DOCSLIB.ORG

Hardly Strictly Business Ute S

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Hardly Strictly Business Ute S Fall 2010 Prof. Robert Helsley: Why Do Entrepreneurs Flock to Startup Meccas? University of California, Berkeley Nonprofit Organization Haas School of Business US Postage 545 Student Services #1900 PAID Berkeley, CA 94720–1900 Creel Printing The Magazine of the Haas School of Business at the University of California, Berkeley Hardly Strictly BusinessCal Alum Warren Hellman MBA Reunion 2011 Plays to His Own Tune in April 28—May 1, 2011 Investing, Philanthropy Class Celebrations · Professional Development · Family Activities Plus: Haas Marketing Maestros Join your class group Visit haas.berkeley.edu/reunion for information and registration details. on Facebook 1961 · 1966 · 1971 · 1976 · 1981 · 1986 · 1991 · 1996 · 2001 · 2006 · 2010 The Magazine of Fall 2010 Build on your success. CalBusiness the Haas School of Business at the University of Become a better leader. California, Berkeley Senior Editor Come back to Haas. Features Richard Kurovsky On the Cover: Contents Editor Hardly Strictly Business Ute S. Frey 8 Warren Hellman, BA 55, has been named Managing Editor the recipient of the Haas School’s 2010 Ronna Kelly, BS 92 Lifetime Achievement Award to recognize his success in the world of finance and many Staff Writers The UC Berkeley Center for Executive Education philanthropic contributions, including San Valerie Gilbert Francisco’s Hardly Strictly Bluegrass Festival. Pamela Tom delivers open executive education programs and Contributing Writers Leading Through Innovation custom solutions to businesses around the globe Lucy Birmingham, Laura Counts, 11 IDEO General Manager Tom Kelley, MBA 83, Judy Jacobs, Cyril Manning, Diana through the Haas School of Business. We draw on the has been awarded the school’s Leading Marszalek, Bill Snyder, Stacie Stukin Through Innovation Award. resources, talent, and perspectives of faculty from Design Marketing Maestros Cuttriss & Hambleton, Berkeley across UC Berkeley. We collaborate with executives to 12 Haas leads the way in teaching marketing Thomas Porostocky achieve strategic objectives and build organizational strategy in a data-heavy world. Printer Your Haas Network Creel Printing strengths. Profiles of Six Haas School Alumni Photography 16 Christina Ahmadjian, PhD 95, Jim Block, Gabriela Hasbun, Robert Houser, Todd Plitt, David Schmitz, Hitotsubashi University Jeremy Sutton-Hibbert Joe Duran, BCEMBA 04, Pricing for Profitability Nov 15-18 United Capital Financial Partners CalBusiness is published by Negotiation and Influence Dec 6-8 Maggie Calonico, MBA 94, Shakedown the Haas School of Business, Redge Martin, MBA 77, University of California, Venture Capital Executive Program Dec 6-10 Clars Auction Gallery Berkeley. For further information, contact: Wendye Robbins, BS 83, BioExec Institute Dec 7-8 CalBusiness Editor Limerick BioPharma Haas School of Business Women in Leadership Retreat Mar 14-16 Steven Sterns, MBA 91, Cisco University of California Berkeley, CA 94720-1900 510-643-0259 8 [email protected] CalBusiness Fall 2010, Number 75 POSTMASTER: Send address Departments changes to CalBusiness, Haas School of Business, University of California, 545 Student Services 2 In Brief 20 The Campaign #1900, Berkeley, CA 94720-1900. Haas Welcomes New for Haas To update your address with Haas, Students with Program Q&A with Kathrine email [email protected]. Improvements and Frank Baxter, BS 61, Haas Hires Seven Jefferies and Co. Printed on FSC-certified recycled paper using soy-based inks. Assistant Professors Shanghai Conference to Highlight Innovation 6 Power of Ideas 22 Haas Worldwide Cert no. SCS-COC-001158 David Vogel Receives Events and Contacts Faculty Pioneer Award Rallying the Forces 24 Alumni Notes Alumni enjoy pricing advantages 35 In Memoriam Call to learn more 36 Personal View Polar Vision Phone: +1.877.UCB.EXEC (822.3932) By Alan Lock, MBA 11 