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BusinessCal Alum Warren Hellman MBA 2011 Plays to His Own Tune in April 28—May 1, 2011 Investing, Philanthropy

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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, 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 rightW 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. 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. following 18 years in the posi- CalBusiness by sending a letter new Berkeley Innovative Leader Meanwhile, Adobe Systems tion. Charron is now executive Development (BILD) initiative CEO Shantanu Narayen, a 1993 to the editor to letters@haas. director of Berkeley Innovative right from the start. The first graduate of the Evening & berkeley.edu. Accepted letters Leader Development (BILD), Download New Berkeley-Haas iPhone App week of class then began with Weekend MBA Program, talked the new innovative leadership Haas has launched a new iPhone app aimed at prospective may be edited for clarity. a new course created as part of about successful leadership with curriculum that Haas rolled students for the Evening & Weekend MBA Program. Check it BILD: Problem Finding, Problem 240 new evening and weekend CB out this fall. out in the iTunes Store by searching for Berkeley-Haas.

2 CalBusiness Fall 2010 Fall 2010 CalBusiness 3 Ned Augenblick and the unintended negative conse- Talking Leadership with PhD in Economics, Stanford quences of the military’s ‘Don’t Ask, Center for Don’t Tell’ policy.” “I’ve been studying the Amazon New Haas Prof. Don Moore Teaching Excellence: Mechanical Turk, an online job Panos Patatoukas n addition to the new assistant professors who Perfecting the Art of Instruction market for very small and repeti- PhD in Accounting and joined Haas, visiting professor Don Moore The Haas School’s Center for Teaching Excellence InBrief tive jobs. I hope to continue to Finance, Yale became an official member of the Haas faculty (CTE) launched in 2009 with a grant from Steve and use new technology to observe “My PhD dissertation adopts a and understand online interac- Ithis summer, bringing a wealth of knowledge Susan Chamberlin, MBA 87. CTE offers several services new integrative perspective on to help Haas professors improve their teaching skills. tions in different markets.” about leadership to the school. Moore, an asso- Haas Expands Faculty With linkages among firms that calls for ciate professor at Haas, came from Carnegie Since its launch, 129 faculty members have taken Ming Leung a joint exploration of elements of Mellon and earned his PhD in organizational advantage of CTE’s offerings. Here’s a sampling of Seven New Assistant Professors accounting, finance, marketing, and some of them. PhD in Business behavior from Northwestern University. He has his fall the Haas School welcomed seven new assistant Administration/Organizational operations research. In recognition professors whose research spans a wide variety of Behavior, Stanford of the interdisciplinary nature of my studied overconfidence, bargaining and negotia- tions, comparative judgment, and business ethics. topics, from online marketplaces to consumer behavior “I’m interested in the effects research, the American Accounting Mentoring: to labor economics. Here is some background on Association Northeast Region CalBusiness spoke with Moore this summer to Early-stage instruc- T of social categorization pro- tors are paired with awarded me its 2009 Best PhD each new faculty member: cesses on market participants. find out more about him. Here’s an excerpt from experienced profes- Currently I’m studying how these Student Paper Award.” Prof. Don Moore our interview. sors by course or dynamics affect transactions of discipline to create Noam Yuchtman Pnina Feldman Minjung Park a structured discus- PhD in Operations small businesses and freelancers PhD in Economics, Harvard PhD in Economics, Stanford What drew you to Haas? show up to my class, they sion on course and Management, University of “My work focuses on legal and in an online market context.” Former Position: Assistant A faculty position at Haas has think they know a lot. They’ve materials develop- Pennsylvania Professor, University of Minnesota worked in organizations and ment. educational institutions and their Clayton Critcher been my dream job for a very role, combined with human cap- “My work explores the impli- “My main research interest lies in long time. Haas is among the think they have evidence cations of rational consumer PhD in Social and Personality ital, in structuring labor market Psychology, Cornell firm behavior in a competitive mar- very best business schools in the useful for assessing theories activity and promoting economic purchasing behavior on firms’ ketplace and various strategies used of management. “I am an experimentalist world. The quality of colleagues growth and development.” pricing decisions, with applica- by firms to attain the competitive is spectacular. The faculty, both However, our intuitions are tions in retail and services—an who studies psychology and edge. I employ structural models to often unsystematic, based on consumer behavior, frequently at Haas and around campus, is interdisciplinary topic that blends analyze how firms respond to insti- vibrant and stimulating. small samples, and biased. It’s aspects of the operations man- looking to real-world concerns tutional and market incentives and fun to explore the limits of our Evaluation Why did you decide to The new assistant professors who agement, marketing, and eco- to motivate basic research. My how the strategic interactions influ- assumptions and talk about Summaries: joined the faculty this fall are (l. to r.) specialize in organizational The center analyzes nomics fields. I’m also interested recent research has included ence market structure and the surprising counterintuitive Noam Yuchtman, Pnina Feldman, studies of public skepticism behavior and leadership? and then condenses Ned Augenblick, Ming Leung, Clayton in how firms can strategically consumer welfare.” CB results of what research has dozens of student Critcher, and Panos Patatoukas. use the negotiation process toward global warming, the Leadership is, of course, what exposed and how we can do evaluations into a The seventh new faculty member influence of mind wandering on most MBAs want to learn. They not pictured is Minjung Park. to achieve goals other than better. People have theories one-page summary reaching a potential agreement. ” consumers’ sense of satisfaction, want to have an influence and about how to praise, motivate, for faculty to under- advance in an organization. and hire people. In this class, stu- stand their strengths Leadership is a fascinating and opportunities for dents learn how to deliver useful improvement. subject for research because it insight based on research. is incredibly complicated and poses profound questions. My Tell us about something research focuses on manage- counterintuitive about rial overconfidence: how what leadership. you do and say makes others Lots of people believe that confi- more willing to follow you, to dence is necessary for effective Continuous leadership, and so they cultivate Learning: what extent people are prone to Throughout the claim they know more than they the display of confidence in year the center do, and how overconfidence order to inspire faith in their lead- hosts seminars on impacts results. ership potential. This belief is best practices and only half right: It is true that dis- innovative teaching What can MBA students playing confidence is often approaches, expect from your version essential for being chosen for a including grading of the leadership class and assessment this fall? leadership position. However, techniques. the most effective leaders are “Leading People” is a core intro- most definitely not the most con- ductory class in organizational fident. Overconfidence among management. The course was leaders has tremendous costs for restructured as part of the new their organizations, colleagues, Berkeley Innovative Leadership and shareholders. Effective Development curriculum Annual Teaching leaders must understand the dis- Excellence Series: launched this fall. It’s a survey tinction between deliberation— Every July the center class based on a broad array of when caution, clear-headedness, orients new faculty research. and wisdom are most valuable— to the school and People’s beliefs about human offers sessions for and implementation, when the new and veteran psychology and management display of confidence becomes practice are often based on faculty on everything more useful for inspiring and moti- from the case method intuition, not fact. When people vating others to give their all. CB to designing a new course.

4 CalBusiness Fall 2010 Fall 2010 CalBusiness 5 says Vogel. “This is a controversial point. The researchers studied strategy Faculty Pioneer People who focus on CSR strongly implementation at Kaiser Permanente, PowerBy Pamela Tom of Ideas David Vogel honored for research believe in the business benefits of CSR, one of the country’s largest nonprofit on corporate social responsibility and that the more responsible firms health care organizations. Faced with Why do entrepreneurs flock to startup meccas? Professor are, the more profitable they will be. increased competition, Kaiser estab- David Vogel Unfortunately, there is little evidence lished a new strategy focused on quality Robert Helsley maps out the benefits of entrepreneurial clustering received the that more responsible firms are more and service, rather than cost. The plan Aspen Institute’s profitable. But what is encouraging is offered tangible new resources such as a Faculty Pioneer that neither are they less profitable.” new scheduling system and redesigned Award for Vogel has been a faculty member at call centers as well as improvements in Lifetime Berkeley’s business school since 1973 staffing and appointment services to Achievement and editor of the school’s journal, enable physicians to be more responsive In a recent The researchers built a model based Oct. 27 in rec- California Management Review, since 1982. to patient needs. A second phase sought working paper, on a project taking place in one city, ognition of his to improve the physician-patient relation- Professor Robert with all of the project’s tasks being seminal work ship and communication. The overall Helsley studied carried out simultaneously. in the field of Rallying the Forces measurement of success: improved entrepreneurial The model showed that the corporate social responsibility. Jennifer Chatman studies patient satisfaction. The study used data clustering and economies of urban agglomeration— Vogel was selected from more than how Kaiser drives change from physician and patient satisfaction showed that the benefits of extended cities and 100 nominees for the award, which has surveys to measure how well the new Successful senior the density or towns of an urban center—help been called the “Oscars of the business strategy worked. leadership and thickness of local produce not only higher quality results school world” by the Financial Times. The study also measured the strat- strategy heavily input markets but also shorter project completion The Aspen Institute is a Washington, egy’s effectiveness by the leaders’ ability depend on translates times. For example, the time that it DC-based educational and policy to communicate to employees why the collective into faster takes an entrepreneur to receive initial studies institute. patient satisfaction was critical to the effectiveness of productivity and higher profitability. funding from a venture capitalist is Vogel, the author of 14 books, has organization’s success—because it had other leaders The thickness of the market is shorter for projects initiated in large been at the forefront of research on cor- not been a top priority in the past. throughout the defined by the concentration of clusters of related activity. porate social responsibility throughout The results indicated that the more organizational resources, such as skilled workers, that The researchers also discovered that an academic career that spans nearly effective both the CEO and head of a hierarchy, are critical to the success of startup a natural hierarchy of cities considered four decades. His first book, Lobbying the department were perceived to be, the according to activities. desirable by entrepreneurs emerges Corporation: Citizen Challenges to Business more physicians supported the strategy. a study co- The study also found that thicker based on the level and complexity of Authority (1978), examined the impact Moreover, the data showed that authored earlier this year by Professor markets offer a support system that activities that occur in a given city. of shareholder activism and consumer leaders are more likely to be effective Jennifer Chatman. permits more specialized There is a natural relationship between boycotts on redefining the social role in getting employees to achieve orga- “Effective change in organizations is entrepreneurs—those the thickness of markets and the and responsibilities of business during nizational objectives—such as patient illusive—most organizations fail to achieve whose prior experiences complexity of the activities that they the civil rights, anti-war, and anti- satisfaction—when the employees are the performance outcomes to which they are concentrated in one can support. apartheid movements. shown that their leaders are united in aspired within an anticipated time frame, industry or activity—to The study determined while many Vogel says sweatshop abuses have supporting the strategy. Supporting if ever,” says Chatman. “Our research operate more profitably types of cities can support basic been replaced with environmental and the strategy means reinforcing it by shows that effective change is less about than they would in a entrepreneurial activities, the most sustainability issues, but he is pleased allocating resources, addressing any the mechanics of the change—what new smaller entrepreneurial complex projects are only feasible in that CSR has become a permanent part opposition or resistance, and convincing technology should be put in place, what economy. large clusters where the benefits of of management practice and institution- employees that the new initiative is procedures should be followed—and The working paper, thick markets are most pronounced. alized in corporations. important and in their best interest to more about how committed leaders across “Entrepreneurs and Vogel considers his 2005 book, support. The paper explains, “When all levels are to the change.” Cities: Complexity, The Market for Virtue: The Potential and there was disagreement about the “This suggests that CEOs would Thickness and Balance,” Limitations of Corporate Social Responsibility, strategy or leaders were seen as ineffec- be wise to spend time ensuring that is co-authored with to be his most important scholarly con- tive, performance was lower.” “There are many their leaders down the ranks are fully William C. Strange of tribution to the study of business-society informed and committed before University of Toronto’s relations. In this book, Vogel presents a benefits to having embarking on major change efforts,” Rotman School of balanced, well-researched assessment of adds Chatman, who outlined these find- Management. “This entrepreneurs CSR’s accomplishments and limitations ings in an article titled “How leadership paper looks at how the characteristics in improving labor conditions, human matters: The effects of leaders’ align- Watch Haas Research of a local economy facilitate entrepre- cluster in rights, and environmental conditions ment on strategy implementation.” Videos Online neurial activity,” says Helsley, “There in the global economy. The Market for one place.” The article, published in the are many benefits to having entrepre- Virtue won the best book award from the • Marcus Opp Exposes Flaws of Rating- February issue of The Leadership neurs cluster in one place.” — Prof. Robert Helsley Social Issues Division of the Academy of Contingent Regulation Quarterly, was co-authored by Haas PhD Management in 2008. candidate William Self; Charles O’Reilly • Lucas Davis Calls for Natural Gas Pricing “I have tried to strike a balance of Stanford University; David Caldwell Reform between seeing the potential of CSR and of Santa Clara University; and Margaret also its structural limitations in terms Lapiz, vice-president of strategy and haas.berkeley.edu/researchvideos of the constraints that markets impose implementation at The Permanente on companies to behave responsibly,” Medical Group.

6 CalBusiness Fall 2010 Fall 2010 CalBusiness 7 Hardly Strictly Business

H a r d l y Strictly B u s i n e s s 2 0 1 0 LIFETIME ACHIEVEMENT AWARD ROBERT HAUSER

Hardly {

CAL ALUM WARREN HELLMAN PLAYS TO HIS Strictly OWN TUNE IN INVESTING, PHILANTHROPY { Financier Warren By Ronna Kelly Hellman, BA 55, celebrates the tenth arren Hellman, a financier and power broker, loves anniversary of the telling stories. Here’s one he Hardly Stricly Business shared with CalBusiness recently: Bluegrass Festival, Earlier this year, Hellman, which he has funded BA 55, met with two top New York every year. WTimes editors in his Financial District office about the news- paper publishing articles written by The Bay Citizen, a news website that Hellman seeded with $5 million. How do we know you won’t try to influence the editorial product?, the editors pointedly asked Hellman, who co-founded the firm Hellman & Friedman 26 years ago. With a sly grin, Hellman recounts his response to the editors: The only publication that ever wrote anything negative about the B a n k i ng R o o t s B a njo -P l ay i ng B i l l io na i r e John Stanton, whose company, Wireless, Hardly Strictly Bluegrass Festival, another Hellman cause, was Born into a banking family, Hellman was destined In 1976, after Lehman, Hellman co-founded a venture received $130 million from Hellman & Friedman in the San Francisco magazine—and Hellman was a significant for a career in business. His great-grandfather led capital firm in Boston now called . With his early 1990s, echoes that sentiment. Stanton was surprised shareholder at the time. Wells Fargo Bank in the late 1800s; his uncle was roots in the Bay Area calling him back, Hellman returned when Hellman and his partners flew to Seattle after Indeed, Hellman says his success in private equity stems in chairman of ; and his father was an to San Francisco and co-founded the private equity firm, Deutsche Telekom acquired Western Wireless spinoff part from his ability to choose companies with strong managers investment banker. Hellman triple-majored in eco- Hellman & Friedman in 1984. VoiceStream; Hellman & Friedman ultimately received already in place, limiting his need to interfere. nomics, political science, and history while playing But Hellman is not your typical private equity billion- $1.5 billion from its Western Wireless investment. “Part of making smart investments is to back great people varsity water polo at Cal. “I never wanted to leave,” aire. On a recent sunny day in San Francisco, a CD of “They took us to dinner. They gave the management who run the companies,” says Hellman. “Chances are they won’t he recalls. “It was so damn much fun.” Emmylou Harris blares from his large office with two walls team gifts. I’m not sure anyone else does that,” says be at Hellman & Friedman. In fact, it’s a relative certainty that After graduation, Hellman served in the Army of windows overlooking the bay from the Golden Gate to Stanton. “It’s pretty unusual in that business.” they won’t be at Hellman & Friedman.” and earned an MBA at his father’s alma mater, the Bay Bridge. Three banjos are scattered around the But private equity is just one chapter in Hellman’s long Harvard Business School. He says his family con- office along with many family pictures. One shelf contains C o m m i t t e d S t e wa r d career. Hellman, 76, has accomplished more than three people nections helped him get his first post-MBA job at a small collection of decorative silver wine glasses and Hellman also holds a strong sense of stewardship toward might only hope to achieve in business—first in investment Lehman Brothers. But he quickly proved himself and a yarmulke (Jewish skullcap) with a yellow cursive Cal his limited partners, whose money the firm invests, banking, then venture capital, and most recently in private became the firm’s youngest partner at the age of 26. embroidered on it, presumably for the weekly Torah class including such big institutional investors as the California equity. Hellman’s success—stemming from strong management, By 36, he was president. Hellman has been hosting in his firm’s conference room Public Employees’ Retirement System (CalPERS), the finance, and entrepreneurial skills—has enabled him to become Lehman was one of two Wall Street firms that for 25 years. largest U.S. public pension fund, and the government of involved in a wide range of philanthropic activities, from The Bay invested its own capital as principal, rather than Hellman wears the standard business-casual uniform— Singapore. Citizen to the bluegrass festival to giving back to UC. only helping others invest—which was Hellman’s khakis and blue button-down shirt---but with a twist: a “Warren is very focused on doing what’s right,” says The Haas School is honoring Hellman this year with its favorite part of the job. What he didn’t like was the cowboy-style belt buckle. The Hardly Strictly Bluegrass Hammarskjold. “He feels a great sense of responsibility for Lifetime Achievement Award to recognize his countless accom- cut-throat culture. So, when capital requirements Festival is approaching, and from his office next door, the capital that has been entrusted with us to invest.” plishments in business and generous philanthropic efforts. The limited Lehman’s ability to continue investing its Hellman & Friedman CEO Philip Hammarskjold hears And the investors continue to invest because the firm school will present the award to Hellman at its annual gala in own principal, Hellman left. Hellman play the banjo more and more. delivers, to the tune of annual gross returns of about 40 San Francisco on Nov. 5. “It was the most internally competitive, tough Hammarskjold, who joined Hellman & Friedman in percent or more for most of its history. Even during the “Warren Hellman is a man of great humility, despite his environment that you could ever imagine,” Hellman 1992, credits Hellman for establishing the firm’s culture, recession last year, Hellman & Friedman closed a new amazing track record in building successful companies and says of Lehman Brothers. “When people say, ‘How which includes an unofficial “no-jerk” policy. “There’s a $8.9 billion fund. (That fund is still investing, so it is a undertaking new ventures for the community,” says Dean Rich do you explain the success of Hellman & Friedman?’ level of decency and basic kindness that is expected of little premature to predict its return.) With that money, Lyons. “He is an archetype of the leader we aim to develop here I say, ‘Well, I just try to remember what we did at people here that he set the standard for at the beginning,” Hellman and his partners invest in companies seeking at Berkeley-Haas.” Lehman, and I do exactly the opposite.’” Hammarskjold says. $300 million to $1.2 billion in equity capital, always with a long-term perspective of up to ten years. 8 CalBusiness Fall 2010 Fall 2010 CalBusiness 9 2 0 1 0 LEADING THROUGH INNOVATION AWARD

