Fall 2009 Prof. Oliver Williamson Wins Nobel Prize in Economics Nonprofit Organization CalBusiness US Postage Haas School of Business PAID University of California, Berkeley Admail West 545 Student Services #1900 Berkeley, CA 94720–1900 CalBusiness The Magazine of the Haas School of Business at the University of California, Berkeley

Business Beyond Borders From Everest to San Francisco, Alumnus Richard Blum Touches Many Lives

Plus: New Haas Leading Through Innovation Award Recognizes Prof. Henry Chesbrough, PhD 97 The Magazine of Fall 2009 CalBusiness the Haas School of Business at the University of Contents California, Berkeley Senior Editor Features Richard Kurovsky

On the Cover: Editor 8 Business Beyond Borders Ute S. Frey Richard C. Blum, BS 58, MBA 59, has been Managing Editor named the recipient of the Haas School’s Ronna Kelly, BS 92 2009 Lifetime Achievement Award to recognize his accomplishments in the worlds Staff Writers of business and philanthropy. Valerie Gilbert Pamela Tom

Contributing Writers Leading Through Innovation Bill Brazell, Laura Counts, 11 Adjunct Professor Henry Chesbrough, PhD 97, Jennie Lay, Cyril Manning, receives the Haas School’s first Leading Bill Snyder, K.C. Swanson Through Innovation Award. Design Cuttriss & Hambleton, Berkeley Your Haas Network in Digital Media 12 Profiles of Three Haas School Alumni in Printer Digital Media and Entertainment Fong & Fong, Sacramento Darrell Rodriguez, MBA 94, LucasArts Photography Danae Ringelmann, MBA 08, IndieGoGo Robert Bean, Abhijit Bhatlekar, David Porter, MBA 00, 8tracks Jim Block, Toni Gauthier, Peg Skorpinski, Peter Stuckings Your Haas Network in CalBusiness is published by the Haas School of Business, 14 Profiles of Three Haas School Alumni in Asia University of California, Linh Do, MBA 04, Worldwide Orphanages Berkeley. For further Pashupati Advani, MBA 81, information, contact: Advani OTC Dealers CalBusiness Editor 8 Shaukat Khan, BS 62, Mehboob Film Studios Haas School of Business University of California Berkeley, CA 94720-1900 510-643-0259 Departments [email protected] CalBusiness Fall 2009, Number 71. CalBusiness is published three times 2 In Brief 6 Power of Ideas a year (fall, winter, and spring/sum- Haas, McKinsey Serve mer) by the Haas School of Business, Up Nonprofit Solutions 16 Alumni Notes University of California, Berkeley, CA 94720-1900. Prof. Williamson Wins 28 Haas Alumni Economics Nobel Prize POSTMASTER: Send address Network Worldwidede changes to CalBusiness, Haas New Hires Strengthen Events Haas Faculty Roster School of Business, University of California, 545 Student Services 31 In Memoriam #1900, Berkeley, CA 94720-1900. 5 Innovation Wizards Printed in the USA on recycled paper. Edward Lee and Alex 32 Personal View Fall 2009 Pabon, MFE 02, Petrofix The Road Less Tradedd Printed in the USA. Nikhil Arora and By Tariq Dennison,, Alejandro Velez, BS 09, MFE 04 Printed on FSC-certified recycled BTTR Ventures paper using soy-based inks. Michael Natenshon, To update your address, visit MBA 09, haas.berkeley.edu/alumni/haasatcal Marine Layer and click “My Profi le.” Cindy Karasick, MBA 02, Wrigley Prof. David Teece: 6 How Firms Build Competitive Advantage “We came to Haas because Design Eye for Prof. Oliver Williamson Wins we wanted help creating a 21st century business model to have Tech Program an even greater impact on mil- Senior Lecturer Nobel Prize in Economics lions of girls’ lives by expanding Sara Beckman GoGirlGo! around the country,” has been named says WSF Senior Program the new co- Officer Cicley Gay. faculty director of Hundreds of Haas School faculty, staff, and students toasted InBrief While students in S3 gain the Management News from the Haas School Professor Oliver Williamson on Oct. 12 after he was named a hands-on consulting experi- Senior Lecturer of Technology Sara Beckman winner of the 2009 Nobel Prize in Economic Sciences. ence from such projects, they (MOT) Program. also learn academic frame- MOT is a part- nership between Haas and the works in a course taught by illiamson shares the prize Nora Silver, director of the College of Engineering that focuses on the use of technology with Elinor Ostrom of Indiana Center for Nonprofit and Public University. Both were Leadership, and Paul Jansen, to obtain competitive advantage recognized for their analyses founder of McKinsey’s nonprofit and brings MBA and engi- W of economic governance. The award is the practice and a director emeritus neering students together in the with the firm. The program is classroom. Beckman’s charge second Nobel in economics for the Haas one component of the Haas at MOT includes exploring new School and the fifth for UC Berkeley. School’s nonprofit learning opportunities and integrating the “It’s undeserved I suppose,” Williamson, 77, opportunities — a specialty for program more tightly with the told a crowd of more than 300 people packed which Haas was ranked #3 by Haas School’s “Leading Through into the school’s Bank of America Forum to Innovation” emphasis on US News & World Report. celebrate with him. “I would describe myself 3 developing leaders who know S has served 28 clients since as a conscientious teacher who had a lot of its inception, and Silver has only how to put new ideas to work. Beckman’s efforts pioneering the students who were tolerant and went on to seen demand increase from both do good work.” students and clients. “S3 offers a study of product development Williamson’s work involves a multi- PEG SKORPINSKI high-impact experiential learning and design thinking in the MBA disciplinary field that he mapped out to study opportunity,” says Silver. “It helps curriculum were a key factor that Haas Professor Oliver Williamson answers press students build consulting skills, led BusinessWeek to name Haas how varying organizational structures for questions hours after being named a winner of the 2009 Nobel Prize in Economics. understand the nature of non- one of the world’s top design markets and institutions affect economic profits, and have a real impact in schools in the world. CB activity. One of the world’s most cited overlooked in the world of economics.” the community.” CB economists, Williamson is credited with Williamson, the Edgar F. Kaiser Professor co-founding “New Institutional Economics,” Emeritus of Business Administration and a which emphasizes the importance of Venture Launchpad professor emeritus of economics and law, formal institutions, as well as informal Blasts Off is the author of several books. They include Undergrads institutions such as social norms, and how Budding student-entrepreneurs Markets and Hierarchies: Analysis and Take Two they affect transaction costs. His insights at Haas now have a new step- Antitrust Implications (1975), an economics have influenced everything from electricity by-step guide to help them The Haas Undergraduate classic, and The Economic Institutions deregulation in California to investment successfully get their busi- Program climbed to #2 of Capitalism: Firms, Markets, Relational Women’s Sports Foundation, in Eastern Europe to human resource founded by Billie Jean King, is Haas, McKinsey Serve Up nesses off the ground. The UC in this year’s US News & Contracting (1985), which is said to be the management in the technology industry. among the nonprofit clients Berkeley Venture Launchpad World Report most frequently cited work in social science that have teamed up with the Nonprofit Solutions outlines all of the opportuni- Before toasting Williamson in the BofA ranking, up research. Haas School’s Social Sector ties and offerings available to Forum, Haas School Dean Rich Lyons said Solutions (S3) Program. Pictured 3 from #3 for Williamson is the Haas School’s second When tennis star Billie Jean King years, S has dispatched teams student-entrepreneurs during he “could not do justice” to the depth and here are the foundation’s Cicley decided she wanted to nation- of MBA and undergraduate the previous Nobel Prize Laureate. In 1994, the late John Gay; Kirstin Mennella, MBA 10, the entire life cycle of devel- scope of Williamson’s contributions to the alize a program that promotes students to consult with non- Harsanyi was awarded the Nobel Prize in the student lead on the foun- oping a business, from idea six years. Haas field of economics. “I don’t know how I’m dation’s S3 project; and Nora health and wellness for girls profits like the Women’s Sports Economics for his work in game theory, a creation to going live. While tied for second with MIT going to contain myself,” Lyons said. “I Silver, director of the Center for through sports, the challenges Foundation that are poised to several components of the mathematical theory of human behavior in Nonprofit and Public Leadership, Sloan. Wharton took #1. couldn't be more proud of the Haas School. I 3 seemed daunting. The team at launch entrepreneurial ventures. Venture Launchpad have been competitive situations that has become a which created S . 3 UC Berkeley remained couldn't be more proud of Oliver Williamson. King’s nonprofit, the Women’s S matches each client with in place at the school’s Lester dominant tool for analyzing real-life conflicts Sports Foundation, faced several a custom-built team backed the #1 public university Olly, well done.” Center for Entrepreneurship in business, management, and international questions that did not have easy by classroom curriculum and a and ranked 21st nation- Williamson's son, Oliver Williamson Jr., and Innovation for many years, relations. answers: Which cities should be McKinsey coach. For instance, ally among public and visiting from Poland, handed his father the the Launchpad more clearly (Editor‘s Note: Williamson’s award was targeted? Who are the partners? to help the Women’s Sports delineates which component private schools. phone at 3:30 a.m., saying, “I think this is announced days before CalBusiness went to What is the business model? Foundation develop a plan to can help an entrepreneur at the call.” The elder Williamson said he hopes 3 press. Look for more on Williamson and the Enter Social Sector Solutions, expand its GoGirlGo! Program, S one of seven stages of entre- this recognition “brings more attention 3 impact of his work in the next issue.) or S , a program offered by created a team of Haas students preneurship. The Lester Center and light to a field that has been largely the Haas School’s Center for with a sports or health back- has raised $400,000 for the Nonprofit and Public Leadership ground, led by an accomplished Launchpad, which debuted in partnership with McKinsey equestrian and girls’ mentor, this fall. CB & Company. For the past four Kirstin Mennella, MBA 10.

2 CalBusiness Fall 2009 Fall 2009 CalBusiness 3

Innovation Wizards spotlights Haas School alumni and students Innovationi who are putting fresh ideas to work, whether it's in the form of an InBrief exciting new business venture, a breakthrough new product, or zards novel business model.

Toolkit for workshops are taught by a day as they The center was cre- StrangeStrang Brew: From Fitting Him to a T Chewing on New Ideas cast of high-profile experts. participated in ated with a $750,000 Michael Natenshon, MBA 09, When Wrigley Senior Marketing New Leaders They include William Arruda, a new seminar gift from Steve and Susan CCoffeeoffee to Shiitakes was stuck between a medium Manager Cindy Karasick, MBA Power and Influence, Artful Entrepreneur magazine’s offered by the Chamberlin, former NikhilNikhil AroArorar and Alejandro and a large. He could never find 02, began investigating a new sub- Bragging, and Leading Learning anointed “personal branding school’s recently members of the Haas School VVeVelez,lez, botbothh BS 09, have found t-shirts that fit well. line for Orbit chewing gum in spring Teams are among a dozen guru,” and Srikumar Rao, author launched Center for Teaching professional faculty, who grgroundsounds for a sustainable venture So mid-way through get- 2007, she went well beyond the workshops of the new, care- of Are you ready to succeed? Excellence. The center aims to called teaching one of the — coffee grogrounds,u that is. The pair ting his Berkeley MBA, after typical market research. fully designed Berkeley MBA and an adjunct professor at the equip instructors with the tools hardest things they ever did. coco-founded-founded BTTR Ventures, a firm hearing from other Haas folks In addition to talking with heavy Leadership Development London Business School. CB and support they need to deliver While good teaching makes dededicateddicated tto turning one of the with similar wardrobe woes, Orbit gum chewers, Karasick led Series, aimed at helping top-tier teaching every day. It an impression on students, it largest wawaste streams in the US Natenshon decided to a team that conducted a Berkeley MBA students launched this year with four core is rarely taught to PhDs, notes — coffee ggrounds — into specialty take action. Tapping “deprivation study” become more effective leaders. Honing the Art initiatives: a three-day orientation Adam Berman, executive mumushrooms.shroo his entire sav- with consumers. The new series is designed to of Teaching for new instructors; coaching director of emerging initiatives BTBTTRTR (pronounced “Better”; ings and credit For the first two round out the experience and What made your best teacher services; a mentoring program at Haas. “Fortunately, teaching ststandsands for “Back to the Roots”) cards, Natenshon days, participants knowledge gained by students so great? That was the ques- for instructors; and continuous is a craft,” he says. “And there launlaunchedch in April, thanks to a bootstrapped his couldn't chew gum. For in the classroom and through tion posed to 55 Haas School learning events, including work- is a well-established set of best $5$5,000 prize from Berkeley’s first startup, Marine the next two days, they experiential learning opportuni- faculty members in a campus shops on such topics as experi- practices from which to draw, FillFill ’e’err uupp 22009 Bears Breaking Boundaries Competition. In June, the duo Layer, which went on to couldn’t have mints. For ties at Haas. The interactive conference room one sunny ential learning and technology in as well as a wealth of expertise EdwardEdward LeeLee aandnd AlAlexex PabPabon,on was named among 12 finalists become the subject of the next two days after the classroom. at Haas.” CB bothth MMFEFE 0022, arareepu puttingtt a from more than 1,500 entries a few class projects. that, they couldn't brush cap on gas prices. Their com- worldwide in a BBC/Newsweek “My pricing class did a their teeth. pany, Petrofix, lets commercial competition for innovative grass- project on our pricing, looking at “We found that consumers rinsed “power-users” of gasoline pro- roots projects and businesses. different ways to bundle our shirts their mouths a lot and drank a lot tect themselves against soaring New Hires Strengthen Haas Faculty Roster The company now produces together,” recalls Natenshon, of water,” Karasick says. “They had gas prices — and gain some 500 pounds of shiitake and whose shirts can be purchased at become accustomed to a clean- stability in their budgets. Lucas Davis William Fuchs Ming Hsu Atif Mian Leif Nelson oyster mushrooms a week. marinelayer.com. mouth feeling from chewing Orbit When a customer signs up, from U. of Michigan from U. of Chicago from U. of Illinois from U. of Chicago from UC San Diego Whole Foods Market buys At $35 each, Marine Layer’s gum all the time.” Field: Energy Economics Field: Game Theory and Field: Neuroeconomics Field: Banking, Financial Field: Consumer Petrofix caps its price of gasoline the entire stock, selling the T-shirts aren’t cheap. But they And so Orbit Mist™ was (Economic Analysis Dynamic Mechanism (Marketing) Markets and the Macro Judgment and Decision at the government’s published edibles for $8 to $12 a pound at aren’t your run-of-the-mill, plain born. The sugar-free gum, which and Policy) Design (Finance) “My research uses models Economy, Development Making (Marketing) price on that day. Petrofix then (Finance) Northern California stores. Peet’s white T, either. launched in March, “contains Micro- “The depth and quality “Had I not chosen to become and data from economics “Before earning my PhD in pays the customer when gas of expertise in energy an economist, I would and neuroscience to study “The behavior of financial psychology, I was a radio DJ. and other local coffeeoffee NatenshoNatenshonn found a factory in Bursts™ to deliver a hydrating prices increase above that pub- economics here at Haas is have tried to be a chef, how the brain computes and markets has a profound effect I play guitar — poorly. houses donate Los Angeles to custom-knit the sensation to consumers,” according unsurpassed anywhere.” professional snowboarder, values choices in a variety of on human progress and well- lished cap, through monthly I knit — worse.” grounds, keepingg shirtss from a fiber called modal, to Wrigley. Judging by early num- or safari guide.” financial, social, and strategic being. I wish to understand reimbursements. If the price tons of waste made fromf beech trees, bers, Orbit Mist is living up to its decisions.” these connections.” at the pump dips below the out of the landfill.. whicwwhichh is far more sustain- promises. Just five months after its cap, customers pay the lower And post-harvestt ablea tot produce, stronger, debut, Orbit Mist gum is now the pump price. grounds rich in andana d softer than cotton. second-fastest growing gum brand Petrofix charges customers a protein and nutri-- AndA then there are launched over the past three years, fee of approximately 10 percent ents are donatedd ttoo the ssizes: smedium, according to Nielsen data. to 15 percent of the govern- local nonprofit urbanrban medium,med marge, large, And Karasick, meanwhile, has ment’s published price per gallon. farms for compost.st. larglarger,er extra-large. Marine moved on to her next project, So if the government’s rate is Inspiration for the LayeLayerr also washes the which she remains tight-lipped $2.66 per gallon and a customer venture struck in shshirtsirts in hot water four about for now. buys a three-month plan using Lecturer Alan Ross’oss’ timetimess to limit shrinking to an estimated 5,000 gallons per business ethics non moremor than a quarter of month, Petrofix would charge class, where Arorara and an inch.inch. 27 cents per gallon multiplied Velez learned about rural The company’s logo: a by 3 multiplied by 5,000, or women in Colombia and Africa hammock hanging from the $4,050. using coffee pulp to grow mush- Golden Gate Bridge. Not that “The purpose of the plans for rooms to fight malnutrition. Says Natenshon has any time to relax customers is not to make money Arora: “Alex and I were inspired though. He says without regret: if prices go up,” Pabon explains. to see how we could use this “This takes every single minute “It’s to protect customers from newly learned fact to turn waste of my time.” loss. It’s very similar to insurance.” into high-end mushrooms in coffee-addicted urban America.”

