Honored for Building World’S First Social Stock Exchange
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WHARTON ALUMNI CLUB OF NEW YORK | WINTER 2014 PIONEERING WHARTON ALUM HONORED FOR BUILDING WORLD’S FIRST SOCIAL STOCK EXCHANGE LEGENDARY+ CEO WHO TURNED THE WORLD INTO FREQUENT FLYERS LETTER FROM THE PRESIDENT EXECUTIVE COMMITTEE Winter 2014 harton is forever. Getting a degree President Kenneth Beck, WG’87, P’16 from the top business school in the CEO Connection world is only the beginning. If you [email protected] do not take full advantage of this amazing community for the rest of Executive Vice President Wyour lives, you’re not maximizing the return on the George Bradt, WG’85 investment you made, to get that degree. Wharton PrimeGenesis Executive Onboarding stays in our bios forever and as such we have a [email protected] responsibly to each other and to the school to protect the brand... it is in our enlightened self-interest to do so. Vice President, Finance Rosemarie Bonelli, WG’99 I was reminded of all this at our recent Joseph Wharton [email protected] Awards Dinner, which continues to amaze me. Terry McGraw, WG’76, the Joseph Wharton Leadership Award recipient in 2006, and this year’s Event Chair, spoke about Vice President, Marketing & the passion that Wharton alumni possess. The new dean, Geoffrey Garrett, marveled Communications at the two anvils in his office, which belonged to Joseph Wharton. He said they Jeff Greenhouse, WG’99 reminded him that Wharton alumni “do not rest on their laurels”. Scripps Networks Interactive [email protected] Our five honored alumni honored this year, never gave resting a thought.Robert Crandall, WG’60, Former Chairman, American Airlines, who received the Joseph Vice President, General Counsel Wharton Award for Lifetime Achievement, encouraged all to get involved and join the Blair Duncan, WG’85 public dialogue by which we settle the great issues of our time. Upper Manhattan Empowerment Zone [email protected] Alex Gorsky, WG’96, Chairman and CEO of Johnson & Johnson, received the Joseph Wharton Award for Leadership. He spoke about Joseph Wharton’s values based Vice President, Career Development charter when creating the school, and J&J”s charter as well. Charles S. Forgang, W’78, P’11 Law Offices of Charles S. Forgang Our Joseph Wharton Award for Social Impact honoree, Durreen Shahnaz, WG’95, [email protected] Founder and Chairperson of Impact Investment Exchange Asia (IIX) and Shujog, implored those gathered to help her grow the first social stock exchange. Vice President, Business Development Regina Jaslow, W’97 Neil Blumenthal, WG’10, and David Gilboa, WG’10, GEN’10, Co-Founders and Co-CEOs Penn Club of New York of Warby Parker, who were covered extensively in our Spring 2014, issue, received [email protected] Joseph Wharton Award for Young Leadership. They spoke about the energy and dynamism of what is being built at Wharton today. Vice President, Volunteer Services Diana Davenport, WG’87 Our volunteers don’t rest on their laurels either. Hundreds of events are being created The Commonwealth Fund by other volunteers. Two recent highly regarded events showcased Professor David [email protected] Bell and Professor Stewart Friedman. Vice President, Programming A key member of the club featured in this issue is Vishal Gupta, WG’08, our Affinity Jennifer Gregoriou, W’78 Groups Chair. He explains how you can get involved in an affinity group, or possibly Jennifer Gregoriou, Management create a new one. Consulting [email protected] Be inspired by these alumni and do not forget: “Take the Call”! Vice President, University Relations Kenneth Beck, WG’87 Udayan Chattopadhyay, WG’01 Chief Executive Officer | CEO Connection Ergo President | Wharton Club of New York [email protected] T 646.416.6991 | F 646.292.5129 [email protected] The Wharton Business School www.ceoconnection.com Club of New York 485 Madison Avenue, Suite 747, New York, NY 10173 WHARTON CLUB OF NEW YORK MAGAZINE Phone: (212) 463-5559 PUBLISHER EDITOR Club website: www.WhartonNY.com Kenneth Beck, WG’87 Kent Trabing, WG’01 [email protected] [email protected] MANAGING EDITOR DESIGN DIRECTOR Peter Hildick-Smith, C’76, WG’81, P’13 Joyce Chan, W’06, C’06, [email protected] [email protected] FRONT COVER: Durreen Shahnaz, WG’95, Founder and Chair of READ THE MAGAZINE ONLINE SOCIAL MEDIA Impact Investment Exchange Asia www.readwny.com Umang Malhotra, WG’11 (IIX) and Shujog [email protected] IN THIS ISSUE 8 12 14 2 LETTER FROM THE PRESIDENT 3 WCNY MAGAZINE AD RATE CARD JOSEPH 18 WHARTON DINNER 20 4 JW AWARDS DINNER 8 ROBERT CRANDALL, WG’60 REACH 14 DURREEN SHAHNAZ, WG’95 25,000 20 ALEX GORSKY, WG’96 WHARTON ALUMNI EVENTS IN THE NEW YORK METRO AREA WCNY AFFINITY GROUPS 12 WCNY MAGAZINE AD RATE CARD 18 LOCATION IS (STILL) EVERYTHING 