Hellman points to a few characteristics that make his only thing Hellman talked about in a Bloomberg news firm unique: It doesn’t collect fees when it buys a stake in article on the DoubleClick sale. IDEO General Manager, a company, and the firm’s partners invest more of their “I can’t emphasize how unusual and unconventional own money in the firm’s funds compared with other pri- that is. He really has from my experience an extraordinary Alumnus Tom Kelley vate equity shops, which ensures that their interests are ability to connect with people and think about them in Honored for Advancing closely aligned with those of limited partners. Hellman a multidimensional way,” says Rosenblatt. “It’s incredibly also believes in letting a company’s management run the refreshing.” the Understanding and company and instead focuses on providing advice on what his firm knows best—capital planning and finance-related M a n o f M a n y I n t e r e s t s Practice of Innovation matters. That may be because Hellman is so multi-faceted himself. “(Warren) really was the godfather, the mentor,” says Once an avid skier and marathon runner, Hellman still Stanton, formerly of Western Wireless. “He’s got a soft heads to his Marin County ranch to ride horses and has voice; he can’t be heard in a shouting match. But when competed in the grueling 100-mile Tevis horseback ride in aris and its many charms beckoned, but IDEO Warren speaks, everyone listens.” the Sierras. Head to Lake Tahoe and you’ll find Hellman’s General Manager Tom Kelley, MBA 83, had other Run on the slopes of Sugar Bowl ski resort, of which priorities. He was watching passengers navigate the I n v e s t m e n t S ucc e s s e s Hellman became a principle stockholder after a restruc- turnstiles leading from That’s still true today, even though Hellman stepped down turing in 1998. the Charles de Gaulle as chairman last year. He remains on the firm’s investment Hellman is also a big supporter of the San Francisco air terminal to the train station. “Design committee and still comes in the office every day, focusing Foundation, which funds such causes as park cleanups Kelley spent 15 minutes watching thinking means people seem to need?’ rather than “How do we increase on mentoring the younger partners. and housing for the poor and the San Francisco Free asP people tossed bags over, slid asking, ‘What market share?’” says Kelley. Since its inception, Hellman & Friedman has invested Clinic, which serves indigent people and was founded by them under, or passed them to a do people seem Answering this question and developing solutions in about 70 companies. The firm’s current pool of 22 Hellman’s doctor daughter, Patricia Hellman Gibbs. partner on the other side of the turn- require each of Kelley’s “Ten Faces of Innovation.” They investments includes Getty Images, the Nielsen Company, The Bay Citizen, launched earlier this year, is Hellman’s stiles—somehow designed without to need?’ rather and several financial services and software companies. newest philanthropic and entrepreneurial endeavor. include “hurdlers,” who are trained for obstacles; “cross- acknowledging luggage as de than ‘How do The company’s conference rooms are named after its Hellman says the dearth of local news amid layoffs at the pollinators,” who share ideas from outside the team; and rigueur to the airport experience. most successful investments; its one real flop, a paging San Francisco Chronicle—and the consequences on local we increase “storytellers,” who wrap data in a compelling message. “These gates have been in place company from the 1990s, has its name on a stall in the politics—led him to think of starting a local newspaper market share?’” First to find out what people need are what Kelley calls for decades and somehow no one men’s bathroom. as a nonprofit. With Hellman’s $5 million, the idea (and who often literally are) “anthropologists.” anticipated or has since seen the evolved into an online news hub that “Anthropologists are masters of ‘vuja de’--being in a problem,” Kelley muses as he recalls has partnered with the UC Berkeley place for the millionth time and feeling like they’ve never Graduate School of Journalism and the that trip to Paris. Indeed, even when on vacation, Kelley can’t Warren Hellman, BA 55, has been there before,” says Kelley. “Seeing something familiar New York Times, which publishes Bay help homing in on long-ignored problems in search of innova- always set his sights high. He with fresh eyes leads to the discovery of unsolved prob- played varsity water polo at Citizen articles twice a week in a Bay tive solutions. Cal (left) while triple-majoring lems.” Area section. Kelley knows what it takes to innovate. Since 1997, Kelley in economics, political sci- IDEO anthropologists have helped launch innovations ence, and history. Later, But Hellman’s contributions to UC has served as general manager of IDEO, a global design firm in everything from children’s toothbrushes to checking while leading private equity extend far beyond The Bay Citizen. In that has worked with clients to innovate more than 5,000 firm Hellman & Friedman, he accounts by watching how the intended customer truly found time to run in mara- 2004, he joined three partners to endow products, services, cultures, environmental spaces, and even interacts with a product. thons and ride in endurance Cal’s aquatics program, including water solutions to social issues. Kelley has shared the insights horseback races (right). polo, of course. In 1994, Hellman gleaned from this work in two best-selling books, The Art of and his family gave a $5 million gift to Making a Difference by Design create the Hellman Fellows Program, Innovation and The Ten Faces of Innovation. But IDEO is more than a product design powerhouse. which has supported the research of For his contributions to advancing the understanding In recent years, the firm has also applied its expertise to The successes include advertising firm Young & more than 200 junior faculty. Hellman has been a member and practice of innovation, Kelley has been selected as the services and social challenges. Rubicam and Internet advertiser DoubleClick. Both reflect of the Haas Board, which advises the dean, since 1987 and second recipient of the Haas School’s Leading Through One example is Open IDEO, a newly launched online another principle of Hellman’s investment philosophy: the UC Commission on the Future since its formation last Innovation Award. The annual award was established to cel- community where people can create solutions to tough Invest in companies with strong cash flow but without huge year to advise the UC system as state support falls. ebrate Haas alumni who embody the school’s emphasis on global challenges. Community members can contribute capital expenditures and significant debt. innovative leadership and serve as exemplars to others in the anything from inspirational observations to business models, “There were very, very good people running Young & B lu e g r a s s B e n e fac to r Berkeley-Haas community. Rubicam. They were fretting because the founders still But the philanthropy that Hellman is probably best known with IDEO helping to frame the challenge, prototype, and had most of the ownership, and the people running the for in the Bay Area is the Hardly Strictly Bluegrass Festival, The Importance of “Vuja De” encourage the conversation. Close work with the National Campaign to Prevent Teen and Unplanned Pregnancy company had little,” Hellman recalls. “So we bought out which he has been bankrolling for 10 years. When he first Kelley, who became the Haas School’s first executive fellow resulted in Bedsider.org, which offers education about birth the founders, and we invested a lot of equity in the hands started the festival with 12 bands and 13,000 people at in 2007, applauds the Haas School’s emphasis on building Golden Gate Park, Hellman never expected it to balloon control methods, opt-in reminders, bilingual information by of the people who would be running the company for the innovative leaders. “Top business schools have done an next five years.” The company then went public and was into a three-day event that attracts 750,000 people to hear phone, and iPhone apps. excellent job of developing the left-brain, analytic capabili- eventually acquired by an even larger advertising firm. 80 bands, including Hellman’s, The Wronglers. Kelley is thrilled to be a part of these efforts and sees ties of their students,” he says. “But if you want to prepare DoubleClick, meanwhile, was acquired by for As always, however, Hellman downplays his gener- connections to work at Berkeley-Haas. “At IDEO we’ve the leaders of tomorrow, you have to give them tools that go $3.1 billion in 2008. But Hellman’s favorite story about the osity. “What people don’t realize is that this is so damn seen a general trend over the past decade in young people beyond analytical ones. Equip them to apply design thinking company involves his Torah study group. He recalls how selfish,” Hellman said of the festival when he received being increasingly interested in the legacy their generation to some of their challenges and they’ll have a broader array he invited former DoubleClick CEO David Rosenblatt’s the Lifetime of Achievement in Entrepreneurship will leave the world,” Kelley says. “This concern leads to of tools available to them.” mother to teach his Torah class and she went on to offend and Innovation Award from Haas’ Lester Center for the desire to help your clients or company create lasting Innovation and Entrepreneurship in 2006. “People keep Design thinking, as Kelley and the IDEO folks see it, is one of the “very humorless” rabbis with her feminist inter- and meaningful value, which leads to preparing the next pretation of biblical stories. saying thank you, thank you, and that’s nice, but I feel a problem-solving approach that draws upon intuition and generation to do the same—through education—all of which Rosenblatt was amazed when the Torah class was the like I ought to be saying thank you, thank you, for liking empathy and borrows from non-business disciplines, such leads to preserving the environment around us so that the this music and for coming.” as anthropology. “Design thinking means asking, ‘What do cycle can continue.”

10 CalBusiness Fall 2010 Fall 2010 CalBusiness 11 Haas leads the way in teaching marketing strategy Firms are going to look deeper in a data-heavy world. into“ information about customers as the way to win in the marketplace.” PROF. RASHI GLAZER

Faculty Group, explaining what sets Haas apart. "But we are interested in how the firm’s strategy links to the marketing strategy, and how the marketing strategy helps MARKETING the firm to grow and become more profitable." STRATEGIC

This strategic view of marketing permeates the school's course offerings, from Glazer's core marketing course to Ho's pricing class, which are both among the school's most popular classes. If there is a mantra to Glazer's course, it would be "every strategic decision a company makes is a MAESTROSBY CYRIL MANNING marketing decision."

re you willing to transform your business from "I still rely on the insights I learned from Professor Rashi a bus into a taxi? That’s the first question Haas Glazer's Marketing class," says Patrick O'Neill, MBA 05, Professor Rashi Glazer might ask when evaluating brand manager and recruiter at Del Monte Foods in San your firm’s marketing plan. Francisco. "Marketers can get caught up in the latest technology; he kept coming back to the need to develop GlazerA has nothing against the bus. It’s a perfectly products and services that meet unmet consumer needs." respectable business model, as long as you have customers willing to ride on your schedule, to destinations along Haas interns come to Del Monte with that same view. your route. But when customers’ needs change, the bus "Interns arrive understanding that marketing is about doesn’t respond. It plods along the same streets, making more than being a product manager with a timeline to all the scheduled stops, even when no one’s there. meet," O'Neill says. "They have a strategic understanding of how individual products play in an overall growth plan." A taxi, however, is only in business when a customer hops in and tells the cabbie where to go. As Glazer describes Ho helps develop this mindset in his Strategic Pricing it, a taxi service is “smart” because it’s a partnership with course. "My vision is to have students leave my class with the customer. For him, “smart markets” break down the the ability to think strategically about pricing and with the traditional roles of producers and consumers by creating practical tools they need for their future careers," says Ho, true partnerships between firm and customer. who won Berkeley's top teaching award earlier this year.

"Increasingly, the customer is the most important asset of Students see marketing in practice through assignments any business," says Glazer. In this data-rich age, he adds, with real companies, whether it's in the school's flagship "firms are going to look deeper into information about Haas@Work experiential learning program or class customers as the way to win in the marketplace." projects. LaLoo's Goat Milk Ice Cream Co., for example, asked students in Ho's class if it should lower its prices to Glazer's trailblazing theory about smart markets–which he generate more sales. After conducting surveys and testing first introduced in 1991, years before the Internet boom–is prices at different stores, the students found limited brand one example of how Haas has long been a marketing awareness–not price–was to blame for slow sales. thought leader. While Haas may be more widely known for specialties such as entrepreneurship or nonprofit leadership, LaLoo decided not to lower prices, and students learned the business school has built a powerful marketing an important lesson. Explains Ho: "When things are not franchise. Rigorous coursework and path-breaking research selling, the first reaction shouldn't be cut price." have led as many as 20 percent of full-time Berkeley Hasbun Gabriela MBA students to take jobs in marketing each year after QUANTITATIVE graduation–a higher percentage than Northwestern's Kellogg School of Management in some years. Professor Rashi Glazer is among the Haas faculty who have helped the Haas also is a leader in teaching a data-driven approach school develop a strong marketing curriculum. Glazer, who teaches the to solving marketing problems, reflecting the evolution “Historically, marketing has been done at the gut level,” core MBA marketing course, has been a pioneer in studying the impact of of marketing from a qualitative, creative field to a information on marketing. says Teck-Hua Ho, co-chair of the Haas School's Marketing quantitative science.