4 CalBusiness Fall 2009 Fall 2009 CalBusiness 5 New Faculty Books

Restoring Financial Stability: Power of Ideas How to Repair a Failed System By Pamela Tom Chapters authored by Dwight M. Jaffee, Willis Booth Professor of Wisdom from an Innovation Master A New Way to View Asset Pricing Banking and Finance Prof. David Teece outlines how firms build Finance Prof. Nicolae Gârleanu explores the risk Wiley competitive advantage of innovation shocks HousingHoH Markets and thetthe Economy: Risk, Regulation,RRe and Policy In a new book, In his new book, Teece introduces “Innovation” perform as well and the existing or Co-editedCo by John M. Quigley, Professor David readers to three classes of capabilities, immediately ‘old’ workers suffer in relative terms,” DonaldDo Terner Distinguished Teece builds which he describes as sensing, seizing, denotes brilliance says Gârleanu. “At the aggregate level, ProfessorPr in Affordable on his research and managing threats/transforming. and discovery. In the human-capital risk makes workers HousingHo and Urban Policy LincolnLiin Institute of Land Policy on “dynamic The framework identifies mechanisms the realm of asset reluctant to hold stock of existing firms, capabilities” to by which entrepreneurially managed pricing, however, since their profits are collectively at FinancialFinancia Sector Development create a framework firms can sense or identify opportunities; innovation can risk from new entrants and therefore in the Pacific Rim for understanding seize these opportunities and capture become a risk. Haas do poorly precisely when their earning Co-edited by Andrew K. Rose, Bernard T. Rocca Jr. Chair in International School Assistant how firms develop value from innovation; and have the power declines.” The result is both a Business & Trade and maintain capacity to transform internally not only Professor Nicolae higher equity premium (low stock prices University of Chicago Press competitive advantage in global markets. to survive but to thrive. Gârleanu created a financial model relative to bond prices) for investors and “This is a capstone that can pull Teece’s work focuses on managing that reveals that a “shock” of innovation a lower interest rate in the economy. Policymaking in Latin America: How Politics together the intellectual grit that assets and building capabilities within at a given company decreases human “The model also implies that Shapes Policies constitutes what every firms. He maintains that capital in competing companies that firms that benefit from innovation are Co-edited by Pablo T. business school tries to buildingbu the organization’s do not innovate. Consequently, asset more desirable, as they hedge against Spiller, Jeffrey A. Jacobs teach,” Teece says of his capabilities,ca rather than the pricing models must factor in the risk of innovation risk, and therefore have Distinguished Professor of new book, titled Dynamic individual’s,in is the key to innovation to ensure balance within the high prices,” Gârleanu further explains. Business and Technology Capabilities & Strategic competitiveco advantage. market and profit among equity holders, “These firms are actually known as David Rockefeller Center Management: Organizing for One premise behind Teece’s he found. ‘growth’ firms due to their potential for for Latin American Studies/Inter-American Innovation and Growth. 25 years of research is the An infusion of innovation commonly innovation. One widely observed feature Development Bank Teece, an authority on needne to study competition in implies increased efficiency, productivity, of financial markets is that such firms the theory of firm and theth ecosystem. Teece purports profits, and competition. In their have high ratios of market prices to The Business of Media working paper “The Demographics of Distribution -- Monetizing Film, strategic management, industryin is not the only unit of book prices, and tend to perform more TV and Video Content in an coined the term analysis,an but it is also necessary to Innovation and Asset Returns,” Gârleanu poorly on average than low market-to- Online World “dynamic capabilities” observeob the role of government, and co-authors Leonid book firms, or ‘value’ firms. The Jeff Ulin, Lecturer more than a educationaled institutions, and Kogan of MIT and “When innovation paper justifies these empirical Elsevier (Focal Press) decade ago. The focus: how other players in the ecosystem. Stavros Panageas findings by explaining why is particularly Seven Steps to a firms innovate in the global In his book, Teece integrates of the University of successful, in growth firms are less risky than Successful Startup marketplace and how they multiple disciplines to give his readers Chicago determined the context of value firms.” Naeem Zafar, Lecturer need to be managed in order a framework for thinking about top that innovation also “Innovation correlates when our model, two Five Mountain Press to survive in rapidly changing management decisions. He draws on constitutes a risk factor growth firms do well, and high business contexts. economics, finance, organizational for asset pricing. things happen: innovation is also a measure for Capabilities refer to a behavior, marketing, strategy, and For example, take The old firms don’t workers,” adds Gârleanu. “The business enterprise’s ability decision theory. Amazon and Barnes perform as well reason why the older workers are the distribution is such that part of the to mold assets to respond to “I’m trying to do for the firm what & Noble, competing and the existing or disadvantaged is because they population is hurt.” changing technologies and Adam Smith tried to do for the nation,” book and music ‘old’ workers suffer can’t ‘insure’ themselves against The model does not imply that there markets. Teece’s seminal paper on Teece says, referring to Adam Smith’s retailers. As computer in relative terms.” the risk of innovative times.” is only a small role for experience in the the topic, “Dynamic Capabilities book The Wealth of Nations. “Believe it technology developed, The researchers studied workplace; “old” knowledge is still very and Strategic Management,” or not, nobody is really trying to build the birth of the Internet —Prof. Nicolae an “overlapping-generations important in many industries. “We’re published in 1997 in Strategic a comprehensive framework to explain served as a shock of Gârleanu economy.” In this model, as looking at the risk,” Gârleanu says. “It is Management Journal, has been wealth creation and maintenance by innovation. Amazon, in real life, people join the precisely when innovation is bigger than recognized by ScienceWatch as firms, despite the importance of the as an innovator, built its business online economy over time. average that older workers perform more the single most cited article in subject. I’m trying to explain the essence and outperformed Barnes & Noble. “If you look at the gross domestic poorly than younger workers.” the business and economics of what it takes to build and sustain Barnes & Noble, originally a brick-and- product, when innovation is high, The paper concludes that the category from 1995 to 2005. competitive advantage in a highly mortar store, took its time to adopt GDP grows. Overall, there is more to standard aggregate asset pricing model competitive world.” new technology and sell goods online. consume. However there is a distribution must be augmented to consider the risk As a result, without innovating, Barnes issue. When innovation is high, a posed by innovation. It suggests that the & Noble eventually had to close some disproportionate portion of output goes way to cushion major innovation shocks stores and lay off workers. to the innovators, the young people, is investment in growth stocks and “When innovation is particularly at the expense of the older people,” potential innovation. successful, in the context of our model, says Gârleanu. “Overall, it’s good but two things happen: The old firms don’t

6 CalBusiness Fall 2009 Fall 2009 CalBusiness 7 2009 RECIPIENT Lifetime Achievement Award

Nawang’s service here would never have been pos- The offices house both Blum Capital Partners, which sible without Richard C. Blum, BS 58, MBA 59, the Blum founded in 1975, and his American Himalayan prodigious private equity financier and philanthropist Foundation, the humanitarian organization that carries who has made helping her people one of his life’s on his vision for helping the Himalayan people. On greatest passions. the business side, Blum Capital’s staff includes invest- In 1968, on his first trek in the Himalayas, Blum ment professionals typical of a private equity firm and struck up a strong friendship with a Sherpa guide portfolio managers who invest in public stocks. This named Passang Kami, Nawang Doka’s father. A few structure mirrors what Blum calls his firm’s “hybrid years later P.K. (as he was known) confided that investment strategy” of focusing as much on adding without an education, his five daughters would surely value to companies as on acquiring and selling them. spend the rest of their days carrying loads over the “We will do buyouts like anybody else,” Blum mountains. “At that time no Sherpani had ever gone explains, “but we look for value in the market. We take to high school,” says Blum. “I said, ‘P.K., your daugh- large positions in companies and work with them — ters are daughters to me; you get them into school, sometimes for a decade or more.” and I’ll pay for it.’ We educated all five; two went on His early successes included Ringling Bros.-Barnum to college in the US; and the youngest one, Nawang & Bailey Circus in the Doka, went on to become a dentist for her people.” late 1960s with previous Blum’s commitment to those five Sherpani employer Sutro & Co. and girls is typical of his approach to investing in busi- Northwest Airlines in the nesses, philanthropy, and friendship: Dick Blum late 1980s. During the PEG SKORPINSKI PEG SKORPINSKI invests for the long term, has a knack for seeing dot-com bust, Blum’s firm and nurturing latent value, and ultimately, cares first acquired a majority interest and foremost about improving human lives. The in CB Richard Ellis, now Haas School has named Blum the 2009 recipient the world’s largest real of its Lifetime Achievement Award to recognize his estate firm, where Blum still countless achievements in the worlds of both busi- serves as board chairman. ness and philanthropy. Most recently, one of “Dick Blum is an exemplar of the type of leader Blum’s holdings — Myer, Although Blum’s cordial ties to Chinese leaders have that Berkeley-Haas strives to produce,” says Dean Rich Australia’s largest depart- helped him penetrate Chinese equity markets, he counts Lyons. “A pioneering businessman, he invested in Asia ment store chain — was the Dalai Lama among his personal friends. Here Blum joins the Dalai Lama in April in Berkeley, where the Dalai Lama decades before others, but didn’t stop there. He also moving forward on an IPO gave a speech and Blum received the Berkeley Medal. dedicated himself to improving the lives of people in to raise up to $2.5 billion remote regions of Asia through his philanthropy and (Australian dollars). Blum hard work.” Capital was part of a con- At 74, Blum has proven beyond all doubt that his sortium that acquired the firm in 2006. If the IPO is approach is a recipe for success. Born the son of a successful, Blum and his limited partners will enjoy a clothing salesman who died when he was 10, Blum return of approximately seven times on their money. attended San Francisco public schools, earned a During the pre-recession equity frenzy, Blum’s BS and MBA from Berkeley, and went on to build approach may have looked downright conservative, but a fortune worth hundreds of millions of dollars by in retrospect it seems instructive. “Over a period of 30 investing in troubled, undervalued corporations and years, I would say our balance sheets have about one- breathing new life into them. His astute business skills third the leverage of the average private equity guys, On the cold slopes of the have played no small role in his other pursuits, from and nonetheless our returns over that period have been his leadership on the UC Board of Regents to his phil- right around 20 percent. So I guess we must have done Business approach to Everest, the anthropic endeavors in the Himalayas. something right,” he says. Along the way, Blum also has helped his wife, US world’s highest dental clinic sits at Leading Change at UC Sen. Dianne Feinstein, with numerous successful polit- 11,600 feet. Here, Nawang Doka ical campaigns. Married in 1980, the couple share a Blum’s skill at getting results has been just as critical Beyond passion for politics, civil rights, and of course, family — to his high-profile role on the UC Board of Regents. Sherpa tends to Sherpas, Tibetan including their four daughters and six grandchildren. As chairman, he issued a scathing public critique of people, and trekkers in a land the university system and went on to lead a sweeping Borders Hybrid Strategy leadership overhaul in the office of the president. where, until recently, children Blum is known as a tough negotiator, but he takes spiri- Over 18 months, the administration substantially tual cues from his time in the Himalayas and his close downsized its bureaucracy and cut operating costs by From Everest to San Francisco, had four times the normal level friend, the Dalai Lama. His downtown San Francisco $169 million a year. And “the team of people there now Alumnus Richard Blum of tooth decay and locals blamed office could rival a museum of Himalayan art, adorned is infinitely better,” Blum says, referring to UC President with ornate Buddha statues, painted and embroidered Mark Yudof, whom Blum personally recruited. Touches Many Lives evil spirits for such problems. scrolls known as Thangkas, and a colorful Tibetan prayer Blum also took a hard look at the University of wheel that stands just outside Blum’s private office. California’s balance sheet. “There was a time when By Cyril Manning

8 CalBusiness Fall 2009 Fall 2009 CalBusiness 9 Blum, left, with children in Tibet, is the founder and chairman of the American Himalayan Foundation, which takes care 2009 RECIPIENT of 25,000 people every day. Leading Through Innovation Award

are addressing issues such as good government and human rights. And a new minor in global poverty in practice is housed within the Blum Center. Prof. Henry Chesbrough, PhD 97, Honored If Blum seems keen to expose students to the reality of global poverty, disease, and malnutrition, it’s likely because for Developing New Innovation Paradigm he truly knows the transformative power of such experiences. “I would say that not merely have I been changed” by the Himalaya, he has written, “but I have been transformed By Laura Counts Blum, right, in front of by the great inner strength of the people of this mountain Everest, dreamed of range, and by their lessons of caring and kindness.” hen Adjunct Professor Henry ences, and knowledge about innovation management. climbing the mountain Chesbrough, PhD 97, coined the term “Henry Chesbrough has been a leader in developing ever since photos of the Blum’s love for the region and its people, and his Himalayas in National deep, lasting concern for the chronic poverty, malnutri- “open innovation” in a 2003 book, he new theories about innovation and has been especially Geographic captured his was a bit ahead of his time. Companies successful in helping put these new ideas to work — the attention as a child. tion, and displacement he has witnessed there led to his creation of the American Himalayan Foundation (AHF), were still in survival mode after the dot- definition of Leading Through Innovation,” says Dean Rich with help from such partners as the Dalai Lama and Sir comW implosion, and the idea of throwing open their doors Lyons. “In so doing, he has created stronger links between Edmund Hillary, one of the first people to reach the to the free flow of ideas seemed risky. our school and the business community. His work is also we were told we had very little debt capacity, about summit of Mount Everest and founder of the Himalayan Six years later, Googling the term “open innovation” having a positive impact on our society as a whole.” $7 billion, but it wasn’t really true,” Blum recalls. “We Trust. Blum’s AHF has about 175 active projects, including yields more than 30 million results, and Chesbrough has In addition to leading the Center for Open Innovation, found that we really had about $11 billion available to clinics, schools, elder care, and conservation efforts. become widely recognized as one of the nation's leading Chesbrough is now researching his third book, which us if we were willing to go down to a single-A (bond) “He really cares, not in a syrupy way, but in a from-the- thinkers on the topic of innovation. Chesbrough’s theory centers on the services sector. One of his subjects is rating. We took some arbitrary debt caps off. For heart way — like it’s in his DNA — about people who are that companies should use global connectivity to their Spain’s quirky El Bulli restaurant, lauded as one of the example, Berkeley had a $50 million debt cap. That poor or struggling,” Erica Stone, MBA 87, AHF’s longtime advantage by seeking external ideas outside their own world’s best — and most experimental — restaurants. Its frankly won’t keep your plumbing up to date.” executive director, says of Blum. “I’ve been trying to keep up walls — while sharing internal ideas they can’t use with menu relies on the research of an outsider: Hervé This, Blum’s dedication to the UC system stems not only with him and the myriad ideas that pour out of him every other firms — has become one of the hottest recent busi- a French chemist who pioneered molecular gastronomy, from his loyalty to his alma mater but also a strong day for 18 years now, and I love being on his team getting to ness trends. making possible such creations as slinky-shaped spirals of belief in its role serving California and the world. He figure out real and practical ways to make the world better.” Chesbrough has been selected as the first recipient of solidified olive oil, liquid ravioli, and frozen chocolate air. has been involved with Haas for more than 50 years, Indeed, it was Blum who urged Stone to earn her the Haas School’s Leading Through Innovation Award “El Bulli’s business model is almost as interesting as serving on its advisory board and as president of MBA from Haas. “There are a lot of well-meaning people in recognition of his pioneering scholarly efforts in open its cuisine,” Chesbrough says. “Instead of riding the crest the Cal Business Alumni Association. He was named that try to go out into the world and do great things,” innovation, innovation in the services sector, and the of popularity, they deliberately shut down six months the Haas School’s alumnus of the year in 1994 and Blum says. “But whether that is running a few schools in processes of industrial research and development. The every year to research their new menu. They also actively received the Berkeley Medal, the campus’s highest Namibia or encouraging carpet weavers in Tibetan refugee new annual award is being established this year pursue outside partnerships — with a snack-food com- honor, from Chancellor Robert J. Birgeneau in April. camps, the basic skills of business are really fundamental.” to celebrate Haas alumni who have achieved pany, a hotel, and an airline — which is very unusual for “UC Berkeley has never had a more passionate or “At the end of the day, really the only way you’re excellence as innovative leaders and who a high-end restaurant.” dedicated advocate than Dick Blum,” says Birgeneau. going to break people out of poverty is to grow enter- embody the principles of the school's Chesbrough’s first book, Open Innovation: The New “He has repeatedly invested his energy, influence, and prise and employment,” he adds. Leading Through Innovation strategy, Imperative for Creating and Profiting from Technology, came personal resources in Berkeley’s students and faculty. thus serving as exemplars to others in the out when corporate R&D departments had been cut to I know from personal experience that this is not just Pioneer in Asia Berkeley-Haas community. ribbons but globalization made it impossible to have a because of his fond memories of attending Berkeley This philosophy explains Blum’s investment approach in “Haas is really undertaking a bold monopoly on good ideas. IBM and Proctor & Gamble in the past, but because he truly believes in the role of Asia and the developing world. In 1994, Blum co-founded experiment in focusing the school on were the first corporate stalwarts to seize on Chesbrough’s Berkeley’s students and faculty in alleviating poverty Newbridge Capital, one of the first private equity firms leadership through innovation,” open innovation theory, actively promoting it through and creating more just societies.” dedicated to Asian markets (now a Texas Pacific Group says Chesbrough. “Many schools special divisions. pride themselves in leading His 2006 sequel, Open Business Models: How to Thrive in Tackling Global Poverty subsidiary, TPG Asia V, of which Blum is chairman). Blum hired another Cal grad, Peter Kwok, MBA 80, PhD 81, through research, but leading the New Innovation Landscape, used case studies to explore Perhaps nothing demonstrates this belief more than as the fund’s first managing director. Among the fund’s through innovation is the importance of incorporating open innovation into Blum’s more than $30 million gift to create and build investments: Korea First Bank, one of Korea’s largest quite different. It a business model. Chesbrough cites the case of Apple, a new facility for the Richard C. Blum Center for banks and a successful turnaround in early 2000. recognizes there is which amplified the value of the iPhone and iPod by Developing Economies, where faculty and students “You find that in places like Korea, China, and India, value not only in dis- encouraging others to develop applications for them. from Haas and across Berkeley focus on creating sus- once someone has an income of a few thousand dollars covering ideas, but While he began his research with a Silicon Valley focus, tainable solutions to global poverty. or more they’re a potential bank customer,” Blum says. in translating them into Chesbrough says his theories extend across all sectors, “One day walking across campus with Chancellor “But these countries really didn’t have any banking system the market.” from consumer goods to pharmaceuticals. Although many Birgeneau, it just struck me that you can’t find one that caters to those people so someone can buy a washer Chesbrough has companies are still unfamiliar with or resistant to open kid on the Berkeley campus who doesn’t care about or maybe put a little money toward an apartment, car, or been at the forefront of that innovation. Chesbrough finds particular satisfaction in the climate change, environmental issues, or making the whatever. So firstly, investing there is a good business. And approach. He directs the Center fact that more and more of his students are going on to world a better place,” says Blum. secondly, it helps change people’s lives.” for Open Innovation at Haas jobs with “open innovation” in the title. The center’s projects have included designing “I really like to invest in companies that help people and he founded the Berkeley “Students call me and say they are doing exactly what devices for safe water and sanitation, developing grow and prosper in their own lives,” Blum adds. “I’m still Innovation Forum — a group of we talked about in class. They are the ones putting it into technologies to help the rural poor, and nurturing a deal junkie. But my highest rates of return are seeing 30 companies in a wide range practice," he says. “Then it comes full circle when I invite local entrepreneurs and markets to help communi- how you can change people’s lives, whether on the Berkeley of industries that meets twice a them back to talk about it, to keep us current.” ties become self-sufficient. Students and faculty also campus or in a village in the Himalayas.” year to exchange ideas, experi-

