Haas NewsWire

Haas NewsWire, May 1, 2006

Undergraduate and Ph.D. Students are Joined by their Families to Celebrate Commencement

Haas School of Business

Thirteen Ph.D. and nearly 400 undergraduate students will celebrate graduation from the Haas School of Business next weekend at separate ceremonies presided over by Dean Tom Campbell.

Commencement for the Haas School’s Ph.D. candidates will take place on Saturday, May 13, from 10:30 a.m. to 2:00 p.m. in the Wells Fargo Room. Executive Associate Dean and Sylvan Coleman Professor of Finance Richard K. Lyons will give the commencement address.

Undergraduate students will celebrate commencement on Sunday, May 14, with a 9:00 a.m. ceremony in the Greek Theatre, followed by a reception in the Haas School Courtyard at 11:30 a.m. Lecturer Alan Ross will address the students. Ross has been a lecturer with the Haas School since 1990 and also teaches in the political science department. The student speaker will be Rikin Nimesh Vasani. This year’s recipient of the Departmental Citation is Krista Colleen Maguglin.

Details on the Berkeley MBA Commencement, taking place Sunday, May 21, will be announced in the May 15 edition of Haas NewsWire.

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Berkeley MBA Graduates Gain from a Thriving Job Market

Full-time Berkeley MBA students are taking advantage of this year’s thriving job market that has fueled a 38% increase in on-campus recruiting over last year’s and is providing graduates with a wide range of opportunities and higher salaries.

"It is shaping up to be a great year for our Berkeley MBA students," says Abby Scott, executive director of career services. "They are getting more offers and more competitive salaries than last year."

More than 75% of this year's full-time Berkeley MBA graduates have already accepted or received job offers. The Career Services Office` will continue to gather data on this year's class into the fall, as MBA students’ varied career interests lead some job seekers to industries that traditionally hire later in the year, including real estate, technology startups, asset management, and hedge funds.

The trend so far shows salaries climbing well above last year’s, with the mean base salary approaching the $100,000 mark.

The two top industries so far this year are consulting and technology. Thirty-three graduating students have accepted offers with consulting firms, such as McKinsey, Deloitte, Bain & Company, and Boston Consulting Group. In technology, Yahoo!, Amazon.com, Google, and Microsoft Corporation are among the top recruiters.

"Technology companies in the software and Internet space are competing aggressively for our top students and offering more competitive salaries relative to other industries this year," says Scott.

Finance continues to be one of the strongest job functions for Berkeley MBAs. Graduates are accepting jobs at firms including Banc of America Securities, Fidelity Investments, Lehman Brothers, and Wells Fargo Bank.

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Aurora BioFuels Takes Top Prize in the UC Berkeley Business Plan Competition

Aurora BioFuels, an alternative energy company, won both the $25,000 first prize and the People's Choice Award at the finals for the eighth annual UC Berkeley Business Plan Competition, held on April 27 at the Haas School.

Aurora BioFuels has developed a way to create bio-diesel fuel with yields that are 125 times higher and have 50% lower costs than current production methods. The team includes full-time Berkeley MBA 06 students Matt Caspari and Guido Radaelli; Bert Vick, a Ph.D. student in molecular and cell biology; and Tasios Melis, professor in the Department of Plant and Microbial Biology at UC Berkeley . The three students met this fall in an Opportunity Recognition class taught by Andrew Isaacs, executive director of the interdisciplinary UC Berkeley Management of Technology (MOT) program.

The $10,000 second prize was awarded to Kirsen Radio Vision, a company with a new approach to security technology that produces instant 3-D "see-through" identification of objects that differentiates among materials.

CellASIC, a team developing a microfluidic platform capable of mimicking the body's cellular environment for improved drug screening, tissue engineering, and stem cell research, won the $5,000 third prize. Team members include: Michael Kingston, full-time Berkeley MBA 07; Philip Lee, Ph.D. (bioengineering); and Paul Hung, Ph.D. (electrical engineering and computer science).

The teams were judged in three rounds by a group of leading venture capitalists who volunteered their time to the competition. Final round judges included Angela Biever of Intel Capital, Jeb Miller of ComVentures, Brian Atwood of Versant Ventures, John Gardner of BlueRun Ventures, Greg McAdoo of Sequoia Capital, Rich Redelfs of Foundation Capital, Nagraj Kashyap of Qualcomm Ventures, and Tom Kalil, from the UC Berkeley Chancellor’s Office.