12 CalBusiness Fall 2010 Fall 2010 CalBusiness 13

"You learn a very thorough, analytical methodology at Villas-Boas and Assistant Professor Zsolt Katona teach Haas," says CEO Paul Otellini, MBA 74, who few Marketing Strategy courses at Haas, using a computer people realize started in the marketing and sales side Haas provides the foundation to enable a graduate to simulation to allow students to make key decisions of Intel to become the first non-engineer to head the Clorox Sets Alumni flourish at Clorox, Jimenez says. "The marketing courses over the life of a firm. Katona says the core message to semiconductor giant. At Haas, "we relied heavily on that I took at Haas were very quantitative. I found that students is “you can’t be successful if you don’t think a strategic data-driven approach to problem-solving. on Brighter Course when I went to Clorox to start my career, this really helped of the big picture.” That has worked extremely well for me in the high- me have an analytical bent that other people new to tech industry." Clorox might produce the nation’s most popular bleach, Clorox did not have," he says. SUCCESSFUL ALUMNI but it also has a knack for serving as a training ground for Indeed, Otellini was executive vice president of Indeed, alumni in marketing repeatedly credit their Haas graduates, including several who have gone on to The relationship goes both ways. Jennifer Brown, Intel's sales and marketing group when Financial success to their high-level, strategic thinking combined World named Intel the world's third-most valuable become some of the world's top CEOs. Joe Jimenez, MBA 09, believes Clorox has provided her with a unique with strong analytical skills–both developed at Haas. brand, thanks in part to its innovative "Intel Inside" MBA 84, of Novartis, and John Riccitiello, BS 81, of opportunity. As a summer intern, she was given “a lot of campaign. The campaign is considered among the Electronic Arts, both began their careers at Clorox, based responsibility and a lot of free rein” on an effort to further Take Chas Murphy, EWMBA 07, who last year made most successful ever in marketing. in downtown Oakland. And Michael Gallagher, BS 67, green the Brita water filtration brand. She created a AutoWeek's list of “10 Secret People,” who the magazine MBA 68, worked at Clorox as a brand manager before partnership with Preserve, an innovative recycled plastics said are distinguished by “smarts, talents, wit, charm, Glazer gave Haas a head start in the data-driven heading up Playtex Products. So what’s the secret behind company, and launched a drop-off recycling program at capabilities, and single-minded drive.” marketing movement. In 1999, his influential this impressive track record? Whole Foods stores. As an associate marketing manager, article "Winning in Smart Markets" defined a smart Brown went on to oversee the Brita program she created As a manager overseeing the sports car lines for Audi of America, Murphy helped steer the company's market as a turbulent, information-intensive field “No other company gives you the level of training in and now works on other base-brand marketing projects. with constantly changing products, customers, and decisions while it was entering the high-end classic marketing that Clorox does,” explains Peddy competitors. Such markets, he argued, require a shift exotic sports car market. Murphy used multiple Khatami, MBA 02. Khatami started at Clorox as an “There may be sexier industries to be in,” Khatami says. in performance goals from profitability per product regression analysis (a statistical tool to forecast event to profitability per customer. assistant marketing manager, a position highly coveted by “But Clorox provides the foundation for a great marketing probabilities) that he learned at Haas to predict how recent MBA grads. Although he moved into a sales role at career no matter where you go.” many new sales Audi would gain from launching a P A S S I O N A T E S C H O L A R S Clorox last year, Khatami still uses his marketing training sports car with a V10 engine and how many sales and considers it invaluable. “You learn principles that you would cannibalize customers from its V8 line. Glazer is one of several Haas faculty members who can take anywhere and apply to anything,” Khatami says. have influenced the field of marketing with pioneering We were going to compete in a space we never had research. "The research culture of the faculty is focused before with customers coming to our brand from singularly on making path-breaking contributions Ferrari and Lamborghini, and we needed data to to marketing strategy and behavior rather than make the right decisions," says Murphy. "I was able to incremental contributions," says Professor Ganesh Iyer, present to the board what I thought the loss or gain in also co-chair of the Haas Marketing Group. sales would be along with model mix and the optimal price positioning. "We not only value the understanding of marketing problems through the development of theory, but "When the car launched, I was correct with my also empirical analysis that validates the theory or prediction," adds Murphy, who was promoted in uncovers phenomena," Iyer adds. September to head the company's strategy planning department. The president and CEO of Audi of Glazer, who joined the Haas in 1989, and Professor America cited Murphy’s strong analytical reputation in Emeritus David Aaker, who was at Haas from 1968 to the company in giving him the new job. 2000, are among the school's forward-thinking faculty who have helped turn Haas into one of the top-ranked THE FUTURE marketing schools in the world. Aaker is one of the world's leading branding experts and an award-winning Glazer believes marketing still has a long way to go author of more than 100 articles and 14 books. He in terms of taking advantage of the ever-increasing returns to Haas every spring to give a special marketing abundance of data. “We’re moving into a phase where lecture, and will return in 2011 to talk about his new the customer co-creates the product,” he says. Custom- book, Brand Relevance: Making Competitors Irrelevant, styled Levis and Nikes, customized computers from which will come out in January. Dell, and highly personalized news from Google are just the beginning of these types of marketing-driven While Glazer and Aaker have taught a generation of partnerships between firms and consumers that will students about marketing, a new cadre of influential power Glazer's "smart markets" future. scholars has picked up the torch. They include Professor J. Miguel Villas-Boas, who this year won In this future, a successful firm is the one that pulls up the INFORMS Society for Marketing Science's close to its customers, invites them inside, and takes inaugural Long-Term Impact Award for a ground- them where they want to go. With the marketing skills breaking paper that launched a significant change in that students develop at Haas, there's no doubt that marketing methodology. The paper, which Villas-Boas the school's alumni will be driving that success. CB co-wrote a decade ago, led marketers to incorporate a range of "marketing-mix variables" into strategic marketing plans. For more information about the Haas marketing curriculum, visit haas.berkeley.edu/marketing.html.

14 CalBusiness Fall 2010 Fall 2010 CalBusiness 15

Maggie Calonico, MBA 94 Author, Shakedown New York Your Haas Network Maggie Calonico, MBA 94, first delved into the world of business ethics at Haas, co-authoring a negotiation exercise on ethical debate Christina Ahmadjian, PhD 95 so heated that fellow students nearly came to blows enacting it. Business ethics continued to pique Calonico’s interest well after Dean, Hitotsubashi University earning her MBA and her subsequent vibrant career on Wall Street, Graduate School of International Corporate where she most recently worked as a managing director at Bear Strategy Stearns. Tokyo Today, Calonico is using the age-old question of right vs. wrong as a Christina Ahmadjian, dean of one of Japan’s top business platform to further another one of her passions: writing. schools, has tested the global glass ceiling since her early days In 2005, Calonico voluntarily left her job at Bear Stearns to con- as an “office lady” serving tea to Japanese executives. sult and spend more time writing. In May, her first novel, Shakedown Her tenure as dean of Hitotsubashi University Graduate (Lenox Road Publishing, 2009), won a Benjamin Franklin silver award School of International Corporate Strategy (ICS) began on April for best first fiction book from the Independent Book Publishers 1, but she joined ICS as a professor in 2001. Surprisingly, being Association. Shakedown was also selected as an Indie Next List “Great Japan’s only foreign woman dean of a business school in a Reads” title by the American Booksellers Association. ’ male-dominated corporate environment is not a major issue. Shakedown evolved from a short story Calonico originally wrote for Promoting Japan’s still vibrant influence and creativity in global a writing workshop. Calonico formed her own publishing company to business is the greater challenge. Building stronger networks in produce the book. Asia is key, says Ahmadjian, and a major goal for ICS. Focused on a fictional San Francisco-based company, Shakedown Ahmadjian’s path to educator in Asia goes back to her is a suspenseful thriller that explores the motives and individuals international upbringing in the U.S. as the daughter of an Joe Duran, BCEMBA 04 behind a massive insider trading scheme—one with murder at the Armenian-American father and Swedish-American mother. An CEO, Founding Partner heart of it. interest in learning Chinese initially motivated her to major in United Capital Financial Partners Murder aside, it may not be so easy to answer other ethical East Asian Studies as an undergrad at Harvard. But it was her Newport Beach, CA dilemmas raised by Shakedown, Calonico says. These include professor, Ezra Vogel, and his just-published book “Japan as determining the extent to which a company’s ill-gained earnings are Number One,” about the country’s emerging business miracle, In a nine-figure transaction, Joe Duran, BCEMBA 04, sold his first mitigated by a vast global philanthropy and economic presence. that sparked her interest in Japan. After graduating magna cum company, Centurion Capital Management, to GE Private Asset “Wrongdoing can start small,” says Calonico, whose next book laude in 1981, she moved to Kyoto, taught English for a year, Management in 2001 at the age of 34. With a book deal and a non- focuses on an illegal human drug trial. “Varied motivations, good and and then found a job as an “office lady” for Mitsubishi Electric. compete clause, the Zimbabwe-raised Duran “had had an amazing bad, can feed it. Competitive and personal pressures can make it “I wore a uniform, served tea, and did all the office lady run, but didn’t know what to do next,” he recalls. difficult to observe ethical boundaries consistently.” things until I couldn’t take it anymore, even though they were Duran already had earned a chartered financial analyst (CFA) Calonico, who writes under the pseudonym Andie Ryan, believes it’s very friendly,” she says. “It was quite an experience.” designation but always felt the MBAs who worked for him knew time to look long and hard at the corporate and regulatory cultures and After getting an MBA at Stanford and consulting for several something he didn’t. After researching a few full-time graduate pro- pressures that gave rise to recent business scandals. “At some point in years, Ahmadjian entered Haas’ PhD Program, drawn by its grams, he chose the Berkeley-Columbia Executive MBA Program for their careers, managers will likely be asked or told to push an ethical or strong organizational behavior and Japan programs. “It was the its flexible schedule and academic rigor. legal limit,” Calonico says. “How do we prepare them?” late ’80s, and Japan was a very hot topic,” she recalls. “It helped me lay the groundwork for my new business without Her hope is that books like Shakedown will be used as tools to But following graduation, while teaching at Columbia sheltering me from the contacts I had built over the years," further examine the multiple underpinnings of such scandals and the Business School, Ahmadjian witnessed interest in Japan Duran says. different choices managers can make. plummet. “Professors at Columbia would stop me in the Now Duran is building yet another business, despite the chal- hallway and ask, ‘Now that Japan is over, what are you going lenging economy. At a time when the financial services industry is to do research on?’” she says. But she was still happily writing still suffering from the financial meltdown and resulting consumer on topics such as downsizing in Japanese firms and the auto wariness, Duran’s United Capital Financial Partners has been industry. Then, through a fellowship, she was able to study in acquiring smaller investment adviser companies in an effort to build Tokyo for one year. a national, centralized network of wealth managers, whose holistic “I really enjoyed my research, enjoyed living in Tokyo, and approach he hopes will redefine the way investors receive services. decided to stay,” she explains. “Our industry traditionally sells investment products; they don’t When ICS was founded in 2000, it was a pioneering sell a service that helps people live out their financial life,” Duran program for Japan, with classes entirely in English and an explains. “We deliver consistent service, just the way you want it, so international focus, while still part of the national university you’re adequately funded to live out your life goals as well as your system. “I think the most exciting thing about being at ICS is the financial ones.” unbelievable diversity, and creating a learning community out To date, the firm boasts 28 offices around the country, more than of students from all over the world,” explains Ahmadjian. “ICS is 200 employees, and $10 billion in client assets. Since its inception not necessarily rooted in American ways of doing business. We in 2005, United Capital has been one of the fastest growing financial teach global business.” services firms in the country. She then adds, “It’s fascinating for me to step back and In addition to building his own businesses, one of Duran’s favorite marvel that there are so many ways to organize business. Ten roles is that of an entrepreneurial coach. His book Start It, Sell It and years ago, everyone was talking about how, sooner or later, Make a Mint: 20 Wealth-Creating Secrets for Business Owners everyone would be doing business the American way. Instead, (Wiley, 2004) lays out his philosophies in an accessible, no-nonsense national and regional differences are as strong as ever. ’It’s very way. Duran admits it takes sweat equity to grow a business, but exciting to be in the middle of that.” alchemy and self-reflection play a role, too. “We are so accustomed with equating our identity as a person with our title,” explains Duran, who also has owned a yoga studio. CalBusiness Fall 2010 Fall 2010 CalBusiness 16 “But at the end of the day we’re not here to work, we’re here to live.” 17

Steven Sterns, MBA 91 Senior Manager of IT Your Haas Network Cisco, San Jose, CA In the tech world, some people “speak geek, others speak business,” says Steven Sterns, MBA 91, a man fluent in both. Redge Martin, MBA 77 That talent has taken Sterns’ career from a marketing job with a President and CEO local salami maker to a high-level IT position with networking giant Clars Auction Gallery, Oakland, CA Cisco. “I think of myself as a translator,” Sterns says. Sterns never aspired to the role of information technology An Old Master painting for $600,000. Three thousand manager; he majored in English and economics as a UC Berkeley cow-shaped creamers. Merv Griffin’s banquet table. Redge undergrad. Martin, MBA 77, has sold it all. His transformation from marketer to technologist began while As owner of Clars Auction Gallery, the West Coast’s working at a consulting firm that was struggling to computerize its largest independent auction house, Martin takes stock of operations in the late 1980s. “Before I knew it, I was pulling cable and everything from the oddball collections of reclusive great- writing printer strings (software instructions),” he recalls. aunts to works by famous artists. Clars gavels more than The hands-on exposure to technology was rewarding, but Sterns 2,000 auction lots monthly at its North Oakland Gallery, still opted to earn an MBA from Haas, realizing he needed a better with prices ranging from $25 to a record $750,000 for a grounding in business. He landed a job as marketing manager 1948 Tucker automobile sold last year. for Columbus Salame in Hayward, Calif., where he designed “We see people’s lives—things you won’t see anywhere the company’s distinctive logo featuring, who else, Christopher else,” says Martin, sitting in his office where paintings by Columbus. Sterns quickly donned a second hat, managing Columbus’ abstract expressionist Willem de Kooning and pioneering IT and Web operations. cubist Georges Braque lean against a wall, awaiting Since then, Sterns has amassed more than 20 years experience authentication. A luminous Mojave landscape by Maynard Wendye Robbins, BS 83 managing IT operations at such companies as Advent Software and Dixon—which fetched $110,000—is propped nearby. Founder and CEO, Limerick BioPharma Pure Digital, maker of the popular Flip video camera. As director of IT, Martin, who also acts as chief auctioneer and appraiser, South San Francisco, CA Sterns reported directly to Pure Digital’s CFO to help prepare for the has followed a career path as eclectic as his wares. An Clinical Assistant Professor, company’s sale to Cisco last year. After the sale, Cisco tapped Sterns Oakland native, he’d planned to take over his father’s travel Stanford School of Medicine, Stanford, CA this year for another challenge: creating the infrastructure for Cisco’s agency after graduating from Cornell University, but after a WebEx video conferencing unit. couple of years leading tours, he headed to Cal for an MBA. Wendye Robbins, MD, BS ‘83, has a rather unconventional method Sterns credits his MBA with giving him a distinct advantage as an He worked in finance for Ford Motor Co., and then switched of making major decisions. IT manager: “I couldn’t talk to a finance guy about the software and to bananas, spending three years as Dole Foods’ controller She has made a practice out of operating by instinct and making systems he needs if I didn’t understand finance.” And, he adds, the in Costa Rica and Colombia. Back in the U.S., he opened career moves before fully assessing risk. She sheepishly describes rigor of a graduate education “taught me to process huge amounts of two East Bay toy stores, but closed them after Toys “R” Us herself as a bit “ready, fire, aim,” using military terms from her summer data—in my brain, that is.” opened outlets next to both. cleaning Israeli military tanks during her undergraduate days. Grasping for direction, he sent out 2,000 résumés, But Robbins’ ability to take action and worry later has guided her landing a chance gig as a manager at San Francisco’s success. She graduated from Haas with only a desire to see the world. Butterfield & Butterfield auction house (now Bonhams & She applied to medical school on a whim and attended the Medical Butterfields). The work suited him, and after three years, he College of Pennsylvania, interned at the Hospital of the University of went to work for Harvey Clar, who had opened his gallery in Pennsylvania, and completed residency at Johns Hopkins University.’ 1971 and built it up to five employees and $1.5 million in Robbins was then recruited to join the UCSF faculty. But after five sales. Martin bought the operation in 1996 and profession- years there, she became frustrated by the bureaucracy of medicine. alized it by adding 10 specialist appraisers. He now boasts She envisioned a career as a biotech entrepreneur. 22 employees and annual sales of $10 million. “By then, I could take risks,” Robbins recalls. “My husband fully Martin’s inventory comes largely from estates and supported my interests.” individual consignors, as well as the occasional museum Robbins started her first company, NeurogesX, based on her sell-off. With simultaneous online, phone, and live research. “I found great mentors,” she says modestly. “Despite my auctions, bidders can raise their paddles from around the inexperience, I raised money.” Indeed, she had raised $67 million by globe—making it possible for Clars to handle pieces that the time she left the company in 2003. The company went public in previously would have gone to bigger shops like Christie’s 2007, and the FDA approved her original product in 2009. or Sotheby’s. Robbins joined the Stanford faculty and simultaneously started her “The Internet has been the biggest, most positive second company, Limerick BioPharma, in 2004. With 18 employees change to our business in 100 years,” says Martin. “If you currently, the company has raised $35 million and has strong board and have the right piece and the right promotion, it will get a scientific support and a growing patent library. Limerick’s lead drug is top price.” designed to reduce destructive side effects associated with transplants. Best of all, auctions are recession-proof. “This industry A second focus is to develop drugs to treat disorders of lipid accumula- will always be around, since we provide a service,” Martin tion, including excess cholesterol and other inherited diseases. says. “Even if the economy is in the dumps, if someone “I love translating promising science into opportunity for patients,” walks in here with a Warhol or a Picasso, I’m going to have she says. “Biotechnology involves so many different activities— a hell of a year.” developing experimental plans, designing development strategy, building teams, working with the FDA.” Robbins is particularly grateful for the experiences she gained at Haas in team building and finance as well as the group leadership opportunities. Robbins adds, “I feel so fortunate that Haas gave me CalBusiness Fall 2010 Fall 2010 CalBusiness 19 18 the skills and knowledge to launch my unconventional career.” Upcoming Events haas.berkeley.edu/events

