Professor Staw To Receive Lifetime Achievement Award

Professor Barry Staw

Haas School Professor Barry Staw will be honored with the 2008 Lifetime Achievement Award from the Academy of Management for his contribution to the field of organizational behavior. The academy will present Staw with the award at its annual meeting in August in Anaheim, Calif.

Staw, the Lorraine Tyson Mitchell Professor in Leadership and Communication, was selected to receive the award by the academy's organizational behavior division. The division chooses candidates who have published in highly-regarded journals and contribute to the field in ways that complement their scholarship, such as serving on editorial boards or as elected representatives for the Academy of Management. The organizational behavior division is the academy's largest division, with more than 5,500 members.

"We are all very proud to have Barry on our faculty," says James Lincoln, associate dean for academic affairs. "His lifetime achievement award is yet another example of a Haas professor being acknowledged by his peers as a leading-edge creator of theoretical as well as applied business knowledge."

Staw's recent research has focused on creativity and organizational innovation. Staw has been a professor at the Haas School since 1980 and is a member of the school's Organizational Behavior and Industrial Relations Group. He has served on the editorial boards of numerous journals, including the Academy of Management Journal, Journal of Applied Psychology, Organizational Behavior and Human Performance, and The Quarterly Review of Economics and Business.

Prof. Hennessy Awarded Third Brattle Prize for Finance Research

Associate Professor Christopher Hennessy has won his third Brattle Prize in four years for a distinguished paper in the Journal of Finance.

Hennessy, a member of the Haas Finance Group, received the prize for his August 2007 Journal of Finance article titled "How Costly Is External Financing? Evidence from a Structural Estimation," co-authored with Professor Toni M. Whited of the Wisconsin School of Business.

Brattle Prizes are awarded annually by the Journal of Finance for outstanding papers on corporate finance, with the winners chosen by the journal's associate editors. The awards include a $10,000 first prize and two $5,000 distinguished paper prizes. Hennessy received the $5,000 distinguished paper prize at the annual meeting of the American Finance Association, held in January in New Orleans.

"The honor Christopher has received is yet another demonstration of the extraordinarily high quality of the Haas faculty," says James Lincoln, associate dean for academic affairs.

Hennessy was previously honored with Brattle Prizes in 2004 and 2005. He received a distinguished paper prize for his August 2004 Journal of Finance article "Tobin's Q, Debt Overhang, and Investment" and a $10,000 first prize for his June 2005 article "Debt Dynamics," also co-authored with Whited.

Haas Ranks #7 in US News & World Report

The Full-time Berkeley MBA program ranked #7, up from #8 last year, in the 2009 US News & World Report graduate school survey published on Friday, March 28. Haas tied for the #7 rank with Dartmouth College's Tuck School.

The Berkeley Evening & Weekend MBA program ranked #6, tied with DePaul University and the University of Southern California, down from #5 last year. US News ranks part-time MBA programs as part of its specialty rankings that are based entirely on a poll of business school deans and MBA directors.

In additional US News specialty rankings, Haas placed:

#3 in Nonprofit (tied with Northwestern's Kellogg)

#8 in Entrepreneurship

#8 in Marketing

#9 in Finance

#9 in Management

#10 in International

The US News full-time MBA ranking is based on admissions, program, and placement data provided by participating business schools and on a poll of recruiters and of business school deans and MBA directors.

More at

Bob Barde Book Reveals Chinese Immigrant Experience During Exclusion

Immigration at the Golden Gate by Bob Barde

At 20, Quok Shee boarded a ship in Hong Kong, bound for the New World. The year was 1916 and, instead of embarking on a new life of opportunity, she spent over 700 nights, held against her will, at the Angel Island Immigration Station. Officials say immigrants were "detained" but for Quok Shee and thousands of other Asian immigrants, their first experience in America felt like imprisonment.

