Gift Program

WINTER 2013

Gift Program

WINTER 2013 ISSUE

Letter from the President ��2 WCNY Holiday Gift Program ��3 Joseph Wharton Dinner ��6

INTERVIEWS – 2013 HONOREES: Brett Hurt, WG’99 ��8 Jacob Wallenberg, W’80, WG’81 ��12 Ronald O. Perelman, W’64, WG’66 ��14 D. Wayne Silby, W’70 ��16

PROFILES OF YOUNG ALUMNI: Candace Whye, W’11 ��20 Melanie Zhou, W’13 ��21

Take The Call ��22 Calendar / Mailing Address ��24 Letter from Executive the President Committee Happy Holidays from the Wharton Club of New York! We have much to be grateful for in 2013, President Kenneth Beck, WG’87, P’16 especially knowing and working with each CEO Connection other as alumni. From school, from that entire experience, we each take [email protected] a little bit with us, and we are each successful in our way. Each one of us is Wharton, and in various combinations we are even more so. Today it’s Executive Vice President popular to say you are your brand, well, you are also the Wharton brand. George Bradt, WG’85 So while I sincerely hope you could Take the Call at least once during this PrimeGenesis Executive Onboarding year, I also hope that you told someone that you went to Wharton. When [email protected] we promote Wharton, we protect it, and thus we promote each other and ourselves. Vice President, Finance Rosemarie Bonelli, WG’99 2013 was a momentous year for the WCNY. The Joseph Wharton Awards American International Group, Inc. Dinner honoring four spectacular leaders, highlighted that momentum. [email protected] Ronald O. Perelman, W’64, WG’66, is an inspiration and friend to many, including this club. We were honored to grant him the Joseph Wharton Vice President, Marketing & Award for Lifetime Leadership. Jacob Wallenberg, W’80, WG’81, Communications continues to challenge his companies and family foundation, making Peter Hildick-Smith, C’76, WG’81, P’13 a major contribution to Swedish society, and thus we awarded him the Codex-Group LLC Joseph Wharton Award for Leadership. Brett Hurt, WG’99, delivered a [email protected] powerful testimony of his transformation at Wharton. Brett founded three General Counsel and Chief Legal successful firms while still at Wharton, and more since graduating. He Officer received the Joseph Wharton Award for Young Leadership. D. Wayne Steven E. Sherman, W’72 Silby, W’70, received the Joseph Wharton Award for Social Impact. He Shearman & Sterling LLP credits Wharton for the education that helped him initiate a $3.4 trillion [email protected] impact in the finance industry. We were all honored by the presence of Dinner Chair, Al Shoemaker, W’60, Hon’95, and former honorees Ivanka Vice President, Career Development Trump, W’04, Robert S. Kapito,W’79, William Mack, W’61, David Charles S. Forgang, W’78, P’11 Nash, WG’86, Dean Robertson, who is retiring, and our club’s very first Law Offices of Charles S. Forgang president, Paul Paulson, WG’59. [email protected] You too are receiving honors, from your fellow alumni who produce and Vice President, Business Development purvey wonderful things at a collegial discount, for you only! Regina Jaslow, W’97 In 2014, Take the Call, and tell the world, ‘I went to Wharton!’ Penn Club of New York [email protected] Kenneth Beck, WG’87 Chief Executive Officer, CEO Connection Vice President, Volunteer Services President, Wharton Club of New York Diana Davenport, WG’87 T 646.416.6991 | F 646.292.5129 The Commonwealth Fund [email protected] | www.ceoconnection.com [email protected]

Vice President, Programming Jennifer Gregoriou, W’78 Jennifer Gregoriou, Management Wharton Club of New York – Magazine Consulting Magazine Editor [email protected] Kent Trabing, WG’01 See more photos, search articles, • • • [email protected] and access hyperlinks at www.readwny.com. The Wharton Business School Club of New York FRONT COVER: Front Cover: Ivanka Trump, W’04, Brett Hurt, WG’99, Ron Perelman, W’64, 75 Rockefeller Plaza, 18th Floor WG’66, Randall Weisenburger, WG’87, Dean Robertson, Wayne Silby, W’70, New York, NY, 10019 Al Shoemaker, W’60, Hon’95, Katherine Klein, Art Bilger, W’75, Kenneth Phone : (212) 463-5559 Beck, WG’87, Jacob Wallenberg, W’80, WG’81, Robert S. Kapito,W’79 Web: www.WhartonNY.com

2 WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM The Wharton Club of New York features Holiday Delights! FROM WHARTON AND WCNY MEMBERS

HENRI’S RESERVE Ruth Frantz, WG’90, founded Henri’s Reserve as a curated e-boutique of family estate champagnes and creative gifts for both personal and corporate gift giving. Her champagnes are featured on the wine lists at some of the world’s most famous restaurants (including French Laundry, Eleven Madison Park, NOMA and Gary Danko).

Celebrate the holidays with your 15% discount through January 15 at www.henrisreserve.com. Use the promo code “Wharton.”

STONE & STRAND Nadine Kahane, WG’12, grew up in London and Singapore and has traveled further afield since then. She founded Stone & Strand to represent fine jewelry by fine designers around the world. Exclusive products with personalized service are yours for the holidays and beyond. Take advantage of the 15% discount for WCNY members at www. stoneandstrand.com, with the promo code “whartonholiday15.”

THE OFFICIAL WHARTON STORE Exclusively for WCNY members! Shop for your Wharton winter wear! Use the promo code “ALUM15%” for 15% off your purchases at http://estore.wharton.upenn.edu.

WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM 3 3 LERRO CANDY If your family had been making delicious chocolates in the Philadelphia area since 1916, wouldn’t you want to carry on the tradition? John Lerro, W’12, of Lerro’s Candy wishes to make your holidays a little sweeter with real chocolate delights, wonderful gift boxes (such as the 14 oz. box of chocolate-covered pretzels), and made-to-order candy treats.

From his family to yours at www.lerrocandy. com, a discount of 15% off all orders through January 15 with the coupon code “Real Chocolate.”

PAUMANOK VINEYARDS The father and son team of Charles Massoud, WG’70, and Kareem Massoud, W’96, till the soil and grow the grapes to bring you authentic North Fork, Long Island wines with a tasty blend of 70% Merlot, 20% Cabernet Franc, 7% Cabernet Sauvignon and 3% Petit Verdot. “Paumanok’s 2010 Thirtieth Anniversary Special Edition bears comparison with Napa reds costing two or three times as much.” The Wall Street Journal, September 6, 2013. Find out for yourself. Visit the Massoud’s vineyards, or visit their online store at www.paumanok.com/store. In the “type a comment” box, enter “WAGP,” and the 15% discount will be applied when the transaction is processed.