BERKELEY The Campaign for Haas November 19 Asia Business Center Shanghai Conference Berkeley Finance Conference BERKELEY To Highlight Innovation – March 22, 2011 November 20 “Leading Through Innovation in Asia” is the theme of the second annual conference being Big Game Tailgate Ask the Donors organized by the Haas School’s Asia Business Center, to be held at the Shanghai Peninsula Hotel on March 22, 2011. Among the confirmed keynote speakers are 2009 Nobel Laureate and BERKELEY Frank: While I was in the Air Force, I learned about the Haas Professor Emeritus Oliver Williamson and Haas alumnus Joe Jimenez, MBA 84, December 9 A Glittering, Global Career stock market and fell in love with it. To do it well, you need to CEO of Novartis. Old Blues Luncheon Brings Intellectual Diversity to Haas be conversant with the entire world, and know that what’s Williamson will talk on the theory related to innovation within NEW YORK really important is on Main Street, not Wall Street. As I pro- an organization, drawing from his path-breaking work on the Ambassador Frank E. Baxter, BS 61, is December 15 gressed through various jobs, it served me very well to have boundaries of a firm. Williamson pioneered a new way of chairman emeritus of Jefferies and Company Inc., a Winter Celebration in Times Square global investment bank focusing on small and midcap a theoretical background and to understand both micro- and analyzing business enterprises, through the lens of transaction macro-finance. It’s a good context for the practical world. companies. After a decade with that firm in the U.S., cost economics. Williamson’s framework has been applied to a SAN FRANCISCO firm’s “make-or-buy” decision—whether to outsource or produce he moved to London to start and manage Jefferies : How did serving as ambassador to Uruguay inform January 26 Q something in-house—as well as many other situations and International. He later launched a new subsidiary your outlook and ideas? How important is global 9th Annual SF Celebration enterprises beyond the firm. at Gap, Inc. called Investment Technology Group and served experience to a business education? as director of the National Association of Securities Frank: My Cal experience and my economics degree Jimenez, the first American to lead Swiss giant Novartis in its SILICON VALLEY Dealers and later on the board of NASDAQ Stock helped me there, as well. Being an ambassador called 14-year history, will talk about innovation in practice within an February 16 organization. As CEO of Novartis, Jimenez oversees a company Exchange as a member of its executive committee. upon every stage of my life. I had worked overseas before, 12th Annual Student-Alumni with $44 billion in annual sales and nearly 100,000 workers in In 2006, President George W. Bush appointed in a regulated industry, working with bureaucrats and Networking Event at Menlo 140 countries. Before being promoted to CEO in January, Jimenez doing sales. Now I was selling a wonderful new product— Circus Club Baxter U.S. Ambassador to Uruguay, where he led Novartis’ Pharmaceuticals and Consumer Health Divisions and the ! I learned how important culture is—to Professor Teck-Hua Ho, served for two-and-a-half years. Now, he and his Director of the Asia previously worked at Clorox, ConAgra, and H.J. Heinz in both the BERKELEY presume to understand another culture is very challenging. wife, Kathrine, have created the Baxter Family Business Center U.S. and Europe. February 25 Distinguished Fellowship Fund at the And I learned how tremendously lucky I was to have been Latin American Business Haas School to bring diverse, born in this country—again, a greater appreciation for that Additional speakers will include Xiaoguang Huang, China country head of Bank of Conference random act. America, and Wei Sun Christianson, president of Morgan Stanley China. The leading-edge academics to conference lineup from Haas will feature Dean Rich Lyons; Professor Teck-Hua Ho, director NEW YORK our campus. Q: Are you familiar with Dean Rich Lyons’ new strategic of the Asia Business Center; and Professor Michael Katz, director of the Haas School’s March 5 : You were born in Baxter, plan for the Haas School? If so, with which of the four Institute for Business Innovation. Haas faculty will moderate two panels, which also will take Inaugural East Coast Alumni Q Conference California – originally a stage- defining principles do you most identify? questions from the audience. coach stop between Reno and Frank: For me, it’s Question the Status Quo. Always. And For more information or sponsorship opportunities, contact Jeanne HuangLi at BERKELEY Sacramento called Baxter’s Stop question my own assumptions. I have a big toy dinosaur in [email protected] or visit asiabusiness.haas.berkeley.edu. March 5 after your great-grandfather. my office that says, “Adapt or die.” 15th Annual Women in Leadership How did your path lead Conference Q: Can you give an example of how you’re questioning from Baxter to Berkeley in the status quo? the late ’50s? BERKELEY Frank: This country’s K-12 schooling is one of our great March 12 Frank: I’ve found that tragedies—future generations are being deprived of a 5th Annual Business of Healthcare almost everything in life great education. My life’s obsession has been to try to Conference is random. I came from a bring excellent education to as many inner-city children town with one hotel, one SHANGHAI as possible. I’ve helped to develop 20 charter middle and restaurant, and a post March 22 high schools and prepare those students for university. So office. Then, when World Asia Business Center Conference far all of them have graduated from high school, virtually War II came along, my all are going to college, and about 90 percent are going to BERKELEY father worked on construc- four-year colleges. April 14 tion jobs along the West 13th Annual Public Leadership Coast, so we lived in a number Q: Your recent generous gift has created the Baxter Dinner of different places. I attended Family Distinguished Fellowship Fund to bring diverse Chico State, Sacramento State, academics to our campus and strengthen our study of and then Cal, which was pretty free-market theory and entrepreneurial discovery. What docile while I was there. This inspired you to make this gift? was before the Free Speech Frank: I’ve always wanted to support Haas—it’s a unique Movement—we were called the institution worthy of my support. The campus is strongly Silent Generation. committed to diversity, and intellectual diversity is as impor- tant as any other kind. I’ve recently felt that free markets Q: You graduated from Cal with a have gotten a very bad rap during the latest economic crisis, degree in economics. Can you talk about and thought it might be a good idea to have people who are the role your Berkeley education played in conversant with free markets to come teach about them. your banking and executive career? The university should be a cauldron of fresh ideas.’

20 CalBusiness Fall 2010 Fall 2010 CalBusiness 21 H a a s W o r l d w i d e E v e n t s

5 Haas alumni were kept busy last spring Washington Post commentator Stephen with a host of special events worldwide, Pearlstein was the featured speaker at the 17th culminating with a weekend of Alumni annual Business Forecast Luncheon held June 9 at the Palace Hotel in San Francisco. Reunion activities on or around the Berkeley campus in April. 6 Attending the Business Forecast 1 Luncheon were many future Berkeley MBA New Class of 2010 MBA graduates were graduates, including Joseph Rehrmann, Bill moved to song at their commencement Goldman, Heidi Maierhofer, and Tyler Girimonte, celebration on campus May 14. all from the class of 2012. 2 Gap CFO Sabrina Simmons, BS 85, gave the 7 Don Fraser, MBA 62, Cal Business Alumni undergraduate commencement speech at the President 1973-75, and JoAnn Dunaway, Greek Theater May 19. Philanthropist and private MBA 92, Haas Alumni Network President equity financier Richard Blum, BS 58, MBA 59, 1999-2000, reunited at the annual Former was the MBA commencement speaker. 1 2 5 6 CBA/HAN Presidents Dinner at the 3 Men’s Faculty Club on June 8. The eighth annual Haaski Invitational Golf Tournament was held at Oakland’s Claremont 8 Three generations of leadership: Dean Country Club on May 10, raising $72,000 for the Rich Lyons, Dean Emeritus Earl F. “Budd” Cheit, Haas Fund through live and silent auctions. Among and former Dean Laura Tyson attended the the players teeing off wereTracy Knott Baldwin, annual Former CBA/HAN Presidents BCEMBA 04; Pat Galvin, MBA 02; Nobel Laureate and Dinner in June. Professor Oliver Williamson; and Grant Inman, MBA 69.

4 Dean Rich Lyons made his first official trip to Europe in June, where he met with alumni, new admits, prospective students, and media in Zurich, London, and Berlin. He posed here with Senior Haas Development Director Jeanne View more incredible alumni photos online: HunagLi (front left) and Haas alumni after giving a haas.berkeley.edu/alumni/events. presentation on “path-bending leadership” on June 5. 3 4 7 8

When thinking about our defining principles, I always In Your Words: Haas Culture come back to the Parable of the Talents, which has marked me very strongly over the years. This story tells us that no matter how many our initial talents are, we Students always. ought to make the most out of them and multiply our From Vietnam to Venezuela, the Confidence without attitude. gifts. We should be “Students Always” if we want to Haas Alumni Network currently continue to develop and grow. has 26 chapters and 61 regional Question the status quo. This guiding principle was the one that moved me out of representatives around the Beyond yourself. Chile, looking for the best place to continue growing in Connect with globe. Use your network to expand every dimension I could. My decision to come to the your Berkeley connections—whether Haas School proved to be one of the best of my life. you’re traveling, relocating, or just From the first days at Haas we were invited to get involved. It was up to each of branching out in your own hometown. us, the same way the master asked the servants in the parable, to pick up the To share your story or Haas Alumni challenge and grow our talents. Haas gave me the opportunity to get involved To learn more about Haas happenings in the MBAA, multiple student clubs, the Young Entrepreneurs at Haas to read those from in your part of the world, contact fellow alumni, visit Alumni Relations Director Leslie program, and even as a graduate student instructor. I didn’t know it at the time, Around the Globe but all these activities gave me as much as, perhaps even more than, the regular ourhaas.org. Kanberg at [email protected]. courses of the curriculum. To meet new Haas alumni wherever you are, visit Now, almost ten years later, I can see that we were able to distill our school essence through the defining principles at Haas. It is clear to me that these are what make Haas special, but, as with the talents in the parable, we are all going to be asked one day what we did with them. The graduates who continue to learn and build on their Haas education will create abundance in their lives. It’s in our nature to make a difference. chapters.haasalumni.org Marcelo Vásquez, MBA 02

22 CalBusiness Fall 2010 Fall 2010 CalBusiness 23 Edinburgh. He writes, “Great visit; Jose doing software work for their Council. I find it a wonderful chal- 1983 she is doing well. The day before mainframe computers. I am on the lenge to raise funds for our school The stock market’s recent focus leaving, I fell and broke an arm. advisory board of InternetSpeech, so that a legacy of progressive and on corporate governance mat- Got a good introduction to the and perform backup customer innovative excellence continues to ters has kept activist investor and Scotland Health Care System. Not support, and lead their booth in exist at this magnificent public uni- governance specialist, Andrew all bad.” shows on a part time basis. Their versity for many years to come.” Shapiro, BS, busy traveling sales have been static in the US, but the country speaking on gover- 1959 they have opened markets in Asian 1969 nance reforms and his unique countries: Thailand, India, Brunei, activist investing style. He recently Eduardo Colmenares, BS, China, etc. I am the secretary of Barry Gilbert, BS, see MBA of Bolingbrook, Ill., writes,”This 1977 notes. presented at UCLA Anderson’s News from Haas Alumni the BAIALC Lions Club based in Director Education & Certification summer I was given the great news the South Bay area, which meets Alumni NotesSubmit your news online at Alejandro Stolarski, BS, Program on “Activist Shareholder that the University Francisco de monthly. My son, Jay, is a structural http://haas.berkeley.edu/alumninotes see MBA 1971 notes. Dialogue” and also served on a Paula Santander, Cucuta, Colombia, engineer, who helped in the con- has reached 15,200 in enrollment. panel, “A Growing Governance struction of Sutardja Dai Hall on Role for IR,” at the National Investor we celebrated our 56th anniversary The university was co-founded the UC Berkeley campus, which 1970 Undergraduate in July; there are five children, 22 Relations Institute 2010 Annual by me in 1962, and was formally contains the CITRIS Center for Gisela Franken-Ohlemutz, Haas Alumni Serving You grandchildren, and four great-grand- established by state government Conference. Andrew and the firm Information Technology Research BS, see MBA 1972 notes. he founded in 1992, Lawndale Haas students and alumni are known for their ability 1940 children. Four of our kids attended charter the same year. Never in in the Interest for Society and other and graduated from BYU, one with Capital Management, are based in to collaborate and manage diverse teams. They David Rea, BS, of Stockton, my life did I think that what started offices. My daughter, Amba, is busy a JD, another with an MBA. One the San Francisco Bay Area, in the typically demonstrate flexibility and winning inter- Calif., writes, “In my 91st year, my as three classrooms and a small as a mother to 2-year-old daughter 1975 daughter swam on the Cal women’s picturesque town of Mill Valley. personal skills. Nowhere was this more evident than wife and I still enjoy travel, visits group of volunteers would turn out Linden, and equally busy selling Frank Sperling, BS, see swim team and married the captain at this year’s “Taste of Haas.” with our three kids and four grand- to be what it is today—the best and properties for Coldwell Banker in MBA 1977 notes. of the men’s team. I am presently children, and lots of reading and largest university in the state. I owe Santa Cruz, Calif. Amba, husband 1985 Thirty-one alumni from the four powerful Bay associated as of counsel with a playing bridge.” this great moment in my life to UC Marc, and baby Linden, vacationed Christa Pedersen, BS, Area alumni chapters united to plan the large law firm in Salt Lake City. As Berkeley, completely and totally. My to Mexico in May. Jay is engaged to of Danville, Calif., is currently an a short summary of a lifetime of much-anticipated event, which sold out in just love for Berkeley and my gratitude Alyse Bertenthal, a San Francisco account executive with Robert Half work, this is as accurate as I can over a week. More than 400 alumni and Oski socialized and sampled 1950 for how much it shaped my life lawyer. They climbed Mt. Whitney International. She was recently make it. But, the point in my writing the food and wines of fellow Haas alumni at the Williams-Sonoma Mimi “Mary” (Renard) and work make this new university, together in March and Grand Teton engaged to Larry Dodd, a former is to note the passing of Professor flagship store in San Francisco. The networking event featured cooking Knox, BS, of Alamo, Calif., clearly, ‘Berkeley’s child.’” in late July.” co-worker and business consultant Cowee. I still remember his class in demonstrations and a culinary competition between Professor Michael writes, “Join us for the Class of at Arthur Andersen and Co. She insurance law. A marvelous teacher, Katz, director of the Institute for Business Innovation, and Adam Berman, 1950 60th Reunion 11:30 a.m. writes, “Larry and I are available for he also impressed me, even then, 1962 1968 BS 85, executive director of emerging initiatives at Haas. Dean Rich Nov. 19 at the Claremont Hotel in speaking engagements on topics, as a genuinely kind man, one who Paiboon Bencharit, BS, of Lyons served as one of the judges. Berkeley. For further details e-mail Peter Meeks, BS, of such as leadership and change knew his stuff, but loved sharing Bangkok, Thailand, is semi-retired [email protected].” Scottsdale, Ariz., writes, “This management; and managing for his passion for learning at least as and plans to pass on his fiberglass The Bay Area chapters aren’t alone in organizing great alumni events. has been a great year for Haas growth and turnaround strategy. John Robert “Bob” much. He challenged his classes boat manufacturing business to his Up and down the West Coast, alumni work together to welcome new fundraising. Working with great We also run a weekend couples White, BS, of Palos Verdes to learn the materials presented, daughters. graduates to LA, San Diego, OC, and Seattle. The alumni chapters alums paid off and we collectively workshop for couples considering Estates, Calif., and his wife, Marilyn, but more importantly, how to solve also organize thought-provoking, content-rich events and partner with achieved the school’s goal in very starting or ending a marriage. For spent two weeks in Germany problems. He was well regarded other groups to support local environmental and educational causes. difficult and challenging times. Go more information, contact me at and Prague. They visited Berlin, and a popular professor at Boalt. 1964 Haas! I plan on retiring from my [email protected].” The Haas School’s newest alumni chapter is now forming in Portland, Potsdam, Wittenberg, Desden, His elective insurance law classes Schuyler Bailey, BS, see Oregon. Led by Michelle Janke, MBA 00, the group—already more than Prague, Vienna, Salzburg, Munich, were always full of law students MBA 1965 notes. David Allen, BS 77 20 strong—looks forward to creating opportunities for alumni to meet and Oberammergau, where they who enjoyed his warmth and humor 1988 one another as well as to learn and work together. saw the 2010 Passion Play. (characteristics that were in short 1965 1977 Alan Seigrist, BS, see MBA supply in law school) as well as the Vijay Kumar (Pandit), BS, David Allen, BS, writes, “Just 1996 notes. Look for more Haas happenings in Washington, DC, and Boston in subject matter. Among other things, of Mountain View, Calif., writes, a quick note to share this fabulous the coming year. Elizabeth Singleton, MBA 08, has graciously offered 1954 Professor Cowee, with compassion “After graduating, I did actuarial (?) picture! Still hanging in there at to oversee the DC chapter, taking over for new mom Michelle Walker Eugene Bramhall, BS, of and understanding, encouraged 1990 work and passed three Society 60. Believe it or not the t-shirt was Musgrove, MBA 02. Long-serving George Reitter, MBA 70, tapped Provo, Utah, writes, “As an under- a classmate to complete his law of Actuaries exams. After that I a coincidence.” Kevin Brown, BS, see MBA Tim Gray, MBA 05, for the leadership role in New England. graduate at Cal, I took a class in degree when the outcome might joined IBM, later their competitor 1996 notes. insurance law from Professor John have been different. Other profes- This year winds down in New York with Haas’ Winter Celebration in Memorex, finally working for IBM’s Cowee. That, along with a class in sors have come and gone, but the 1978 Times Square on Dec. 15. We will kick off the new year in New York on competitor BMC for six years Peter Meeks, BS 68, and wife labor law from Professor Votaw, per- news of Professor Cowee’s passing David Stone, BS, see MBA 1992 until 2005. I worked in 2006 for Linda Kazares March 5 with an inaugural, all-day conference where you can quench suaded me that my career was not has reminded me of my debt to Cal 1979 notes. emael (formerly Ernesto your intellectual curiosity and connect with Dean Rich Lyons and other to be found in accounting. After two InternetSpeech, then worked as and of the importance of an under- partnership position at BDO USA, Arellano), BS, will be high- Haas thought leaders. years in the Army in France, and a a consultant for IBM in 2007 at graduate business program with a LLP on June 30, 2011. Until then, lighted in Galería de la Raza’s year with Shell Oil in San Francisco their Silicon Valley Labs in San 1981 great faculty that made all that fol- I am continuing my work as an forthcoming anniversary catalog Outside the USA, networking and lifelong learning events are planned by (in accounting!), I attended Boalt Joann Weiner Martens, lowed possible.” alliance relationship partner with celebrating its 40th year as an inter- 14 international chapters. For more information about what Haas alumni Hall, graduating in 1960. After BS, of Washington, D.C., BDO in the West and Southwest disciplinary Chicano/Latino space chapters are planning for you, go to haas.berkeley.edu/alumni/chapters. practicing law in California and the writes, “I’m teaching at George region of the country. BDO USA for art, thought, and activism. He To start a chapter in your city, contact me at [email protected]. western Pacific for 17 years, I joined 1956 Washington University in the will be celebrating my retirement was also the curator for Celebrate! the Office of General Counsel at economics department and the We hope to see you at a Haas Alumni Network event soon. Lorimer Olson, BS, of and their 100th year celebration in San Francisco, a contemporary art Brigham Young University (BYU) business school. I also joined the Phoenix, Ariz., a former nursing November this year—I’m not quite exhibition running from September Warm wishes from Berkeley, in 1977, where I retired as gen- board of a not-for-profit group called facility administrator in Arizona that old yet. I continue to regularly 8 to October 9, 2010. For more eral counsel at the end of 2000. Community Tax Aid that assists Leslie Kanberg and California, recently spent three visit the Haas School and my five information, please visit: icelebrate- Among other things, I taught as an low-income taxpayers with their tax Director, weeks in Scotland visiting Kimberly, grandchildren who reside on the mycity.com. adjunct in BYU’s MBA program for returns and other tax problems. And Alumni Relations a granddaughter about to earn Peninsula (mostly Cal fans). I plan 10 years and lectured at the law I write regularly for PoliticsDaily, a master’s degree in the School on continuing my involvement from school. I met my wife at Cal, and which is an online daily newspaper of Theology at the University of Vijay Kumar (Pandit), BS 65 afar on the Haas Development that you can find at www.politics- daily.com.” 24 CalBusiness Fall 2010 Fall 2010 CalBusiness 25 Undergraduate