The UC Berkeley Business Plan Competition is organized by Berkeley MBA students at the Haas School. It is hosted by the Lester Center for Entrepreneurship & Innovation in partnership with UC Berkeley's College of Engineering and School of Information, and the UC San Francisco Innovation Accelerator.

Sponsors for the competition:
Lead Sponsor: Intel Capital
Silver Sponsors: Qualcomm Ventures, BlueRun Ventures, and ComVentures.
Bronze: Morganthaler Ventures, Advanced Technology Ventures, Versant Ventures, Hummer Winblad Venture Partners, Sonnenschein Venture Technology, Wilson Sonsini Goodrich & Rosati, Newforth Partners LLC, Palo Alto Software, and Sand Hill Angels.
Friends of the Competition: gOFFICE.com and Kevin Warnock, American River Ventures, Keiretsu Forum, BFI Business Finance, SVB Silicon Valley Bank, and Nickel & Nickel.

UC Berkeley MBA students founded the competition in 1998 to create a platform that would help transform university innovations into viable commercial enterprises. Each venture must have at least one student, alumnus/a, or faculty member from UC Berkeley or UC San Francisco's Life Sciences campus on its management team.

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BusinessWeek Publishes Inaugural Undergraduate Ranking

The Haas School’s Undergraduate Program ranked #12 overall and #6 among public schools in BusinessWeek’s first-ever undergraduate business program ranking announced on Thursday, April 27.

The ranking placed Haas 8th for academic quality and 10th for MBA feeder schools, which is a measure of the schools that sent the most undergraduates on to BusinessWeek’s 35 top-ranked MBA programs. While the Haas School ranked 19th among all programs in the student satisfaction survey, Haas undergraduates gave the school "A's" for teaching quality, facilities and services, and job placement.

The Haas program placed only 41st in the recruiter survey, but the program's graduates earned the fourth highest starting salary of all 50 ranked undergraduate programs -- $53,000.

The student satisfaction survey counted for 30% of the final ranking, with the recruiter survey contributing 20%. Starting salaries and the MBA feeder school measure counted for 10% each. The academic quality measure contributes the remaining 30%.

The rankings also will be published in the May 8 issue of the magazine. For more information go to: http://www.businessweek.com/bschools/undergraduate/.

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The Art of the Deal: Schroth Gives Students Hands-on Negotiations Experience

Five years after taking Senior Lecturer Holly Schroth’s negotiations class, Chris Rimer, MBA 97, was at AMD trying to negotiate a partnership with another company that was giving him the cold shoulder.

Initially, the other firm allowed only low-level staffers to talk with AMD, recalls Rimer, the chipmaker’s division manager of commercial alliances. But eventually Rimer and his colleagues sealed a deal, thanks to 14 months of perseverance and the lessons from Schroth’s class on everything from team coordination to managing emotions.

“By using skills that Schroth taught, I was able to keep my eye on the overall goal and keep driving this team to focus on that and get past the personal issues,” Rimer says.

Such praise from former students is not unusual for Schroth, a member of the Haas School's Organizational Behavior and Industrial Relations Group. Her negotiations classes are popular with undergraduates and MBAs alike, in part because they feature her own hands-on exercises that are directly applicable to the real world. The exercises also are distributed and sold to other instructors through the Dispute Resolution Research Center at Northwestern University’s Kellogg School of Management.

Schroth, who has a Ph.D. in social psychology, has written a total of 11 negotiation exercises since 1992, drawing from her own experiences and interests. The background for one multi-party exercise involving ethical issues stemmed from her disapproval of “Bratz” dolls supposedly marketed to “tween” girls but popular with girls in her daughter’s first-grade class. Another popular exercise focuses on salary negotiations, including tips on making a counter-offer and knowing when to walk away.

Schroth and Jackie Ramirez, a former student, tapped their experiences working in Mexico to write a cross-cultural negotiation exercise in which one student plays an American manager and another student plays the head of the company’s Mexico office. Students learn the importance of respecting other cultures and how challenging that can be when they’re accustomed to working in the results-driven American business world.

“I didn’t know how much to keep the small talk up so I began talking business, and all of a sudden Martinez said, ‘Do you like football?’” quipped one student who played Morgan. “It was the most frustrating thing.”

“You’re acting like the typical Norte Americano who doesn’t see the value of talking,” Schroth responded. Indeed, many students fall into that common trap for U.S. negotiators – trying to get down to business too quickly before building a relationship, according to Schroth.

