize theglobalmarketing giant , Tide hen William Procter andJames Gamble joinedforces toestablishtheirsoapandcandle-makingcompanyin ® , Crest ® , andlater, Charmin ® , Dryel ® , Downy ® and Swiffer ® , Pampers ® S oap. The rest, astheysay, ishistory. Pr ® —sold around theworldinaperiodoflessthan18 ® ® octer &Gamble , Folgers , Cover Girl ® dental care lineandDuracell ® , Pringles ® , Noxzema —by Charla Stevens Kucko would become.At atimeofeconomic ® , Bounce ® ) andIams ® , Pantene ® and Always ® batteries. ® ® , Cheer pet foods,while ® portfolio, ® . The list . The , andan ® , 23 SIMONBUSINESS Summer 2006 2684 TXT8/25/0611:52AMPage24 24 SIMONBUSINESS Summer 2006 E one ofP&G’s mostpopularhaircare brands,Pantene she moved tobeautycare asaseniorassistantbrandmanagerfor Bounce. Her stintinfabricandhomecare endedin2002,when H K moved toGuangzhou, China(abouttwohourssouthofHong later, Changwaspromoted tobrandmanagerforPantene and ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE ro inaspecialcustomer-marketing part-time Bounce, butalsoserved she returned toP&Gasafull-timeassistantbrandmanagerfor strategies forBouncefabricsofteners.Aftergraduatingfrom Simon, continuity,” shenotes. building atremendously loyal employee basewhichinturndrives tinue winningbecauseittreats employees asitsnumberoneasset, together. “Ifullybelieve thiscompanyhasthestayingpower tocon- husband agreat role inthecompanysotheycouldmakemove detailofthemoveThe companymanagedevery andeven foundher ple.” Changsayshermove toGreater example. Chinaisaperfect brands, Ididn’t expectthededicationthiscompanyhastoitspeo- thatcomefrom workinglearning opportunities onsuchpowerful Ifullyexpectedtheexcellent trainingand ence,” saysChang.“While listening toourconsumer, we meetherneedsonterms,”Chang Is putting consumersfirst,honoringthecompanymotto,“Consumer Emily Chang’00 ong) tomanagetheGreater Chinabusiness,includingChina, ong Kong and Taiwan. “

le managing cross-category ideasbetween le managingcross-category Tide Boss.” ChangsaysP&Gemployees live by thisphilosophy. “By In Wo

addition tobeingloyal toitsemployees, P&Gisalsonotedfor r king foracompanylikeP&Ghasbeenanincredible experi- intern, thePittsford, N.Y., native cameupwithbranding G since herinternshipinfabricandhomecare at mily Chang’00 amble after herfirstyear attheSimon School.Asan has come a long way in a short time has comealongwayinshort ® , Downy ® . Twoyears Pr ® and octer & and stretching.” sinceitlandedmeinajobthatIfindfulfilling,excitingparticularly chance toexplore different possiblecareers wasaninvaluable gift, like consulting,financeand,ofcourse,marketing. Having hadthe career possibilitiesandhelpedmegainaccesstodifferent industries ness, IlearnedatSimon,” shesays.“Simon openedmyeyes tonew Ilearnedaboutbusi- school, soIcanhonestlysaythateverything in allaspectsofherjob. “Before Simon, Iwasheadedtomedical B degree inBiology attheUniversity ofRochester, withaminorin product andcommercialnew innovation. Chang,whoearnedaB.S. r from profit/loss tomonthly volumeinclude everything forecasting to team ofabout30peoplethroughout theregion. Her responsibilities (one inHong Kong, onein Taiwan), andleadsacross-functional team ofsixinChina,works withtwootherassistantbrandmanagers back revitalized, withmore creativity andenergy,” shesays. away andthinkingaboutsomethingelseactuallyenablesmetocome “ and pursueotherhobbies,includingpainting,tennisreading. to work outthree timesaweek, beanactive memberofherchurch, around 9a.m.andendsaround 7:30p.m., allowing herenoughtime and toturnthatunderstandingintobrilliantbusinessplans. is tohave apassion—akeeninterest tounderstandtheconsumer cockroaches, takesomegettingusedto,”shenotes. ing country, likerandomelectricityshutdowns andrat-sized ited English-speaking skillsandotheraspectsoflivinginadevelop- plains. “Working inChinaisextremely lim- exciting, butthevery M “People don’t understandhow aChinese-lookingwomancanspeak v the beginning,butasherlanguageskillshave improved, shehasde- the language.Her inabilitytocommunicatewasamajorhurdle in in China.Because sheisAsian-American,peopleassumedspoke littleMandarin, thenativederstood very language,whenshearrived China,” sheexplains.“Ithrive onthevariety.” citiesin spent aweekend livingwithconsumersinsmallrural flown toShanghai tokickoffPRevents withcelebrities,andhave nerships. She travels onbusinessabouttwiceamonth.“Ihave part- ing withmagazineeditorstobrainstormupcomingadvertorial claims madeinPantene marketing, anothercouldbespentnetwork- be spentmeetingwithgovernment representatives todiscussthe delight themby showing we’ve heard we do.” themin everything spending qualitytimewithourconsumers,grow withthemand to become the number two brand in our portfolio,” sheexplains. to becomethenumbertwobrandinourportfolio,” etailer relationships andco-marketing development toadvertising to The longerI’ve spentonthisjob, themore Irealize thatbreaking eloped adifferent challenge—peoplenow assumesheisanative. able togrow thebusiness23percent, outpacingHead &Shoulders and by onPantene, leveraging anaminoingredient story we were ket aboutaminoacids.“Skin care isahugepriorityhere inAsia, cause we are intunewithtrends.” says. “That’s how we are abletostayaheadofthecompetitionbe- iomedical Engineering, saysherSimonwell M.B.A.hasserved andarin butneedthemenuread itemby itemtoher,” Changex- Chang sayshergoalforPantene isclear:“We willcontinue The keytoasuccessfulcareer inmarketing, according toChang, Wo The job, however, hasn’t beenwithoutitschallenges.Changun- No T eamwork isakeyingredient toChang’s success—shemanagesa A primeexampleistherecent shakeupintheGreater Chinamar-

r two daysare thesame, according toChang.One daymight k-life balance is very important toChang.Her important workdayk-life balanceisvery starts ® 2684 TXT 8/25/06 11:52 AM Page 25

WILLIAM E. SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

Maurice Coffey ’96

aurice Coffey ’96 led the brand management team that created and launched the household cleaning product, Swiffer®, now close to becoming Procter & Gamble’s 17th billion-dollar brand. Coffey’s career at P&G began in 1995 with a summer intern- M ® ship in marketing Bounce dryer sheets. After graduating from Simon, he landed a full-time position as assistant brand manager for Bounce, going on to become assistant brand manager for Dryel® in the United States, and later in the United Kingdom; brand manager for new business development projects; and, most recently, brand manager for Swiffer®. Currently, he is associate marketing director for global strategy for Febreze® air care and Cascade® and Fairy® automatic dishwashing detergents. Working for a company with so much history, tradition and staying power has been a life-changing experience for Coffey. The contributions P&G has made to the marketing industry over the past century have been monumental. “It’s pretty powerful, and yet daunting, to be part of a company that is unmatched by any consumer goods company in the world,” Coffey says. “Our current C.E.O., A. G. Lafley, continues to reinforce the focus on our motto, ‘Consumer Is Boss,’ and our attention to consumers’ experiences with our brands at the ‘First Moment of Truth’ when they are choosing which brand to purchase.” Coffey says P&G’s global branding scope is immense. “P&G gets credit for introducing the business world to brand management in the 1930’s, but what is rarely discussed is its establish- ment of category management in the 1980’s and more recently our global business unit organizational design,” he says. “Our organizational structure allows us to maintain and develop a global brand while encouraging regional expertise to make localized decisions that best address the needs of consumers.” For Coffey, success on the job is a direct result of personal lead- come one of P&G’s first multimedia service brands. Coffey recently ership. “Within P&G, we often refer to the ‘Five E’ model to de- helped to create and launch the Home Made Simple® weekly televi- scribe effective personal leadership—envision, engage, energize, sion program, which airs on The Learning Channel on Sundays at enable and execute,” he says. “Strategies, policies, positions of title 1 p.m. E.S.T. “My global responsibilities often require international and books on management technique won’t take you nearly as far travel where I’m either involved in multifunctional global strategy as personal leadership.” meetings or visiting the homes of global consumers trying to un- The common thread for all of the Simon alumni at P&G we derstand their unique needs,” Coffey says. profiled was passion. Coffey’s advice for students: “Define your Despite the demands of his position, Coffey works hard to pre- personal set of principles. What do you believe in? What are you serve a work-life balance by spending family time with his wife, passionate about? How do you define integrity? What energizes Lela (who also works at P&G as associate marketing director of you to be at your best? What enables you to keep your focus on Tampax® feminine brands), and their two daughters, Mikaela, 4, the long-term objective during times of short-term peaks and val- and Mikenzi, 6 months. He also invests time in personal pursuits, leys? Once you are clear about what drives you, find the job and such as being an active member of his BMW Club, mentoring company that allows you to thrive within an environment that youth with the Big Brother/Big Sister program, coaching his supports your personal principles.” daughter’s soccer team and, when he can, playing golf. In his current position, Coffey is responsible for Febreze and Coffey, who earned a B.A. degree in Finance and Marketing Cascade global business strategies and organizational collaboration from Drexel University, says his Simon M.B.A. had a huge impact across North America, Western Europe, Northeast Asia and Latin on his career. “Quite simply, I could not have achieved this level America; leading marketing diversity efforts within his North of success without my M.B.A.,” Coffey says. As for the value of American business group unit; managing several multi-brand, en- his Simon degree, Coffey says, “M.B.A. application in 1994: $75; tertainment marketing and alternative media programs within the crates full of textbooks that I was too cheap to sell back for 20 company; and ongoing brand creation for Home Made Simple®, an percent value: $1,500; value of my Marketing and Finance con- BUSINESS 2006 Summer online consumer relationship marketing tool that is growing to be- centration at the Simon School: priceless.” SIMON

