THE MAGAZINE OF THE HAAS SCHOOL OF BUSINESS AT THE UNIVERSITY OF CALIFORNIA, BERKELEY University of California, Berkeley Nonprofit Organization Haas School of Business U.S. Postage 545 Student Services #1900 Paid Berkeley, CA 94720-1900 University of California, Berkeley

BerkeleyHaasFall 2016 6 SUPERCHARGED 10 LESSONS FROM MT. EVEREST 16 A HEALTHY SUCCESS Quantifying the economic power of reliable Mountaineering illustrates the dangers of Albert Lee, MBA 04, helped make MyFitnessPal energy in developing nations groupthink for workplace teams the world’s leading fitness app

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9 5 1 REUNIONREUNION WEEKENDWEEKEND Business Leaders of the Year 2017 BUILDERS

Relive the best of your Berkeley-Haas experience! Catch up with classmates, listen to engaging lectures, make new connections, and bring your OF DREAMS family back to campus. Susan Chamberlin, MBA 87, and her husband, Steve, spent years planning new Everything you loved about business school—without the exams. structures and cityscapes. Now they’re redesigning the world of public education. haas.berkeley.edu/reunion #haasreunion #haasalumni Question the Status Quo Fall 2016 EXECUTIVE EDITOR FEATURES AND DEPARTMENTS The Beyond Yourself Issue Confidence Without Attitude Ute Frey

UP FRONT MANAGING EDITOR Students Always Amy Marcott

DESIGN Beyond Yourself Cuttriss & Hambleton, Berkeley

STAFF WRITERS Berkeley-Haas alumni enjoy 15% off Laura Counts, Kim Girard, open-enrollment programs. Pamela Tom The UAE Happiness Initiative CONTRIBUTING WRITERS Charles Cooper, Krysten 2 Haas List Crawford, James Daly, Creating happier workers in Andrew Faught, Andrew Hill, the UAE Gretchen Kell, Kate Madden Yee, Upcoming Programs 4 Haas News Mike Rosen Haas case study explores a high-growth industry: PHOTOGRAPHY legal cannabis Noah Berger, Jim Block, Keegan Houser, Karl Nielsen, 6 Power of Ideas Peg Skorpinski Quantifying the economic power of reliable energy ILLUSTRATORS 8 Power of Ideas Dulce Lopez, Stephan Schmitz, The benefits of balancing Kotryna Zukauskaite integration and nonconformity BerkeleyHaas magazine is IN THE BACK published by the Haas School of Business, University of California, Berkeley. For further information, contact:

Albert Lee, MBA 04 (above), and his brother, Mike, co-founded MyFitnessPal, which by 2014 had BerkeleyHaas Magazine Editor become the market’s most popular nutrition and fitness tracking app. Under Armour subsequently Haas School of Business acquired MyFitnessPal for $475 million. This fall, Lee was awarded Berkeley-Haas’ Leading Through University of California Berkeley, Innovation Award. Page 16 CA 94720-1900 [email protected] 10 Management Lessons from the BerkeleyHaas Fall 2016, Kira Makagon, MBA 96 Number 93. Pinnacle of Human Endeavor 18 Haas Network For change of address, email For mountaineering and workplace teams, cooperation may be a dangerous Alumni from RingCentral, [email protected]. symptom of groupthink, says Prof. Jennifer Chatman, PhD 88. NetSuite, Plum Organics, Aperture Entertainment, Women in Technology New Manager Boot Camp EverString, and GoGoVan February 6–7, 2017 February 22–24, 2017 12 Builders of Dreams 22 Investing in Our Future Faculty Director: Dana Carney, Haas associate professor Faculty Director: Homa Bahrami, Haas senior lecturer Couple’s planned gift to help Business Leaders of the Year Susan Chamberlin, MBA 87, and her husband, students graduate with less Ideal for: Women who work in roles typically dominated by men Ideal for: Recently promoted scientists, engineers, Steve, spent years planning new structures and cityscapes. Now they’re rede- debt (e.g., engineers, IT professionals); who are new managers in tech high-tech professionals, supervisors, and managers signing the world of public education. companies or work in tech start-ups; and who have an interest in 24 Worldwide Events science-based best practices in the workplace The father of Open Innovation 16 A Healthy Success 26 Accolades Leading Through Innovation winner Albert Lee, MBA 04, co-founder of 26 Alumni Notes MyFitnessPal, makes it easy for millions to lead healthier lives. 35 In Memoriam Find the right opportunity for you and your team 36 Personal View executive.berkeley.edu Cover photo by Karl Nielsen Tom Stahl, MBA 93, sings the praises of the sabbatical CONTACT: +1.510.642.9167 Fall 2016 1 Haas List Watch the Brexit panel: haas.org/brexit-panel.

Members Research Berkeley Pride of the UAE New Building Happiness Haas on Initiative the Case Looking 75 & Fabulous California Sharp Management 5 Happy 75th birthday to Oski, UC 2 Review has Berkeley’s beloved mascot. The published numerous new cases (cases.haas. septuagenarian is busier than ever with berkeley.edu) by Haas some 300 events a year and his own faculty, including examinations of Google Rankings Twitter handle, Facebook page, and Lair and Niantic Labs (by Best in Show of the Golden Bear camp. Oski, who Lester Center Founding 4 North Academic Building Exec. Dir. Emeritus Jerome The Berkeley Master of Construction on the new began as a Daily Californian cartoon Engel); Levi Strauss & Co. Financial Engineering North Academic Building strip in 1941, has appeared at retirement Dean’s Speaker Series and Patagonia (both (MFE) Program is #1— is almost ready to move co-written by Center for x2. The program came to the interior. Weather parties, children’s hospitals, and East Responsible Business out on top recently in two depending, the building Coast fundraisers, in addition to Exec. Dir. Robert Strand); major rankings of U.S. is slated to open in late Fallout Virgin America (by Exec. Dir. financial engineering spring. Check out the sporting events. He’s even walked a of Emerging Initiatives programs: the TFE Times, progress on the live bride down the aisle. His name derives and Future Adam Berman and which is based on mean webcam: haas.org/ from “Oski Wow Wow,” which had long How will Britain’s departure from the European Union Lecturer Frank Schultz); GRE/GMAT scores, NorthAcademicBuilding. 8affect the country’s international trade, living Sanergy (by Visiting Faculty starting salary and been part of spirit yells at UC Berkeley standards, financial sector, and political economy? Jennifer Walske and Prof. bonuses, undergrad GPA, That’s what an expert panel gathered to discuss at a Faculty and other schools. The word oski, or the Laura Tyson); Genentech acceptance rate, and special Dean’s Speaker Series. “Brexit: What Next?” (co-written by Senior employment outcomes, 100K Club acronym OSCI (other side caught it), featured Prof. Andrew Rose; moderator Maria Carkovic, Lecturer Homa Bahrami); and Quantnet, a financial Profs. David was a football term. exec. dir. of the Institute for Business Innovation; Galina and Disruption in Detroit: engineering website. In Teece and Ross Hale, research advisor at the San Francisco Federal Ford, Silicon Valley, and the Quantnet ranking, 6 Levine each Oski’s birthday was celebrated with Reserve Bank; and Barry Eichengreen and Gerard Beyond (by Lecturer Ernest Haas tied for #1, up from Executive Education achieved an important pomp and hoopla during homecoming, Roland, both UC Berkeley professors of economics and Gundling). #2 last year. milestone, according to political science. Among the insights: Rose didn’t Google Scholar: more including a public lecture, “Oski Bear expect a large collapse of living standards in the UK than 100,000 citations of and the Struggles of Being a 75th-Year though he did expect trade stagnation since about half Spreading their published research. of all British exports go to EU countries. “Most of the The achievement marks Sophomore,” estimates from academics say the Brexit disruption...is the growing influence of and a tribute going to lead to around a two percent drop in GDP,” Rose their scholarly findings said. “The long-run effect is going to be larger because Happiness among other academics. on the Brexit will create a more closed economy in the UK.” Teece’s most cited paper is football The United Arab Emirates is about to get happier. Using “Dynamic Capabilities and research into the science of happiness and positivity by UC Strategic Management,” field before Faculty published in Strategic the Cal vs. Berkeley Psychology Professor Dacher Keltner, the UAE Management Journal in Honoring a Pioneer has partnered with UC Berkeley Executive Education and 1997. Levine earned the Utah game. Adj. Prof. Nora Silver kept distinction for a series hearing MBA students say The Greater Good Science Center to create a more positive of co-authored papers 9 that they wanted to create global social workforce and, ultimately, a happier country. Sixty “Chief 3Entrepreneurs showing that financial change. So she created a class to teach intermediaries and students how to frame effective social Happiness and Positivity Officers,” who were appointed by Female Capital markets exert a powerful movement strategies. “Large-Scale the UAE Prime Minister’s Office, are being trained by a cross- Just how successful are Berkeley-Haas alumnae influence on long-run Social Change: Social Movements” economic growth. examines dozens of historical and section of Haas and UC Berkeley faculty experts in the areas entrepreneurs? According to research firm PitchBook, Adj. Prof. female startup founders who earned their undergrad contemporary social movements, such Nora Silver of business, psychology, leadership, and public policy on topics degree from Haas were #2 in securing venture capital, as civil rights and Black Lives Matter. including mindfulness, creating metrics around happiness tied with the University of Pennsylvania. In all, 104 For her work, Silver, the faculty director of the Center Haas women founders were backed by VC funding. for Social Sector Leadership, received the Aspen and positivity, and leading happy people and organizations. Stanford took the top spot with 125. Harvard came Institute Faculty Pioneer Award, which honors The training and development program, which will be taught in fourth with 100. According to the data, since 2010, business school faculty who are teaching “business in both Dubai and Berkeley, supports a five-year initiative by 430 undergrad alumnae from these four universities practices that help corporations confront society’s have started 418 companies and have raised more Profs. David Teece and grand challenges.” Watch Silver explain more about Prime Minister Mohammed bin Rashid Al Maktoum. than $5.3 billion in total venture capital. Ross Levine the course: haas.org/nora-silver. Oski Bear 2 BerkeleyHaas Fall 2016 3 Up Front Up Front Haas News

BY THE NUMBERS DEAN’S LETTER Giving Results Impact All-Inclusive Thanks to all the donors Haas institutes diversity initiatives who helped us surpass Investing previous fundraising Last year, Berkeley-Haas adopted a strategic successes in FY16. Award-winning study focuses on “supply” business plan that puts a high priority on ethnic and demand of impact funds diversity, gender equity, and leading in a diverse world. When it comes to impact “Our mission as a school is to develop leaders who investing, supply is redefine how we do business, and that requires HOUSER KEEGAN PHOTO: failing to meet demand, people who experience the world in different ways, Promoting November's Big Give with Matthew Hahn, MBA 17; Carina Serreze, MBA 17; Jennifer Kodia, BS 19; $35.9M a new study co-authored who think differently, and who welcome different ways Dean Lyons, BS 82; Patrick Burden, BS 17; Susy Schöneberg, MBA 17; and Juan Casanova, MBA 17 Raised for Berkeley-Haas, by Assoc. Prof. Adair of thinking,” says Dean Rich Lyons, BS 82. July 1, 2015–June 30, 2016 Morse found. “Impact Assistant Dean Erika Walker is serving as the student Investing,” which won the equity officer, reviewing how diversity is reflected in the Foundation for Excellence 2016 Moskowitz Prize curriculum, extracurricular activities, and the school Haas launches ambitious campaign to take school to next level for Socially Responsible community across all programs. Profs. Jennifer Investing, also found Chatman, PhD 88, and Jonathan Leonard are serving as The financial support Berkeley-Haas To maintain our competitive advantage, 7,265 that Europe’s demand faculty equity officers, working on equity issues among receives from alumni and friends is we’ve launched an ambitious campaign Number of donors— for impact funds over students and faculty; Human Resources Director Denise crucial to maintaining our position among called the Foundation for Excellence. highest ever traditional investments Boyd serves a similar role for staff. the world’s top business schools. Just This “campaign within a campaign” Assoc. Prof. Adair Morse was three times higher Admissions initiatives aim to boost applications from look at some of the exciting things donor focuses specifically on discretionary than in North America. underrepresented minority students. One such effort is generosity has allowed us to accomplish: giving, aiming to increase annual support to $5 million by June 30, 2019, Morse, along with Brad Barber and Ayako Haas’ participation in the Consortium for Graduate • Launching the Management, by asking you to make a leadership-level Yasuda, both of UC Davis, investigated 3,500 Study in Management, which seeks to increase the Entrepreneurship, & Technology commitment to the Haas Fund over $694,401 limited partners, 5,000 funds, and 25,000 number of African-Americans, Latinos, and Native program with our College of three years. The three-year commitment One-day fundraising Americans in top business programs and corporate Engineering, offering both business capital commitments results. They developed an helps you—our alumni and friends—to record for the second- Smoking Hot management. It offers fellowships and scholarships for and engineering undergraduate “investment choice model” to chart investor demand recognize the depth of your affinity and annual Big Give in 2015 Haas case study explores a high-growth exceptional MBA candidates with a track record of degrees to top students for impact funds over traditional options, matching commitment to Haas and to participate characteristics between fund and investor, referred industry: legal cannabis promoting diversity and inclusion. • Opening the Innovation Lab at Memorial This year, the incoming full-time MBA class includes a more fully in this championship team to as limited partner or LP in the framework. The Stadium, which provides faculty and we’ve built together. Why $5 million? The legal cannabis industry is on fire: sales are projected record 47 Consortium fellows—the largest group among study proves that investing to have a positive social to reach $6.7 billion this year and to top $21 billion students with flexible, studio-style We are currently at about $3.7 million the organization’s 18 member schools. classroom space for team-based, or environmental impact alongside a financial by 2020, according to research firm IBISWorld. Some and I am seeing at least another $3.6M return is here to stay. Another important finding The full-time MBA office and the student-led Gender hands-on learning and experimentation $1.5 million of additional exciting Given to the Haas Fund— 29 states and the District of Columbia have passed Equity Initiative work to increase the shows that demand for impact is higher in countries • Powering our school’s startup investment opportunities each year (e.g., the most in a single year measures legalizing the drug in some form. proportion of women in the program, that are United Nations Principles for Responsible As entrepreneurs and investors move in on the accelerator, SkyDeck, jointly with investments in valuable research that will Investment (UNPRI) signatories. with direct outreach from alumnae Engineering preemptively retain faculty or in new ways “green rush,” Haas has published the first major and senior women leaders from Haas. The Moskowitz Prize is determined and managed • Attracting and retaining our world- of delivering cutting-edge course content business-school case study on a cannabis enterprise. Women make up 40 percent of the annually by Berkeley-Haas’ Center for Responsible renown faculty in a hyper-competitive to alumni digitally). The case, “Cannabusiness in Washington, D.C.,” program overall. Business and is the only global award recognizing profiles Corey Barnette, a Duke Fuqua MBA and talent market As incentive, an anonymous donor outstanding quantitative research in the field of former Bank of America investment banker who • Expanding the offerings of essential has offered a $1 million Leadership sustainable, responsible, impact investing. Morse, owns a cultivation center and dispensary. The study experiential learning opportunities to Challenge, which will match dollar-for- who teaches New Venture Finance at Haas, is the was spearheaded by Mohsin Alvi and Jamaur our students… dollar any increase in your support to the first UC Berkeley professor to win the award in Bronner, MBA 16s, who were interested in exploring Haas Fund between $2,500 and $99,999. its 21-year history. Previous winners have explored …and much more. Every one of these The $1 million matching fund is just the not only the business opportunities presented by the successes has something in common: shareholder activism, socially responsible mutual budding industry but also the public policy and kind of turbo-charge we need, and we’ll they were germinated from the Haas do our best to have something like this in funds, and socially responsible investing as a catalyst social justice issues that surround a substance that Fund, a discretionary fund that I use to place to accelerate this category of giving to financial performance, among other topics. is still illegal under federal law. make the 10 to 20 exciting “seed stage” in future years. The study, co-written by Alvi, Bronner, and Deena investments each year that drive our To learn more about the Malaeb, BS 17, along with lead author Rui de school’s future strength and reputation. These discretionary funds and the programs and people that Figueiredo, Haas associate professor, appears in These investments typically fall into three catalytic seed-fund investments they your donations to Haas the Berkeley-Haas Case Series and the California buckets: student/alumni opportunities, enable me to make are putting our school support, check out the new CorrectionFEEDBACK F r o m Management Review. programs, and faculty retention. The Haas on a different trajectory. I am counting on Annual Report of Private De Figueiredo says there are challenges facing the Fund is the high-powered money I use to you to lift Berkeley-Haas a notch on your Giving: haas.berkeley. list of philanthropic priorities this year. In the Summer 2016 issue, fledgling industry that, taken together, are unique. spark advances in these areas. edu/annualreport. Paul Jansen’s title was These include questions about strategy, leadership, Sincerely Yours, incorrectly stated in the and—given that the federal government classifies article “Building a Cross- marijuana among the most dangerous drugs—public Sector Career.” It should be policy. “Basically, the legal side of the industry is Haas Adjunct Professor. starting from scratch,” says de Figueiredo. “You don’t typically see that in traditional business-school Rich Lyons, BS 82 cases and discussions.” [email protected] | @richlyons

