OlinBusiness2007 magazine By Process of Innovation In This Issue: Faculty Research 8 Women in Business 20 EMBA-Shanghai Program 24 FROM THE DEAN OLIN BY THE NUMBERS reetings from Olin Business Business Engagement: We will marketplace – consistently, repeatedly Research Productivity – Olin faculty is widely School, and welcome to expand business-involved, applied and signifi cantly. # regarded and frequently cited as among the best, 3 including by Academic Analytics’ “Faculty Scholarly G OlinBusiness Magazine. The goal learning signifi cantly. Career ladders Productivity Index,” which ranked Olin third of OlinBusiness is to create connections are accelerating and businesses want Facilities: We will invest in a (The Chronicle of Higher Education, 2007). – with people, ideas and the many excit- graduates who can hit the ground bold, innovative core facility that SAT Scores – Average scores of Olin’s incoming ing initiatives underway at Olin. At the running. That makes business-involved accommodates growth, ensures # freshmen are the second highest among the top of that list is connecting you with learning more important than ever. competitiveness and refl ects the 2 nation’s top BSBA programs (BusinessWeek, 2007). our plan for the business school’s future. We will work with companies regularly collaborative, innovative organization Career Placement – Almost all BSBA job seekers in the classroom and in research we aspire to be. Given that space is a hold offers within 90 days of graduation. We have been working with our Na- projects. We will establish more prerequisite to implementing much 98% In Mainland China – Olin’s EMBA-Shanghai tional Council, faculty, staff, alumni and faculty-involved internships like the of the plan’s central vision, we are # Program ranked number one in mainland China students to develop Olin’s long-range International Internship Program. Our accelerating our pace on new facilities. 1 and eighth in the world (Financial Times, 2006). plan, which we will present to University research centers will create innovative Open-Enrollment Executive Education – Olin trustees beginning in December, for fi - opportunities for students to collaborate The result: Expanding the intersection # ranked second nationally and internationally nal adoption in 2008. Our vision is to ex- with faculty and businesses. of faculty, students and business will 2 (Economist Intelligence Unit, 2006). pand the intersection of faculty, students invigorate teaching and research, MBA Applications – Nearly 1,000 applications and business – connecting students Collaboration: We will build strategic create fascinating applied-learning up were received for 140 slots in the 2007-08 full-time and business with the superior research relationships systematically with opportunities for students, enhance 70% program. capabilities of our faculty, and bringing business and alumni and across career placement and better position OlinBusiness the business world into the center of Washington University. Collaborative Olin to serve business. Programs will magazine the Olin experience. Our plan is built relationships and communication open increase in quality, stature, size and on seven strategies that collectively will the frontier. We will create opportunities selectivity, attracting students who want Karen Branding, Associate Dean and FEATURES position the business school to attract inside and outside the classroom to to learn through impactful connections Director of Marketing and Communications the very best students and faculty and partner with and serve business and the with faculty and business. Olin will be an 12 BY PROCESS OF INNOVATION provide the very best learning experi- community. We will broaden and deepen ever more vital, intellectual enterprise Jill Pfeiffer, Editor Beth Rauhut, Assistant Editor According to a panel of faculty experts, innovation ence, career opportunities and contribu- alumni engagement. We will leverage of the University; a stronger partner is a systematic and teachable process that drives tion to business and the community. the capabilities of our sister schools at and contributor to the community; and DESIGN organizational growth and performance. Washington University for mutual gain a world-class research institution that Chuck Hart Jager Creative (cover) Research: We will infuse research rigor and strategic differentiation. advances business globally. Michael Kilfoy 18 DRIVING GROWTH, BUILDING PROFITS and skills into the learning experience. Barbara Northcott Olin’s Custom Executive Programs provide targeted busi- Research is the lifeblood of a business Faculty: We will build a larger and Ninety years ago our business school WRITERS ness solutions that create strategic advantage for a wide school, and the