http://executive.berkeley.edu/cbz 6Why Do Email: [email protected] Entrepreneurs Flock to Startup Meccas? students during their orientation. Haas Takes Second “Always try to be exceptional,” Letter from the Dean Narayen said. If you can connect In Energy Challenge all the dots, your aspirations are A Haas team won second place not high enough, he added. at the International Renewable Ten Business Trends Undergraduate Program Energy Case Challenge in Executive Director Erika Walker Macedonia in June for its prag- to Guide Haas and Dean Rich Lyons announced matic plan to ease the Eastern hat kind of leader will our world need several improvements to the European nation’s looming in the coming decades? News from the Haas School 364 new undergraduate busi- energy crisis. Christy Martell That’s a question we’ve been thinking a lot ness majors. To improve net- and Jeff Olson, both MBA 10, about lately as we revamp our school’s cur- and teammate Taj Walton, BS working opportunities and the riculum. Our goal, of course, is to provide students with the InBrief sense of community, the new 10 (Environmental Econ.), wrote a business Wright mix of knowledge and skills for our future. Society needs class was grouped into six social cohorts, which will compete for plan to make solar them to lead. prizes such as Giants baseball thermal systems The world today is different from the world of my parents. tickets. Academic changes for home water A big difference is unsustainability, a term that captures include a greater focus on expe- heating afford- as much opportunity as it does challenge. Health care riential learning. A tripling of able through an expenditure, energy use, the economics of aging—we are funds from the Dean's Office is innovative leasing on unsustainable paths in these and many other areas. To allowing the Undergraduate structure. Judges correct our course we will need path-bending leaders. Program to expand popular no- commented that the We recently identified the following ten business trends that our curriculum must address to Haas proposal was the only one credit workshops such as those ensure that we are developing a leader capable of bending these paths. offered by Training the Street, a ready to go. The trio beat U.S. Wall Street consulting firm. CB rivals in March to win $3,000 and the trip to Macedonia, but The trend is toward: a Toronto team prevailed in 1. Testing new business ideas with 6. Transparency in decision-making, Alum Takes Helm the final round with a plan for a cost‐-effective experimentationversus while maintaining flexibility over large-scale power plant. CB Of Lester Center traditional planning. time in organizational structure and Haas alumnus and technology 2. Solving business problems with more decision rights. entrepreneur André Marquis, discipline “upstream” at the problem- 7. More disciplined approaches to business MBA 96, became the new Beckman Wins finding and problem-framing stages. risk selection. executive director of the Lester Symposium Award Center for Entrepreneurship and Senior lecturer Sara 3. Flatter organizations and distributed 8. More fluid boundaries of the organization Innovation in August. Marquis Beckman, along with authority, with less reliance on command and greater weight on stakeholders with graduated from Berkeley-Haas in colleagues from three and control, particularly given demo- conflicting interests. 1996 after other universities, graphics shifting toward millennials. 