Haas NewsWire

Haas NewsWire, May 13, 2002

**The last weekly issue of Haas NewsWire for the semester will be published on May 20, 2002. The monthly version of Haas NewsWire will appear on June 10, July 15, and August 19. Weekly publication will resume with the August 26 issue.**

Announcement of Tom Campbell as Dean Makes Headlines
Haas Honors Faculty, Students, and Staff at the End-of-the-Year Party
Haas Hosts Workshop on Genetically Modified Foods
Business Plan Competition Announces Second-Place Winner
Undergrads Receive Scholarships from Financial Executives Organization
Haas Teams Win Four UC Berkeley Intramural Tournaments
Haas in the News
Happening at Haas

Correction: Scott Tsui, from the MBA admissions office, was on the faculty/staff softball team. His name was omitted from last week's Haas NewsWire.

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Chancellor Berdahl's announcement recommending Thomas J. Campbell, Stanford law professor and former US Congressman and California state senator, as the new dean of the Haas School of Business has attracted widespread attention on campus and in the media.

The appointment is pending final approval by the UC Regents scheduled for this month. The campus anticipates that Campbell will be here by the start of the fall semester. Professor Benjamin E. Hermalin will remain as interim dean until then.

Campbell has been a law professor at Stanford University since 1983. He twice served Santa Clara's 15th Congressional district in the House of Representatives, first from 1989 to 1993 and again from 1995 to 2001. He was elected California state senator in 1993.

The response of the announcement has been overwhelmingly positive.

"This is a terrific appointment," said Tulin Erdem, interim associate dean for Academic Affairs and associate professor of marketing. "The Haas School has been fortunate enough to attract an individual like Tom Campbell as a dean. His academic credentials, expertise in public service, experience in fund raising, and connections to the business world would be valuable assets for Haas to face the challenges in remaining a top business school and to further improve."

Said Brett Trueman, Donald and Ruth Seiler Professor of Public Accounting and chair of the Accounting group: "Given Campbell's business connections and governmental experience, he understands the important real world issues that a business school must address. The importance of high technology in today's economy makes his connections in Silicon Valley invaluable."

The announcement was widely covered in the press. Among the mentions were:

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As the Haas community celebrated the end of the school year last Friday, it honored members of the faculty, students, and staff for their hard work throughout the year with awards that recognized excellence in teaching, community service, and service to Haas. All of the award winners are listed below.

The Earl F. Cheit Award for Excellence in Teaching
Mark Seasholes, assistant professor in finance, won the top award from both, the undergraduate program and the full-time MBA program. He is the second person in the award's 26-year history to win the top honors from two programs in the same year (Sara Beckman was the first in 1990). Seasholes joined the Haas faculty in 2000.

Undergraduate Program: Mark Seasholes, finance. Honorable Mention: Karlene Roberts, organizational behavior and industrial relations (OBIR), and Steve Etter, finance.
Full-time MBA Program: Mark Seasholes, finance. Honorable Mention: Priya Raghubir, marketing, and Rich Lyons, economic analysis & policy and finance.
Evening & Weekend MBA Program: Nancy Wallace, real estate. Honorable Mention: Steve Green, business and public policy, and Brett Trueman, accounting.
Master's in Financial Engineering Program: Francis Longstaff, UCLA
Ph.D. Program: Trond Peterson, OBIR

The teaching award is named after Dean Emeritus Earl F. Cheit, who made teaching excellence one of his top priorities at dean.

The Haas School Outstanding GSI Awards
Undergraduate Program: Rene Kamita.
Honorable Mention: David Tien and Amy Belt.
MBA Program: Samantha Gross.
MFE Program: Ashwin Alankar.

The Haas winners for the UC Berkeley Outstanding GSI Awards were MBA students Jack Lin, Uri Man, Sara Smolek, Lesley Kao, Christine Rush, Gregory Thoennes, Betty Yee, and Samantha Gross and Ph.D. students Timothy Simcoe, Dov Rothman, and Wenli Huang.

The winner of the Ph.D. Hayase Award winner was Garrick Blalock.

Hans Grande received the Kiplinger Prize, awarded to an outstanding second-year student with a cumulative GPA of at least 3.5 and demonstrated qualities of leadership. The $5,000 prize is sponsored by the Kiplinger Foundation.

The Outstanding MBA Student Service Awards went to Paul Dyson, Wendy Hsu, and Linda Ng.