Rimer, meanwhile, got so much out of Schroth’s class that he recently hired her to give a seminar to 30 colleagues at AMD. One key message that he took away from Schroth: “Any good business opportunity will involve something for both parties.”

“She’s definitely one that preaches ‘expand the pie’ rather than ‘take it for yourself,’” Rimer adds.

And Schroth practices what she preaches. “I just want to make a contribution,” she says of her commitment to creating the classroom exercises.

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Mexican Banking Leader Ricardo Guajardo, MBA 72, to Speak at Haas May 5

Ricardo Guajardo, MBA 72, one of Mexico's leading bankers, will speak on "Key Success Factors for Development: Why Economic Liberalism Disappoints So Many in Latin America" at a Dean's Speakers Series event being held in Cheit Hall room 230 this Friday, May 5, at 12:15 p.m.

The Haas School appearance by Guajardo is cosponsored by the Latin American and Hispanic Business Student Association and was made possible, in large part, by first-year Berkeley MBA student Santiago Campero. The Center for Latin American Studies and the Clausen Center for International Business and Policy are also sponsoring the event.

For more information, contact Campero at campero@haas.berkeley.edu.

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Price Institute and Turner Fellowships for Entrepreneurship Awarded by Lester Center

The Lester Center for Entrepreneurship & Innovation recently awarded three $5,000 fellowships that support the entrepreneurial aspirations of students at the Haas School: Full-time Berkeley MBA 07 students Lawrence Chang and Aloi s (Mac) Gerlach each received a Price Institute Fellowship, and Evening & Weekend MBA 07 student Aditi Patwardhan received the Turner Fellowship.

This is the 20th year in which the Price Institute for Entrepreneurial Studies has awarded fellowships to first-year Berkeley MBA students. The Institute was founded in 1979 by Harold Price, a leader in the foods industry who later became a consultant to Consolidated Foods and Sara Lee.

The Turner Fellowship is sponsored by Dan Turner, founder of Montreux Equity Partners. Turner is chairman of TransOral Pharmaceuticals and sits on the boards of numerous biotech and pharmaceutical companies.

The fellowships are administered by the Haas School’s Lester Center for Entrepreneurship & Innovation and awarded each year to eligible students interested in an entrepreneurial career.

For more information on the fellowships, go to http://entrepreneurship.berkeley.edu/priceturner.asp.

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Celebrate at Annual End-of-the-Year Party this Friday

All Haas School faculty, staff, and students are invited to the dean's annual End-of-the-Year Party on Friday, May 5, from 4:00 p.m. to 5:00 p.m. in the Haas courtyard.

Hosted by Dean Tom Campbell, the celebration features include food from Compadres' Restaurant, refreshments from Pyramid Brewery, and live entertainment. At 4:15 p.m. there will be a brief award ceremony announcing the winners of awards, including the Earl F. Cheit Award for Excellence in Teaching and the GSI awards. Dean Campbell will also announce the results of the MBA "LifeLong Connections" and undergraduate "Feed The Bear" Student Fundraising campaigns.

For more information, contact Carlis Crowe at carlis@haas.berkeley.edu.

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Staff News

Poems by Dennis Fritzinger Published in Book on Endangered Species

Dennis Fritzinger, mailroom services coordinator, has had several of his poems published in THE DIRE ELEGIES: 59 Poets on Endangered Species of North America. Fritzinger's work has also been published in Wild Earth and the City Lights Anthology.

THE DIRE ELEGIES: 59 Poets on Endangered Species of North America is available for $19.95 at selected bookstores nationwide and from FootHills Publishing at www.foothillspublishing.com.

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Haas in the News

Adam Gouttierre and Chris Becherer, both Berkeley MBAs 06 , are scheduled to discuss the Afghan Music Project, the end result of their digital recording mission to Afghanistan, on National Public Radio's "Day to Day" at 11:00 p.m. tonight, May 1.

Gouttierre and Becherer also appeared on MSNBC on April 30 discussing their project. View the clip here http://www.youtube.com/watch?v=EcVavZS16Wc.

Ben Hermalin, the Willis H. Booth Professor of Banking and Finance and chair of UC Berkeley's department of economics, was interviewed by Willi Monroe on Channel 7 News on Friday, April 28, on anticipated economic impact of the May 1 immigration bill protests.

