Mcdonoughbusiness Welcomes Phone (202) 687-4080 Mcdonoughbusiness Is Published Jon Golden, Phil Humnicky, Karin H
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McDonough Fall/Winter 2003 Business Beyond the Bottom Line Teaching Business Ethics at the McDonough School Jerome J. Claeys III (B’65) Gerard M. Kenny (B’71) Parents Advisory Council CEO & Chairman, Heitman Capital President, Kenny Construction Company co-chairs Management Lisa S. Kleinknecht (MBA’99) Ronald W. Tysoe Michael J. Connelly (B’74) Principal/Corporate, Kleinknecht Electric Vice Chairman, Federated Department Stores, Inc. Managing Director, The Carlyle Group Company Arleigh Tysoe Peter S. Croncota (B’83) Daniel K. Lahart, S.J. (B’83) Joseph F. Berardino Senior Managing Director, Bear, Stearns, President, Strake Jesuit College Preparatory Former CEO, Andersen Worldwide & Company, Inc School Gail Hamilton William H. Diamond, Jr. (MBA’83) Catherine Lawton (B’79) Vice President of Advertising, Promotion & Leadership President, Technology Growth Partners Principal & General Counsel, Sandler O’Neill Publishing, McCall Butterick & Vogue Patterns & Partners L.P. John W. Mayo William T. Divane (B’64) Lloyd R. Cunningham Dean Chairman & CEO, Divane Brothers Jonathan R. Lynch (B’88) President, Cunningham & Associates Susie Cunningham Joseph B. Mazzola Electric Company Partner, JPMorgan Partners Executive Dean for Faculty Donn Dolce (B’67) Philip A. Marineau (C’68) Donald J. Dawson, Jr. Cofounder & Chairman, Payroll 1 Inc. Ann-Mary Kapusta Senior Vice President–Investments, President & CEO, Levi Strauss & Co. Paine Webber Investments Mary Jo Dawson Associate Dean and Director Robert E. McDonough (F’49) Director of College Placement, Academy of Undergraduate Program Alfred J. Fisher, III (B’70) Founder & Vice Chair, Remedy Intelligent the Sacred Heart President, Fisher and Company Staffing Marilyn A. Morgan Dan A. English Associate Dean and Director Lawrence P. Fisher, II (B’82) William I. McInnes, S.J. Executive Vice President & Director, MBA Program Senior Vice President, US Trust Company Chaplain, Boston College Puffer-Sweiven, Inc. Lisa A. Kaminski Michael R. Fisher (B’80) C. Allen Merritt, Jr. (B’62) Kay English Assistant Dean and Director President, Fisher Dynamics Corporation Partner, Boston International Capital James Hackett International Executive MBA Partners, LLC Chairman & CEO, Ocean Energy, Inc. and Executive Education Kristin M. Fletcher (MBA’84) Chairman, ABN-AMRO, Inc., and U.S. Country Lorraine A. Montero (F’68) Maureen Hackett Virginia N. Flavin Representative, ABN-AMRO Bank Managing Director, Emerging Market Region Bruce Hall Chief of Staff Head–Latin America, Citibank N.A. Theodore Francavilla (B’74) Executive Vice President & COO, PETCO Michael T. Boyd Senior Vice President, JPMorgan Chase Bank Ellen Morrell (B’66) Susan Hall Director of Development Vice President & Principal Broker, Washington Christopher P. Franco (B’81) Robert Kushner Fine Properties, Sotheby’s International Realty Linn Donaldson (IEMBA’98) President, Rock Point Investment Partners Managing Partner, Kushner, Smith, Joanou Chief Financial Officer Daniel J. O’Connor & Gregson, LLP Mark G. Frantz (B’69) President & CEO, Paragon Computers Karen Kushner John H. Carpenter Chairman, Frantz Medical Group Chief Technology Officer Charles Palmer (B’64) Max L. Lukens J. Richard Fredericks (B’68) Managing General Partner, North American Acting President and Acting Chief Executive Robert P. Johnson Chairman, Dionise Capital, Inc. Officer; Chairman of the Board & Directors, Director of MBA and IEMBA Alumni Company, LLP Bernardo A. Giacometti (B’77) Stewart & Stevenson Programs and Volunteer Board Relations Patricia Mulvaney-Pignataro (B’81) President, Kipany Brazil Chris S. Lukens Jessica A. Botta Partner, PricewaterhouseCoopers, LLP Michael J. Gibbons (C’60) Sanford Miller Director of Communications Elaine Pochtar (B’79) Managing Director, JPMorgan Chase & Co. Chairman & CEO, Budget Group, Inc. Executive Director–Institutional Fixed Mary Kelly Miller Board of Advisors Carol A. Grefenstette (B’78) Income Sales, Morgan Stanley Managing Director, Strategic Investment Group Greg Palmer chair David Reyes (L’82) President & CEO, Remedy Intelligent Staffing. John J. (Hap) Fauth, IV (B’67) Saadadeen R. Hariri (B’92) President, Harbor Distributing, LLC Sally Palmer CEO, Saudi Oger, Ltd. President & CEO, The Churchill Companies Andrew Sachs (MBA’96) Thomas Siebert Joseph Amato (B’84) Michael E. Heisley, Jr. (B’86) President, Bethany Partners, LLC Attorney, Patton Boggs, LLP Executive Vice President, Heico Companies Head of Global Equity Sales, Lehman Brothers Charles F. Sarkis (B’62) Debbie Siebert Peter W. Henderson, Jr. (B’81) Chairman & President, Back Bay Restaurant Director of Business Development, NEWgame Doreen Amorosa (B’79) Communications Director, Talent