9. Organizing work in highly interdependent won an Academy of co-founding 4. Greater disruption of revenue models as teams. Cybergold, Management award for a new entrants get paid differently from an Internet symposium on teaching 10. New ideas and their implementation advertising design thinking. The incumbents. as the engine of economic value. company group was selected to 5. New methods for recognizing business that later receive the academy’s opportunities and how to approach them. went public Senior Best Symposium in and was Lecturer Management Education I’d love to hear from you, our alumni in the field, on how these trends are affecting Matt Livingston, Won Kim, acquired by Sara Beckman and Development your work, or whether you think I have left a key trend off of this list. Pei-fu Hsieh, and Hind Chemsi Haas Welcomes New Students New Lester Center MyPoints. Award from a field of If you have ideas that you would like to share, please email me at [email protected]. (l. to r.), all MBA 12, par- Executive Director 24 entrants. To be considered, With Program Improvements André Marquis, He then I look forward to hearing your insights on how the future of business should drive how we ticipate in a data synthesis founded and the group submitted a paper MBA 96 develop our students into path-bending leaders. exercise in the new Problem The Haas School kicked off the Solving, taught by Senior served in outlining its symposium, which Finding, Problem Solving new academic year this fall with Lecturer Sara Beckman. executive positions for several focused on how to integrate course that was created the debut of its leadership curric- The course, a prerequisite technology ventures. While design thinking into business Sincerely yours, as part of the school’s new ulum for MBA students and key for newly required experiential at Haas, Marquis was one of school curricula. CB Berkeley Innovative Leader improvements to its top-ranked learning classes, gives students the founders of Incubator, Inc, Follow Dean Rich Lyons on Twitter at Development (BILD) initiative. undergraduate program. an appreciation for how to find the precursor of the current From listening to Twitter and define problems, as well as Berkeley Entrepreneurship twitter.com/richlyons. Co-founder Biz Stone to IDEO the tools, techniques, and pro- Laboratory. Marquis succeeds Rich Lyons General Manager Tom Kelley, cesses for approaching “wicked David Charron, who served as MBA 83, Berkeley MBA stu- problems,” which defy an easy interim executive director of Write to dents attended an activities- solution, such as managing the Lester Center after Jerry CalBusiness packed orientation that also climate change and alleviating Engel stepped down in 2009 Share your views about introduced them to the school’s global poverty.
Load more

Recommended publications
  • Inside Intel
    Inside Intel http://www.businessweek.com/magazine/content/06_02/b3966001.htm Search all of BusinessWeek.com: enter a keyword or company Register Sign In JANUARY 9, 2006 COVER STORY Get Four TODAY'S MOST Free Issues POPULAR STORIES Subscribe to BW 1. Amazon, the Company That Ate Customer Service Paul Otellini's plan will send the chipmaker into uncharted territory. And founder Andy Grove STORY TOOLS the World applauds the shift Printer-Friendly Version 2. Ten Things Only Bad Full Table of Contents Managers Say Cover Story E-Mail This Story Up Front Even the gentle clinking of silverware stopped Reader Comments 3. Nine Ways Readers Report dead. Andrew S. Grove, the revered former Employers Screw Up Corrections & Clarifications Hiring Technology & You Intel Corp. (INTC ) chief executive and now a senior adviser, had stepped up to the 4. Cable’s ESPN Voices of Innovation Dilemma: Wildly Media Centric microphone in a hotel ballroom down the street COVER RELATED ITEMS Popular—but Costly Business Outlook STORY from Intel's Santa Clara (Calif.) headquarters, The Business Week 5. What to Expect at PODCAST preparing to respond to a startling presentation Cover Image: Intel Inside Out Washington Outlook Apple's iPhone 5 by new Chief Marketing Officer Eric B. Kim. All Graphic: Remaking Intel From Event too familiar with Grove's legendary wrath, many of the 300 Top To Bottom top managers at the Oct. 20 gathering tensed in their seats Asian Business Graphic: Intel's Big Bang European Business as they waited for a tongue-lashing of epic proportions. "No Get Free RSS Feed >> Global Outlook one knew what to think," recalls one attendee.