10 CalBusiness Fall 2009 Fall 2009 CalBusiness 11 David Porter, MBA 00 CEO, 8tracks Your Haas Network in Digital Media New York David Porter, MBA 00, is making a career out of music. Not playing or singing it — sharing it. Darrell Rodriguez, MBA 94 Ever since he was a teenager, Porter, now CEO of 8tracks, has been President, LucasArts interested in both music and business. When he was 15, a Rolling Stone San Francisco article about an investment banker’s SoHo loft piqued his curiosity about a banking career. After majoring in accounting, he landed an auditing job Welcome to the world of management, Darrell Rodriguez-style: with Arthur Andersen. a cubicle instead of a corner office; a polo shirt instead of a suit; Then another magazine — Wired — caught Porter's eye, and he became and a Facebook page instead of a club membership. increasingly fascinated by the Internet after reading Wired columnist Eighteen months into his job as president of LucasArts (the Nicholas Negroponte’s 1995 book Being Digital. interactive game division of Lucasfilm), Rodriguez, MBA 94, The next year, Porter rode the Andersen job to London, then the has the fun of supervising the creative teams responsible for center of electronic music. Porter saw that Negroponte was right: Music developing a string of video games rooted in the Indiana Jones would soon be digitized, and thus more widely available. Watching a DJ and Star Wars franchises as well as other new games — and the get $50,000 in one night just to pick music, Porter saw the value of a worries of piloting a consumer-products company through the great tastemaker. worst recession in decades. Porter observed that while buying music from a store benefited labels “You’d think that our business would be immune to the and top-selling musicians, the abundance of music on the Internet plays downturn,” he says. “But that’s not the case.” Retailers are to curators. His vision was to bring a new level of organization to online struggling, disposable incomes are shrinking, and the video tune discovery. game industry is still waiting for the next generation of So he came to Haas and landed an internship at Liquid Audio, the first hardware that will drive sales of faster, cooler games. company to deliver secure music online. Porter dug into the details of royal- If the job is stressful, it doesn’t show. At 43, Rodriguez, a ties and talked to venture capitalists about his own plan to organize social Bay Area native and seventh-generation Californian, is trim and music sharing. “It’s novel,” they said, “but you need real-world experience.” relaxed. For inspiration, he can look across the lush expanse Porter took their advice and after graduation became a business of San Francisco’s Presidio, where LucasArts is based. And for development manager at Live365, the largest user-programmed Internet relaxation there is a conference room with a full complement Danae Ringelmann, MBA 08 radio network, where he stayed for six years. In fall 2006, he founded 8tracks. of video games, from the LucasArts hit Star Wars The Force Co-Founder, IndieGogo The name describes each mix its volunteer users create: at least 30 min- Unleashed to another Rodriguez favorite — Left 4 Dead. San Francisco utes of music, which usually means eight tracks. “8tracks provides a simple Left 4 Dead isn’t much like the family-friendly games The opening shot of Danae Ringelmann’s future came at a “Hollywood and legal way for people to create and share playlists,” Porter explains. published by LucasArts; it’s a product of Rodriguez’s previous meets Wall Street” networking event in 2002. Then a 22-year-old 15,000 DJs have made 40,000 mixes across every genre imaginable. employer — Electronic Arts, where he served as COO of its newbie investment banking analyst covering media and entertain- 8tracks soon plans to charge DJs a subscription fee to access analytics and Los Angeles game development studio — and is unabashedly ment, Ringelmann found herself the center of fawning attention — earn revenue from the sale of tracks from their mixes. gory. Content aside, the significant difference in the two jobs simply because of her JPMorgan nametag. “There are two ways people have discovered music traditionally,” Porter stems from EA’s status as a public company, while LucasArts “Everyone else there was a filmmaker looking to fund their project, says. “Word of mouth and radio. What we do blends both, on a global scale.” is privately held. “It’s liberating being at a private company. so I was very popular,” laughs Ringelmann, MBA 08. “When a 70-year- Decisions don’t have to be made quarter to quarter. We think in old FedExed his script, pleading for my help, it just clicked that there terms of years,” Rodriguez says. should be a better way to do this.” Rodriguez’s career path to LucasArts has hardly been a Ringelmann’s initial idea to set up an independent film investment straight line. He earned a landscape architecture degree from fund drove her to Haas, where it morphed into IndieGoGo. Along with Cal Poly San Luis Obispo. A long-held desire for an advanced Eric Schell, MBA 08, and his former colleague, Slava Rubin, Ringelmann degree led to Haas, followed by jobs at EarthLink and Disney. A hatched a plan for a social marketplace where independent filmmakers formal business education, he says, was could interact with fans, raise money, and build a following. essential in bridging the gap between the Join the Berkeley “Just weeks after I pitched it to VCs in my social entrepreneurship creative outlook — his natural inclination Digital Media & class, we went to Sundance 2007 with a one-line description,” says — and the broader view required of a top- Entertainment Ringelmann. “One year later, we were back at Sundance to launch.” level manager. Club to meet more Since then, IndieGoGo has become the most trafficked site for inde- Rodriguez finds social networking Haas alumni in this pendent film funding, helping raise over $130,000 and showcasing sites like Facebook and Twitter essential exciting, fast-paced more than 1,900 projects from 90 countries. When IndieGoGo cel- for staying in sync with “the Gen-Yers” field. Email Christian ebrated its first anniversary at Sundance 2009, Robert Redford himself who are both his employees and Oestelien, MBA 06, offered kudos. customers. Similarly, working in a low- christian.oestlien@ The site allows filmmakers to post free project profiles and then “sell” walled cubicle instead of a private office mba.berkeley.edu. production perks — a film credit, access to the set, an extra role, or even makes communication with his team a character name. The site’s most successful film to date is Tapestries of simpler and more effective. Hope, a documentary about the AIDs crisis in Zimbabwe, which raised For the man who collected Star Wars and Indiana Jones $22,000. IndieGoGo takes a 9 percent cut of funds raised action figures as a boy, playing a role in the ongoing fantasy Ringelmann, who handles finance and customer development, created by George Lucas is clearly a delight. “It’s impossible stresses that crowd funding is just one element of the site. “We’re not to work at LucasArts and not constantly remember your first here to replace other funding channels, but to complement them,” she Star Wars moment and feel the passion that comes from says. “The minute someone gives even $1, they are emotionally con- everyone that works here,” Rodriguez says. nected, and they become your best promoters.”

12 CalBusiness Fall 2009 Fall 2009 CalBusiness 13

Shaukat Khan, BS 62 Director, Mehboob Film Studios Your Haas Network in Bandra, India Deep in the heart of Mumbai’s suburb Bandra, where film stars’ man- sions bump up against an urban slum, Shaukat Khan, BS 62, runs one of the five great Bollywood studios, Mehboob. On any given day, six Linh Do, MBA 04 studio stages host four to six film or photography sets, from product Country Director, Worldwide Orphans shots to educational films to the song and dance of Bollywood. Foundation Khan inherited the studio from his father Mehboob Khan who Ho Chi Minh City, Vietnam put it on the map when his iconic film Mother India won an Academy When helping orphans with HIV/AIDS in Vietnam, Linh Do, Award nomination for best foreign film in 1958. Today, the patriarch’s MBA 04, approaches her work much like any entrepreneur, two sons guide the future of the family business. albeit one attuned to social rather than financial payoffs. To prepare for his role, Shaukat Khan came to California in 1959. Since being hired as Worldwide Orphans He enrolled at UC Berkeley because he enjoyed its unique culture Foundation’s (WWO) second Vietnam-based employee and stimulating sense of camaraderie. in 2006, she's built a core staff of 15 and played an “Berkeley was a thorough education,” he says, “both inside and integral role in the development of WWO programs to outside the classroom.” help orphans infected and affected by HIV/AIDS. Her Khan enjoyed the balance of business and marketing classes position as Vietnam country director has demanded as matched with campus offerings in sociology, psychology, and polit- much energy, perseverance, and creative thinking as her ical science. “I received a very well-rounded education, which gave previous work founding a startup. me the confidence to talk to professionals in all different disciplines,” “We’re trying to do things that are quite innovative for he says. “I am very grateful for that.” Vietnam,” says Do, who believes her biggest accomplish- Back in India, he applied his new skills and confidence to work ment has been helping reduce the stigma experienced by Pashupati Advani, MBA 81 his way up to director of Mehboob. Thanks to corporate funding, orphaned children with HIV/AIDS. Bollywood has been booming and so have real estate prices in Under Do’s leadership, WWO has created a network Director, Advani OTC Dealers Bandra. As a result, the Mehboob studio — and others like it — sit of community workers to provide outreach to HIV/AIDS Mumbai, India on valuable real estate; some studios have started moving far to the orphans. One flagship WWO program offers a small sti- Hedge fund advisor Pashupati “Putty” Advani, MBA 81, left his native north where land prices are still reasonable. pend to people from the local community to spend daily India as a young man to study engineering in London, then business “Things are changing,” says Khan. “But one thing is clear: People one-on-one time in orphanages with infected children. at Berkeley. The combination, he thought, would serve him well for will always go to the movies and watch television — it’s an essential The program fills a major gap in treatment for institu- a career in Silicon Valley. But the school’s faculty pointed him on a part of life in India.” tionalized children, who are often developmentally delayed different path. Khan speaks little of his own accomplishments. But as the film due to limited emotional support compared to what a Professor Leo Helzel recognized Advani’s financial skill and inter- industry has changed, he has deftly reinvented his father’s famous family setting provides. Programs from the US government ested him in pursuing a career at a top financial firm. He earned his studio to keep up with the times. Instead of producing its own films, and the Clinton Foundation ensure children with HIV/ first stripes in that field at Kaiser Aluminum, thanks to a new learning Mehboob now rents its facilities and is equipped and staffed to AIDs can receive free medicine. But Vietnam suffers from partnership with Kaiser Aluminum created by then-Dean Earl F. Cheit. accommodate the ever-changing needs of film producers, adver- a shortage of trained social workers because academic Signing up to assist Kaiser’s retirement committee, Advani got tising creatives, photographers, and other media professionals. training in social work was mostly shut down for more than a chance to work directly with the firm’s treasurer. He was soon In honor of the past, the corridor to Khan’s office is lined with two decades after 1975. asked to prepare a report on a novel idea: how real estate could classic Bollywood posters. Khan’s favorite films? Billy Wilder’s Sunset Although Do was born in Vietnam, she and her family serve as an investment instrument for the pension fund. Kaiser Boulevard and Satyajit Ray’s Pather Panchali. “They’re brilliant,” he says. left as political refugees in 1979 when she was still in accepted his proposal. “Both these films will stay with you long after you have left the theater.” preschool, eventually settling in St. Louis. She first exer- His success was no accident. Loading his MBA with finance courses, cised a strong entrepreneurial streak after graduating Advani had made sure to learn from the best: taking options with from Stanford in 1998, when she founded a company to Professor Mark Rubinstein and real estate with Professor Ken Rosen. recruit new college grads for dot-coms. “I wanted to focus Then, with an MBA and some marketable experiences in his on one project and see the results,” she says. “But I real- pocket, he moved to New York to work as a bond trader, first at ized that while that was making a change, it wasn’t really Goldman Sachs, then at Bear Stearns, which ultimately wanted him the change that was close to my heart. It’s working with to open its first office in India. people who are impoverished that motivates me.” The Asian financial crisis foiled those plans, but Advani decided Do, who went to Haas with the goal of working in to return to India anyway — even without a job. The time was right nonprofit management, has been able to apply what she for him and the opportunities abounded. Once there, he created a learned in areas such as marketing, strategy, and organi- thriving business in Mumbai in the early ’90s, advising hedge funds zational behavior to running WWO’s Vietnam office. on everything from investments to governance and regulatory issues. Her business degree also helped WWO land a sig- The business has taken a big hit in the recent financial crisis, but it nificant grant from USAID, the government aid agency. is faring better than most of its Indian counterparts. “These are struc- Do and her team beat out some 750 other nonprofits to tural issues,” says Advani. “The whole world is adjusting down.” win a $1.7 million, three-year grant from USAID. Do was In the meantime, Advani stays in touch with several of his Berkeley told that because of her MBA, “the donor agency felt like buddies. And, in spite of much work and travel, he volunteers fre- there was somebody there who had some training and quently for the MBA admissions office, interviewing Indian applicants. would use the funds efficiently,” she recalls. “I received an excellent education, and I feel it’s important to give The grant will fund another innovative project that something back,” he says. Besides, it keeps him plugged into the Do helped conceive: a new WWO program to improve frame of mind of the 25- to 30-year-olds and allows him to exchange training for social workers and other people who work new ideas, he says. “It’s always nice to get a new perspective.” with children and families infected by HIV in Vietnam. 14 CalBusiness Fall 2009 Fall 2009 CalBusiness 15 would add to the study that late tech sector, but his business has to low-income communities in 1973 in life, with broad experience, one been in the tank lately, to say the the countries we served. Since James McWalters, BS, see can put together several or many least. In October, Bill’s search for retirement, my main priorities have MBA 1975 notes. disciplines and conceive new a new contract was interrupted been to seek the proper advice correlations that are unique. We by emergency surgery for the to devise a financial plan that will Fred Sheng, BS, see MBA (oldies scientists) now don’t care repair of an “acute ’Stanford’ sustain a comfortable retirement, 1975 notes. what others say and we may just type A aortic dissection.” (He find interesting part-time work to do. Keep learning and studying usually omits the “Stanford” part stay fit and keep the Alzheimer’s 1974 Alumni Notes and you may have a new creative when describing the event.) He away, and travel as often as we Arnold Nixon, BS, of News from Haas Alumni period much older than you think.” was lucky to have survived. The wish. To this end we planned Petaluma, Calif., is CFO at Icore Submit your news online at surgeon tells him that only 20 an extended cruise through the International, a division of Zodiac http://haas.berkeley.edu/alumninotes 1952 percent make it. He is now doing Panama Canal, Costa Rica, and Aerospace. He is married to Kassie Keith Brooks, BS, of Walnut great, walking, talking, exercising, the Mexican Riviera in October. and has three children, Jenny, Kate, Creek, Calif., is a member of the and generally exhausting himself From mid-December through and Maggie. He holds an MBA in 86th Blackhawk Infantry Division on a regular basis. He is rapidly mid-January, we’ll be in Ecuador, finance from San Francisco State Undergraduate Association. In September 2009, working toward the “normal” state South America, enjoying part of University (1981) and is a Sonoma Haas Alumni Network Partners with he attended the last reunion and looking forward to attending the Christmas holidays with the County planning commissioner, 1947 of the association in San Luis his 55th reunion of the Palo Alto grandkids, our daughter’s family, a board member of Redwood Heidrick & Struggles To Tap C-level Advisors Dick Halliday, BS, writes, Obispo, Calif. High School Class of 1954. His and former co-workers’ families to Empire Chapter of APICS, and “In early July, with wife Lois – wife, Carole, retired in 2002. bring in the New Year!” a board member of Santa Rosa Earl Goldman, BS, writes, also 1947 – I took a great trip to She is doing well after recovering Manufacturing Group. The Haas School is among a than a full-time position. We also are beginning to “Living in Rossmoor in Walnut Alaska with eight of the ten other from back surgery, which she 1965 few select business schools see organizations recognize the value of being able Creek, Calif. Still working as an members of our immediate family. had shortly after Bill’s emergency. Vijay Kumar Pandit, BS, 1975 teaming up with execu- to get work done more efficiently by bringing in independent insurance broker. Started in Anchorage and then What a way to end 2008! 2009 of Mountain View, Calif., is a John Lukrich, BS, of Los tive search firm Heidrick & such business accelerators. Having fun traveling. Recently flew to Brooks Lodge to watch is much better thus far and get- member of the Board of Advisors Altos, Calif., writes, “After gradu- Struggles to offer a new set been to Russia, China, India, and Q. How do you define senior- or C-level the bears fishing in the river and ting better day by day. They enjoy of InternetSpeech, based in San ating I worked for Ernst & Young Africa. Will be 80 in January. of opportunities to senior executive? all around the lodge. Fantastic spending time with their 18 grand- Jose. He writes, “I have primarily CPAs. Then in 1990, I became Children and grandchildren executives and firms who contact with the animals and rec- children and are looking forward to worked in IBM mainframe area as the CFO for a software company If it's a Fortune-level company, I would include live nearby.” want to tap the exper- everyone who has been in the executive suite ommend this to anyone visiting Cal football this fall. Go Bears! a software specialist. I also took a started by a Phi Kap brother, Doug tise of such executives. through divisional leadership roles. Individuals at Alaska when the salmon are run- 1954 break from software for a few years Cole. We took the company public CalBusiness met with Lauren Doliva, managing smaller companies would probably have to have ning. Then we were off for four and ran a private import/export in 1993, and for the next 15 Oscar Erickson, BS, is partner of the firm’s Chief Advisor Network, to held a C-level position, such as CEO, CFO, or CMO. nights at the North Face Lodge in business, but I do that on a part- years I was CFO for private and retired and serves on the YMCA learn more about the partnership. We are looking for people who have something Denali National Park. Fortunately time basis now. I am a grandfather public software companies. I am Board in El Sobrante, Calif. very specific to contribute to an organization and we had great weather during our now of a granddaughter born to currently the managing partner Q. What is the Chief Advisor Network and who are going to be able to make an impact. stay and on the day we flew out Stanley Koo, BS, of San my daughter, Amba, a UC Davis for AngelRush Ventures LLC, a how does it relate to the Haas School? and over Mt. McKinley. Then it Francisco writes, “Retired 17 years grad. My son, Jay, also attended small venture capital firm in San Q. What kinds of projects do the executives It's a select group of pre-assessed former C-level was six nights on board a small and still enjoying it! Slowing down UC Davis and San Jose State to get Francisco. My family and I love typically work on? executives who are no longer interested in full-time yacht, a Sikumi, we chartered for in traveling though, but my wife a structural engineering degree. He to attend Camp Blue every year, permanent roles but are eager to still be engaged in They might serve in a transition or interim role or as the family. Again, great weather and I did go to Toronto, Canada, helped construct Sutardja Dai Hall third week. I am very proud to business and are interested in taking on short-term an advisor to C-level executives or even founders. and a fantastic time with kaya- in June and will be taking a trip to at UC Berkeley, which contains the announce my eldest daughter, assignments with our clients. Or they might take on a consulting or project role. king in many different areas and Sonny Low, BS 63, with wife, Center for Information Technology Jessica, was just admitted to UC Hong Kong late this year. It will be Mirian, on one of their many trips Research in the Interest of Society. Berkeley. Go Bears.” We're reaching out to Haas and other top Q. Can you give us some examples? real close-ups with whales and nice to keep in touch.” since retiring business schools that may have alumni who fit our other sea animals, lots of birds, One of the structures which Our first assignment was for a private equity firm criteria and might be interested in participating in and just an all-around unique 1957 1963 he helped construct received 1976 looking for someone to lead a short-term turn- the network. It's an opportunity for those individuals experience with a great, very the Platinum Award of Civil After serving on the board of the around. We gave them three candidates within Allan Hitchcock, BS, of Sonny Low, BS, of Chula to leverage their experience in business but on a knowledgeable crew. Highly Engineering.” California Native Plant Society for 24 hours. They liked one of the individuals so much San Francisco joined Wells Fargo Vista, Calif., writes, “After 34 years more flexible basis. recommend this vessel.” 13 years (mostly as treasurer), that they have been wooing him to take the job on Advisors via acquisition, as a senior of federal service with the Peace The value for clients is the wisdom and 1966 Steven Hartman, BS, of a permanent basis, which he agreed to do for the vice president of investments. He Corps and the US Agency for objectivity they get from these C-level executives, 1950 International Development in Latin Michael Nitefor, BS, writes, Sherman Oaks, Calif., is focusing next 21/2 years. We have also just placed a public hails from a four-generation Bear who can come in and make an impact on their “I have lived in Toronto since his energy on developing a line company CFO to be an advisor for one of our Loren Hov, BS, of family: brother, Larry Hitchcock, America, Washington, DC, and organizations in a very short period of time. graduating. After a very short stint of iPhone applications in partner- clients in Korea. Sacramento, Calif., writes, “After 1960; father, Jack Hitchcock, Eastern Europe, I retired with my Companies led by Haas alumni also can benefit in the corporate world at Colgate ship with EarthRover Software. We also had a very early-stage retail and online grad school and employment BS 36; grandfather, Francis wife, Mirian, to San Diego County. from the opportunity to tap this network of advisors Palmolive, I set out on what has The first apps are “California client. They were looking for an executive chairman by Stauffer Chemical Co. as Hitchcock, 1912; and daughter, We spent the first year trans- to solve talent gaps. turned out to be an interesting life Wildflowers” and “Sierra Nevada to work two to three days a week helping the a research engineer, I was an Lisa, via Piedmont High acceler- forming the house into our ideal inventor and wrote up my own journey. Entrepreneurial dabbling of Wildflowers.” Steve is also collabo- Q. Why did you create this network? founders get things off the ground and raise money. ated honors program in 1978. retirement abode, getting recon- inventions and others for pat- After many years in the investment nected with family and friends varying sorts led me eventually to rating with BioHere.com founder We started this new initiative to acknowledge the Q. What is the cost? enting. I was asked to do a study advisory business, he joins the whom we had neglected while real estate investment. Marriage, Rolf Muertter to incorporate social demographic challenge confronting all countries There is no charge to the Haas alumni, or to other on what made people likely to same firm his father worked with I was out galavanting the world two children, and all of a sudden networking into environmental except India. In North America, for instance, Baby qualified members. Our clients pay a fee for our be inventors (so such could be in the 1950s. with my very satisfying career I’m 66 years old. The time at conservation. Contact Steve at Boomers number 81 million, versus 46 million service in developing, identifying, assessing, and hired) and I found that they were as a US Foreign Service officer Berkeley was wonderful in many [email protected]. Steve is in Generation X. In the near future, there just isn't matching the right person to the company, the mostly young, in their 20s, and 1958 managing Housing Guaranty ways. Many fond memories.” the CFO of the Stanley-Lawrence enough top talent to match the need. culture, and the objectives of the assignment. had not been convinced that it Wiliam “Bill” Clark, BS, Loans and technical assistance Co., and is the treasurer of the But as we see the Baby Boomers cutting back, 1972 couldn’t be done so they did it, reports he is alive and well in to borrowing countries. Our loans Theodore Payne Foundation, a we don't think they're going to fully retire. We are, To find out more about the Heidrick & Struggles as did I. Although I have another El Dorado Hills. He has been a financed affordable housing and David Kong, BS, see MBA non-profit southern California in fact, seeing many executives that want to do this, Chief Advisor Network, contact Lauren Doliva patent in my 40s, I’m now in my contract recruiter in the high- improved services like potable 1974 notes. native nursery and educational which gives them a more flexible, balanced lifestyle at [email protected]. 80s and inventing again and water and wastewater disposal institution.