BEER DREAMER

Jordan Elpern-Waxman, WG’09, took what he learned at Wharton, and his fine appreciation of craft beer, to create a way for you to stay connected to your time in Philadelphia with a curated monthly craft beer subscription program. His holiday package is virtually “Philly in a box,” featuring barrel-aged beers from Victory Brewing Company in Downingtown, Pennsylvania, paired with tasty treats from Philadelphia’s Metropolitan Bakery. His company Beer Dreamer also offers the Better Beer Gift, thoughtfully pairing artisanal foods with craft beers (in large 750 ml cork-and-wire bottles), and all beautifully packaged. Take advantage of your 15% discount at www.beerdreamer.com with the promo code “WHARTON.”

4 WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM Our Sponsors

M ajor Sponsor

Ronald o. perelman, w’64, wg’66

P latinum Sponsors

G old Sponsors

A rthur and D ahlia bilger

Get to your fellow alumni! Join the Wharton Club of New York group on LinkedIn. Connect with thousands of Wharton Alumni in the New York area via our exclusive, private group. Share ideas Find business opportunities Get recommendations Make new friends

http://www.linkedin.com/groups?gid=1916577 “I went to Wharton!”

2013 JOSEPH WHARTON AWARDS DINNER Metropolitan Club on 1 East 60th Street

New York, October 3, 2013 Brett Hurt, WG’99, Kenny Beck, WG’87, Dean Robertson, Wayne Silby, W’70, and Jacob Wallenberg, W’80, WG’81

“We are all here tonight, because Wharton did something special for all of us,” affirmedAl Shoemaker, W’60, Hon’95. The former chairman of the board at the University of Pennsylvania continued, “Regardless of whether you come from Sweden or a little town of 6,000 people in Western Pennsylvania, like I did, it was a life-changing event. That’s why it’s important to support scholarships to Wharton, so everybody has Friends enjoying the evening a chance to get ahead in this world.”

That sentiment was echoed by the four honorees. Ronald O. Perelman, W’64, WG’66, who received the Joseph Wharton Award for Lifetime Leadership, gave a powerful personal testimony of the life- changing advice he received at Wharton. Jacob Wallenberg, W’80, WG’81, honored with the Joseph Wharton Award Jennifer Gregoriou, W’78 and Peter Hildick-Smith, C’76, WG’81, P’13, for Leadership, reflected on being recognized as members of the WCNY Executive Committee the broadening of his world, coming from Sweden to Wharton. Brett Hurt, WG’99, who won the Joseph Wharton Award for Young Leadership, shared how he was “absolutely transformed, maybe more than most. I literally came out of my shell at Wharton.

Brett Hurt, WG’99, Deborah Hurt, and Ralph Mack, W’82 (r.) Robert S. Kapito, W’79, 6 President of BlackRock I was embraced at Wharton, surrounded by incredible students and incredible professors, and started my first business at Wharton.”D. Wayne Silby, W’70, received the Joseph Wharton Award for Social Impact. He credited the school with “the financial engineering skills to start one of the earliest money market funds, safe but with high returns” then going on to create the first social impact investing fund. Ron Perelman, W’64, WG’66, with Kenny Beck, WG’87 Kenny Beck, WG’87, president of the WCNY, tested the audience on their knowledge of school history — Do you know where the first President of the University taught his ethics class? Kenny reflected on the more than 200 events held by the Club this year, and reiterated WCNYs three key principles — enlightened self- interest, tangible results and small interactive events — all wrapped around the concept of Take the Call. On a personal note, he asked attendees to recognize Dean Robertson, who is retiring, WCNY’s first president, Paul Paulson, Paul Paulson, WG’59 Bill Griffeth of CNBC and George Bradt, WG’59, and former university WG’85 president and noted historian, Sheldon Hackney, who passed this year. Most importantly, “with the talent inside and outside this room, we have a responsibility to one another and to the school to be a little less modest. Tell people …” he encouraged, “I went to Wharton!”

Dean Robertson congratulating Brett Hurt, WG’99

WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM 7 Designing Authentic Conversations Brett Hurt, WG’99 Hurt Family Investments 2013 Joseph Wharton Award for Young Leadership

rett Hurt, WG’99, can’t help that his con- When did you become an entrepreneur? versations are authentic — it stems from At Wharton, the end of my first semester, a former Bwho he is. At the Joseph Wharton Awards senior manager at Deloitte Touche, contacted me Dinner, he delivered a powerful speech on how and said, “I’m in over my head on a project, for the significant Wharton is to him and to the larger en- Adult Education Department for the state of Loui- trepreneurial community. When he meets you in siana. I need someone with your skills to deliver person, he tells the story of his mother, and why on it.” I asked, “When is it due?” He said: “The he named his blog Lucky7 after her. When he first week of January!” I went for it and ended up meets with entrepreneurs as an investor, he focus- working every day of winter break until 3 a.m. in es on listening to their needs. Even his business, the morning, with a five-minute break to watch the Bazaarvoice, seeks to “change the world, one au- ball drop on New Year’s Eve, to create a complete thentic conversation at a time.” client/server-based system. It was a test of my will. I made great money, but much more importantly, I proved to myself that, if I had the will- power to perform this large project in only three weeks, then I could be an entrepreneur — I could be self-sufficient. That was the founding of Hurt Technology Consulting, and I went on to do proj- ects for the Wharton School and others (mostly Wharton alumni), leveraging, by the way, brilliant undergrad students in the Wharton Management and Technology program. What character trait allowed you to work that hard through winter break? There are many different backgrounds and per- sonalities of successful entrepreneurs, and I’ve found only one common characteristic, and I’ll tell you how I know.

