Haas NewsWire


Haas NewsWire, March 13, 2006



Professor Berk’s Finance Article Named Best Ever by Journal, Oxford Press


Professor Jonathan Berk

Haas School Finance Professor Jonathan Berk’s 1995 article, “A Critique of Size-Related Anomalies,” has been named one of the two best articles ever published in the Review for Financial Studies, announced Matthew Spiegel, executive editor of the Review, on March 10.


As a result, Berk’s article will be included in a planned book by Oxford University Press, the publisher of the Review for Financial Studies and many other academic journals, to celebrate the 100 best papers ever published in its journals.


Berk’s paper argues that the size-related regularities in asset prices should not be regarded as anomalies. His findings laid an important foundation for future research in this area. His article was nominated by Matthew Spiegel, executive editor of the Review of Financial Studies. Spiegel teamed up with past and present editors of the journal, including Haas finance professor Terrance Odean, to determine the two top papers.


According to the March 10 announcement from Spiegel on the Review of Financial Studies website, the editorial team covered “not just citations, but how papers changed the way people thought about problems and which papers had an impact at the time but are now part of literatures that have faded away.”


Dean Tom Campbell says of the honor, “I could not be happier or more proud for our school, especially since Professor Berk’s paper was solo-authored.”


The Review of Financial Studies is ranked among the top journals in business and finance by the Citation Index compiled by the Institute for Scientific Information. “A Critique of Size-Related Anomalies” ran in the summer 1995 issue of the journal (Vol. 8, No. 2).


Jonathan Berk, who holds the Harold Furst Associate Chair in Management Philosophy and Values, was also recently honored with a 2005 TIAA-CREF Paul A. Samuelson Award for O utstanding Scholarly Writing on Lifelong Financial Security for his article “Mutual Fund Flows and Performance in Rational Markets.” The article, co-authored with Richard C. Green of Carnegie Mellon University, was published in the Journal of Political Economy in December 2004.

The Paul A. Samuelson Award was presented at the Allied Social Science Associations' annual meeting in Boston on January 6. It is named after Nobel Prize winner Paul Samuelson in honor of his achievements in the field of economics and his service as a CREF trustee. TIAA-CREF, which stands for Teachers Insurance and Annuities Association—College Retirement Equities Fund, is a group of companies providing investment and insurance services.

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Seventh Annual Housing Conference To Focus on Managing Catastrophe, March 24


The seventh annual Berkeley Conference on Housing and Urban Policy, titled "Risking House and Home: Managing Catastrophe in the American Metropolis" will take place on Friday, March 24, from 9:00 a.m. to 3:30 p.m. in the Arthur Andersen Auditorium.


Participants will explore preparedness for future disasters, coordination of catastrophe response and managing emergency shelter needs, disaster recovery and the disadvantaged, and policies guiding government financial response to disaster.


The conference will also commemorate the anniversary of the 1906 San Francisco earthquake and fire, and address critical issues rekindled by Hurricane Katrina and other recent disasters. 


Mary Comerio, a UC Berkeley professor of architecture and noted expert on disaster and recovery policies, will deliver the keynote address. Lawrence Vale, a professor of urban studies and planning at the Massachusetts Institute of Technology (MIT), will talk about disaster recovery and the disadvantaged.  Panelists include leaders from the American Red Cross, other non-profit disaster-preparedness organizations, and the housing development and finance sectors.

Registration is required via http://urbanpolicy.berkeley.edu. The conference is free for all UC Berkeley students, faculty, and staff.



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UNIDO/MOT Fellows Take Tech Ideas to the Developing World


Six interdisciplinary teams of UC Berkeley students will fan out across the globe on field assignments this summer to apply their technology innovations to issues facing developing regions as part of their MOT/UNIDO fellowships.


These research fellowships are a key part of the three-year-old joint effort between UC Berkeley’s Management of Technology Program (MOT) and the United Nations Industrial Development Organization (UNIDO) that culminates in an annual conference called Bridging the Divide. This year’s conference will take place on April 7 and 8 at the Haas School.


The 2006 MOT/UNIDO teams will present their proposed projects at a poster session at the conference. They will also be joined by the 2005 teams who will present the results of last summer’s field trips.