16 CalBusiness Fall 2009 Fall 2009 CalBusiness 17 Undergraduate

Eugene reminds me of the Bay digital market. To view a video doing real estate M&A for two planning to graduate by 2011. Submit your news online at 1981 2000 2004 years at Goldman Sachs’ head- http://haas.berkeley.edu/alumninotes Hal Bogotch, BS, of Los Area, with close proximity to the of this transformation, visit Claudia (Gallegos) She writes, “Look forward to Jay Bharadwa, BS, writes, Angeles, is writing English lan- coast, mountains, and wineries, www.calvaryhs.com.” quarters in New York. Following Cazares, BS, writes, “I reconnecting with some of you.” “I proposed to my girlfriend of six Alumni Notes guage arts test questions for a not to mention the quirkiness I my great experience at Goldman recently had two very important years and fellow Cal alum, Savita, fast-growing educational services remember at Berkeley; Eugene 1990 Sachs, I moved to Israel, where I accomplishments take place in on campus the weekend of enterprise, PowerLearningUSA. has that and then some. Plus, Thomas Leutzinger, BS, am currently doing business devel- my life. No. 1, I welcomed my August 2. Another four Cal alum com, based in Long Beach. His Eugene in many ways reminds see MBA 1997 notes. opment for an American/Israeli third child into this world, and he’s friends of ours had come with us 1977 wife, Laura Lacamara, is illustrating me of the Bay Area I grew up in, stem cell technology startup.” a blessing, happy and healthy. from New York to Monterey for before the cultural shift engen- 1991 Linda (Owen) Hsu, BS, of a picture book for a bilingual divi- No. 2, I was promoted to the posi- a wedding, and since we were dered by the impact of the tech Daniel Ciruli, BS, writes, Albany, Calif., writes, “After gradu- sion of the University of Houston tion of housing and community flying out of SFO we decided to revolution. I like it. Our challenge “The Bowles Hall Alumni ating from Cal I worked as a pro- Press. Their daughter, Annalisa, development division manager take a day trip to Berkeley on is to better commercialize our Association will be having its gram analyst for a San Francisco starts kindergarten in a dual- for the city of Fresno. My educa- Sunday. Arrived at Raleigh’s (now programs. Any ideas out there?” 60th annual Big Game dinner company, designing online immersion, English-Spanish school tion at Cal definitely has provided inexplicably called Manny’s Tap on Nov. 20 at the Stanford Park programs for their accounting in September. the backbone to the level of plan- Room -- who came up with that?), 1983 Hotel in Menlo Park. Several department. When my first child ning, research, and analysis that is then through a series of clues I Jeffrey Eglash, BS, writes, Steven Peletz, BS, see MBA distinguished Haas alumni are arrived I made the decision to stay required of my previous work and led her through a scavenger-type “I am working as a senior counsel 1999 notes. expected to be in attendance. now more than ever in my new hunt to Sproul, Henry’s, Blake’s, home with my children. Eventually I for litigation and legal policy for Kimberly Koo, BS 02 and Michael Held every Big Game weekend Iaocovella, at their wedding in May decided to return to the workforce Daniel Abram, BS 97, in Israel position. I welcome the challenge and Racha Café – all places that General Electric in Fairfield, Conn., 1986 since 1949, this special anniver- and at that point made a career in managing a $15 million annual meant a lot to her at Cal. At each and live nearby in Weston with Marc Bruderer, BS, see sary dinner will have Bowlesmen change to become an ESL teacher. budget and staff to provide safe, Priscilla Tan, BS, received stop, one of her best college my wife, Karen, and sons, Elliott MBA 1991 notes. from eight decades. For more 1998 However, my oldest son is cur- decent, and affordable housing her Master of Arts in international friends surprised her (separate and Benjamin.” information on the event, please rently enrolled in the night and Jeff Y. Lin, BS, joined the law for some of Fresno’s poorest studies with an international eco- from the six of us who were there 1987 contact Dan Ciruli at danciruli@ weekend MBA program at Haas, Barry Geisler, BS, of firm Moss & Barnett in downtown families.” nomics focus and China studies for the wedding) with a drink, Jennifer (Farrell) hotmail.com or 510-336-9151.” Minneapolis, Minn. He is part of favorite appetizer, pitcher of beer, so our family is still staying con- Potomac, Md., is starting his 22nd Ramit Mizrahi, BS, lives in minor from the Johns Hopkins Guttman, BS, writes, “I con- the firm’s energy regulation, com- etc. They had come from Los nected with the business program year as general manager of the Los Angeles, having been won University-Nanjing University tinue to run a small tax practice 1992 munications, and infrastructure Angeles, San Francisco, or New at Haas. My husband, who is also Patriot Center, the 10,000-seat over by the city’s high energy Center for Chinese and American while juggling raising our children. Laura Calaway, BS, is practice groups. He joined Moss & York, and were matched with the a Berkeley grad, and I have stayed arena at George Mason University. and abundant sunshine. She is Studies. For the next several I volunteer in Seattle for a wom- working as an independent Barnett as a law clerk through its place where they had memories connected with Cal by opening our Barry is married to Meredith an attorney at Allred, Maroko & years, she plans on forging a en’s homeless shelter and I’m on change management consultant joint internship program with Xcel with my girlfriend. The last clue home on Friday nights to Berkeley Geisler, president of Meredith Goldberg, where she practices career in China’s major cities and the board of a local women’s club, focused on technology projects. Energy while attending law school led her to me, where I proposed. students for Christian fellowship.” Communications, a sports public employment law, with a focus on becoming involved with the local where I am responsible for fund- She and her husband reside in the at the University of Minnesota and Then, with a lot of help from relations and communications firm. discrimination, retaliation, and Haas alumni networks. raising efforts for local charities.” East Bay and recently celebrated has participated in a number of Tenny, Diane, and the rest of the 1979 They have two children, Natalie sexual harassment. their 12th wedding anniversary. energy and telecommunications Haas Alumni Relations team, I Steven Gomberg, BS, see (16) and Grant (9). 1989 MBA 1981 notes. regulatory proceedings. Prior to threw her a surprise engagement Joann (Martens) Weiner, Debbie (Chen) Keesey, 1993 attending law school, Lin worked in BS, was elected vice president 1980 BS, of Torrance, Calif., who has a Edward Kennedy, BS, was the accounting and finance fields. of Community Tax Aid. She is law degree from Cornell, is doing promoted to Russ Irwin, BS, Sausalito, an adjunct professor at George estate planning for young fami- partner in the 1999 Calif., is traveling to Japan and Washington University, teaching lies and producing eco-friendly San Francisco China in September. He writes, “In Together with her partner and sister- Enter the Haas Cub Photo Contest public economics and a seminar bamboo clothing and furniture assurance prac- November we resume sailing west in-law, Lily Dawis, BS, founded on the financial crisis. (www.SpunBamboo.com). tice of Ernst until it’s not fun anymore. More and launched an exciting luxury bag & Young in brand, Kindle, in Jakarta, Indonesia details at www.newmorning.info.” Lynn (Warfield) Westbay, Timothy Wong, BS, moved July 2008. Ed (www.kindlecouture.com). Lily BS, began a graduate program a private, nonprofit high school Amelia Marshall, BS, serves clients Dawis’ ’Fresh Definition of Luxury’ in social work with an emphasis in into a former, upscale car dealer- Send a photo of your child or writes, “Along with husband, Bill Ed Kennedy, BS 93 in a number has won fans of her and Sylvia public health at the Brown School ship at the “window of the bay” Imler, son, Alan, and daughter, of industries, Kolim’s custom-made sateen and Matthew Daugavietis, BS 02, and children wearing Haas Gear to of Social Work at Washington in Monterey, Calif. He writes, wife, Jennifer Seguin Rosie, we are keeping busy in lovely including retail and consumer suede bags. She writes, “At Kindle, University this fall. “The architecture and open-floor [email protected]. Oakland. I am a broker-associate products, real estate, hospitality, we present the unique option of design of this building comple- with the Prudential California and technology, and he is the being able to custom-order bags 2002 1982 ments our unique campus The cutest photo will be Realty Grand Lake office, and campus coordinating partner for with alternative shapes, and also Matthew Daugavietis, Mitch Collins, BS, writes, culture stressing the importance always welcome new business or Ernst & Young’s recruiting efforts different zipper and leather treat- BS, of San Jose, Calif., writes, “I featured in the next Haas “I recently accepted a position as of developing authentic relation- questions about real estate. Since at Berkeley. Ed moved his home ments. We print our luxurious married Jennifer Seguin on July president and CEO of the Oregon ships while integrating the skills CalBusiness we are irresistibly close to the this year to Walnut Creek, where sateen material with customers’ 5, 2008, and we celebrated our Gear ad in , Center for Applied Science in necessary to thrive in a global, Berkeley campus, I spend a few he lives with his wife, Janette, and selections from our extensive and one-year anniversary. Time flies Eugene, Ore. ORCAS is one of and the winner will also hours per month presenting plane- his two children, Alexa (6) and fun, in-house designed backgrounds and we’ve been enjoying every the most successful organiza- tarium shows at the Lawrence Hall Andrew (4). and icons, words and accessories.” minute. Jen graduated from the tions in the country in obtaining receive a $50 Haas Gear of Science. Last year I co-authored The company has been featured University of Michigan, Ann Arbor, funding under the Small Business a local history book, Oakland’s 1997 in Harper’s Bazaar Indonesia and but our future kids will be wearing gift certificate. Innovation Program of the National A child in an AIDS orphanage Equestrian Heritage, part of the Daniel Abram, BS, writes, Prestige Indonesia. She plans blue and gold, not that yucky Institutes of Health. Our research is in Lesotho, Africa, wearing Arcadia Publishing Images of “After graduating Haas, I attended to avail ordering of bags online maize color.” his Haas Gear focused on developing innovative America series. Volunteer activi- Columbia Law School, practiced through user-friendly tools, which programs to address a range Kimberly Koo Iaocovella, ties include freelance advocacy for corporate and real estate law will allow more clients from all over of public health issues. See BS, got married in May. She is DON’T HAVE ANY HAAS GEAR FOR YOUR CHILD? children with disabilities, and mem- for four years at Weil, Gotshal & the world to experience the excite- www.orcasinc.com. After many Timothy Wong, BS 89, moved a going to school part-time at NYU SHOP AT: www.haasgear.com bership on the board of directors private, nonprofit high school into Manges LLP in New York, and ment of designing and owning their years away from the left coast, it Stern in pursuit of her MBA and of the Metropolitan Horsemen’s a former upscale car dealership then switched to the business side own Kindle bags and small goods. is great to be back. In many ways (pictured here) in Monterey, Calif. Association of Oakland.”