I attended every single presentation when an entrepreneur came to speak at Wharton. One I’ll never forget is when Farhad Mohit, WG’96, the founder of Shopzilla, returned to school to speak. It was 7 p.m. at night in a classroom, and only 20 Brett Hurt speaking at the Joseph Wharton Awards Dinner 2013

8 WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM

Brett Hurt, speaking at the Joseph Wharton Awards Dinner. I FELL ASLEEP ONE NIGHT Brett is the owner of Hurt Brett Hurt, WG’99 WONDERING IF WE WOULD MAKE Family Investments, a family office focused on startup PAYROLL. I WOKE UP WITH A SMILE people showed up. He talk- investments and other ed about how he had been ON MY FACE. MY WIFE ASKED, “WHY asset classes. Prior to Hurt eating ramen noodles for ARE YOU SMILING?” “BECAUSE,” I Family Investments, Brett over a year, how humbling SAID, “THIS IS WHAT I DO; THIS IS worked at Austin Ventures it was to have graduated from November 2012 to WHO I AM.” from Wharton and have no August 2013 and focused salary, no money coming in on early-stage software for over a year, while all his classmates were doing well financially. investing. Prior to Austin But he had just finally received his first round of funding. I left that Ventures, Brett founded night and was in heaven. I thought, “This is exactly what I want to Bazaarvoice (NASDAQ: BV) be.” Overall, I attended at least a hundred of these kinds of pre- and served as the CEO and sentations at Wharton, and I learned the one thing they all shared President for seven and half was persistence. I saw housewives who had founded companies, years, leading the company academic types, skinny people, Asian people, short people, and from bootstrapped the only thing they had in common was they were all very, very per- concept to almost 2,000 sistent, and that was me during that first winter break. clients worldwide and I went on to grow Hurt Technology Consulting. During my summer through to its successful break, I did a big project for the Wharton School (a virtual class- IPO. He subsequently room application that was used by Wharton for four years) and guided the company made twice what I would have if I had worked for someone — plus, through a successful it took me only half the summer. So, the other half of the summer, follow-on offering and two I built my first e-commerce platform, allowing my wife and I to acquisitions, PowerReviews and launch an online nutrition company. If I hadn’t done that, I would Longboard Media. Brett continues not have created Coremetrics. to actively support Bazaarvoice as the Vice Chairman of the Board My classmates probably looked at me year after year, thinking, “Id- of Directors. Prior to Bazaarvoice, iot” and then finally, “Genius!” So, persistence is the key trait, and Brett founded Coremetrics and the dot-com bust shook out people who didn’t have that trait, who helped grow the company into a were just in it for the money. If you’re not passionate about it, it is leading global marketing analytics hard to be persistent — you can’t fake that. You can’t fake working solution for the e-commerce until 3 a.m. in the morning. The Founding Fathers of this country industry before its acquisition by had nothing — they couldn’t even afford boots for their soldiers IBM. to take on an empire. As I wrote about on my blog, it’s how Steve Brett has been pioneering Jobs could ask Bill Hewlett for spare parts when he was 12 years e-commerce innovations since 1998 old, and why Bill Hewlett had to help him — it’s in our country’s and online communities since 1982. DNA. He started programming at the age What was your greatest challenge? of 7. Coremetrics was gut-wrenching. I sold the three companies I had Brett is the entrepreneur founded at Wharton, which were all generating good cash flow, and empowerment group RISE’s Serial put everything into Coremetrics during my last semester, because I Entrepreneur of the Year for 2012. thought it could change the world, He was named by Ernst & Young which it did. At first, in 1999, mon- Entrepreneur of the Year for Austin ey was falling from the sky. We got in 2009 and is a member of the Accel Partners and Highland Capi- Austin chapter of the international tal Partners, which put $15 million Young Presidents’ Organization. into our Series A, after Wharton He was named CEO of the Year alumni like Ralph Mack, W’82, and for large companies by the Austin Lincoln Brown, W’02, had seeded Business Journal in 2012. the company. We signed dot-com clients like crazy — we were ringing Brett holds an MBA in High-Tech the new-client cowbell in the office Entrepreneurship from the Wharton all the time. We relocated our head- School and a BBA from the quarters to San Francisco to be closer to clients, which were mostly dot-coms. Shortly thereafter, when

WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM 9 comment about a product, all of those interactions are hosted by Bazaarvoice. We are behind the scenes with companies around the world, in 38 international languages. Why do clients trust Bazaarvoice to handle such a sensitive part of their businesses? To have customers trust you with their customer service, you need to have incredible uptime and service levels. The best convincing is by word of mouth, and our own Social Commerce Summits play a big role in that. Of course, we participate in conferences, like Shop.org. How important is having a partner or a supportive relationship, to be able to persist? At Coremetrics, my wife Debra worked with me from the beginning (and for the first couple of years of the Brett Hurt, WG’99, with his wife, Debra, at the Joseph business, post-venture-capital funding). Then, Andrew Wharton Awards Dinner Trader, WG’99, a classmate of mine, Scott Schopen, and Arthur Holcombe joined. I co-founded Bazaar- the dot-com bubble burst, our client base went from voice with Brant Barton, a genius who was very differ- 80 to two. I had to lay off most of my team and almost ent from me, and with me until this year. They were all threw in the towel. One night, I fell asleep wondering very important to my success and most of all Debra. if we would make payroll. The next morning I woke up , , with a smile on my face. My wife asked, “Why are you When I am backing companies, I am looking for three smiling?” “Because,” I said, “this is what I do; this is roles: (1) someone who can sell and market the solu- who I am.” We talked it over and rebuilt it from 2001 tion; (2) someone who can deliver service; and (3) to 2005. Accel Partners, especially, stepped up to the someone who can build it. table. Coremetrics became the second largest player Sometimes, one person can play multiple roles. Typi- in the industry, and in 2005, we sold it to IBM for close cally those roles are CEO, head of sales and market- to $300 million. , ing, and a CTO. Right now, I’m backing a company What lessons did you learn along the way that with a serial entrepreneur who can play any role ex- made Bazaarvoice such a success? cept building it, which is great for the first six months The direct outcome of the scar tissue from Coremet- while you’re ramping up. rics was to create a capital efficient business. We - What does it feel like when you focus? grew our next company, Bazaarvoice, steadily over six and a half years to create a $100 million revenue You’ve heard of that expression “in the zone.” It feels run rate (our run rate at the time of IPO), with only $24 natural, as if you and your team can accomplish any- million in funding — and we had $12 million left in the thing. Passion drives that. Know-how drives that. You bank at the time of our IPO. The secret is to collect as are focused, because you believe you can change the much cash upfront from annual contracts with clients world. At Bazaarvoice, our mission is: “Changing the and use that to fund the business, so you make your World, One Authentic Conversation at a Time.” business more client-funded than investor-funded. We have changed how people shop online, and how You need the right culture to be capital-efficient, and clients look at their customers. It’s a magical thing. I’m proud that, during that time, Bazaarvoice was You can accomplish things that people say are impos- rated as the No. 1 place to work in Austin, Texas, over sible. People would say that it is impossible to con- multiple years — as we grew from a small to large vince retailers, travel companies and financial compa- company. Also, employees created 15 new companies nies to allow negative reviews on their sites — it would to date in Austin, as a result of working at Bazaar- taint their sales. However, it drove sales, because voice. people knew they were shopping in an authentic environment. What does Bazaarvoice do? Bazaarvoice means the voice of the marketplace. A futurist once told me that entrepreneurs create the If you go to a major retailer’s website, for example, change. Think about it. Who is Huntsman Hall named and you read customers’ reviews, and leave your after? An entrepreneur. Who is the Wharton school

