Investors’ Report 2009 –10 K U N O A Y H T This annual publication provides the Rotman School of Management with an opportunity to acknowledge — and thank — our donors and friends. Their generosity is helping the Rotman School open its doors even wider to innovation.

A Message from the Dean 1 The Year in Review A New Building 2 Faculty and Research 5 Students 7 The Rotman Vision Fund 8 Donors 10 Rotman Boards 15 Campaign Fundraising Progress 16 Rotman at a Glance 17 It is my great pleasure to thank all the people and organizations who have supported the Rotman School. How gratifying — especially in these challenging economic times — that our donors choose to extend their valued vote of confidence in our work to advance business research and education.

We continue to set our sights high, translating the generosity of our alumni and wide circle of friends, as well as our faculty and staff, into significant initiatives that are inspiring the best minds.

I am also pleased to report that things are moving full steam ahead with our $200-million campaign, which launched publicly in 2008. In this report, you will find information about the status of our fundraising as of April 30, 2010, as well as listings that acknowledge our donors — the lifeblood of this campaign. You will also find recent examples of how their support is making it possible for us to attract more of the best scholars and ramp up our teaching, research, and outreach strategies.

The tremendous show of confidence the Rotman School is receiving in its ongoing journey for innovation and excellence continues to be a great source of inspiration to our faculty and students. On behalf of all of them, thank you to everyone who has generously supported us.

Roger Martin Dean, Premier‘s Research Chair in Productivity & Competitiveness, Director, Michael Lee-Chin Family Institute for Corporate Citizenship, Professor of Strategic Management, Rotman School of Management

1 THE YEAR IN REVIEW MAY 200 9 – APRIL 2010

Highlights of some of the Rotman School’s latest initiatives and the generous donors behind these success stories

A groundbreaking ceremony was held Groundbreaking event for the in September 2009 to mark the start of construction new building with (front row, on a new building that will double the amount of left to right) Marcel Desautels , Roger Martin Joseph research, teaching, and study space available at the , and and Sandra Rotman . The event Rotman School. Designed by award-wining KPMB included a panel discussion architects, the new building will be fully integrated with on the topic of “Building our central facility at 105 St. George Street and Excellence in Business Education,” moderated by Amanda Lang, will be completed in time for the 2012 academic year. Senior Business Correspondent for CBC News. BMO Financial Group continues its outstanding precedent for giving to support access to higher education. Education is a core focus of BMO‘s charitable- giving philosophy, which emphasizes that strong, healthy, and civil communities are the foundation of a prosperous and resilient society. BMO‘s gift of $1.75 million to the Rotman School , part of a Social responsibility has been an important part of larger gift of $2.5 million to the University Procter & Gamble ‘s heritage and commitment to of Toronto , will be recognized by naming the BMO sustainability. It is embedded in the company’s purpose, Financial Group Finance Research and Trading Lab . principles, and values. Driven by this philosophy, It will replace the existing Financial Research and Procter & Gamble invests in community needs that Trading Lab, more than doubling its teaching capacity include education. A gift of $250,000 from Procter by providing more workstations loaded with the latest & Gamble will be recognized by naming the financial analysis tools and databases. This facility Procter & Gamble Student Study Lounge . will allow students to access the global financial The lounge will act as an essential focal point for community in a real-time setting and further extend students, providing them with much-needed room to their global reach and competitiveness. share ideas and build a community of learning.

$750,000 of BMO’s gift will create a new undergraduate scholarship program for students who have successfully completed a University of Toronto bridging program that prepares them for post-secondary education and who have gained admission to undergraduate studies at the University.

The new building will contain technologically advanced classrooms and student lounges.

2 MORE ROOM FOR A GROWING COMMUNITY A NEW OF SCHOLARS BUILDING

A WIDER CIRCLE OF LEARNING AND SUCCESS

3 A NEW BUILDING continued

Doubling the value of their giving by encouraging To provide an array of advanced technological others to make a donation, Mary B. (MBA ’85) services that reinforce learning during lectures and and Graham Hallward contributed $100,000 that presentations, the new building will contain the was used to support the construction of the new Nesbitt Family Media and Teaching Effectiveness building as well as a matching gift challenge for Centre . Named for a gift of $100,000 from the annual Rotman Vision Fund. The challenge Richard Nesbitt (MBA ’85) , this multimedia and resulted in nearly 300 new gifts and helped video conferencing facility’s impact will extend achieve an increase of 52 per cent in new donors globally by making it possible to conduct compared to the previous year. recruitment and job interviews at a distance so the Rotman School can grow its international student population and connect graduates with employment opportunities around the world. Student study rooms in the new building, providing space for work on group projects and serving as an essential resource for team-skills development, will be named in recognition of gifts of $50,000. Donors who have generously donated at this level of giving include the Debbie and Donald Morrison Family Foundation (Donald Morrison, MBA ’83) and Rotman School Professor Alan White (PhD ’87) .

The new building will feature a multi-storey atrium and the new home for the Desautels Centre for Integrative Thinking (see page 5).

4 FACULTY AND

THE BEST MINDS AND IDEAS

A significant investment in pension education has created the ICPM Professorship in Pension The DCIT was founded by earlier Management . The inaugural Professorship holder is donations by Marcel Desautels Alexander Dyck . With the world now looking to as a model for superior investment practices, — one of Canada‘s leading the Professorship is supporting research and the philanthropists and supporters of development of case studies whose impact will be better design, management, delivery, and collaboration education — whose lifetime giving strategies for pension management organizations. to the Rotman School amounts to The Professorship is supported by a $300,000 an extraordinary $41 million. investment by donors that include Healthcare of Pension Plan , Ontario Teachers’ Pension Plan Board , OMERS , and the ICPM .