18 CalBusiness Fall 2009 Fall 2009 CalBusiness 19 MBA

Anuj Saigal, BS, writes, “Now 80th anniversary this year, having could not have been better as I got two recent books, Health in the another term as marketing vices markets. We do strategy Submit your news online at 2009 been founded in November 1929 consulting with supporting http://haas.berkeley.edu/alumninotes that I’m back in the US, I’ve been Negar Adeli, BS, of San to spend a day in Florence with Asia-Pacific Region and Using department chair at SFSU. My at the historic de Young house market research, hands-on com- meeting with startup companies Jose, Calif., started working full my lovely girlfriend whose cruise Evidence To Improve Health extra duties involve managing at 1616 California Ave. in San petitive evaluations of enterprise Alumni Notes involved in renewable energy, time for Agilent as a financial ana- ship happened to be docked in Policy and Equity (case studies), cuts in classes offered, laying off Francisco. More info: sfspinsters. software products in our own specifically smart grid and solar. lyst in August. He writes, “Spent a Port Livorno. Mike and I then plus another in the works on lecturers, and doing the paper- com. Professionally, I am excited laboratory, and venture financing This has been a growing interest month in Iran this summer; it was explored Spain and even made a malaria control in indigenous work for the furlough (9.2 percent to announce that I made the move services with the objective of of mine for the last few years. My a great experience visiting friends short trip to the infamous island communities in the Mekong pay cut) that affects everyone.” from Google to Facebook last helping young companies and eventual goal is to help spread and family and reliving childhood of Ibiza in search of the world’s sub-region. Public health doc summer. One of the things I love 1974 entrepreneurs raise venture cap- solar panel technologies that have memories. As far as political largest dance club. I am now back and wife, Keiko, was swamped most about working for Facebook is ital through our network of VCs been developed in the US to off- issues are concerned, didn’t see in California and have started my by the swine flu and is also busy David Kong, MBA, of running into and reuniting with tons and angel investors. We also help grid communities in India. In many any protests while I was there, but career as an investment associate with HIV/AIDS control. Elder Castro Valley, Calif., is a senior of Haas alum undergrad and MBA in sharpening their VC pitches instances, these would be the same the atmosphere was definitely at Bailard Inc. I am very thankful daughter, Elise, is a yoga teacher analyst at Lawrence Berkeley alumni!” and business plans to increase recipients of microfinance loans different.” to be working with such a friendly, in Colorado, and Lia (8) is a busy National Laboratory. Previously who previously have not had a smart, and encouraging group second-grader here in Naha. I’m he worked at ProBusiness, chances of getting funded with Nicole Sirivansanti, BS, stable source of light after sunset.” Conrad Myers, BS, is a of individuals, including another heading back to New York in Aspect Communications and improved valuations. If anyone writes, “After stints in Japan, San Realtor in Berkeley’s Claremont fellow Haas graduate, Dave October for my 50th high school SBC/AT&T. wants to get in touch with Karan Singh, BS, writes, Francisco, and Washington, DC, district with Prudential California Smith, BS 2008, who has reunion and will stop off to see me, please send an e-mail to “After working at ZS Associates, a I’m back in Berkeley to get my Realty. He is researching home been incredibly helpful throughout jazz bassist son, Daniel, in San [email protected].” management consulting firm spe- master’s in public health. Best 1975|1975| 35th MBA REUNIONREUNNIONN values, helping clients find a good my training period. I am very Francisco, and I’m incidentally cializing in sales, marketing, and wishes to all.” APRILAAPPRILL 223-23-25,25, 20201010 Fred Sheng, MBA, retired in investment, but more importantly grateful for the education and looking to trade my solar house operations, for the past four years 2004 after a long career in corpo- helping clients find the perfect opportunities that the Haas School in Ashland, Ore., for a place in in the Bay Area, I have decided to 2008 rate relocation and international home for their needs and wants. of Business has provided me.” San Francisco. All possibilities James McWalters, pursue my MBA at the MIT Sloan Cole Turay, BS, of Pleasanton, assignment management. Life Conrad is an active member on the considered!” MBA, writes, “I retired from Calif., writes, “Hey fellow Bears, is now spent traveling (mostly in School of Management this fall. As board of the Haas Alumni Network, Citibank after 25 years (my last I have moved up in the world. I am Asia) and living part-time in Kona, a member of the entrepreneurship East Bay Chapter. He plays electric Max Oliva, MBA, of San position was managing com- now the business operations man- MBA Hawaii. He is on the steering com- and innovation program, I plan to guitar and leads the 191st Army Jose, Calif., writes, “My book, mercial banking in California and ager for the educational software mittee for the Asian Art Museum Jay Bharadwa, (middle, second row explore my interest in the ’health. Rock Band, Weapon of Choice. Beatitudes for the Workplace, Nevada) and accepted a position from bottom), BS 04, and fiancée, 2.0’ space (using the Internet to company Brainology and am the th (Novalis, Toronto; 23rd with DBS Bank headquartered in San Francisco, focusing on Savita (on top), at their engagement He is a member of the US Army 1960|50 MBA REUNION defensive coordinator for Amador upper-level member benefits and party on the Faculty Glade facilitate information exchange Reserve, Camp Parks, Dublin, Calif. APRIL 23-25, 2010 Publications, U.S.) was pub- in Singapore. I was installed last between different stakeholders). Valley High School’s football lished in May. It is available in year as general manager for the recently began training to be a reception on the Faculty Glade, While not a fan of the 2.0 moniker, team. Hopefully, Cal and Amador’s Conrad Chi Him Ngai, BS, the US through Twenty-Third US Agency in Los Angeles. I will storyteller for school groups complete with the Cal Band I am excited about the possibilities defenses will remain as stifling as of San Jose, California, works for Publications (800-321-0411). visiting the museum. 1965|45th MBA REUNION assist the bank with US expan- (definitely the highlight) — a that a more digitally connected they have been in the past. Cal, PricewaterhouseCoopers. Using the beatitude format and APRIL 23-25, 2010 sion plans during the next several Steven Weinzimmer, great day!” healthcare community could bring. without linebacker Zack Follett, personal stories from men and years. On a personal note, my Kourosh Zamanizadeh, MBA, of Moraga, Calif., is I spent the summer before school and Amador, with me calling the women in the corporate world, son, Michael, who was a toddler Tom Nemat (Tahamtan BS, of San Francisco, writes, vice president of New York Life trekking through the Himalayan shots, will definitely be keeping me 1966 I explore eight virtues and their while I attended school, is now Nematbakhsh), BS, writes, “After an amazing four years Investments. He writes, “I have Mountains in India and recently up at night. See you all this season. Theodore Lee, MBA, of Las connection to the workplace. It is married with two daughters. “I am the principal attorney at the at Haas, my classmate Mike three children. My older daughter, made the move to Cambridge, Go Bears!” Vegas, Nev., is a member of the also available on Amazon.com.” He is a general dentist and his law firm of Tom Nemat which is Mizono, BS 2009, and I Elissa, is 24 and works for the Mass. Drop me a note if you’re in Board of Governors of the East wife, Yong Moon, a professor at located in Irvine, Calif. I focus my Serge Vartanov, BS, of departed for a one-month back- Skirball Museum in Los Angeles. town — would love to connect.” West Center in Honolulu, Hawaii. 1973 UOP. My second son, Alan, who practice on estate planning, asset Wai’anae, Hawaii, writes, “Aloha packing trip though Europe. Our She graduated from USC in James Eaves, MBA, a arrived a year after graduation, protection planning, business fellow Haas alumni! I’ve spent first destination was Cannes, 2007. Lauren and David, both 21, 2006 Department of Army civilian man- married Ms. Brooke Kemp this law, and real estate law. If anyone the past year teaching seventh France, where we attended my are seniors, respectively, at USC Gil Demeter, BS, of San ager, was selected for, and is cur- month in Maui. He lives and needs any help in those areas, graders in Hawaii about Japanese cousin’s wedding and spent the and Cal.” Diego, Calif., is an associate at rently attending, the prestigious works in Dallas for an alternative please contact me at tnemat@ language and culture through first week of June with friends and Qualcomm Ventures. Previously National War College at historic energy firm as a senior financial nematlaw.com or (949) 375- the Teach for America program. family from all around the world 1976 he served as an analyst for Piper Fort McNair in Washington, DC. analyst. My daughter, Christina, 5541. You can view my website I’m very proud to report that my in a villa near the Mediterranean Graham Covington, MBA, Jaffray Technology Banking Group. The 10-month program will result just finished college and is at www.nematlaw.com. I am students took to the language Sea. Then our real journey began. is director of Minds Matter of in the award of another master’s engaged in medical equipment also a California licensed real Libby Leffler, BS, writes, “In like superstars, learning well over We traveled throughout Italy, Portland, a New York-based all- degree and a new, higher level sales. I still live in Orange County estate broker and a Realtor. On a June I was elected the 2009-2010 a year of high school Japanese, visiting popular cities such as volunteer, nonprofit academic position within the Army. Former and enjoy working with the OC personal note, I was married on president of the 175-member despite not yet being in high Venice and Rome. Our planning mentoring program for highly Theodore Lee, MBA 66, with family graduates of the National War Haas Alumni Chapter.” March 14 at the Ritz Carlton in Spinsters of San Francisco charity school. Despite severe socio- motivated, economically disad- College include Colin Powell and Laguna Niguel, Calif. We currently and social organization. The society economic challenges, these kids vantaged high school students Sen. John McCain. Previously Jim Jay Prakash, MBA, live in Newport Beach and are is one of the oldest women’s are showing a true passion for tht who aspire to a four-year college 1970|401970|40 MBA RERREUNIONUNNION served 20 years as an officer on of Livermore, Calif., writes, enjoying our time together.” societies in San Francisco and learning and I personally feel that or university.(www.mindsmatter. APRILAAPPPRRILL 223-23-25,25, 202010100 active duty with the Army, sta- “I started my career at SRI members’ requirements include the biggest impact I can make org/portland). He is president of tioned in Europe, Asia, and Africa. International in the Menlo Park 2005 being a 21- to 35-year-old female on their lives is to give them first- Grease Consulting LLC, manage- His parents, Pat, BA 48, and office as a management con- Jeff Anker, BS, writes, “I am college graduate having lived in the hand exposure to the language 1971 ment coaching to reduce orga- Jackson Eaves, BS 47, sultant primarily engaged in attending UCLA Anderson for San Francisco Bay Area for at least and culture. Thus several months Steve Fabricant, MBA, nizational friction and increase still live in the Bay Area and are corporate strategy work. Since my MBA, and I will be graduating a year. Spinsters of San Francisco is ago I laid the foundation for a writes, “I’m still enjoying the competitive advantage.(www. involved with Old Blues and the 1986 I have run my own con- next summer. This summer I was nonprofit by charter and our social two-week educational trip to lovely people and relaxed life greaseconsulting.com), and a Haas School of Business. sulting practice called Strategic a marketing intern at Electronic events’ proceeds benefit City of Japan in the summer of 2010. in Okinawa after five years. I Focus (www.strategicfocus.com, jazz pianist with After Six jazz trio Arts in the casual games group. I Dreams, our chosen philanthropic Please visit http://cmef.org/japan- stay busy gardening and doing William Perttula (Bill http://www.linkedin.com/in/ playing jazz standards from the am hoping to continue working in partner for the year. I am excited to bound2010.html to learn more some writing for the World Pete), MBA, of Piedmont, strategicfocus) focused on IT, Great American Songbook on the the video games industry full-time announce that the Spinsters of San about (and help support) our trip! Mike Mizono and Kourosh Zamanizadeh, Health Organization, including Calif., writes, “I am back for enterprise software, and ser- West Coast. (www.aftersixjazz.com). after school.” both BS 09, during a one-month back- Francisco is also celebrating our A hui hou!” packing trip though Europe

20 CalBusiness Fall 2009 Fall 2009 CalBusiness 21 MBA

afraid to visit Napa Valley – the public education and serves on th make an impact on the people Tentatively titled, For Better, For Submit your news online at 1985|1985| 25 MBA REUNIONREUNNIONN 1991 1992 the board of Super Stars Literacy, http://haas.berkeley.edu/alumninotes traffic isn’t bad except during com- APRILAAPPRILL 223-23-25,25, 20201010 programs here. My husband and I Worse, the book explores the Marc Bruderer, MBA, Wayne Hamra, MBA, which strives to improve early mute hours, and there are plenty enjoy traveling the world and have influence that women absorbed writes, “After 20 years in the cor- writes, “After teaching full of excellent wines for all occasions literacy among underserved Alumni Notes Mauri Schwartz, MBA, plans to cruise Australia and New from the presence or absence of porate America grind of commer- time in the Faculty of Business and pocketbooks.” Oakland youth. president and Zealand next year.” their fathers. The second book cial insurance, advertised toys, Administration at Mission College in his series will focus on 50 of 1981 1983 CEO of Career Hollywood entertainment, and (Thailand) for six years, I was Insiders, is the world’s most successful and licensing, I fiddled with the dot- asked to become the vice presi- David Pieper, MBA, of San 1978 Dave DePuy, MBA, of Los proud to universally regarded women, and com world of the late ’90s with dent for academic administration Francisco, writes, “Every quarter Altos, Calif., joined SunPower Corp. announce their fathers’ influence. The third several startups that broke even in 2008. Earlier this year, the Thai Jerry Butzer, MBA, writes, century I come to Berkeley to He is helping to enhance their that her firm will look at motherless daughters and then went back to Corporate Ministry of Education granted us “Starting in September, I took a work on a graduate degree. After North American dealer network. is moving to and fathers. Nominations for America. After years of that we university status, an important position as an acquisitions partner getting my MBA in 1983 and new offices interviews are still being accepted discovered we want each other, milestone in the institution’s at Newport Bay Private Equity in Steven Gomberg, MBA, working for Hewlett-Packard for for all three works. They can be Mauri Schwartz, at 180 meaning family, and I landed at a development for which we are Dallas/Fort Worth to acquire and writes, “For the past three years I nearly 25 years, I came back to MBA 85 Montgomery submitted to kevinrenner@mba. place three years ago I call home: very thankful.” finance commercial real estate have been living in Bangkok and UC Berkeley in 2008 and am just Street, Suite 2200, in San berkeley.edu. Conscious Living Ventures. I am and motion-picture projects. Just working with renewable energy starting my second year of the writes, “I Francisco’s Financial District. a partner to an angel fund, and I Dirk Hofer, MBA, returned from a two-year stra- project developer Asia Biogas PhD program in geography.” Ross Ellis, MBA 88, with son, Duncan, 1989 have been enjoying life in Paris tegic private equity assignment Company Ltd., www.asiabiogas. Career Insiders provides con- and wife, Johanna, and in Philadelphia am the incubator that starts up Charmaine Clay, MBA, for over two years leading SAP’s throughout China to acquire large com. We build power plants that Bruce Shepherd, MBA, sulting services to job seekers, entrepreneurs into their dream 1988 writes, “I live with my wonderful Global Business Operations for private, non-state-owned, Chinese employ a biological process to is the managing partner of the successfully coaching senior level companies. I build them up so husband of 23 years, Scott Willis, the SME Market. Paris turns out companies on behalf of a promi- convert organic wastewater into San Diego office of Latham & professionals to attain their next Ross Ellis, MBA, writes, “In they can fly in the Corporate in Piedmont, to be a great hub to explore many nent Shanghai-based, Goldman- natural gas and electricity. The Watkins LLP, one of the world’s position. She writes, “Please come July we made the move away America world. We have three, Calif. We have archeology sites around Europe, enhanced private equity fund in projects clean the water and premier, full-service business by and say hello.” from south Florida and moved to almost four, companies with the two fantastic which has become my favorite the solar energy, coal, agricultural reduce greenhouse gas emis- law firms. Shepherd’s practice eastern Pennsylvania, near the his- intention of making the world a kids, Austin leisure time activity. I started with production, and real estate devel- sions and are profitable without focuses on real estate finance and 1986 toric areas of King of Prussia and better place. Meanwhile, I have (12), and Egypt in January and worked my opment industries. Returning to government subsidies. As finance development, joint ventures, and Michael Yinger, MBA, of Valley Forge. Miami was kind to been blessed with a wonderful Sydney (9), way up to spectacular sites in LA in 2010 to executive produce director I am responsible for cor- other debt and equity real estate Parker, Colo., writes, “I’m involved us in terms of never having to turn wife, Caroline, whom I met at my who keep us Turkey and Greece in April and a sequence of motion picture proj- porate development, finance and financing vehicles. Shepherd is in a new startup that I want to on the heater, playing sports 12 20th high school reunion seven very busy. We then on to Pompeii and Rome, ects given the green light.” accounting, and a lot of general a member of the board of direc- share with all of you. We have months a year, and enjoying the years ago. We have been mar- Charmaine Clay, just got three covering 1700 BC all the way to management throughout our tors of the San Diego Economic launched WingSpread, a human outdoors, but the humidity and ried five years with a 4-year-old, MBA 89 calico kittens 400 AD in just six months!” operating region of Thailand, Development Corporation, Big capital management company lack of hills helped motivate us to Luke, and 2-year-old, Mason, 1980|199800| 30th MBA REUNIONREUNNIONN – Boots, Sparrow, and Lucky. I am Indonesia, Vietnam, The Brothers and Big Sisters of San (www.wingspreadco.com) with move north. As it happened, my not to mention my star athletic- Murali Subbarao, MBA, APRILAAPPPRRILL 223-23-25,25, 20201010 a senior vice president for Wells Philippines, and Malaysia. Living Diego, and of the Century Club the intention of becoming the old firm offered me a job to return, scholarship son Nate (11) from of Saratoga, Calif., writes, “Billeo Fargo in merchant services where here and building a business has (which hosts the annual San new standard for matching so we are now living in a great my previous marriage. Life is recently won the 2009 Codie I run the relationship manage- Michaela Rodeno, MBA, been quite an adventure.” Diego PGA golf tournament). people to work. We use a SaaS house in the woods surrounding good. Sold our home in Irvine and American Business Awards ment, marketing, market develop- writes, “First, I was honored to be Shepherd also is a publicly technology to support a method- Valley Forge Park close to the and settling down at the top of for ’Best eCommerce solution.’ ment, and learning groups. I am one of the keynote speakers at the John Lo, MBA, of Hong elected member of the school ology built over 30 years of field same old neighborhood we used the world in Laguna Beach, Calif. On a personal note, I looked for- also on the Enterprise Diversity Haas Women in Leadership confer- Kong, co-authored a book enti- board for the Coronado Unified experience. We were selected to live in, and we love it! Looking God bless Granger, YITBOS, and ward to visiting the campus as a Council, supporting the creation ence this spring. Many attendees tled, Angel Financing - Principles School District. to present at the NYC Venture forward to the fall colors and sled- Go Bears!” Cal parent in October. Our son, of Wells Fargo’s diversity strategy.” told me they were inspired to hear and Practice for Investors and Summit in June (one of the ding in the winter! Anirudh, is now a sophomore at William Zarit, MBA, is the Frank Hundley, MBA, of that a successful career can be Entrepreneurs, published in Hong 50 top innovators) and we are Sandra Fox-Sohner, Berkeley. He plans to major in at least in part serendipitous. The Kong in June 2009. The book Minister Counselor for Commercial Kevin Renner, MBA, of Bridgewater, N.J., has attended now pushing into three exciting MBA, writes, “Since graduating, environmental economics and planned (not everything I do is ad is in Chinese, and John is now Affairs at the US Embasssy in Portland, Ore., attended the B2B numerous Haas and Cal events in markets: mid-market corpora- I founded HighTech Business energy resource management.” hoc) orderly transition from CEO to working on an English version. Beijing. Marketing Strategy executive New York and continues working tions, growth companies, and Decisions, a consulting company semi-retirement having gone well, John, qualified in both Hong Kong program at Kellogg, and has as a financial advisor at Merrill the individual space (providing serving the biotechnology and 1993 as of August I am a month into and California, is a partner with 1984 launched B2B Market Strategies Lynch in New Jersey. He writes, a new ’job passport’ to help job pharmaceutical industries. I am Brian Kaplan, MBA, what feels like a lovely vacation! the Hong Kong office of King & Mary (Peggy) Bush, (B2BMarketStrategies.com). “Helping clients weather the seekers differentiate themselves now semi-retired, having sold was promoted to vice president After 37 years of building Domaine Wood, the leading PRC law firm MBA, of Oakland, Calif., writes, The firm works with emerging financial maelstrom has made from the crowd). If you’re inter- the company so I could spend of development and marketing Chandon and then St. Supery into headquartered in Beijing, China, “I am changing, just like everyone B2B companies on a consulting, my job very rewarding in spite ested in learning more or perhaps more time with these darling at the Silicon Valley Education respected Napa wineries, I can and focuses on corporate, M&A, else I know. The nonprofit that I part-time, or interim executive of much pain in the markets and participating, reach out to me at grandkids.” Foundation. SVEF improves directed closed for lack of funding basis. He also is authoring a book economy.” He was elected to now enjoy the morning paper over and private equity matters in [email protected].” public education across the in May of this year, after 25 based upon interviews with 50 the Rutgers University Board of a leisurely cup of coffee. Friends cross-border settings. region and is focused on ensuring years of real good work. I have a women from around the world. 1990|1990| 20thh MBA REUNIONREUNNIONN Trustees for a six-year term, which either envy my freedom or refuse 1987 students graduate from high Lisa Lomenzo, MBA, is a legal practice that is significantly APRILAAPPRILL 223-23-25,25, 202010100 began July 1. to believe I’m not pining to come Pamela school prepared for success at a program officer at S. D. Bechtel business based. The advice and back to work. But I am working – Moraga, Bruce Tolley, MBA, is post-secondary institution (trade just part-time. Serving on corporate Jr. Foundation in San Francisco the issues are focused on busi- Floris Van den Broek, overseeing grants for general MBA, writes, vice president, corporate and school, community college, or boards is challenging and satis- ness issues: strategic, personal MBA, writes, “We moved back education and also part of the “I live in the technical marketing, at Solarflare university). SVEF runs programs fying, and even pays reasonably coaching, and legal audits that to Amsterdam after almost three STEM team (Science, Technology, Washington, Communications in Irvine, Calif. for students and teachers, well. I’d like to add one more board evaluate the value and cost of the years in Paris. Eva and the kids Engineering and Math). She DC, metro Solarflare is a fabless semicon- conducts research, convenes to my director slate (not ready for services in the market. There is a (9,7, and 4) loved it there. I just married fellow MBA student area where I ductor company delivering the stakeholders, and seeks to influ- nonprofits yet, thank you), which corner of my heart and practice changed jobs and became CEO of John Holmgren, MBA 81, support the next level of high-performance ence public policy to improve currently includes the boards of that is reserved for elder abuse a technology investment fund.” and has three daughters, (22, Pamela Moraga, national secu- 10-gigabit ethernet.” the quality of public education. Silicon Valley Bank and Skalli Corp cases. My children have launched MBA 87 rity market Kevin Renner, MBA 88, with his Check out www.svefoundation. 24, and 26). She has enjoyed and returned. We are all looking dba St. Supery Winery. A focus on with ManTech International. As daughter, is working on a series org to learn more. Brian can be consumer goods/services would a long career volunteering on forward to a re-launch. I’m feeling of three books about fathers and behalf of private support for the current director of human daughters. be interesting. Oh, and don’t be better than ever before.” capital transformation, I hope to