Acquisition, Avaya Inc. Vice President, Fleet-Meehan Specialists Group, Inc. Thompson M. Swayne Robert L. Andrews (B’68, L’71) James F. Higgins (B’70) Ann Misiaszek Sarnoff (B’83) Senior Advisor, Morgan Stanley Chief Operating Officer, VH1 & CMT Executive Vice President, JPMorgan Chase Partner, Vincent Andrews Management Corp. Susan Swayne James Atwater (B’85) Paul J. Hill (B’67) John Spirtos (L’92, IEMBA’00) President, Harvard Development Inc. General Partner, OCG Ventures, LLC Robert F. Woods Senior Vice President/Branch Manager, Treasurer & Vice President–Finance, McDonald Investments William Hoefling Thomas T. Stallkamp IBM Corporation Thomas L. Bindley (B’65) CEO & Managing Partner, Chrystal Pond Vice Chairman & CEO, MSX International Mary Gene Woods Capital Partners, LLC President, Bindley Capital Corporation Robert H. Steers, (B’75) Martin E. Zweig Alison Lohrfink Blood (B’81) A. Lincoln Hoffman, III (B’65) Chairman, Cohen & Steers Capital Zweig Companies Former Executive Managing Director, Timothy P.Tassopoulos (MBA’83) Barbara Zweig John D. Bowlin (B’72) Global Relationship Banking, Citibank Former CEO, Miller Breweries Senior Vice President, Chick-fil-A, Inc. Mollie Zweig Lee C. Howley (B’70) Michael A. Todman (B’79) James J. Buckley Owner & President, Howley Bread Group Executive Vice President, Whirlpool Corporation, Practice Leader, Technology & Communications, As of November 1, 2003 Spencer Stuart Richard E. Joyce, Jr. (B’74) and President, Whirlpool Europe Managing Director, Merrill Lynch Marilouise Burns (B’80) Charles M. Trunz, Jr. (B’75) General Zone Manager, Lincoln Mercury Arlen Kantarian (B’75) Chief Administrative Officer, North Shore Division, Ford Motor Company Chief Executive—Professional Tennis, Health Systems U.S. Tennis Association Gerald T. Cameron (B’77) Edmond D. Villani (C’68) Former COO, Ibis Technology Corp. Kenneth J. Kencel (B’81) Vice Chairman, Deutsche Asset Management Head of Leveraged Finance, Royal Bank Michael L. Chasen (MBA’95) of Canada CEO & Co-Founder, Blackboard Inc. Volume 15 Number 3 Photography McDonoughBusiness welcomes phone (202) 687-4080 McDonoughBusiness is published Jon Golden, Phil Humnicky, Karin H. inquiries, opinions and comments fax (202) 687-2017 twice a year by the Robert Emmett Lesica (MBA’95), Yu Suguira (MBA’93), from its readers. Letters should be email [email protected] McDonough School of Business for Lars Tray addressed to: www.msb.georgetown.edu alumni, parents and friends. Designer The Editor Send address Editor Nancy Van Meter McDonough Business changes/additions/deletions to Jessica A. Botta The Robert Emmett McDonough [email protected] Director of Communications Printing School of Business or contact Alumni Records at Delancey Printing Georgetown University (202) 687-1994. Contributing Writers 206 Old North William M. Emmons III, Peter P. Gasca Washington DC 20057 (MBA’03), Jeanne K. Miles, Madhavan M. Parthasarthy, Ada S. Polla, Tom Price, John Ries (MBA’02), Natasha Rodriguez, Marc B. Sherman, Eman Quotah McDonoughBusiness Fall/Winter 2003 Departments 15 Intellectual Capital Faculty in Focus 3 Up Front Associate Professor Rohan G. Williamson President and Provost Appoint Dean Search Committee Prospectus Sarbanes-Oxley: A Push Toward Board of Directors Votes to Continue Better Corporate Governance Planning for New Business School Facility Fall Rankings Results Reported 28 Corporate Profile Case Team Finishes Strong at International Business Challenge Citigroup Williams Named to U.S. Council on Foreign Relations 30 Dividends McDonough Parents Go Back to School FY03 Fundraising Update Executive Education Update MBA Minority Fellowships Women’s Leadership Initiative Hosts Aggarwal, Ernst Named Stallkamp Fellows Meeting of Women’s Affairs Ministers McDonough Selects Connelly McDonough Hosts Real Options Foundation Scholars Features Conference MBA Career Management Update 34 Alumni Notes 19 Beyond the Bottom Line Undergrads Explore Careers in Profile: Brendan Gaughan (B’97) Capital Markets 22 Capital Markets Research Center Profile: Mohammed Dewji (B’98) Celebrates 15 Years MBAs Witness Historic Signing of EU Constitution Profile: Michele Giddens (MBA’91) 25 MBAs Put Business Skills to Work Profile: Hadi Bahrani (MBA’03) in Faraway Places McDonough School Welcomes New and Visiting Faculty 32 Reunion Weekend 2003 MBAs Host Fall Club Days Bellwether Winkler Celebrates 80th Birthday John J. “Hap” Fauth, IV (B’67) 13 In the Media Profile: Sally Buzbee (IEMBA’97) dean’smessage McDonough School calendar 2004 January 12 First Day of Classes February 10 Dean’s List Reception March 7–13 IEMBA Current Issues Residency (Class of 2005) 13 – 20 MBA Global Integrative Experience (Second Years) 16–19 Competing in International Business MBA Integrative Experience (First Years) Jon Golden 27–April 4 IEMBA Entrepreneurship/Small