Mihnea Moldoveanu , the academic director of the Desautels Centre for Integrative Thinking (DCIT) at the Rotman School, has been named the Marcel Desautels Professor of Integrative Thinking. He, along with Dean Roger Martin , has been Thanks in part to support through the Vision Fund , key to the development of Integrative Thinkin gTM, six new faculty members joined the Rotman School which has become a fundamental part of how of Management for the 200 9–10 academic year. the Rotman School teaches and conducts research. Each year, new faculty strengthen the Rotman School‘s teaching and research. New faculty members include: Marlys Christianson as an assistant professor of organizational behaviour and human resources Dean Roger Martin was named management (OBHRM); Katherine DeCelles , also as one of the world’s most influential an assistant professor of OBHRM; Sarah Kaplan as living management thinkers in an associate professor of strategic management; Michael Ryall as an associate professor of strategic the Thinkers 50 ranking published management; Kent Womack as a visiting professor in The Times (London, UK) on of finance (while at Rotman he will hold the Chair in Financial Services ); and Liyan Yang as an October 14, 2009. assistant professor of finance.

5 RESEARCH

FRESH, PRODUCTIVE BUSINESS STRATEGIES, PRACTICES, AND TOOLS

In October 2009, Business Week

named the Rotman School one A respected research centre at the Rotman School of the world‘s 30 best schools that focuses on the integration of corporate citizenship for educating the design thinkers into business strategy and practices has been renamed the Michael Lee-Chin Family Institute for Corporate and innovators of the future. Citizenship (Lee-Chin Institute) . Formerly the AIC Institute for Corporate Citizenship, the new name honours the continuing involvement of founding donor Michael Lee-Chin and his family .

Rotman School faculty published six new books that provide the business community with practical insights. For example, Wendy Dobson authored Gravity Shift , which considers the future global role of Asian economies. Joseph Martin published Relentless Change , which serves as a casebook for the study of Canadian business history. Dilip Soman co-wrote Managing Customer Value with Rotman School graduate Sara N-Marandi (MBA ’08) . Dean Roger Martin published The Design of Business , which focuses on merging business and design practices through Business Desig nTM.

With The Design of Business , “[ Roger ] Martin effectively argues for embracing design thinking as business strategy.” — Mark Dziersk, Fast Company , April 26, 2010

6 STUDENTS

Creating a chance of a lifetime to be inspired by a legendary financier, a gift from John H. Watson (MBA ‘67) made it possible for a group of second-year MBA students to travel to Omaha, Nebraska, in the fall of 2009 to meet with Warren Buffett. The students were enrolled in the value investing class led by Eric Kirzner, John H. Watson Chair in Value Investing. This is the sixth time Rotman School students were invited and that Mr. Watson supported their visit.

TOMORROW’S TOP LEARNERS LEADING THINKERS

Injecting an enormous show of support in the Continuing its support of talented female scholars, Rotman School‘s quickly expanding PhD program, the Leacross Foundation has provided an additional Dr. William Waters (MBA ’62) has committed up to $106,000, matched by the Graduate Student $1,000,000 in matching contributions for student Endowment Fund, to the Leacross Foundation/ fellowships. The first will be established in memory R. Bern Award for Women. This latest gift increases of Myron J. Gordon, Professor Emeritus of Finance the endowment for this award to $300,000. at the Rotman School, who enjoyed a long and highly distinguished academic career in economics To support student scholarships, The John and and finance. Deborah Harris Family Foundation (John Harris, MBA ’77) has provided the Rotman School with To provide financial aid to new Canadians from a gift of $25,000. South Asia or Southeast Asia, a $100,000 endowment has created the Lal Khanna Award. The Rotman School and the Centre for Mental Enhancing the diversity of business culture, this Health and Addiction (CAMH) are working support was created through a gift of $50,000 together to help people with mental health and from Julie Khanna, Ranjan Raja Khanna, and addiction issues explore self-employment. Called Kamal Sharma, along with friends and family of the CAMH Social Venture Capital Fund (at the Manohar Lal Khanna (MBA ’71), and matched Rotman School of Management), this pilot initiative by the Graduate Student Endowment Fund. identifies, supports, and finances entrepreneurs in small-businesses ventures and was funded this year through an additional gift of $100,000 from Sandra and Joseph (MCom ’60) Rotman.

7 A BROAD-BASED VOTE OF SUPPORT VISION FUND

The Rotman Vision Fund Vision Fund gifts are an integral part of the Vision Fund contributions enabled $200-million campaign. The fund provides everyone Rotman School professors to publish with an opportunity to participate by making annual unrestricted gifts — be they large or small — groundbreaking research on such that collectively support the Rotman School‘s top topics as the benefits of earning educational and research priorities as well as support graduates . a CFA and the opportunities and challenges presented by lessening our dependence on oil.

Networking opportunities for graduates, such as this roundtable discussion held in June 2009 for alumni interested in e-Commerce, are supported in part by the Vision Fund.

The Vision Fund helps support programs like our International Study Tours, where students learn about emerging markets. Tours offered during the 2009 –10 academic year included travel to China, India, Latin America (shown), and the Middle East.

8 FLEXIBILITY TO RESPOND TO EMERGING NEEDS

Gifts received this past year — from more than • $152,827 contributed by nearly 300 donors 1,050 Rotman School alumni and friends — through a matching gift challenge — see Mary B. totalled $635,000 and include: (MBA ’85) and Graham Hallward ’s gift on page 4 — which helped achieve an increase of • Significant leadership-level gifts of $25,000 from 52 per cent in new donors compared to the W. Geoffrey Beattie and $25,000 from Wade previous fiscal year. Robert Felesky (MBA ’01) , in addition to $15,000 from Bob Ewen (MBA ’77) . • $120,000 collectively contributed by 62 per cent of Rotman School faculty and staff members . • 36 individual gifts of $5,000 or more, which will be recognized with a donor’s name on a seat in the event space in our new building. Gifts of $5,000 or more to the Vision Fund, payable over a period of up to five years, will be recognized by placing a donor’s name on a seat located in the new building‘s event space. For more information about this recognition opportunity, call 416.946.3975 .

With fully retractable seating, the multi-purpose event space will suit a variety of events, including lectures, conferences, and formal dinner functions.