4 BerkeleyHaas Fall 2016 5 Up Front Up Front Power of Haas Ideas

ENERGY RESEARCH PROFS. CATHERINE WOLFRAM AND PAUL GERTLER The High Cost of Cheap Gas Effects of soaring U.S. gas consumption Supercharged By Prof. Lucas Davis Profs. Catherine Wolfram and Paul Gertler August was now, but gasoline prices peaked seek to quantify the economic power of the biggest during the summer of 2008 to above month ever for $4 a gallon and remained steep until reliable energy U.S. gasoline late 2014. These high prices reduced consumption. gasoline consumption, but now that Access to reliable energy sources holds the power to build stronger Americans used $2 gasoline is back, Americans are economies and healthier populations. Now it’s time to quantify it. a staggering filling up their tanks like never before. That’s the goal that Berkeley-Haas professors Catherine Wolfram and 9.7 million barrels U.S. vehicle sales peaked last year, led by trucks and SUVs, and this Paul Gertler are seeking through a five-year, $18.5 million research grant Prof. Lucas Davis per day—more than from the United Kingdom’s Department for International Development. a gallon per day for summer Americans took to the roads Wolfram is the research director and Gertler the deputy research every U.S. man, woman, and child. in record numbers. director of the Applied Research Programme on Energy and Economic The new peak has surprised many. In This all illustrates the deep Growth, led jointly by UC Berkeley’s Energy Institute at Haas and 2012, after five years of falling gasoline challenge of reducing fossil fuel use Center for Effective Global Action and by Oxford Policy Management, consumption, the U.S. Department in transportation. The available an international development consultancy based in the UK. of Energy forecast that U.S. gasoline substitutes, such as electric vehicles and biofuels, are expensive and not BerkeleyHaas recently spoke with Wolfram about goals for the grant. consumption would steadily decline for the foreseeable future. That same necessarily less carbon-intensive. year, President Obama announced Can new fuel economy standards You’re at the start of an exciting project. What are your main goals? aggressive new fuel economy standards turn the tide? Perhaps, but as I show We want to better understand the mechanism through which energy that would push average vehicle fuel in new research, the new rules are investments contribute to economic growth in Sub-Saharan Africa and economy to 54 miles per gallon. yielding smaller fuel economy gains South Asia. It could be directly through benefits to individual households Fast-forward to 2016, and U.S. gasoline than was expected. With the new or more broadly in the industrial sector by providing better jobs. Or maybe consumption has increased steadily rules, the fuel economy target for each it’s also through hospitals and schools and the services they provide. four years in a row to a new peak. vehicle depends on its overall size. So Energy is a big field. Any particular areas of study? This dramatic reversal has important as Americans have purchased more Mainly, the role that electricity plays in economic growth. But we’ll also consequences for petroleum markets, trucks, SUVs, and the like, this relaxes study the effects of extracted oil and natural gas, because they can also the environment, and the U.S. economy. the overall stringency of the standard. influence the electricity industry. Countries like Nigeria, for instance, How did we get here? There were a So, yes, fuel economy has improved—­ have a lot of oil and diesel available, and some researchers argue that this number of factors, including the Great but much less than it would have has made it easy for the local electric companies to get away with poor Recession. When people have less to without this mechanism. reliability. People who are rich enough have backup generators running spend, they trade in their vehicles for Fuel economy standards may be on diesel so reliable grid electricity is not critical to the elite. more fuel-efficient models and drive able to continue increasing fuel fewer miles. But now, as incomes are economy, but unlike a gasoline tax, Where will your research be focused? increasing again, Americans are buying standards cannot increase the cost Sub-Saharan Africa and South Asia, but we may study some other middle- bigger vehicles with bigger engines per mile of driving. Americans income countries, as well—places like Mexico and parts of Latin America— and driving more total miles. will drive 3.2 trillion miles in 2016, to see what happens to a country once it gets nearly full electricity access. The other important explanation is more miles than ever before. Why How will the study work? gasoline prices. It is hard to remember wouldn’t we? Gas is cheap. We’re putting together a worldwide network of researchers who will engage with policymakers to learn about the main barriers they see to This is a shorter developing their energy sectors. If we engage with stakeholders early in version of a post the process, we hope we’ll be able to influence policy later on. on the Energy Institute’s blog: We’ll also be doing a lot of field research. In Kenya, for instance, we’re energyathaas. working with the Rural Electrification Authority, and we’ve subsidized wordpress.com. rural households to connect to the electricity grid. People in our study have been connected for about two years, and we want to see how having electricity has impacted their lives. For instance, do kids study more at night? Have people started businesses? On the other hand, we may find that the impacts are minimal, suggesting that getting electricity into every rural home may not be the best way to drive economic growth and development. A better way might be getting reliable and high-quality electrical service to commercial establishments that can create jobs. Or getting reliable electricity to health centers so they can refrigerate vaccines and offer better services at night. We need more research to sort through the alternatives. —Interview with James Daly

ILLUSTRATION BY KOTRYNA ZUKAUSKAITE

6 BerkeleyHaas Fall 2016 7 Up Front Up Front

Watch videos of faculty and leading business leaders: Power of Haas Ideas insights.haasalumni.org.

ON THE JOB ASST. PROF. SAMEER SRIVASTAVA The Ethics of participants. One study, amount of weight on Women designed to better information delivered understand the via the media,” says Gender and social psychological process Haas Prof. John Morgan. Fit In or Stand Out? pressure drive behind unethical “As a result, investors unethical decisions negotiating tactics, become less likely to use For career success, balance integration and showed that women did the information in an nonconformity, says Asst. Prof. Sameer Srivastava not completely optimal fashion to price disregard—but only the stock. The cost of lowered—their moral our markets functioning Is it better to fit in or stand out at work? A new study suggests that the obligations regardless of based on mispriced answer depends on your position in your network structure and your whether they were stocks is greater than the degree of cultural alignment. advocating for themselves benefits of having public If you stand out culturally by not following the same norms as your or others. information.” colleagues, you’ll need to be part of a tight-knit group and thus fit into your “This suggests that In the working paper organization structurally to succeed. And if you aren’t a member of any one women did not see “Experiments on the Social Value of Public clique but serve as a bridge across groups that are otherwise disconnected Prof. Laura Kray unethical tactics as more Information,” Morgan from each other, then you better fit in culturally. acceptable when helping and co-author Donald The research findings, published in the American Sociological Review, Would you tell a lie to others ... they lowered J. Dale of Muhlenberg were co-authored by Haas Asst. Prof. Sameer Srivastava and Amir Goldberg help someone else? A new their ethical standards College suggest that of Stanford’s Graduate School of Business in collaboration with study says women won’t because they felt policymakers must Christopher Potts, Stanford linguistics professor, and Stanford graduate lie on their own behalf, pressured to do so,” researchers Govind Manian and Will Monroe. but they are willing to balance the costs of says Kray. transparency with the “Most people recognize that if they fail to differentiate themselves from do so for someone else The study’s results may their peers, they are very unlikely to get ahead,” says Srivastava. “Yet fitting if they feel criticized or effects of distorted appear disturbing. But information. into a company creates a larger, motivating sense of identity for employees pressured by others. Kray stresses they are and enables them to collaborate with others.” In contrast, men are “The ‘echo chamber’ an opportunity for self- effect of public Srivastava and his colleagues, fascinated by that tension, examined a the opposite: they do awareness. “Ask yourself, information can ruin the mid-sized technology company’s complete archive of email messages not compromise their ‘What are the constraints way the market should exchanged among 601 full-time employees between 2009 and 2014. ethical standards under and social pressures? If I function,” says Morgan. The team created an algorithm that analyzed how closely the emails’ social pressure regardless were doing this for myself For this study, natural language mirrored that of their colleagues. For privacy, only emails of whether they’re or someone else, how undergraduates exchanged among employees were analyzed and identifying information advocating for themselves would I act differently,” participating in a stock and actual message content were stripped from the data. or anyone else. says Kray. —PT trading game were given “Some of the most informative language categories were ones whose use The study, “‘I’ll Do two types of private is governed by cultural norms—for example, talking about family, using Anything For You’: The Undermining information: high quality/ personal pronouns, and even swearing. People who fit in culturally learned Ethical Consequences Investor reliable and low quality/ to understand and match the linguistic norms followed by their colleagues,” of Women’s Social less reliable, correlating says Srivastava. Considerations,” which Decisions with fundamental The researchers then studied employee age, gender, and tenure, and received the Best The problem with public information (a stock’s identified those who had left the company, whether voluntarily or Empirical Paper Award information intrinsic or true value, involuntarily. Four organizational archetypes emerged: “doubly embedded from the International not market value). Later, actors,” “disembedded actors,” “assimilated brokers,” and “integrated Association of Conflict they were given public nonconformists.” Management, was co- information. Participants A doubly embedded employee is someone both culturally compliant and authored by Prof. Laura tended to overweight the part of a dense network. Such a person is unlikely to get exposed to novel Kray and lead author low-quality information information and will struggle to propose new ideas. They were over three Maryam Kouchaki of in all rounds of the times more likely to be involuntarily terminated than those identified as Northwestern University. experiment. integrated nonconformists, people who are part of a tight-knit group but “We found that when “It places investors on who still stand out culturally. Those most likely to get ahead are assimilated women act on their own the horns of a dilemma,” brokers, people high on cultural fit and low on network cliqueness. behalf, they maintain says Morgan. “We Integrated nonconformists also gained more job success. higher ethical standards Prof. John Morgan would all be better off “The assimilated broker has connections across parts of the organization than men,” says Kray. cooperating but our that are otherwise disconnected. At the same time, she knows how to blend “However, women will Are investors “mad” individual interests are in seamlessly with each of these groups even if they are quite different act less ethically, such as to follow CNBC’s strong. If everyone else is culturally,” says Srivastava. telling a lie, when they fear Mad Money host Jim following the news story, The lesson, says Srivastava, is that if you blend in both structurally and being viewed as ineffective Cramer’s stock advice? then most people think culturally, you risk being seen as bland and unremarkable. At the same at representing another Would they be better the best thing they can time, if you try to serve as a bridge across groups but lack the capacity for person’s interests.” off without media’s do for their investment cultural conformity, you can wind up being perceived with suspicion and The findings are a result insights? New research strategy is to follow along mistrust. The goal is to find a balance between the two. of four studies, each suggests they would. even if they know they The original version of this article was published by the Stanford Graduate School of Business involving from 160 to 235 “People put an enormous may be wrong.” —PT on Insights by Stanford Business. ILLUSTRATION BY STEPHAN SCHMITZ

8 BerkeleyHaas Fall 2016 9 Management Lessons from the Pinnacle of Human Endeavor For mountaineering and workplace teams, cooperation may be a dangerous symptom of groupthink says Prof. Jennifer Chatman, PhD 88