25 2684 TXT8/25/0611:52AMPage26 26 SIMONBUSINESS Summer 2006 ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE Deborah Soffin’01 U both dogsandcats).Iams isalmosta$2billionbrandglobally. later, forGain she says. “I truly believe thattheproductsshe says.“Itruly we makeimprove consumers’ lives.” tremely tobeablemergemylove fortunate formarketing withmylove foranimals,” This pastApril, shetraveled toSouth Africatowork atanAIDShospice. In withhertwoNeapolitanfrom P&Gheadquarters, mastiffdogs,Diamond and Topaz. Ma CapGemini andAT&T. In additiontoherSimon M.B.A.withconcentrationsin waterhouseCoopers inNew York City, where her clientsincludedtheNFL,NBA, D niversity.

O P S As forthefuture, Soffin, likemanyofhercolleagues,planstostayatP&G.“Iamex- her spare work, watchingmovies time,sheenjoys doingmissionary andcooking. r offin, 31, started atP&GinAugustoffin, 31,started 2001asassistantbrandmanagerforDryel rior toP&G,Soffin worked asaseniorassociateinauditassuranceforPrice- keting andFinance, sheholdsaB.A.degree inAccounting from Michigan State riginally from Buffalo, N.Y., Soffin currently lives inCincinnati,Ohio, notfar keting strategyfortheIams wet petfoodbusiness(cansandpouchesfor eborah Soffin ’01 position asbrandmanager, pethealthandnutritionglobalwet design,for Pr ® laundry detergent,where shelaunchedGain plusa laundry Touch ofSoftness octer &Gamble pave thewayforotherswhowillfollow inyour footsteps.” thingshelearnedatSimon,portant shesays,was“to help cess Ihave hadinmycareer atP&G.” The singlemostim- gram inthecountry,” isevidentby thesuc- Soffin says.“This S intern duringavisittoSimon believe my in2000.“Itruly signment inthePhilippines, whorecruited herasafinance Pa nutritional needsofamultiple-cathousehold. Cat fill aneed.For example,Soffin commercialized Iams Multi- leaderby products introducing to new the petfoodcategory continually attheforefront ofinnovation.” Iams hasbecome any unmetneedsthattheconsumermayhave allow ustobe lar culturalneeds.Understanding your ‘who’ andidentifying differently tomeet varied consumerinsightsbasedonparticu- S carefulhave tothinkgloballyinmyposition,” tobevery ing, agencymeetingsandcross-functional strategysessions.“I frequently travels overseas fordeeperconsumerunderstand- budget fortheupcomingyear,” Soffin says. junior assistantbrandmanageronplanningthemarketing breakthrough innovation, andthenextIcanbecoachinga day Icanbeleadingmycross-functional teamtodeliver ona ever-changing environment,” there isnotypicalday. “One that ispure satisfaction!” S something thatyou created tofinishontheshelf,” from start “ ences andbehaviorwhenitcomestopurchasing petfood. products onthemarketnew andexamineconsumerprefer- stores product placement,research toview of localgrocery to hercurrent position in2005. assistant brandmanagerforIams catfoodandwaspromoted S There isasenseof prideandaccomplishmentwithseeing imon M.B.A.isonparwithanyhighlyratedpro- offin explains.“P&Gbrandsinothercountriesare marketed aconsumerpicks ituptopurchase it— offin says.“When he madetheswitchtopethealthandnutritionin2004as S S In These days,Soffin canoftenbefoundinthepetfoodaisle r is Watts’90, Stanfield ™ offin credits herentree toP&Gfellow Simon alumna ince sheisresponsible forglobalmarketing strategy, Soffin

combines herpassionformarketing andanimalsinher , thefirstfoodspecificallydesignedtomeetunique a jobSoffin describesas“never adullmomentinan ’s Iams ’s ® pet foodproducts. Soffin oversees globalmar- a financedirector working onas- ® and ® . 2684 TXT8/25/0611:52AMPage27 Mr. Clean time ontheGain brand,latermoving intomarketing Swiffer After graduatingfrom Simon, hereturned toP&Gwork full products, andKen saysheloves hisjob. “There’s notamonththat manager. It takesapretty self-confidentmantomarket feminine stayed withever since.Ken isnow theNorth AmericaAlwaysbrand T keters how todotheirjobbetter.” information toolsacross allP&Gbrands,”hesays.“Itrainmar- gram. “I’m responsible fortraininganddeploying knowledge new or P&G’s Marketing University, pro- anin-housemarketing mastery marketers intheNorthtraining new Americanregion through became brandmanager, North Americanmarketing, responsible for ment wastargetingtheteenmarket forAlways the organizationwantedmetocomeback,”hesays.His firstassign- had more career stabilityintraditionalmarketing andfortunately thedot-combusthappened,Ifiguredteractive I marketing. “When Commerce. During thattime,hedidaninternshipatP&Ginin- to pursueanM.B.A.atSimon, concentratinginMarketing andE- before makingthetransitiontoprivate sector. Then, hedecided He r with aninternshipworking onmarketing Gain ate oftheSimon SchoolClassof1998,beganhiscareer atP&G uct launch—Swiffer Dusters K Michael Burkeen’98and eer paththatwassimilartohisbrother’s, butwithanaddedtwist. K enneth Burkeen‘02

attended West Point forfive years asanarmy officer andserved enneth Burkeen, talent. ® G . He crowned thatexperiencewithhisfirstmajorprod- M amble. he Burkeen brothers are adynamicduoat ichael Burkeen T ogether, theyare apowerhouse ofmarketing who graduatedfrom Simon in2002,hadaca- ® . Three years ago,heshiftedroles and (at rightinthephotoabove), agradu- ® ® —a brandhehas laundry detergent. laundry Pr octer & ® and still can’t becaught.” guys Iusedtoplaypickupbasketballwith,they’ll begladtoknow I football. “Our teamhaswon12ofthelast15championships.For the spective livingrooms. Ken enjoys cooking,andMichael playsflag gage infierce PlayStation sonal cleansingcare bodywash.In theirspare time,thebrothers en- Ke feel boundby your brandcharacterandwhatitstandsfor.” want tobeablecreate andexciting new things,you maysometimes that responsibility. For thosewholikeamore fluidtypeofjobor he says.“It canattimesbestressful becauseyou know thatyou have products comingoutandtokeepdelightingtheconsumer,”keep new asenseofresponsibility to of thatbrandanditsimageyou carry have aheritageandhistory. Asabrandmanager, you are asteward and acurse.“For it’s themostpart, ablessinginthatthese brands tion andstayingpower? Ken saysP&G’s isbothablessing history the otherbrandsinourportfolio. It complex.” wasvery “Y petition, you’re alsomarketing versus your own company,” henotes. detergents, soasmuchyou’re marketing againsttheoutsidecom- care. “Wesignment, inlaundry have abouteightdifferent laundry to reach ourconsumer.” It wasawelcome departure from hisfirstas- S hesays.“Sincechanging thewayourcompanydidadvertising,” three-minute infomercials. “It wasexciting tobeonabrandthatwas departure from approach thetypicaladvertising by doingtwo-to marketing Swiffer, heenjoyed alotofthatfreedom—taking ahuge to work on‘new totheworld’ products,” hesays. When Michael was freedom abouthow you gotomarket, how you it’s advertise; exciting brands, likeSwiffer. brandallows “Being onanew you alotmore Both enjoy theflexibilitythattheirjobsafford. but involves planningseven weeklong trainingsessionsperyear. working longerhourswhennecessary. Michael’s scheduleissimilar On ent things. There are anduniquechallenges,”saysKen. alwaysnew yo working onthree different product launches,sodependingwhere P&G, bothbrothers agree theirschedulesvary. “Rightnow, I’m membered their favorite facultymembers—forKen, itwas lytical skillsasbeingmostvaluable forhim.BothBurkeens re- cites theteamwork, thediversity ofhisSimon team,andtheana- been helpfulinworking atP&Gsinceitisaglobalcompany. Ken points tothediversity ofthestudentbodyatSimon, whichhas with programs. Michael recalls hisfavorite classwasbrandmanagement hear recently received apromotion toassociatedeanforM.B.A. P chuckles. they cleantheirhouse—‘Idoitonceaweek.’ Yeah, right,”he “ goes by where Idon’t read need? That’s whatittakestowin,”saysKen. passion you need.How canIprovide aproduct thatwillfulfilla all underthepremise, ‘I’m doingitforwork,’ butthat’s thekindof Although Ihave foundthatpeoplewillfudgeabouthow often wiffer needed so much explaining, the infomercial was a perfect way wiffer neededsomuchexplaining,theinfomercial wasaperfect osavac, ou hadtomakesure you weren’t sayinganythingnegative about u are phaseofalaunch,you maybedoingdiffer- inaparticular As thelaughtersubsideswhenaskedaboutatypicaldayat M On M S M n’