22 CalBusiness Fall 2009 Fall 2009 CalBusiness 23 MBA

upset. The other memorable thing Eric Browne, MBA, writes, in Berkeley with his family since th Submit your news online at 1997 1999 2000|2000| 10 MBA REREUNIONUNNIONN was our own adult relaxation. graduation. We talked about how http://haas.berkeley.edu/alumninotes “After a few years in Boston, I’ve Damien Dallemagne, Steven Peletz, MBA, APRILAAPPRILL 223-23-25,25, 20201010 The ship’s crew really makes you proud we are of our Capstone moved back to Seattle to do MBA, of Brussels, Belgium, became chair of the Development their No. 1 priority, and you can teammate and now energy Alumni Notes another software startup. Check writes, “This summer, my wife, Council for the Haas School July Melissa (Cardenas) literally leave your concerns about entrepreneur/rock star John out www.smartsheet.com to track Anne-Pascale, and I wanted to 1. In that volunteer role, he is hap- Konin, MBA, “As a former col- everyday and work related items Woolard, MBA 97, who any type of work, improve team show our three sons (7, 10 and pily working with a broad range of league recently wrote, I ’picked a at the dock. The food, drink, and gave the 2009 commencement collaboration, and tap into the 12) the marvels of California, bright, energetic, and dedicated fine time to find inner peace.’ In entertainment of course is leg- speech. I would love reconnect reached at brian@svefoundation. power of crowd-sourcing. Met up where we lived 12 years ago. alumni and Development and 2003, having decided to more endary, but the lasting memories with as many classmates as pos- org for anyone looking for ways with Rob Nicholson, MBA We were hosted by classmate Alumni Relations staff to foster fully pursue the Zen Buddhist will revolve around my children’s sible. Please email me at wens@ to support public education. 95, in March for a few days of Francois Jeanneau, MBA higher levels of giving back to practice I had been doing for 15 fun times and the peace and skiing at Whistler. Hoping to make FitToMarket.com” 97, and his wife, Daniela, who Haas, recruit energetic and com- years, I began to get involved with MBA 01 classmates Emily Miller, Melissa Kelley, MBA, relaxation that Celeste and I were it to reunion next year. Would love Mourtaza Asad-Syed, Sadaf Roshan, also have three children of the Thomas Leutzinger, MBA, mitted volunteers, build a solid San Francisco Zen Center. One writes, “This spring, KRCB Public able to enjoy. Best regards, Nick, to hear from anyone who’s passing Edmund Bellord, Patrick DeNeale, same age. We all had a fantastic is starting a commercial photog- fundraising platform that will step followed another — taking Mark Brown, and Rob Weinberg at Radio and Television hired me Celeste, Nico (13), Andreas (11), through Seattle.” time going back through the Haas raphy business in Los Angeles for make giving easier to do, help my lay vows, moving into the the wedding of Bellord and Sadaf to write a grant to the National and Mariana (9).” Roshan in France buildings, wandering around the advertising firms. leutzingerphot- volunteers and alumni understand temple in the City, quitting my job Endowment for the Arts to par- Palmer Jackson, Jr., Keith Hoang, MBA, of San streets of Berkeley (not much has [email protected]. the compelling business case for to practice full-time, and in late 2001 ticipate in The Big Read. The NEA MBA, writes, “I am beginning Francisco, writes, “I picked up changed, except shops seem to be giving, and make the process of 2006 moving to a monastery in funded our request, and KRCB my third year with a tech startup Emily Miller, MBA, attended sailing this year. I received my more upscale on College Avenue 1998 volunteering fun, rewarding, and Japan and receiving priest ordina- subsequently hired me to coor- called Cogi (www.cogi.com). the lovely wedding of Edmund Bareboat certification and am now or Fourth Street), playing tourists inspiring to those willing to pitch tion. Now, back at the temple in dinate the project. In April 2010, Needless to say, we picked an Jeff Marshall, MBA, of Bellord, MBA 01, and Sadaf working on my Coastal Passage again in San Francisco, or hiking in. Contact Steve for information SF and two and a half years into all of Sonoma County will join interesting time to start a new Oakland, Calif., serves as CEO of Roshan. They were married June Making certification. Please feel free in the wilderness of Yosemite. about the fundraising effort. At my monastic training, I’m taking together to read The Adventures company, but things are going Brightstorm, an online education 20, 2009, in the Auvergne region to drop me a note if you would like We also had the chance to meet work, Steve continues to help up the role of priest and chaplain of Tom Sawyer and enjoy fabu- well. My son, Austin, who was company targeting high schoolers of France. to sail or charter share a sailboat.” classmate Wens Gerdyman, clients buy, sell, and invest in real in an urban environment. I hope lous programs, including river born while I was in my second year with a new free math help at Haas, is now 14 years old. I have MBA 97, his wife, Angeline, offering. He writes, “Everyone estate in San Francisco while he to ease the suffering of the world Deepak Murthy, MBA, and campfire outings in our Brian Liddicoat, MBA, two other boys, Trey and Bryce, and two children, who showed in the family — Jeanette invests in residential real estate (including my own), and I can married and wrapped up law regional parks and a recently of Corralitos, Calif., and his wife, (12 and 7). All is well here in Santa us around their place in Los Altos. Gurmendi, MBA 98, Olivia himself. At home, Steve and offer the teachings of meditation school and medical school in discovered play by Mark Twain Zenaida, welcomed their second Barbara. Finally, I’ve been playing a PS: Watching Francois as he was (entering first grade), and Junior his wife, Kyra, continue to enjoy and mindfulness for free to the record time. He writes, “Looking called Is He Dead?” child, Siena, into the world last lot of music with fellow Haas-mate, kitesurfing in the Berkeley Marina, I (entering second year of pre- raising their two children and Haas community and to everyone. out for venture capital seeding. August. Brian is happily practicing Willing to share details along with 1994 Tom Brigham, MBA 94.” decided I would try the same after school) — is doing great.” travel intermittently. Still, donations would be greatly real estate law in the Bay Area. returning to Belgium. Could take appreciated!” complete career progression after Art Altman, MBA, manages Piyush Sevalia, MBA, of R.J. Schembs, MBA, of the MBA from Haas.” Morris Noble Jr., MBA, 1996 me some time to acquire his skill research in energy derivatives Saratoga, Calif., is vice president of Lafayette, Calif., enjoys work at CFA, joined Northern Trust as Michael Asher, MBA, of level, though.” risk management at the Electric marketing at SiTime, the leader in Viasyn, which supports developers, Sara Olsen, MBA, of San senior investment officer for Palo Alto, Calif., writes, “Despite Power Research Institute in Palo MEMS-based timing solutions, and owners, and operators of utility- Francisco, is celebrating the Northern California. Morris lives in the rough economy, things are Alto, Calif. He is studying the married with two children “who scale renewable energy facilities, eighth year of her company, San Anselmo with his daughters, going well. I am currently the CFO effects of stochastic power gen- teach me new perspectives on life which includes rubbing elbows SVTgroupnet, ensuring clients Caroline (11) and Sally (8). of an exciting young software eration, such as wind and solar, every day.” with Sam Enoka, MBA 99, know and manage their environ- company called Greenplum in on a daily basis. He writes, “If mental and social impact. on portfolio financial behavior. Alan Xusheng Yao, MBA, Anyone sharing interest in energy San Mateo. My wife, Jill, and I Miguel Tam, MBA, of you’re ever in San Ramon, give us writes, “After graduation I came Nicholas Turner, MBA, and finance can contact Art at celebrated our 10-year anniversary Redwood City, Calif., writes, “It’s a shout.” back to China and joined the writes, “My wife and I welcomed [email protected]. earlier this year. We have two Damien Dallemagne, Francois been almost one year since I Sinar Mas group in its real estate Jeanneau, and Wens Gerdyman, Tanya (Shaw) Steinhofer, Megan Minich, Rachelle Diamond, a baby boy, Elliot, into the world daughters, Julia (9) and Emily started TopSprout, a marketing Cagla Erdogan, and Jeanne division of China. For five years all MBA 97 Nick Guerrero, MBA, (7), who are still happy to see me consulting firm that helps com- MBA, writes, “After almost five Washington, all MBA 00, on their last September. We’re still living Santa Cruz, Calif., writes, “My in the real estate section, I par- when I walk in the door. I’m trying years at a large, San Francisco- “Sex and the City Croatia-style” in San Francisco, where I’m cov- Wens Gerdyman, MBA, of panies launch new products vacation ticipated in several projects in based independent wealth ering technology as an editor for wife, Celeste, our children, and to enjoy this while it lasts, as I’m Los Altos, Calif., writes, “I continue and succeed in the marketplace Shanghai. Later in 1999, I was management firm, I recently Bloomberg News.” a total of 23 Deck family grand- assuming all this will change when to do independent consulting to (www.topsprout.com). I’ve been Megan Minich, Rachelle transferred to Asia Pulp and Paper launched my own financial plan- parents, parents, and children they are teenagers!” help businesses develop, launch, fortunate to work with a number Diamond, Cagla Erdogan, Co. in the same group, took the ning firm, Redwood Grove Wealth left on a week-long 50th wed- and revamp their products. With of interesting companies and and Jeanne Washington, positions of CFO and CEO, and Mark Beckford, MBA, Management (www.redwood- ding anniversary Alaskan cruise my partners, I also provide online have learned a whole lot in the all MBA, spent an exotic managed USD 10 billion assets writes, “I’m back in the workforce grovewm.com), focused on com- in July. This was our first family marketing advice, especially for process. I’ve also done some weekend in May together. She until I left the group in 2005. after taking a year off after a three- prehensive financial planning for cruise. It was really outstanding. e-commerce companies. So far so pro bono work with the Taproot writes, “Sex and the City Croatia Since then, I started my own year assignment in China. But as women and families with young The environment, including the good. I am enjoying the challenge Foundation, an organization that style! We flew in from all corners real estate company and have vice president of global business children. Although the timing is glaciers, the bald eagles, and an of finding new business and the links marketing professionals of the earth (Istanbul, Paris, San been developing residential, development for NComputing, a bit questionable (worst reces- occasional bear and porcupine, flexibility that working for yourself with non-profit agencies – a great Francisco, and Delhi, India) and retail, and hotels in the city called I’m finding myself in China a few sion since the Great Depression), was quite spectacular, but what allows. This summer Angeline idea and I look forward to more spent three days in Dubrovnik, Suzhou, which is 50 miles from weeks every month as I develop the direction feels right and really made the event special and I hosted classmate Damien projects with them. Consulting Croatia enjoying time on the Shanghai. My email address is a market entry plan for the com- momentum is strong. Other than Peggy Wu, MBA 01, with son, Kadin, was the laughter of children. Dallemagne, MBA 97, and has been very rewarding, and the beaches, kayaking with dolphins [email protected], and I pany. Gabe enters middle school, that, I’m enjoying having a bit more and daughter, Lilia There were 13 children ranging Anne-Pascale Dallemagne on their biggest plus is that I’ve been able around nearby islands, swim- in ages from the youngest, our welcome you to contact me.” Jon’s in the third grade, and Jake flexibility in my life to spend time visit to California with their three to use my more flexible schedule ming in the Adriatic, and eating, Peggy Wu, MBA, writes, “Our daughter, Mariana (9), to the starts the first grade. I lose my with my husband and two rapidly boys. We had quiet fun sharing to spend more time with Sofia drinking, and celebrating at son, Kadin Wu Wheeler, arrived oldest, nephew Phillippe (15). tht toothbrush a lot as I’m bouncing growing young children, Brendan 1995|1995| 15 MBA RERREUNIONUNNION personal stories and watching (9), Jackson (7), and, of course, beachfront restaurants. We strong and healthy April 16. He is The children really kept them- between my home in Folsom, cor- and Ashlyn. We’re enjoying being APRILAAPPRILL 223-23-25,25, 20201010 the children get know each other. Wendy. It’s amazing how fast can’t wait to see everyone at super sweet and content — and selves busy the entire trip and porate apartment in Redwood City, located in Mill Valley once again, We had a barbecue dinner at the kids have grown up, and I’m the 10th!” very big. Lilia, the ever-spirited there were minimal sour faces or and China.” with good schools and tempera- Francois Jeanneau’s, glad that I can be a bigger part girl, seems to enjoy her big sister tures a few degrees warmer than MBA 97, who has remained of it. Before I know it, they’ll be wanting to apply to Haas!” San Francisco.”