By Andrew Hill, Financial Times

In his book Into Thin Air, the harrowing account of the sometimes took risks that put lives in jeopardy. ill-fated 1996 expeditions up Mount Everest, moun- Lessons from extreme situations may seem irrele- taineer Jon Krakauer recalls his sense of foreboding vant to staffers discussing projects in air-conditioned as he helicoptered into the Himalayas with an ad hoc corporate conference rooms. But Chatman says the re- team of amateurs. search suggests perhaps “the whole team-building fad “I attributed my growing unease to the fact that I’d has overshot the mark,” by placing too much emphasis never climbed as a member of such a large group—a on cohesion. Lives may not be on the line, but teams group of complete strangers, no less,” he writes. “One that do not value and recognize their differences could climber’s actions can affect the welfare of the entire be less effective. team. The consequences of a poorly tied knot, a stum- There are few more pressing management chal- ble, a dislodged rock, or some other careless deed are lenges than how to run diverse teams. Big companies as likely to be felt by the perpetrator’s colleagues as the are experimenting with ways to go beyond traditional perpetrator . . . . I suspected that each of my teammates recruitment in order to widen the pool of staff from hoped as fervently as I that [Rob] Hall [their profes- which they fish. Deutsche Bank, for instance, is ex- sional guide] had been careful to weed out clients of ploring behavioral profiling and testing in its hiring. In dubious ability and would have the means to protect her book What Works—shortlisted for this year’s FT each of us from one another’s shortcomings.” Business Book of the Year—Iris Bohnet focuses on the In fact, eight climbers died in one day—including difficulties of achieving, then reaping, the advantages Hall—when storms closed in on the many groups, from of gender balance in the workplace. “Getting it right is first-timers and “tourists” to hardened professionals, not easy,” she writes of the task of designing appropri- who were trying to make it to the summit and back. ately balanced, creative, and productive teams. Confusion and controversy shrouded what hap- In the first place, managers need to assess diversity pened in the “death zone” above 8,000 meters in 1996, correctly. They then need to set out a clear, collective but Krakauer’s concern that the individual actions of mission. But they must also identify which of the dif- one team member could doom the others should have ferences between the team members—nationality, been overlaid by another worry. Collective dedication gender, race—have little bearing on the task at hand, to a goal can itself be dangerous if it covers up impor- and which, such as specific skills and experience, are tant individual differences, according to a new study, highly relevant. Cohesion and cooperation may look with fascinating implications for how lower-altitude like virtues, but they could be symptoms of groupthink. teams are built, motivated, and run. The greater the collective will of the team—and the Berkeley-Haas Prof. Jennifer Chatman and her co- higher the stakes—the less likely people are to dissent, authors studied records of more than 60 years of ex- because, in Chatman’s words, “speaking up about risks peditions to the Nepalese Himalayas. It is a rich bank is like saying you have no confidence in the group.” of information—about 40,000 climbers from some 80 In the workplace, these findings place even more countries. Unlike workplace teams, these groups had a burden on the team leader, for whom dissent and fric- clear goal: to reach their summit. They shared one ob- tion are unlikely signals of success. But as Chatman jective and unambiguous measure of failure: the death says: “Maybe we need to live with a little more discom- of a team member. fort and difference to get these valuable outcomes.” By parsing this sometimes grim data set and com- Emphasizing the ways in which team members are bining it with teamwork experiments, the researchers not the same could increase tension within the team. found that a collective mindset helped diverse teams It could mean the group takes longer to reach its goal. ignore differences, such as nationality, that were not But those would be small prices to pay to improve the relevant to their task. But when the collective spirit overall performance—and avoid disaster. overrode vital individual differences of, say, experience, From the Financial Times. 12 September 2016 . “Manage- the result could be fatal. For example, teams that got ment Lessons from the Pinnacle of Human Endeavor,” into trouble at altitude and assumed that all members had Andrew Hill. © The Financial Times Limited 2016.

ILLUSTRATION BY DULCE LOPEZ DULCE BY ILLUSTRATION the same expertise as their most knowledgeable climbers All Rights Reserved.

10 BerkeleyHaas Fall 2016 11 Avid sailors (and high-school sweethearts) Steve and Susan Chamberlin have long champi- oned education. At Berkeley- Haas, they’ve funded many im- portant initiatives benefitting students and faculty alike. BUSINESS LEADERS OF THE YEAR

Susan Chamberlin, MBA 87, and her husband, Steve, spent years BUILDERS OF planning new structures and cityscapes. Now they’re redesigning the world of public education. DREAMS BY JAMES DALY It’s an hour after the end of the normal school day at ated places for people to live and work, today they’re the Summit Tamalpais school in Richmond, Califor- focused on building innovative facilities and providing nia, a time when most schools are quiet of students. them to organizations running schools that expand But here, on a hill at the northern edge of the San minds and hearts. It’s an educational experience that’s Francisco Bay, it’s different. Even after a school day inspiring (and even fun) for hundreds of middle- and that began more than eight hours earlier, there is high-school students in the West Contra Costa Unified much energy around the building. Students play in School District. the gym, kick soccer balls outside, and take after- “We believe all kids should have the same chance to hours classes in rooms abuzz with activity. It’s clear attain their dreams,” Susan says. that some don’t want to leave. Spearheading their educational philanthropy is the As a photographer snaps photos of Susan and Chamberlin Family Foundation, which was created in Steve Chamberlin in an empty classroom, two gum- 2006 with a simple yet powerful mission: invest in the chewing 12-year-old girls watch from the doorway, people and ideas that will vastly improve K–12 public excited at the attention afforded these strangers. education, particularly where inequitable opportuni- “How do you like going to school here?” Steve ties impede student potential. Chamberlin asks, beckoning them inside. “I love it,” one, named Natalee, says. The other, also named Natalie, nods. “I feel so lucky Vision on a hill to be here,” she says, then explains how this school For their efforts bettering the lives of others, Susan and isn’t like any she’s ever attended. “We’re even allowed Steve Chamberlin have been named Berkeley-Haas’ to chew gum,” she says. “It helps me concentrate.” 2016 Business Leaders of the Year, the highest honor The girls are surprised to learn that the couple built the school bestows. The annual award is presented to their school and talk excitedly for several minutes leaders not only for their career accomplishments but about schoolwork and teachers. for going beyond themselves and positively impacting From the moment they start interacting with the and influencing alumni and students. students, Steve and Susan Chamberlin beam. “Those For many of the Chamberlin’s associates (and recip- are the kind of moments that make it all worthwhile,” ients of their generosity), it’s a fitting choice. “Susan Steve says after the girls leave. “I really am proud of and Steve are investing in a vision that starts with the these students. Every one.” community and its people, and that’s what makes their Married more than 50 years, Steve and Susan efforts so powerful,” says Kelly Garcia, executive di- are partners in an ambitious effort to improve lo- rector of the Summit Public School’s K2 campus in El cal schools. Though technically retired, they remain Cerrito, which opened in 2014. “This is not just about committed to doing what they’ve done throughout using their skills as builders and designers to create their careers: building. For more than four decades, non-traditional learning spaces. It’s about investing in as a highly successful real estate developer and ar- the kids who fill those classrooms and the community chitect respectively, their tools were steel, glass, and that supports the kids.” concrete. Now they employ different building ma- The Summit K2 public school was the first school terials but have similar goals. Where once they cre- campus for the Chamberlins, one that relied on Steve’s

12 BerkeleyHaas Fall 2016 13 velopment here, and they have also supported the a complex state office building project in Oakland. It school financially. Passionate about the power of was, she says proudly, “completed on time and on bud- teaching, they helped launch the Haas Center for get.” Today, she is a trustee of the Oakland Museum of Teaching Excellence, which helped professional and California and a trustee and vice chairman of the UC research faculty hone their teaching skills and intro- Berkeley Foundation duce new classroom technologies. A donation to the In addition to founding Chamberlin Associates, a Center for Social Sector Leadership (CSSL) piloted successful real estate development firm in Califor- the Social Impact Collective, an initiative geared to nia, Steve co-founded Rouse/Chamberlin Homes in philanthropists and impact investors who want to Philadelphia in 1978. “Much of my homebuilding ex- be more strategic with their giving. CSSL has also perience there was in completing projects where other benefitted from Susan’s leadership and support as a builders have failed,” he says. “In nearly 40 years, we’ve member of their advisory board for many years. completed every project we started. No stiffed ven- “The Chamberlins have contributed so much to the dors, no burnt lenders, and we never filed for any form whole package of how we think about real estate edu- of bankruptcy.” cation at Haas,” says Nancy Wallace, co-chair of the That legacy of getting the job done with the tools at Fisher Center for Real Estate and Urban Economics. hand guides them. Through the Chamberlin Family They were particularly interested in having students Foundation and their organization Education Matters make good career choices, Wallace adds. Indeed, the (ed-matters.org), they’re not only investing in people Chamberlins helped create the Accelerating Careers and ideas that will create transformational and sus- in Real Estate (ACRE) program. Offered through the tainable change in K–12 public education but focusing school’s Career Management Group, ACRE’s goal is to on the needs of students who are too often left behind. help student’s figure out their ideal career path in the Demography, they say, need not define destiny. highly segmented and diverse field of real estate. Both Steve and Susan are themselves graduates of “They’re both committed to the success of their pro- public schools and believe a good education—one that fession,” adds Wallace, “both now and in the future.” focuses on the individual and includes critical think- While a Berkeley-Haas Adjunct Professor, Steve ing—is essential to providing opportunities. helped start the NAOIP Real Estate Challenge, a com- When the Chamberlins walk the halls of their cam- petition between UC Berkeley and Stanford, which is puses, they are met with smiles and enthusiasm by the designed to give graduate students hands-on experi- students as well as the teachers and administrators. ence in creating complex real estate projects. Every Their goal is not to meddle (they consider themselves year, teams are assigned a sample site and given just social entrepreneurs, not educators) but to provide a 60 days to come up with a development proposal, Summit Tamalpais place of learning, encouragement, and enjoyment that school in Richmond, Natalee (middle left) and which is judged by a panel of jurors. For his work, bears both immediate and long-term dividends. long experience as a real estate developer. Once a K–8 high-school students. Summit Tamalpais, launched Calif., is bright, modern, Natalie (middle right) Steve received the Haas Contributions by Adjuncts “Every kid and every family, regardless of their eco- private school called Windrush, the Chamberlins this past August, has 120 seventh graders, but it will and spacious. Wide express their excitement and Lecturers (CAL) Award for teaching excellence. nomic means or where they live, deserve access to a bought the four-acre campus in El Cerrito after Win- serve grades seven through 12 in another five years. roll-up doors open to with their new school drush was unable to make payments on $13 million in Eventually, the two classroom buildings could hold up Building schools was not Susan and Steve’s first the outside in a number great school and education that prepares them not with Steve and Susan bonds. Despite a legacy of 35 years serving middle- to 1,400 students combined. choice for retirement. High-school sweethearts in of classrooms, allowing only for a career but as a way to support their family Chamberlin. class families, Windrush was another on the long list At their schools, like in their careers, the Chamber- Hawaii, they both loved the water and began compet- students access to fresh and community,” says Steve. “It’s not only essential to of private schools to fall victim to the economic crisis. lins are eager to break down walls. Both the Aspire ing in sailing races from San Francisco to Hawaii. air and green grass. them, it’s crucial to the future of the nation.” With tuition at $20,000 a year, many parents had and Summit buildings are bright, modern, and spa- They also undertook a two-year journey through the pulled their kids out. The Chamberlins toured the cious. Wide roll-up doors open to the outside in a South Pacific on their 46-foot custom sailboat, named school “and made the decision to buy it in a heart- number of classrooms, allowing students access to the Surprise after the Royal Navy frigate in several of beat,” Susan says. fresh air and green grass. Both buildings surround a Patrick O’Brian’s sea-based adventure novels. Now They then began to work with the Summit Schools small playing field covered with artificial turf and dot- they sail a more modest 28-foot craft called the Hana organization, a network of charter schools serving the ted with small saplings. It’s an aesthetic that has won Hou (Hawaiian for “encore”). Bay Area’s diverse communities. Summit operates ten over many converts in the area, where schools can be While charting nautical courses provided fun and schools that have more than 3,000 students, and its dark and decrepit. This year, the Aspire school re- adventure, the Chamberlins, now 74, grew restless. chief goal is to prepare kids for success in a four-year ceived 2,400 applications for the 160 available seats in “Those days were great, but we wanted to use our college. Many of the students attending have never its two schools at Hilltop. The Summit school, in its wealth to promote a social return,” Susan says. had a family member graduate from college. Summit first year, received two applications for every opening. Adds Steve, with a twinkle: “You could say that I K2 now has 300 seventh- through ninth-grade stu- Perhaps best of all, the school facilities built by the flunked retirement.” dents and aims to have up to 630 middle- and high- Chamberlins are all financially stable and don’t re- school students over the next four years. quire ongoing philanthropy. “We wanted to create A real estate solution to a social issue Susan and Steve’s most ambitious effort to date is “We believe something that was sustainable; something that Taking on formidable missions, like improving a in Richmond, Calif., where the couple has lived for all kids would outlive the year-to-year funding,” says Steve. more than 20 years and is the focus of their education The Chamberlins paid for all of the schools’ land and flawed public education system, doesn’t daunt Susan efforts. Across from a sprawling suburban shopping should have facilities. The daily operation of the schools is funded or Steve in the slightest. Throughout their careers, mall, they’ve built a pair of schools that represent a lo- the same the same as all public schools in California, by the they’ve both excelled where others have struggled. cal nirvana for middle and high schoolers. The Hilltop state; they are free public schools open to all children. Susan earned her bachelor’s degree from Cornell— campus complex—which consists of the Aspire Public chance to one of just two women from the Class of 1965 to com- School’s Richmond Technology Academy, the attain their plete its demanding architectural program. After 20 Flunking retirement years practicing architecture, she earned her Berkeley Aspire’s Cal Prep High School, and a new Summit dreams.” Tamalpais school—sits on an eight-acre site that was Education has long been a cause the Chamberlins MBA. She then managed people and projects for six once occupied by a bank and a grocery story. Aspire —Susan Chamberlin, have championed, especially at Berkeley-Haas. For years at the Oakland Redevelopment Agency. As her opened in August 2015 and serves 320 K–5 and 360 MBA 87 many years they taught a course on land use and de- last project, she managed the design team working on