The 2006 fellowship projects include:

+ Micro-hydro Electrification in Kenya and Tanzania
+ Water Purification in Bangladesh
+ Needleless Jet Injection for Immunization in Namibia
+ Cleaner Burning Biomass Stoves in India
+ Point-of-Care Diagnostic for Screening Dengue Fever in Ecuador
+ Geographic Information Systems (GIS) to Predict Malaria Outbreaks in India


This year’s Bridging the Divide conference will include keynote speeches and panel discussions that will focus on four key areas: public health, energy, the environment, and information technology.


The conference is organized at Berkeley by the Management of Technology Program, a joint graduate program of the Haas School of Business, the College of Engineering, and School of Information. Sponsors for Bridging the Divide include Cisco Systems, Hewlett Packard, Intel, Roche, Google, Johnson & Johnson, Chevron, Microsoft, Hitachi, IBM, NEC, Panasonic, and Flextronics.


Conference information and registration can be found at http://bridge.berkeley.edu/.


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New Loans Include Option for International Berkeley MBA Students


The Haas School, in conjunction with a group of University of California professional schools and the Student Loan Marketing Association (Sallie Mae), will offer new student loan opportunities to Berkeley MBA, effective July 1, 2006.


The new offering includes a no-cosigner option, enabling international students to borrow up to the cost of tuition and required fees.


"I do want to admit that the new plan does not include all that we sought to accomplish," says Dean Tom Campbell in an announcement to Berkeley MBA students. “Nevertheless, it opens up a path not available before. And we will continue to lobby for improvements to the program in the future.”


Dean Campbell noted that the Haas School's Director of Financial Aid Debi Fidler has been instrumental in keeping this issue at the forefront of discussions among UC professional school financial aid directors and the UC Office of the President, ultimately resulting in these new loan options.


Additional details and applications will be posted on the financial aid website as they become available between now and July 1. 


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Haas School Faculty Recognized for Teaching Excellence


Student ratings of the classroom experience placed 100 of the faculty teaching in fall 2005 in Club Six, a designation established to honor Haas faculty members who distinguish themselves through their teaching.


The faculty members qualified for Club Six membership by receiving a median student teaching evaluation rating of at least 6 on a scale of 1 to 7, according to Andy Shogan, associate dean for instruction.


In fall, 30 faculty members earned the highest possible score, a median score of 7, in at least one course. Three faculty further distinguished themselves by earning a median score of 7 in two courses. They are Meghan Busse, Holly Schroth, and Steven Tadelis.


These are the faculty members earning a median score of 7 in at least one course:


Undergraduate: Cristina Banks, Management of Human Resources; Stephen Etter, Corporate Finance and Financial Statement Analysis; Jack Phillips, Business Ethics for the 21st Century; Holly Schroth, Introduction to Organizational Behavior and Negotiation and Conflict Resolution; and Steven Wood, Macroeconomic Analysis for Business Decisions.


Full-time MBA: John Danner, Entrepreneurship Workshop for Start-ups; Richard George, Global Financial Services; Rashi Glazer, Marketing Management; Andrew Isaacs, Marketing for High-Tech Entrepreneurs; John Morgan, Game Theory Approaches in Bargaining; William Rosenzweig, Social Venture Development; Steven Tadelis, Economics for Business Decision-Making; Suneel Udpa, Managerial Accounting; Sanjay Unni, Investments; and Xiao-Jun Zhang, Financial Accounting.


Evening MBA: Steven Blank, Customer Development in High-Tech Enterprise; Meghan Busse, Competitive Strategy; Jack Fuchs, Entrepreneurship; Richard George, Global Financial Services; Michael Katz, Strategy in Network Markets; Robert Majteles, Customer Development in High-tech Enterprise; Ronald Star, Entrepreneurship; Sanjay Unni, Investments; Catherine Wolfram, Economics for Business Decision Making.


Weekend MBA: Meghan Busse, Economics for Business Decision Making.


Berkeley-Columbia Executive MBA: Jennifer Chatman, Creating Effective Organizations.


Master's in Financial Engineering: Richard Lyons, Equity and Currency Markets; Domingo Tavella, Advanced Computational Finance.