o, whatisitliketowork foracompanywithsuchhistory, tradi- average, hesaysworks 50hoursaweek, buthasnoproblem s wife,Colette,alsoworks atP&Gasaproduct researcher inper- ichael andhiswife,Annette,have twochildren, ages4and2. ichael hasenjoyed towork onnew havingtheopportunity ichael saysworking oncleaningproducts isalotlesspersonal. P

the keytakeawaysfrom hisSimon experience,Michael aul Nelson, associate professor ofmarketing, whohewashappyto professorial lecturer ofmarketing. ® competitions ontheInternet from theirre- CosmoGirl, Teen Vogue, and T een People, S teve 27 SIMONBUSINESS Summer 2006 2684 TXT8/25/0611:52AMPage28 28 SIMONBUSINESS Summer 2006 Brian Rhame’85 ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE many opportunities forgrowth.”many opportunities can work for40years andfinddifferent thingstodoandbepretty happyaboutit. There are so advantage tothat.My desire istoretire from P&G.It’s goodtowork foracompanywhere you r me out. The only reason Iwould leave P&Gistopursuesomethingtotallydifferent. There’s no feeliswhatIremember mostaboutSimon.calls. “The They were funyears.” ing professors inthehallsandchattingwithfellow students—itfeltlikeacommunity,” here- we he canarrangehistravel tofitintotheirpersonalschedules. hobbies revolve around hischildren—soccer, skating,events, Sunday School.Most ofthetime school andthengotowork.” working, Iwouldhavethat onceIstarted just continuedworking, soitwaseasiertofinish “ S anyone whoenjoys economicsandanalysis,there are justahandfulofprograms tolookat,’and B eason Iwouldwanttoleave andgosomeplaceelsedothesamething. There wouldbeno getting on with it. I had the opportunity after undergrad to go out and work, but the truth is afterundergradtogooutandwork, butthetruth getting onwithit.Ihadtheopportunity imon wasoneofthem.” The advantage ofbeingayounger M.B.A.student, Rhamesays,was As forthefuture, RhamesayshewillstayatP&Gindefinitely. “I’ll stayhere untiltheykick On Rhame sayshisfamilyisextremely butwilltellhimwhenhe’s supportive, overdoing it.His re

second tonone.But it’s thecollegialatmosphere heenjoyed themost.“Iremember meet-

his experienceatSimon, Rhamesaystheeconomics-basedanalyticaltoolshegainedhere “ studied economicanalysis.“My professors toldmeaboutSimon,” Rhamerecalls. They said, ‘There are M.B.A.programsThey said,‘There andthere are M.B.A.programs, butfor directly outofundergraduatestudiesatSouthern Methodist University, where he r ian Rhame’85 y critical things,andifyou leave theofficewithoutgettingsomethingsdone, burn themselves out. The challengeislearninghow tofocusonthereally pany foremployees andwe promote from within,sowe wantpeoplenotto hand, P&Gisrealistic innotwantingtodothat. We are along-termcom- allow you towork yourself todeathifyou wantto,”hesays.“On theother work/life balancecanbeachallenge.“P&G,likeanyothercompany, will It and Ianticipatealotoffuture growth andsynergiesfrom thisarrangement. our beautycare businesswithGillette,” hesays.“It’s areally strong business, cesses. Rhamesaystheacquisitionwasstrategic.“We’re really strengthening will taketwotofouryears tofullyintegrateallofGillette’s businesspro- in theofficelaterafternoons,sohisschedulevaries from daytoday. It can reach people overseas.” Since theacquisitionofGillette, hehashadtobe working pretty routinely from 4:30a.m.–2:30p.m. becausethat’s whenI on thephonewithpeoplethroughout theday,” saysRhame.“I’ve been U M more. In ofhisteamislocatedin additiontohisstaffinCincinnati,part and businessneedsaswell aslegalstandards around theworld,”hesays. accounting processes, systemsandfunctionsmeetcompanyrequirements ing forthecompany, somyrole istoensure thatourglobalbusinessservices vice managementrole. “I’m managerforproduct andassetaccount- service counting andcapitalmanagementsystems.His positionevolved intoaser- unit, leadingthedevelopment teamforglobalcostaccounting,fixed assetac- totherest ofthecompany.counting services outwiththe Rhamestarted pany’s internalunitproviding facilitiesmanagement,ITfunctionandac- A accounting manager, doingcostanalysisandfinancialforecasting. side ofthings.From there hewent ontobecomeatraditionalfinanceand company,” Rhamesays.He in plantaccountingontheoperations started y S ou know itwasthesmallstuff.” ou couldhave great variety inyour career withoutever having toleave the imon. He’s Ireally beenthere likedaboutP&Gwasthat ever since.“What bout six years ago, P&G started its global business services unit,thecom- itsglobalbusinessservices bout sixyears ago,P&Gstarted

nited Kingdom;San José, CostaRica;andManila. “Ispendalotoftime opens upthepossibilitiesforfuture businessdealsdown theroad.” anila, Philippines, and P&G has business service centersinNewcastle,anila, Philippines, andP&Ghasbusinessservice In Rhame travels overseas twomonths,sometimes aboutoneweek every Rhame wasrecruited towork at

a businessclimatewhere yearly acquisitionsare agiven, Rhamesays is a true exampleofaSimonis atrue SB Pr octer &Gamble Ea r ly Leader ™ —he cametoSimon while astudentat 2684 TXT8/25/0611:52AMPage29 Dean’s Corner ALUMNI L ’75, editor forthe ’78, r C.O.O. ofMerrill’s European v sociate editorofthe F ’84, among several others. of Applied Corporate Finance, Am vice president at D business development at head ofstrategicplanningand USA; dent andC.E.O.of Thomas ’91, Andrew J. clude suchprominent alumsas historical able successasalumni.Our dents have garnered consider- 4–2 programs, andsuchstu- studies through our3–2and directly outofundergraduate have longacceptedstudents phenomenon atSimon—we sources oftalentisnotanew School. Welcomingyounger tegic planforthefuture ofthe —the cornerstoneofourstra- coverage in media attention,including international has garnered ence. Simon work experi- y three orfewer dents with re forefront ofanationaltrend to The Simon Schoolisatthe F v T The Wall Street Journal ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE egion; and ative ears ofprior estors Inc.; ynch andCo. Inc. inancial Times inancial Economics imes ofLondon, cruit stu- cruit eborah Majewski ’89, erica; former seniormanuscript former C.F.O. of president of J Ea oan Lavis’83, r Ha Ea ly Leaders B J J r r anice M. Willett oseph T. Willett ly Leaders usinessWeek, indra deSilva J ournal of ournal of London, B A for ourinno- ank of nalytic In- ™ and retired H J ournal initiative and as- global eineken M and the now in- errill senior presi- UBS; the News D our traditionalstudentbase. Ma alongtheway.support come. Thank you foryour student bodyover theyears to ultimately benefitourentire improvement thatwe know will are inaprocess ofcontinuous M with ourUniversity motto, all the educationalexperiencefor Leaders on jointprojects. more leadership and experience traditional studentswillprovide while perienced counterparts, perspectives totheirmore ex- will inspire andbring fresh ation forboth— dents. It willbeawin-winsitu- in additionto Ea Leaders percent asaresult ofour that isfemalehasrisenby eight full-time M.B.A.matriculants alone, thepercentage ofour F their careers are infullswing. them topursueanM.B.A.once timing isn’t alwaysrightfor student population,sincethe crease ourfemale andminority y table. Being more opento do” attitudeandaptitudetothe dent bodyandbringtheir“can increase thediversity ofthestu- Ea work experience.Adding more dents withfive ormore years of tendency torecruit M.B.A.stu- salariesandthereforestarting a has beenanemphasisonhigh media businessschoolrankings ounger studentswillalsoin- or example,over thelastyear ean eliora, or“Ever Better,” we We O We r r S rk ly Leaders ly Leaders imon students.In keeping ne oftheconsequences