    [Show full text]
  • OUTPUT-WSIB Voting Report
    2006 Proxy Voting Report 3M Company Ticker Security ID: Meeting Date Meeting Status MMM CUSIP9 88579Y101 05/09/2006 Voted Issue Mgmt For/Agnst No.Description Proponent Rec Vote Cast Mgmt 1.1Elect Linda Alvarado Mgmt For For For 1.2Elect Edward Liddy Mgmt For For For 1.3Elect Robert Morrison Mgmt For For For 1.4Elect Aulana Peters Mgmt For For For 2Ratification of Auditor Mgmt For For For Amendment to Certificate of Incorporation to Declassify the 3Board Mgmt For For For STOCKHOLDER PROPOSAL REGARDING EXECUTIVE 4COMPENSATION ShrHoldr Against Against For STOCKHOLDER PROPOSAL REGARDING 3M S ANIMAL 5WELFARE POLICY ShrHoldr Against Against For STOCKHOLDER PROPOSAL REGARDING 3M S BUSINESS 6OPERATIONS IN CHINA ShrHoldr Against Against For Abbott Laboratories Inc Ticker Security ID: Meeting Date Meeting Status ABT CUSIP9 002824100 04/28/2006 Voted Issue Mgmt For/Agnst No.Description Proponent Rec Vote Cast Mgmt 1.1Elect Roxanne Austin Mgmt For For For 1.2Elect William Daley Mgmt For For For 1.3Elect W. Farrell Mgmt For For For 1.4Elect H. Laurance Fuller Mgmt For For For 1.5Elect Richard Gonzalez Mgmt For For For 1.6Elect Jack Greenberg Mgmt For For For 1.7Elect David Owen Mgmt For For For 1.8Elect Boone Powell, Jr. Mgmt For For For 1.9Elect W. Ann Reynolds Mgmt For For For 1.10Elect Roy Roberts Mgmt For For For 1.11Elect William Smithburg Mgmt For For For 1.12Elect John Walter Mgmt For For For 1.13Elect Miles White Mgmt For For For RATIFICATION OF DELOITTE & 2TOUCHE LLP AS AUDITORS. Mgmt For For For SHAREHOLDER PROPOSAL - PAY-FOR-SUPERIOR- 3PERFORMANCE ShrHoldr Against Against For Page 1 of 139 2006 Proxy Voting Report SHAREHOLDER PROPOSAL - 4POLITICAL CONTRIBUTIONS ShrHoldr Against Against For SHAREHOLDER PROPOSAL - 5THE ROLES OF CHAIR AND CEO .
    [Show full text]
  • Annual Report
    COUNCIL ON FOREIGN RELATIONS ANNUAL REPORT July 1,1996-June 30,1997 Main Office Washington Office The Harold Pratt House 1779 Massachusetts Avenue, N.W. 58 East 68th Street, New York, NY 10021 Washington, DC 20036 Tel. (212) 434-9400; Fax (212) 861-1789 Tel. (202) 518-3400; Fax (202) 986-2984 Website www. foreignrela tions. org e-mail publicaffairs@email. cfr. org OFFICERS AND DIRECTORS, 1997-98 Officers Directors Charlayne Hunter-Gault Peter G. Peterson Term Expiring 1998 Frank Savage* Chairman of the Board Peggy Dulany Laura D'Andrea Tyson Maurice R. Greenberg Robert F Erburu Leslie H. Gelb Vice Chairman Karen Elliott House ex officio Leslie H. Gelb Joshua Lederberg President Vincent A. Mai Honorary Officers Michael P Peters Garrick Utley and Directors Emeriti Senior Vice President Term Expiring 1999 Douglas Dillon and Chief Operating Officer Carla A. Hills Caryl R Haskins Alton Frye Robert D. Hormats Grayson Kirk Senior Vice President William J. McDonough Charles McC. Mathias, Jr. Paula J. Dobriansky Theodore C. Sorensen James A. Perkins Vice President, Washington Program George Soros David Rockefeller Gary C. Hufbauer Paul A. Volcker Honorary Chairman Vice President, Director of Studies Robert A. Scalapino Term Expiring 2000 David Kellogg Cyrus R. Vance Jessica R Einhorn Vice President, Communications Glenn E. Watts and Corporate Affairs Louis V Gerstner, Jr. Abraham F. Lowenthal Hanna Holborn Gray Vice President and Maurice R. Greenberg Deputy National Director George J. Mitchell Janice L. Murray Warren B. Rudman Vice President and Treasurer Term Expiring 2001 Karen M. Sughrue Lee Cullum Vice President, Programs Mario L. Baeza and Media Projects Thomas R.