10 WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM THINK ABOUT IT. WHO IS HUNTSMAN HALL NAMED AFTER? University of Texas at Austin. He AN ENTREPRENEUR. WHO IS THE named after? An entre- served three terms on the Board of preneur. Who founded the Directors of Shop.org, the leading WHARTON SCHOOL NAMED AFTER? University of Pennsylvania? nonprofit industry association for AN ENTREPRENEUR. WHO FOUNDED Benjamin Franklin, an entre- retailers online and a division of THE UNIVERSITY OF PENNSYLVANIA? preneur. All of them had in- the National Retail Federation, credible focus and passion BENJAMIN FRANKLIN, AN . the largest trade organization for retailers. He also serves as an ENTREPRENEUR. ALL OF THEM HAD You’ve written about “really listening to your Entrepreneur-in-Residence at the INCREDIBLE FOCUS. customers and clients.” Wharton School. Brett established the Bazaarvoice Foundation and At Coremetrics, we had is very active in the philanthropic competitors who had been in business for five years, but their market- arena. He received the Austin ing analytics solutions seemed like they were built by engineers for en- Entrepreneurs Foundation’s gineers. Immediately, I met with customers from the beginning — I had Community Leadership Award in one perspective of being an online retailer, but I’m not smart enough to 2012. know what they want, so go out there and validate it, and build it with your client. It seems so intuitive, but so few people actually do it. As Brett is the Herb Kelleher investors, some business people become successful and think they are Center for Entrepreneurship and perfect and tell people how they should emulate them. I don’t believe Entrepreneur-in-Residence at the that at all. There are lots of factors toward success, and I have respect McCombs School of Business at for the entrepreneur’s critical role. Recently, as angel investors, we the University of Texas at Austin hosted a listening event here in Austin for startups at a coffee bar, Lola for 2013 to 2014. He serves as a Savannah, where we wrote provocative questions on the wall and did Mentor at TechStars Austin and as no talking and all listening. We learned a lot, which we put into practice. a Partner at Capital Factory, and can be found blogging frequently How important was Wharton for you? at http://lucky7.io, to help mentor It was transformational. I was motivated to be an entrepreneur when Austin’s entrepreneurs. Brett I was an undergrad, but I wasn’t prepared. Wharton gave me what I serves as the Chairman of the needed, and I worked my butt off. And it’s become a better place for en- Board for both Compare Metrics trepreneurs than when I was there. Of course, I had an unfair advantage. and Shelfbucks, two early-stage Because I was married, I didn’t have to spend time on the dating scene. companies based in Austin. He Because Debra was so independent, she allowed me to take the risk to can be followed on Twitter at @ be an entrepreneur. And Debra’s business instincts are unparalleled. bazaarbrett. Anything else? The most important thing to me is our family. Tomorrow, I’m going on a YPO [Young Presidents’ Organization] father-daughter trip. It’s something that I’ve really been looking forward to. My job is to do what my mom did for me — to find out what I was passionate about, which in my case was computers. That’s why my blog is called Lucky7 — I was lucky that my mom taught me how to program when I was 7 — to help me discover my calling in life, my passion. She wanted to feed what she saw as my interest. Think about the superhuman discipline that a par- ent needs to allow a child to follow his or her passion to the exclusion of everything else, rather than force the child to be passionate about what everyone else is doing, like playing sports. I love creating the future with technology. I love creating jobs, but family is the most important thing to me. That is my most critical role in life. ♦

~ KT

(To visit hyperlinks to Brett’s blog and companies, and to see more photos, Brett Hurt, WG’99, please visit www.readwny.com) receiving his award from Ivanka Trump, W’04, the 2012 recipient of the Joseph Wharton Award for Young Leadership Choosing to Lead Jacob Wallenberg, W’80, WG’81 Chairman of Investor AB 2013 Joseph Wharton Award for Leadership

ach generation of the successively successful Wallenbergs, quietly bestows responsibility Eupon the next generation. And each new generation must choose to accept it. Fortunately, for Sweden, Jacob Wallenberg, W’80, WG’81, Chairman of Investor AB, made that choice many years ago, and has steadfastly stayed at the helm. You could have attended any university. Why did you choose Wharton? It was my first choice. It was a highly regarded academic institution. I had already attended the Swedish Naval Academy and was looking for a way to get the tools of business, as well as a liberal arts education. For me, it was the right school. You spoke about your strong sense of responsibility in approaching your roles. For you, what is the relationship between responsibility and leadership? At a certain point, I took the decision to accept responsibility and accept the fact that I had to take a The Knut and Alice Wallenberg Foundation leadership role. The two hung together. When I wake granted an astounding $800 million to scientific up, I think about what is important for the foundations research just in the past five years. What are the where I am engaged. To fulfill what is important for foundation’s goals? the foundations, I must ensure that the companies in The purpose is not to find the next Nobel Prize which the foundations are invested, must perform to winner. It is for basic university research in medicine, generate a dividend and capital gains. To fulfill that, mathematics, chemistry, physics — long-term I must take a leadership role, to push for excellence research. As one example, we have done a lot of the and for the values that we have identified. gene mapping, which is published free of charge. That has kept many gene researchers in Sweden. “Esse non videri” is the Wallenberg family motto. For that to happen Ericsson, Electrolux and other What does that mean? , companies have to perform and pay dividends, which That is a motto from about 100 years ago. Roughly, in turn helps to finance the foundation. it means “to be, not to be seen” — to do things low- key. You can read articles about my family members How do you typically work with your companies answering business questions like yours, but you through your board memberships? won’t read about us in the glossy magazines. And it We have a non-executive chairman, and a separate probably reflects the Swedish character. As Swedes, CEO, which is different from many American we are a bit boring — we tend to focus, to be companies. proficient, to try to deliver.