Our pilot bakeshop is close to our Submit your news online at Walter Gordon, BS, of http://haas.berkeley.edu/alumninotes Modesto, Calif., writes, “Been home in Kaysville, Utah. We ship busy this summer heading up our gluten-free baked goods, baking expansion in the Central Valley for flours, and baking mixes across Alumni Notes newly public company Primerica the US. Visit us at www.sweet- (PRI). Jaisica and I have been hap- cakebakeshop.com and join us on pily married for seven years and Facebook.” are expecting our third child this month.” 1996 Haas Alumni Accolades Eleen (Hsu) Agustin, BS, writes, “I never thought I’d land in Awuah Named Among Gilbert, Wins Top Larson Receives retail, but last November I opened a brick-and-mortar shop of my Most Creative People Teaching Award Pioneer Award Michael Cheang (front left in Athletics t-shirt), BS 98, participates in a volun- own in my hometown of Alameda, teer construction project with youth for an organization called World Changers. Patrick Awuah, MBA 99, Thomas Gilbert, PhD 08, an Lester Center Advisory Board Calif. The shop is called Modern president and co-founder of assistant professor of finance at member Jack Larson, BS 73, Mouse and was recently described father. In addition to that, I am also 1998 Ashesi University in Ghana, the University of Washington was honored with the Imagine in Alameda Magazine as ‘part art working on the first draft of a novel Michael Cheang, BS, of was named one Foster School of Business, won America Foundation’s 2010 gallery, part retail store.’ We feature I started just over a year ago. In my a fresh and exciting collection of Newark, Calif., writes, “This past of the 100 most the 2010 Paccar Award for Pioneer Award in recognition of free time, I do volunteer work with apparel for men, women, and chil- July, I took some time off from my creative people in Excellence in Teaching, the his innovative leadership and various children’s organizations work schedule to participate in a dren; home decor; personal acces- and work out and play basketball as business in 2010 school’s highest teaching honor. outstanding contributions to volunteer construction project in sories; special occasion gifts; and often as possible.” by Fast Company Gilbert joined the Foster postsecondary education. Metzler Book Shares more—made by local and indepen- Clovis, Calif., for a Christian orga- magazine. School in 2008 after earning his Larson is the founder, Consulting Tales dent designers. It’s been a fun and nization called World Changers. A total of 300 youth and adults PhD from Haas, where he won chairman emeritus, and former Walter Gordon, BS 92, with wife exciting challenge and a perfect 1997 Awuah ranked Jon Metzler, MBA/MA 01 Jaisica at last year’s California blend of my experience in busi- Jeff Bowerbank, BS, of from different areas of the country 87th on the Fast the outstanding graduate president and CEO of Career (Asian Studies), and his father, International Marathon in went to Clovis to serve the com- student instructor award Education Corp. Sacramento ness (10-plus years of consulting Concord, Calif., is the director of Company list, which Richard Metzler, released a new and Web project management) corporate accounting at Charles munity by fixing up low-income three years in a row. The (CEC), one of the was published in book earlier this year called Peter Yu, BS, writes, “It’s and design (two years of selling Schwab. He’ll be celebrating 10 houses. Currently I’m working Foster School’s Paccar world’s largest in the accounting and finance the magazine’s The Wisdom of Wizards, which been over two years since moving handmade bags and accessories years there this fall. Patrick Awuah, department at New United Motors MBA 99 June issue. award, named for a Seattle- online and features interviews with 35 to Hong Kong with Oracle and on Etsy and in local craft fairs), and Ray Madronio, BS, of Manufacturing Inc. (NUMMI). I will Awuah, who was based technology company, on-campus leading management taking on Asia-Pacific strategy I couldn’t be doing it without the is selected by a panel of providers of and planning. I’m currently GM for emotional—and technical—support New York, writes, “I helped start be looking for other job opportuni- born in Ghana, left a lucrative consultants whose careers ties after my work assignment Foster MBA students. private, for-profit and incubating a portfolio of four of my husband, Jimmy Agustin, www.LocalBigwig.com, a unique career at to enroll at represent nearly 1,000 years of marketplace for short-term home at NUMMI ends later this year. Gilbert’s Paccar Award- postsecondary acquired businesses. Unlike big who’s also a Cal grad from the the Haas School because he experience. rentals. I love New York, but I still If you know of any accounting winning performance came education. The acquisitions that make headlines, EECS undergrad program. Visit believed a business education Through the interviews, the there are many medium-to-smaller us at www.modernmousegifts. regard the Bay Area as my home. and finance opportunities, please in his first year leading the annual Pioneer would bring him closer toward Jack Larson, BS 73 Metzlers create a collection of U.S. and European acquisitions com and www.facebook.com/ I am excited to attend Cal at New feel free to email me at michael- realizing his dream of founding a Foster School’s MBA core Award recognizes stories, anecdotes, insights, and that have never played in emerging ModernMouse. Go Bears!” York events, including one last night [email protected].” university in his native country. finance class and its diverse exceptional leadership and lessons from the “wizards” of the markets and need to be piloted with Coach Tedford and Oski.” group of students entering with support in the career college While at Haas, Awuah’s idea consulting profession, most of and nurtured like a startup. Anyone Sanjog (Singh) Sikand, 1999 for the university became a between zero finance sector. whom were at the partner or interested in growing technologies BS, of El Cerrito, Calif., writes, Tricia (Phuong) Tran, BS, into new markets, let’s compare student project in the school’s experience and five years in Larson led the growth of managing director level. The “After 13 years, two children, and and Travis Darrow (BA 98), of Hong notes.” International Business investment banking. “He kept CEC and expansion of its interviews are organized around stints at three Bay Area technology Kong, are excited to announce Development Program. everyone challenged—both degree and certificate programs themes such as “How We Got firms, I am enjoying a career with the birth of their daughter, Kaylin Sukhi’s Gourmet Indian Foods, the Darrow, on April 11. They continue Classmate Nina Marini, investment nationally and internationally. Started,” “Dealing with Clients,” 1994 family business. The ethnic food their Asia regional roles in financial bankers and Under his leadership, CEC and “International Projects.” Lawrence “Larry” Fox, MBA 99, worked on the category is growing and so is the people new to acquired and developed many BS, of Richmond, Calif., writes, services and IT. She writes, “This project with Awuah and Jon Metzler is founder and business. Sukhi’s donates food year Travis was also honored with finance,” wrote renowned brands, including Le “Life has been very busy. I success- joined him in founding the president of Blue Field to any local charity, so next time fully completed the organization the Bradford S. King Award for his one nominating Cordon Bleu Schools North Strategies, a consulting firm you host a nonprofit event in the university in 2002. She is and celebration of my 20th high grassroots work with alumni in student. America, Brooks Institute of Bay Area, be sure to contact us at now a member of Ashesi’s specializing in wireless school reunion. Enjoyed time with Hong Kong, and is about to com- Gilbert also is Photography, and Colorado [email protected]. The experi- board of trustees. communications, regulatory, my family at the annual Cal Day on plete a China focused MBA here ence of working with family and Awuah’s mission was to renowned for his Technical Institute. He also and public safety issues. His campus and really got my kids to in Asia. Best regards and go Bears! running a business while balancing ([email protected], travis. create a new kind of liberal accessibility and pioneered the company’s father, Richard Metzler, boasts a see the school in a way other than a growing family of my own is darrow@.com).” ability to explain unique virtual campus. 29-year career in management a quick drive-by. I have had some arts university to be the amazing and overwhelming at the Thomas Gilbert, the trickiest As a Lester Center Advisory interesting work projects, but am spark of a revitalized Africa PhD 08 consulting, working for several same time. I feel blessed to have an concepts. Board member, Larson has been still looking for a full-time HR job and a catalyst for new years in the airline and utilities Eleen Hsu, BS 96, with husband inspiring boss (mom) and a great 2001 in the area. Looking forward to a Jimmy Agustin, BS 98 (EECS), at the (Berkeley MBA students an important contributor to industries. team (including both siblings and Jeremy Miller, BS, of New enterprises, new solutions, and great fall season. Go Bears!” Renegade Craft Fair in San Francisco a model for other universities. nicknamed him “Is It Clear?” in entrepreneurship at Berkeley. The Metzlers are donating all last year great co-workers). It’s precious to York, writes, “After graduating in May 2010 with my MBA from “Only 5 percent of college-age honor of his comprehensive In 2008, he created the Jack proceeds from their book to the work with family the whole week , I launched my students in Ghana are enrolled elucidations.) His research Larson Scholarship, presented Foundation for Excellence in 1995 Robert “Scott” Boyer, BS, and still look forward to seeing them on the weekend. We live close business, FSAStore.com, which is in college. It’s a low number, and explores the complex vagaries annually to students interested Management Consulting, a Dan Reagan, BS, writes, of Los Angeles, writes, “For the past “Launched Sweet Cake Bake Shop, to Cal, giving me many opportuni- the only website catering directly to it needs to grow,” Awuah told of the financial markets. in an entrepreneurial career who nonprofit founded by the 13 years, I have been working as an entirely gluten-free bakery, with the business manager for a small, ties to recall the wonderful years I flexible spending account holders. Fast Company. may have faced obstacles to Association of Management my wife Allison, a fellow Cal grad. independent insurance brokerage had there.” We received startup capital from attend Haas. Consulting Firms, to provide I own and operate alongside my scholarships to MBA students.