In his new book, Immigration at the Golden Gate: Passenger Ships, Exclusion and Angel Island, Robert Barde, deputy director of the Institute of Business and Economic Research, uses individual experiences like Quok Shee's as a portal for exploring the immigration process in San Francisco during the time of the Chinese Exclusion Acts of 1882-1943.

Barde introduces readers to Look Tin Eli, head of a Chinese passenger line, who steered his China Mail Steamship Company to success despite the exclusion laws. The book mines the diaries of an Angel Island immigration inspector who recounts his personal struggle between enforcing the laws of exclusion and his own moral compass. Barde's work also explores exclusion "Before Angel Island" when private enterprise used the docks of San Francisco as the station for "processing" immigrants.

Barde also co-authored the "International Migration" chapter for Historical Statistics of the United States and developed the Haas/National Archives web search tool on immigration case files.

Immigration at the Golden Gate: Passenger Ships, Exclusion, and Angel Island is published by Praeger/Greenwood.

MFE Program Welcomes New Class, Finds Jobs for Grads in Tough Market

The Haas School's Master's in Financial Engineering Program welcomed 65 new students this month and bade farewell to the 64 graduates of the class of 2008.

Commencement speaker Stephen Ross, an MIT finance professor and director of Freddie Mac, challenged the new graduates to develop better methods for risk control. "You are graduating at precisely the right time and entering a world that desperately needs your skills," he said.

The graduates have received job offers from companies such as Goldman Sachs, Merrill Lynch, JP Morgan, Lehman Brothers, Barclays Global Investors, Shinsei Bank, and Standard & Poor's. Despite a tough market on Wall Street, 80% of the class had received job offers by their March 14 graduation, says Linda Kreitzman, executive director of the MFE Program. While final data won't be available until June 30, Kreitzman notes that percentage is on par with last year. Average compensation is currently at $161,365.

All 64 members of the class of 2008 had winter internships, and some students will re-join the firms where they interned. Andrew Cowan, MFE 08, will return to the Special Situations Group at Goldman Sachs after working there over the program's 12-week winter break. "Only a handful of quants support a group of several hundred professionals," says Cowan, "so we get to try out many different things."

Kreitzman attributes the successful placement of graduates to the program's strong reputation. "The MFE Program at the Haas School has earned its reputation as the top program in the country because of its unique ability to source very strong and well-rounded candidates to buy-side and sell-side firms in a short timeframe, anywhere in the world," says Kreitzman. "Our students are simply amazing and every year top firms are anxious to snatch them."

As the class of 2008 enters the workforce, 65 new students began their studies March 24 as the eighth MFE class. They bring a wealth of experience, including work as financial analysts for Bank of America, as operations research analysts for Verizon, and as engineers for Northrop Grumman Space Technology.

The MFE students hail from twenty countries and boast an average score in the 93rd percentile on the quantitative portion of the GRE and GMAT. One quarter of the new students hold Ph.D.s, and 34% hold master's degrees.

The year-long Master's in Financial Engineering Program provides students with a comprehensive set of skills to master careers in arbitrage, hedging, options pricing, portfolio management, trading, and dynamic investment strategies in bond, currency, options, and other financial markets. For more information, visit

Heidi Roizen, SkinnySongs CEO and former VC, to Talk on Entrepreneurship, April 4

Heidi Roizen, a Silicon Valley entrepreneur and CEO of start-up SkinnySongs, will discuss entrepreneurship and her career on Friday, April 4, at noon in Arthur Andersen Auditorium.

The Berkeley-Columbia MBA Speaker Series event is open to the Haas community.

Roizen's senior management experience dates back 25 years, when she co-founded software maker T/Maker, a pioneer in early personal computer software. Before selling T/Maker, Roizen spent 13 years as the company's CEO, making her one of the few women CEOs in the technology industry. Then, after more than a decade as a senior vice president at Apple Computers, Roizen spent eight years as a managing partner at Mobius Venture Capital, a technology venture fund that manages $2 billion.

