Haas NewsWire

Haas NewsWire, April 19, 1999

Haas MBAs Demonstrate Finance Prowness Over Top Rivals in Securities Case Competition
Praise for First Haas Team to Compete in Nonprofit Case Competition
Career Center Hires Three Account Managers
Special Entrepreneurs Forum: An Evening Honoring Arthur Rock
MBAs Learn About Employment Discrimination
1998-99 Haas Annual Fund On Track Towards $2 Million
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A team of five Haas School MBA students trounced student representatives from several other top business schools in taking second place in the third annual GSIA Securities Case Competition held in New York City on the weekend of April 9 11. The Haas team beat rival teams from the University of Chicago Graduate School of Business, the Sloan School at MIT, Columbia Business School, and the Carnegie Mellon Graduate School of Industrial Administration. The Haas team was narrowly beat by Wharton, which finished first. The Haas team consisted of Richard Case, MBA '00, and Vassilis Dagioglu, Shimon Kogan, Melanie Romney, and Oren Tversky, all MBA '99. The team was coached by Finance Profs. Nancy Wallace and Richard Stanton.

The event is organized by Carnegie Mellon and is sponsored by Merrill Lynch, Reuters, and Appaloosa Management L.P. It was held at Merrill's New York headquarters. The goal of the competition is to showcase the business acumen and analytical skills of the competing teams of top MBA students in the areas of derivative security valuation and financial engineering.

"This is a wonderful personal achievement for these excellent students, who have brought real honor and distinction to the school," said Dean Laura D'Andrea Tyson. "We are all enormously proud of them." Prof. Wallace said, "The team did a brilliant job designing and implementing a credit derivative product for a hypothetical client, as well as proposing a suitable hedging strategy to take out the investment bank's risk. They missed first place by a narrow margin."

Wallace said the exemplary performance by the Haas students was noted and admired by representatives of the sponsoring financial firms. This showing will help bolster the school's reputation for high quality MBA students who are well prepared for careers in finance, she said.

"All the judges agreed that, in technical terms, the Haas team was the strongest of all the teams competing," said Prof. Stanton. "In fact, the team's solution was more elegant and creative than the judges'." This is the second appearance by a Haas team in the contest, which is open by invitation only. Both academics and representatives from the sponsoring firms judge the presentations. The teams are given the challenging case, and then have several hours to work out the technical solutions and prepare a consumer-oriented presentation, as opposed to a scholarly oriented presentation.

The Haas team members spent several months working closely with Stanton and Wallace, who coached them in learning a huge amount of finance material in fixed income securities as well as doing practice cases. The Securities Case Competition has a web site, which can be viewed at http://www.gsia.cmu.edu/afs/andrew/gsia/finclub/.

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For the first time ever, a group of Haas students participated in the GW/KPMG nonprofit case competition, held in Washington, DC, over spring break. MBAs Lia Fernald, Alison Lingane, Yvonne Murray, and Vijay D'Sousa conducted a strategic analysis of the nonprofit World Resources Institute, an environmental think tank with headquarters in the nation's capitol.

The students' efforts were bolstered by Haas Professor David Vogel, who funded their travel through the Peterson Fund; Nancy Euske, director of the Nonprofit Management Program, who served as their faculty advisor; and Rodrigo Prudencio, who contributed considerable insight to the analysis based on his lengthy experience in the Washington, DC, environmental sector. Competing against teams from 19 other MBA programs, the Haas presentation was well received by the judges, and garnered special praise from a KPMG senior consultant, although George Washington University ultimately won the event.

The Haas School's Public and Nonprofit Management Program ranked as one of the top programs of its kind in the United States, according to the latest edition of the U.S. News & World Report business school rankings. Haas ranked fifth, following Yale (1), Harvard (2), Stanford (3) and Northwestern (4).

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The Career Center has hired three new account managers to help the school provide one-stop shopping for recruiting companies. The account managers will serve as the front-line contacts to companies for recruiting and other services. All three will start at Haas on April 26.

Melanie Dixon is a former marketing manager for Transportation Displays, Inc. (TDI). Originally from Hawaii, Melanie is a graduate of Yale University.