    [Show full text]
  • Tides Foundation 2017 Form
    OMB No. 1545-0047 Form 990 Return of Organization Exempt From Income Tax 2017 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) G Do not enter social security numbers on this form as it may be made public. Open to Public Department of the Treasury Internal Revenue Service G Go to www.irs.gov/Form990 for instructions and the latest information. Inspection A For the 2017 calendar year, or tax year beginning , 2017, and ending , B Check if applicable: C D Employer identification number Address change Tides Foundation 51-0198509 Name change P.O. Box 29903 E Telephone number Initial return San Francisco, CA 94129-0903 415-561-6400 Final return/terminated X Amended return G Gross receipts $ 439,417,675. Application pending F Name and address of principal officer: Kriss Deiglmeier H(a) Is this a group return for subordinates? Yes X No H(b) Are all subordinates included? Yes No Same As C Above If 'No,' attach a list. (see instructions) I Tax-exempt status X 501(c)(3) 501(c) ( )H (insert no.) 4947(a)(1) or 527 J Website: G www.tides.org H(c) Group exemption number G K Form of organization: X Corporation Trust Association OtherG L Year of formation: 1976 M State of legal domicile: CA Part I Summary 1 Briefly describe the organization's mission or most significant activities:Tides Foundation's primary exempt purpose is grantmaking. We empower individuals and institutions to move money efficiently and effectively towards positive social change. 2 Check this box G if the organization discontinued its operations or disposed of more than 25% of its net assets.
    [Show full text]
  • 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
    1 TABLE OF CONTENTS 2 I. INTRODUCTION ...................................................................................................... 2 3 II. JURISDICTION AND VENUE ................................................................................. 8 4 III. PARTIES .................................................................................................................... 9 5 A. Plaintiffs .......................................................................................................... 9 6 B. Defendants ....................................................................................................... 9 7 IV. FACTUAL ALLEGATIONS ................................................................................... 17 8 A. Alphabet’s Reputation as a “Good” Company is Key to Recruiting Valuable Employees and Collecting the User Data that Powers Its 9 Products ......................................................................................................... 17 10 B. Defendants Breached their Fiduciary Duties by Protecting and Rewarding Male Harassers ............................................................................ 19 11 1. The Board Has Allowed a Culture Hostile to Women to Fester 12 for Years ............................................................................................. 19 13 a) Sex Discrimination in Pay and Promotions: ........................... 20 14 b) Sex Stereotyping and Sexual Harassment: .............................. 23 15 2. The New York Times Reveals the Board’s Pattern
    [Show full text]
  • Buone Le Prospettive Per Le MCU Cambio Ai Vertici Di NI Intel Si
    600 SETTEMBRE 2016 www.elettronica-plus.it Buone le prospettive per le MCU Anche se nel 2015 il mercato del- Più deciso l’aumento le MCU è rimasto sostanzialmente nei prossimi anni: nel piatto, con una crescita inferiore al periodo 2015-2020 punto percentuale, le previsioni per le vendite di micro- il futuro sono più rosee. Secondo controllori cresce- una recente analisi di IC Insights, ranno con un tasso questo comparto è destinato ad del 5,5%, toccando www.elettronica-plus.it aumentare quest’anno del 4%, ge- quota 20,9 miliardi di nerando un fatturato di 16,6 miliardi dollari. Si tratta di un di dollari, contro i 15,9 miliardi fat- buon risultato, visto ti registrare nel 2015. In termini di che dalla metà degli Andamento del mercato delle MCU e previsioni fino al 2020 volumi quest’anno la crescita sarà anni ‘90 la crescita su (Fonte IC Insights – settembre 2016) del 2% (22,4 miliardi di unità), così base annua è stata come il prezzo medio di vendita del 2,9%. Il settore trainante sarà che rappresenta il 28% del totale Mensile di notizie e commenti (che si assesterà su 0,74 dollari). quello delle MCU per smart card, delle unità spedite da qui al 2020. per l’industria elettronica all’interno Intel si rifocalizza e vende la divisione per la sicurezza informatica MERCATI IL FASCINO Intel ha annunciato l’intenzione di di dollari. In un comunicato Intel ha ranno nella nuova organizzazione DEGLI INDOSSABILI vendere il 51% della sua divisio- detto che la nuova entità sarà uno (che riprenderà il nome di McAfee).