9 $200-MILLION CAMPAIGN CUMULATIVE GIVING

The following donors have generously supported the Rotman School with cumulative pledges of $25,000 or more between May 1, 2006 (the start of our $200-million campaign), and April 30, 2010. †

$15,000,000 or more $50,000 – $99,999 $25,000 – $49,999 George and Leanne Lewis Marcel Desautels James Archer Shee Aecon Group Inc. Loblaw Inc. Sandra and Joseph (MCom ’60) Rotman Birch Hill Equity Partners Jamie and Patsy Anderson Roger Martin Gordon and Jean Campbell W. Geoffrey Beattie McCarthy Tétrault LLP $3,000,000 – $4,999,999 James W. Davie Blake, Cassels & Graydon LLP Michael and Janet Norris Lee and Margaret Lau Michael B. C. Davies Brendan Calder Osler, Hoskin & Harcourt LLP George and Katherine Dembroski Canadian Securities Institute Research Peter Pauly $1,000,000 – $2,999,999 Bryce W. and Nicki Douglas Foundation Richard and Karen Pilosof BMO Financial Group David and Lenore Hawkey David and Valerie Christie Dugald and Liz Ritchie Martin Ossip Family at the Healthcare of Ontario Pension Plan CIBC Gordon M. Ritchie Jewish Foundation of Greater Toronto (HOOPP) Adrian J. Coote Gerry Rocchi (MBA ’81) RBC Foundation Marjorie and Don Lenz Cullen Family Estate of Mary Verna Simmonds William (MBA ’62) and Phyllis Waters Bruce MacDonald Timothy D. Dattels Skoll Foundation Margaret and Wallace McCain Michael Edwards Richard and Leanne Tavoso $500,000 – $999,999 Doug McGregor Bob Ewen (MBA ’77) Natalie (MBA ’89) and Shari Graham Fell William W. Moriarty Wade Robert Felesky (MBA ’01) Geoff (MBA ’87) Townsend Sonia and Arthur Labatt Debbie and Donald (MBA ’83) Morrison FirstService Corporation Michael H. Wilson TMX Group Inc. Family Foundation Norman Fraser (MBA ’68) Gordon and Janet Nixon Irving and Gail Gerstein $250,000 – $499,999 OMERS The John (MBA ’77) and Deborah Harris Edward J. Kernaghan Ontario Teachers Pension Plan Board Family Foundation Procter & Gamble Inc. Sandra and Jim Pitblado Claudia Hepburn Andrew M. and Valerie Pringle Jarislowsky Foundation $100,000 – $249,999 Rotman International Centre for Donald K. Johnson Joseph Canavan Pension Management Julie Khanna Certified Management Accountants Peter and Judy Russel KWA Partners of Ontario (CMA Ontario) Andrew G. Scace The John Dobson Foundation David L. Torrey Samuel Duboc Alan White (PhD ’87) Charles and Rita Field-Marsham William P. Wilder NEW Margaret and Jim Fleck Chuck and Libby Winograd THINKING Scott Griffin Women in Capital Markets Mary B. (MBA ’85) and Graham Hallward Anonymous (1) FUTURE Tim Hodgson and Linda Netten THINKERS Leacross Foundation Patrick B. Meneley The Peter and Melanie Munk Charitable Foundation Richard Nesbitt (MBA ’85) Jim Pattison Estate of Joyce Leah Robertson MORE Larry and Cookie Rossy Family Foundation THINKERS Reza Satchu Francis N. Shen Kevin M. Sullivan John H. Watson (MBA ’67) The W. Garfield Weston Foundation Red and Brenda Wilson Anonymous (3)

† An additional $50 million was received from the Government of Ontario and $10 million from other government funding. DO NORS 10 ANNUAL DONOR HONOUR ROLL 2009 –10

The following donors have generously supported the Rotman School with cash gifts or pledge payments of $250 or more between May 1, 2009, and April 30, 2010.