Lane Varden has spent several years as a recruiter for Heidrick & Struggles, one of the world's largest executive search firms, and as a lead search specialist for Gap Inc., where she was responsible for creating the overall recruiting strategy for the corporate headquarters. Lane is a graduate of UC Berkeley and has also studied at the Sorbonne in Paris.

Richard Wong worked as a division manager and recruiter for Advanced Micro Devices (AMD) for over ten years. As the leader of AMD finance division's annual recruiting program, he conducted on-campus interviews, gave presentations for prospective candidates, and participated in career night panels. Richard received his BS in business from UC Berkeley and his MBA from UCLA.

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Arthur Rock will be honored as the 1999 recipient of the Lifetime Achievement Award in Entrepreneurship by the Lester Center for Entrepreneurship and Innovation this Thursday as part of a special Berkeley Entrepreneurs Forum. The Lester Center's Lifetime Achievement Award, instituted in 1998, recognizes outstanding individuals whose success has had an effect on the very core of the new economy. Arthur Rock was the original venture capitalist behind Silicon Valley's very first semiconductor company, Fairchild Semiconductor. His most celebrated ventures, however, include the funding of Intel in 1968 and Apple Computers in 1979. Arthur Rock's career has created a track record that others have emulated and a methodology that has enabled others to succeed. Rock shaped the creation of the venture capital industry by insisting upon attaching a meaningful advisory role to every new business he funded.

The festivities will take place in the Andersen Auditorium at 7:30 pm on Thursday, April 22, featuring tributes from Intel's Gordon Moore and William Davidow of Mohr Davidow Ventures (both prerecorded); as well as A.C. "Mike" Markkula - a fellow investor in Apple Computer; Ken Oshman, founder of Echelon Corporation (Rock backed); and Lawrence Sonsini of Wilson Sonsini Goodrich & Rosati.

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Guy Saperstein, founder of the one the leading employment discrimination law firms in the country, spoke at the Haas School on Tuesday, April 13, as an invited guest in Professor Jonathan Leonard's Human Resource class. Saperstein gave his unique birds-eye view of how corporations and their lawyers make the hundred million-dollar mistakes that resulted in his firm setting records for remedies achieved in employment discrimination cases. He also discussed the entrepreneurial flair and sophisticated risk management that helped him develop his firm into one of the most successful employment law firms.

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The third quarter results are in for the Haas School Annual Fund, with $1.65 million received through March, towards the $2 million June 30th goal. This represents 83% of goal and $323,000 more than had come in at the same time last year.

The Annual Fund is the primary source of flexible, operating funds which are used each year to enhance existing programs, support student services, develop and retain faculty, and communicate and interact with the school's graduates, friends, and corporate partners.

If you are interested in supporting the Annual Fund, please stop by the Development Office for a gift form, or contact the School at giving@haas.berkeley.edu.

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All articles are posted in the Haas in the News bulletin board between the student lounges and the Computer Center

Florian Zettelmeyer appeared on a ZDTV feature titled "E-Commerce Degree Stirs Debate" on April 5. You can listen to the interview here.

Acting Career Center Director Susan Tull and Haas MBA students were featured in the SF Business Times of April 9-15. The article titled "MBA's choose savvy startups over corporate suites," explained why Haas MBAs are sometimes more interested in small companies as opposed to large corporations.

AARP Journal (American Association of Retired Persons Journal) featured Laura Tyson in an article on "Panel Issues Shift to Congress" in its April issue. The article was prompted by a public meeting on the future of Medicare, in which Dean Tyson participated as a panel member.

On April 19 Newsweek briefly mentioned UC Berkeley in a story titled "Show Us the Money." The article described many nationwide MBA competition teams that have won millions of dollars for writing good business plans.

The front page of the San Francisco Chronicle Business section of April 16th featured UC Berkeley's MBA job fair. According to the article "Geeks Rule in Job Hunt," many students in the business and computer science fields are getting excellent job offers and high-income salaries as a result of internet recruitment and on-campus recruitment efforts.

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(Free and open to interested students and faculty) ALUMNI EVENTS

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