    [Show full text]
  • 1 DICKSON LEW LOUIE Office: 510-352-8885 Mobile: 510-384-4229 [email protected] [email protected] May 4, 2020
    DICKSON LEW LOUIE Office: 510-352-8885 Mobile: 510-384-4229 [email protected] [email protected] May 4, 2020 PROFESSIONAL/ACADEMIC POSITIONS University of California, Davis (2012- present] - Lecturer/Visiting Assistant Professor of Management San Francisco State University (2015-present) - Lecturer, Executive MBA Program, College of Business Time Capsule Press, LLC (2008-present) - President and CEO Louie & Associates (1999-present) - Principal The ClearLake Group (2012-18) - Colleague San Francisco Chronicle (2002-2006) - Strategic Planning Director (newsroom) (2003-06) - Advertising Business Manager (2002-03) San Jose Mercury News (1998-1999) - Business Development and Planning Manager (1998-99) - Advertising Business Manager (1998) Harvard Business School, Harvard University (1996-98) - Research Associate Los Angeles Times/Times Mirror Company (1983-95) - Corporate Financial Planning Manager, Times Mirror Newspaper Group, (1994-95) - Circulation Planning Manager, Los Angeles Times (1989-1994) - Senior Financial Planning Analyst, Los Angeles Times (1988-1999) - Financial Planning Analyst, Los Angeles Times (1984-88) - Financial Planning Intern, Los Angeles Times (1983) California State University, Hayward (Summer 1984) - Lecturer, Department of Accounting 1 Arthur Young & Company, CPAs (1980-82- Staff auditor and tax accountant, San Francisco Office (1980-82) EDUCATION University of Chicago, MBA, Marketing, Finance, and Statistics, 1984. California State University, Hayward, BS, Business Administration (Accounting option), minor, Mass Communications (Journalism), with high honors, 1980. EXECUTIVE EDUCATION Building and Leveraging Brand Equity, Wharton School of Commerce, University of Pennsylvania, May 1996. Leading Product Development, Harvard Business School, Harvard University, June 1997. Executive Leadership Program, Media Management Institute, Kellogg School of Management and Medill School of Journalism, Northwestern University, Spring 2002. Disney Institute, Disney’s Approach to Leadership Excellence, Disneyland, Anaheim, California, July 2017.
    [Show full text]
  • Larry Page Developing the Largest Corporate Foundation in Every Successful Company Must Face: As Google Word.” the United States
    LOWE —continued from front flap— Praise for $19.95 USA/$23.95 CAN In addition to examining Google’s breakthrough business strategies and new business models— In many ways, Google is the prototype of a which have transformed online advertising G and changed the way we look at corporate successful twenty-fi rst-century company. It uses responsibility and employee relations——Lowe Google technology in new ways to make information universally accessible; promotes a corporate explains why Google may be a harbinger of o 5]]UZS SPEAKS culture that encourages creativity among its where corporate America is headed. She also A>3/9A addresses controversies surrounding Google, such o employees; and takes its role as a corporate citizen as copyright infringement, antitrust concerns, and “It’s not hard to see that Google is a phenomenal company....At Secrets of the World’s Greatest Billionaire Entrepreneurs, very seriously, investing in green initiatives and personal privacy and poses the question almost Geico, we pay these guys a whole lot of money for this and that key g Sergey Brin and Larry Page developing the largest corporate foundation in every successful company must face: as Google word.” the United States. grows, can it hold on to its entrepreneurial spirit as —Warren Buffett l well as its informal motto, “Don’t do evil”? e Following in the footsteps of Warren Buffett “Google rocks. It raised my perceived IQ by about 20 points.” Speaks and Jack Welch Speaks——which contain a SPEAKS What started out as a university research project —Wes Boyd conversational style that successfully captures the conducted by Sergey Brin and Larry Page has President of Moveon.Org essence of these business leaders—Google Speaks ended up revolutionizing the world we live in.
