Haas NewsWire

Haas NewsWire, February 20, 2001

Sun's John Gage to Speak at Haas
Schwab Co-CEO David Pottruck to Speak at Haas School's 2001 Commencement
Haas Undergrads Win Local Arthur Andersen Competition, Will Compete Nationally
Patsy Shaughnessy Retiring From Haas
Alumni News
Haas in the News
Happening at Haas

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John Gage, chief researcher and director of the Science Office for Sun Microsystems, will talk about "What's Next for the Dot-Coms" as part of the Business Faculty Research Dialogue on Friday, February 23, 2001, at 4:00 p.m. in the Arthur Andersen Auditorium.

At Sun, Gage maintains relationships with world scientific and technical organizations, handles international public policy and governmental relations in the areas of scientific and technical policy, and builds alliances with the world's leading research institutions. In 1995, Gage created NetDay to bring the resources of the world's high-technology companies to all schools and libraries by connecting them to the Internet. Since then over 500,000 volunteers have wired more than 50,000 schools and libraries in the United States.

Gage has many UC Berkeley connections. He earned a BS from the College of Natural Resources in 1975. He also did doctoral work in mathematics and economics. As a student, Gage met Bill Joy, who later co-founded Sun Microsystems. Shortly after its founding, Gage joined Joy at Sun in 1982 and has been a key player in the company's success. Gage's wife Linda Schacht earned a BA in Social Sciences in 1966 and an MA in journalism in 1981. An Emmy-award-winning journalist, she now teaches part-time at the journalism school.

Gage and Sun Microsystems have been long-time supporters of Haas. Sun has made gifts to Haas in the amount of nearly $400,000, benefiting the Annual Fund, the MOT program, a fellowship fund, and various research activities. Sun also was a sponsor of Leading Edge in 1999 and 2000.

Gage recently talked to Red Herring about his NetDay initiative and his thoughts on distance learning and online education. To read the interview, go to http://www.redherring.com/industries/2001/0213/ind-mag-92-sun021301.html.

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David S. Pottruck, president and co-CEO of the Charles Schwab Corp. and one of the world's most celebrated business executives, will speak to the Haas School's Class of 2001 at commencement ceremonies on Sunday, May 20.

"We are delighted that David Pottruck has agreed to address the graduating students and their families, especially since he and the Charles Schwab Corp. have been great friends and supporters of the Haas School," said Dean Laura Tyson in making the announcement. Schwab has been one of the major hiring firms of Haas students.

About 700 degrees will be awarded at the commencement ceremony to undergraduate and graduate students from the school's four major academic programs.

Dean Tyson said that "under David Pottruck's superb management, Charles Schwab Corp. has been a leader in transforming itself with new information technologies -- a topic that has been central to the teaching and research at the Haas School."

Pottruck is credited with turning Schwab's online business from a sideline into the soul of the company. Indeed, the Charles Schwab Corp. is now the nation's largest online brokerage. Pottruck created a "startup" unit within the firm to build the online presence, launching trading over the Internet in 1996.

Pottruck shares the co-CEO title with company founder Charles Schwab, who is also chairman.

Pottruck was named one of the Top 25 Managers of the Year by Business Week in January. According to the magazine: "Pottruck runs the day-to-day operations with the energy that befits the honorary captain of the US wrestling team at the Sydney 2000 Olympics."

Pottruck also has received significant recognition by other national business magazines. Morningstar named him "CEO of 1999." He was named the "Most Influential Executive" in the entire Mutual Fund industry (Smart Money), one of the "Smartest People on Wall Street" (Worth), "The Man on Wall Street" (Fortune) and a member of the "e.biz 25" (Business Week). In the past few months, Charles Schwab Corp. was named company of the year by Forbes, as well as one of Fortune magazine's Top Ten best companies to work for.

Since Pottruck became president of the firm in 1992, client assets have increased from $48 billion to $961 billion (as of September 2000). Annual revenues have compounded at 27 percent per annum and net income has compounded at 33 percent. The market capitalization of the firm has grown from less than $1 billion to over $40 billion. For the decade of the '90's, Schwab's total return to shareholders was among the top 15 publicly traded companies.

Pottruck and Haas School Lecturer in Communication Terry Pearce were co-authors of a recent book, Clicks and Mortar: Passion Driven Growth in an Internet Driven World.