Z will not,however, ignore believe thatthe initiative willenhance initiative. upan are beingrecruited into themixwill traditional stu- Ea r ly Leaders Early Early that could affect our services totheSimon community.that couldaffectourservices dents, facultyandstaff. We willkeepyou apprisedofanything theactivitiesandneedsofalumni,stu- Schlegel Hall tosupport O development totheannualfund.For thetimebeing,Simon ship, from communicationstostewardship toregional alumni wide advancement officesandleader- group willconsistofnew the arrival ofPresident Joel Seligman lastsummer. The campus- The University hasbeenundergoinganumberofchangessince All forOneand at (585)275-7563. works, calltheOffice ofAlumniRelations andDevelopment If /regional_clubs.aspx. Si some areas, visit the Regional AlumniNetworks pageofthe F /alumni/regional_events.aspx. place around theglobe,visitwww.simon.rochester.edu F Regional Activities .rochester.edu. Alumni Relations andDevelopment Office atalumni@simon sections ofthemagazine. Those interested shoulde-mailthe for inclusioninthe“ClassNotes” and“Mergers andAcquisitions” organize personalandprofessional informationaboutclassmates Alumni News sectionof for alumniinterested inbecomingclasscorrespondents forthe The Office ofAlumniRelations andDevelopment islooking newfriends • Meet • Reconnect connected • Stay Correspondent! Join theRanks!BeaClass or informationoncommitteesthathave already formedin or themostup-to-datelistofSimon alumnievents taking ffice ofAlumniRelations andDevelopment willremain in

mon Web siteat:www.simon.rochester.edu/alumni y R Schlegel Hall, University ofRochester, Box 270107, [email protected] ormail themto202 the AlumniRelations andDevelopment Office at alumni, e-mailyour personalandprofessional updatesto If Share Your News! ou have additionalquestionsaboutalumnievents ornet-

ochester, N.Y. 14627. y ou have news youou have wouldliketoshare news withfellow S imon Business. Scribes willreceive and 29 SIMONBUSINESS Summer 2006 2684 TXT8/25/0611:52AMPage30 30 SIMONBUSINESS Summer 2006 more stretches. change forthebetterfrom oneor band,ourlives can the rubber be longerthanitwasbefore. Like contract toasmallersize, itwill then letgo. Though itwillsurely imum extension,holdit,and St N r to your school.Here are afew be abetteralumnusoralumna piness. Ialsoencourageyou to prosperity, goodhealthandhap- goalstoachieve morewith new alumni to“stretch” theirlives abrupt shiftinyour lifestyle. abrupt sustainable thanagrandand monthly routine willbemore vice: asmallchangeinyour Why bother?My unsolicitedad- ofthedesiredshort outcome. something ambitious,yet falling r not tochange.Resolutions life’s routine. changestoyour consider new worked inthepast,oryou may either continuedoingwhat Y are alumniwho—likeyou— have notspokeninyears; these three friendswithwhomyou y orchestrate amailinglistfor News ALUMNI ecommendations: epeatedly disappointby starting our entire class.Instead, locate ou have achoice. You can —by Sean Carroll ’02 “Stretch” fortheSimonSchool r etwork. N Thus, IencourageallSimon There are strong arguments etch a rubber bandtoitsmax- etch arubber ot convinced? Try this. ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE Y ou donotneedto three timesayear. in Simon Admissions. Do that duce himorhertoyour friends are impressed by? Offer tointro- M.B.A.? Someone you admire or firm whoisconsideringan open. Is there someoneinyour applying?). Now, keepyour eyes fice seemedbackwhenyou were member how intimidatingtheof- tablish afirst-namebasis(re- O Contact theSimon Admissions and forward joblistingsfromand forward steady conduitofopportunities, at atime.Considerbeing S Re R a difference! ment. Yourmakes participation 12, andsetupamonthlyallot- check? Divide the1percent by Do next generationofgraduates. back toyour schoolandhelpthe this case,$200).Now, give that y number y yo D y ing three “lost” friendsoncea them ore-mailthem.Contact- hectic lifewithabusyjob. Call slipped through thecracksofa ear our Simon M.B.A. Take that ear isagoodstretch. imon jobseeker?Go onestep ecruit. ffice. Introduce yourself andes- onate. ur salary changedbecauseof ur salary fer. n’ — t feellikewritingonebig T and setitat1percent (in — oo busytosponsora K Consider how much maybe $20,000a eep thisonesimple. Vi sticker onyour car(seethe the Schoollogo. Place aSimon where you went toschool. Wear with itsalumni. Tell people best reputation for Simon begins Be encourage aneven greater effort. brief e-mailsandphonecallscan flounder inaninterview. Afew candidates whentheyshineor stant feedbacktoSimon ommend prepare. Provide in- tohelpthepersonyou rec-view aside 20minutesbefore aninter- y learned atSimon. State with success atwork toalessonyou /virtualstore). Credit your next www.simon.rochester.edu our firm.If convenient, set rt