14 BerkeleyHaas Fall 2016 15 2016 Leading Through Innovation Award Winner Heading for Haas the iPhone, allowing users to track their food intake on Lee grew up a few miles east of Schenectady in Niska- the go. That marked a turning point for MyFitnessPal yuna, New York, where his father worked as a research as the app’s popularity soared. Fueling its success was scientist for General Electric Global Research and his an unrivaled repository for nutrition and calorie data (it mother was employed by the government. now contains over five million foods) and a keen atten- Niskayuna wasn’t your typical small town. GE was tion to ease of use and the user experience. one of the region’s largest employers, attracting nu- The Lee brothers made sure no comment in the fo- merous scientists and researchers and their families. rums went unanswered and formed a “customer hap- Both Brian Chesky, the co-founder of Airbnb, and Co- piness team” that monitored and responded to users. lin Angle, the co-founder of iRobot, graduated from the They also held monthly focus groups. This feedback local high school. loop revealed how the technology changed lives. One “It was a unique place,” Lee says. “Being interested woman who lost weight with the app said she could in science or engineering was not necessarily a geeky get out of a chair for the first time in 20 years without thing, because that’s what your family did.” pushing up with her hands. Another recounted that He graduated from UC Berkeley in 1995 with a the app helped him discover which foods caused his bachelor’s in economics. After working a few years eczema to flare up. MyFitnessPal’s community was so in the private sector, Lee returned to campus to earn robust, the Lees never paid to advertise, instead rely- Albert Lee, MBA 04, and his his MBA. It also marked a turning point intellectually. ing on word of mouth. brother, Mike, co-founded Lee found himself energized by Haas’s culture, where In 2013, MyFitnessPal received an $18 million MyFitnessPal, which by 2014 questioning the status quo was considered the norm. funding round led by venture firm Kleiner Perkins. By had become the market’s “I was naturally one of those who was willing to ask the end of 2014, more than 75 million users were using most popular nutrition- and fitness-tracking app. Under questions about things when they didn’t necessarily the product, which was now the market’s most popular Armour subsequently acquired make sense,” Lee says. “But surrounding yourself with nutrition- and fitness-tracking app. MyFitnessPal for $475 million. lots of other people who believed in that, too—it had an “I’d be lying if I said that on day one, we thought we amplifying effect that was powerful. When I walked had a world-changing product,” Lee says. “But we knew out the door at Haas, that was a firmly implanted part we had something that helped our users to be success- of who I would be—in whatever company I would work for and whatever I was going to do.” “We knew we had something that helped From startup to success Lee’s post-Haas career took him first to eBay and then our users to be successful. We certainly Yahoo, before he joined a now-defunct startup in 2006 believed it was valuable and that if we called Next Internet. Then Mike called. His brother had been developing a diet-tracking app as a side project, kept working on it, more opportunities and he needed his sibling’s help. —ALBERT LEE “I’ve decided to work full time on MyFitnessPal,” would arise.” Mike told Albert. “So when are you going to quit?” The thought of leaving a comfortable job and jump- ful. We certainly believed it was valuable and that if we ing into the great unknown left Lee understandably kept working on it, more opportunities would arise.” lbert Lee’s world would nervous, but the chance to team up had always been a And this they did in spectacular fashion, when ath- never be the same fol- dream for the two siblings. In the end, it was an offer letic-gear maker Under Armour bought MyFitnessPal lowing the blockbuster that Lee couldn’t refuse. in February 2015. announcement that The brothers bootstrapped MyFitnessPal for more Under Armour was than two years, living off their savings and the emotion- Humble and hungry A Healthy paying $475 million al support of their family, who understood at holiday “One of the Haas Defining Principles is to have confi- to acquire MyFitness- gatherings when the brothers huddled in a corner talk- dence without attitude,” Lee says. “That helped me to Pal, the company he ing strategy. see that someone can be a great leader without being and his older brother, But every second was precious. It was 2009 and the arrogant. It’s one of the themes that we talk about at Mike, had spent 10 Lees needed to scale the business to keep pace with the work—being humble and hungry—which also happens Success years building into the breathtaking changes taking place in the technology to be the name of the cafe at Under Armour headquar- world’s most popular nutrition and fitness app. But market. Apple had launched the iPhone in 2007, followed ters in Baltimore.” Albert Lee, MBA 04, co-founder of MyFitnessPal, as congratulations poured in from friends and ac- a year later by the second version of the phone as well as People who know Lee, such as former classmate quaintances,A all he wanted was a quiet spot to savor the App Store. In October 2008, the first Android-pow- Marybeth Thomson, MBA 04, say it’s an attribute that makes it easy for millions to lead healthier lives. the moment. ered smartphone had hit the market and use of smart- informs his management approach. Thomson, who “Everyone was super happy for us, but I just had phone apps soared. MyFitnessPal started off as a website, joined MyFitnessPal four years ago, says Lee’s unas- By Charles Cooper this moment where I had to go and hide,” says Lee, who but the brothers saw an opportunity to transition it to suming mien is part of someone who “doesn’t seek or slipped into a phone booth located in the company’s of- mobile devices. One of Lee’s first roles was as the prod- need glory—just someone making smart decisions and fices. “I was thinking about how far we had come and uct manager for the iPhone app. Besides writing all of the getting it done.” how I never expected to end up where we ended up, specs and wireframes, he also worked with a designer Lee joked that when a representative from Haas and what an amazing and overwhelming feeling this to create the screens, then collaborated with his brother called to notify him that he was one of this year’s award was,” he says. and the company’s only engineer to build the app. winners, he wondered whether they had phoned the By any definition, it had been a breathtaking journey “Al played an essential role in making the app some- right person. for a kid who hails from a small town in upstate New York, thing millions of people still love and use every day,” “I was really humbled and hope that I can do the and Lee’s extraordinary success was honored in Novem- Mike Lee says. award justice,” Lee says. “So many of my Haas class- ber with the Berkeley-Haas Leading Through Innova- By the end of their first year working together, the mates have helped me along the way—probably more tion award. The accolade recognizes alumni who have brothers launched a mobile version of MyFitnessPal for than they know. I have a lot of people to thank.” served as exemplars to others in the Haas community.

16 BerkeleyHaas Fall 2016 17 In the Back In the Back Your Haas Network

CONFIDENCE WITHOUT ATTITUDE A Win for and nursing rooms studied film at UCLA installed in NetSuite’s and then, at 22, became Women U.S. offices. As well, by executive producer of JoAnne Taylor, the close of 2015, women Luckytown, a movie star- Trailblazing Advocate BCEMBA 06 composed 24 percent of ring Kirsten Dunst and Silicon Valley Exec champions women Global Senior Director, NetSuite’s leadership James Caan. Three years Human Resources, positions, up from 20 later he enrolled at Haas, and young entrepreneurs NetSuite, San Mateo, Calif. percent in 2014. afterwards taking a job Taylor credits her with Industry Entertain- Kira Makagon, MBA 96 education at Haas for ment, a management and EVP, Innovation, RingCentral giving her the tools to production company. Belmont, Calif. jumpstart her success in He worked his way high tech. up to executive vice Earlier this year, when Newsweek crowned seven white males “The “When I graduated president of television, Founding Fathers of Silicon Valley,” Kira Makagon sighed—then went from Haas, I was at the where he helped pioneer to work setting the record straight. In an impassioned rebuttal in The midpoint in my career a straight-to-primetime Huffington Post, Makagon wrote the “fallacies are glaring.” What, she in HR,” she says. “I went TV production model. asked, about the valley’s many “Founding Mothers”? She then identified back to school because With that model, he sold five worthy contenders. I believed in the whole an anthology series, “Yes, the tech world is mostly men and yes, the founders of most large concept of business HR. “Masters of Horror,” to companies are men,” Makagon said in a recent interview. “But I don’t As global senior director If I wasn’t speaking the Showtime; it won Emmy know if Facebook would be Facebook without [COO] Sheryl Sandberg.” of human resources at language at the table, Awards. A similar series, The reaction wasn’t unexpected from Silicon Valley insider NetSuite, JoAnne Taylor how could I be invited “Masters of Science Fic- Makagon. By day she serves as executive vice president of innovation was dismayed by the dis- to the table? Ever since tion,” on ABC, was also at RingCentral, a Belmont, Calif.-based provider of cloud-based parity of men and women getting my degree, I feel Emmy-nominated. communication and collaboration software with over $300 million in company leadership like my career has taken In 2008, Hollywood Re- in revenues and over 350,000 customers. Off the clock, she’s a fierce positions. In 2013, off.” —MR porter named Goldworm advocate for women and young entrepreneurs as a frequent public women constituted 34 to its “Next Gen” list of 35 speaker and blogger on LinkedIn, Huffington Post, and elsewhere. percent of NetSuite Off Script executives under the age Popular topics include flexible workplaces, unconscious bias in hiring, employees but less than of 35 to watch. Adam Goldworm, and advice for female CEOs on how to avoid the “glass cliff.” 10 percent of company Today, Goldworm MBA 03 Makagon herself is a model of a strong female rising through the leadership—sadly represents some 30 Founder, Aperture tech-sector ranks. In her late 20s, then a single mother working full- common in the high-tech writers and directors and Entertainment time while attending Haas at night, Makagon fully understood the world. oversees about a dozen West Hollywood, Calif. obstacles women face. “I was nervous about leaving work to take my In response, Taylor active movie projects. son to the doctor,” says Makagon, who was vice president of product helped found Women in He is currently in development for Scopus Technology. She credits two senior executives NetSuite (WIN), a postproduction on the with coaching her through the challenges—and inspiring her to do grassroots group of both film adaptation of the the same as she pursued her dreams of starting her own company. men and women award-winning graphic Makagon has co-founded three companies, including Octane Software, dedicated to achieving novel My Friend Dahmer. a CRM provider that sold for $3.2 billion in 2000, and Red Aril, a real- gender equity in high- In 2014, he ventured into time brand management platform acquired by a Hearst-owned digital tech leadership. Taylor’s theater production with marketing agency in 2011. WIN encourages women Taste, an award-winning Today, Makagon sees technology as leveling the playing field for to pursue leadership dramatization of a true women—and men. “I often hear men say, ‘I have to go to my child’s positions by focusing on story about a German soccer game. I’ll be online at 8:00 p.m.,’” says Makagon. “They couldn’t recruitment, mentorship, man who agrees to be do that before.” education, and network- Much about Adam Gold- killed then eaten. At RingCentral, which she joined in 2012, Makagon oversees ing. WIN holds monthly worm screams Hollywood At the show’s L.A. worldwide products, R&D and operations, and a global staff of trainings on topics such hotshot. He produced premiere, Goldworm some 800 people. Last year she was instrumental in the company’s as negotiation, address- his first movie at age 22. stationed a German sau- expansion from voice and video-based communications into broader ing unconscious bias, and He’s developed TV shows, sage food truck outside collaboration services through the acquisition of Glip, a strategy that financial planning for independent films, and the theater, a nod to the helped land numerous new customers. RingCentral has also landed women. big-budget flicks featuring show’s cannibalism. “For for two years running on a high-profile Gartner list of top innovative Within a year, the the likes of Robert DeNiro me, the joy is that I get to companies in its space. group has over a dozen and Bruce Willis. He’s the do something different The key to her success, says Makagon, who’s been named one of the chapters worldwide and manager for a bevy of A- every day and impact “Most Influential Women in Business” in 2015 and 2016 by the San has achieved tangible list writers and directors. the business in non- Francisco Business Times, is her ability to think like an entrepreneur Entrepreneur and tech exec results, including a new The one Tinseltown trait traditional ways,” says while valuing the processes and standards a large organization like Kira Makagon, MBA 96, is a fierce company program that Goldworm’s missing? Goldworm. “I find ways RingCentral needs. “You have to split your brain into two,” she says. advocate for women and young offering 16 weeks’ Attitude—of the megalo- to keep it exciting and How does her gender help her do that? “There’s an emotional entrepreneurs as a frequent maternity leave for a new maniacal kind. interesting.” —KC intelligence and an ability to adapt that women have,” says Makagon. public speaker and blogger. birth, leave for new The New Jersey native “We don’t always need to be heroes.” —Krysten Crawford fathers and adoptions, PHOTOGRAPH BY NOAH BERGER 18 BerkeleyHaas Fall 2016 19 In the Back In the Back Your Haas Network