$2,000,000 or more $25,000 – $49,999 $5,000 – $9,999 $2,500 – $4,999 Marcel Desautels BMO Financial Group Ajay Agrawal* Fariba Anderson (MBA ’04)* Sandra and Joseph (MCom ’60) Rotman* The John (MBA ’77) and Deborah Harris Daniel Almenara (MBA ’92)* Steve Arenburg* Family Foundation W. Geoffrey Beattie Kelly Battle (MBA ’97)* $1,000,000 – $1,999,999 Claudia Hepburn John (MBA ’81) and Mary Cassaday Joel A. Baum (MBA ’85, PhD ’89)* Lee and Margaret Lau Julie Khanna The CSL Group Incorporated Jill Black (MBA ’80)* Margaret and Wallace McCain Joseph Cundari Fares Boulos (MBA ’79)* $500,000 – $999,999 Debbie and Donald Morrison Family W. Downe (MBA ’78)* Burgundy Asset Management Ltd. Corus Entertainment Inc. Foundation Richard and Rana Florida* Charles Chung (MBA ’78)* Michael Lee-Chin* Gordon and Janet Nixon A. Mark Foote (MBA ’91) Timothy D. Dattels Martin Ossip Family at the Jewish Chrystia Freeland The Endla & John Gilmour Foundation* $250,000 – $499,999 Foundation of Greater Toronto Irving and Gail Gerstein Norman Fraser (MBA ’68)* Sonia and Arthur Labatt John H. Watson (MBA ’67)* Doug Guzman Donald A. Guloien (BCom ’80) William P. Wilder Richard F. Haskayne John Hull* $100,000 – $249,999 Ann M. Hatch* Berkeley (MBA ’02) and Samuel Duboc $10,000 – $24,999 Daisy Chiu-Fung Ho (MBA ’90) Maxine Hynes (MBA ’07) Charles and Rita Field-Marsham BMO Financial Group George and Leanne Lewis Eric Kirzner (MBA ’70)* Scott Griffin Canadian Securities Institute Research Michael and Janet Norris Michelle C. Lalonde (MBA ’01) Mary B. (MBA ’85) and Graham Hallward* Foundation Erik Parnoja (MBA ’95)* Tom McCurdy* Tim Hodgson and Linda A. Netten Purdy Crawford Peter Pauly* Peter L. Mitchelson Leacross Foundation Cullen Family David Powell* Anita and Chandran (DBA ’77, MBA ’79) Patrick B. Meneley Stephen K. Curry (MBA ’95) Gerry Rocchi (MBA ’81)* Ratnaswami* RBC Foundation* Michael B.C. Davies Kamal Sharma Bruce Rothney Reza Satchu Kevin Dougherty (MBA ’98) A. Michael Spence Kevin Stolarick* Scotiabank Group Bryce W. and Nicki Douglas Doug Steiner Thomas Tutsch* TMX Group Inc. Bob Ewen (MBA ’77)* Margaret (MBA ’76) and Michael H. Wilson FirstService Corporation* Andrew Stephens* Ruth G. Woods (MBA ’84)* $50,000 – $99,999 Healthcare of Ontario Pension Plan Jia Lin Xie* Certified Management Accountants (HOOPP) Voorheis & Co. LLP Laval Yau (MBA ’86) of Ontario (CMA Ontario)* William E. Hewitt (MBA ’67) Glen Whyte (DBA ’80, MBA ’81)* Anonymous (1) The John Dobson Foundation Raja Khanna Anonymous (1) Jim Fisher* Marjorie and Don Lenz Margaret and Jim Fleck Roger Martin* The Peter and Melanie Munk Charitable Rael Merson (MBA ’85) Foundation OMERS The W. Garfield Weston Foundation Ontario Teachers Pension Plan Board Mauro Pambianchi (MBA ’81) Estate of Joyce Leah Robertson David Samuel Skoll Foundation Bequests George Stalk Belinda Stronach George and M. Catherine Hayhurst Alan White (PhD ’87)* Peter Maik Mark D. Wiseman (MBA ’96) Paul Richards and Margorie Garson and Marcia T. Moffat (MBA ’96) Women in Capital Markets* Diane Lynn Silverman Anonymous (1) Lillian Veri Anonymous (6)

* 3-year consecutive donor to the Rotman School

11 ANNUAL DONOR HONOUR ROLL 2009 –10 continued