12 We have a detailed discussion Many families have had wealth Jacob Wallenberg is the Jacob Wallenberg, WG’81 W’80, about operational performance, and influence which doesn’t non-Executive Chairman looking at a different division at endure. The impact of the of the Board of Investor Wallenberg family has grown. every board meeting. We meet AB, a lead shareholder of with management to review In our case, it is straightforward. Nordic-based international each business plan, and discuss We are the fifth generation. companies. He is Vice- performance, competitors and The second generation, Knut Chairman of SEB, strategy. Wallenberg, put all of our family’s Skandinaviska Enskilda wealth into a foundation where Banken AB. Historically, our board governance the assets are not owned by any Mr. Wallenberg serves on has developed differently from the individual — so no individual could the Boards of the Knut U.S. in two ways. We have large take his or her share and go off and Alice Wallenberg shareholders with a face with and spend it. The bylaws of the Foundation, SAS AB - representation on the board. I am foundation define the objective, Scandinavian Airlines - on the boards of these companies, which is to support Swedish (Vice Chairman), Ericsson because I am a leading research and education. AB (Vice Chairman), ABB shareholder. What are your thoughts on Ltd and The Coca-Cola leadership? Company. In contrast, in the U.S., capital 1) Stand up, and be a leader — Mr. Wallenberg is Honorary is normally managed by large Chairman of IBLAC, the take initiative. institutional funds that are not Mayor of Shanghai’s 2) Set clear objectives and vision long-term shareholders in their . International Business nature. In our business model, 3) Lead by example. Leaders Advisory Council, we don’t buy to sell; we can Which leaders have inspired Vice-Chairman of SACC- own stocks for 50 or 100 years. you? US, the Swedish-American I am not saying that one system Chamber of Commerce A leader I admire today is Angela is better than the other, but US and a member of ERT, Merkel — her achievements in it is simply the way we have the European Round times of challenge impress me developed. . Table of Industrialists. Mr. I admire both Ronald Reagan Wallenberg also serves on What did you learn at Wharton and Margaret Thatcher, who the Board of Stockholm and in America that still affects were instrumental in bringing School of Economics. your life and business? communism down. Margaret The most important lesson was Thatcher also finally got England Born in Stockholm 1956, Mr. realizing that your own country to become a more modern market- Wallenberg was educated is not the center of the universe. oriented economy. ♦ at the Wharton School, The world is larger. Being engaged University of Pennsylvania, throughout the world, I have to ~ KT where he earned a Bachelor recognize that people are different, of Science in Economics in that values are different. I learned 1980 and an MBA in 1981. Mr. that at Wharton, and it was hugely Wallenberg attended the Royal important. It taught me that I have (r.) Jacob Wallenberg Swedish Naval Academy and to be out there in the world. receiving the Joseph Wharton is today an Officer in the Royal Award for Leadership from Swedish Naval Reserve. Jacob Wallenberg, W’80, WG’81, 2009 recipient, Robert S. with family and friends at the Kapito, W’79, President Joseph Wharton Dinner of BlackRock If you Make More Good Decisions Ronald O. Perelman, W’64, WG’66 2013 Joseph Wharton Award for Lifetime Achievement

Ron Perelman, W’64, WG’66, entertained and inspired

t his acceptance speech for the 2013 Ed Shields, who created, I believe, the first Joseph Wharton Award for Lifetime entrepreneurial center in America. Ed taught AAchievement, Ron Perelman credited his us, ‘Take the financial training and accounting Wharton professors for teaching him how to make tools, and use them as the backdrop to use your decisions and why he should make them. That instincts, your entrepreneurial talents, which all of clarity has served him well to create and grow his us have, to make decisions.’ wholly owned MacAndrews & Forbes Holdings, “Another professor, from Australia, Douglas which includes major players in the cosmetics, Vickers, was my most quantitative instructor. entertainment, biotechnology and military He would fill up 40-foot-long blackboards with equipment industries. Similarly, Mr. Perelman formulas. On our last day of class, the professor makes larger-than-life decisions to give away said, ‘Look, I taught you all these formulas, and much of his gains to medical institutions, the arts the basis for financial valuations, but I want to and to universities. leave you with one thought: “I came to Wharton as a typical, kid from The most important thing is for you to make Philadelphia. I went through the undergraduate decisions. If you don’t make decisions, then program, and was one of the few who continued someone else will make them for you. Don’t lose through the graduate program. control of the decision-making process, and if you It was one of the most remarkable experiences make more good decisions than bad decisions, of my life. Wharton took me and gave me a you will be a success.’ discipline, a focus and the tools to ply my trade. “I then went to work for my father, an entrepreneur “One of my most influential teachers was in Philadelphia, and a fabulous boss, who gave

14 WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM Ronald O Ronald O. Perelman, W’64, WG’66, is the Chairman and CEO of MacAndrews & Forbes Holdings, a diversified holding company with interests in cosmetics, entertainment, biotechnology and military equipment. Among the principal interests of MacAndrews & Forbes are Revlon, AM General, . Perelman, WG’66 W’64, Scientific Games, SIGA Technologies, Deluxe Entertainment Services Group, Harland Clarke, Harland Financial Solutions, Scantron and Ron Perelman, W’64, WG’66, receiving the award from Global Scholar. William Mack, W’61, the 2008 recipient of the Joseph Wharton Award for Lifetime Achievement In addition to his extensive business interests, Mr. Perelman is an active philanthropist me an enormous amount of authority and responsibility, right who believes that out of graduate school. I immediately put into practice the powerful results can be advice of these two significant teachers, and then learned achieved when financial from my father what to do when you make poor decisions, resources are leveraged which is to face up to them right with human resolve. away, and correct them. He has established the DON’T LOSE CONTROL “If it wasn’t for Wharton, I Revlon/UCLA Women’s wouldn’t be here, because I Cancer Research OF THE DECISION- Program, the Ronald O. wouldn’t have learned all that MAKING PROCESS, AND Perelman Department I did. I’m truly thankful to all of of Dermatology at New IF YOU MAKE MORE you for this honor, and to the York University’s Langone GOOD DECISIONS THAN teachers who spent the time and Medical Center, the BAD DECISIONS, YOU energy on kids like me.” ♦ Ronald O. Perelman Heart Institute at New York WILL BE A SUCCESS. ~ KT Presbyterian Hospital, and (To visit hyperlinks and see more the Ronald O. Perelman and Claudia Cohen photos visit www.readwny.com) Center for Reproductive Medicine at Weill Cornell Medical Center. He is Vice Chairman of Carnegie Hall and serves on the boards of the University of Pennsylvania, NYU Langone Medical Center, New York Presbyterian Hospital, Weill Cornell Medical Center, Ford’s Theater, the Apollo Theater, the Tribeca Film Institute, the Museum of Modern Art (MoMA) and Columbia Business School. He is also a member of the French Legion of Honor.