The second annual Outstanding Staff Awards were announced by Jay Stowsky, associate dean for school affairs and initiatives. This year the school recognized June Wong, faculty assistant in the finance group; Stephanie Tibbetts, program coordinator at the Lester Center for Entrepreneurship and Innovation, and Abby Scott, director of Career Services.

The Young Entrepreneurs at Haas program recognized four MBA mentors for their work in the program: Monica Brown, Gavin Bates, Melisa Prevost, and David Klingle.

The results of this year's student fundraising campaigns were also announced. The undergraduate Feed the Bear Lifelong Giving Campaign raised $36,305 with 37% participation. MBA 101% Lifelong Giving Campaign raised $164,018 with 78% participation.

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The Haas School hosts an international group of experts to discuss the implications of genetically modified foods at "European and American Perspectives on Genetically Engineered Food Policy: Forging the Realm of the Possible" on May 24 and 25, 2002.

"This topic is central to my ongoing research, which primarily focuses on understanding the increasingly important differences in environmental regulation between the EU and the United States," says Professor David Vogel. Vogel is co-hosting the event with visiting scholar Jabril Bensedrine.

This workshop will be a working meeting among European and American experts on genetically engineered food, including public officials, industry executives, and nongovernmental organizations. The group will analyze policy issues related to existing genetically engineered products as well as upcoming issues related to products that are currently being researched.

The France-Berkeley Fund, the German Marshall Fund of the United States, and the Socially Responsible Business Leadership Initiative of the Haas School of Business are sponsoring the workshop.

The workshop is an invitation only event. For more information, contact Jabril Bensedrine at bensedri@haas.berkeley.edu. For a detailed agenda for the workshop and more information, visit http://groups.haas.berkeley.edu/gmo.

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The UC Berkeley Business Plan competition announced its second place winner, ChipSi Inc., last week. ChipSi is a fabless semiconductor company that plans to design, develop, and market silicon solutions for the datacom and telecom markets.

Three MBA alumni from the Haas School, Srinivas Nimmagadda, MBA 01, Anil Rao, MBA 01, and Vidyasagar Prem Kumar, MBA 01, lead ChipSi. The fourth member of the team is Prashant Sawan, who heads the venture's software development.

ChipSi joins this year's grand prize winner Adaptic and third-place winner E-Mask.

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Silicon Valley chapter members of Financial Executives International (FEI) awarded Haas undergraduates Deborah Yim and Amy Cheng the fifth annual FEI scholarships last week. The visiting executives interviewed candidates for the scholarships on campus before making the final awards. Each student received $1,500.

The scholarships are awarded to full-time undergraduate students in the Haas School who are focusing on accounting or finance. The students must be a junior or continuing senior (graduating December 2002 or later for the Spring 2002 awards), and must demonstrate strong academic performance and leadership skills.

FEI is an international organization of CFOs, corporate controllers, and senior financial executives. The Silicon Valley chapter is one of two in the Bay Area and is now the second largest in the US, with over 650 members. Resumes for the spring 2003 scholarships will be solicited in February of 2003.

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Haas teams achieved amazing records this year in the UC Berkeley intramural tournaments. Four teams won the championship games: Haastility Football, the Haasholes Men's Softball, Haasome Coed Soccer, and Haas Men's Soccer. The Cal Intramural Sports program allows Cal students, faculty, and staff an opportunity to participate in sport activities on a competitive or recreational level against other Cal teams.

The final results for the Haas intramural teams for the spring are below:

Congratulations to all of the teams for a great season!

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Carl Shapiro, the Transamerica Professor of Business Strategy and director of the Institute of Business and Economics Research (IBER), was quoted in the Washington Post on May 11 in an article titled, "Microsoft Lawyers Rest Their Case." Read the full article at http://www.washingtonpost.com/ac2/wp-dyn/A3487-2002May10?language=printer.

David Levine, associate professor in the Haas Economic Analysis and Policy Group, was featured in the East Bay Business Times on May 10 in the article titled " 'Big brother' software getting too good?" Levine said that workers should be warned of monitoring in the workplace.

Stephen Shortell, the Blue Cross of California Professor, was featured in the San Francisco Chronicle on May 10 in the article "UC Berkeley Picks Chief for Public Health School."