a Simon Ambassador. ual Store forproducts, (585) 275-7563. Development [email protected] or gram, contacttheOfficeofAlumniRelationsand submission. For moreinformationonthispro- .edu/outside2003/ honor_professor.asp fordirect is availableathttps://secure.simon.rochester lope enclosedinthisissue.Anelectronicversion professor inyourlife,completethereplyenve- tween SchlegelandGleasonHalls. Pr $13,000 bytheendoffiscalyear. AnHonora ognized. Theprogramrealizedmorethan of whomwerenamedmorethanonce,rec- tion of$250,17emeritusandcurrentfaculty, six lives and/orcareers.Requiringaminimumdona- professors whohadasignificantimpactontheir tunity tomakedonationsinthenamesofSimon Business was introducedinthewintereditionof 2005,theHonoraProfessor ProgramIn February Honor aProfessor ofessor displayislocatedinthewalkwaybe- If youwishtoacknowledgeaspecialSimon magazine, providingalumnitheoppor- The the United States government. not reflect officialpolicyorviewsof above are strictlyhisown anddo London, Conn. The viewsexpressed the CoastGuard Academy inNew tional behaviorandleadershipat graduate. He teachesorganiza- S y an inspirationto“stretch” for ily health,wealth, happinessand tinue tobringyou andyour fam- School. ambassador from y M.B.A. andhow muchpride pride where you earnedyour our school. ou have init.Don’t justbe ean Carroll isa2002M.B.A. M ay therest oftheyear con- the Simon School—bean for Simon SB the Simon 2684 TXT8/25/0611:52AMPage31 Alumni Gatherings ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE as wellcarrythrough President Seligman’s plansformore University-wide events. to meetwithalumnifrom bothSimonandtheCollege,helpingtobuildournetworkthere Lara Huryszand Carroll ’02, October 2005,friendsgathered inPittsburgh are JenniferAmes, (from left) now hadthree consecutiveskitripstothePoconos, inthewintersof2004to2006.In Pittsburgh Lisy’81 Schmidt ’72,ChrisKarr ’90,Gary left) Cleveland A welcome. you andyourclassmatesregularly meetforeventsoractivities.Photosubmissionsare ’02. Heather Lambert-Shemo tlanta Alex Sukhoy’03,Federico ’04,ChrisBrophy Kalnicki ’02,DeanZupan,Kip —On January18,2006, —Dean ZupanvisitedwithClevelandalumnionDecember14,2005.(From —The SimonClassof2002isallaboutannualget-togethers!Theclasshas Angie Hidalgo,MegHaughton, Brian Lane’02. Dean MarkZupan Contact theAlumniRelationsandDevelopmentOfficeif Missing from thephotoare P at Haughton ’02, Andy Hurysz ’02, AndyHurysz at Haughton’02, and L ois (fourth from right)visitedAtlanta and Jeff Anderson’79. P aul Ames’02 Sean and touch. Ten yearsismuchtoolong!” even ifit’sjustforacommemorativebeeratTheDistillery. So,let’sworktogethertostayin agreed tocontinue gettogetherperiodically,As Rachelwrote followingthegathering,“We ing anddancing.Inthisphotoare JimBenjamin,LauraKingandRachelAdonis. (from left) 1993, allowedforshopping,spatreatments, reminiscing,orientation sessionsinAugust din- connect andcelebratethemilestone.Thechosenvenue,where theclassalsohaditsSimon phone andbye-mailtoorganize andrallyagroup ofclassmates,spousesandgueststore- McAfee, DianeQuinlisk,IrshadQureshi September 9–11,2005.Adedicatedcommittee— whichtookplace Reunion/Anniversary WeekendatNiagara-on-the-Lake, ning a10-year Classof1995 E.M.B.A. ’04. Simon School, left) W Rochester two bannerholdersare thesonsof baseball game.Thegroup gathered beforehand atastadiumpubtomixandmingle.The Buffalo inetasting atthePark Sense.Joiningusagainthisyearwere store, (from Wine Avenue Dawn McWilliams —A loyalgroup ofSimonalumnibravedarainynighttoattendBuffaloBisons —Simon’s RochesterAlumnaeNetworkheldtheirsecondannualOctober Denise Fitzgerald’02,*MarshaBooth’00 , executivedirector ofmarketingandcommunicationsatthe —The Executive M.B.A. Classof1995 spentmanymonthsplan- —The ExecutiveM.B.A. Ahmed Mustafa’99 and *Executive M.B.A.graduate Susan Topel Rachel Adonis,JimBenjamin,Paul * (behindtheboys). —convened inperson,by and Debra Maddow 31 SIMONBUSINESS Summer 2006 2684 TXT8/25/0611:52AMPage32 32 SIMONBUSINESS Summer 2006 from Simon. Seoul Donovan ’93 In thetopphotoare (from left) students, alumniandguestsenjoyedapost-interviewingreception attheUniversityClub. Simon’s annualNewYork Recruiting Program. OntheeveningofJanuary20,amix New York City Hogue ’04,SaritElkayam’03 — ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE Andrew (Sukhee)Nam’95 and —Students tooktheBigApplebystormagaininJanuary2006for Marya Savola ’99. Marya Mustafa Saya’06,GreggKoutouvidis’92,Tom and Mercedes Falcon ’05. organized aRochesteryear-end partyinSeoul,SouthKorea, inDecember2005.Hereports thataboutone-third oftheguestsin In thebottomphotoare (from left) Stephanie left). the guestsjoiningProfessor ZimmermanattheArmy-Navy Clubwas Jerold L.Zimmerman W ashington, D.C. —The SimonSchoolNetworkofWashington, D.C.,hosted (at right) for a discussion about the Sarbanes-Oxley Act.Among (at right)foradiscussionabouttheSarbanes-Oxley Rich Scigaj’98 this photoare Professor (at 2684 TXT8/25/0611:52AMPage33 national nior director at ber 11,2004.Emilio isase- S Kriznic, welcomed theirson, F founder of A rival oftheirson,Jonathan, on Christine, celebratedthear- D 1997 R at o S oftheirson,Parker,birth on V D Gr 1994 Em N.B.A. CharlotteBobcats. dent andC.F.O. forthe M Charlotte, N.C.,where The coupleresides in 2005, inLaCanada,Calif. Colleen Braun onJuly 26, M 1992 Br 1989 R at and litigationsupport r Alpine, N.Y. David iscur- cellist, inAugust 2005in M N.J. ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE Mergers ently director ofvaluation wner, president andC.E.O. ebastian Emilio, onDecem- eptember 16,2005.Greg is inance angellow ’99, eece Associates eece Associates ugust 3,2005.Brian isthe ochester, N.Y. avid Anderson eborah (Bordynski) elissa Burton, aprofessional ichael isexecutive vicepresi- ichael Behrman ian Prince R.W. Dake &Co. eg Vangellow ilio Ghersi in Rochester, N.Y. in Washington,D.C. R enaissance and hiswife, and wife,Ivana A announced the in Westfield, and hiswife, ccion Inter- married married in East and Acquisitions Kane G N.Y. at W N oftheirdaughter,birth Ashlyn announcedthe wife, Renee, B advisor at G W of theirson,Ethan Elliot wife, Julie, celebratedthebirth W 1998 10, 2005. Zachary isthe 10, 2005.Zachary M Z C uity tradingdivisionof eq- works intheproprietary 2005, in Tokyo, Japan. Luigi K L H vice president of brother, Colin.Michael isa their son,Caleb, whojoins D M uigi Limentani ank achary Orlov achary itigroup Inc. usuyama onOctober 20, eoffrey Laughlin eoff iscurrently afinancial oelle, onMay 23,2005. oldings awn, welcomed thearrival of oo, onOctober 25,2005. enekse AlpayonDecember ichael Orr illiam isafinancialmanager illiam Houghton I.B.M. in Chicago,Ill. in New York City. in Poughkeepsie, UBS Investment and hiswife, in Tokyo. married HSBC married Mari and his and his Ro 2001 J at T first child,daughterAina. wife, Mari, welcomed their T C ager at Gr 2005, inRochester, N.Y. Kathleen Vaeth onJune 12, Gr 1999 City. Scotia Capital I product managerat G brother, Charlie,2,andsister, A their son,Jack Masten, on ’99 S I at alyst supervisor 2005. Richard is afinancialan- son, Evan William, onMay 19, M Richard Scigaj M Orlov Company founder andowner ofthe H apan. nc., ndustries hannon akafumi isafinancedirector akafumi Yamanaka ugust 11,2005.Jack joins ompany race, 5.Shannon isasenior enderson inSea Isle City, elissa Naulin, welcomed their ass. I egory isamarketing man- egory egory Gresock*egory berto Olivi berto zumi Company announced the birth of announced thebirth and Jon isadirector at E astman Kodak and in Rochester. in Alexandria, Va. J married Kristin in New York onathan Silsby and hiswife, in Wayland, ITT married in Osaka, C and his ombe Inc. vice presidents at Both Sheffali andScottare Yo N 2002 Ma 2003 I Central Americaat tions managerforMexico and R N.J., onNovember 5,2005. S in Rochester, N.Y. director at promoted tohumanresources N J son, Joshua, onMay 2,2005. wife, Susan, welcomed their Allen Ibrisimovic in Charlotte,N.C. manager at vice president and finance M their son,Nicholas James, on J W E comed theirseconddaughter, W C finance managerat 2005. Nihar waspromoted to S the arrival oftheirdaughter, his wife,Manasi, celebrated N in Austin, Tex. A A Jane2005. Ellery joinssister, ulie, announced the birth of ulie, announcedthebirth oshua joinsbigbrother, nc. anjana, onSeptember 3, heffali Singh llery Jane,llery inNovember ustin Capital Management ddison. Marc isananalystat oberto isthesalesandopera- oberto orporation oah, 5.Allenwasrecently icholas Calarco ihar Shah ash. elch ay 12,2005.Nicholas isa rk *Executive M.B.A.graduate rc in New York City. in Yonkers,N.Y.

City onApril 16,2005.

Leavitt we re H

B married inNew writes thatheand ighland Hospital in Redmond, ank ofAmerica and hiswifewel- and C and hiswife, and his Scott itigroup M Belmay icrosoft 33 SIMONBUSINESS Summer 2006 2684 TXT8/25/0611:52AMPage34 34 SIMONBUSINESS Summer 2006 I ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE study waseasedby theSimon tense growth.” functions duringphasesofin- company-support particularly sions are keytomany areas, the economicimpactofdeci- being abletocommunicate says. “Understanding and in mycurrent position,” he “My M.B.A.helpsimmensely ities andsecurityservices. ov J S R r F S 2004 ve classes persemester, itwasa w onthe and dohomework was work, gotonightclasses, enrolled, mylifefortwoyears turn forhisM.B.A.“After I initiatives at to managerofretail strategic 2005. Federico waspromoted Z rival oftheirdaughter, Kayla wife, Sol, announcedthear- Te of Business, University of tions atthe tant director ofcorporate rela- J their son,Matthew Robert, in J John Schultz’97 Alumni LeaderProfile Mergers anuary 2006.Sam istheassis- anuary of en, celebratedthebirth ohn leadsthecompany’s esources for irius isgrowing rapidly, and am Coronado ederico Kalnicki ederico Kalnicki adio ipa, bornNovember 1, eekends,” saysJohn. “At two ry xas erall humanresources, facil- The transitiontopart-time J ohn now oversees human

cided itwastimetore- focused timeforme.” in Austin, Tex. in New York City. school whenhede- Schultz ’97 y ears since t hadbeenmany McCombs School The Goodyear S irius Satellite and hiswife, and his attended John and Acquisitions teach,” John says. knowledge andherabilityto both withhersubjectmatter economics. Iwasimpressed K associate dean]Stacey R. S favorite professor was[former professors. “My firstand “T day withproblem solving. on, whichassistshimevery concepts were appliedhands- hension ofeconomicsbefore thorough theoretical compre- of finance.It alsoemphasized along withhisunderstanding proved hisanalyticalskills, education grounded andim- program.” in gettingthemostoutof “ study together,” headds. complete classprojects and so we formed‘cohorts’ to “None anybody, ofusknew was required group study. aspects oftheSimon program R rival oftheirdaughter, Natalie wife, Kim,welcomed thear- Andrew Schlesinger Akron, Ohio. Ti This wasimmenselyhelpful imon facultymemberand ose, onOctober 6,2005. ole, whotaughtmacro- re O J he traditionalapproach ohn foundthataSimon

ne ofthestrongest & Rubber Company and his in this impactthebusiness?’” mine attheoutset,‘How does says. “Now Iknow todeter- knowledge foundation,”he provided asolidanalyticaland text ofpracticalapplication— buttoprovidetheory acon- used atSimon—to emphasize No daughter, Sophia, on S R S UBS Investment Bank markets, fixed incomefor Andrew works inemerging R brother, Juan Manuel, 2. joins sister, Milagros, 4,and tamford, Conn. oledad, welcomed their oberto isabusinessconsul- oberto oberto Vazquezoberto ve mber 18,2005.Sofia and hiswife, in U M r taking photos.He’s currently r R group marketing at technologist infoodsafety r F the-Lake, Canada,on T V 2005 Conn. tant at M esearch anddevelopment eading unning inCentralPark or ebruary 4,2006. Vasiliosebruary isa asilios Mihalitsas* iffany Ulch inNiagara-on- ochester, N.Y. pdike and idland Corporation arilynne Robinson. J ohn spendshisfree time A R etna Inc. abbit atRest G ilead in Hartford, by R married ochester SB in by by J ohn 2684 TXT 8/25/06 11:52 AM Page 35