Roizen's latest entrepreneurial venture, SkinnySongs, creates music to inspire women to get and stay in shape. The music, for which Roizen penned the lyrics, has been featured in numerous publications and television and radio broadcasts, including USA Today, the San Francisco Chronicle, and the Martha Stewart Show. With lyrics like "skinny jeans, skinny jeans, you're still hanging 'round, in the back of my closet and that's bringing me down," the songs are not only upbeat and funny but also motivational.

Haas Students, McKinsey Team up to Help Nonprofits

A plan to attract global environmental leaders to a new institute near the Golden Gate Bridge and a strategic blueprint for Green Belt Movement International, which works to reforest Kenya, are among the 11 mission-critical consulting assignments of this spring's Social Sector Solutions class.

The three-unit course for MBA and undergraduate students, known as S3, is co-taught by Nora Silver, an adjunct professor and director of the Center for Nonprofit and Public Leadership, and Paul Jansen, director of the global philanthropy practice at McKinsey & Company. The consulting firm is providing coaches as well as access to its resources.

The course provides hands-on experience for the students, while also offering nonprofits access to intensive consulting services that otherwise might be out of their reach.

"The nonprofits really welcome having this much manpower devoted to the project," says Hans Cole, MBA 08. Cole is the project leader for a team working on marketing the Golden Gate National Parks Conservancy's new retreat center at Fort Baker on the northern side of the Golden Gate Bridge. "They are really letting us take the reins, and they are already using our ideas. There is no substitute for having this kind of real-world experience."

Other projects include developing an expansion plan for Education Pioneers, a revenue-generation plan for Mission Neighborhood Centers (supported by the Levi Strauss Foundation), and an evaluation tool for Lenders for Community Development. The students also are creating marketing plans for the Marine Stewardship Council and Phoebe Hearst Museum, to name a few.

Student teams already have made mid-term progress presentations to their non-profit boards, and will be fine-tuning them for final presentations at the end of April.

This is the second time the S3 course has been offered, but the first time it is being co-taught with McKinsey. For more information on the course, visit

Undergraduates Best Stanford, San Jose State in Case Competition

For the second year in a row, Haas undergraduates defeated Stanford and San Jose State universities to take first place at the annual Deloitte-Cisco "Battle of the Bay" Case Competition, held at Cisco Systems March 14.

The winning team members are Sean Huang, BS 09; Sagar Gupta, BS 10; Wei Li, BS (economics) 09; and Jimmy Shi, BS 10.

To qualify for the "Battle of the Bay" competition, the Haas group competed in and won the eBusiness Case Competition sponsored by Cisco Systems and Deloitte Consulting at the Haas School earlier this spring. Both competitions asked students to create a go-to-market solution for a newly developed software product by Cisco called the Entertainment Operating System (EOS).

The Haas team impressed Deloitte and Cisco executives with its marketing theme and pricing strategy. Students recommended that Cisco strengthen its position in the consumer market by applying its existing "Welcome to the Human Network" marketing campaign to EOS and eliminating licensing fees to focus on generating revenues through ad sharing and content hosting.

Judges gave team members high marks for the caliber of their presentation skills, professionalism, and ability to respond thoroughly and knowledgeably during the question-and-answer session.

To become members of the National Honors Business Fraternity Beta Alpha Psi, the Haas students completed an intensive 10-week pledging process, which consisted of professional development, business education, and presentation training. "As a result, we were adequately equipped with business skills that helped distinguish our group and win this case competition," says team member Gupta.

Undergraduates to Compete in Case Challenge in Arizona

Having won the opening round of the Deloitte Financial Advisory Services Case Challenge, a team of Haas undergraduate students will travel to the competition's six-team national finals in Scottsdale, Ariz., April 5 and 6.

The winning team consists of Miranda Wong, BS 09; Nicole Hui, BS 09 (economics); Andy Lau, BS 09; and Michelle Wu, BS 09. The team earned its spot in the final competition for its proposal on how to time a 100-employee layoff in order to minimize the impact on a company's year-end finances. The first-round competition was held March 7 at Deloitte's San Francisco office.