$1,000 – $2,499 John Hovland (MBA ’00) Joyce Rankin (MBA ’05)* $500 – $999 AGF Management Limited Brian Howe (MBA ’93)* Gail Regan (MBA ’78)* Efrain Armijos (MBA ’02) Khozema M. Alyamani (MBA ’96) Jonathan Hunter and Nita Major Marc Reppin (MBA ’04)* Glenn Masao Asano (MBA ’94)* Sidney E. Amster (MBA ’82)* IBM Canada Limited Paul Richards (MBA ’62)* Neil Aubuchon (MBA ’98)* Ann Armstrong (MBA ’82, PhD ’93)* Wing Joe (MBA ’76)* Jennifer Riel (MBA ’06)* Dushan Batrovic (MBA ’03) Hilary Austen and Jack May F. Ross Johnson (MBA ’56)* Andrea Rudnick (MBA ’96)* Arzhang Beheshti (MBA ’04)* James Richard Beattie (MBA ’98) Linda Jussaume (MBA ’06)* Eshrat Sayani and Peter Dungan* Saju Bhaskaran (MBA ’06) David and Debby Beatty Peter Kadas Michael Schneider J. Richard Bird (MBA ’71, PhD ’75)* James (MBA ’62) and Sandra Beingessner Michael Kaitila Michael E. Schneider (MBA ’07) Francesca Victoria Birks (MBA ’03) William J. Biggar (MBA ’75)* Sarah Kaplan Thomas C. Sears (DBA ’85, MBA ’88)* Ralph Boardman (MBA ’85) Richard Blickstead (MBA ’76) Ramesh Kapoor Amir Shalaby (MBA ’78)* Ron Borkovsky Laurence Booth* Santosh and Darshan Khurana Jeffrey C. Shin (MBA ’82)* Ron Bourdeau (MBA ’89)* Harvey Botting (MBA ’85)* John R. Knebel (MBA ’73)* Lawrence Shum (MBA ’86)* Francesco Bova Leonard J. Brooks (MBA ’67)* Merle Kriss (MBA ’77)* Dilip Soman* Robert J. Brema (MBA ’70) Ester Bucci (MBA ’01) J. Spencer Lanthier Paul Joseph Sorbara (MBA ’05) Angela M. Cadena (MBA ’92) David A. Caldwell (MBA ’85) Gary Latham Suzanne J. Spragge* Paul M. Casey* Melanie Carr* Michael E. LeBlanc (MBA ’91)* Daniel F. Sullivan (MBA ’71)* Garry Yiu Chu Chan (MBA ’03)* Tiziana Casciaro Sarah Legault Natalie (MBA ’89) and Geoff (MBA ’87) Matthew H. T. Chan (MBA ’02)* Eric Y. W. (MBA ’77) and Gerald Legrove (MBA ’85)* Townsend* Tony Chi Wai Cheung (MBA ’06) Linda Y. H. Chan Elizabeth J. Lesslie (DBA ’69, MBA ’70) Robert Tyson (MBA ’65) Amelia L. Chik (MBA ’75) Flora Chen (MBA ’01) and Sam Lim (MBA ’93)* Heather and Jeff Ullman* David J. Chin (DBA ’78) Sheldon Hing San Sze-To (MBA ’02)* Laura Lindsay (MBA ’83) Anil Verma* Karen Christensen* Dennis (MBA ’95) and Janice Choa* Rob Lowry (MBA ’88) Charles Vincent (DBA ’79, MBA ’83) Ruth C. F. Chung (DBA ’71, MBA ’73)* David Andrew Chorney (MBA ’02) Huy Lu (MBA ’02) Scott Roger Wambolt (MBA ’03)* Gary J. Conway (MBA ’93) Marlys Christianson Anne E. MacDonald (MBA ’01) Jeffrey A. Wayne (MBA ’90) Michelle Marie Coulombe (MBA ’01) Doug Collier (MBA ’89) Kerrie MacPherson (MBA ’91) Thomas A. Wilson* Jeffrey David Cowan (MBA ’97) Petra K. M. Cooper (MBA ’95) James P. Mahoney (MBA ’88)* Gordon and Golnar Winston Daniel Cushing (MBA ’97)* Lisa Craig (MBA ’93) Kevin Lem Mak (MFin ’10) Moon Hung Franco Wong* Jillian E. Darroch Chown (MBA ’06) Lynn Damp (MBA ’82) Sam Marinucci (MBA ’77) Mary-Ellen Yeomans* Beatrix Dart* Franklin L. Davis (MBA ’85) Marsh & McLennan Companies Amy Young (MBA ’08)* John V. David Enzo De Luca (DBA ’70, MBA ’71)* Brad Marsland (MBA ’83) Anonymous (5) James W. Davidson (MBA ’95) Craig Andrew C. Doidge Joe Martin* Donald R. Dawson (MCom ’51) Lee Anne Downey (MBA ’05) Tom K. McCormick (MBA ’84)* David L. Dunne (PhD ’96)* Anita McGahan Ernst & Young Matching Gifts Program Ken McGuffin* for Higher Education Barry (MBA ’87) and Rose McInerney Wade Robert Felesky (MBA ’01) Craig McKenney (MBA ’07) Richard I. Findlay (MBA ’86) Michael N. Melanson (MBA ’87)* Ronald P. Fournier (MBA ’62) Merrill Lynch & Co Inc. Cristian Gheorghe (MBA ’04) Bill Mohri (MBA ’93) Realized Bequests Jamie Gold (MBA ’05)* Sam Mokbel (MBA ’02)* Brian Golden* Tyler G. Moniz (MBA ’77)* The Estate of Patricia C. Ellison Goodview Investments Co. Ltd. Angela Moy (MBA ’96)* The Estate of Joyce L. Robertson Eleanor Gow (MBA ’77)* Esther Mui (MBA ’75)* The Estate of Mary Verna Simmonds Jeff Jianfeng Guo (MBA ’09) Walid Muslih (MBA ’06) Peter Guo (MBA ’95) and Brenda Tan Jeff Muzzerall* The Estate of Frances H. Twaits Lalita Gupte Jay Nicholson (MBA ’02)* The Estate of William O. Twaits Michael A. Hale (MBA ’82) John D. Ogden (MBA ’62)* Anonymous (2) Paul J. N. Halpern* Joanne Oxley Aran D. Hamilton (MBA ’99)* Chris Pandoff (MBA ’05) Frederick Heath (MBA ’76, PhD ’86)* Donald W. Parkinson (MBA ’62)* Russell J. Hiscock (MBA ’77) Paul (MBA ’51) and Patricia Phoenix*