Mission Critical recruited to Plum in 2012 entrepreneurship com- QUESTION THE STATUS QUO as its first mission team petitions, both of which Victoria Fiore, MBA 12 hire. A year later, she helped me get a better Director, Brand Strategy & launched the company’s sense of business,” he Steven Lam’s GoGoVan delivery service The Power of Mission, Plum Organics Full Effect Program, says. “I went from being now employs 350 people and serves Emeryville, Calif. which has donated nearly a pure techie to being Hong Kong and five Asian countries. Perseverance 12 million meals to someone who can see Alum’s on-demand delivery service low-income families. the bigger picture—the She also oversees forest and the trees.” takes off partnerships with several The combination has nonprofits and ad hoc, served him well through- Steven Lam, BS 10 employee-created out his career. In Sep- Co-founder and CEO, GoGoVan initiatives, including a tember, Venkataraman Hong Kong, PRC 2014 decision to do a became CTO at mar- special run of 5,000 keting consulting firm Steven Lam doesn’t discourage easily. In fact, he enjoys a good pouches of a discontin- EverString. Previously, he challenge. Because of his perseverance, his Hong Kong-based, ued cereal because it served as chief scientist on-demand delivery and transportation company, GoGoVan, is was one of the few foods at Marketo and as a dis- Victoria Fiore was a young a successful venture, with 350 employees and service in China, a young cancer patient tinguished engineer at college student when she Taiwan, Singapore, South Korea, and India, as well as Hong Kong. could eat. IBM, where he managed audited a lecture on “It’s easy to start a business, but sustaining it is another story,” “Nobody says, ‘Wait, that company’s Big Data nonprofit management. Lam says. “Haas helped me develop that ability to just keep going, we don’t have the money and analytics platform. She didn’t know anything even when things don’t seem to be working out right away.” to do this,’” says Fiore. And he’s worked in vari- about business, but she Lam grew up in government housing in Hong Kong. His “Everybody, including the ous leadership capaci- knew enough to think, parents assumed he would follow in his father’s footsteps and leadership, knows we’re ties at a variety of other “Why are businesses become a construction worker, but after a visit to his uncle in in the business to help. firms, including Remedy, perceived as either evil 2005, Lam wasn’t so sure. And that’s what we’re Outride, Yodlee, and corporations trying to “My uncle sent us all tickets to visit him in Los Angeles,” going to do.” —KC Epiphany. screw the consumer or Lam says. “My parents were talking about how they didn’t have At EverString, Ven- do-gooders making the the money to send me to the U.S., but my uncle said, ‘I came to kataraman is helping ap- best products but always Valuable the States with $20 in my pocket—why does he need a bunch of ply machine learning to losing money? There has money to come here?’ I realized he was right and decided to take Vantage Point marketing to help better to be a middle ground.” a chance.” Shankar Venkataraman, understand customers. There is—and Fiore In October of that year, Lam came to California on his own and MBA 00 “We’re trying to get to the found it as the director of enrolled in Diablo Valley College in Pleasant Hill—because of its Chief Technology Officer, point where we market- brand strategy and mis- reputation for a high transfer rate to Berkeley, he says. His uncle EverString ers and salespeople can sion at Plum Organics, helped him find work at a Chinese restaurant owned by a family San Mateo, Calif. create ‘play lists’ of leads the Emeryville, Calif.- friend, but Lam also put together a variety of small business and opportunities simi- based maker of organic ventures, including repairing bikes and computers and reselling lar to the way you get the foods for babies, tots, and first-generation iPhones on eBay. The money he earned covered music you’re seeking on kids and a subsidiary of his two years of community college, and, once he transferred to Pandora,” he says. the Campbell Soup Com- UC Berkeley, it covered his tuition there as well. Fully knowing one’s pany. In her dual roles, The idea for GoGoVan came from a business Lam launched target market means tog- Fiore oversees brand when he returned to Hong Kong after graduation. Working gling between macro and strategy while ensuring for the restaurant in the U.S., he’d delivered countless orders, micro, between industry that Plum is a “force for all packaged in cardboard takeout boxes printed with the trends and individual good in the business restaurant’s information. But in Hong Kong, restaurants used customer needs, a chal- world.” It’s a commitment Styrofoam containers that wouldn’t take printing. So Lam bought lenge when something that led Plum to structure a bunch of the boxes and offered delivery services to restaurants, needs to change, Ven- itself as a benefit corpo- using stickers to customize the containers for them. As an engineer with kataraman says. But the ration and to earn certi- Since he didn’t have the money to buy his own delivery truck, considerable tech skills skills he gained at Haas fication as a B Corp. Both he had to use a call center to arrange deliveries—an inefficient and an MBA, Shankar give him the confidence designations formally system vulnerable to delays. So Lam and two friends founded Venkataraman takes a to solve any problem. signal that social and GoGoVan in 2013. A mobile app matches customers with a van comprehensive view of “If you get too comfort- environmental sustain- and driver for deliveries or transportation. Drivers can set their business. And he credits able, you’ve got to find a ability are as important own fees and schedules. his time at Haas as a way to make things un- as profits to Plum’s long- Lam’s takeaway? What he learned at Haas consolidated his crucial part of develop- comfortable—because term strategy. conviction that entrepreneurship demands perseverance—and ing this capacity. innovation comes from Fiore is a former daring, he says. “At Haas I got expo- the need to seek order Deloitte consultant who “Our defining principle Question the Status Quo really means sure to classmates who from disorder,” he says. also worked in microfi- dare to venture,” he says. “Berkeley gave me the tools to start a were on the product “The ability to be flexible nance in India before company that disrupts business as usual—and solves a real-world management side and a keeps us creative.” —KMY attending Haas. She was chance to participate in problem.” —Kate Madden Yee PHOTO COURTESY GOGOVAN 20 BerkeleyHaas Fall 2016 21 In the Back In the Back Investing in Our Future

Beyond Yourself UPCOMING EVENTS haas.berkeley.edu/ Ramping Up alumni/calendar Funding Opportunity Alumnus increases giving as part of the Haas Foundation for Excellence campaign 3rd Annual World Haas couple makes planned gift to help Open Innovation students graduate with less debt Conference Several years after earning a bachelor’s December 15–16, 2016 degree in computer science and Barcelona, Spain From undergraduate scholarships and graduate fellowships to faculty working in venture capital with startups, chairs and research, planned giving supports a range of Haas activities Angelos Kottas, MBA 08, was ready 18th Annual that benefits new generations of business leaders. for a career change. He wanted to stay Berkeley-Haas Jim Huhn, BS 52, and Betty Riley Huhn, BS 50, of Carmichael, in tech but move to a product role in California, are honoring their time at Berkeley-Haas by committing a a large company that allowed him to Celebration in $2 million planned gift to endow undergraduate scholarships. Funds manage people. Silicon Valley will also support a faculty chair in personal finance. After graduating So he entered the Evening & Weekend February 1, 2017 from Berkeley, Jim served in the Navy, then built a career as a certified Berkeley MBA Program. Atherton/ public accountant, eventually founding an accountancy partnership. “Haas got me through a career Menlo Circus Club Betty was a claims adjuster for Liberty Mutual Insurance and New transition,” says Kottas, “Before Haas, I York Life. Prior to that she worked in Japan for two years for Army was always an individual contributor. 15th Annual special services, the entertainment branch of the U.S. military. After Haas, I began to nurture talent, Berkeley-Haas work with mentors, and manage people. Celebration in BerkeleyHaas spoke with the couple about their generous donation. The concepts I learned weren’t abstract— San Francisco Why are you making a planned gift to Haas? I could see them impact my career.” March 8, 2017 Kottas began with product marketing San Francisco/Gap Inc. Jim: We believe in education, and we are extremely proud to be and product management roles at graduates of Haas and the University of California. That helped us in our Symantec and VMware and now works careers. I think how fortunate I was to be able to go to the university, and 21st Annual as senior director of product marketing Women in I believe in helping others. As graduates of the University of California, at cloud-computing and CRM company we had a certain element of prestige. That opened doors. Salesforce. Leadership Betty: It’s giving back. Everybody should have an opportunity to go In appreciation of his career- Conference to college, and some of the financial aid requirements are so high for changing experience at Haas, Kottas March 11, 2017 lower-middle-class students. It’s become impossible for them to work has consistently given back to the Angelos Kottas, MBA 08 Berkeley and go to school. school every year since he graduated Haas Healthcare What do you hope your gift will accomplish? and, most recently, committed to give back to Haas aligns with Salesforce’s donate $15,000 over three years to philosophy that the business of business Conference Jim: I primarily supported myself through scholarships, working, and Haas’ new Foundation for Excellence is to make the world better, making it March 17, 2017 saving money, so I graduated from college without debt. I recognize (FFE) campaign, which seeks to boost easier for him to grow his philanthropy. San Francisco that this is typically not possible today, and I want to help students leadership-level unrestricted giving to Salesforce commits 1 percent of have the same opportunity to get a Haas education without incurring the Haas Fund. But that’s only part of the company’s technology, people, and 22nd Annual a large debt. We hope that they in turn can provide the same the reason for Kottas’ philanthropy. resources to improve communities POWER opportunities to others. “As I’ve succeeded in my own life, I’ve around the world and encourages Conference on Betty: The fact that I was a woman who graduated in 1950 and that been able to ramp up my support,” says employees to also adopt the same model Energy Research I had a business degree from Haas was instrumental in helping me Kottas. “I give back because Haas has for their own charitable works. To this & Policy acquire jobs, and it also was critical to my success. I want the same for played such an important role in my own end, Salesforce offers seven days of March 24, 2017 career and personal life, but also, as state others. annual paid time off for employees to Berkeley and federal funds for education become take on volunteer work. You’ve expressed admiration for Haas’ Defining Principles: Question scarcer, it becomes more important to To encourage employee giving, the Status Quo, Confidence Without Attitude, Students Always, and Reunion Weekend support institutions like Haas.” Salesforce, which normally matches Beyond Yourself. How have those principles resonated with you? April 28–30, 2017 At a breakfast with Dean Rich Lyons employee donations up to $2,500 in a Berkeley Betty: They’re extremely critical, especially after this election year. Are this spring, Kottas was even more year, will instead match donations up to we as good as we possibly can be? It’s important to go forth with your inspired to donate as he learned $5,000 if the employee also fulfills seven Alumni ideas with confidence and with an attitude that you’re going to succeed. about new initiatives at Haas: the days of volunteer service (1 percent of Conference And I truly believe that we should always be learning, whether it helps Management, Entrepreneurship, & their time). To get the full match for Haas, April 29, 2017 us in business, socially, or just for ourselves. Technology Program, a collaboration Kottas plans to fulfill his seven-day Berkeley What advice would you give the next generation of business with the College of Engineering that service commitment by volunteering at leaders? will allow top undergrads to graduate the school. with degrees in both business and “Salesforce really is supportive of Jim: Act with integrity and pride. engineering, and the enrollment volunteer activity,” says Kottas. “It’s Remain a Student Always expansion planned once the new North Betty: I would tell them to go forth with their ideas and to pursue their Jim Huhn, BS 52, and an enormous gift to be able to give with videos of Berkeley- Academic Building opens in the spring. dreams with confidence. Betty Riley Huhn, BS 50 56 hours of volunteer time every year.” Haas speakers at insights. Kottas’ desire to go beyond himself and —Interview with Andrew Faught —Mike Rosen haasalumni.org. PHOTOGRAPH BY JIM BLOCK 22 BerkeleyHaas Fall 2016 23 In the Back In the Back

Get involved with an alumni chapter in your area: Haas Worldwide Events haas.berkeley.edu/alumni/community/chapters.html

Africa Business Forum Haas Homecoming Students Always 1 Tambu Kisoki and Yvette Ankunda, BS 17 2 Co-chairs Remona Moodley and Sadiya Nur, MBA 16s 3 Olivia Anglade, MBA 16, and Serge Ouedraogo, MBA 15 Full-Time MBA Orientation 4 Adrian Williams, Mary Harty, and Mariana Martinez Alarcón, 1 2 3 4 all MBA 18s 5 Zachary Garrett, Nonyerem Onyeador, and Yvener Petit, all MBA 18s 6 Faraz Bala, MBA 18, and Nikita Mitchell, MBA 15 7 Kristin Groos Richmond, MBA 06 Haas Volunteer Conference 8 Chapter of the Year (Silicon Val- ley) winners Victor Adint, MBA 98, 5 6 7 8 and Abha Bhagat, MBA 10, with Dean Rich Lyons, BS 82 9 East Bay Chapter Co-Pres. Steve Wood, BS 66, MBA 67 10 Former Los Angeles Chapter President Natalie Alchadeff 11 Boston Chapter President Dan Parker, MBA 11 Homecoming 12 Kelly Bo, BS 17, Chris LaFerla, BS 17, and Divya Saha, BA 18 (Econ.) 9 10 11 12 13 Emily, MBA 08, and Andrew Walling 14 Dan Asera, BS 69 15 Faris Natour and Robert Strand of the Center for Responsible Business Dean’s Speaker Series 16 Deborah Hopkins, chief inno- vation officer, Citigroup & CEO, Citi Ventures 17 Bob Shanks, EVP and CFO, Ford Motor Company 13 14 15 16 18 Christie Smith, managing principal, Deloitte University Leadership Center for Inclusion Haas Sacramento Alumni Chapter Event 19 Craig Mitchell, BS 92; Steve Rick- etts, MBA 69; and John Krizman 20 Shaoching Bishop, BS 97, and Will Boeger, MBA 83 21 Brian Miller, MBA 07; Pankaj Managing Innovation Pathak, MBA 19; and Brent The father of Open Innovation shares his knowledge 17 18 19 20 Haapanen, MBA 13 Hong Kong Mixer 22 Richard Ann, MBA 03; James Companies that don’t innovate won’t last, but managing innova- one’s new ideas and in licensing others’ inventions—can help Man, MBA 03; Han Feung, MBA 03; tion can be one of the most difficult tasks facing business leaders. companies thrive. David Richardson; and Alan Y.C. So what’s a good model of industrial innovation? At Homecoming, One example is Procter & Gamble. Rather than competing with Cheng, BS 13 Henry Chesbrough, PhD 97, adjunct professor and faculty the Clorox Company in the plastic wrap category, P&G sold its East Bay Chapter Social director of the Garwood Center for Corporate Innovation, seal-on-contact invention to Clorox for a minority share of profits. Media Event explored just such a question. The result, Press ’n Seal, is now a $1 billion business. Swiffer, also a 23 Barbara Jordan and Orion Parrott, EMBA 14 During the talk, Chesbrough, known as the father of Open billion-dollar business for P&G, came from a licensing agreement with 24 24 Ron Tallia, MBA 93; Jon Moreno, Innovation, showed how being more open—both in sharing Unicharm, a Japanese company that created the cleaning system. 21 22 23 MBA 14; and Kathleen Kish

24 BerkeleyHaas Fall 2016 25 In the Back In the Back

View a map of Berkeley-Haas in Wine Country: Haas Alumni Notes haas.berkeley.edu/groups/alumni/community/winemap.html