24 CalBusiness Fall 2009 Fall 2009 CalBusiness 25 MBA

tice of diabetes married fellow Cal Bear, Christine firm, Market Potential Inc., which Marcel Roche, MBA, of and use it, have a passion outside Also actively investing in and mar- Submit your news online at http://haas.berkeley.edu/alumninotes teamwork in Chen (BA, 90 English) on August focuses on business strategies in San Diego, Calif., was promoted the MBA, and finally, enjoy yourself! keting Bulldog Gin, a new brazen the country. 1 in a beautiful ceremony at Alki energy and environment markets, to director, financial planning, at I hope this helps the new class breed of gin, promised to capture Alumni Notes Another objec- Beach in Seattle, Wash. They has blossomed into a steady Illumina, a life-science company and they have as much fun as I did a new generation of gin drinkers. tive is diabetes honeymooned in Bali, Lombok, sustainable business supporting dedicated to helping scientists in school. Also, very busy indeed Bulldog Gin is currently sold in prevention cur- and Singapore. The good fortune startups and established organiza- better understand, diagnose, and with SAMBAA, the South Asian the New York City area, as well rently targeting doesn’t stop there. Supporting the tions with developing new clean- eventually cure diseases through MBA Association. The first Annual as London, Paris, and Barcelona. status. This month we are moving at the most Oxen belief that the road to success tech initiatives. A major focus for the analysis of genetic variation Women’s Leadership Network Bulldog Gin is where Skyy Vodka from South Beach to 11th/Lake difficult group, involves hard work and scrupulous the firm is developing partnerships and biological function. event was in August, a clean-tech and Grey Goose were in the late working people behavior, Velazquez just received in biofuel technology development seminar in September and our ’90s and is ready for success. More in San Francisco, trading in ultra- Tanya Sandy (Lii) Wozniak, MBA, convenient urban living for a more (Himathongkam) in metropolitan two prestigious awards: The for NASA Ames Research Center.” big annual conference in October. details can be found here: www. Vannapruegs, area. The work National Society of Hispanic MBAs writes, “Michael Wozniak and I We are very fortunate to have an bulldoggin.com. Here’s hoping to a peaceful, kid-friendly neighborhood. MBA 02 Razab Chowdhury, MBA, is fun and ful- (NSHMBA) awarded him the 2009 were married on the fourth of July amazing team and able leadership. better economy for all of us!” I still enjoy my work at Mellon of Fremont, Calif., writes, “The filling, and we recently established Brilliante Award for Excellence. in Kamloops, Canada, witnessed by Check us out at www.sambaa.org.” Capital as product manager while arrival in May of our daughter, ties with international foundations Velazquez serves as president of 31 family members. We returned John remains a senior credit ana- Zoya Imaan Chowdhury, has Angela Dorsey, MBA, mar- and received grants from the NSHMBA’s Seattle chapter, which immediately to San Francisco to lyst at Wells Fargo’s international rounded out the clan. The wife ried Nicholas Kockler, PhD, Sept. World Diabetes Foundation. The he co-founded. Velazquez will be our newly adopted puppy, Twilight banking group. Visitors and out-of- and I are already hatching plans 5 in Laguna Beach, Calif. Angela easy key message is diet control recognized at the Brillante Awards Wozniak. We look forward to our town guests are always welcome Richard Velazquez, MBA 03, and around how Zoya and her two works as brand manager for Pure and be active.” Gala during the NSHMBA 2009 pending honeymoon in Napa and at our home. Contact me at wu_ Christine Chen, BA 90 (English/Mass brothers, Zaif (5) and Zareef welcome classmates and friends to Bar, and Nicholas is assistant Conference and Career Expo on Comm), at their Seattle wedding [email protected].” Marcelo Vásquez, MBA, (2), will become proud Berkeley professor of bioethics at Loyola October 10 in Minneapolis. The our wedding banquet in Taiwan in writes, “We launched our first alumni. Wish the current students, Marymount University. The couple Puget Sound Business Journal Niandong Wang, MBA, February 2010.” 2002 TEDx event in Chile with a group faculty, and administration the best live in Huntington Beach, Calif. just named Velazquez as one of its writes, “After living and working Jill Alvidrez, MBA, of Palo of friends called in three countries and four cities as they tackle the budget crunch.” “40 Under 40” top business and Sami Iwata, MBA, of San Alto, Calif., writes, “Our Alvidrez TEDxPatagonia. in the past five years since gradu- community leaders for 2009, high- Howard Connell, MBA, of Francisco, writes, “On March family has been growing. We have It was a great ation, I have recently settled my lighting his work with NSHMBA, as Atlanta, Ga., writes, “After almost 28, I married Lance Anderson Zev (5), Ari (3), and now Talia evening of family in Palo Alto (for now). I well as his role as senior product four years at A.T. Kearney, including at Thomas Fogarty Winery in (4 months). Soon I return from inspiring sto- joined VMware, a Palo Alto-based Margaret Rhee, MBA 06, and planner for Microsoft’s Xbox team. eight months in Saudi Arabia most Woodside, Calif. Joining us to cel- Adrian Winoto at their wedding maternity leave to Google, where I ries and great software company, early this year Finally, to top off the first half of the recently, I am now on a leave of ebrate were Grethe Petersen in Dallas manage some of Google’s key out- networking. to manage its partner programs. year, Richard won first place at the absence for several months. This and Delphine Sherman, sourced relationships in finance. Marcelo Vásquez, You can check It’s a fast-growing company and an Margaret Rhee, MBA, MBA 02 Northwest Dance Extravaganza time will include catching up on both MBA 06; Dawn Woo Warm hello to everyone!” our website at industry leader in virtualization and married Adrian Winoto April 18 Jack ’n’ Jill Salsa Competition April family and personal life, travel, and (Belt), MBA 07; Vasey http://www.tedxpatagonia.com cloud computing. My wife, Lingling, in Dallas, Texas. She switched On Sept. 13, Cindy Karasick, 4 in Seattle. He also received a my more recent passion, poker. McClory (Hargreaves), (in Spanish).” will continue to teach students jobs in January 2009 and is now MBA 02, was married to Marc standing ovation after performing a To kick it off, I played in the World MBA 06; and Phil Guindi, at her private violin studio in Palo working with Jeffrey A. Parker and Sherman in Chicago. The couple salsa routine with his team, Seattle’s Series of Poker for the third year MBA 02. (A big thank you to 2003 Alto, while our daughter, Angelina Associates, a financial advisor to currently lives in Chicago. Cindy Salsa Salvaje, at the Portland in a row and plan on several other Phil, who got married at this idyllic Christine Connett, MBA, (9), will be a fourth grader and a public sector clients in transpor- will be changing her name to International Salsa Congress, a first major tournaments in the latter half spot and suggested it.)” of San Francisco, writes, “I was mar- GATE student in PAUSD. In addi- tation infrastructure. She is still Cindy Karas Sherman. for the revamped team.” of 2009. Watch for me on ESPN in ried to Wes Gutknecht on July 3 on tion to our hobbies we picked up based in San Francisco. the coming years.” Prasad Saggurti, MBA, of the beautiful north shore of Oahu. 2004 when we moved around (downhill Sunnyvale, Calif., writes, “Lakshmi We recently returned from our skiing from Pacific Northwest, for Sandy Lii, MBA 05, and Michael 2007 Brian Leslie, MBA, writes, Antonia Cusumano and I celebrated a graduation honeymoon in the Maldives, Java, example), we have now added one Wozniak at their Fourth of July Steve Falace, MBA, is “Anna and I welcomed our second Binetti, MBA, of San Carlos, wedding in Kamloops, Canada recently. Medha and Pavan, our and Bali, where I continue to work more thing to the list: road biking back in the Bay Area again after little boy, Liam, April 2. Mom and Calif., is managing director at 5-year old twins, graduated from at Old Navy as a director in inven- in the peninsula. Perhaps both the working as an associate in Bank baby are doing great and Roan, PricewaterhouseCoopers, Western preschool. Prism Circuits (aka the tory management. The wedding gas price and the easily accessible 2006 of America/Merrill Lynch’s who will be 3 in October, is really Region People and Change Practice best darn Interconnect IP com- was attended by a number of Haas biking lanes all contribute to this Sangeeta Chakraborty, Mergers and Acquisitions group enjoying being a big brother. Leader. She and her husband, David pany) at which I was running mar- classmates, including Trevor new hobby, but life is really good MBA, of Danville, Calif., writes, Grethe Petersen and Delphine Sherman, in New York for the past year. He I’m still with Deloitte in Seattle Binetti, welcomed daughter Sarina both MBA 06; groom Lance Anderson; keting and sales has recently been Daughney, Sonali Rohagti, when you are on a bike. When I am “My husband and I have been has returned to the wine industry working in the finance practice.” Cusumano Binetti in October 2008. bride Sami Iwata, MBA 06; Dawn acquired by MoSys (which by defi- Andrew Yee, Masae not working or biking, I volunteer for spending a fantastic summer Woo (Belt), MBA 07; Vasey McClory as director of finance for Vine Darryl Eaton, MBA, writes, (Hargreaves), MBA 06; and Phil Guindi, nition now becomes the best darn Otsuka and Miriam Tai.” Caroline Lew, MBA, married Haas in various alumni and school enjoying our terrific kids, Neil (11) MBA 02, at Iwata and Anderson’s Connections in Sausalito and lives Interconnect IP company). My gig Adam Wolf, MBA 04, in activities. As the co-founder of the “Isa, the family, and I moved to and Keya (6). With our busy careers wedding in Woodside, Calif. in Napa with his wife, Trina. Jay Jung, MBA, of Seoul, remains the same.” Portland, Ore., Sept. 6. The happy Haas Chinese Business Association, Santa Barbara, Calif., in late July. (I run professional services for Korea, writes, “I am very happy Valeska Scharen-Guivel, couple will reside in the Pacific I’ve also built up one of the most I’m now heading up product man- Digital Fuel Technologies and my Wesley Kong, MBA, of Tanya (Himathongkam) and honored to visit Haas for MBA, and Doug Meyer wel- Northwest. Adam works for active professional Chinese agement at RightScale, a leader husband runs an energy startup), it San Francisco, is pursuing his Vannapruegs, MBA, writes, recruiting again this year as comed their beautiful daughter, Microsoft, and Caroline works communities in North America in cloud computing management has been a very full few months. I passion for writing by serving as “Apart from running the operation recruiting manager for Samsung Ellie Jadyn Meyer, into the world for Nike. and China. I can be reached at software. We were sad to leave the recently had the wonderful oppor- a contributing writer for a fast- at Theptarin Hospital (specialized Global Strategy Group, in-house on March 28 at 8:36 p.m. in San +1-317-I-AM-WANG (+1-317-426- Bay Area after 11 years, but are tunity to welcome the EWMBA growing personal finance blog: in diabetes and thyroid diseases) in consulting agency and leadership Justin Rietz, MBA, of Francisco. She weighed 6 pounds, 9264) or niandongwang04@mba. happy to be closer to family now class of ’12 at the orientation at the www.financialsamurai.com. He Bangkok, Thailand, I’m very active program in Samsung group. I hope Cupertino, Calif., writes, “I just started 5 ounces and measured 20 1/ berkeley.edu.” that we’re expecting our third child gorgeous Berkeley Marina, and as I writes, “Financial Samurai is aimed 4 in philanthrophic work at the more Haas alums would come to a new job at Ask.com as a senior inches long. in December.” spoke to the class, many wonderful at anybody who wants an edgy Foundation for the Development Seoul and find great opportunities product manager, Partner Network.” 2005|2200005| 5thh MBAM REUNIONRER UNIION memories returned to me. I shared of Diabetes Care which is wholly Gautam Ghose, MBA, of perspective on personal finance Wes Selke, MBA, writes, “I in GSG. Go Bears.” APRILAAPPPRILL 223-23-25,25, 202010100 my seven-step survival guide to Andrea (Kappenman) Silicon Valley, Calif., is working as and especially for those who wish continue my work as the invest- supported by Theptarin Hospital. the EWMBA: Have a time manage- Richard Velazquez, MBA, Sharma, MBA, and her a senior product manager at Xilinx to achieve financial independence ment manager at Good Capital, a Work mainly involves trainings ment plan and stick to it, embrace of Redmond, Wash., writes, “The husband, Kanwal, celebrated the William Buchan, MBA, of Inc., managing a family business, sooner, rather than later. There’s no social venture-capital fund based in for medical personnel from the unknown, look beyond the Year of the Ox is proving to be birth of their son, Nicolas Russell Union City, Calif., writes, “Since spending time with the kids, and better time to write about personal San Francisco. We’re working on everywhere in Thailand, aiming at grades, make friends (not ’net- fortunate and prosperous. He Sharma, on June 27. its start in 2004, my consulting exploring new opportunities in finance than right now, post the some exciting projects, including expanding the concept and prac- work’), know your support network semiconductor marketing. greatest downturn in our careers. the opening of the first Hub in

26 CalBusiness Fall 2009 Fall 2009 CalBusiness 27 Haas Alumni Network Worldwide Events Worldwide Contacts United States Oregon Norway Singapore Arizona Mike Alperin, MBA 05 Tor Erland Fyksen, MBA 93 Matthias Goertz, MBA 95 Haas Alumni Welcome Theda Nunn, BS 79 [email protected] [email protected] [email protected] [email protected] Pennsylvania Portugal Sri Lanka New Admits in 40 Cities Colorado Steve Blechman, MBA 86 Dana T. Redford, BCED Anosha Subasinghe, BS 91 Johan Smet, MBA 97 [email protected] [email protected] [email protected] [email protected] From an outdoor BBQ in Seoul to a bar Sacramento Russia Taiwan overlooking the Hudson River in New York, East Bay Martin Parker, BS 65 Konstantin Maslov, BS 00 Renee Wang, MBA 00 Dean Suzuki, MBA 69 [email protected] [email protected] [email protected] 40 parties were organized by alumni around [email protected] San Diego Spain Thailand the world this summer to welcome newly Lucky Sandhu, BS 96 Bill Beeson, BS 56 Mario Alvarez-Fernandez, Apollo Chansrichawla, MBA 95 admitted students into the Haas fold. The fun [email protected] [email protected] MBA 98 [email protected] Florida began June 9 in São Paolo, Brazil, continued San Francisco [email protected] Vietnam (Hanoi) Jaime Alfaro, MBA 00 David Gimpelevich, MBA 98 Switzerland Linh Do, MBA 04 to include two dinners with Dean Rich Lyons [email protected] [email protected] Urs Huber, MBA 93 [email protected] in China, and culminated Aug. 27 at Jupiter Georgia (Atlanta) Seattle [email protected] Vietnam (Saigon) in downtown Berkeley. Richard Desarmes, BCEMBA 03 Joyce Robertson, MBA 89 Turkey Chris Zobrist, BS 02 [email protected] [email protected] Eyup Gulsun, MBA 03 [email protected] Georgia (Augusta) South Bay [email protected] 1 Middle East In Manila, new admit Miguel Buling Brooks Mendell, MBA 00 Victor Adint, MBA 98 Iran [email protected] (seated, left), MBA 11, was welcomed by 1 2 [email protected] Latin America Arta Pirouz, BS 06 four Cal alumni. Pictured here with Buling, Hawaii Texas (Austin) Argentina [email protected] Marcelo Quinones, MBA 97 clockwise from top left, are Joey Yujuico, BS Kehau Kali, MBA 95 Matthew Kaminski, MBA 06 Israel [email protected] [email protected] [email protected] 69 (Electrical Engineering/Computer Hagit Katzenelson, MBA 98 Idaho Texas (Houston) Brazil [email protected] Science), MBA 71; Eric R. Tomacruz, BS 89, Fabio Matsui, MBA 03 Joel Sargent, BS 62 Arturo Cornejo, MBA 92 Kuwait [email protected] [email protected] MS 91, PhD 94 (all Electrical Engineering/ [email protected] Rehda Behbehani , MBA 82 Computer Science); Luis Miguel Aboitiz, Illinois Utah Chile [email protected] Marcelo Vasquez, MBA 02 MBA 92; and James P. Lynch, MBA/MCP 90 Jim Barnett, MBA 04 Doug Clark, MBA 98 United Arab Emirates [email protected] [email protected] (City and Regional Planning). [email protected] Wiam Hasanain, MBA 08 Cindy Karasick, MBA 02 Washington, D.C. Colombia [email protected] [email protected] Leland “Lee” Miles, MBA 70 2 Michelle Walker, MBA 02 Bernie Murphy, MBA 11, is welcomed by Iowa [email protected] [email protected] Affinity Group Contacts Renee Wang, MBA 00, in Taipei. Jennifer Kakert, EWMBA 01 Wisconsin Guatemala Berkeley Chinese Alumni [email protected] Devin Tau, BS 01 Juan Mini, MBA 99 International Association 3 A festive blackboard greeted Thailand Los Angeles [email protected] [email protected] Niandong Wang, MBA 04 [email protected] welcome party attendees. Raffi Ahoronian (BS 04) Mexico City [email protected] Canada Carlos Dieguez, MBA 98 Brad Bao, MBA 05 Calgary [email protected] [email protected] 4 Michigan (Detroit) Pictured here in Thailand are (l. to r.) Saran Peter Laudat, MBA 98 Russell Kalmacoff, MBA 65 Ricardo Suarez, MBA 03 Berkeley Digital Media & Limvorasak and Manita Kovitvattanapong, 3 4 [email protected] [email protected] [email protected] Entertainment Club both MBA 09; Steven Gomberg, BS 79, MBA Michigan (Midland) Edmonton Peru Christian Oestlien, MBA 06 [email protected] 81; Piradee Tatiyakavee, MBA 10; and Tanya Elizabeth Singleton, MBA 08 Erik Dmytruk, BS 01 Freddy Amprimo, MBA 03 [email protected] [email protected] [email protected] Berkeley-Columbia Vannapregs, MBA/MPH 02 (Public Health). Alumni Chapter Missouri Toronto Venezuela David Hirtenfeld, MFE 07 Jorge A. Viera, MBA 01 Steve Hartman, BCEMBA 06 David Dickey, MBA 98 [email protected] [email protected] [email protected] [email protected] Christine Kelly Leong, BCEMBA 06 Haas Honors Shanghai Chapter Monterey [email protected] Jeff Johnsen, MBA 94 Australia/ Asia [email protected] New Zealand China (Beijing) Biotech Alumni and Martha Gerhan, BCEMBA 03 Australia Roy Zhou, MBA 06 Reza Afkhami, MBA 03 Nevada Gina Shafransky, BS 01 [email protected] [email protected] Martha Gerhan, BCEMBA 03, is this year’s winner of the Kathleen Forsyth, MBA 76 [email protected] [email protected] China (Hong Kong) Diversity Alumni Raymond E. Miles Alumni Service Award, and the Shanghai Chapter New Zealand James Man, MBA 03 Monica Stevens, MBA 96 New England Ross McConnell, MBA 04 [email protected] [email protected] of the Haas Alumni Network has been recognized as the 2009 George Reitter, MBA 70 [email protected] [email protected] China (Shanghai) Energy Alumni Chapter of the Year. Ann Hsu, MBA 98 Urvi Parekh, MBA 09 New Jersey Europe [email protected] [email protected] From the moment she stepped on the Berkeley campus as part John Gutman, MS 96 Belgium India (Bangalore) of the first Berkeley-Columbia Executive MBA class, Gerhan has [email protected] Naard Broeckaert, MBA 01 Entrepreneurial Alumni [email protected] Girish Venkatachaliah, BCEMBA 05 Michael Berolzheimer, MBA 07 been an enthusiastic supporter of Haas. She helped shape courses New York [email protected] [email protected] • Entertainment, Marketing England India (Mumbai) and work out the kinks of the new program and recruited new & New Media Contacts: Diego Groiso, MBA 02 Gay, Lesbian, Bisexual and Megan Tobin, BS 91 [email protected] Nidhi Jain, EWMBA 08 Transgender Alumni students for future classes. [email protected] Brian Jordan, MBA 06 [email protected] France India (New Delhi) [email protected] As a six-year member of the school’s Alumni Council and past • Entrepreneurs in Damien Dirringer, MBA 96 Technology Contacts: [email protected] Rahul Chandra, EWMBA 05 Health Management Alumni president, Gerhan has consistently offered thoughtful guidance [email protected] Association Chris Phenner, BCEMBA 03 Germany and strategic feedback, strengthening the school’s alumni outreach [email protected] Indonesia Melissa Schoen, MPH/MBA 90 Matthias Keudel, MBA 97 [email protected] and giving programs. She was instrumental in building the annual • Finance Contact: [email protected] Matt Sinder, MBA 99 [email protected] Real Estate Alumni Karti Bhatt, MBA 06 Greece “Legacy Gala and Reunion” for the executive MBA community. [email protected] Japan Scott Youdall, MBA 04 Dimitris Giannis, MBA 00 [email protected] HAN-Shanghai was recognized as Chapter of the Year for North Bay [email protected] Koji Abe, MBA 01 [email protected] South Asian MBA Association designing a diverse portfolio of events, boosting alumni engagement, Christina Hollingsworth, BS 00 Hungary [email protected] Korea (SAMBAA) and increasing event attendance six-fold. This enterprising chapter Peter Hajdu, MBA 05 Anurag Mairal, EWMBA 05 North Carolina [email protected] Jay Jung, MBA 03 [email protected] [email protected] launched the year with an alumni survey and then went on to create P.J. De Leon, MBA 94 Italy [email protected] Pakistan Venture Capital Alumni Martha Gerhan, BCEMBA 03 several popular events, including two dean's receptions and two Ada Perniceni, MBA 98 Linda Behnke, MBA 96 Orange County [email protected] Ali Hasan, MBA 09 successful student treks. [email protected] [email protected] Bart Young, MBA 75 Netherlands [email protected] Philippines YEAH Alumni Association Viktor Mattousch, MBA 00 Viktoriya Safris, BA 05 [email protected] Joey Yujuico, MBA 71 [email protected] [email protected] 28 CalBusiness Fall 2009 Fall 2009 CalBusiness 29 MBA