WILLIAM E. SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

in the advancement, develop- Class Notes ment or administration of international standardization, To submit a class note, send measurements or certification. Gift of a an e-mail to Alissa Atkinson at Currently, he is president and [email protected] C.E.O. of Amadis Inc. in .edu or, where indicated, contact Charlotte Hall, Md. Lifetime your class correspondent. For a complete listing of Class Cor- The Philip T. Meyers Society, which was announced in the 1972 fall 2004 issue of the Simon Alumni Network, honors respondents, visit www.simon Kenneth Kimbrough was pro- donors who have included the School in their estate plans. .rochester.edu, select Alumni and moted to senior officer of the Be a part of the Simon School’s tomorrow through your Friends, then Alumni Network public sector development planned gift today. Types of gifts include: News, then select Class Notes. team for USAA Real Estate Company in Arlington, Va. 1965 • Gifts of assets 1976 • Gifts by will Jay Benet was promoted to • Life-income gifts vice chairman and C.F.O. at St. Paul Travelers in Hartford, • Gifts of retirement plan benefits Conn. • Gifts of life insurance

1977 For more information on these and other forms of planned David Dougherty (at right) Thomas writes that he was the keynote giving, contact John-Paul Roczniak, executive director of Ammer joined alumni relations and development, at (585) 273-1756 or speaker at an international J. C. Jones & [email protected], or please feel free to visit conference entitled “Patent Associates the related Web site at www.simon.rochester.edu/alumni Culture to Foster Research L.L.C. as a and Technology Develop- profit im- /planned_giving.aspx. ment,” held in Pakistan in provement and December 2005. David is an turnaround management con- intellectual property lawyer sultant in Rochester, N.Y. Kathy Waller was named vice Yogendran Thambiah is a di- and partner at Dennison, president of Coca-Cola rector of the portfolio man- Schultz, Dougherty & 1978 Company in Atlanta, Ga. agement team at Credit Suisse MacDonald in Alexandria, Va. John Davidson graduated Kathy also serves as Coca- in New York City. from Widener University Law Cola’s chief of internal audit. 1967 School in May 2005 and 1985 Mark Ain, founder, chairman passed the bar exam in 1984 Roberta Britting accepted a and C.E.O. of Kronos Inc., in Pennsylvania. He opened his Roland Caputo was promoted position at TowerGroup in Chelmsford, Mass., has been own law office in November to vice president and C.F.O. Needham, Mass., as a senior appointed executive chairman 2005 in Harrisburg, Pa. at The New York Times Com- analyst in the consumer lend- of the board of directors. pany in New York City. ing service. 1982 1968 Class Correspondent: Sameer Harindra de Silva is the presi- Mark Quinlan has accepted Timothy Leach is senior vice Shah, [email protected] dent of Analytic Investors Inc. a position as executive vice president at Sigma Marketing in Los Angeles, Calif. president of bank operations Group in Rochester, N.Y. Sandra Taylor is a senior vice at Associated Bank in Green president at SunTrust Kathy Mowrey accepted a po- Bay, Wis. 1970 Financial Corporation in sition as senior manager of Capt. Charles Piersall Jr. was Richmond, Va. consumer insights at Coca- Patricia Racette joined awarded the Astin-Polk Inter- Cola Company in Atlanta, Ga. ChoicePoint in Alpharetta, national Standards Medal by 1983 Ga., as the statistical project the American National Stan- Marc Voorhees accepted a po- Srinivasan Seshadri was ap- director. dards Institute (A.N.S.I.). This sition as vice president of fi- pointed group managing di- award honors distinguished nance for North America at rector at Smiths Medical 1987

service in promoting trade and The Goodyear Tire & Rubber Group in London, England. Michael DeMaria is now a BUSINESS 2006 Summer understanding among nations Company in Akron, Ohio. finance director of global through personal participation SIMON

*Executive M.B.A. graduate 35 2684 TXT8/25/0611:52AMPage36 36 SIMONBUSINESS Summer 2006 W ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE software forthecompany. development ofcommercial ing. Roberto willoversee the director ofsoftware engineer- cations Inc. has joined R 1989 I Q N A.G. D @yahoo.com J Class Correspondent: 1988 in Fairport, N.Y. operations at v In cation andderivative strategies. intoitsequity,efforts assetallo- and directs thefirm’s research tional investors andindividuals, rations, foundations,institu- tocorpo- management services which provides investment strategic direction ofthefirm, H found ways. opening career doorsinpro- H S strong businessfoundation. search andcommitmenttoa its excellence inacademicre- to do,buthechoseSimon for ’84 in the Si Harindra deSilva’84 Alumni LeaderProfile eff Durbin,jeffreydurbin ndia aluation at ince earninghisM.B.A., oberto Arrocha oberto uality Assurance Instituteuality Assurance avyug Mohnot avid Croen mon program from articles arin isresponsible forthe arin credits Simon with v H No estors wasn’t sure what hewanted arin learnedaboutthe in New York City. w, in New Delhi, India. F

inancial Times as president of in LosAngeles,Calif., M Ha in Plano, Tex., as De asergy Communi- asergy C r is adirector of neering, indra deSilva ooperVision Inc. utsche Bank gree inengi- graduate de- is C.E.O.of writes thathe ith anunder- of A nalytic nomic rightsandincentives.” says. “It’s vitaltoaligneco- make businessdecisions,”he concrete economic analysisto tant skillIpickedupwasusing day.every mostimpor- “The skills hegathered atSimon E undergraduate studyin London duringhislastyear of says Harin. work ashisresearch assistant,” to ses, andIwasfortunate data totesteconomichypothe- passion forusingquantitative M sor? “[Former] Dean Paul in general,”hesays. and exciting aspectsofbusiness lenges andtodiscover thenew meet real-life business chal- toeffectively tools necessary dents develop theanalytical “Simon excels inhelpingstu- ness flavor ofthemonth. want tolearnthelatestbusi- isn’t forstudentswhoonly C R Xe product marketing managerat B F Cr J markets at president anddirector ofcapital E porate development at pointed vicepresident ofcor- P M C pliance riskmanagementat tion asvicepresident ofcom- Ro J ohn Geraci ohn Jukoski Jr. alls, N.Y. eter Olnowich Jr. ngland. He saysheusesmany nergy etty Ingerson* ochester, N.Y. orporation itizens Bank itizens acAvoy. He hasanincredible eeting, Pa. H H ro ux Research Inc. bert Lynchbert is favorite Simon profes- arin believes thatSimon x Corporation in Tucson,Ariz. A egis Mortgage is president of in Houston, Tex. accepted aposi- in Plymouth is executive vice is asolutions in in Honeoye was ap- Br onco F and businessanalyticsat he isamanagerofmarketing Vent pointed C.F.O. at Christopher Schiavo S 1991 J ceuticals keting research at senior director ofstrategicmar- N 1990 Br Ph company, locatedinNew Delhi. P r ecutive officerinAmherst,N.Y. Alain deBotton. S Ro J The Wisdom ofCrowds technical reads of2005were wife, Lotte.His favorite non- techniques andsailingwithhis menting withfusioncooking joys ridingmotorcycles, experi- ector andC.E.O.at ames Hemenway ames Surowiecki and hopping, andtheNovel anjay Kapoor anjay Kapoor argo aul, icholas Angle oadband Networks In mantic Movement: Sex, ilip Yawman ures