Ph.D.: Hai Che, Research Seminar in Marketing; Ernesto Dal Bó, Institutions, Interest Groups, and Public Policy; Thomas Davidoff, Doctoral Seminar in Real Estate; Bronwyn Hall, Innovations Seminar; David Mowery, Innovations Seminar; Steven Tadelis, Research Seminar in Business and Public Policy; Nancy Wallace, Doctoral Seminar in Real Estate.


The complete list of the faculty in Club Six can be found at https://ssl.haas.berkeley.edu/groups/adaa/Club6Fall05.pdf (for the Haas School community only).


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Speeches by Rodrigo de Rato and Paul Otellini Available on the Haas Website


The recent speeches by Intel CEO Paul Otellini and Managing Director of the International Monetary Fund Rodrigo de Rato, both MBA 74, are now available in the Haas School's video room at http://www.haas.berkeley.edu/haas/video_room/.


Otellini spoke on February 1 and Rato on February 3, 2006. Both spoke at the Haas School as part of the Dean's Lecture Series.


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Faculty News


Lecturer Timothy Dayonot to Mediate $700 Million State Dispute


Timothy Dayonot, a Haas School lecturer who teaches negotiations and conflict resolution, has been selected by the State of California to mediate a major dispute involving the annual distribution of $700 million in federal funds for child support services in California.


The dispute centers on the allocation formula that the California Department of Child Support Services uses when distributing the funds to local counties. Prior to being selected to mediate this dispute, Dayonot was hired by the state to conduct an intensive negotiation workshop attended by the directors of each local child support agencies (52 counties in total) and to facilitate a post-workshop discussion that led to the decision to submit the dispute to formal mediation.


Dayonot teaches in the Berkeley Evening & Weekend MBA Program.


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Haas in the News


Peter Sealey, adjunct professor in the Haas Marketing Group, was quoted in a Business Week article, titled "Gauging Google's Gaffes," about how Google communicates with the public that was published on March 10. Full article at http://www.businessweek.com/technology/content/mar2006/tc20060309_009568.htm.


Terry Odean, professor in the Haas Finance Group, was mentioned a March 9 New York Times article titled “The Difference Between Men and Women, Revisited: It's About Competition,” regarding how women and men behave differently in the stock market. For full article: http://www.nytimes.com/2006/03/09/business/09scene.html?_r=1&oref=slogin


Dean Tom Campbell was quoted in a March 7 San Francisco Chronicle article titled “Fiery GOP representative won't pursue 15th term. Bakersfield's Thomas - influential leader of Ways and Means.” For full article: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/03/07/MNGAFHJJLB1.DTL


Sealey was interviewed on March 7 by ETTV America regarding the environmental group called the Compact.


Ben Hermalin, the Willis H. Booth Professor of Banking and Finance, was quoted in a March 6 CFO.com Magazine article titled “Executive Loans Can Run Both Ways.” For full article: http://www.cfo.com/article.cfm/5597721?f=home_featured


Dwight Jaffee, the Willis Booth Professor of Banking, Finance, and Real Estate, was mentioned in a March 3 Wall Street Journal article titled “Debate over Fannie, Freddie Takes Place in the Extremes.” For full article: http://online.wsj.com/article_print/SB114134185881288036.html (requires login)


David Vogel’s new book The Market for Virtue: The Potential and Limits of Corporate Responsibility was mentioned in news outlets:
+ March 3 National Review Online article titled “Is CSR A-Ok?” For full article: http://www.nationalreview.com/comment/post200603030839.asp
+ February 24 Central Valley Business Times article titled “Research: Do good and you don’t necessarily do well.” For full article: http://www.centralvalleybusinesstimes.com/stories/001/?ID=1425


Henry Chesbrough, adjunct professor and executive director of the Center for Open Innovation, was featured in a March 2 Science Business article titled “'Proudly Found Elsewhere': the move to distributed R&D.” For full article: http://bulletin.sciencebusiness.net/ebulletins/showissue.php3?page=/548/art/5020