26 CalBusiness Fall 2010 Fall 2010 CalBusiness 27 MBA

since graduation, but I’ve really didn’t give a damn. I hitchhiked to th president on the board of direc- Submit your news online at 1966|45 REUNION 1972 enjoyed the work, people, and the Berkeley to attend UC. That was tors of the Moraga-Orinda Fire http://haas.berkeley.edu/alumninotes APRIL 28-MAY 1, 2011 Gisela Franken- industry. I guess I got lucky. My wife, the best decision I ever made. One District (an elected position) and Ohlemutz, MBA, of Oakland, Connie (BS, Integrative Biology, of my teachers was Clark Kerr, who I’ve recently been asked to extend Lee Chaden, MBA, of Calif., writes, “Since retiring in Alumni Notes 2005), has embarked on a new was then engaged in mediating my tenure on the CAA board for an Winston-Salem, N.C., retired as May 2006 as CFO/CAO from career as a family, children, and the dispute between Harry Bridges, additional year.” chairman of Hanesbrands Inc, a Mathematical Sciences Research wedding photographer (www.con- president of the Longshoremen’s spinoff of Sara Lee Corp. in Dec. Institute (MSRI), a dream job, I niesithi.com) and is also obtaining Union, and the ship owners. I 2008. He still serves on the board have been busy playing tennis, the school to help launch the her Montessori teaching credential. asked him how it was to deal with 1979 of HBI, RR Donnelley, and Carlson volunteering, and traveling. My business and currently have over Meanwhile, our parents continue Bridges, reportedly a Communist Lori “Mary Lorain” Companies, as well as serving on husband and I recently celebrated 80,000 families signed up to our to bug us about their first grandchil- whom the U.S. had tried to deport Gibson Banducci, MBA, is several local not-for-profit boards. our 30th wedding anniversary with program. It has been busy as I also dren. We hope to see you at any Cal to Australia. ‘Much easier than the co-founder of a nonprofit called He writes, “I’m happy to have cel- a wonderful cruise from Venice to have a 15-month-old! Feel free to games this year. Go bears!” with the ship owners,’ said Kerr. Artisans4Hope in Boise, Idaho. ebrated my 41st wedding anniver- Istanbul and back. We continue reach out: [email protected] or He worked out an agreement A4H works with the local refugee sary with my wife Shelby and I’m to enjoy living in the Oakland hills visit the site at www.fsastore.com.” Fennie Wang, BS 06 that would allow containers community to provide opportunity 2006 enjoying life in Winston-Salem, the with our two cats.” to be moved from the ships to for artisans to make and sell their city of arts and innovation. Have Gregory Huang, BS, of designing product schemes and awaiting trucks without having hand-crafted products. The non- 2002 two terrific adult daughters (sorry, Irvine, Calif., writes, “After working building business relationships. to be unstuffed then reloaded by th REUNION profit provides artisan refugees George Chen, BS, has been both Trojan grads) and a beautiful 1976|35 at the Blackstone Group in New I returned to New York in August the Teamsters. In return, the union APRIL 28-MAY 1, 2011 with sewing, knitting, and ESL in the investment banking industry granddaughter. Life is good.” York for two years, I wanted to see if to attend law school at Columbia instruction. Lori writes, “Our vision since graduation. After working in was promised that they would lose I could make it as an entrepreneur. University.” no jobs. The ship owners put up is to create an artisan cooperative Minneapolis and Los Angeles, he Last summer I started drinkwel, that is run and managed by artisan is now a vice president based in $1 million as a deposit, but traffic 1968 the first multivitamin specially increased so much that nothing refugees. We hope to help artisan San Francisco as part of Deutsche formulated for people who drink 2007 Marvin Lamoureux, refugees contribute to the financial was ever paid from that fund. I MBA, of West Vancouver, BC, Bank’s Mergers and Acquisitions alcohol. The product launched in Nicole Anand, BS, writes, stability of their own families and learned more from Kerr than from Canada, writes, “After turned 70 Group. He also recently finished his May, and has been featured on “After graduating from Berkeley in to create understanding and con- any other teacher I ever had. I this past May, I am in the process journey of visiting every active ball- numerous blogs, radio stations, business and development studies nections within the larger Boise now have two wonderful great- of reducing my international park in Major League Baseball. and even NBC’s The Today Show. in 2007, I worked for Google for a community. As a former Kiva Fellow, granddaughters, and a PhD from education sector consulting It was quite an education going year in finance. After that, I joined I stay involved by interviewing Kimberly “Koo” Stanford, where I taught for many practice to a couple of short-term from LBOs and securities analysis to the London School of Economics applicants for new Kiva fellowships. Lacovella, BS, of Brooklyn, JC Pratt, BS 05, with Jessica years.” projects per year. Since 1991, product design and word-of-mouth to pursue an MSc in development I find this kind of work a lot more New York, writes, “Last year, I got Mahoney at Machu Picchu, where I have worked in 26 countries he proposed to her in August 2009 marketing. Check us out at www. management. In January 2010, I rewarding (not in a monetary sense) married at the San Diego Wild Animal on projects funded by the World drinkwel.com. If anyone’s interested joined OneWorld Foundation India, 1962 than any of my corporate work!” Park. Our guests, my husband, and I Bank, Asian Development Bank, Belize and enjoyed every minute in giving drinkwel a try, shoot me an information and communica- Christy Reehl, MBA, of had a blast. Career-wise, I’m sched- the Caribbean Development Bank, away from email and work. an email and I’ll send you some. tions technology for development Fountain Valley, Calif., published an David Stone, MBA, of San uled to finish up my part-time MBA as well as the US, Canadian, and Speaking of work, I have been ([email protected])” NGO, based in New Delhi. It has article, “Chapter 11 Cram-Down Francisco, writes, “A few years from NYU Stern in January 2011. UK governments. My wife, Irma working in the pharma/biotech been a thrilling ride so far. Thank Plans: the Legacy of Till” in the after leaving Cal, I happened to Looking forward to having a bit more of Alhambra, (also retired), and I continue to do space as a business development Sandra Nee, BS, you Cal for empowering me with a Spring 2010 issue of the California Barry Gilbert, MBA 77 bump into Tim Crichfield, my free time after I graduate (to spend Calif., has joined the green initiative extensive travelling in Europe and manager for the last year and at skill set and a desire to explore the Bankruptcy Journal. former accounting professor in more of it at work).” and currently works at SunGreen North America, plus downhill skiing a media startup company before unexplored, embrace uncertainty, the city, and he asked me to join Systems in Irwindale, Calif., pro- at Whistler (the site of the 2010 that. At the end of August I moved and love the diversity that exists 1977 his consulting team at Ernst and viding renewable energy solutions Winter Olympics).” 2004 into a business development role across the globe.” Barry Gilbert, MBA, of Young. I stayed there for five years, to commercial and residential Kirsten Wallerstedt, BS, at a technology startup company Alameda, Calif., writes, “After a got my CPA, and became a senior consumers. The company was writes, “After working almost five in San Diego. I continue to live in long, arduous career in retailing, manager specializing in financial started by two other Cal alumni 1970 years for California Senator Leland North County, San Diego, with 2009 I’m pursuing my passion for wine services consulting projects, who graduated from the College Ranney Thayer, MBA, of Yee and passing some great leg- my wife and our two dogs. We Andrew Tai, BS, of Los and for France. I’ve started a mostly at their audit client, Bank of Environmental Design. She is Palo Alto, Calif., writes, “My wife, islation, I am moving from state thoroughly enjoy living here and Angeles, will be attending UCLA wine importing business called of America. In 1987, I started my making use of her education at Kathleen, and I just got back from politics into the international sector. take advantage of the diverse and School of Law starting this fall. VinAccess International. In addition own consulting firm in the San Haas as the marketing manager of a one-week trip to Kiev, in the In August I headed to Guatemala exciting offerings of our region. to importing wine, however, I also Francisco financial district, DM the company. Ukraine, and a two-week river- for five weeks to become fluent I live next door to my best friend provide sophisticated software for Stone Recruitment Solutions, 2010 boat trip from Moscow to Saint which soon evolved into a staffing in Spanish. Then I went to Boston (best man) and fellow Haas 2005 of wineries in Europe that wish to sell Fennie Wang, BS, James Lee, BS, of Petersburg through lakes, canals, and search firm specializing in to start a master’s degree at graduate Alex Turner. I am Kampala, Uganda, writes, “In March wine to visiting American tourists. “ Sacramento, Calif., will be attending and rivers in Russia. It was great; financial services positions (securi- the Fletcher School of Law and always looking to connect or recon- 2010, I quit my job as a credit law school in the fall of 2010. although the weather was warm, Frank Sperling, MBA, of ties operations, regulatory compli- Diplomacy at Tufts University. nect with Haas or Cal alumni and analyst at JPMorgan in New York we got back before the real hot Moraga, Calif., writes, “I’ve led two ance, etc.) We’ve remained one of My favorite free-time activity is welcome the opportunity to get to come to Uganda as a volunteer Schuyler Bailey, BS 64, MBA 65, with wife Susie Thompson Bailey and weather hit and the fires started. “ professional lives simultaneously the main niche firms on the West working as a project manager with together in Southern California. with a local microfinance institution. 6-month-old-granddaughter Eliana over the past two decades. From Coast in that area, and are in our Engineers Without Borders for a Jessica and I will be attending some A chance meeting with human Miranda Bailey MBA a vocational perspective, my posi- 23rd year now, which I guess is water supply project in Kenya." Cal football games this fall and look rights lawyers at the Microcredit th REUNION 1971|40 tions in marketing, finance, and a good sign. Although I don’t get forward to seeing old friends. Go Summit Campaign in Nairobi led APRIL 28-MAY 1, 2011 1965 project management have enabled over to Berkeley much anymore, I’ll Bears! (www.jcpratt.com).” me to stay in Uganda a bit longer, 1950 2005 me to run my own management always have fond memories of my signing on as a project coordinator Karl Ruppenthal, MBA, of Schuyler Bailey, MBA, Mark Sithi, BS, of San of Berkeley, is married to Susie Alejandro Stolarski, consulting firm, FS3 Group. Cal and Haas experience, and can JC Pratt, BS, proposed to for an NGO called Microjustice For Berkley, writes, “I was interested Francisco, writes, “After working Thompson Bailey (a Cal, but not MBA, of La Jolla, Calif., was From an avocational perspective, certainly say I value the contacts I Jessica Mahoney in Machu Picchu, All. I am currently in Kampala set- in industrial relations, and I lived for five years at Triage Consulting Haas grad, BA 65), and has a in Berkeley recently for the I’ve been heavily involved with made there! “ Peru, in August 2009. They were ting up a new NGO for Microjustice, in Palo Alto. I went to see the Group, I was promoted to manager 6-month-old granddaughter, Eliana graduation of his son, Daniel, numerous organizations, including married April 10 in his hometown doing everything from field professor of industrial relations in August 2010. I know it’s a little Miranda Bailey. He writes, “We love who obtained a PhD in physics. a role as mayor of Moraga and of Fallbrook, Calif. He writes, research and needs assessment to at Stanford, but he acted like he “Jessica and I honeymooned in unusual to still be at the same firm to babysit her!” He writes, “Walked the campus, serving on the and it brought back many great for the Cal Alumni Association. I’m memories.”

28 CalBusiness Fall 2010 Fall 2010 CalBusiness 29 MBA

treated like royalty in hospitality things to rise. This business was the in China. Please feel free to e-mail me has accepted a position in MBA Submit your news online at 1990 1993 suites as well as prime seats in the perfect class project -- absolutely at [email protected].” http://haas.berkeley.edu/alumninotes Chris Jay, MBA, of Grass Gene Lash, MBA, of Danville, recruiting at Haas, and hopes to stadium. I hold the Coca-Cola Africa incredible products and great staff, Valley, Calif., is doing executive Calif., writes, “During 2010, the see and talk to her former class- Chair in Marketing at Wits Business but poor marketing, poor customer coaching and leadership develop- Lash clan celebrated the third and mates soon. School, so this was a wonderful relations, and inefficient operations. 1989 Alumni Notes ment with Silicon Valley compa- first birthdays of newest additions, perk!” We fixed the major issues, and sales Malcolm Brooks, MBA, Kathryn Willson, MBA, nies, and with McKinsey. He also Ireland Cecelia and Cael Dennis on are going great. The next few years of Rockport, Maine, writes, “I’m fol- of Kirkland, Wash., writes, “It has recently completed a professional May 5 and 6. Garrett Joseph fin- Beverly Dance, MBA, of are going to be very exciting. Feel lowing the lead of Neil Civjan, been serendipity, really. I used my certification course in classical feng ished his sophomore year at UCLA 1981|30th REUNION Oakland, Calif., writes, “I had the free to contact me at bshefts@mind- MBA 89, and sending in an Haas degree to successfully shift shui. He writes, “Sometimes you while joining the SAE fraternity; APRIL 28-MAY 1, 2011 opportunity to present three of the spring.com.” update. I’ve lived on the coast of my career from environmental five days at this June’s Society for Maine for 10 years now, com- just have to go out to left field to he is working at Morgan Stanley design to technology, and now Human Resources Management posing music, mostly for films and reinvent yourself.” in Beverly Hills over the summer. after 15 years, I get to come around Joani Mitchell Krieger, th annual conference in San Diego. 1986|25 REUNION churches. I also teach people how Keaton Reeves completed his full circle to combine my passions MBA, writes, “Moved to the Christine (Burke) I had 90 students from seven APRIL 28-MAY 1, 2011 to become musicians and how to freshman year at San Ramon for architecture, the environment, beach in Capitola, Calif., and am Landon, MBA, and Geoff countries in my two-day class on make up parts to play in any situa- Valley High School with a 3.9 GPA. and software. Microsoft is taking enjoying daily walks at the ocean, Landon, MBA, are living base compensation; 150 people tion. I haven’t made a lot of money He also received his First Holy David Anderson, MBA 95, with environmental sustainability seri- weekly sailing trips, dance parties, in Danville, Calif., with their two family at Cal’s Lair of the Bear camp attended my concurrent session or become very famous, but I have Communion at St. Isidore in April.” ously, and has recently given me etc. Besides working as a manage- 1987 children, Rachel and Gregory. on the differences between federal succeeded in shifting from having a the opportunity to develop our ment consultant for Oliver Wyman, Pamela Moraga, MBA, Christine is a director in corporate and California employment law.” Type A personality to a Type B. I use partnering strategy in this space to Clarity, and OnPoint Consulting, I of Ashburn, Va., writes, “I live in development and strategy at 1995 everything I learned at Haas to make develop solutions for our homes, started my own travel business, I the Washington, D.C., metro area Agilent Technologies, and Geoff is David Anderson, MBA, decisions and live in harmony with workplaces, vehicles, and trans- Love to Travel Too, which specializes 1983 where I support the U.S. Federal at Oracle in supply-chain manage- of Danville, Calif., retired May 31, myself – 75 percent of the time.” portation systems that will help us in cruises and women’s volunteer Sales Team with Hewlett-Packard. I ment. They attended the 20th 2010 from Palo Alto Investors LLC, William Zarit, MBA, arrived manage how we use energy. It is so tourism to third-world countries. I’ve enjoy my current role as a business Haas School reunion this spring where he was partner, director of in Beijing in the fall to oversee the great to come to work every day!” been to Cuba, Ecuador (archaeo- U.S. Department of Commerce’s development executive with the and enjoyed reconnecting with research, and head of the firm’s logical dig), and the Galapagos activities in China -- from promoting Advanced Programs Group. We are colleagues. Rachel is off to college energy investing practice. He recently and will be going to Europe exports to involvement in bilateral involved in helping clients upgrade in Colorado this fall, and Greg is writes, “During my nine years at 1996|15th REUNION and Vietnam before the end of the market access, export control, and their technology, transform data a junior in high school. They plan Palo Alto, I participated in growing APRIL 28-MAY 1, 2011 year. My three children are all grown. intellectual property issues -- as the centers, streamline infrastructure, to attend some Cal Bear games the firm from $130 million in Dan is running a political campaign minister counselor for commercial and implement cloud-computing this fall. assets to over $1.5 billion, and had solutions. My husband and I enjoy Kevin in Arizona, Rachel is getting her mas- affairs at the U.S. Embassy. the pleasure of working with some Brown, travel, especially European cruises. Ray Meadows, MBA, of the best people in the invest- ter’s in social work in San Diego, and MBA, of Our grown children have active writes, “At long last I will realize my Gene Lash, MBA 93, with family ment business! Now I can spend Shoshana is spending her junior year Atherton, 1984 lives in the Southwestern U.S.” goal of teaching at a university. I more time with my two daughters, outside Paris in Rouen.” Calif., was have been appointed to the fac- Michelle and Sarah, and wife, Jill. Pauline “Shiao-Hsu” named CEO Chan-Fabries, MBA, of ulty of Hult International Business 1994 I remain on the board of directors 1988 of Coraid Inc., Castres, France, is the CEO of School’s new San Francisco Art of Fisker Automotive. My other John Trotter, MBA, of Chula campus. In the fall term, I will an ethernet Laboratoire de Dermo-Cosmetique Altman, retirement plans include a return Vista, Calif., writes, “My daughter, teach an MBA course in quantita- SAN storage Animale. Known for its brand, MBA, of to coaching lacrosse, racing cars, Samantha Trotter, received her BS tive methods. I’ll also have the vendor in Dermoscent, LDCA excels exclu- San Carlos, learning, charitable work, and in economics from the University of opportunity to teach electives at Kevin Brown, Redwood sively in vet clinics through a Malcolm Brooks, MBA 89, with wife Calif., is plenty of travel.” MBA 96 California, Riverside.” their campuses in Boston, London, City, Calif. comprehensive range of veterinary Barbara and son Ian managing Dubai, and Shanghai. But I’m Eric Krauss, MBA, runs the cosmeceuticals and nutraceuticals research in Andre Marquis, MBA, of Edward Tse, MBA, see PhD still a loyal alumnus. I now have wireless machine-to-machine busi- promoting the health and well- implications Berkeley, writes, “I just accepted 1985 notes. Scott Schaefer, MBA, three jobs including my invest- ness for AT&T. He took his family being of dogs, cats, and horses. of smart grid, the position as executive of Folsom, Calif., was recalled to ment management business and on a national parks road trip this Pauline is married to Dr. Lionel Mark Youngblood, MBA, wind, and director of the Lester Center for active duty with the U.S. Coast the startup business of supplying summer, driving from their home Fabries, a French veterinarian spe- writes, “Over the last 18 years Guard and served 60 days as the Art Altman, solar gen- Entrepreneurship and Innovation Geoff Bick, MBA 82, and wife Erichka residential mortgage modification MBA 94 in Seattle to the Grand Tetons, at the World Cup cializing in cardiology. They have in Hong Kong, my efforts have eration for at Haas. I couldn’t be more excited deputy incident commander for optimization analytics for defaulted Yellowstone, Mt. Rushmore, and two sons: Nicolas is at Sciences Po focused on China investment energy derivative risk management to continue to build on the great the Deepwater Horizon Oil Spill loan investors. If you know any dis- the Badlands. Eric writes that he Paris for his master’s degree, and banking at two companies, Shenyin at the Electric Power Research tradition of entrepreneurship at UC 1982 Response in the Gulf of Mexico. tressed debt investors, send them “knows where Wall Drug is.” Maxime is entering medical prep Wanguo and Oriental Patron. Based at the Incident Command Institute in Palo Alto, Calif. Those Berkeley. More to come!” writes, “I my way.” Geoff Bick, MBA, school in Toulouse. Presently I run an investment bou- Post in Mobile, Ala., Scott was sharing an interest in financial Carl Mahr, MBA, will be had a very busy FIFA 2010 Soccer Alan Seigrist, MBA, of tique specializing in technology responsible for the response opera- management of new-age energy moving back to his roots in Baden- World Cup period. I was in San Brian Shefts, MBA, of Hong Kong, writes, “My company, investment. Because of the financial tions in Mississippi, Alabama, and 1991|20th REUNION production can contact him at Würtemberg, Germany, with his Diego when the U.S. was knocked Oakland, Calif., writes, “Last year a The Executive Centre, continues crisis and availability of capital the Florida Panhandle from the APRIL 28-MAY 1, 2011 [email protected]. family of Nicole, Enno (2 1/2) and out, then in Barcelona when Spain friend and I purchased Boulangerie to move forward, despite many of from China, Hong Kong is now a shoreline out to 60NM. He oversaw Ella (six months). They just bought beat Germany in the semi-final, but Solignac, a commercial bakery Jacob Sayer, MBA, writes, the global economic challenges. In more dynamic place to do business response efforts of over 26,000 a home in Stuttgart and welcome managed to be back in my home- in Brisbane specializing in frozen “I am back in the Bay Area with my January we closed a management- between China and the U.S. In personnel and over 4,500 vessels potential guests to contact them town, Johannesburg, to see Spain oven-ready croissants and pastries 1992 family (Mary and Nolan) after over led buyout, in which our old finan- terms of quality of life, the lifestyle in the tri-state area. He has now next summer. that are sold to fine hotels, restau- Junko “Matsuo” Yamaji, a decade living abroad. We have cial backer (New York Hedge fund beat the Netherlands at Soccer in Hong Kong is similar (except the returned to his full-time position rants, and resorts throughout the MBA, writes, “We’ve moved recently moved into our new house Marathon Asset Management) was City! The occasion was spectacular tropical climate) to New York. It’s as the deputy administrator of Gina Ney Salaices, MBA, US. Acquiring the bakery was an recently and have a new address. in Portola Valley and are looking replaced with HSBC Private Equity. and very emotional, in spite of the relatively easy to get out of town California’s Office of Spill Prevention of Lafayette, Calif., is living in obvious choice for me since I spent We’re still in the same neighbor- forward to living the California ver- Having such a world-class financial noise from the vuvuzelas. My wife, for the weekend to the beaches in and Response. the Bay Area again, after 12 Erichka, and I were guests of Coca- most of my career in tech and China (two hours by car). Two hours hood in western Tokyo, but have sion of the good life!” years living out of state. She and institution backing us has been Cola Africa, one of the partners, media. Fortunately I don’t actually by plane (from Hong Kong) puts moved into a house up the hill Richard Ney have two sons. Gina great news for the company. We so we were very privileged to be make the products, although I have you in any number of scenic places from where we previously lived. have continued to grow our busi- learned that yeast and sugar cause Our new address is 4-31-18 ness with new locations in several Nakamachi, Setagaya-ku, Tokyo, Japan 158-0091.”