The final round will require the teams to develop a model for evaluating the fair market value of a company based on its assets and liabilities. The Haas students will compete against teams from Brigham Young University, University of Connecticut, University of Illinois, Morehouse College, and University of Notre Dame. Each member of the first-place team will receive a $2,000 scholarship, while members of the runner-up team will be awarded a $1,000 scholarship. The winning team also earns $10,000 for its school, while the runner-up team wins $5,000 for its school.

Haas in the News - As of 3/31/08

Priya Raghubir, professor in the Haas Marketing group, was quoted in the New York Times on March 23 in an article, titled "If You Don't Like Price, Negotiate," about how customers increasingly haggle over prices and the effect this has on making shoppers highly price-conscious. Full article at

The same article was picked up by the Tampa Tribune on March 23. Full article at

James Wilcox, professor in the Haas Economic Analysis & Policy and the Finance groups, was quoted in a March 23 San Francisco Chronicle article titled "Fed's bold moves: Band-Aid or breakthrough?" Full article at

Kellie McElhaney, assistant adjunct professor and executive director of the Haas School's Center for Responsible Business, was mentioned as a keynote speaker at University of North Carolina, Chapel Hill's Women in Leadership Conference in the Chapel Hill News' Business Briefly on March 23. Full article at

Dean Tom Campbell was interviewed on ABC Channel 7 News on March 20 about the Federal Reserve's response to the troubled economy in the segment titled "New signs of trouble in the economy." The full segment can be viewed at

Nancy Wallace, professor in the Haas Real Estate group, was quoted in a Chicago Tribune article titled "Owners do something constructive: In a tight market, remodels add value" on March 20. Full article at,0,495717.story.

Laura Tyson, professor in the Haas Business & Public Policy group, appeared on "CNN: Lou Dobbs Tonight" show on March 19 to discuss the mortgage and foreclosure crisis and the need to send more support directly to affected households.

The Global Social Venture Competition was the focus of an article in The Statesman (India) titled "Missions that matter," on 19 March.

Henry Chesbrough, adjunct professor and executive director of the Center for Open Innovation, compared the legitimatization of computer science as an academic discipline to the emerging discipline of services science in the RedOrbit article, "Service Science: Catalyst for Change in Business School Curricula," on March 19. Full article at

Tom Davidoff, assistant professor in the Haas Real Estate group, was quoted in the San Jose Mercury News article "Vindu's View: Bernanke's bailout for Wall Street puts taxpayers at risk" on March 19. Full article at

Patrick Galvin, MBA 02, founder of Vignette Wine Country Soda, had his company featured in a New York Times Food & Wine section article titled "From the Grape, Something Fizzy for All Ages" on March 19.

James Wilcox was quoted in the San Francisco Chronicle article "The unraveling of Bear Stearns" on March 18. Full article at

James Wilcox also commented on the same topic on KTVU Channel 2 News and on KCBS Radio on March 18.

Ken Rosen, chair of the Fisher Center for Real Estate and Urban Economics, was mentioned as the keynote speaker at the March 26 North Bay Investment Real Estate Conference in the March 17 Santa Rosa Press Democrat article "Berkeley economist Ken Rosen to speak at real estate conference." Full article at

Whitney Hischier, assistant dean of executive learning at the Center for Executive Development (CED), was interviewed in the March 17 article "The Greening of Executive Education." The article mentioned CED's sustainable management programs.

Happening at Haas

Matt Kistler - SOLD OUT
Senior Vice President of Sustainability, Wal-Mart

Tuesday, April 1
12:30 p.m.
Cheit 210
For information, email

Black Gold-- Film Screening and Discussion with Tadesse Meskala
Tuesday, April 1
6:00 p.m. to 8:00 p.m.
S480 Student Services Building
Seating is first come, first served. Space is limited.
Sponsored by Cafe Bom Dia, Transfair USA, and the Center for Responsible Business
Black Gold website -
For information, contact Kathy Roeder at Cafe Bom Dia at 212-217-6106 or Transfair USA at 510-663-5260.