Severin Borenstein, the E.T. Grether Professor of Business Administration and Public Policy, was quoted in various new outlets regarding a higher federal gasoline tax:
+ February 28 New York Times article titled “Americans Are Cautiously Open to Gas Tax Rise, Poll Shows.” For full article: http://www.nytimes.com/2006/02/28/national/28gas.html?_r=1&oref=slogin
+ February 28 Philadelphia Inquirer article titled “The struggle to quit oil.” For full article: http://www.philly.com/mld/inquirer/business/13977575.htm
+ February 26 Contra Costa Times article titled “Profits don’t always rise with gas prices.” For full article: http://www.contracostatimes.com/mld/cctimes/news/local/states/california/13960158.htm?template=contentModules/printstory.jsp
+ February 26 Middle East North Africa Financial Network article titled “Oil independence is possible, but does America want it bad enough?” For full article: http://www.menafn.com/qn_news_story.asp?StoryId=Crae10eicru5fuKDz#top


David Teece, the Mitsubishi Bank Professor of International Business and Finance, was mentioned in a February 8 National Grid for Learning article titled “Head north for education technology show.” For full article: http://www.ngfl.gov.uk/news.jsp?sec=5&cat=99&res=92505


MBA student Conrad Young, former dean Laura Tyson, and Center for Responsible Business Executive Director Kellie McElhaney were mentioned in a February 7 Ethnical Corporation Magazine article titled “By Invitation: MBA’s drive social responsibility in California.” For full article: http://www.ethicalcorp.com/content.asp?ContentID=4082 (requires login)


Terrance Odean, professor in the Haas Finance Group, was interviewed by KTVU Channel 2 News on March 2 about why some consumers resort to seek the services of pay-day companies, which grant loans on future paychecks against very high interest rates.


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Happening at Haas


MANAGEMENT OF TECHNOLOGY LECTURE SERIES
Consumer Intelligence by Dick Buell, Catalina Marketing
Wednesday, March 15
4:00 p.m. to 6:00 p.m.
Wells Fargo Room
For more information, contact Susan Reneau at sreneau@haas.berkeley.edu.


NET IMPACT FIRM NIGHT ATTRACTS SOCIALLY RESPONSIBLE FIRMS TO CAMPUS
More than 20 firms will converge on the Bancroft Hotel in Berkeley for the Net Impact Firm Night on Tuesday, March 21 from 6:30 p.m. to 8:30 p.m.
The annual Net Impact Firm Night, co-sponsored by the Center for Responsible Business, is a great opportunity for companies to connect with exceptional MBA students who are the future leaders in combining corporate citizenship and social responsibility with business strategy.
Send e-mail to firmnight2006@hotmail.com for more information on the event. Firm Night is only for current Haas School Net Impact members.  Berkeley graduate students can get a one-year membership at the door for $15.


BERKELEY ENTREPRENEURS FORUM
“Presentation of the 2006 Lifetime Achievement in Entrepreneurship & Innovation Award”
Thursday, March 23
6:30 p.m. to 8:30 p.m.
Arthur Andersen Auditorium
For more information, visit http://entrepreneurship.berkeley.edu/bef.asp.


BERKELEY CONFERENCE ON HOUSING AND URBAN POLICY
"Risking House and Home: Managing Catastrophe in the American Metropolis"
Friday, March 24
9:00 a.m. to 3:30 p.m.
Arthur Andersen Auditorium
For more information, visit http://urbanpolicy.berkeley.edu/2006conference.htm or contact housing@haas.berkeley.edu.


Seminars


SEMINAR IN ECONOMIC ANALYSIS AND POLICY
Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?” by Chad Syverson, Chicago GSB
Wednesday, March 15
2:00 p.m. to 3:30 p.m.
Cheit Hall 250
For more information, contact Carol Chapman at chapman@haas.berkeley.edu.


SEMINAR IN ORGANIZATIONAL BEHAVIOR AND INDUSTRIAL RELATIONS
Jack Glaser, Goldman School of Public Policy
Wednesday, March 15
4:00 p.m. to 5:30 p.m.
Cheit Hall 330
For more information, contact Deborah Houy at houy@haas.berkeley.edu.


FINANCE SEMINAR
"The Myth of Long Horizon Predictability" by Matthew Richardson, New York University
Thursday, March 16
4:10 p.m. to 5:40 p.m.
Cheit Hall 220
For more information, contact June Wong at june@haas.berkeley.edu.