his spare time,Harin en- I in Concord, Calif. ndia’s largestfashion in Princeton, N.J. in Wellesley,Mass. is managingdi- was promoted to joined King Pharma- B writes that attery Satya was ap- as chiefex- The R by by ocket W ells & Company president at Gr O C sales representative at position asexecutive specialty Alliance inRochester, N.Y. for theRochester Business man oftheboard ofdirectors poration Q 1993 J [email protected] Class Correspondent: Eric Suitos, 1992 Pa president ofoperations at Ma there’s more sun!” might nothave donewhere in theprogram—something I was forced toimmersemyself “Since Iwasinsidesomuch, played ahandinhissuccess. R H ohn Gatsios ompany Inc. ochester’s wintersactually hio. uincy Allen, arin nevertheless believesarin nevertheless that y egg Koutouvidis A true Californianatheart, A true r chex Inc.,chex tin Mucci,* vice president and J. P. Morgan Chase in New York City. was electedchair- has accepteda in Medina, a senior vice Xerox Cor- Xerox SB is avice Mer ck & 2684 TXT8/25/0611:52AMPage37 at development ofInternet/wireless moted todirector ofbusiness W C.F.O. at F G a director by theboard at R duction Systems Group in president oftheXerox Pro- and acquisitionservices. sultant specializinginmerger N.Y., asacon- R L.L.C. A J joined S B Am J @mx.smurfitgroup.com Ma Class Correspondent: Andrew 1994 Mi N.Y. K dent offinanceat D solutions inNew York City. global risk head of P S joined S J M ness development. president ofstrategy andbusi- No position at Booz AllenHamilton Inc. toa that shehastransitionedfrom ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE ones & ames Ayer itendra tandard & rank Lallos haun Buckley harma oor’s loomfield Hills, Mich. ssociates ochester, N.Y., wasnamed ochester, odak Company ateway Inc.ateway avid Uhazie ellesley, Mass. ichael McCourt ichael McCourt NAVTEQ r r r erican Standard iam Van deSype th Olmsted, Ohio, asvice ein, andres.marein as J. C. in In Fo is C.F.O. at v in Chicago,Ill. was appointed oke Solutions r is avicepresi- tune Brands in Rochester, E was pro- astman in writes in in underwriting, at underwriting, vice president, and portfolio D R man Kodak Company E r tiatives inthecorporatemedia corporate communicationini- D S count director at Thomas Hancock analyst. N.Y., asaseniorfinancial Bi Anthony Di Felice City. at president ofhuman resources M 1997 C dent at R 1996 as C.E.O. serves N.Y., where he Cheektowaga, L.L.C. eXubrio Group company,new has formeda P 1995 D 1998 S A consultantat delivery C brand managerat director atthe cepted apositionasassociate Charanjeet Guron* A M M elations department at elations department teven Ekdahl* aatchi aul McAfee* lectric merica tlanta, Ga. ochester, N.Y. obert Wadeobert ompany ontinental Hotels Group ion Chay avid Montague avid Lanzillo* innesota r inn. ichael Dellapina C ds Eye Foods itigroup Inc. in J. P. Morgan Chase& in New York City. in New York City. in Boston,Mass. in New York City. in Minneapolis, is aseniorservice is avicepresi- U is asenior in Rochester, niversity of is director of G in New York S was named I aatchi & eneral is anac- nter- has joined is avice has ac- B in ank of E astin E N.Y. R S N.A.S.D. tion asproduct managerat C tion by belt certifica- S his leanSix G in New York City. M position asvicepresident at J & Johnson umbrella operations at moted tomarketing director of thought leadershipandmarket promoted todirector of S in SãoPaulo, Brazil. v tion asdirector ofbusinessde- Br M Br distribution andlogisticsat C.I.O. andvicepresident of S Ka mba.rochester.edu P Class Correspondent: Sarah 1999 P C ager at D A9.com of businessdevelopment at accepted apositionasdirector sition inmarketing at E ohn Dower elopment at igma black teve Brigham* aulo Nacif arah Plasky-Sachdev* yal Keren lasky-Sachdev,* plasky@simon- rice Inc. ileen Morris ochester, orporation upertino, Calif.upertino, eorge Gibson* ebra Loo organ Stanley Dean Witter errimack, N.H. ian Donaldson* ookstone Company Inc. r en Baker H Xerox in Palo Alto,Calif. ewlett-Packard in Washington,D.C. in Buffalo, N.Y. in Somerville, N.J. in Somerville, is aproduct man- writes thathehas accepted aposi- in has accepteda has acceptedapo- G accepted aposi- eneral Electric was appointed was awarded was pro- F J isher- was ohnson in in tries Inc. manager at N the in market andliquidityriskat B ment. corporate investment depart- as avicepresident intheglobal Co S D J F burgh, Pa. carborne engineeringinPitts- Sw D in Rochester, N.Y. r ing research managerat K R I student affairsat Ma professional advancement. and ness, communityservice nificant achievements inbusi- woman whohasdisplayed sig- honor given toaRochester Annual Athena Award, an named afinalistforthe20th Ma 2000 N R One Communications Inc. dent ofmarketing at S Xiamen, China. tions at and vicepresident ofopera- esearch at effrey Taddeo nstitute of Technology umitomo Mitsui Banking arah Fike oods Inc. in Lang ochester, N.Y. ochester, N.Y. en Fay ew York aor Wallach onald Rayburn* avid Greenspoon rporation itch &Signal r r F *Executive M.B.A.graduate y-Beth isvicepresident of y-Beth Cooper* ederal Reserve Bank of ederal Reserve GN ReSound is ageneralmanager in Ashville,Ohio. accepted aposition in New York City. in Tarrytown,N.Y. Xe is aseniormarket- C in New York City olumbus Indus- ro joined is amarketing x Corporation as director of Ro is vicepresi- chester has joined Choice was U in in nion K raft in 37 SIMONBUSINESS Summer 2006 2684 TXT 8/25/06 11:52 AM Page 38

WILLIAM E. SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

Alumni Leader Profile Carol Wright ’02* and Christopher Wright, M.B.A. ’03, M.S. ’06, Ph.D. Candidate

ow often are ing on her E.M.B.A., Chris (www.esiresults.com), Carol member Robert Shumsky, his you likely to started in the Full-Time wanted to take advantage of first Operations professor, who run into your M.B.A. Program and is now the quantitative focus of the has since moved to the Tuck mother while going for his doctorate in op- Simon program and be able to School of Business at attending college? Pretty often, erations management. maintain her business clients. Dartmouth College. “He’s a Hit turns out, for the Wright “I have to admit that it was a After speaking with her busi- natural teacher and very inspi- family. While Carol was work- bit weird having my mom one ness partner James Benz ’72, rational, going beyond the call year ahead of me in the pro- she decided to enroll in the of duty to help me get into and gram,” says Chris. “My class- E.M.B.A. program. “I could go through the Ph.D. program,” mates always gave me strange to my ‘Friday client’—Simon says Chris. “Even now, we meet looks when I would yell, ‘Hey —and begin applying what I weekly by telephone and corre- Mom!’ in the hallways.” was learning to provide more spond almost daily by e-mail.” Chris sought a technically value to my clients in each Running a business and pur- challenging program where he consulting engagement.” Plus, suing a Ph.D. leave precious could make an impact. The she was able to fill gaps in areas little spare time for either relatively small size of the pro- she hadn’t had much experi- Wright. When she can, Carol gram and its quantitative repu- ence with and update her enjoys playing the piano and tation turned out to be a great background with state-of-the- singing in the church choir; fit. “I’m planning to stay in art information. she is currently reading Guns, academia at a business school,” The most valuable skill Germs and Steel by Jared he says, “and getting my learned by mother and son? Diamond. Chris likes spending M.B.A. at Simon has given me Critical thinking and evalua- time with his girlfriend and his better insight into my stu- tion. Both Carol and Chris felt dog, and crafting custom mod- dents’ perspectives.” they had the chance to study els of local fire engines and As principal consultant and with world-class professors. building with his LEGOS®. co-owner of Rochester-based Chris especially enjoyed learn- “After all,” he says, “I’m still a Enterprise Solutions ing from former Simon faculty kid at heart!” SB

2001 Bryan Gavini has accepted a 2002 Bank of Ireland in Greenwich, Griffith position as marketing director Thilo Bayrhoffer is an account Conn. Altmann was of risk management at St. Paul director at PRA International named direc- Travelers in Hartford, Conn. in Mannheim, Germany. Girts Freibergs is a sales and tor of global marketing leader at General product strat- Drew Hearon was named vice Christopher Brophy is a finan- Electric in Riga, Latvia. egy for intra- president of the institutional cial risk analyst at National ocular lens advisory division at Merrill City Bank in Cleveland, Ohio. Alexander Gomiashvili is the products at Bausch & Lomb Lynch in New York City. C.E.O. at JSC Creditinfo Incorporated in Rochester, Kenneth Burkeen was pro- Georgia in Tbilisi, Georgia. N.Y. Jeffrey Kishner is a program moted to design brand man- manager at Nortel in ager at Procter & Gamble in Patrick Haughton accepted a Bor-Yu Chang writes that Brampton, Ohio. Cincinnati, Ohio. position as a marketing man- he is now vice president at ager at The Hershey Company Goldman Sachs in Jersey City, Gaurav Kishore was promoted Natalya Bushneva is a senior in Hershey, Pa. N.J. to credit risk manager at financial analyst for Cingular Fannie Mae in Washington, Wireless in Richmond, Va. Heather Lambert-Shemo Marina Chinn joined Davis D.C. accepted a position as a chil- Skaggs Investment Manage- Shaun Della Vedova accepted dren’s brand manager at BUSINESS 2006 Summer ment in San Francisco, Calif., a position as an associate at the Faber-Castell in Cleveland, as vice president and research Ohio.

SIMON analyst.