Pottruck recently announced a gift of $50,000 a year for the next ten years to the Haas School in honor of Pearce. The gift will launch the Pearce Initiative for Leadership Development to provide programmatic support in the area of leadership at the Haas School.

After graduating with a BA from the University of Pennsylvania in 1970, Pottruck went on to receive his MBA with honors from Wharton in 1972. Prior to joining Schwab in 1984, he was senior vice president of consumer marketing and advertising for Shearson/American Express.

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Haas undergrads Annabelle Louie, Tina Tong, and Elizabeth Leung won the Arthur Andersen Business Consulting Case Competition at UC Berkeley on February 5. The trio will travel to St. Charles, Illinois, to represent Northern California at the Arthur Andersen National Business Consulting Challenge later this month.

Nine UC Berkeley teams participated in the challenge to design a world-wide E-commerce/information technology strategy for Blockbuster, be it a business-to-business, business-to-consumer, or internal strategy or a combination thereof. All teams went through a series of meetings with Arthur Andersen staff and gained access to Arthur Andersen resources to address the challenge. After drawing up their solutions, teams had to answer questions from an Arthur Andersen project manager and make a 10-minute presentation to Blockbuster's senior management team. The winning team was awarded a $1,000 grand prize.

The national event takes place February 28 through March 3, 2001, at Arthur Andersen's Center for Professional Education in St. Charles, Illinois. The winning National Business Consulting Challenge team will take home a grand prize of $5,000 and a $20,000 scholarship for its university.

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After 28 years of service to UC Berkeley, 14 of which she spent at the Haas School, Patsy Shaughnessy is retiring at the end of February. The entire Haas community is invited to attend her retirement party on February 26 at 3:00 p.m. in the Wells Fargo Room.

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Scott Adams, MBA 86, ranked 31st among the top 50 of the world's management gurus in a Suntop Media survey, released by Financial Times Dynamo. Adams' Dilbert cartoon has 150 million readers in 57 countries and has spawned the Dilbert TV show on UPN, 4 best-selling books, an online newsletter, and the Dilberito, a vegetarian burrito with 23 vitamins and minerals.

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Severin Borenstein, E.T. Grether Professor in Public Policy and Business Administration and director of the UC Energy Institute, was interviewed on the KCBS Radio program "In Depth" on Feb. 18 and on NPR's Marketplace about California's proposed purchase of the electricity grid on Feb. 19.

Pablo Spiller, the Joe Shoong Professor of International Business and Public Policy, was quoted in the San Francisco Chronicle on Sunday, February 4 on Governor Gray Davis' reaction to the power crisis.

Spiller also appeared on the Channel 5 news and on Pete Wilson's KGO radio show.

The New Republic magazine mentioned Laura Tyson in its Feb. 19 issue. The article, "Sweet Nothing," was about President Bush's relationship with the congressional Democrats.

Dean Tyson's regular column in Business Week for Feb. 19 issue was titled "The Surplus? Make It a National Savings Account." Tyson explained why Greenspan is calling for surplus-lowering initiatives.

Professor David Aaker was quoted in the New Zealand Herald on Feb. 15 in the article "Singing the Same Tune Pays Off" about product branding.

Severin Borenstein appeared in the Sacramento Bee on Feb. 13 commenting on power lines ownership.

An article titled "Getting a College Degree: Rich vs. Poor," in the Gannett Newswire (Feb. 13) mentioned the study, "The Impact of Paying for College on Family Finances," authored by Laura Tyson and Joseph Stiglitz.

Severin Borenstein was featured in the Industry Standard on Feb. 12 in "California's Dark Days Lie Ahead." Click here to read the story http://www.thestandard.com/article/display/0,1151,22098,00.html.

Borenstein also spoke about natural gas in the Chicago Tribune in a piece titled "Natural-Gas Prices Show Some Relief."

Catherine Wolfram, assistant professor of economic analysis & policy, was quoted in the San Francisco Chronicle on Feb. 12. Wolfram commented on the privatization of public power. You can read the story at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/02/12/MNE108994.DTL

Severin Borenstein appeared on KGO radio and on NPR's California Report, discussing power fixes, on Feb. 8.

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