OITM Seminar
"Capacity Investments and Auction Design in Procurement Contracts" by Sudheer Gupta, Visiting Assistant Professor, Haas School
Thursday, March 16
11:00 a.m. to 12:30 p.m.
S489
For more information, contact Alysia Nero at anero@haas.berkeley.edu.


INSTITUTIONAL ANALYSIS WORKSHOP
Regulatory Harmonization and the Development of Private Equity Markets by Douglas Cumming, RPI
Thursday, March 16
4:10 p.m. to 6:00 p.m.
Cheit Hall 325
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.


SHANSBY MARKETING SEMINAR SERIES
Wilfred Amaldoss, Duke University
Friday, March 17
4:00 p.m. to 5:30 p.m.
Cheit Hall 250
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu.


SEMINAR IN ECONOMIC ANALYSIS AND POLICY
“US News Rankings and College Competition” by Ginger Jin, Maryland
Wednesday, March 22
2:00 p.m. to 3:30 p.m.
Cheit Hall 250
For more information, contact Carol Chapman at chapman@haas.berkeley.edu.


SEMINAR IN ORGANIZATIONAL BEHAVIOR AND INDUSTRIAL RELATIONS
Stephen R. Barley , Stanford University
Wednesday, March 22
4:00 p.m. to 5:30 p.m.
Cheit Hall 330
For more information, contact Deborah Houy at houy@haas.berkeley.edu.


FINANCE SEMINAR
Robert Goldstein, University of Minnesota
Thursday, March 23
4:10 p.m. to 5:40 p.m.
Cheit Hall 220
For more information, contact June Wong at june@haas.berkeley.edu.


INSTITUTIONAL ANALYSIS WORKSHOP
Impact of Labor Contracts on Property Rights: Commercial Fisheries by Sylvia Brandt, University of Massachusetts and University of Berkeley
Thursday, March 23
4:10 p.m. to 6:00 p.m.
Cheit Hall 325
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.


SHANSBY MARKETING SEMINAR SERIES
K. Sudhir, Yale University
Friday, March 24
4:00 p.m. to 5:30 p.m.
Cheit Hall 250
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu.


SEMINAR IN ORGANIZATIONAL BEHAVIOR AND INDUSTRIAL RELATIONS
Nydia MacGregor, Erika Henik
Wednesday, April 5
4:00 p.m. to 5:30 p.m.
Cheit Hall 330
For more information, contact Deborah Houy at houy@haas.berkeley.edu.


FINANCE SEMINAR
“Securities Auctions under Moral Hazard: Theory and Experiments” by John Morgan, Haas School of Business
Thursday, April 6
4:10 p.m. to 5:40 p.m.
Cheit Hall 220
For more information, contact June Wong at june@haas.berkeley.edu.


INSTITUTIONAL ANALYSIS WORKSHOP
Make or Buy in Movies by Richard Gil, UCSB
Thursday, April 6
4:10 p.m. to 6:00 p.m.
Cheit Hall 325
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.


SHANSBY MARKETING SEMINAR SERIES
“Neural antecedents of financial decision-making” by Brian Knutson, Stanford University
Friday, April 7
4:00 p.m. to 5:30 p.m.
Cheit Hall 250
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu.


SEMINAR IN ORGANIZATIONAL BEHAVIOR AND INDUSTRIAL RELATIONS
Andrew Hargadon, UC Davis
Wednesday, April 12
4:00 p.m. to 5:30 p.m.
Cheit Hall 330
For more information, contact Deborah Houy at houy@haas.berkeley.edu.


FINANCE SEMINAR
Clemens Sialm, University of Michigan
Thursday, April 13
4:10 p.m. to 5:40 p.m.
Cheit Hall 220
For more information, contact June Wong at june@haas.berkeley.edu.


INSTITUTIONAL ANALYSIS WORKSHOP
Succession Rules and Leadership Rents by Stergios Skaperdas, UC Irvine
Thursday, April 13
4:10 p.m. to 6:00 p.m.
Cheit Hall 325
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.


Alumni Events


SAN FRANCISCO ALUMNI
Haas Connections Evening
Thursday, March 16
6:30 p.m. to 10:00 p.m.
Sailor's Landing, 305 Harbor Drive, Sausalito
San Francisco alumni are invited to our monthly networking and socializing evening. Reconnect with friends and meet new alumni. This is always a fun evening.