    [Show full text]
  • Oral History with Paul J. Ferri
    Oral History with Paul J. Ferri NVCA-Venture Forward Oral History Collection This oral history is part of NVCA-Forward Oral History Collection at the Computer History Museum and was recorded under the auspieces of the National Venture Capital Association (NVCA). In October 2018, the NVCA transferred the copyright of this oral history to the Computer History Museum to ensure that it is freely accessible to the public and preserved for future generations CHM Reference number: X8628.2018 © 2021 Computer History Museum National Venture Capital Association Venture Capital Oral History Project PAUL J. FERRI Interview Conducted by Carole Kolker, PhD November 28, 2012 December 6, 2012 This collection of interviews, Venture Capital Greats, recognizes the contributions of individuals who have followed in the footsteps of early venture capital pioneers such as Andrew Mellon and Laurance Rockefeller, J. H. Whitney and Georges Doriot, and the mid-century associations of Draper, Gaither & Anderson and Davis & Rock — families and firms who financed advanced technologies and built iconic US companies. Each interviewee was asked to reflect on his formative years, his career path, and the subsequent challenges faced as a venture capitalist. Their stories reveal passion and judgment, risk and rewards, and suggest in a variety of ways what the small venture capital industry has contributed to the American economy. As the venture capital industry prepares for a new market reality in the early years of the 21st century, the National Venture Capital Association reports (2008) that venture capital investments represented 21 percent of US GDP and were responsible for 12.1 million American jobs and 2.9 trillion in sales.
    [Show full text]
  • LACERS Los Angeles City Employees’ Retirement System
    LACERS Los Angeles City Employees’ Retirement System Report to Board of Administration Agenda of: AUGUST 3, 2009 From: Daniel P. Gallagher, Chief Investment Officer ITEM: V−A SUBJECT: NOTIFICATION OF UP TO $20 MILLION INVESTMENT IN HELLMAN & FRIEDMAN CAPITAL PARTNERS VII, L.P. Recommendation: That the Board receive and file this notice. Discussion: Attached is an investment abstract for Hellman & Friedman Capital Partners VII, L.P. (H&F VII) prepared by Hamilton Lane, LACERS’ traditional alternative investments consultant. Background H&F VII (Fund) is projected to be a $7 billion, hard cap $10 billion, middle-market to large cap buyout fund focusing on a variety of industries, including financial services, media, software/data services, business services, healthcare, internet/digital media, and energy/industrials. Investments will be pursued both in the U.S. and Western Europe with a small percentage that can be invested in Eastern Europe, Asia and Australia. LACERS has invested $31 million in H&F Funds with $11 million in H&F V (vintage 2004), and $20 million in H&F VI (vintage 2007). The General Partner (GP), founded in 1987 by Warren Hellman and Tully Friedman, has an experienced team. The majority of team members have worked and invested successfully together over many years and through several economic and private equity market cycles. H&F VII will be managed by senior partners Warren Hellman, Brian Powers, Philip Hammarskjold, Patrick Healy, and Thomas Steyer. The principals average over twenty-three years private equity experience and seventeen years tenure with the GP. They will be supported by thirty-one additional investment professionals and forty-one support staff.