scholarly research of more diverse, representative faculty. was established around four principles: Donna Aronoff-Smith range of organizations. Olin’s faculty is regarded as among With research faculty recruitment more analytical rigor, business engagement, Rick Skwiot the best. We will leverage this core competitive than ever, the ability to preeminent faculty and preparation Elaine Swackhammer, BSBA ’00 20 WOMEN IN BUSINESS M.A. Unser competency to meet the demands of attract outstanding faculty and their for business change and complexity. Olin has made gender diversity a priority in all its pro- today’s complex business world. We will families is a victory. We will undertake a These timeless principles continue to PHOTOGRAPHY grams. The goal, say three high-level alumnae, is to establish centers that house signifi cant, concentrated effort to build inspire tremendous opportunities to Ferguson & Katzman encourage more women to pursue careers in business. research on timely business research and teaching faculty during fulfi ll Olin’s mission: Create knowledge Jon Furst Randall Hyman 24 A HIGH DEGREE OF COLLABORATION issues. All of our programs the next several years. In addition, . Inspire individuals . Transform David Stradal The Washington University-Fudan University Executive will incorporate research we will invest in making our culture business. Your involvement will be Washington University Photographic Services MBA Program enhances Asian business leaders’ skills and projects and practicums. and environment more inclusive and central to our success. ILLUSTRATION contributes to China’s development and prosperity. Olin faculty and refl ective of today’s business world. Marc Rosenthal students will be magnets Best wishes, 26 THE OLIN BRAND OF LEARNING: C O N T R I B U T O R S for partners seeking Scholarships: We will increase our Sumi Garg RESEARCH-DRIVEN THINKING, APPLIED rigorously critical investment in scholarships to attract the Amanda Gumbrecht, AB ’07 By creating opportunities to apply research-driven thinking, and innovative very best students, regardless of means. Michelle Hall, AB ’07 Olin’s International Internship Program enables students Jared Kurtz, AB ’08 thinking on Mahendra Gupta Jeremiah Methven, AB ’09 to solve real-world business problems. business Brand: We will build Olin’s brand equity Dean and Geraldine J. and Robert L. Virgil Michelle Weltman, BSBA ’01, MSW/JD ’09 issues. in the national and international Professor of Accounting and Management C O R R E S P O N D E N C E DEPARTMENTS Olin Business School Washington University in St. Louis 2 NEWSWORTHY Campus Box 1162 One Brookings Drive 8 FACULTY RESEARCH AND NEWS St. Louis, MO 63130-4899 23 OLIN PROFILE www.olin.wustl.edu 28 ALUMNI CONNECTIONS 32 CLASS NOTES 40 IN MEMORIAM 41 YOUR CAREER 2007 | 1 OlinBusiness OlinBusiness NEWSWORTHY Olin Aligns Name with Core Ideology and Vision Happy Birthday, Olin! s part of its long-range planning off points for dialogue on the business lin offi cially is a nonagenar- process, Olin engaged stakehold- school’s long-range plan. ian. Washington Univer- Aers in extensive discussions to Olin’s name has changed to better Osity’s business school was clarify its core ideology: its mission and align with its mission and the plan’s vi- founded on March 30, 1917, as the values. (See the long-range plan brief on sion to expand the intersection of faculty, School of Commerce and Finance Page 2.) Faculty, staff, students, parents students and business. Transforming Olin – thanks, in part, to the tenacity and alumni shared School of Business into Thought Leadership of William F. Gephart. For three their perspectives on Olin Business School Conference 2007 years, he waged “who we are, what created a strong, a campaign that we stand for and why impactful statement Presented by Olin faculty members, eventually gained it matters.” Certain about Olin’s central the “Thought Leadership at Olin: support of uni- themes emerged focus. The new logo Innovative Ideas Applied to Business” versity leaders repeatedly and were design gives promi- conference will highlight the latest and overcame used to articulate the Creating knowledge…Inspiring individuals…Transforming business. nence to the Wash- business thinking and cutting-edge obstacles that central tenets of the organization. Six ington University brand equity and also research. Participants will come away can challenge simple words defi ned Olin’s far-reaching refl ects the innovative, current, energiz- from the half-day event with knowl- Olin National Council members Deborah Grossman, EMBA ’91, and Joe Blomker, EMBA ’90 any vision: mission: Create knowledge . Inspire ing atmosphere of Olin. The name of this edge they can apply directly to their demands on individuals