University of California, Berkeley Nonprofit Organization THE MAGAZINE OF THE HAAS SCHOOL OF BUSINESS AT THE UNIVERSITY OF CALIFORNIA, BERKELEY Haas School of Business US Postage 545 Student Services #1900 PAID Berkeley, CA 94720-1900 Portland, OR Permit NO. 2917 BerkeleyHaasSummer 2012 8 WIN-WIN 14 WICKED SOlutiONS 16 CULTURE CLUB Haas athletes apply lessons from the field of Sara Beckman teaches students how to Three alumni help foster their companies’ sports to the world of business conquer our most vexing problems unique cultures Question Confidence the Status Without Quo Attitude Haas Homecoming Students Beyond Saturday, OCtOBEr 6 Always Yourself HOME! Come back to Berkeley-Haas for a Mexican Fiesta and lectures Welcome from two of Haas’ most popular professors. Then watch the Golden Bears face off against UCLA in the newly renovated Memorial Stadium. speakers: • Severin Borenstein, What Will It Take to THE POWER OF Make Renewable Energy Competitive? How Haas’ Defining • Kellie mcelhaney, The Lioness Factor: How Women Create Value for Businessmen Principles are sparking change at the school Learn more at haas.berkeley.edu/alumni/homecoming Buy tickets at CULTURE calbears.com The Berkeley-Haas Advantage Step outside of your day-to-day and return to one of the most stimulating business environments in the world. Summer 2012 FEATURES AND DEPARTMENTS The Culture Issue SENIOR EDITOR Richard Kurovsky UP FRONT EDITOR Our Executive Education programs teach you the skills to embrace Ute S. Frey MANAGING EDITOR UPCOMINGthe complexitiesPROGRAMS of unpredictable business environments and Ronna Kelly, BS 92 the acumen to develop pioneering ideas that shape the business DesiGN Cuttriss & Hambleton, Product Mlandscapeanagement in your industry. Berkeley STAFF WRITERS August 13-17, 2012 Valerie Gilbert, Jennifer Ruppert, Pamela Tom 2 Haas List CONTRIBUTING WRITERS High Impact Leadership Haas Design and Laura Counts, Mandy Innovation Strategy Club Erickson, Kim Girard, Max September 27-28, 2012 holds first innovation Jacobson, Layne Lynch, Dan tournament. Mitchell, Nate Seltenrich, Bill Snyder, Karen Sorensen 4 Haas News PHOTOGRAPHERS The Executive Coaching Institute Dean Rich Lyons on Noah Berger, Jim Block, September 29-October 7, 2012 transforming the Tomi Deák, Alex Fradkin, Haas campus. Toni Gauthier IllustrATORS 6 Power of Ideas Angus Greig, Christoph Hitz, Engineer as Leader Prof. Andrew Rose on Mark Smith mega events. October 24-26, 2012 Berkeley-Haas magazine is published by the Haas School IN THE BACK of Business, University of California, Berkeley. For The Executive Program in Innovation further information, contact: Berkeley-Haas November 12-16, 2012 Magazine Editor Haas School of Business University of California Berkeley, CA 94720-1900 Venture Capital Executive Program 510-643-0259 December 3-7, 2012 MBA students put their own spin on a Haas Defining Principle for their Alcatraz swim. page 8 [email protected] Berkeley-Haas Summer 2012, 18 Haas Network Number 80 8 Win-Win Profiles of six alumni For change of address, email who excel in their work [email protected]. Haas athletes apply lessons from the field of sports to the world of business. All Berkeley-Haas alumni enjoy 22 Campaign for Haas Minder Cheng, MBA 89, special pricing for open-enrollment PhD 94, supports finance 10 The Power of Culture PhD students. programs. How Haas’ Defining Principles are sparking change at the school 24 Worldwide Events To find the right opportunity for you, contact: BrightSource CEO John Woolard, MBA 97, Kristina Susac, Director of Marketing and Open Programs 14 Wicked Solutions talks energy +1.510.642.9167 | [email protected] Senior Lecturer Sara Beckman’s unique MBA core course gives students the toolkit to conquer our most vexing business and societal problems. 26 Alumni Notes 39 Obituaries 16 Culture Club 40 Personal View Three alumni help foster their companies’ unique cultures. Scott Johnson, MBA 81, executive.berkeley.edu sets sights on MS drugs. Cover photograph by Jim Block. Pictured: Kerry Ko, Tomer Ovadia, Shweta Doshi, and Mark Lee, all BS 12. Summer 2012 1 Up Front Visit berkeleyangelnetwork.com to learn more about Cal angel Haas List investors. Faculty Students Blogging on Energy Students Olympic Glory Ready, Set, Two undergrads and one alumna headed 3Finance 5 to London this summer to participate in Innovate! PhD Honor the Summer Olympics. Matteo Maggiori, PhD 12, Alumna Lauren Boyle, BS 11, and was the first Haas student undergraduate Mathias Gydesen, BS 1The Haas Design and Innovation Strategy to be chosen to participate 13, competed in swimming events, rep- Club’s innovation tournament winners in the prestigious Review resenting New Zealand and Denmark, demonstrate their Photohawk application. of