* 3-year consecutive donor to the Rotman School

12 Leelah E. Dawson (MBA ’91)* Dan Mader (MBA ’04) Thomas Tak-hung Ting (MBA ’07) Matthew Robert Chapman (MBA ’00)* Yves Denomme (MBA ’08) and Marwan Mazaraani (MBA ’07) Lisha Van Leeuwen (MBA ’90) Connie Mingming Chen (MMPA ’05) Catherine Wood (MBA ’08) Bill McEvily Michael Vanderkaden (MBA ’01)* Stella Hong Chen (MBA ’06)* Shaun Desai (MBA ’06) John S. McFarlane (MBA ’75) J. Clyde Wagner (MBA ’07) David K. Cheung (MBA ’02) Gaurav Dhiman (MBA ’09) Darren P. M. McLennan (MBA ’98) Keith and Vicki Wakefield Jeffery Coles (MBA ’06)* David Diestel (MBA ’02)* Michele P. Milan Norris W. Walker (MCom ’58)* Meg Connell (MBA ’91) Nicholas (MBA ’75) and Susan Dietrich* Maria Milanetti (MBA ’89) Larry and Marla Wasser Gonzalo Contreras (MBA ’04) David Donnan (MBA ’82) Joseph Milner Jason Wei Vito Giuseppe Cramarossa (MBA ’96) Bohdan Dubniak (DBA ’71) Jim and Sheila Milway Brian J. White (MBA ’85) Alberto Cuevas (MBA ’06) Arthur C. Eng (MBA ’04) Matthew Mitchell and April Franco Christopher W. Wiegand (MBA ’93)* Anita Yolande Davis (MBA ’00) Ambrose Fan (MBA ’92) Mihnea Moldoveanu* May Chiang Yen Wong (MBA ’00) Gus De Franco* Barbara J. Fenn (MBA ’89) Sridhar Moorthy* Nigel Hugh Michael Worrell (MBA ’92) Michael Don Demeter (MBA ’01)* Michelle Fiebig (MBA ’99) Movin Moukbel (MBA ’98) Tim Pon-Tien Yin (MBA ’09) Simren Desai (MBA ’05)* Warren W. H. Finlay (MBA ’92)* Esteban Munoz Hakspiel (MBA ’07) Aleksandar Zakonovic Richard Dice (MBA ’04) David A. Fleming (MBA ’67) David (MBA ’04) and Anonymous (7) A. (MBA ’76) and J. Dobranowski Ian Fraser (MCom ’57) Mariana (MBA ’04) Nava* Jane Donaldson (MBA ’99)* Richard Garchitorena (MBA ’04) John D. Near (MBA ’76)* $250 – $499 Linfu Jeff Dong (MBA ’01) Ross A. Gascho (MBA ’88) Kim Neutens* Accenture Inc.* Mark S. Downing (MBA ’98) Rachel Gillespie (MBA ’07) and Robert Man-Chiu Ng (MBA ’93)* Karim Nawaz Alidina (MBA ’07) Judith and Peter Drake Sean Martin (MBA ’02)* John T. Ostrander (MBA ’99) Joanne Andres Steven Christopher Duke (MBA ’04) Avi Goldfarb* Patrick Joseph Tulang Pagtakhan (MBA ’07) David E. Andrews (MBA ’99)* Roger A. Dukhan (MBA ’82) Bill Goulios (MBA ’93) Victor J. Paul (MBA ’85) Andrighetti Professional Corporation Malcolm Eade (MBA ’96) Alison E. Ground Anton Pfisztner (MBA ’02) Edward Anthony (MBA ’08) John C. Eaton Roberta L. Hague (MBA ’99) Artem Pirogov (MBA ’06) David Ashworth (MCom ’60) Michael and Carol Ferheimer Gabriel Hernandez (MBA ’06) David A. Pleasance (MBA ’91) Daisy Azer (MBA ’96)* Patrick Ferrier (MBA ’05)* Christopher Charles Hind (MBA ’94) Garnet O. Powell (MBA ’06) Mary L. Baetz (MBA ’78) and Vitor Fonseca (MBA ’87) Yale Marshall Holder (MBA ’06)* Pratt & Whitney Canada Robin Wilson (MBA ’79) Trevor Forbes (MFin ’09) James A. Hughes (MBA ’77)* Sabaa Quao (MBA ’03) Tony Bai (MBA ’06) Bonnie A. Freedman (MBA ’02) Gurpreet Hundal (MBA ’93)* Preety Ranchod (MBA ’06) James C. Baillie Catherine J. Fry (DBA ’78) Valentin William Illie (MBA ’06) Gina Rizhanovsky (MBA ’06) Greg Barber* Angela Fung (MBA ’87) Takuya Ishikawa (MBA ’91) R. Douglas B. Robertson (MBA ’85)* Domenic Belmonte (MBA ’00) Rattandeep S. Gandhi David A. Jarvis (MBA ’03)* Wendy D. Rotenberg (MBA ’83, PhD ’87)* Oded Berman* John A. Gartner (MBA ’90) Mark G. Johnson (MBA ’88)* Hilary Harmon Ryall and Michael Ryall Whitney Berta (PhD ’00) David L. George (MBA ’85) Charles Johnston (MBA ’70) AnneMarie Ryan (MBA ’78) V. K. Bhalla Rummy Gill* Raymond Kan* Gary Ryan (MBA ’01)* Peter Bistolarides (MBA ’91) Raymond J. Goldie (DBA ’79) Edward J. Kernaghan A. Edward Safarian* Miguel Blanco (MBA ’08) Zak Goldman (MBA ’09) Ronald F. B. Knowles (MBA ’64) Leslie Joy Salmons (MBA ’03)* Peter-Paul J. Bloemen (MBA ’91) Rob Gosse (MBA ’98)* Anthony Koon Hung Ko (MBA ’91)* Deanne Saunders* Richard J. Bottomley (MBA ’88) Thomas E. Gray (MBA ’75)* Harvey Kolodny* Adam Paul Schatzker (MBA ’01) Sheila Boyce (MBA ’96) Tony Gray (MBA ’00) Manfred Koo (MBA ’02) and D. Malcolm Seath (MBA ’65) Sima Bracken (MBA ’80) Jonathan Greer (MBA ’04) Sarah Downey John V. Selby (MBA ’63) Heather Broughton (MBA ’92) Mansoor A. Haidary (MBA ’80) Asher Lai (MBA ’05)* Janet Shih (MBA ’04) John F. Bulloch (MBA ’64) Franklin L. Hall (MBA ’80)* Steven M. Lane (MBA ’04) Harry (MBA ’56) and Joy Shore* Hank Bulmash (MBA ’74) Rosemary Hannam (MBA ’03)* Susanne Laperle (MBA ’96) David Allan Soberman (PhD ’96) Kevin M. E. Burkett (MBA ’68) Larry Harrison* Robert J. Leblanc (MBA ’92) Michael E. Sproule (MBA ’71) Iain R. Burnett (MBA ’03)* Richard J. Harvey (MBA ’88) Victor Li (MFin ’09) Ira M. Stambler (MBA ’91)* Charlene Gwen Butler (MBA ’95)* Shakila Hashmi (MBA ’08) Paul Yiming Li (MBA ’05)* Christopher Patrick Stamper (MBA ’94) Brendan Calder* Gurpreet Singh Hayer (MBA ’09) Yue Li Brigitta Steden (MBA ’09) John Carinci (MBA ’08) William R. Hellings (MBA ’70)* Wei-Yi Liao Brian Tanner* Jessica B. Carswell (MBA ’85) Tim Hendrickson (MBA ’98) Andrew G. Lim (MBA ’04)* Giuseppe Tassone (MBA ’02) Lisa Cernivivo Lise Hernandez Girouard and Hai Lu* Margot E. Thom David J. Chalmers (DBA ’72) Bradley Smith (MBA ’04)* Catherine Y. MacKinnon (MBA ’86) Jack R. Thompson* Aloysius C. K. Chan (MBA ’82) John R. Hicks (MCom ’60)* Jennifer Hildebrandt*