25th Annual Graduate Business Conference
Chip Conley, President and CEO, Joie de Vivre Hospitality
Marshall Goldsmith, best-selling author and management coach
Richard Lyons, Chief Learning Officer, Goldman Sachs
Thursday, April 3, through Saturday, April 5
For more information, visit

The Berkeley-Columbia MBA Speaker Series
Heidi Roizen
CEO of SkinnySongs

Friday, April 4
Arthur Andersen Auditorium
Open to the Haas Community

Tenth Annual Public Leadership Dinner
Leonard D. Schaeffer
Founding Chairman and Former CEO, WellPoint
Monday, April 7
6:00 p.m. to 9:30 p.m.
International House, 2299 Piedmont Ave., Berkeley
Cost: $60 for alumni and business and community leaders; $20 for current students

David Aaker Distinguished Lecture Series in Marketing
Haas Marketing Professors David Aaker and Jennifer Aaker
Wednesday, April 16
12:30 p.m.
Wells Fargo Room
For more information, contact Ronna Kelly at

Global Social Venture Competition Finals
Friday, April 18
8:45 a.m. to 3:30 p.m.
Wells Fargo Room
Open to the public
For more information:

Global Social Venture Competition Symposium on Social Entrepreneurship
Saturday, April 19
8 a.m. to 6 p.m.
UCSF Mission Bay Conference Center, San Francisco
For more information and to register:

10th Annual UC Berkeley Business Plan Competition Finals and Awards Presentation
Thursday, May 1
6:30 p.m. to 8:30 p.m.
Arthur Andersen Auditorium
For more information:


For more information, contact Deborah Houy at

Don Moore, Carnegie Mellon University
Wednesday, April 2
4:00 p.m. to 5:30 p.m.
C320 Cheit Hall

Nancy Rothbard, Wharton School
Wednesday, April 9
4:00 p.m. to 5:30 p.m.
C320 Cheit Hall

For more information, contact Donna Seaward at

Vince Crawford, Department of Economics, UC San Diego
Thursday, April 3
4:00 p.m. to 5:30 p.m.
C250 Cheit Hall

Jonathan Levin, Economics Department, Stanford University
Thursday, April 10
4:00 p.m. to 5:30 p.m.
C250 Cheit Hall

For more information, contact June Wong at

Jianjun Miao, Boston University
"The Timing and Returns of Mergers and Acquisitions in Oligopolistic Industries"
Thursday, April 3
4:10 p.m. to 5:40 p.m.
C110 Cheit Hall

Stavros Panageas, University of Pennsylvania
"Young, Old, Conservative and Bold: The Implications of Finite Lives and Heterogeneity for Asset Prices" (with Nicolae Gârleanu, Haas School)
Thursday, April 10
4:10 p.m. to 5:40 p.m.
C110 Cheit Hall

For more information, visit

The Oliver E. Williamson Seminar on Institutional Analysis
Ray Fisman, Columbia Graduate School of Business
Wednesday, April 2
2:30 p.m. to 4:00 p.m.
Cheit C210

Markus Lang, University of Zurich - CANCELLED
"The Effect of Salary Caps in Professional Team Sports on Social Welfare"
Thursday, April 3 -- CANCELLED

Jesse Shapiro, University of Chicago
"Competition and Diversity in the Media: Historical Evidence from US Newspapers"
Thursday, April 10
4:10 p.m. to 6:00 p.m.
C325 Cheit Hall


Best Practices Workshop
"How to Incorporate and Compensate Founders and Employees"
Tuesday, April 1
6:30 p.m. to 8:30 p.m.
Stanley Hall, Room 105
For further information on the Entrepreneurial Best Practices workshop series, visit