38 2684 TXT8/25/0611:52AMPage39 N.J. Bestfoods M N.Y. C cial analystat D Conn. G assistant vicepresident at brand managerat J I boutiques offeringluxury will oversee purchasing for City. In position,José his new as aretail buyer inNew York J Rio deJaneiro, Brazil. ment managerat R for is now amarketing director S Diet City. E at aging partner Columb Lytle D .rochester.edu Bownds,* Bowndsj1@simon Class Correspondent: Justin 2003 Chicago, Ill. M product analystat cepted apositionassenior Xiaodong (Kelly) Zeng N.Y. Chambers L.L.P. F at partment the auditde- to managerof was promoted ILA .SMNGAUT COLO UIESADMINISTRATION BUSINESS OF SCHOOL WILLIAM E. SIMON GRADUATE talian cashmere products. osé Derisi osé Chan teigerwald ust Charles quity Partners odrigo Berretta orporation eneral Electric onald Hathaway avid Barnett organ Chase&Company elanie Huet Diageo er in EnglewoodCliffs, joined in Chicago,Ill. was promoted to in Rochester, H is aseniorman- is anassociate writes thathe arris in New York M in Norwalk, in Syracuse, O is aninvest- Loro Piana U J. P. eridian debrecht is afinan- nilever ac- in in Gr manager at moted toassociateproduct Alexsandra Sukhoy vice president. in Albany, N.Y., asexecutive Kaplan Sterling Investments Br M manager at position asassistantchannel J R pany, com- anew that hehasstarted Zhuang (Bobby) Ma F quartered inFort Lauderdale, I development at moted tomanageroffranchise Ho J in Shanghai, China. C of financialanalysisat acquisitions at international mergersand a positionasdirector of W in Westport,Conn. Yv P lyst at P development managerat Thurein Htoo M group at the internationalbusiness tion asrotational analystin P W Class Correspondent: Karen 2004 ennifer McDavid ohn McCarthy nternational L.L.C. nternational arsippany, N.J. la. aul Howard harmaceuticals Inc.harmaceuticals utherford, N.J. ushman & Wakefield alker, [email protected] olfgang Karbe olfgang Karbe inneapolis, Minn. inneapolis, Minn. ette Ilacad yan Staff eetings ward Kaplan L F inwo Financial Ltd oster &Foster L.L.C. GMAC-RFC in Cleveland, Ohio. Am G joined eneral Mills is aresearch ana- accepted aposi- F erican is acorporate HCX Salons irst Data is adirector was pro- accepted accepted a P was pro- , head- urshe in writes in in East NPS in . , B E C manager at consultant at Ly Vu W T fessors from Rochester are consulting services. product development and tomers, alongwithmarketing, pany thatdealwithcus- ov 11 years ago. AsC.O.O.,he M 20 years before joining sounder decisions,”henotes. bilities helpedmemake net present value andproba- systemic manner. Tools like proach problems inamore tire career. “Ilearnedtoap- would employ duringhisen- the analyticalskillsthathe of Rochester,” saysAlan. M the Graduate Schoolof I appliedtowhatwasthen Ex offered tosponsor meinthe “I wasoverjoyed when they ployer topursuehisstudies. was prepared toleave hisem- graduate from Colgate,Alan impossible. Aliberalarts r M.B.A. before family andca- that hewantedtoearnan He solid educationinbusiness. Alan Heuer’74* Alumni LeaderProfile ngland. radley King radley King orporation eer commitmentsmadeit ashington, D.C. asterCard International ersees all parts ofthecom- ersees allparts anagement attheUniversity “Most ofmyfavorite pro- Alan worked inbankingfor It ecutive M.B.A.Program, so

decided earlyinhiscareer

was there thathe learned is aseniorfinancial about thevalue ofa F in London, annie Mae speaks volumes C is aprogram Alan Heuer ’74* The career of ooperative in as avaluation associate. A W P H F inance Corporation hilip Mastil ssociates time!” It tying forthechampionship. and courses inthecountry one ofthemostbeautiful thrill,” herecalls, “playing on H paired withprofessional golfer tobe had thegoodfortune Am inFebruary 2006.Alan P the Pro-Am titleattheAT&T “ courses. His mostrecent pecially playingdifferent G and several grandchildren. visiting theirfourchildren travel andspendalotoftime have enjoyed international have usedtheminmywork.” I’m amazed athow oftenI in statisticsandprobabilities, v time Iquestionedtherele- thinking. Althoughatthe a solidskillsetinanalytical got afirst-classeducationand accounting,” notesAlan.“I G Je Si finance coursewith[former nomics. He alsoco-taughta and taughteco- dean atthetime M H. late William gone now. The erndon, Va. illamette Management priceless moment”? Winning ance ofsomethecourses ebble Beach CelebrityPro-

nsen. In addition,Iadmired mon professor] Michael C. olf isapopularpastime,es- eorge Benston, whotaught unter Mahan. “It wasareal eckling was was theexperienceofalife- Alan andhiswife,Jean, *Executive M.B.A.graduate SB in New York City joined in 39 SIMONBUSINESS Summer 2006 2684 TXT 8/25/06 11:53 AM Page 40

WILLIAM E. SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

Greg Mulbury has accepted a the Federal Reserve Bank of George Hoglund writes that Nuria Hernandez Monterde is position as an equity sales New York in New York City. he is now an equity research a purchasing and planning an- trader at Jefferies & Company associate at Bear Stearns in alyst at NARS Cosmetics Inc. in Stamford, Conn. Naomi Cohen is an associate New York City. in New York City. product manager at Birds Eye Gerry Rogers* joined Nike as a Foods in Rochester, N.Y. Brian Lloyd* was named head Marc Schor accepted a posi- European supply chain director of customer insight for global tion at CIBC World Markets in Hilversum, Netherlands. Esteban Davalos is an assistant accounts marketing organiza- as an investment banking asso- brand manager at Reckitt tion at Xerox Corporation in ciate in New York City. Karen Walker was promoted to Benckiser in Parsippany, N.J. Rochester, N.Y. general manager at Westfield Christopher Voisine accepted Eastridge in Gastonia, N.C. Roger Hernandez accepted a Pedro Grau Monjo is a risk a position as a financial advisor position as associate at management associate at at AXA Advisors L.L.C. in 2005 Friedman Billings Ramsey in Citigroup Inc. in New York New York City. Pressigny Alcindor writes that Irvine, Calif. City. he is now a bank examiner at *Executive M.B.A. graduate

Encourage a Friend to Compete in Our 2nd Annual Online Business Simulation Competition

Win a variety of prizes! Grand Prize A full scholarship to the Simon Graduate School of Business (scholarship valued at over $70,000) Other Prizes Partial scholarships will also be awarded to high performers 3 P.D.A.’s will be given to contest participants

On September 25, 2006, the Simon School will launch its second annual scholarship competition that uses a business simulation program as a unique method of identifying M.B.A. candidates with business career potential.

This competition allows participants to demonstrate their business savvy and augments standard admissions criteria to award scholarships to qualified individuals.

Register online at www.simon.rochester.edu/scholarships/competition.aspx. There is a $35 entrance fee. For more information, contact Dawn S. McWilliams

BUSINESS 2006 Summer in Marketing and Communications at (585) 275-3736 or e-mail [email protected]. SIMON

40 2684 COV 8/25/06 2:03 PM Page 3

Nominate a Simon Early Leader™

Do you know an undergraduate college student or recent graduate who possesses the following skills and is interested in continuing his or her education?

Strong written and oral communication skills

Exceptional academic performance, demonstrated by undergraduate G.P.A. and G.M.A.T. results (the entering averages at the Simon School are currently 3.45 and 659, respectively)

Leadership ability, as evidenced through undergraduate extracurricular involvement as well as one or more summer internships and/or summer or full-time job experiences

A positive, can-do attitude, a willingness to work hard, contribute to the life of the School and derive the maximum benefit from all aspects of this educational experience.

If you know someone who possesses these skills, then nominate him or her for our unique Simon Early Leader™ award and scholarship!

All students admitted to full-time M.B.A. or M.S. studies through our nomination program will receive a fee-waived application to the Simon School and an Early Leader scholarship of at least $5,000, good for up to five years after the award date.

Visit www.simon.rochester.edu/simonearlyleaders for the nomination form, or contact Jacqueline Thomas at (585) 275-3533 or [email protected]. 2684 COV 8/25/06 2:03 PM Page 4

SIMON IN THE CITY 2006–2007 WWW.SIMON.ROCHESTER.EDU The Simon Graduate School of Business spearheaded the first regional Off-campus M.B.A. recruiting event over 25 years ago. recruiting events in New York City We are proud to be a leader in the development of innovative and effective off-campus recruiting and Boston, Mass. programs. For over 25 years, we have hosted a successful recruiting event in New York City, and have recently expanded to two events in that city. In 2005, we added Boston, Mass., to the list of cities where we host off-campus events, and we are currently exploring additional venues.

Dates for off-campus recruiting in 2006–2007: To learn more about or register for these events, contact: In a New York Minute (N.Y.M.) Friday, October 6, 2006 Doubletree Guest Suites, Times Square Laura Mills-Lewis New York Recruiting Program (N.Y.R.P.) Director of Corporate Relations Friday, January 19, 2007 Doubletree Guest Suites, Times Square Career Management Center Boston Recruiting Connection (B.R.C.) Friday, February 16, 2007 Simon Graduate School of Business Sheraton Boston Hotel, Back Bay University of Rochester Schedule for all events: 7–9 a.m. Continental Breakfast (585) 275-3648 8:30 a.m.–4:30 p.m. Interviewing Program Noon–1 p.m. Recruiter Luncheon [email protected]

William E. Simon Graduate School of Business Administration Rochester, New York 14627

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