ALUMNI NEWS Accolades UNDERGRADUATE BEARS! The Wood family Prague and Croatia. Our has provided four track- oldest daughter Ashley 1950 and-field scholarships graduated from UCLA and ranking notes the most each year over the past is excelling at LinkedIn influential young people Paul McKnight and Mimi nine years. I completed in San Francisco. Empty in business. Underwood Knox led the class council my degree in business nesters with all our kids was noted for her software to the Department of administration in 1963, in the Bay Area, we are development skills. She Anthropology to see the so my only Haas experi- enjoying frequent visits helped triple the number famous Phoebe Hearst’s ence has been numerous to Cal. We would like to treasures, which will be of Slack’s active users visits to the fabulous come back in our next displayed in public in campus.” lifetime as our kids!” to 3 million in her first 2017 for the first time year and has a vision that in decades. “Many may 1977 1986 involves an $80 million remember some were fund to invest in software stored in the basement Susan (Napper) Camp- Michael Tamaru, Palo startups that complement of Hearst women’s gym bell, Sonora, Calif., Alto, Calif., writes, “Having Slack’s offerings. As well, and pool,” Paul writes. reports, “After working 23 Emily Wu, BS 81, and family held executive roles in Lisa M. Jones, BS 85 years, in 2000 I became consumer tech the past she co-founded #Angels, “We encourage alums to Nathan Tung, Linnet Kwok, BS 88, and Nicholas Tung Mark Sievers, MBA 83 a full-time stay-at-home the Sunset Marquis Hotel with Cal, I hosted an Guaranteeing an all-female team of in- check out the new gallery 20 years, I set up my own in Kroeber Hall, to open mom. My son, Michael, and Villas, File Keepers, event on October 19 for consulting firm helping Linnet Kwok, Shanghai, 2017. Weston has been Better Lives vestors, in her spare time. competitions since 2009. graduated in June 2016 Malibu Hills Vineyards, the physics and paleon- startups in the wearable In 2013, it was named as early next year. reports, “Just celebrated serving as president and Lisa M. Jones, BS 85, “Our class is looking from UCSB. My daughter, Hollywood Rentals, and tology departments at tech, IoT, and consumer five-year anniversary one of the best olive oil Chief Merchant of the program manager at the for a reunion venue for Kathryn, is a junior in high Raleigh Film and Televi- our studio in Hollywood.” hardware space scale up as the China GM with company, responsible for Department of the Trea- producers in the world at two years from now. Start school. sion Studios. Since its in terms of go-to-market, Alexander Mann driving Petco’s overall sury, received a Samuel the New York International planning for a spectacu- “My husband, Craig inception in 1955, the 1983 supply chain, back-office Solutions, a global talent business strategy, opera- J. Heyman Service to Olive Oil Competition. lar get-together. You will (who retired in 2001), and company has purchased, Mitch Rosenberg, processes, and fund- acquisition and manage- tions, and merchandising America Medal in the Citi- be getting details down I spent five weeks this developed, managed, Thousand Oaks, Calif., raising. Currently, I split ment firm. As part of our activities, as well as zen Services category. The the road.” summer with our children and owned more than 10 reports, “I recently fin- my time between San strategic investment, marketing and e-com- in England and had a million square feet of real ished my 30th year as an Francisco and Palo Alto, we recently moved our merce. Prior to joining award celebrates Jones’ fabulous time in London, estate, including high- with six startups.” efforts to help low-income 1952 insurance and financial China operations to a Petco, he held senior Bath, the North Lake Dis- rise and low-rise office advisor in Thousand state-of-the-art sourcing leadership roles at Dick’s communities gain access George Tucker. See MBA trict, Brighton, and Oxford. buildings, luxury hotels, 1988 1956. Oaks. I just finished my center to accommodate Sporting Goods, May to investment capital It was exciting to get first- commercial shopping term as president of the future growth. Merchandising Company, through a long-term bond hand news of the political centers, movie and televi- 1963 Conejo Valley Estate “Almost 14 years in and Robinsons-May. guarantee program—at upheaval as we were there sion studio complexes, Planning Council and Shanghai. Just sent the no cost to taxpayers. during the Brexit vote industrial developments, was recognized as one of youngest to college: 1993 and subsequent resigna- and residential apart- Since 2013, the program Catherine Atzen, BCEMBA 07 three ‘Trusted Advisors’ Empty nest begins (both Jose Henriquez, Pinole, has made available $852 tion of several key party ments. We have also over- in my field by the San boys attend the Univer- members.” seen the development of Calif., notes, “I am a million in loans to finance Cover Story Fernando Valley Busi- sity of Colorado, 17-year banker working small businesses, afford- more film studios around ness Journal. Boulder). Elected as vice Catherine Atzen, 1981 the globe than any other in commercial banking, able rental housing, day- “I am very proud of my president of the Rotary currently as a loan BCEMBA 07, the founder Trevor Traina, MBA 96 Emily Wu, Los Altos, company. Our last studio Golden Bear twins, Andy Club of Shanghai. care centers, senior living consulting engagement team manager. I love facilities, charter schools, of ATZEN Superior to Calif., writes, “It is hard and Paige, Class of 2018. Looking to return to the banking due to the Leading the was for the largest prop- Paige is in the College Bay Area next year. If and healthcare facilities. Organic Skin Care, was to believe that I have exposure to so many recently featured on the Experience come full circle with erty company in China, of Natural Resources anyone needs to hire an the Wanda Group. businesses, industries, cover of Dermascope Economy the last of my two kids and Andy just started operations professional, and business owners/ successfully launched “Travels this summer at Haas and is following let me know.” Magazine, a leading Trevor Traina, MBA 96, took us to the Galapagos, visions. I earned my MBA aesthetics and skin care founder and CEO of If- in tech and construction in my footsteps! They Chris Carvalho, BS 88, with his many years ago, but it management—sadly Machu Picchu, Nantuck- both spent the summer oldest, Matthew, who recently Brad Weston will become periodical. Atzen was rec- Only, received a 2016 San et, and Lake Muskoka remains a great accom- not Cal alumni. I am the at the London School of joined the ranks of Boy Scout Petco’s CEO on Feb. 1, plishment for me.” ognized as a legend for her Francisco Business Times Michael B. Wood, BS 63 development manager (120 miles north of Toron- Economics and joined Eagle Scouts. decades of contributions Tech & Innovation Award, for the National Alliance to). Recently re-engaged us on an amazing trip to to the field. She’s had a which honors entrepre- Michael Wood, Honolulu, on Mental Illness, Santa Our Defining Chris Car- Principles successful career as a skin neurs who are providing writes “75 and still active Clara. We provide free valho, San and successful in my Question the care entrepreneur and is high-tech solutions to real- classes, presentations, Rafael, Calif., Status Quo credited with coining the commercial real estate support groups, and announces, world problems. IfOnly, development career term “day spa.” a marketplace to buy and information to individuals “After stepping with projects including and families coping with down as COO of Kabam sell unique experiences, shopping centers, office often with local experts, mental illness. a couple of years ago, California’s Best buildings, assisted living, I have been working April Underwood, MBA 07 was honored for blazing Il Fiorello olive oil com- and self-storage. 1982 at SkyDeck and with pany, owned by Mark a path in the “experience “Wife Joanne and I Our Defining several startups in the Alumna with economy.” Each experi- have completed our 53rd Mark Rosen- Principles Sievers, MBA 83, was thal, Pacific Question the gaming industry. Most Influence ence or product IfOnly year in Honolulu and Status Quo recently, I was appointed awarded the Best of Cali- have been able to travel Palisades, Ca- April Underwood, MBA fornia award for its olive sells benefits a charitable lif., updates as to the board of directors 07, VP of product at work- cause. Since its incep- extensively the past 15 of ROBLOX, a gaming oil at the California State years. We celebrated our follows: “I am CEO place collaboration plat- Fair. The award is one of tion, IfOnly has expanded of Raleigh Enterprises, platform with 20 million 55th anniversary with monthly users, and G5 form Slack, was named more than 60 local and in- beyond the Bay Area to family in Sydney, Austra- employing a staff of to Fortune’s 40 Under 40 Los Angeles, New York, approximately 500. Its di- Entertainment, a mobile ternational accolades the lia, watching Cal beat the Papa Bear Mitch Rosenberg, BS 83, Mama Bear Melanie, Cubs gaming company.” list for 2016. The annual company has received in Boston, and Mexico. University of Hawaii. GO verse businesses include Paige, Andy, and Ashley Jose Henriquez, BS 93, with his family

26 BerkeleyHaas Fall 2016 27 In the Back In the Back

Haas Alumni Notes Save the date: Reunion Weekend, April 28–30, 2017

Undergraduate further build on my billion property portfolio 2014 with SCORE (Senior Corps how to develop a sound cont. marketing career working located in Hong Kong Stephanie Tran still of Retired Executives), exit strategy for the even- for MUFG Union Bank and Shanghai. At the works on the MoPub where I counsel indi- tual sale of their company. based in San Francisco. celebration party, ran team at Twitter HQ in viduals going into small The seven essential steps My husband, Travis into Michael Jordan and San Francisco and began business. I am vice chair describe concisely how Darrow, BA 98 (Political played billiards with him volunteering with the of my neighborhood to improve your value, Science), joined a Palo in Lan Kwai Fong. Made Bay Area chapter of Girls improvement association reduce your risks, prepare Alto pre-IPO company two trips to visit NGOs: on the Run. and have been married for an unsolicited offer, funded by Goldman Cambodia and Guang- to the same sweetheart and assess the nature of Sachs, Sageview, and zhou, China. Raised over 2015 since 1958. We have strategic value. A sound Kleiner Perkins focused US$15,000, performed three children and nine strategy improves the on governance, risk, and on-the-ground due Jae Kim reports the grandchildren. My princi- probability of making compliance software, diligence on selected following: “I recently pal pastimes are playing a successful exit while based. NGOs, and then allocated began working as a bridge and gardening.” obtaining the maximum “We had the fortu- donations to them. Learn- basketball data analyst price. The book addresses for the L.A. Lakers. I took nate opportunity to play ing philanthropy as a Michael Midling, BS 12 1971 Joe Carlson, MBA 77, wearing important issues such two UGBA 196 courses, Jeff Fearn, MBA 83; Emmy Fearn, MBA 80; Dria Fearn; and leadership roles with process; as a philosophy.” the El Paso County Homeless as the optimal time to both sports management Jonathan Fearn Berkeley chapter clubs in for Instagram’s data Veterans Coalition shirt sell and the top 10 seller Asia. Living and working 2011 science team—my first courses, at Haas. One for mistakes. It presents a college sports and one (new special education managing the volunteers abroad was fantastic, Daniel Chun, Los Angeles, move out of the Bay Area Joseph Carlson, succinct summary of for professional sports. Our Defining teachers) at CSU East who feed our 1,000 WES Joel S. Smith, BS 93 and we could not imagine since graduation! Going Monument, the process for selling updates as follows: “After One was taught by Solly Principles Bay, all while supervis- volunteers who work in a better place than the to Haas, and Berkeley Colo., vol- a company and advice five amazing years at Fulp, one of the best Confidence ing special education our warehouse through- Joel S. Smith, Concord, Bay Area near our family, in general, really taught unteers with without about transaction struc- DreamWorks Anima- teachers I have ever met. Attitude intern teachers in their out the year and during Calif., writes, “Opened up friends, and the Haas me the importance of the El Paso tures, confidentiality, due tion, I recently joined the He became my best men- classrooms. She writes, the public sale period. My my own CPA firm in 2012. network to follow our continuous learning. County Home- diligence, hiring the right communications team tor. I didn’t have any “I’m also a member of husband, Jeff, MBA 83, Finished my master’s in experience! I look forward Taking online courses, less Veterans Coalition advisors, and eight M&A at NBC Entertainment connections in the sports the Oakland Museum and a CPA, now retired, taxation in 2014. Had a to reconnecting and see- evening classes, and so (EPCHVC) where he is myths. as manager of corporate industry, but Solly and Women’s Board and of its daughter Dria, and son daughter in 2009.” ing you all more now that on helped me shape my now chairman of its communications. I am many guest speakers of Marketing Committee, Jonathan (a software we are back and living in thrilled to be working at career. Looking forward to board. He writes, “The EP- 1980 the two classes opened Our Defining working with the media developer), are also White 1999 Burlingame.” reconnecting with Haas CHVC conducts a ‘Stand America’s first broadcast the door for me. Thanks Emmy Fearn, Principles to promote the White Elephant Sale volunteers. Mike French, Alexandria, friends in New York!” Down’ and a Transitional network and home to to them, I learned how Oakland, Calif., Students Elephant Sale, which Dria, an attorney working Va., is NASA’s chief of 2001 Housing Initiative (THI) Always some of today’s most the sports market works Robert V. Caruso,MBA71 teaches under- earned more than $2.1 for a federal judge, is also staff in Washington, D.C. 2013 in the Colorado Springs Walter Chun was named popular series, including and could meet great grads at SFSU million in 2016. Also chair a member of the museum Mike lives in Virginia with area that will assist an new head coach of the The Blacklist, The Voice, sports figures including Robert Caruso, Our Defining and grad students the WES Volunteer Cafe, board.” his wife and two kids. Principles estimated 275 homeless Cal men’s golf team. Chun The Tonight Show Star- Cuonzo Martin, head San Leandro, Question the veterans with goods and has been with the team ring Jimmy Fallon, and coach of Cal men’s Calif., is presi- Status Quo services at the October for 19 seasons, including Saturday Night Live. As a basketball. As a result, I dent of the 18 Stand Down and tem- the past seven as associ- theater fan, I’m particu- worked as analytics John Benjamin porarily provides shelter, ate head coach. larly excited for this De- manager at Cal men’s Company, dedicated to the meals, and services to 10 Congrats, cember’s live broadcast basketball for the development of Bay Area homeless family units for 2005 of Hairspray Live!” 2015-16 season. What I residential and commer- 30 days.” Amy Chou, Oakland, Calif. learned at the two sports cial projects, specializing Silicon See MBA 2016. 2012 in development of in-fill management courses 1979 Michael Midling, San offered at Haas and my housing maximizing ROI Valley! 2009 Francisco, reports, “For experiences at Cal on small spaces. He is Our Defining currently working on Principles the past two years, I’ve Basketball were the key Berkeley-Haas Richard Zen, entitlements for a six-unit Hong Kong, Confidence been working in the for me to become the Alumni Network’s without analytics org at Face- residential property in San reports, Attitude first South Korean native Chapter of the Year book. Next month, I’ll be Adnan Rajkotwala, BS 13 to work for a NBA team’s Leandro and a 24-unit “Closed the apartment project in San sale on a US$2 moving to N.Y.C. to work front office.” Adnan Our Defining Lorenzo, Calif. The Silicon Valley Rajkotwala Principles Chapter is committed to announces, “I Confidence without 1972 45th Reunion bringing the classroom to Kaylin Darrow (6), Tricia Tran, just completed Attitude MBA the community, connecting BS 99, and Thai Elephant my master’s April 28–30, 2017 students with alumni, and of management 1956 leading locally by example. Tricia Tran, Burlingame, (finance) from the Univer- With over 6,500 alumni in the Calif., writes, “Hello Haas sity of Melbourne. Now George Tucker is retired 1976 Valley, the chapter consistently Friends! After many I’m working at Deloitte in San Leandro, Calif., Joe Garrett, Berkeley, offers varied events serving amazing years in Asia Consulting in Melbourne and writes “just to let Calif., was just appointed a diverse set of interests and Tom Metz, MBA 79 working in regional with its strategy and everyone know I am alive to a three-year term on needs. In 2016, they launched marketing roles for Credit operations practice. I was and kicking. I volunteer the National Advisory Tom Metz, Seattle, has an inaugural career fair for Suisse, JPMorgan, and very excited to attend the at the California Senior Council of Cal’s Institute written a new book titled veterans and established Barclays in Hong Kong Cal-Hawaii football game Legislature, a legisla- of Governmental Studies. Perfect Your Exit Strat- the William Ledeen Beyond and Singapore, I am held in Sydney on August tive advocacy group for egy: 7 Steps to Maximum Self Award, which honors the excited to return home 26th! A whole group of senior citizens, serving Value. The book advises late Bill Ledeen, MBA 86, with my husband and 1977 40th Reunion Cal alumni made it a lot as a senior assembly entrepreneurs, CEOs, and a longtime volunteer. daughter to the Bay Area of fun!” member representing April 28–30, 2017 business owners about this year. I am delighted to Richard Zen, BS 09, chatting with Michael Jordan Alameda County, and also