Severin Borenstein, E.T. Grether Professor of Business Administration and Public Policy, was quoted in a number of news outlets and was interviewed for several newspaper, radio, and television segments regarding oil and gas prices:
+ April 28 San Francisco Chronicle article titled “Drive Less? Politicians Won’t Ask” about oil prices. For full article: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/04/28/MNGDLIH5BB1.DTL
+ April 26 Sacramento Bee article titled “Pinch at pump becomes a pain; Rising prices hammer some industries." For full article: http://www.sacbee.com/content/news/energy/story/14247979p-15065433c.html
+ April 26 San Francisco Chronicle article titled “Big Oil donates big bucks to Schwarzenegger’s re-election campaign." For full article: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/04/26/BAG4CIFE721.DTL
+ April 26 NPR Morning News segment titled “Bush Announcements Target Gas Prices." To listen to full segment: http://www.npr.org/templates/story/story.php?storyId=5363515
+ April 26 NBC 11 News
+ April 25 KCBS radio interview on President Bush’s gasoline/oil initiatives
+ April 22 ABC World News Tonight segment titled “Gas Prices Jump Consumers Worried."
+ April 21 Washington Post article titled “The Battle Over the Blame for Gas Prices; Firms Cite Supply Issues, Deny Abuse." For full article: http://www.washingtonpost.com/wp-dyn/content/article/2006/04/20/AR2006042000594.html
+ April 21 Radio 940 Montreal
+ April 21 Associated Press radio
+ April 19 KCBS radio interview

Pablo Spiller, the Jeffrey A. Jacobs Distinguished Professorship in Business and Technology and the chair of the Business and Public Policy Group, was interviewed on Thursday, April 27, on NBC 11 News about whether the state receives higher tax revenues due to dramatic increase in gas prices.

Richard Lyons, executive associate dean and the Sylvan Coleman Professor of Finance, was quoted in a San Francisco Chronicle article titled “Stanford, UC tackling global poverty issues” on April 27. For full article: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/04/27/BAG4UIFR1T1.DTL

Peter Sealey, adjunct professor in the Marketing Group, was quoted in a San Francisco Chronicle article on April 25 titled “‘Mr. Sun’ ends a chapter in saga of Silicon Valley." He commented on the resignation of Scott McNealy, chief executive of Sun Microsystems. For full article: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/04/25/MNG1IIENCM1.DTL

Philip Tetlock, Lorraine Tyson Mitchell Chair II in leadership and communication, was referenced in an April 24 Business Day ( South Africa) article titled “The folly of inept succession planning."

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Happening at Haas

"Key Success Factors for Development: Why Economic Liberalism Disappoints So Many in Latin America" with Ricardo Guajardo, MBA 72
Friday, May 5
12:15 p.m.
Cheit Hall 230
Guajardo is the former CEO and chairman of BBVA Bancomer and serves on the boards of some of Mexico's largest corporations. This event is co-sponsored by the Latin American and Hispanic Business Student Association, the Center for Latin American Studies, and the Clausen Center for International Business and Policy.
For more information, contact Santiago Campero at campero@haas.berkeley.edu.

Friday, May 5
4:00 p.m. to 5:00 p.m.
Haas School Courtyard
The entire Haas community is invited to celebrate the end of another fabulous year at the Haas School at this all-school party.
For more information, contact Carlis Crowe at carlis@haas.berkeley.edu.

La Reconquista – Latin Consumption Function
Friday, May 5
6:00 p.m. to 9:00 p.m.
Come celebrate the end of the year or possibly the end of your MBA career the Latin way. La Reconquista will feature live Cuban music (son, salsa, guaguanco); original cuisine from throughout Latin America; Latin after-party in the Berkeley hills including transportation; and the kind of party attitude for which Latins are world renowned! We will be selling tickets for the After Party during the week at lunchtime. Look for folks at the courtyard.
Volunteers to take care of the beer keg are welcome.
For more information contact Federico Helman at helman@haas.berkeley.edu.


"The 'Wall Street Walk' as a Form of Shareholder Activism," by Anat Admati and Paul Pfleiderer, Stanford University and "Do Noise Traders Move Markets?" by Terry Odean, Haas School
Wednesday, May 3
2:30 p.m. to 5:30 p.m.
Room S489
For more information, contact June Wong at june@haas.berkeley.edu.