Economics May Meet- 8Alumni Pictured here: Cheryn Flanagan of design firm ings in Europe. The May respectively. Seeding Entrepreneurs Sequence; Deepti Gottipati, MBA 13; Evan Meetings “award” is given Boyle qualified for the 200-, 400-, and Atherton, MS 12 (Mech. Engineer.); Adam 4Financial Engineering From climate change Every year, the UC Berkeley community launches doz- annually to the nation’s Menter of Autodesk; Eileen Chang, MBA 12; and to speculation in oil 800-meter freestyle races and the 4x200- ens of companies—many guided by angel investors. seven most promising A Deep Dive into Gabe Cohen, MBA 13. Ethics, Regulations markets, no energy Some of these investors also have ties to the cam- graduating economics and meter freestyle relay after setting a na- The Berkeley Master of topic is off limits in the pus, yet until recently there was no organized way for finance doctoral students, tional record in the 400-meter freestyle Financial Engineering new blog launched by these alumni angels to connect with each other or with who present their research Program offered a new the Energy Institute at in New Zealand. She also competed in the budding UC Berkeley startups. That changed last year at several European elective this year to Haas. Recent posts on when several Cal alumni, including George Willman, universities. Maggiori has 2008 Olympics. Gydesen qualified in the give students a better the Energy Economics MBA 93, and Jerry Engel, Lester Center for Entrepre- studied the international 100-meter backstroke following a career- understanding of the Exchange include “The neurship founding director, launched the Berkeley financial role of the U.S. importance of the Death Knell for Nuclear best at the Indianapolis Grand Prix. Angel Network. and the U.S. dollar as law and ethics in the Power in the U.S.,” by Meanwhile, Kylan Nieh, BS 14, was The network has attracted 100 members. Two Haas a global safe asset. He aftermath of the 2008 Elizabeth Bailey, the companies have been offered funding. landed an assistant pro- selected by Coca-Cola to participate as financial crisis. institute’s new executive “The Berkeley Angel Network made the daunt- fessorship at NYU’s Stern Speakers from director, and “The Lunch an Olympic torch bearer. Nieh spent ing task of finding interested investors much easier,” School of Business and investment banking, law, Table: Are Apples Really countless hours in his youth training to says Bhavin Parikh, MBA10, CEO of Internet test-prep Economics Department. and the Securities and More Energy Efficient be an Olympic gymnast before an injury company Magoosh. “I presented my company to over Exchange Commission Than Dells?,” by Catherine sidelined him. Then Nieh co-founded 20 pre-qualified investors and received some funding Students sketched teddy bears, scribbled hit home to students that Wolfram, the institute’s within weeks.” flow charts, and even flapped their the models they would co-faculty director. two nonprofits and became his high Bookmark or subscribe to arms like hawks for the Haas Design design in their careers school valedictorian. At Cal, Nieh teaches would have to incorporate the blog at energyathaas. a leadership course and runs a national Students and Innovation Strategy Club’s first elements of new, very wordpress.com. Spotlight on campaign to collect school supplies for Latin America innovation tournament in San Francisco complex regulations, says Executive MBA students in need. Students’ BUY STOCK in March. Their challenge: help Autodesk Lecturer Greg La Blanc, who taught the class. New Program 9 growing use the cloud and the crowd to help Students also learned Launched interest in Latin America Online2 Learning from cases and group Haas has just has combined with the far-flung teams work better together. projects that ethics are 6 launched a new Haas School’s expand- Teams had 30 seconds to make pitches Haas Foray rarely black and white Berkeley MBA for Execu- ing network in the region Rankings10 and returned for multiple rounds. Each into Digital and often extend beyond tives Program. Hundreds to enable students to Second in time, judges prodded them to go further. an individual to involve an of individuals already organize a Latin American Haas is launching two organizational failure. have expressed interest Business Conference for U.S. News The team of students who flapped their digital courses on a pilot basis in the program, an- three consecutive years. Mike Pesky, MFE 12, The Evening & Weekend wings soared to victory with their proposed to optimize the teaching opportunities offered by this nounced earlier this year The latest installment, on was among the many Berkeley MBA Program game-changing medium. with the decision to end Feb. 24, included keynote