13 ANNUAL DONOR HONOUR ROLL 2009 –10 continued

$250 – $499 continued Rod Lohin* Lynda Paterson* Peter A. Sprukulis (MBA ’85) Angela Holtham (MBA ’82) Joseph (MBA ’86) and Lina Loparco Carlos Paz-Soldan (MBA ’84)* Sarah Stern (MBA ’08) Ioannis Hortogiannos (MBA ’94) Robert E. Lord Edward Pearl (MCom ’47)* David Stewart (MBA ’04) Peter W. Hsu (DBA ’71, MBA ’72) Ronald A. Lovelock (MBA ’96) Karen Charlene Peart (MBA ’04) Pamela Strachan* Andrew S. Hukowich (MBA ’87)* Gerry Mabin Jing Peng (MMPA ’06) H. George Strohyj (MBA ’73) Tom Hyde (MBA ’05) and Karen M. MacKay (MBA ’98) Michelle Perrotta* Howard Gary Sutton (MBA ’93) Stacey (Sequeira) Hyde (MBA ’05)* Michael and Catherine Madden Melanie Perry Cooper (MBA ’07) Laurel Sutton (MBA ’06)* Hydro One Gilles Madore (MBA ’87)* Daniel Mark Phillips (MBA ’05) Andrew Szabo (MBA ’09) Hydro One Employees’ and Aditya Mardia (MBA ’09) Tracey A. Phillips (MBA ’08) Joseph Y. Tam (MBA ’90) Pensioners’ Charity Trust John M. Maxted (MBA ’95)* Nigela Purboo Doug Tanner (MBA ’09) Incze Professional Corporation McGraw-Hill Ryerson Ltd. David Pyper (MBA ’89) Liana Thibodeau (MBA ’98) Gagandeep Singh Issar (MBA ’08) Gilbert G. McIntee (MBA ’72)* Subramanian Ramanathan (MBA ’07) Justin Robert Thoman (DIFA ’06) Ivanhoe Cambridge Krista Beth McLeod (MBA ’01) Tejen Ray (MBA ’05) Conrad Kenneth Tien (MBA ’08) Lynn Jolliffe (MBA ’79) Ross McMullen (MCom ’59) William J. Raymond (MCom ’51) Daniel Trefler* William M. Jones (MBA ’68) Peter R. McMullin (MBA ’67) Stephen James Redden (MBA ’00)* Thomas Tsiopoulos (MBA ’91)* Hanif Joshaghani (MBA ’08) John McSween Jr. Mark Reeve (MBA ’86)* Timothy E. Tutsch (MBA ’09) Santosh Damodar Kamat (MBA ’99)* David A. McWilliams (MBA ’91) Robert J. P. Reid (MBA ’78) Amanda Man-Yee Ung (MBA ’09) Amanda Karahanas (MBA ’07) Shalini Menon (MBA ’03) John A. Rhind (MCom ’53)* Michael Kenneth Uster (MBA ’01) Solly Karkoukly (MBA ’70) Jeremy Mersereau (MBA ’07) Gordon D. Richardson* Michael Valihora Farzaan Kassam (MBA ’07) Dorothy Milburn-Smith (MBA ’78)* Michael Stanford Rose (MBA ’03) Louise A. Walker (MBA ’97) Stephen H. Kauffman Alexander Harold Miller (MBA ’03)* Sara and Jared (MBA ’05) Ross* Yinan Wang (MBA ’00) Gene Kayal (MBA ’98) Cheryl Millington* Maria Rotundo* Lal Wanniappa (MBA ’05)* John H. Kearns (MBA ’76)* Kathryn B. Mills Maher Roz (MBA ’06) Mark Weber* Alex Kenjeev (MBA ’08) Scott Mitchell (MBA ’09) Sean Samieian (MBA ’07) Walter Wells (MBA ’62) Mozaffar Nayim Khan (PhD ’05) Jennifer Molluso (MBA ’05)* Ramesh Sangameswar (MBA ’05) Peter Willborn (MBA ’98) Jason Kim (MBA ’03) Richard J. Moore (MBA ’68) Nana B. Sangmuah (MBA ’04) Peter Williams (MCom ’59) Kenneth R. Knights (MBA ’58) Ali Mozaffari (MBA ’05)* Lisa Sansom (MBA ’01) Joshua Wong Vincent Y. Y. Ko (MBA ’83) Mary H. Mullens (MBA ’02)* Manfred Schneider* Norris D. Woodruff (MBA ’82) Valentin Kobylianskii (MBA ’06) Gerry Murphy (MBA ’90) Jed S. Schneiderman (MBA ’97) Albert Wu (MBA ’84)* Michael Kogan (MMPA ’05) Imran J. Naushahi (MBA ’96) Ian D. Scott (MBA ’86) Patrick Wu (MBA ’07) Lisa Kramer* Jennifer Mary Neill-Smith R. Gary Seagrave (MCom ’59)* Ursula B. Wydymus (MBA ’94)* Karin Kwan (MBA ’93)* Samuel Suiming Ng (DBA ’83, MBA ’84) Jim Seidewand (MBA ’74)* Baohua Xin* Dennis Kwong (MBA ’98) Lan Phuong Nguyen (MBA ’98) Vincenza Sera (MBA ’82)* Takashi Yamashita (MBA ’04) Denny Kwong (MFin ’09) Van-Khanh Nguyen (MBA ’04) Kim Shannon (MBA ’93) and Ho Sung Eric Yan (MBA ’03) Bruce A. La Rochelle (MBA ’81) Gregory Nielsen (MBA ’05) Daniel Shimmerman (MBA ’96)* George Yi Yao (MBA ’09) Kerry L. Lawson (MBA ’91) Alexander Ochrym (MBA ’03) Norman (MBA ’92) and Chai Him Yee (MBA ’74)* Virginia L. F. Lee (MBA ’80) John Oesch* Janet (MBA ’04) Shiner* Wilson T. Young (MBA ’85) Bret Leech (MBA ’03) Janet Ogilvie (MBA ’09) Frank and Peggy (MBA ’87) Simons Michael K. Zerbs (MBA ’89) Geoffrey Leonardelli* William J. Palmer (MBA ’87) Wally J. Smieliauskas* Annie Zhao (MBA ’09) Charles Lesaux (MBA ’05) Frederick Pamenter (MCom ’59) Richard Jean Smith (MBA ’01)* Stanley Yi Zheng (MBA ’08) Karen Lev (MBA ’00)* Nicolas Papadolias (MBA ’68) Sean Sofin (MBA ’02) Anonymous (14) Alexander Eduard Limion (MBA ’01) Cheryl Paradowski (MBA ’02)* Peter V. Solala (MBA ’02)

* 3-year consecutive donor to the Rotman School

Thanks to the generous support of Mary B. (MBA ’85) and Graham Hallward that was used to create a matching gift challenge, nearly 300 new and returning donors have been recognized at their matched level of giving.