Vinit Desai, Kuo Yu
Wednesday, May 3
4:00 p.m. to 5:30 p.m.
Cheit Hall 330

"Incentives in Markets: Firms & Governments" by Atif Mian, University of Chicago
Thursday, May 4
4:10 p.m. to 6:00 p.m.
Cheit Hall 325
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.

"Specific Deterrence: Evidence from the Video Rental Market" with Prof. Peter Fishman, UC Berkeley
Friday, May 5
4:00 p.m. to 5:30 p.m.
Cheit Hall 250
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu.

Michael Haselhuhn and Jennifer Kurkoski
Wednesday, May 10
4:00 p.m. to 5:30 p.m.
Cheit Hall 330
For more information, contact Deborah Houy at houy@haas.berkeley.edu.

Alumni Events

Cross-Business School Happy Hour
Tuesday, May 2
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 School Happy Hour. It is a great way to meet and mingle with alums from Haas and other business schools.
For more information, contact Celine Pan at celine_pan@yahoo.com.

Bar Night
Thursday, May 11
6:30 p.m. to 8:30 p.m.
HiDive, Pier 28 1/2 (at Bryant Street), San Francisco
Join the Bay Area Berkeley-Columbia Executive MBA alumni for bar night in San Francisco at HiDive. It's a great way to meet up with old friends, meet new students and have a fun evening.
For more information, contact Martha Gerhan at magerhan@mindspring.com.

Panel Discussion, Evolving Exit Market for Entrepreneurs
Tuesday, May 16
Time to be announced
World Trade Club, San Francisco
The San Francisco Alumni Chapter will be holding a panel discussion at the World Trade Club on "Evolving Exit Market for Entrepreneurs." More details to come soon.
For information, contact alumni@haas.berkeley.edu.

Saturday, May 20
3:00 p.m. to 5:00 p.m.
Mudd's Restaurant, 10 Boardwalk, San Ramon
The East Bay Chapter of the Haas Alumni Network presents the 1st Annual Wine
Tasting Fundraiser to benefit the Haas Annual Fund. Enjoy a variety of select wines from around the world and delicious hors d'oeuvres while networking with your fellow East Bay alums. You are also invited to stay after the wine tasting event for a group dinner with us at Mudd's Restaurant (additional cost required for dinner). To register, go to http://www.acteva.com/booking.cfm?bevaid=109596. For more information, contact Jason Chang at jasonchang@mba.berkeley.edu.

An Afternoon of Wine, Chocolate, Tea, and Art
Sunday, May 21
2:00 p.m. to 5:00 p.m.
Sonya Paz Fine Art Gallery, 1793 Lafayette Street, Suites #105-110, Santa Clara
South Bay alumni are invited to a fun-filled afternoon of wine, chocolate, tea, and art. You'll taste and learn about wonderful wine, chocolate, and tea, and you'll see and learn about wonderful art. You'll have the opportunity to order anything you like.
RSVP by May 10 to www.sonyapaz.com/secure_purch/may21rsvp.html.

MBAs 98, 99, & 00
Reunion And Wine Tasting At Trefethen Vineyards
Trefethen Vineyards, Napa Valley
Saturday, June 3
4:00 p.m. to 7:00 p.m.
Catch up over a glass of cabernet with your class of 98, 99, and 00 classmates and Haas faculty at the Haas MBA 1998, 1999, and 2000 Reunion and Wine Tasting at Trefethen Vineyards. Join fellow Haas alumni and their guests for an afternoon of wine tasting, hors d’oeuvres, and a silent auction to raise money for the Haas Annual Fund. Come just for the party or stay in beautiful Napa Valley for a relaxing weekend. Registration details to follow. For information, contact Tanya Steinhofer at tshaw_mba99@alumni.haas.org.

Cross-Business School Happy Hour
Tuesday, June 6
6:00 p.m. to 9:00 p.m.
Julien Bar and Lounge, Langham Hotel, 250 Franklin Street, Boston
Join alumni 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 School Happy Hour. It is a great way to meet and mingle with alums from Haas and other business schools.
For more information, contact Celine Pan at celine_pan@yahoo.com.

Summer Picnic & Welcome Party for New Alumni and Incoming Students
Saturday, July 29
Rengstorff Park , 201 South Rengstorff Avenue, Mountain View
Join fellow Haas alumni in the South Bay/Silicon Valley for our annual summer picnic and party to welcome new admits and new alums. More details to come soon.
For more information, contact David Hansen at david@hansen.net.

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