30 CalBusiness Fall 2010 Fall 2010 CalBusiness 31 MBA

Sunnyvale a couple of years ago and maintaining the corporate with young kids. Other than that, I her big sister, Calista (3), which may interesting social ventures, or if you on May 20. Scott writes, “He has Submit your news online at http://haas.berkeley.edu/alumninotes and enjoy the great weather and image they want. Meeting with continue to enjoy living in Southern be why Calista claims she is going are a startup that would like advice been keeping his parents quite family activities in the area. My Haas alumni has given me the Marin with my husband and two to college when she turns 5. We are or any other help from our group, I busy. His first name is derived from wife, Donna, daughter Elisa (4), opportunity to introduce my newly young kids (2 and 3 1/2). I’ve trying to enjoy the moment when- would like to invite you to join us at the character Conor Larkin in the Alumni Notes and son Hayden (1) are currently discovered talents. Interested adver- completed several organized bike ever we can. I’m back full-time at www.facebook.com/RajeevCircle Leon Uris novel ‘Trinity’ and is a in Korea visiting Donna’s family tising art buyers can telephone rides this year, including the Wine The Urban School as their director and contact me or one of our other name we both liked considerably. there. I will join them for a couple 626-344-4831 and ask for Tom. Country Century and the America’s of development, and Scott is now founders.” His middle name, Kailas, comes of weeks in September, and plan to Hopefully my fellow alumni are Most Beautiful Ride around Lake senior vice president of client ser- from the name of a mountain Asian cities including Tokyo, see Haas friends in both Korea and having as much fun in their careers Tahoe. I’m also enjoying the killer vices at The Nielsen Company’s Alison (Oliveira) Wheeler, located in Tibet, which Kay’s par- writes, “I have been living Beijing, Hong Kong, and Singapore. Hong Kong. We also plan to meet as me. Go Bears!” zucchini and juicy tomatoes from telecom practice.” MBA, ents and I have both visited. It is in DC since I graduated from Haas. If you ever make it to Hong Kong, up with several Haas classmates my garden.” considered to be very holy in the writes, of Palo My 3 ½-year-old son, Zachary, will please let me know.” and their families in Orlando for Dan Stryker, MBA, Radhika Shah, MBA, Hindu, Buddhist, Bon Po, and Jain “I am happy to say that I just made of Alto, Calif., writes, “After spending be getting a sibling in December. I Christmas this year.” RJ Schembs, MBA, religions.” the jump into the nonprofit world. Walnut Creek, Calif., writes, “Still several years founding and building finally made a long awaited career 1997 It is a great feeling to wake up each Dan Roser, MBA 98, with newborn working with Sam Enoka to help VirtualSynaptics, a technology- switch into international develop- Wens Gerdyman, MBA, second son Ethan Vijay Bobba, MBA, of writes, “In July 2010 I visited day and know that what I’m doing renewable energy project devel- based startup in the information ment 2 1/2 years ago. I am now Bangalore, India, writes, “The Indonesia after a six-year absence. is helping make the world a better After moving to a new house and opers and owner/operators to suc- retrieval and search space, I -- along director of marketing for Women Loyalty Marketing Services venture In Jakarta I had a reunion with Haas place! I’m now heading up product having our second child, I turned ceed. The office is in San Ramon, with a couple of other Stanford for Women International, a humani- that I have been working on in alumni Funadi Wongso, management for All for Good 40 and started a new job in July so please give us a shout if you are alum -- started a group named tarian relief organization that helps India (www.imint.in) for the last five MBA 97; Hanifa ‘Bobot’ (www.allforgood.org), the nation’s (director of business transformation passing through (www.viasyn.com). RajeevCircle in memory of our women survivors of war rebuild years has now moved on to the Indrajaya, MBA 97; and largest search engine for service at Yahoo!). Second half of 2010? Hope all of you are doing great!” mentor and advisor, Stanford their lives in countries like Congo, next stage of exciting growth with Sutisna Iskandar, MBA and volunteer opportunities. While Potty-training the 2-1/2 year old.” Professor Rajeev Motwani. Rajeev Rwanda, Afghanistan, Iraq, Sudan, a pioneering number one position! 96. In Surabaya I met Henky I’m not busy with that I’m enjoying 2000 was a Berkeley alum and an advisor and Bosnia. The organization pro- India is ripe with opportunities and Suwignjo, MBA 98. Bobot the beautiful mountains and craft- to a large number of Silicon Valley vides direct aid, rights awareness we hope to ride the wave of expan- is the CFO at a mining company, brewing scene here in Asheville, 1999 Samuel Wilson, MBA, startups, including Google. The training, and job skills training. I sion that is underway in India!” Funadi is finance vice president NC. (We just beat Portland for Beer Michael Dennis, MBA, of of Emerald Hills, Calif., became a purpose of the group is to continue have found my dream job com- at a large palm oil producer, and City USA!)” Portland, Ore., is working for the co-portfolio manager at a startup Professor Rajeev’s spirit of helping bining my passion for marketing Carlos Albar Diaz, MBA, Aaron McNally and Seth Halpern, Sutisna runs his own consumer- Nature Conservancy in Portland and hedge fund, Granite View Asset people from every walk of life with international work that makes both MBA 02, celebrate at the World of Cordoba, Argentina, is working goods contract-manufacturing DC, specifically on a deal to protect Management, after seven years at without any expectations of return. a difference.” Cup in Cape Town. as a freelance consultant for Bain 1998 company. Henky runs an electrical 7,000 acres in Hells Canyon in JMP Securities. He writes, “At a new Our group’s initial focus has been to & Company’s mining practice. equipment manufacturing com- Gonzalo Arguello, MBA, Northeast Oregon. and exciting stage in my career. mentor startups, both for-profit tech- Haas Soccer Club alums He was lucky enough to start a 2002 pany. They are all doing well both “I’ve been in Buenos Aires since I’m working on all the day-to-day nology ventures as well as for- and Seth Halpern and Aaron project in Johannesburg that gave Colleen Reilly, MBA, of career- and health-wise, and have graduation. No wedding, no kids. business issues any small business nonprofit social ventures, and to Paul Dyson, MBA, of San McNally, MBA 02, made him the opportunity to watch the San Francisco, writes, “I left the beautiful wives and children. I have I’m working for Netactica, the travel faces. Everyday is an adventure. Go connect them to various resources, Francisco, Calif., and his wife, it to their second straight World World Cup Final at Soccer City. big-company world for startup land been consulting independently software and services company Bears!” including advisors and investors. Maureen, welcomed their son, Cup. They spent a little over a week After a few months working in in January 2010 and am now the under the umbrella Fit To Market, I co-founded eight years ago. I’m The group has drawn over 160 Trevor Martin Dyson, into the in South Africa, mostly in Cape remote locations, Carlos has plans vice president of marketing for helping companies in the Bay Area living in the beautiful San Telmo th academics, entrepreneurs, inves- world on July 21. Mother and Town, where they enjoyed great for a sailing trip in the Bahamas Scrapblog (http://www.scrapblog. 2001|10 REUNION (and occasionally New York) con- neighborhood, close to the Boca tors, Bay Area Nobel Laureates, and boy are doing great. Paul writes, food, sightseeing, and soccer. Seth with his wife, Magdalena; Pilar com), an online service for social APRIL 28-MAY 1, 2011 ceive and launch new Web prod- Juniors stadium...what else could I folks interested in philanthropic “I’m enjoying every minute of this writes, “The highlight of the trip was Mercader, MBA 1997; and storytelling through photos. I’m ucts and applications. I appreciate want? Big hug to all the MBA class projects. We meet once a month new life phase, kind of like how I being on-hand for the thrilling USA- her husband, Gonzalo. enjoying working with 15 talented the flexibility it has given me as of 1998.” as a group at Professor Rajeev’s enjoyed O-Week and Dis-O-Week, Algeria match at Loftus Versfeld people and getting things done Angeline and I are coping with our home. Information of our previous but in a different sort of way. I’d Stadium in Pretoria and celebrating Raj Pai, MBA, of Saratoga, quickly, with none of the bureau- 13-year-old daughter and 3-year- meetings, supported projects, and write more, but he’s crying and the last minute victory with the Calif., writes, “Enjoying the summer cracy associated with the larger old son.” group members is available at needs changing. Gotta run! Hope other US fans (see photo of post- with my kids. The highlight of the companies for which I’ve worked! I www.facebook.com/RajeevCircle. everyone is doing great, especially game celebrations). See you in summer was climbing Half Dome continue to love life in the Bay Area Cheryl (Weiss) Hayes, The social ventures we are involved MBA 2002.” Brazil in four years!” in Yosemite with my daughter -- great food, great music, and a MBA, of Oakland, Calif., joined with and help include a nonprofit (who is in her teens now, and was wonderful quality of life -- and can’t the SBA originations team at organization that is focused on Chris Sklarin, MBA, of born when I was at Haas -- wow, imagine being anywhere else. I’m California Bank and Trust after helping underprivileged young Cleveland, Ohio, writes, “After $28 time flies!). On the career front, I’m thankful for my friends and family, many years with GE Capital. She women in Mozambique finish their million invested in over twenty working on some exciting analytics who make my life so rich and full. helps small businesses grow by schooling and to rise above some companies through the last six solutions for customers in social Wishing the best to all my class- providing financing for real estate, of the socio-economic pressures years working with a local seed media, Web analytics, Telco, and mates!” equipment, working capital, and in their society, a for-profit social fund and an early/growth stage VC, retail. And yes, the entrepreneurial I started working at BioEnterprise business acquisition. Tanya (Shaw) Steinhofer, venture that is using technology to spirit kindled in Haas is still alive. full time this year. BioEnterprise MBA, of Mill Valley, Calif., writes, create a solution using cell phones Thomas Leutzinger Jr., On to startup No. 2, claritics (www. is a Cleveland, Ohio-based busi- “The biggest news on my end con- to enable people in places like rural MBA, writes, “I made the move claritics.com)! I attended the Haas Brisen Brady, MBA 01, with ness formation, recruitment, and tinues to be my financial planning husband Scott and daughters India to do financial transactions in Eric Floyd, MBA 97, with wife Donna, to Hollywood and became an alumni get-together this spring, and acceleration initiative designed to business, Redwood Grove Wealth Calista and Cassandra the absence of a local bank, credit, daughter Elisa (4), and son Hayden (1) advertising photographer at the it was great to see and meet new grow health care companies and Management, which celebrated or debit cards. We are also starting beginning of 2009. Hollywood, students, catch up with friends, and Brisen (Vannice) Brady, Paul Dyson, MBA 02, with wife commercialize bioscience technolo- its first anniversary in May 2010. to explore projects involving men- with all of its celebrities, and a hear from the stellar Haas staff. I MBA, writes, “Scott (‘04) and I Maureen and newborn Trevor gies. We are focused on helping writes, “I While it certainly hasn’t been easy toring children in Bay Area schools Martin Dyson Eric Floyd, MBA, market the size of Los Angeles is look forward to staying engaged are delighted to announce that our bring companies and investment to was recently appointed senior vice starting a business in the depths of in places such as East Palo Alto. the right place for my business, with the Haas family!” family has grown! We welcomed the Northeast Ohio region. Anyone president of Partner Development a recession, it has been a rewarding If any of you Berkeley alum are although the Bay Area was not Cassandra Claire Brady on Oct. Scott Greenfield, MBA, of passing through is welcome to get and Marketing at Allied Telesis Dan Rosler, MBA, of San process, and I feel like I’ve gone interested in joining our group and easy to leave. Business leaders 17, 2009, here in San Francisco. San Diego, Calif., and his wife, Kay, in touch.” Inc. in San Jose, which I originally Mateo, Calif., writes, “The past few back to school for an MBA in entre- mentoring individuals, technology know the importance of having Cassandra is already crawling after welcomed Conor Kailas Greenfield joined in 2007. We settled in months have been quite exciting. preneurship. My focus continues to startups, or being involved in some be on serving women and families