This list has been checked for accuracy, but errors may have occurred. If you have not been appropriately recognized, please let us know and we will correct the oversight in future publications.

For a complete list of donors, visit rotman.utoronto.ca/supportrotman/donors.asp

14 ROTMAN BOARDS

Dean’s Advisory Chrystia Freeland The Campaign Donald Guloien (BCom ’80) Garry Chan (MBA ’03) Board Global Editor at Large, Cabinet President and Managing Partner, Members of the Dean‘s Thomson Reuters The Rotman School has Chief Executive Officer, Procase Consulting Inc. Advisory Board possess diverse amassed a veritable who‘s who Manulife Financial Corporation backgrounds and stellar Lalita Gupte of senior Canadian business Wade Felesky (MBA ’01) experience. The board provides Chairperson, people to help spearhead Mary Hallward (MBA ’85) Managing Director, advice and an external perspective ICICI Venture Funds our $200-million campaign. President and Investment Banking, to Dean Roger Martin as Management Company Limited Chief Investment Officer, GMP Securities LP he guides the Rotman School. Brendan Calder Troon North Capital Daisy Ho (MBA ’90) Effective Executive in Residence Jane Gertner (MBA‘76) Hilary Austen Deputy Managing Director and Adjunct Professor of Melinda Rogers (MBA ’97) Principal, and CFO, Strategic Management, Senior Vice-President, Jane Gertner Associates Inc. W. Geoffrey Beattie Shun Tak Holdings Limited Rotman School of Management Strategy & Development, Deputy Chairman, Rogers Communication Inc. Merle Kriss (MBA ’77) Thomson Reuters Peter Kadas Kevin Dougherty (MBA ’98) President, Principal, President, Daniel Sullivan (MBA ’71) Kriss & Associates Limited David R. Beatty Bakala Crossroads Partners Sun Life Financial Canada and Consul General of Canada, Conway Director, Sun Life Global Investments Consulate General of Canada, Gerald Legrove (MBA ’85) Clarkson Centre for Business Gerry Mabin New York President and CEO, Ethics & Board Effectiveness, Founder, William Downe (MBA ’78) DGA Careers Rotman School of Management The Mabin School President and CEO, Gordon Winston BMO Financial Group Head of Structured Finance Fund, Joyce Rankin (MBA ’05) Fares Boulos (MBA ’79) David Samuel DRI Capital Manager, Mental Health Affiliated Professor of Partner, Lindsay Duffield (MBA ’85) and Identification Programs, Practice in Strategy, Birch Hill Equity Partners Partner in the Canadian Mark Wiseman (JD/MBA ’96) Street Health INSEAD Dealer Acquisition Fund, Executive Vice-President, A. Michael Spence BMW Canada Inc. Investments, Gerry Rocchi (MBA ’81) Petra Cooper (MBA ’95) Professor Emeritus, Canada Pension Plan Principal, Founder and President, Stanford University James Fleck Investment Board Green Power Action Fifth Town Artisan Cheese Chair, Business for the Arts, Company George Stalk Fleck Management Services The Rotman Vision Amir Shalaby (MBA ’78) Senior Vice-President Fund Board Vice-President, Tim Dattels and Director, Mitchell Goldhar The Vision Fund Board is a Power System Planning, Partner, The Boston Consulting Group President and CEO, group of alumni who solicit Ontario Power Authority TPG Capital, LP SmartCentres peer-to-peer gifts on behalf Doug Steiner of the Rotman School and Ruth Woods (MBA ’84) Consultant, educate others about the Chief Operating Officer, Versus Associates importance of annual giving. Osler, Hoskin & Harcourt LLP

Belinda Stronach Sidney Amster (MBA ’82) Executive Vice-Chairman, President, Magna International Inc. Phase II International

Fariba Anderson (MBA ’04)

Harvey Botting (MBA ’85)

15 CAMPAIGN FUNDRAISING PROGRESS

2009 –10 BREAKDOWN

Expendable* $5,317,515 Endowed* $1,157,100 Bequests $18,000 Government Matching Money $150,000 Total raised $6,642,615

* Includes pledges and cash gifts

GETTING TO $200 MILLION

The money raised will be allocated as follows:

$12 6.8 MILLION FACULTY RAISED RESEARCH

STUDENT SUPPORT

BUILDING

2010

16 ROTMAN AT A GLANCE

International Students Employed at 3 Months International Faculty After Graduation Rotman 35% Rotman 70% UCLA 33% Rotman 83% Columbia 63% NYU Stern 32% LBS 81% Stanford 36% Kellogg 31% Stern 80% Wharton 36% Darden 25% Columbia 77% Harvard 35% Wharton 75% Financial Times 2010 MBA Rankings Financial Times 2010 MBA Rankings Note: Rotman beat the average for the top 10 American Schools, which was 81%

Class of 2009 Top 10 Employers Annual Salaries BMO Kraft Canada Average starting salary $85,454 CIBC McKinsey & Company Median starting salary $76,000 Deloitte Scotiabank Salary range $45,000 – $200,000 IBM Sun Life RBC TD Financial Group These are base salaries as reported by students and do not include bonuses.

Design: Douglas Counter Unlimited Illustration: Anje Jage r / agencyrush.com Printing: Flash Reproductions Printed in Canada Paper: Cascades Enviro100 Print, 100% post-consumer-waste recycled fibre, Forest Stewardship Council-certified, Cert no. SW-COC-001721 processed chlorine free, manufactured using biogas energy 17 rotman.utoronto.ca

For information, contact: Play a part in our plans Ann Hatch to redesign business Executive Director, Development [email protected] education and practices, 416.946.7841 create a new generation Brian Tanner Associate Director, Annual Giving of thought leaders, and [email protected] build more sustainable 416.946.0439 models for prosperity. Rotman School of Management University of Toronto 105 St. George Street Toronto, Ontario, Canada M5S 3E6

Charitable Registration Number 10816 2330 RR0001

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