Mr. Perelman holds a B.S. in Economics and an MBA from the Wharton School of Business at the University of Pennsylvania. He lives in New York City with his wife, Dr. Anna Chapman, and is the father of eight children. Ron Perelman,W’64, WG’66, with Brett Hurt, WG’99, Ivanka Trump, W’04, and William Mack, W’61

15 Creating an Impact on Investing D. Wayne Silby, W’70 Founding Chair, Calvert Social Investment Fund 2013 Joseph Wharton Award for Social Impact

. Wayne Silby, W’70, makes you think what a great country this is — and what an Damazing school Wharton is, that an 18-year- old kid from a small town in the Midwest could seek it out and receive an education and relationships, with which he unexpectedly transformed the world. First, there is Calvert Investments, a $12 billion investment management group he founded in How did Calvert Investments come about? 1976. Then, six years later, with his Calvert Social After graduating from Wharton and the then law Investment Fund (CSIF), he helped conceive the school six years later, I didn’t have a job and didn’t impact investing movement, which collectively, completely know what I was doing, but I did have today handles $3.4 trillion in assets. In 1987, he a desire to be financially independent. I founded co-founded the Social Venture Network, a peer- Calvert, with John Guffy, a fellow from the last row to-peer network of 600 values-driven business of my Wharton accounting class. I developed the leaders, social First Variable Rate Fund, which became one of the entrepreneurs first variable-rate government money market funds. and impact It was structured in such a way as to combine investors, short-term, fixed-rate securities with long-term, which has variable-rate securities to provide one of the incubated highest and safest yields. We did not foresee that even more interest rates would rise from 4% to 14%, but we business did ride the boom! We were just in our 20s, but alliances. ended up managing over $1 billion by 1982. Today, he spreads his What happened in 1982 that prompted you to message create Calvert Social Investment Fund? globally. As I went to a retreat — on “right livelihood” — which the recipient is a Buddhist principle to lead one’s life consistent of this year’s with one’s values. It made me think to myself, Joseph “My gravestone is going to say that I got 30 basis Wharton points higher than the next guy.” But it wasn’t like Award for I was Mother Teresa; I just thought, “Why don’t we Social Impact, put a little money into a fund that would screen he conducted investments?” I already had the staff, the lawyers this interview and the phone lines, so why couldn’t we make with a this kind of filtered fund accessible to our existing modesty that audience. We weren’t betting the ranch. Once we reflects his set up CSIF, a lot of people showed up who truly roots. were the founders — in a sense, I just financed it D. Wayne Silby, W’70 and created the impetus.

16 WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM D When you were creating Calvert in 1976 and then the CSIF in D. Wayne Silby is an 1982, how were your ideas received? entrepreneur in activities . Wayne Silby, W’70 You have to remember that, in 1976, we were just 25, and that combine investment people advised us to get a job instead of starting an investment with social benefit. He is the Founding Chair company because we had no money. It was probably the of Calvert Funds, with cheapest investment startup in history, as I wrote the prospectus assets of $12 billion, myself. Regarding the CSIF — it’s hard to imagine because these including the nation’s social funds are so widespread today, but 31 years ago, it was first social investment the first comprehensively screened investment fund. People fund. He is also the Chair of Calvert Foundation ($400 million), which directs monies to underserved communities.

Silby co-founded the Social Venture Network (now in its 25th year). ICE (a British environmental organization) and Syntao (a social impact consulting firm in China), and has been involved in creating several impact investing funds: the Emerging Europe Fund for Sustainable Development (OPIC Fund), and Calvert Michael Bacon of AIG, past assistant to Wayne Silby, with Social Venture Partners (the first Jenna Nicholas, Executive Assistant to Wayne Silby social venture capital fund circa 1989). He was an advisor to the China wanted to know if we were on LSD or something! Even at Calvert, Environment Fund in which Calvert was a founding investor. He is advisor our five key managers voted against it, but fortunately, their votes to Grameen Foundation in China, and were advisory. My partner abstained from the decision, and I produced a documentary in Chinese voted, “Yes.” on microfinance. He has served on a number of boards, including What is a recent investment by CSIF that you are proud of? the American Association of Higher One Earth Designs. Its mission is to bring innovative and clean Education, Business Executives for energy solutions to people around the world. National Security, East West Institute and Grameen Foundation USA. Why is Calvert involved in shareholder actions? We do about 20 shareholder actions each year. Sometimes, In September 2011, Silby authored the changes the corporations make are confidential, but one the lead article in the MIT Innovations example I like to share was about 10 years ago, we went to Dell Journal, focused on impact investing. to ask its board to do a study on what happens to its computers He is a graduate of the Wharton School and Georgetown Law School. after being sold, and its lawyers were very against it. Then, Michael Dell heard about it, invited us to his office and supported the idea. Michael Dell was great. Dell began the first computer recycling program, partly because of the resolution we filed. If you are an investor, you have a responsibility to make some suggestions and speak up. IN 1976, WE WERE JUST 25 YEARS OLD, AND PEOPLE Everyone has the same 24-hour day. How do you get so much done in yours? ADVISED US TO GET A JOB I have pretty good people. As Chairman of Calvert, I stick with INSTEAD OF STARTING AN governance issues. You want to empower management. That’s INVESTMENT COMPANY not to say that I agree with all their decisions, but if you micro- BECAUSE WE HAD NO MONEY. manage, there are not enough hours in the day. So that’s how

WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM 17 blessing of working within this impact arena, because a lot of top talent shows up. When J.P. Morgan announced its social finance fund, it attracted 1,100 resumes, from inside J.P. Morgan. In fact, I’ll be at Goldman Sachs this week, to help its social impact fund people — it’s a way for the company to attract talent. A lot of the younger generation, including the younger generation of wealth — where money is being transferred, want to know how their money is making a difference in this world, Earth One Designs’ solar cook stove which makes sense to me. How does Impact Assets you do it — you have a rule that you try to go AT 18, I INVESTED work with donors? along with management, unless you feel that ALL OF MY COLLEGE We help donors look at they will do so much damage to the company TUITION INTO COCOA investments as another that you have to say something. means of manifesting their FUTURES — PROBABLY How do you select and grow people to values in the world. Say, a bring your ideas to fruition? NOT THE WISEST THING. high-net-worth individual has a liquidity event; he You make a relationship with people who have BUT IT WORKED OUT, sells his company for $5 talent. We try to look internally to promote SO I TRANSFERRED TO million, which is going to people. Our people have substantial buy-in, WHARTON. result in long-term capital so they want the company to succeed. For gains taxes. He decides to example, we just transitioned in a new CEO at donate $1 million in stock during this event to Impact the Calvert Foundation — she came from within the Assets’ donor-advised fund, for which he receives a company. Also, we haven’t had a lot of changes over $1 million tax deduction. With the assistance of the the years, because our co-founder CEOs love the investment team, the donor can advise that his assets company. It’s not like they are climbing a corporate are reinvested toward the installation of solar panels ladder. There is a lot of meaning to their work. in schools, for which he can also earn a return that We have one company, Impact Assets, a donor- inures to the benefit of his donor-advised account. advised fund, which is part of the Calvert constellation, led by a fellow we took out of the Early on, how important was language in helping foundation. And we started Social Capital Markets investors and partners understand what you were (SOCAP), which together have over $100 million under doing? management, and we don’t even have an office. It’s Language is very important! You can have people amazing the talent wanting to work in this space. come into a room under two scenarios. If they We do have a back office in Bethesda, Maryland, anticipate a competitive deal, they’ll act one way, but but we don’t have a front office, because usually, if they expect they will be collaborating on a social they are networking with high-net-worth individuals, venture, the conversation creates a kind of openness who are donating millions of dollars into investment — yet they are the same people. Those kinds of words opportunities. Most donor-advised funds just use — “collaboration,” “network,” “social venture” and an “off-the-shelf” system, whereas we help donors “patient capital” — these are all parts of our lexicon craft their investments, whether they want to support that help inform and further these enterprises. Take charter schools, or help an ecological venture. That’s a “patient capital” — we think those deals should be on

18 WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM the table as well. Our company Seventh Generation standard among our classmates that encouraged you was formed 13 years ago. If an investor had invested to think creatively. I was very charged — I think they $100k at the time we invested, it would be worth $1 mistakenly put me in the economics honors course — million today. I joined clubs, and I was the first student to be on the Wharton curriculum committee and suggested that we Is America unique in charitable giving, compared should have the arts. I’m very thankful for my Wharton with Europe? experience. Absolutely. This is an American experience. What are you doing now? Can the general public participate in the work of the Calvert Foundation? I’m speaking to large financial institutions, and national sovereign wealth funds around the world. It’s interesting. This week, I’m going to New York We are building toward an argument that, if all major to seek more net capital for Calvert Foundation; it’s asset fiduciaries set aside 2% of their investment a victim of its own success, in that the public has portfolios, at below-market rates, to bring more lent Calvert hundreds of millions of dollars. It’s one ecological balance and social justice into the world, of the few ways that the public can participate in then this would create more investable, sustainable impact investing and express their values — because opportunities for the other 98% of the portfolio. normally, it’s for high-net-worth people. Through the The result of these high-social-impact investments public’s lending, we support microfinance around would be to reduce overall portfolio volatility, so the the world. Calvert is bringing the democratization risk-adjusted returns of the portfolio will be better. of impact investing to the fore, which is essential. If we can actually prove this, then it may suggest a But we do need more net capital to meet reserve moral imperative for allocating that 2%. requirements. ♦ ~ KT Have graduate schools gained a better understanding of how to teach about impact (To visit hyperlinks and see more investing? photos visit www.readwny.com) In 1993, at one of our Social Venture Network conferences, we asked some Stanford Business School graduate students to help out. At that conference they got this idea that became Net Impact, which today has hundreds of thousands of members. At Wharton, the Social Impact Initiative www.socialimpact.wharton.upenn.edu/ is hard to join. Wharton has a special understanding of finance, so it’s great the school is putting some thought in that direction. At Harvard, the social enterprise club is the most popular club. My executive assistant Jenna Nicholas will teach a course on impact investing to graduate students at Tsinghua University in Beijing next month. It’s unbelievable how this has grabbed young people’s minds. What did you learn at Wharton that contributed to your success? I loved Wharton, because it had very high standards! It was the late ‘60s, a radical time, but I loved finance. Actually, my first year in college was at a Big Ten school, where at 18, I invested all of my college tuition into cocoa futures. Probably not the wisest idea, but it worked out, and I transferred to Wharton in my second year, where it was normal for everyone to carry around The Wall Street Journal. Wharton had a certain D. Wayne Silby, W’70, receiving the Joseph Wharton Social Impact Award from 2012 recipient, David Nash, WG’86

WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM 19 Candace Whye, W’11 Senior Research Analyst, Media Storm

f you ever find yourself in a or jazz dance, which funk about “the future” or I studied growing up, I“what things are coming to,” and the techniques are then find a reason to meet with nuanced. I learned so a young Wharton alum. The much!” She also joined confidence, joy, intelligence, 400 other students in consideration and zest of a recent Community Schools graduate — say, someone like Student Partnerships, Candace Whye, W’11 — will put volunteering four times your mind at ease. And you will per week as an after- thank Wharton for doing its job so school mentor in eight well. local elementary schools. Growing up in Baltimore, Upon graduation and Candace came to Wharton moving to New York City through one of the school’s in 2011, Candace joined outreach programs with the Media Storm, a small encouragement of her teachers. full-service advertizing She initially considered the agency, which allowed actuary sciences, but soon her to work in marketing discovered that marketing fit and, with its employee- her personality. One of her best centric culture, maintain memories from Wharton was her a great work-life balance. Management 101 course. “I sat Her company has grown in that classroom with people since she joined, she’s Candace Whye, W’11 from all different walks of life, received two promotions thinking, ‘We are going to get all and is now a senior this knowledge,’ but at the same research analyst. “I have a creative, focused and dedicated.” time, ‘There are these client-focused role, working with One of the first things great people.’ It brought a few cable TV networks. Our Candace did when she came me a sense of community. team does primary and secondary to New York was became a Big I knew the four years were research for clients’ media Sister for a 13-year-old girl in going to be tough, but planning and placement. Say, a the Bronx. “Being in her life is also I felt like I was going network has a new show coming important. Even if I can’t get there to get all this support.” out and wants to promote the as often as I like, we talk on the To balance her show and get new people into the phone, and she G chats me.” Last studies, and find a “family” network. We help them develop a year, Candace joined the Penn at school, Candace strategy on what kind of media to Alumni Interview Program, where performed as a varsity buy and who to target, and learn she can give a recent student’s cheerleader for three more about their target so that perspective as to whether the years and, in her senior the client can better communicate applicant will fit in, and help year, joined a West with them. Our agency also identify what’s special about them African dance troupe. executes and measures all of that doesn’t come across in the Candace explained, “The the media that we place, which application. “I’m so grateful to dances are often about includes digital billboards like Wharton and want to give back. a rite of passage. The you see in Times Square, TV So far, the applicants seem body movements are promo commercials and print. Our comfortable with me, and really different from modern customers like us because we’re open up!” ♦