32 CalBusiness Fall 2010 Fall 2010 CalBusiness 33 an ashram in India for my Lunar a close substitute for the Silicon We’re hiring, so let me know if Submit your news online at PhD http://haas.berkeley.edu/alumninotes New Year vacation in February. In Valley during its early years. We you are interested in joining AWS. Obituaries April I passed the six-year mark of very much miss the Bay Area, You can contact me at: dorothyc@ Former Fed Governor and Professor Emeritus my NGO work in Vietnam and am but take comfort knowing the amazon.com” 1985 taking a year or possibly more of world is getting smaller every day. Sherman Maisel Alumni Notes Edward Tse, PhD, of Hong personal sabbatical to travel and Wishing everyone the best, Rajesh, Anushree (Aggarwal) Kong and Shanghai, China, writes, Sherman J. Maisel, Federal Reserve governor and Haas School do things I’ve always wanted to Sangeetha, Arti, and Varun.” Kanodia, MBA, is based in “My new book, The China Strategy: professor emeritus, died from respiratory failure Sept. 29 in do. My first stop was Chiang Mai, Tokyo with Harnessing the World’s Fastest San Francisco. He was 92. Maisel was known for his role in Thailand, where I’ve been learning her husband th REUNION Growing Economy (The Basic developing the modern residential mortgage market and Federal 2003 Thai massage and yoga from some 2006|5 and recently APRIL 28-MAY 1, 2011 Books), was released in March. Reserve policy procedures. Sam Ladah, MBA, of incredibly gifted teachers and launched an China is becoming a battleground In 1948, Maisel joined the faculty of UC Berkeley’s School of Pleasantville, N.Y., writes, spiritual beings. Next stop, Burning online fashion for both multinational and local “Wendelee and I recently moved Man and the Bay Area. I have some Diana Adair, MBA, of accessory Business (now the Haas School of Business), where he helped found Ryan Drake-Lee, MBA 09, at the Chinese companies. Many multi- back to our home in New York educational courses penciled in, Campbell, Calif., has been working website. She the Center for Real Estate and Urban Economics—one of the first World Cup national companies have already after spending the last two years in then trekking in Nepal and India in at Google in Mountain View since writes, “We in its field in the country. He took leave from UC Berkeley in 1965, around Jozi and Cape Town. entered China in some form. As the London where we were on assign- November or December, and even- her graduation. She writes, “I’m in worked hard when President Lyndon Johnson appointed him to the Federal We saw Argentina vs. Mexico at China context evolves, so should ment with IBM. We were fortunate tually Turkey and a tour of Africa the PR department where I manage to experiment Reserve Bank Board of Governors. He returned to the business Soccer City stadium in Jozi, Brazil the China strategy for these corpo- to see some of our old friends and with frequent stops in Asia. Costa a team focused on Google’s core Anushree (Aggarwal) with natural vs. Chile at Ellis Park stadium in rations. In this book, I share how school in 1972 and retired in 1986, when he was awarded the classmates in London, including Rica doesn’t sound so adventurous business, online advertising. I work Kanodia, MBA 07 materials Jozi, and Argentina vs. Germany at China has restructured its economy Berkeley Citation for distinguished achievement. Jay Atkinson and Joost but the surfing and natural adven- closely with reporters, media out- like wood, Greenpoint stadium in Cape Town. over the last couple of decades and Maisel’s path-breaking research on monetary policy, housing, the Krikhaar who were just passing tures there would be sweet. I’ve lets, producers, bloggers, and all bone, horn, and leather as well as Along the way we climbed Table how it would continue to evolve mortgage market, and economic forecasting has been published in through, and Delfino Canas, been using couchsurfing.com to kinds of industry experts. Google various handicraft techniques that Mountain and rappelled off the face going forward.” 14 books and more than 100 academic articles. who is currently based in London meet local hosts. And if you’d like to always keeps me busy as you can have been mastered over centuries overlooking Camp’s Bay, and went with BT. I am now back at IBM’s host and/or join the skipping tour, see from all of the headlines that by Indian craftsmen in the interior “His many papers on monetary policy and housing markets formed to the Cape of Good Hope, where corporate headquarters in Armonk, email [email protected].” you read! I’m still very passionate of the country. Born out of this the foundation of current housing finance research,” said Kenneth New York, as vice president of about CSR and alternative energy. marriage of natural material and we wrestled with baboons and In Memoriam Rosen, chairman of the Fisher Center for Real Estate and Urban human resources, responsible for We finally bit the bullet and moved extensive handicraft is our labor of hiked down to the beach.” Economics, who was hired by Maisel to build up the center in 1979. 2005 love, Anans. Please visit our website Gustave Kortstein, BS 27 developing IBM’s global workforce to the Peninsula, although we miss Ariel Rak, MBA, writes, “I am “His textbook Real Estate Finance was used by a generation of real of at www.anansbags.com. If you are Mary Kline, BS 32 strategy.” Brad Irby, MBA, Berkeley very much!” relocating to Calgary to begin a estate finance students around the country.” Burlingame, Calif., and his wife, In Tokyo and would like to say hello, Howard Boscus, BS 36 market development role for Dow While at the Fed, Maisel was appointed to a White House task Zeph Stuart, MBA, moved Marcela, have two energetic sons. Jennifer Donnelly, MBA, you can reach me at anushree@ Ralph Benowitz, BS 39 Chemical. I am excited about the to Singapore in 2009 to look after He left his consulting practice to of Palo Alto, Calif., writes, “Lots anansbags.com. All the best!” Glenn MacKenzie, BS 41 force to recommend changes in federal mortgage policies. This task new opportunity to further develop strategy and business development be CTO of Decade Software, a of positive changes for me! My Joseph Sauer, BS 41 force drafted proposals to allow the Government National Mortgage of Dow’s market in the Canadian oil for Samsung Asia. company focused on the environ- partner, Janet, gave birth to a David Saxe, MBA, Robert Korn, BS 42 Association (Ginnie Mae) to guarantee securities backed by pools of San Francisco, along with two and gas industry.” mental health industry. Though he baby boy on Jan. 8, and big sister, Robert Rolfe, BS 44, MBA 45 mortgages and to allow the Federal National Mortgage Association other Haas MBA alums, travels to Fresno three days a week, Shea (5), is having a great time Brian Stanley Bartlett, BS 47 (Fannie Mae) become a government-sponsored agency, removed 2004 Milovich and Brian Chuck, he writes that he still has time for with him. His name is Ian, and he Henry Bolcom, BS 47 from the constraints of the federal budget. These steps led to the Jason Anderson, MBA, co-founded Calvera Partners, a San family and friends on the weekends. is a good eater. He started out MFE Howard Dickenson, BS 47 creation of the modern national market for mortgages. of Ladera Ranch, Calif., writes, “I Francisco-based real estate invest- Wayne Godfrey, BS 47 just over 8 pounds but is topping Maisel also served on the Berkeley Unified School District Board recently celebrated the birth of my 22 pounds six months later. I also ment firm focused on the acquisi- Lionel Sullivan, BS 47 of Education from 1962 to 1965. first son, Logan Michael Anderson, switched from Intel to Apple in May. tion of commercial real estate in the 2007 David Armstrong, BS 48 on July 6. Our family has also To view a video conversation between Ken Rosen and Sherman Maisel, I changed positions from silicon vali- Bay Area. Alan Wu, MFE, is a manager William Bryant, BS 48 relocated to southern California visit haas.berkeley.edu/news/maisel.html. dation to IP management, and I’m in the Transaction Economics Letitia Kruger, BS 48 (Orange County), where I have really enjoying it. Would love to hear Group at Ernst & Young in Chicago, Jerry Cole, BS 49 joined Blizzard Entertainment 2008 from classmates -- drop me a note!” where he builds economic models Janice Gibert, BS 49 Former UC Regent, Haas Adjunct Professor as director of global consumer Shyam Maniyar, MBA, Orin Owen, BS 49 of corporate and partnership William Coblentz insights.” Jack Duan, MBA, of writes, “As director of engineering structures used for analyzing eco- Virginia York, BS 49 Pleasanton, Calif., left a Fortune in the Service Provider Technology Attorney William Coblentz, BA 43 (Econ.), nomic and tax consequences. This Neil Cook, BS 50 Linh Do, MBA, writes, “This 100 corporate marketing job to Group at Cisco Systems, I was a former UC regent and Haas adjunct summer he spent a month in Japan Jacques Nouaux ,BS 50, MBA 54 year I put aside kite-surfing in start a new company. He writes, instrumental in the successful professor, died Sept. 13 at his San in a language immersion program. Alfred Cavallin, BS 51 Vietnam and snowboarding in “The vision is to build a distinctive launch of a next generation edge Francisco home. He was 88. He writes that learning and living in George Dove, BS 51 Hokkaido to learn meditation at California lifestyle brand in China routing platform, ASR9000. The a different culture was a very enjoy- Leo Noonan, BS 51 A senior partner with Coblentz, Patch, by initially exporting and marketing product is getting great acceptance able and memorable experience. Marilyn Doswell, BS 52 Duffy & Bass, Coblentz focused his legal high-end Napa wine.” from many service providers across Hugh Huddleston, BS 52 practice on real estate and complex the world. As a hobby, I am writing Qing Li, MBA, Mountain View, Felix Castellanos, BS 53 business transactions. He was an adjunct a blog ‘Seeking Alpha by Adding John Partridge, BS 54 Calif., writes, “This summer the professor at Haas from 1994 to 2000, Beta’ at smaniyar.blogspot.com. I Roscoe Brooks, BS 55 Rajesh Krishnan, MBA 05, with whole family spent a month trav- teaching an MBA elective called Business and the Media with like studying and analyzing macro- Henry Maschal, BS 55 wife Sangeetha, son Varun, and eling in China, Malaysia, Singapore, daughter Arti economic trends and linking it to Charles Bishop, BS 56 Professor David Vogel. and Hong Kong. It was a wonderful investing. Thanks to Berkeley MBA Sheldon Grossfeld, BS 56 “Bill enriched the students’ learning experience both by drawing trip involving delicious food, gor- courses, I have become better in Ulf Hamilton, BS 56 on his extensive personal experiences dealing with the media, Rajesh Krishnan, MBA, geous beaches, friends and family, writes, “I just moved back to India my understanding of macro trends William Appelbaum, BS 57 and by using his personal contacts to invite several distinguished and the Shanghai Expo. Our two with family after 16 amazing years and did well in 2009 and 2010 David Rule, BS 59 speakers from the media and business to present guest lectures,” girls, Klaire (7) and Aiji (5), abso- in the US. I’m an entrepreneur at with my personal portfolio.” Phyllis Day, MBA 63 lutely loved it.” Vogel said. i2india in Bangalore looking to Victor Pinzon, BS64, MBA 66 Coblentz served as a UC regent from 1964 to 1980. In 1980, he start something in the healthcare 2009 Freeman Tuttle, BS 66 received the Berkeley Citation, the university’s highest honor. Coblentz space. It’s exciting to be close to Ralph Short, BS 71 2007 Ryan Drake-Lee, MBA, served on the boards of the Koret Foundation and the NAACP Legal Linh Do, MBA 04, takes off at the family and to watch myself and my Philip Skarston, MBA 75 Dorothy Copeland, MBA, of Atlanta, Ga., writes, “I just Defense and Education Fund. He also served as a consultant to Sen Monorom airport in Northern family adapt to a new environment Arnold Millard, MBA 82 Cambodia at the start of a one-year writes, “I recently relocated to came back from the World Cup the U.S. secretary of state and as special counsel to California Gov. and culture. Bangalore seems like Benjamin Smith, BS 77 sabbatical. Seattle to take a business develop- in South Africa where I went to Arnold Millard, MBA 82 Edmund G. “Pat” Brown. ment role at Amazon Web Services. three matches and gallivanted Alan Wu, MFE 07 James Hildebrand, BS 85 34 CalBusiness Fall 2010 Virginia Schulz, MBA 89 Fall 2010 CalBusiness 35 Victor Thay, BS 95 Personal View Polar Vision Students Plan Pioneering Expedition What inspires to the South Pole

By Alan Lock, MBA 11 supporting sight-related nonprofits and chari- 80 percent committed. By Christmas, the ties. My rationale: However bad my situation entire Polar Vision team had been formed: You The most rewarding experiences in life are was, many people around the world suffer three Brits and two Americans, including one often the most challenging. Indeed, it is the way, way more from sight loss. successful Antarctic explorer (you see, I am to invest inherent difficulty of a challenge that tends not entirely crazy). to be so appealing. This is certainly true of a So that brings me to Polar Vision, an expedi- project I am currently involved in: crossing tion that intends to raise awareness and The team is heavy with MBAs, including a cur- Antarctica on foot all the way from the coast funds for two nonprofits: Guide Dogs for the rent Tuck student, an IMD MBA graduate, and to the South Pole. This feat has been com- Blind and Sightsavers International. Guide two current Berkeley MBA students—myself pleted by only a handful of people—more Dogs supports blind and visually impaired and former U.S. Army Officer Andrew Jensen, in Haas? people have been in orbit and almost ten people in North America, while Sightsavers also MBA 11. Planning an expedition of this times as many have summitted Mt. Everest. International focuses on preventable blind- kind is a gargantuan task of international logis- ness in the developing world. The team and tics, and for me and Andrew, trying to manage While the challenge is undeniably a major Polar Vision around our studies and internship draw for me, there is another reason that I am hunt has been difficult to say the least. That undertaking this endeavour. said, the project has enabled us to put much of Seven years ago a rare condition badly dam- our MBA coursework into practice. What also aged my eyesight, leading to the loss of my has been truly amazing is the level of support career as a British Royal Navy officer. The con- from our classmates, who have connected us dition could not be cured and swiftly left me to potential sponsors and other supporters as partially sighted. For an active, young man in well as the media. his 20s, this was a crushing blow, resulting in We are slightly more than a year away from a whole host of additional problems, including our start in late 2011 but still have much to losing my driver’s license, the inability to read do. We have potential sponsors to speak with, text, and giving up many sports that I loved. training to do, and equipment to procure and Now, I would certainly never claim that this test. And we also have the small matter of was in any way a “good” thing, and to this graduating and ideally find an employer who day I would do virtually anything to fix my can work around our unconventional post- eyesight. But this experience did leave me Andrew Jensen and Alan Lock, both MBA 11 MBA plans. That’s aside from the actual chal- with a heightened appreciation of how fragile lenge of the expedition itself—covering around one’s life can be. I became determined to 600 miles in freezing conditions while pulling I will be aiming to set a new Guinness World follow as many of my dreams and ambitions a heavy sled. Record for the first visually impaired person as possible, cramming as much into my life to cross Antarctica and reach the South Pole. Still, if it were easy, then there wouldn’t really so that if the worst ever happens with my Association with such a record will greatly be a challenge. And as I said, it is the chal- eyesight I will have plenty of good memories. help the two nonprofits through increased lenge, particularly in aid of causes so close to These challenges have included climbing the media awareness and a higher public profile. my heart, that makes the whole venture so highest mountain in Europe, completing the Working with the nonprofits also gives us a appealing and so exciting! 151-mile Marathon Des Sables across the deeper purpose to the challenge than simply If you are interested in supporting Sahara, and rowing unsupported across the satisfying a personal goal. Alan Lock, Andrew Jensen, and the rest of Atlantic Ocean. the Polar Vision team through corporate The idea really took off the summer before I Through many of these ventures I have tried support or partnership, please contact them arrived at Haas, and coalesced into a tangible at polar-vision.org. to dovetail my own personal ambition with project during my first term. I arrived from England with two friends who were haas.berkeley.edu/givenow 36 CalBusiness Fall 2010 Always Berkeley. Always Haas. Only You. 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

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