UC Berkeley Entrepreneurs Forum
"Entrepreneurial Opportunity in Solar Energy"
Thursday, April 3
6:30 p.m. to 8:30 p.m.
Arthur Andersen Auditorium
For further information:

Entrepreneurs Roundtable
Tuesday, April 15
6:30 p.m. to 9:00 p.m.
Marines Memorial, Commandants Room, 10th Floor, 609 Sutter St., San Francisco
Preregistration required; seating is limited. For further information:

Best Practices Workshop
"Financing the Venture: Investor Panel Discussion"
Tuesday, April 22
6:30 p.m. to 8:30 p.m.
Stanley Hall, Room105

For more information, contact or 510-643-1398.

Randy Komisar
General Partner, Kleiner Perkins Caufield & Byers
"Silicon Valley's New Investment Environment"
Wednesday, April 2
4:00 p.m. to 6:00 p.m.
Wells Fargo Room

Don Paul
Chief Technology Officer, Chevron
"Building a Clean Energy Future"
Wednesday, April 16
4:00 p.m. to 6:00 p.m.
Wells Fargo Room


Berkeley Entrepreneurial Best Practices Series
Tuesday, April 1
6:30 p.m. to 8:30 p.m.
Stanley Hall, Room105
Registration: None
Cost: Free

"The Green Revolution: Sustainable Business Models? A Green Business Summit"
Saturday, April 5
9:30 a.m. to 3:30 p.m.
USC, 665 Exposition Blvd., Los Angeles

Cost: $75

Hockey LA Kings vs. the Anaheim Ducks
Saturday, April 5
Noon to 4:00 p.m.
The Staples Center, Los Angeles

Cost: $35 per ticket

"From Real Estate Bubble to Credit Bubble, What Happened and What is the Outlook Ahead?"
Real Estate Discussion with Professor Nancy Wallace
Thursday, April 10
6:30 p.m. to 9:00 p.m.
Palo Alto Sheraton, 625 El Camino Real, Palo Alto
Cost: $30 for registrations on or before April 4; $40 after April 4; $10 fee to park at hotel

Berkeley-Columbia Welcome Reception for Newly Admitted Students
Saturday, April 12
4:00 p.m. to 9:00 p.m. (Presentations will begin around 4:45 p.m.)
The Claremont Resort & Spa, 41 Tunnel Road, Berkeley
RSVP: Aija Gamburg at or (510) 642-0214

Haas Minority Student-Alumni Mixer
Saturday, April 12
6:30 p.m. to 8:30 p.m.
For information and registration go to
No charge

End of Tax Season Celebration/Social Mixer with Beta Gamma Sigma Business School Honors Society
Thursday, April 17
6:30 p.m. to 9:00 p.m.
The Parlor, 1519 Wilshire Blvd., Santa Monica, (310) 395-4139
For more information, contact Raffi Aharonian at

Supper Club with Alumni from Technology, Media and Entrepreneurship
Thursday, April 17
7:00 p.m. to 9:00 p.m.
Lure FishBar, Soho, 142 Mercer Street, New York
RSVP: Chris Phenner,
Cost: Approximately $40

Haas MBA Experienced Hire Career Fair
Friday, April 18
5:30 p.m. to 8:00 p.m.
Hyatt Regency, 5101 Great America Parkway, Santa Clara

Haas Alumni Reunion Conference
"Clean Tech Innovation"
Saturday, April 26
9:00 a.m. to 3:00 p.m.
Haas School of Business
For more information:

15th Annual Business Forecast Luncheon
Wednesday, May 13
11:30 a.m. to 1:30 p.m.
For more information, contact or 510-642-7790.

The Haas NewsWire is the bi-monthly electronic news publication for the Haas community published every Monday by the Marketing and Communications Office at the Haas School. Send your news, feedback, and suggestions to

Archived issues of Haas NewsWire are available online at

To subscribe to Haas NewsWire visit