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MBA cont. International Flying Eye business—it has been world and acquiring Berkeley Law working 1996 Girls Softball League. Hospital. ORBIS, a non- an exciting ride as we ap- Boulangerie Solignac, with the student-led pro Kevin Brown, Atherton, How did 20 years pass so profit humanitarian or- proach our third anniver- an artisanal gourmet bono projects. Calif., announces that quickly!” ganization dedicated to sary. We have a wonder- commercial bakery. We his food tech company, saving sight worldwide, ful portfolio of Fortune specialize in manufac- Innit, will partner with operates a fully equipped 200 clients in our major turing gourmet frozen 1992 25th Reunion 1982 35th Reunion April 28–30, 2017 Whirlpool to power smart April 28–30, 2017 mobile teaching hospital Midwestern markets and croissants and pastries kitchen appliances and offering sight-saving a strong track record for for hotels, resorts, and raise new funding, medical services in the service delivery. I just restaurants around the bringing total backing fight against preventable presented my second we- U.S. About three years to $43 million. blindness. SIE provided binar for the international ago, we launched a line the engineering design, organization for IT Audit, of frozen retail pastries. certification services, Information Security, We are now in indepen- supply chain manage- and IT GRC professionals dent groceries and chain ment, and overall pro- (ISACA) with live atten- stores such as Whole Francesco Rockwood, MBA 93, gram management for dance of nearly 900 for Foods, Nugget, Draeger’s, and Susan Rockwood, MBA 89, ORBIS’s next-generation Mark Berger, MBA 83 (standing), sailing on San Francisco Bay each webinar. and more across multiple in front of Berkeley Castle in Flying Eye Hospital, an during a Class of 83 mini-reunion with Captain David Heindel and “My itinerant and states. Would be nice to the town of Berkeley, Glouces- MD-10-30 aircraft gener- crewmates Dana Krelle and Dave Dent ever-adventurous catch up.” tershire, UK ously donated by the husband, Dr. Andy Sih, FedEx Corporation. Dent sailing on San Fran- the bay; think of it as the has had scientific col- 1986 senior living real estate Mohit Sen, MBA 96 cisco Bay. Wife Madeline old Bear’s Lair on water! laborations in England projects. This summer, 1983 and daughter Kelsey Captain Dave is always and Australia this year, with daughter Sarah Mohit Sen is now senior crewed and skippered looking for people to which allowed for great (Class of 2019), Sue and I vice president, client John Courtright, MBA 82 Mark Berger, Our Defining visited Oxford, Cambridge, Menlo Park, Principles the boat. Winds reached provide ballast and adult vacations in Cornwall Richard Jones II, MBA 92, with solutions, at Allant Group. his 10-year-old son, Richard and the Berkeley Castle “Still living in Chicago Calif., reports: Question the a formidable 25+ knots, beverages on weekends and Queensland. The kids Kevin Brown, MBA 96 John Courtright, Status Quo of the Bishop George Redmond, Our Defining “On July 1, the which helped to blow or even some weekdays are all out and about. Jones III with my wife, Susan, Principles away the hot air from the for those with flexible Rocker stepson is living Berkeley family. Oxford and Shona, our beloved Wash., reports MBA Class of Richard Jones, Oakland, and Cambridge were nice, Monica Our Defining Beyond many career tall tales and schedules.” the life of the successful Principles golden retriever.” that his firm, Yourself 1983 held a mini- Calif., writes, “After 16 but we prefer the vibe of Stevens, SIE, completed reunion with Captain reviews of the current po- musician and DJ in N.Y.C. Oakland, Calif., Confidence and touring the music years at Intel, I decided UC Berkeley.” without the systems David Heindel and litical headwinds. Looking Ellen (Swanberg) celebrated her Attitude 1997 20th Reunion forward to future MBA O’Connor, Santa Rosa, festivals in Europe with to accept an early retire- integration and engi- crewmates Dana Krelle, 20th anniver- April 28–30, 2017 class reunions sailing on Calif., published “The Kelela. Our middle son, ment package, allowing 1994 neering for the ORBIS Mark Berger, and Dave back-to-back enjoyable sary at Wells Fargo. Test of Time: Historical who served in the USMC, Koji Asada, New York, “From commercial real Perspectives on Man- is a junior at Cal this year summers. Last summer has been appointed the family toured France estate lending, to James Gray, Austin, agement Education studying marine science chief of staff at MUFG recruiting, to syndica- Reform in the U.S.” in The and dreaming of doing (watched the Tour De Americas Holdings and Texas, reports, “In June I Paul DeMuro, MBA 86 France) and Australia tions, to global banking, made a transition from Routledge Companion to research in Oceania. MUFG Union Bank, and is and a few stops in The Berkeley-Haas Reinventing Management My daughter is an art (Sydney and Melbourne). responsible for the plan- Microsoft to a startup Paul DeMuro, PhD, JD, While in Sydney I saw between, it’s been a here in Austin, leading Social Impact Collective Education. director in Los Angeles Fort Lauderdale, Fla., of ning management of the fabulous ride!” she working with a variety of fellow classmate Mike bank’s business through- the data engineering counsel in the Fort Lau- Baldwin. This sum- writes. “Got married, my team at Civitas Learning. provides insight at 1984 fashion clients, including derdale office of Broad out the Americas, includ- baby girl is now a ‘tween’ Lululemon, after having mer we spent time in Our mission is to partner the intersection of Caitlin McGaw, and Cassel, was named ing the U.S., Canada, and at Redwood Day. Still Our Defining been a senior creative Connecticut and Texas with leading colleges and Davis, Calif., Principles associate professor, Latin America. “This is my very connected to Haas values and evidence to manager at TOMS.” visiting family. When return to N.Y.C. after two universities to help reports, “Mak- Beyond Department of Sociobe- not traveling, my son and am honored to serve students learn well and help members solve ing the big leap Yourself havioral and Administra- and a half years of en- as the chair of the , Oakland, and I were competing in finish strong. Civitas is to start up a Brian Shefts tive Pharmacy, College of gagement at BTMU Cana- Alumni Diversity Council. the problems they care Calif., writes, “It has been bicycle races. As part of powered by data science; boutique execu- Pharmacy at Nova South- da as president and CEO,” Lots of weekends spent eight years since leav- my retirement pack- my role is leveraging most about in strategic tive search firm in late eastern University. He he writes. “I am excited to volunteering for Oakland ing the tech and media age, Intel will pay me to the data science skills 2013 after 16 years in the also joined the voluntary be back in the States in a effective ways. volunteer at a nonprofit more challenging banking faculty at the University for one year, so I’m look- of Miami. environment, with many ing for tech nonprofits in more opportunities. the Oakland area serving ‘Questioning the Status LEVERAGE YOUR SOCIAL IMPACT 1987 30th Reunion inner-city kids.” Quo’ will continue to be WEALTH FOR April 28–30, 2017 my important principle in socialimpactcollective.org 1993 this new challenge.” The Collective is Francesco Our Defining 1990 Rockwood, Principles Michael Garrow, Akwe- Students now accepting Kathi Pugh, JD, Our Defining Orinda, Calif., Always sasne, N.Y., became CFO Principles applications for our of Berkeley, reports, “It has for the Saint Regis Mo- Beyond been three years hawk Tribe in Akwesasne, Calif., recently Yourself March 2017 Discovery retired after since Sue and I launched in which he is an enrolled Weekend in Half working for al- Rockwood Pacific. We member. He oversees the most 25 years at the San have particularly enjoyed tribe’s financials as well Moon Bay, California. Francisco firm Morrison working with hospital as the casino and other & Foerster. She is now systems and universities tribal LLCs. doing volunteer work at in planning and executing Andy Sih and Caitlin McGaw, MBA 84, at Melbourne Cup Day, 2015 Annadella, Monica Stevens, MBA 96, and Paul

30 BerkeleyHaas Fall 2016 31 In the Back In the Back

Got news? Submit it online at Haas Alumni Notes haas.berkeley.edu/alumninotes.

MBA cont. locations in the works, engineers, business behind us. Bee II includes 2013 Amelia Forrest Kaye, and we hope to continue development folks, 17 companies, nearly San Francisco, recently our rapid pace of growth marketing imagineers, half of which have strong joined Reflektive, a I acquired during my for the next several years. and sales people. Please UC Berkeley ties. Check software startup graduate studies at UC Please let me know if you visit aporeto.com and sizes start at around reinventing employee Berkeley’s School of have medically zoned re- contact us. We would $400K per company and engagement and Information.” tail space you are looking love to hear from you. go to approximately eight performance reviews, to fill! And if you happen On a personal note, we new startups annually. to build and lead its 1998 to be feeling ill, please have a new family These 17 investments customer success team. drop in—we will be sure addition, but of the showcase broad Prior, Amelia worked in Daniel Tellalian, Los to help you feel better canine type—Ludus diversification, and over SaaS product develop- Angeles, Calif., writes, faster!” Maximus, a very friendly half have already ment and strategy at “Pleased to have taken on and cute yellow lab.” benefited from follow-on Deloitte Consulting LLP. a new role as managing capital within 12 months, partner of Avivar Capital, a 2005 including Neighborly, Brent Haapanen, Granite registered impact Yan Chow, Orinda, Calif., Embroker, StatMuse, and Bay, Calif., writes, “Am investment advisory firm BuildingConnected.” A excited to be kicking based in Los Angeles. We took a new position in Ariel Dekovic, MBA 13, with her Clockwise from lower left, MBA Class of 00 alumni mini-reunion: June article in Tech- Tom Huang, MBA 07, Casey, and Sunny off the official B-HAN create impact funds, August as medical direc- husband, Christoph Scheper, Neva Flaherty, Patrick Aragon, Pete Cowing (hidden), Rodrigo Pru- tor for Mobile Health for Crunch cited Berol- Sacramento chapter manage portfolios, and ment of Western Region backpacking in Desolation dencio, Diane Bisgeier (hidden), Chris Barton, Baris Ruacan, Cagla Amgen, based in South zheimer and his partners’ Shin (Tom) Our Defining this year with my fellow bring impact investment alumni- and founders- Huang, of Principles Power Plants, I am Wilderness Sacramento-based advisory services to Erdogan Ruacan, Guillaume Gavillet, Carla Feely, Patrick Feely, San Francisco. “I will be Greg Funk, Peter Marchetti, Pascal Hoffmann only community called Fremont, Calif., Confidence excited to be joining Haas alumni! Our son philanthropies, wealth the physician lead to without Ariel Dekovic, Berkeley, help incorporate digital CalFounders, which announces, Attitude Facebook, contracting (and future Cal Bear) advisors, and institutions renewable energy for its Calif., reports, “As interim also an opportunity to Shing Wong, San Fran- health (wearables, medi- boosts visibility of “Sunny and I Calvin was born in in the U.S. A terrific data centers.” Urvi and executive director of City celebrate a wedding cisco, asks, “Have you cal devices, and mobile entrepreneurship and are happy to January and is a happy blend of financial husband Luke’s, MBA 08, Slicker Farms, I shep- anniversary for Patrick ever been in a meeting, technology) into clinical tech efforts around UC welcome the newest and busy boy!” discipline and social boys, Kiren and Nithin (4 herded the community and Carla Feely (yeah!) webinar, or conference trials and beyond,” he campuses, an ecosystem addition to our family! In- responsibility!” and 2) are very excited to and a move back to the and wished you could reports. often overlooked by troducing baby boy Casey be spending more time at Bay Area for Baris and have the presenter’s Thomas Phinney, MBA 03, in traditional investors. Yoshawn Huang, born 2000 Haas now that Luke’s Cagla Ruacan (welcome slides in front of you to São Paulo, 2015 August 13, 2016, weigh- Pascal Our Defining 2007 10th Reunion ing 5 pounds 6 ounces sister Claire is part of the Principles back!) #GoodTime interact with in real time? Hoffmann, Thomas Our Defining April 28–30, 2017 and measuring 19 inches. FTMBA Class of 2018. Confidence #UntilNext.” In early 2016, I launched Principles Oakland, Calif., without Ampslide (ampslide. Phinney, He’s little but brings a Attitude Question the 2010 describes an com), which enables Portland, Ore., Status Quo ‘ginormous’ amount of joy, unofficial class 2002 15th Reunion presenters to live-share is now president Michael Berolzheimer, excitement, and many, Deepak Goel, Fremont, reunion in San Francisco April 28–30, 2017 presentations in real time of FontLab, the San Francisco, reports, many (willingly) sleepless Calif., reports, “We just on August 9 that “was to thousands without font software tools “After many months, nights to us. Please join launched the KarmaCir- clunky software. If you’re company. He notes, we’re delighted to us and welcome Casey to cles app on iPhone as a presenter, marketer, “Started running this year! announce the closing of the world!” well as Android. Kar- or conference organizer/ Last summer the whole our latest fund, Bee maCircles makes it easy attendee, check it out! family spent six weeks Partners II, which was 2008 for professionals to in Europe.” oversubscribed at Sign up at Ampslide.com Adrian Durbin, Our Defining request free time from with the referral code $30M+ after an initial Orinda, Calif., Principles each other. When you get BerkeleyHaas for a 30- Amir Sharif, Menlo Park, target of $25M. Like our reports, “After Confidence time, you get free advice Calif., announces, “I am without day free trial.” founders, we also have to more than Attitude from an expert, and when excited about the raise funds from Kevin Hill, MBA 07 seven years at you give time to some- Haapanen family vacation: Calvin (Cal), Destiny, and Brent, MBA 13 founding and top-tier VC 2003 investors and, like them, Our Defining McKesson, in June one, you build your funding of Aporeto, a we’re elated about the Kevin Hill, Principles reputation. Everyone on Scott Cheeseman, I started a new position planning, design, and 2014 cloud native security journey ahead now that Oakland, Question the leading Lyft’s policy com- the platform wins! Join Sonoma, Calif., reports, Status Quo construction of a new company. We are hiring our fundraising period is Calif., in 2016 the Haas group on Santiago Our Defining “After making the leap munications team. I am 1.4-acre public park and Principles grew his responsible for the com- KarmaCircles to connect Andrigo, New from construction and urban farm for Oakland. York, recently Students business intelli- pany’s media relations with hundreds of other Always real estate develop- The West Oakland Farm joined Jigsaw, gence business, Heights strategy on all public Haas alums!” Park opened in June ment to health care, I am Consulting. He’s “a think-do tank excited to announce that policy and regulatory is- 2016, and I stepped currently helping Intuit sues around the country and product incubator we have opened three 2012 5th Reunion down from my role. This within Google that build a customer loyalty (of which there are many!) August, my husband and new Direct Urgent Care program. He’s also April 28–30, 2017 tackles the toughest locations this year. I ap- and also serve on the cor- I will set off on a continuing his Haas porate communications geopolitical challenges, preciate all the help my month-long national from countering violent teaching career, with a leadership team.” parks road trip, fulfilling Haas connections have presentation design Joshua Ziel moved from extremism to thwarting provided—your intro- a longtime dream that online censorship to course that helps make 2009 the Bay Area to Austin, we’ve had. Then we’ll be ductions to financing, quantitative information Texas, in November 2015 mitigating the threats potential locations, and Urvi Parekh Dunnington, moving to Germany to be associated with digital more consumable for and recently left Oracle closer to his family and vendors have been in- making strategic Oakland, Calif., writes, to run the NA corporate attacks. I specifically strumental in our growth. “After seven years at so that I can learn work as a product business decisions. This sales team at Cloudera, German! After almost 10 This has been a very summer, Kevin visited SunPower in various a big data company with manager and on the exciting ride, and I can’t roles, most recently as years in Berkeley, this is areas of cybersecurity Sequoia National Park, numerous connections a big step. But the Bay wait to see where it takes climbing a 10,000-foot director of origination back to Berkeley. and countering online us. We have several new Garrett Goldberg (Principal), Michael Berolzheimer, MBA 07 and business develop- Area will always be home!” (Managing Partner), Cynthia Maxey (Business Development) peak. censorship. In my spare