20 WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM Melanie Zhao, W’13 Analyst, Digitas

respect the senior leadership revenue of the firm, and I feel that stream way at Digitas. I was lucky assessment.” to make that move, because I currently it’s not easy finding a new work with job. Wharton gets credit for a large making me better prepared, financial firm, attuned to the interview and a large process, and just being there insurance on the resume.” firm. For one Melanie recently client, I’m attended her first helping craft homecoming as an alum. its strategy “Honestly, school was the in the mobile most amazing experience space. It’s — beyond the professors, interesting, and the name, it was the because environment itself, so I had insurance to come back to see friends. products Plus, it’s nice to get out of are so the city.” Melanie grew up different from far from large cities, in South the usual Carolina, and wanted to branded attend Wharton to pursue consumer Melanie Zhao, W’13 marketing. Her two favorite good. You classes were on consumer can’t just ne abiding thought that behavior and creativity taught order it online Melanie Zhao, W’13, by Professor Rom Schrift, and with two-day OBenjamin Franklin behavioral economics taught shipping, Scholars & Joseph Wharton by Professor Jason Dana. She and it’s a Scholars, carried from school also loved her stint as a VP of product you is that, “Everything works out a start-up with entrepreneur hope you’ll because you make it work out.” Felicia Curcuru, W’07, because never have She quickly put that maxim it gave her so much real-world to actually to use when, two months experience and strategic thinking use. Brand after moving to Manhattan insight. Beyond her classes, strategy is and starting her first job after Melanie served as a VP on the like a really fun and interesting graduation, she realized 100- Restaurants Committee for the puzzle to tackle. hour work weeks would not be Undergraduate Hospitality and Outside of work, Melanie is sustainable. “I loved the industry, Travel Club, a team member involved with Fighting Chance, but I couldn’t even unpack the on a Wharton Field Application a nonprofit that aims to change boxes in my apartment,” Melanie project, and a member of Penn the way domestic violence is recalls. She took action, applying Chamber. portrayed by the media and her for and obtaining a position at At Digitas, Melanie works generation, and helps victims the marketing firm,Digitas , where in strategy and analysis. “We of domestic violence escape she is very happy. “It’s important do program optimization, abusive situations. ♦ for me to aspire to be and to segmentation, new project and

WHARTON CLUB OF NEW YORK | WINTER 2013 | WWW.WHARTONNY.COM 21 Take the Call! The Wharton alumni community is one of the most exclusive and powerful networks in the world. One key element of our success is the willingness of alumni to help other alumni. Take the Call is a simple concept: Wharton alumni should buy from, hire and help Wharton alumni. And if a Wharton alum calls us for any reason, we Take the Call. The Take the Call Forum allows you to directly reach the Wharton alumni community. Just submit your request to www.whartonny.com/forum.html, and it will be promoted This leadership position within Wharton Entrepreneurship to the 30,000 Wharton alumni in the New York metro (WE) has key responsibilities, including management of area. Find opportunities offered by your fellow Wharton the flagship Wharton Venture Initiation Program (VIP), alumni. Help alumni get answers. Gain ideas and useful the teaching program in entrepreneurship, providing information. oversight to the entrepreneurship activities at the Here are some excerpts from the latest Take the Call Wharton|San Francisco campus and leading WE alumni Forum. programming. If interested please contact Club Secretary, Gabriela Sanchez at [email protected]. JOIN A GROWING HEDGE FUND Looking for an individual to join a growing $100+ MM PART TIME FLEXIBLE PROJECT WORK SELLING hedge fund or act as a third party to one. The individual SPONSORSHIPS must have a strong, demonstrated track record of We are looking for people to identify and sell success in raising assets with a particular focus on sponsorships to companies interested in sponsoring HNW, family office, and smaller fund of funds. If you fit high profile senior executive events. This is an this description or know anyone who does, please pass independent, flexible, commission-based selling role along a CV or background information to Keith at resume. for an independent consultant or a stay-at-home mom [email protected]. or dad who wants to work 4-6 hours a day. Contact: [email protected]. MASTER RESUME WRITER I am a triple certified Master Resume Writer (MRW, ACRW, CPRW), Wharton MBA, TORI Award nominee, and former executive search professional with Spencer Stuart. My expertise is in creating powerful executive resumes, The Wharton Club of New York cover letters, biographies, and LinkedIn profiles for appreciates the enthusiastic support C-level leaders, entrepreneurs, expatriates, and other of the following supporting members: professionals. With both domestic and international experience, I can help you market yourself either locally, WCNY Benefactor Member or on a global basis. Christopher Stavrou, WG’67 Please feel free to get in touch if I can help you with General Partner any of your professional marketing materials. Gulnar K. Stavrou Partners Mewawala C’98, WG’06, [email protected]. [email protected]

THE WHARTON ANGEL NETWORK IS WCNY Silver Members RESURRECTED! Kevin Kotler, W’93 The vision is to make the Wharton Angel Network Managing Partner the most desirable place for an entrepreneur to find Broadfin Capital investors and for Wharton-affiliated angel investors to [email protected] find new investment opportunities. If you are interested in volunteering with WAN, please contact Club Secretary, Jack Huang, GEX’03 Gabriela Sanchez at [email protected]. Vice President Aberdeen Asset Management SR. ASSOCIATE DIRECTOR, WHARTON [email protected] ENTREPRENEURSHIP (WE) Supervisor’s Name: Emily Cieri Supervisor’s Title: Managing Director

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