21 LEADING THE LIFE YOU WANT The WCNY Magazine is mailed three times annually, to more than 25,000 Wharton alumni living or working in New York, New Jersey and Connecticut. CLUB Alumni discounts are available upon request. Non-camera- ready ads may be subject to 22 PREMIUM MEMBERS FOR INQUIRIES production charges. REGARDING SPONSORSHIP, 23 TAKE THE CALL A 15% commission will be offered to PLEASE CONTACT: ad agencies. A premium position for Kay Trongwongsa, WG’ 12 23 JOIN WCNY the ad can be secured for a 20% fee. Melanie Zhao, W’13 [email protected] 24 CLUB CALENDAR BLACK & WHITE FULL COLOR FULL PAGE $1,600 $2,000 HALF PAGE $1,120 $1,400 Ad will be featured on the Magazine website (www. QUARTER PAGE $640 $800 readwny.com) until the EIGHTH OF A PAGE $400 $500 following issue. ♦ READ ARTICLES ONLINE AT READWNY.COM | 3 JOSEPH WHARTON AWARDS Think of growth, purpose, passion. Growth is everything that we are about. If you're not growing, you're not making an impact. In order to grow, you have to have a sense of purpose—you have to know where you're going. But the energy that makes it all happen is passion. What I've always noticed about Wharton is that you have that attitude and a special notion of what passion means, which drives you when things go well, or don't go well. Our honorees tonight have the growth, the purpose and the passion embodied in what they do." With these words, Harold W. McGraw III, WG'76, Chairman of the Board of McGraw Hill Financial, and Event Chair, opened the glittering evening to attendees. The WCNY's marquee event brought together over 200 alumni, and was held at the Metropolitan Club on 1 East 60th Street in New York City, on October 2. 4 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | WINTER 2014 PHOTO: Alumni listen to Bob Crandall, WG’60 JOSEPH WHARTON AWARDS DINNER Honoring Lifetime Achievers, Leaders and Innovators READ ARTICLES ONLINE AT READWNY.COM | 5 THE JOSEPH WHARTON AWARDEES FOR 2014 ARE: ROBERT CRANDALL, WG'60 Former Chairman, American Airlines Joseph Wharton Award for Lifetime Achievement ALEX GORSKY, WG'96 Chairman, Johnson & Johnson Joseph Wharton Award for Leadership DURREEN SHAHNAZ, WG'95 Founder and Chairperson, Impact Investment Exchange Asia (IIX) and Shujog Joseph Wharton Award for Social Impact NEIL BLUMENTHAL, WG'10, and DAVID GILBOA, WG'10, GEN'10 Co-Founders and Co-CEOs, Warby Parker Joseph Wharton Award for Young Leadership PHOTOS: (Top) Alex Gorsky, WG’96, Neil Blumenthal, WG’10, Durreen Shahnaz, WG’95, David Gilboa, WG’10, GEN’10, Bob Crandall, WG’60. (Middle) Kenny Beck, WG’87, Club President; (Bottom) Geoffrey Garrett, Wharton Dean, Reliance Professor of Management and Private Enterprise, and Professor of Management. More photos of the JW Dinner at www.readwny.com! 6 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | WINTER 2014 We connect all kinds of alumni—from alumni who are looking for capital, to alumni looking to invest, alumni looking for jobs and alumni looking to buy things. (Clockwise from above) Charles (Chuck) Forgang, W’78, Whatever you want to find, you should Allen Levinson, W’77, WG’78, Lisa Forgang, Carl Rosen, WG’77; David Gilboa, WG’10, GEN’10, Brett Hurt, WG’99, be able to find in your community." Neil Blumenthal, WG’10; WCNY High School Volunteer Summer Internship Program; Robert Kraybill, Penn — KENNY BECK, WG'87, CLUB PRESIDENT Law’95, Matthew Greene, W’89, Kota Global Securities, Randy Weisenburger, WG’87, Omnicon Kenny Beck, WG'87, shared the Club's purpose and accomplishments, EVENT SPONSORS: "We in New York have the largest Wharton School alumni club, with 250 MAJOR volunteers, servicing 30,000 alumni in the NY metro area, creating 200 SPONSORS to 300 events per year! The Club provides access from early in your career, through death — although I have come to realize that Wharton alumni don't die — they just yield to maturity. WCNY's principles that we embody are: PLATINUM Enlightened self-interest — You need to give to get. SPONSORS Tangible results — These are networking and events. Small, interactive events are more powerful than large, passive events. Most importantly, when a fellow alumnus calls, you should take the call. GOLD SPONSORS This Winter 2014 issue profiles three of this year's awardees: Robert Crandall, Durreen Shahnaz, and Alex Gorsky. Our Spring 2014 issue headlined the founders of Warby Parker. ♦ READ ARTICLES ONLINE AT READWNY.COM | 7 JOSEPH WHARTON AWARDS Harold W. (Terry) McGraw III, WG’76, Event Chair, and Bob Crandall, WG’60 JOSEPH WHARTON AWARD FOR LIFETIME ACHIEVEMENT, 2014 Robert Crandall, WG’60 Former Chairman, American Airlines 8 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | WINTER 2014 JOSEPH WHARTON AWARDS We did Bob Crandall laughs a lot. He is called PARS (Programmed Airline genuinely mirthful.