32 BerkeleyHaas Fall 2016 33 In the Back In the Back

Haas Alumni Notes Save the date: Reunion Weekend, April 28–30, 2017

Ezra Roizen has pub- tions on the west coast. variety of value-based 2015 IN MEMORIAM lished the book Magic He has over 20 years’ and risk-sharing models Jenise Steverding, Los Box Paradigm: A Frame- experience developing across the value-based Angeles, joined Pledgel- John Boydstun, BS 41 work for Startup Acquisi- strategic solutions and reimbursement spec- ing, the world’s first Curtis Wood, BS 55 Did you know? tions. An entrepreneur integrated campaigns for trum. CareAllies will offer charitable giving and Josephine Trichilo, BS 42 Richard D’Arezzo, MBA 56 and advisor to startups, global technology brands services to help ease social impact platform Jack Podesta, BS 43 Ron Plomgren, BS 56 Ezra offers practical that have included VM- providers’ administrative for brands, as vice Janet Campbell, BS 44 Frank Stuart, BS 56 advice to help entre- ware, Google, SanDisk, burden across payers president of strategic preneurs navigate the and HP, among others. and can even help Alfred Hons, BS 45 Larry Callahan, BS 57 Berkeley- partnerships. Steverding counterintuitive nature providers launch and will be responsible for Clifford Machek, BS 47 Louis Sereda, BS 57 Haas was of startup acquisitions— 2009 manage their own health forging sustainable Lawrence McGuire, BS 47 Philip Talamantes, BS 57 enabling them to avoid Sudhir Our Defining plans. CareAllies will partnerships between Glenhall Taylor, BS 47 David Wheeler, BS 57 a pioneer in the common mistakes Principles focus on advisory and Nakhwa, San Confidence brands and causes that Milan Wight, BS 47 Ronald Dressler, BS 58 teaching which can hurt, or even Francisco, without management services, bring to life a company’s kill, the deal. Attitude technology, and analytics, A Frinak, BS 48 Daryl Lenstrom, MBA 59 entrepreneur- announces, “I core values and create joined Macy’s which are all fundamen- lasting impact on the Donald Madsen, BS 48 Donald Eckerson, BS 60, ship to MBA earlier this year in a tal to transforming world. An early member Worth Morton, BS 48 MBA 61 physician practices students. director role. I lead, of the TOMS Giving team, Jack Palmer, BS 48 Richard Jensen, BS 60 direct, and manage a and delivery systems as Steverding played a key William Conlin, MBA 60 they move from volume Alexis Benioff, BS 49 team of 12 in Silicon role in scaling the Roger Erickson, BS 49 Robert Kuhne, MBA 60 Matt Thelen, MBA 14, and his wife, Alyssa, with twins Aynslie Valley, New York, and to value. Rajesh now company’s famous William Bolton, BS 61 and Keller remote to support serves as the senior vice shoe-giving program to Edward Macaulay, BS 49 Read the new Haas history enhancement of president and general tens of millions of pairs Paul Read, BS 49 Lawrence Miller, BS 63 us some time to learn Alastair Trueger, San eCommerce systems manager, clinical of shoes. She later joined William Anderson, BS 50 Ernest Peach, BS 64 twin-parenting or (to use Francisco, writes, “This operations and popula- haas.org/haas-history-book at Macys.com and the Special Olympics James Cavanah, BS 50, David Fox, BS 65 a Golden Bears football January, Champ Suthi- Bloomingdales.com. The tion health. World Games, working analogy) move from a pongchai and I spun up MBA 51 Warren Harada, BS 65 eCommerce systems closely with corporate Clyde Cournale, BS 50 man-to-man defense into a venture capital fund to include product catalog, 2012 Philip Bewley, MBA 65 a zone coverage scheme.” invest at the intersection content management, Harlan Nobis, BS 50 Johannes Albeck, BS 66 MBA cont. of hardware, software, imaging systems, retail Edward Schwartz, BS 50 Diane Cannon, BS 66 2015 and data. We connect planning, and forecast- Gerald Scott, BS 50 Frederick Rhines, MBA 66 startups with capital, Zaky Prabowo, San ing. I am responsible for J Ritchie Dunn, BS 51 Robert Quinney, MBA 67 manufacturing, pilot, Ezra Roizen, BCEMBA 04 establishing and Francisco, and Jo- Neal Higgins, BS 51 hannes Koeppel with and distribution op- maintaining key relation- Paul Criss, BS 72 Garib Mehdiyev of- portunities in Asia. We’ve ships with the buying, Robert Gill, MBA 51 Anthony Navarra, BS 72 ficially launched their already made five invest- 2006 planning, merchandis- Clarice Hart, BS 52 Daniel Rowland, BS 72, travel startup WeTravel ments, with a few more ing, creative, and William Yeo, BS 52 MBA 73 on the way.” after powering $5 million marketing stakeholders Paxton Beale, BS 53 Edward McMillan, and for monitoring independent group trips Joseph Hootman, BS 53 MBA 73 using the website during emerging technologies. I 2016 1st Reunion William Ashton, BS 54 Peter Feuille, PHD 73 beta stage. WeTravel is a April 28–30, 2017 welcome opportunities free platform for amateur to network with alumni Joan Ehlers, BS 54 Kenneth Meyer, MBA 76 and semi-professional both inside and outside William Steffensen, BS 54 Edward Cotter, BS 78 trip organizers to create, Amy Chou, Oakland, of the retail world. Louis Weider, BS 54 Jerry Butzer, MBA 78 manage, and promote Calif., writes, “I’m excited John Kadlecek, BS 55 John Butler, Friend group trips in minutes. to be an account manager Marian Thompson, Friend Michael Nurick, MBA 14, and They started the platform 2015 EMBA 1st Reunion Frederick Pracht, BS 55 Santiago Andrigo, MBA 14, his wife, Sapna at Clever Inc., helping en- April 28–30, 2017 during their MBA stud- able digital learning tools in New York, wearing role- ies when classmates identifying tshirt Music. At YouTube, he in classrooms all over the used it to manage Haas U.S.!” continues to serve the domestic and interna- Bart Tkaczyk, Exec. Ed. 12, accepting his UN Affiliate Global time, I continue to musician community as a tional treks. Appearing Roland Deal, BCEMBA 06 practice and learn the product manager on the in Financial Times and Executive HRD Award tango and have recently artist team. Lonely Planet, WeTravel’s Roland Deal, Education undertaken the study of BCEMBA Our Defining Social media main users now are San Francisco, Principles Bart Tkaczyk won the sponsors such as Toyota, ethics.” Matt Thelen, Our Defining university students and is president for 2009 Global HR Development Google, and Westfield, on posts come Principles 2004 Confidence of Denver, an- yoga teachers; expan- the Americas without Research Excellence the largest sporting and Confidence Attitude Rajesh Shrestha, and go, but Michael Nurick, nounces, “My without sion is underway. “If James (Jamie) Pirrello, of DWA media, Award for his research on humanitarian event in Our Defining Attitude Piscataway, N.J., helped Oakland, Calif., Principles wife, Alyssa, you know anyone who San Jose, Calif., recently one of the fast- positive organizational the world in 2015. whose compa- and I just had launch CareAllies, a Students is planning to organize became chief financial est growing marketing/ population health change. Dr. Tkaczyk was an Alumni ny BandPage, Always the most amazing and group trips (your class officer with UCP, a home- media agencies glob- honored at the 45th dedicated to surprising thing happen company focused to reunion maybe?), please builder based in San Jose ally. Roland brings his deliver the systems, International Federation . helping musi- to us—we had twins in check the platform. It’s with operations in Califor- experience partnering of Training and Develop- Note lasts cians make a successful May. We both work at capabilities, and completely free for the nia, Washington, Tennes- with technology brands management services ment Organisations in Submit yours at living from digital music, companies that provide organizers and travel- see, North Carolina, and from OgilvyOne, where Bahrain. was acquired by Google; excellent parental leave that providers need to be haas.berkeley.edu/alumninotes ers.” Learn more at http:// South Carolina. as managing director successful under a it is now a part of YouTube benefits, which afforded haas.org/2ckNMfp. he oversaw its opera-

34 BerkeleyHaas Fall 2016 35 In the Back

Haas Personal View Tom Stahl, MBA 93 Get the most

worked for a democratic activist in Taiwan. I lived in a Tom Stahl, MBA/MA out of your alumni network Chinese city of 800,000 as one of only three Americans. (Asian Studies) 93, I watched my neighborhood in Beijing transform from recently returned to San Use the checklist below to take full advantage of all the services offered. horse carts to modern high-rise buildings. I traveled Francisco after two years across China helping U.S. telecom companies enter the in Barcelona. Prior to living market. None of it would have happened had I not left my in Spain, he was COO and first engineering job and taken the time to travel. CFO of two venture-fund- Some argue that a sabbatical will derail your career ed mobile companies. He progression. And if your career trajectory is skyrocketing, has also worked as a maybe it will. But if your career isn’t satisfying, maybe telecom consultant in derailing your career path is just what you need. China, a political One of the objections I often hear about taking consultant in Taiwan, an a sabbatical is cost. And of course medical bills, engineer, a short-order children’s education, and mortgages can prevent taking cook, and a paperboy. any time off. Tom is an award-winning But sometimes objections over affordability are photographer and is really a mask for different priorities. When I quit my married to Julie Kim, first job, a friend asked how I could afford to travel MBA 93. for so long. I pointed out that the new car he’d just purchased would more than pay for my 18-month trip. There are creative ways to finance a sabbatical. Sell your possessions. Work freelance. Rent your house or arrange a housing swap. Move to a cheaper country. Ten years after I started my Asian career path, my China consulting business was struggling. I was living in San Francisco but spending long stretches in China. It Just Get Out was time for a change. My wife and I booked a monthlong Singing the praises of the sabbatical trip to Africa where we decided we were ready to have children and that I would thus need to travel less. At some point, many of us find ourselves in a job that isn’t So I shut down my consulting business and took a the right fit, either in terms of career path, job satisfaction, middle-manager position at a mobile phone startup in or financial rewards. What should you do then? Here is San Francisco. The next 14 years were a fascinating and my advice: Just get out. rewarding stint in the high-tech industry. I presided I don’t mean start updating your resume. I mean over the rapid growth and large-scale layoffs of the travel. Move to a new country. Give yourself the time and dot-com boom, raised venture money, and helped build perspective to open up to new possibilities. and sell a successful company. My wife and I raised two I’m not suggesting you quit your job at the first hint kids to teenagers. of job dissatisfaction. Even great jobs have periods of Several years ago, it was clear that my latest startup unhappiness. But when you spend months thinking “this wasn’t going to succeed. I told my wife it was time to isn’t the place for me,” maybe it’s time for a career change. look for a new job. In those times, I have found that a sabbatical, particularly “No,” she said, “it’s time for us to move overseas.” when combined with travel or a move to a new country, is Within a year we’d stored our possessions, sold the a great way to reset my mind and discover a new career car, rented the house, and found an international school. direction. We used our savings and San Francisco’s hot rental When I graduated from college, I spent two years market to finance a move to Spain. working at a large systems engineering firm. The job paid Once in Barcelona, I finally had time to pursue well, the hours were reasonable, the work was low stress. two of my passions: photography (tomstahlphoto.com) I was bored out of my mind. So I saved my money for two and serving on nonprofit boards. More importantly, years then quit the job, sold most of my possessions, and as a family we’ve studied Spanish, traveled to more than backpacked around the world for eighteen months. a dozen countries, hiked the Pyrenees, ridden camels I spent much of that time in Asia, including four across the Sahara, and made new lifelong friends. My months in mainland China. I became fascinated with the daughter recently said that these have been the best two large-scale, rapid transformation taking place there and years of her life. I agree. decided I needed to return. In the end, our time on earth is defined by more than Back in the U.S., I studied Chinese and enrolled in the our jobs. So, by all means, land your dream job, work Haas MBA/Asian Studies joint degree program. After with passion, and have a great career. But during your I graduated, I spent much of the next decade in Asia. I life’s journey, don’t forget to also take time to just get out.

haas.berkeley.edu/alumni 36 BerkeleyHaas