    [Show full text]
  • How the New York Stock Exchange Really Works David Kramer
    How the New York Stock Exchange Really Works David Kramer Object 1 Object 2 Object 3 Richard Ney on the Role of the Specialist by Michael Templain “The story is told that after he had been deported to Italy, Lucky Luciano granted an interview in which he described a visit to the floor of the New York Stock Exchange. When the operations of floor specialists had been explained to him, he said, ‘A terrible thing happened. I realized I’d joined the wrong mob’” (1Ney, 8). It was with these words that Richard Ney began his first of three books on the nature of the New York Stock Exchange. Ney wrote over 20 years ago, a time when a 750 Dow was high and today’s volumes were beyond imagining. Some of his material is dated, and must be read in the light in which it was written. But the main premise of his books is still true: that the specialist exists not to ensure the free and orderly trade of stock in a particular company, but to fatten upon the innocence and ignorance of the small investor. The New York Stock Exchange is not an auction market (2Ney, 86), though many investors still hold onto that image. It is a rigged market. Volume is an effect of price. Prices are controlled absolutely by the specialists, the ‘market makers’ in individual stocks. It was this discovery that led Mr. Ney to eventually give us small investors a priceless gift: enlightenment. “Studying the transactions in each stock, I became immediately conscious that, on too many occasion to be a coincidence, a stock would advance from its morning low and then, often during the afternoon, would show an up-tick of a half-point or more on a large block of anywhere from 1,500 to 5,000 or more shares.
    [Show full text]
  • Page Ndcal Complaint
    1 JOHN JASNOCH SCOTT+SCOTT, ATTORNEYS AT LAW, LLP 2 707 Broadway, Suite 1000 San Diego, California 92101 3 Telephone: (619) 233-4565 Facsimile: (619) 233-0508 4 Email: [email protected] 5 THOMAS L. LAUGHLIN, IV SCOTT+SCOTT, ATTORNEYS AT LAW, LLP 6 The Chrysler Building 405 Lexington Avenue, 40th Floor 7 New York, New York 10174 Telephone: (212) 223-6444 8 Facsimile: (212) 223-6334 9 Attorneys for Plaintiff 10 [Additional counsel on signature page.] 11 12 UNITED STATES DISTRICT COURT 13 NORTHERN DISTRICT OF CALIFORNIA 14 15 WEST PALM BEACH FIRE PENSION FUND, Case No. 16 Plaintiff, 17 v. VERIFIED SHAREHOLDER 18 LAWRENCE “LARRY” PAGE, SERGEY M. DERIVATIVE COMPLAINT BRIN, ERIC E. SCHMIDT, L. JOHN DOERR, 19 DIANE B. GREENE, JOHN L. HENNESSY, ANN MATHER, PAUL S. OTELLINI, K. RAM 20 SHRIRAM, SHIRLEY M. TILGHMAN, MICHAEL J. MORITZ, ARTHUR D. LEVINSON, 21 ROBERT ALAN EUSTACE, OMID R. KORDESTANI, JONATHAN J. ROSENBERG, 22 SHONA L. BROWN, and ARNNON GESHURI, 23 Defendants, 24 and 25 GOOGLE, INC, 26 Nominal Defendant. 27 28 VERIFIED SHAREHOLDER DERIVATIVE COMPLAINT 1 PROLOGUE 2 “[T]here is ample evidence of an overarching conspiracy between” Google and the other defendants, and of “evidence of Defendants’ rigid wage structures and 3 internal equity concerns, along with statements from Defendants’ own executives, are likely to prove compelling in establishing the impact of the anti-solicitation 4 agreements . .” 5 In re High-Tech Employee Antitrust Litig., No. 11-cv-2509, 2014 WL 3917126, at *16 (N.D. 6 Cal. Aug. 8, 2014). 7 Plaintiff West Palm Beach Fire Pension Fund (“West Palm” or “Plaintiff”), on 8 behalf of Google, Inc.
    [Show full text]