BAY AREA ALUMNI
Boalt Conference “Post-Enron Corporate Regulation – Has the Pendulum Swung Too Far (or Not Far Enough)?”
Friday, March 17
8:15 a.m. to 5:30 p.m.
Boalt Hall School of Law
Keynote Speaker: Harvey Goldschmid, Former SEC Commissioner; Dwight Professor of Law, Columbia University School of Law. This conference will bring together for the first time practitioners, economists, regulators, corporate law scholars and other experts to discuss and debate the effect of Sarbanes-Oxley and related regulation enacted in the wake of Enron and other late nineties scandals.
To register, go to http://www.law.berkeley.edu/centers/bclbe/symposia/postenron/register.html.
For more information, contact Theresa Molino at tmolino@law.berkeley.edu, or 510-643-8138.


SAN FRANCISCO BREA/HAAS ALUMNI
First Annual Investment Outlook: Debate between Ken Rosen and Peter Linneman, "Real Estate Market: Boom or Bust?"
Tuesday, March 21
5:00 p.m. to 7:30 p.m.
Colonial Room, Westin St. Francis Hotel, 335 Powell Street, San Francisco
A debate between the nation’s two most prominent real estate economists, Ken Rosen and Peter Linneman. Evening includes a cocktail reception and debate. Sponsored by Berkeley Real Estate Alumni Association, Wharton/Penn Real Estate Group of Northern California and San Francisco Chapter of the Haas Alumni Network.
For more information, contact Eric Cress at eric@pacbayinv.com.


EAST BAY ALUMNI
Career Transition Series: Finding Your Right Path Forward
Tuesday, March 28
6:30 p.m. to 8:00 p.m.
S489, Haas School of Business
The East Bay Alumni Chapter invites all alumni to the Career Transition Series: Finding Your Right Path Forward. The speaker Ron Elsdon, Ph.D. is the founder of Elsdon Organizational Renewal and New Beginnings Career and College Guidance. Elsdon specializes in the career and workforce development fields, providing individual coaching and career counseling, organizational consulting, public speaking, publishing and lecturing. The cornerstone of career fulfillment is clarity about what is important and meaningful and then translating that into action. In this session we will explore various approaches to building clarity about future paths drawing on past experience to inform present and future decisions.
To register, go to http://www.acteva.com/booking.cfm?bevaid=105854. Space is limited, so register soon.
For more information, contact Jason Chang at jasonchang@mba.berkeley.edu or 510-264-4136.


NEW ENGLAND ALUMNI
Cross-Business School Happy Hour
Tuesday, April 4
6:00 p.m. to 9:00 p.m.
Julien Bar and Lounge, Langham Hotel, 250 Franklin Street, Boston
Join alums from Wharton, Sloan (MIT), INSEAD, IMD, Stanford, Stern, (NYU), Tuck (Dartmouth), SOM (Yale), London Business School, Johnson (Cornell), Fuqua (Duke), Harvard, and Columbia for the monthly Cross-Business Happy Hour. It is a great way to meet and mingle with alums from Haas and other business schools.
For more information, contact Karen O'Brien at karen_obrien@usa.net.


BAY AREA ALUMNI
Eighth Annual Haas Nonprofit and Public Management Student-Alumni Leadership Dinner
Tuesday, April 11
6:00 p.m. to 9:00 p.m.
Bancroft Hotel, 2680 Bancroft Way, Berkeley
Save the date for the Eighth Annual Haas Nonprofit and Public Management Student-Alumni Leadership Dinner. This event connects students, alumni and community leaders. The keynote speaker will be James E. Canales, President and CEO, The James Irvine Foundation. Hosted by the Nonprofit and Public Management Program in conjunction with Net Impact and the Alumni Relations Office at the Haas School of Business. More details to come soon.
For more information, please contact Nora Silver at silver@haas.berkeley.edu or Simona Chin at sichin@haas.berkeley.edu.


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The Haas NewsWire is the electronic news weekly for the Haas community published every Monday by the Marketing and Communications Office at the Haas School. Send your news, feedback, and suggestions to haasnews@haas.berkeley.edu .


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