Fast Company Magazine featured the National Social Venture Competition in its article "Radicals for Responsibility." Jerome Engel, executive director of the Lester Center for Entrepreneurship and Innovation, was quoted as saying that there is a dual bottom line in the Social Venture Competition: businesses not only have to look for a financial return on investment but also for a social return. Read the full article at http://www.fastcompany.com/feature/02/haas.html.

Laura Tyson, former dean of Haas, was mentioned in The Independent on May 9 in the article "MBA - How City is Realizing a Dream." The article mentioned her recent appointment as dean of the London Business School. She was in a second article in the same issue titled "MBA - It's all in a dean's work."

Cynthia Kroll, regional economist at the Fisher Center for Real Estate and Urban Economics, appeared on KQED FM's Forum on May 9. The discussion was on housing costs in the bay area, and why they continue to be so high despite the economic slowdown.

Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business Administration, was quoted in USA Today on May 9 in the article titled "Fed Nominees are 'Best People for Job'." Yellen described Fed senior advisor Donald Kohn, who is Bush's latest candidate for the Federal Reserve's Board of Governors, as "simply the most respected person at the Fed in terms of his understanding of the issues and his ability to articulate them."

Kenneth Rosen, the California State Professor of Real Estate and Urban Economics, was quoted in the Wall Street Journal on May 8 in an article titled "Regional Report: Cross Country." Rosen stated that home prices in the Bay Area are already rebounding as interest rates remain low and the economy begins to recover.

Brett Trueman, the Donald and Ruth Seiler Professor of Public Accounting, was quoted in the Asian Wall Street Journal on May 8 in the article "Heard on the Street: Auditing Concerns Batter SeeBeyond." Trueman said that SeeBeyond Technology Corp. should recognize revenue only after the software is "implemented and tested and shown to be working fine."

Yellen was quoted in the San Francisco Chronicle on May 7 in the article "Fed Policies Help Soften Blow of Recession: Interest Rate Committee Expected to Hold Line Today." She said that the recovery from the recent recession may be weak. Read the full article at: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/05/07/BU196331.DTL.

Severin Borenstein, the E.T. Grether Professor in Public Policy, was quoted in the Los Angeles Times on May 7 in the article titled "Memo Shows Enron Role in Hiking Prices." He said that the recent memos make it clear that Enron was trying to squeeze every dime it could out of the market. Read the full article at http://latimes.com/news/printedition/la-000032323may07.story.

Borenstein was quoted in the Dow Jones Energy Service in the article titled "Dire Times For Power Trading Raise Fateful Questions." He said that there is less than meets the eye with the Enron memos because some of the sorts of things the company did are fairly standard commodity trading tactics.

Borenstein appeared on several television and radio broadcasts last week discussing Enron.
May 7 -- KGO Radio interview
May 7 -- CNBC TV
May 8 -- NPR's The Connection
May 9 -- CNBC TV
May 9 -- NPR's All Things Considered

Borenstein was quoted in the Honolulu Advertiser in an article titled, "Pressure Mounting to Overturn Gas Price Cap." Read the full text at http://the.honoluluadvertiser.com/article/2002/May/12/ln/ln05a.html.

Trueman was also quoted in the Wall Street Journal on May 7 in the article "Heard on the Street: See Beyond Faces Issues With Auditor."

Kroll was quoted in the Oakland Tribune on May 7 in the article titled "2000 is Golden for Oakland, Commerce Dept. Report Says." She said that the Oakland area is doing better in the slowdown than either Silicon Valley or San Francisco. Read the full story at http://www.oaklandtribune.com/Stories/0,1413,82%257E1865%257E595102,00.html#

Borenstein was quoted in Reuters English News Service on May 7 in an article titled "USA: Enron Power Schemes Unleash California Call for Refunds." He said that it is attractive to find a bad guy and try to hang every crime on him, but in the end we will find out that Enron was small fry in this market.

Trueman was also quoted in the San Jose Mercury News on May 3 in the article "Bill Seeks to Reform Accounting." He said that the Oxley bill did not go far enough in terms of the disclosures companies are required to make; he stated that "investors are probably going to see a lot of things they don't like to see and it could mean stock prices stay more depressed for some time to come."

Dale Risenhoover, a mentor with the Young Entrepreneurs at Haas program, was quoted in the Merced Sun-Star on April 29 in the article titled "Distance Learning System Links Classrooms in Merced, Berkeley." Via a live video link, he and other mentors advised middle school students on the ins and outs of business school.

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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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