I ran an ultra marathon (155 miles/ statement! Recently I moved to the In Memoriam Submit your news online at http://haas.berkeley.edu/alumninotes six days) across the Gobi desert. San Francisco office of Morgan The locale, the Uyghur people, the Stanley in the commercial real Robert Johnson, BS 33 Obituaries Alumni Notes inspiring stories of the competi- estate strategy group, where I will Robert Ballachey, BS 34 tors, and the challenge of running focus on CRE and REIT strategy and William Bush, BS 34 Business Visionary Don Fisher, BS 51 received the American Accounting through a spectacular course was research. Hoping to connect back Dorothy Simpson, BS 36 Association Outstanding Accounting the highlight of my summer.” with other Haas alums in the Bay Don Fisher, BS of Modern Art and was a director of the Educator Award in 1985 and was Berkeley at the David Brower Francis Foote, BS 37 Area, as well as enjoy California with 51, chairman Boys & Girls Club of San Francisco, as honored by three former students with Center. This is a co-working space, Mikhail Shneyder, MBA, James McFadden, BS 37 my wife and 2-year-old son, Jai.” the establishment of fellowship and where social entrepreneurs meet, of Martinez, Calif., writes, “In May Dudley Zoller, BS 38 emeritus and well as a governor of the Boys & Girls connect, and collaborate on proj- 2009, I joined Heald College, 2009 Paul Gaillard, BS 40 founder of Gap Clubs of America. He was a member of endowment funds. Inc., passed the California State Board of Education During his time at Berkeley, Moonitz ects that are changing the world. established in 1863 and cur- Jevgenijs (Eugene) Maryann Herrin, BS 40 rently operating 11 campuses in We’re working with Haas on several Pauksta, MFE, writes, “I’m Millard Tonkin, BS 40 away Sunday, and a director of EdVoice, KIPP Charter served as the first associate dean of California, Oregon, and Hawaii, as fronts and will be having co-hosted a math monkey at Golden State Cloyd Dawson, BS 41 Sept. 27, at the Public Schools, and Teach for America. the university’s newly formed Graduate the vice president, Allied Health events with the business school this Asset Management hedge fund in Pauline La Jeunesse, BS 41 age of 81, fol- Since 2003, the Fishers have School of Business Administration, Programs. In this exciting role, I fall. I moved my office location to Sausalito, Calif.” George Hansen, BS 42 lowing a long hosted the San Francisco Haas Alumni from 1955 to 1959. In 1966, Moonitz Berkeley when the Hub opened on look forward to contributing to the H. Hodes, BS 42 battle with Celebration at Gap headquarters every took a leave from Berkeley to become Sept 1, and was excited about the growth of education opportunities Louis Lindsey, BS 42 cancer. Fisher was a long-time member spring, inviting the Haas community to the founding director of the Lingnan 2-mile commute. We’re still living for a number of healthcare occupa- in Rockridge and very involved tions experiencing ongoing labor BCEMBA John McFarland, BS 42 of the Haas Board, which advises the hear thought-provoking conversations Institute of Business Administration of with our church, Christ Church supply shortages.” Maureen Southwell, BS 42 dean on strategic and policy innova- with leading-edge speakers and to the newly formed Chinese University Rockridge. And last, but certainly 2003 Robert Wisecarver, BS 43 tions, and recently served as the enjoy the Fisher’s renowned collection of Hong Kong. not least, my wife, Adrienne, is 2009 Julie Hickey, BCEMBA, of Arthur Lambert, BS 44 board’s chair. of modern art, part of which is on dis- Moonitz is survived by three expecting our first baby in January. Echo Cheng, MBA, works for Berkeley, writes, “On the business William Leonard, BS 44 “Don was a truly great businessman play in the building. children; seven grandchildren; ten Excited to be a dad!” Alibaba.com and is based in China. front, I am celebrating 10 years at William Callahan, BS 47 of our time, who demonstrated In recognition of his professional great-grandchildren; and one great- Intuit this fall and am helping to Andrew David, BS 47 throughout his life the values and prin- achievements and support of Haas and great-granddaughter. 2008 Kaan Ersun, MBA, is working grow our solution provider/VAR as monetization manager at James Duart, BS 47 ciples that we strive for at the Haas Berkeley, Fisher was honored in 1986 Memorial donations may be sent Robert Chatwani, MBA, channel. On the personal front, lolapps, a quickly-growing startup Charles Harrison, BS 47 School,” said Dean Rich Lyons. “He as the Haas School Alumnus of the Year to the UC Davis Alzheimer’s Disease was promoted my partner, Lori, is expecting at in San Francisco that develops James Lawson, BS 47 Center, 150 Muir Road (127A), to head of the end of the year and our son, personified the concept of innovative and was named the California Alumni games and other software for the Robert Wilson, BS 47 global citizen- Jackson, will be 3 this October. leadership and challenging the status Association’s Alumnus of the Year in Martinez, CA 94533 or The Maurice Facebook platform. c ship at eBay Life is busy and full of fun.” Richard Gawthorne, BS 49 quo in the founding of the Gap and the 2007 — the highest honor given to a Moonitz Doctoral Fellowship Fund, /o Ernest Helme, BS 49 Inc., reporting to Adam Skibley, MBA, global retail empire that sprung from graduate of UC Berkeley. UC Berkeley Haas School of Business, eBay’s CEO. The married Dr. Lindsay Jackson in 2004 Angelo Theodos, BS 49 the fresh ideas that he and Doris imple- Fisher is survived by his wife, Doris, 502D Faculty Building #1900, role involves Sonoma, Calif., on June 6. The Jason Berkin, BCEMBA, William Armstrong, BS 50 mented when they opened their first also a great friend to the Haas School; Berkeley, CA 94720-1900 (payable stewarding couple honeymooned in Bora Bora of Los Angeles, is working in tech- Frank Kono, BS 50 store in 1969.” their three sons; and ten grandchildren. to UC Regents). Letters of condolence nology management. He writes, Robert Chatwani, the company’s and now reside in San Francisco. John Faliano, BS 51 Fisher and his wife, Doris, gave $5 should be sent to P.O. Box 6628, MBA 08 commitment to “Consulting but passionately Adam is a consultant with ZS Ralph Henderlong, MBA 51 million to establish both the Fisher Albany, CA 94706. promoting an Associates, and Lindsay is a chief pursuing R&D on exciting oppor- John Bannatyne, BS 52 Accounting Prof. Emeritus tunities in the energy smart-grid/ Center for Real Estate and Urban ethos of sustainable commerce in resident at Stanford’s Lucile Thad Sheridan, BS 52 Maurice Moonitz smart-billing market segments.” Planning and the Fisher Center for the society. Building from the founda- Packard Children’s Hospital.” John Rygh, BS 53 Lt. Gen. Donald Scott Pihl, tion of eBay’s business models Strategic Use of Information Technology Haas School Donald Corbin, PhD 54, BS 42 BA 59, MBA 64 in e-commerce, payments and 2009 at Haas. They made several generous Accounting Robert Dunn, BS 54 communications, Robert oversees Gabe gifts to the Haas School’s building Professor Emeritus Lt. Gen. Donald Scott Pihl, BA 59, MBA Spiro Mellis, BS 55 eBay’s impact through dedicated Burke, campaign. The Doris and Don Fisher Maurice Moonitz, 64, a decorated combat veteran who David Schoettler, BS 55 businesses and programs that BCEMBA, Gate, the western entrance to the Haas BS 33, MS 36, served his country for 31 years, died writes, “For Robert Berry, MBA 55 support cause marketing, sustain- campus, was named in their honor. PhD 41, passed Feb. 10 at the age of 71. able shopping, microfinance, and the last ten George Hafner, BS 57 They also gave generously to several away July 24 at Pihl played football and rugby as philanthropy. years I’ve Dion Cairns, BS 58 UC Berkeley causes, most prominently the age of 98. an undergraduate at Berkeley and been working Willis Wedel, MBA 58 received his commission after gradua- Dai Deh, MBA, writes, “I for Colliers the Athletics Department. A prolific adopted a puppy named Seal Duane Jacobsen, BS 59 scholar, Moonitz tion. He commanded units up through Adam Skibley, MBA 09, and Gabe Burke, International in Donald Pihl, BS 59, MBA 64 Don and Doris Fisher opened in April and bought a home in Lindsay Jackson at their Sonoma, BCEMBA 09 Oakland, Calif. was the author or editor of approxi- the division level and received the Alfred Genasci, BS 63 their first Gap store in 1969 on San Berkeley in July. What a crazy Calif., wedding I specialize in mately 70 articles and books on Purple Heart Medal. Peter Scott, BS 63 Francisco’s Ocean Avenue. They built the 2009. Also, still keeping the Haas leasing and sale transactions of accounting and also worked in the field Pihl retired as the military deputy to alumni connection strong here at Burton Broome, MBA 64 company into one of the world's leading MFE office and industrial property. I rep- as a certified public accountant. the assistant secretary of the army for Del Monte Foods.” Charles Merrifield, MBA 69 apparel retailers, with other brands resent both tenants and landlords, Moonitz earned his three business research, development, and acquisition. 2007 Michael Mohn, MBA 71 and stores including GapKids, Banana buyers and sellers.” degrees at Berkeley, taught at the He later joined General Dynamics, from 2008 Robert Melton, MBA 72 Republic, and Old Navy. Fisher retired as Swaroop Yalla, MFE, writes, University of Santa Clara and Stanford, which he retired in 2002 as a senior Yunfei Feng, MBA, who was “After two hectic years on the Ernest Scherer, MBA 75, BS 71 Gap's chairman in 2004, the year the and worked as a staff accountant at vice president. an exchange student from Beijing, securitized products and residential Tyzoon Tyebjee, PhD 76, MBA 72 company's sales peaked at $16.3 billion. China, is working in strategy Executive Development Pihl is survived by his wife of 51 housing derivatives desk of Morgan Margaret “Midge” Lester, MBA 76 He remained a member of the board with Arthur Andersen before returning to development in the financial years, Sandra, of Rochester Hills, Mich.; Stanley in New York and witnessing 2000 Michael Augello, BS 77 the title chairman emeritus. Berkeley as an associate professor in services industry. 1947. He was promoted to professor three children; and eight grandchildren. the unraveling of the credit crisis Shih-Chieh (Joe) Su, Thomas Huey, MBA 78 Fisher served on the board of from a somewhat first-hand perspec- in 1953 and retired in 1978. Moonitz Huzefa Mehta, MBA, of San Executive Development, Pat Hsu, BS 82 trustees of the San Francisco Museum tive, to say that it has been a roller Jose, Calif., writes, ”In June of 2008, of Taipei, Taiwan, is an IT industry John Bessey, MBA 83 coaster ride would be an under- analyst consultant.

30 CalBusiness Fall 2009 Fall 2009 CalBusiness 31 The RoadLessTraded Personal View that hetradedinNewYork Berkeley MFEtours20“emerging markets” our trip“TheRoadLessTraded.” countries almostentirelybytrain. We called includedtraveling to20EM Our itinerary well theseemergingmarketsactually work. for mynextopportunityandseefirsthand how ently asaffectedbythecreditcrisis) tosearch mies werenotasheavilyleveragednorappar- Slovakia, China,andMalaysia(whoseecono- a perfecttimetovisitcountrieslikeIndia, job marketwasinacoma,Idecidedit markets. SowhiletheNewYork derivatives and structuredproductslinkedtoemerging spent muchofmycareertradingderivatives sands floodingWall Streetthatyear, Ihad when Ifoundmypinkslipamongthethou- from aNewYork desk.Until Nov. 20,2008, (EM) countriesthatIhadpreviouslytraded our 200-daytourof20emergingmarket It’s oneofmanymemorableencounterson Baltic propertymarket. estate entrepreneur, teachesmeaboutthe floor flat,whereherpartner, asuccessful real she invitesustodinneratherpolished,top- about herlifeinLithuania.Beforeweknowit, us, andsoonsheischattingwithmywife tive middle-agedwomansittingacrossfrom Our one-year-oldstartssmilingattheattrac- comfortable andhome-like thanahotel,with Kiev, whichimmediately provedtobefarmore found anapartment forourthree-daystayin For example,afterourfourth hotel,mywife about onmyown. related torealestate —thatImightnotlearn several aspectsof thesemarkets—particularly instead ofas“one to guy”would introduceme 32 soon cametorealizethat at thetimeandmysonwasnotyet inschool.I Fortunately, mywifecould easilyleaveherjob Real EstateLessons R By Tariq Dennison,MFE04 Prussian forestsoutsideourwindow. to Vilnius,Lithuania,wepasssleepy iding thetrainfromWarsaw, Poland, CalBusiness Fall 2009 traveling as a family always bepartofhowIevaluatethem. property marketsinthesecountries should local) tradableassetandhowwatching the estate isthemostlocal(perhaps onlytruly reinforcedformehowreal Our observations (and probablylittlesurplusforvisitorstorent). highhomeownershiprates leading tovery became ownerswhentheUSSRcollapsed, for citizenstolivein,andthentheoccupants Soviets mass-producedjustenoughofthese poor value.Thisseemedtobebecausethe Krushchev-era cementblocksandavery an apartment;mostwereindark,tight,smelly In Russia,itprovedrelativelydifficulttofind how peopleliveintheseplaces. at therealestatesituationandabetterideaof in differentcitiesalsogaveusaquickglimpse But searchingforandstayinginapartments more space,akitchen,andwashingmachine. term horizon extendingonly 12 to18 months. mindset hasresulted inmostpeople’slong- the “make amilliontoday, getshottomorrow” the lawless’90sin Russianbusinessandhow city’s manytrendy bars,hetalkedtomeabout from our$35glasses ofscotchatonethe Berkeley MFEworking there.Whilewedrank ning whileIwent toshareadrinkwithfellow In Moscow, thefamilyplayedathomeoneeve- Russia’s ScarcestResource Kaesong, NorthKorea Tariq Dennison, MFE04,withhisfamilyin up next... I hopetocontinue tradingwhereverweend excitingly differentwaysandwhose markets — whoseeconomieshavebeendeveloping in we’d lovetolive—Budapest,Vilnius, Shanghai discovered nolessthanahandful of places investments backintheWest, wehavealready will actuallybeouthereorselling EM sorting outwhetherthenextgreat opportunity Singapore byNovember. Whilewearestill two monthsseparatingusfromour goalof with sadlyonlySoutheastAsiaand about train fromGuilin,China,toHanoi, Vietnam, As ofthiswriting,weareaboutto boarda Jersey Citythreetofiveyearsfrom now. tion, it’seasytoenvisionDatonglookinglike But withcountlesshighrisesnearingcomple- a “highrisk/highreturn” phaseofinvestment. having alreadyarrivedthere—oftenasignof more likeacitybuildingtowardthefuturethan one giant,dustyconstructionsiteandseems fering fromtremendouspollution.Itlookslike enjoying rapidlydevelopingwealthandsuf- coal baseinChina.Consequently Datong sitsona“sea ofcoal”—thelargest in thenorth-centralpartofcountry. Datong, acityoflessthan2millionpeople or Shanghai,webeganourtourofChinain bystartinginabigcitylikeBeijing the country looking forit.Hopingtoavoidalimitedviewof belongs toChina,” wearrivedandbegan After hearingforyearsthat“the 21st century Sea ofCoal more term, resource inRussiaisthedesiretoinvestlong- Siberia, Kiev andafriendofanaluminKrasnoyarsk, Similar conversationswithaBerkeleyalumin visit roadlesstraded.com. To followTariq Dennison’stour, abundant inChina. something Iwouldsoondiscoverwas also confirmedthatthescarcest , thecityis haas.berkeley.edu/givenow

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