Haas NewsWire

Haas NewsWire, July 15, 2002

Undergraduate Business Program Expands to Admit New Wave of UC Students
St. Petersburg's Business School Opens New Building, Bestows Honorary Degree on Prof.    David Teece
IBER Inspires Public Web Site to Facilitate Research on Asian Immigration
Executive Education Programs Ranked by Financial Times
Knowledge is Power Program Trains School Leaders at Haas School
Non-Business Majors Gain Competitive Edge at Haas School
Haas in the News
Happening at Haas

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Undergraduate Business Program Expands To Admit New Wave of UC Students

The Haas Undergraduate Program is expanding to meet a new wave of incoming students planning to enroll in UC Berkeley majors in the coming years. The student increase, which was recently approved by central campus, will start this coming academic year with an increase of 50 students to the traditional 275-student class.

The Haas Undergraduate Program has historically been one of the hardest majors on campus for students to gain admission. While the undergraduate business programs generally draws the best and the brightest applicants among UC Berkeley's juniors and the region's transfer students, the program has had room to enroll only 275 of the 1300 applicants. The expansion will allow more of these qualified applicants to gain admission to the Haas program.

The expansion of the Haas undergraduate program not only helps the currently impacted major, but helps prepare for the swell of new students the University of California expects to hit campuses nationwide as children of the baby boom generation are preparing for college.

Annie Lai, director of Undergraduate Admissions and Operations and Haas Undergraduate alumna, sees the proposed changes as positive for both students and the program. The expansion will increase the number of Haas School alumni, thereby strengthening the alumni network. It will also secure more funding to hire additional Haas faculty, as the university allocates state funding based on student enrollment.

"We're pleased that campus has given Haas the resources to expand the undergraduate program both in terms of eventually accepting and enrolling an additional 150 students and in terms of allowing more access to business courses by non-business majors,"states Andy Shogan, Associate Dean for Instruction.

The Haas Undergraduate Program will fully use the summer session, requiring all admits to attend six weeks of pre-program summer school. The new July start date will help to accommodate the increased class size and allow all students to start the program together. Central campus plans eventually to regularize summer as another academic semester; the new July start date for undergraduates is a step towards this effort.

Haas will also eliminate the spring admission cycle and phase out the business minor to make way for more business majors. The proposed student increase would add an additional 150 students to the two-year program by 2004-2005.

Spring 2003 will be the final spring admission round and from then, applicants will be able to apply in the fall. Beginning in the 2003-04 academic year, new admits will begin in early July. The summer school proposal is designed to integrate Cal students with their transfer student counterparts as they enter the fall program.

Summer school will begin six weeks prior to students' fall start date, so that the summer classes will run right into the fall semester and students can have a lengthy summer break before July. Classes will be scheduled only two days a week, so students will be able to work part-time, take additional summer classes, or explore the area.

For more information about the Undergraduate Business Major Expansion, see: http://www.haas.berkeley.edu/Undergrad/major_expansion.html

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St. Petersburg's Business School Opens New Building, Bestows Honorary Degree On Prof. David Teece

St. Petersburg University's School of Management (SOM) celebrated a major milestone on July 1 with the grand opening of its new facilities. The festivities included the conferral of an honorary degree to Haas professor David Teece, who has played a leadership role in the founding of SOM, the first business school at a major Russian university.

The Haas School's Institute of Management, Innovation & Organization (IMIO) has been instrumental in helping the University of St. Petersburg establish the School of Management. David Teece, director of IMIO and Mitsubishi Bank Professor of International Business and Finance, received SOM's honorary degree for his leadership role in this international partnership and for his research and academic work in strategic management.

The relationship between UC Berkeley and St. Petersburg University (then known as Leningrad State University) started as an exchange program in 1987, with Teece serving as a key advocate. Since then, approximately 45 Berkeley faculty have taught at SOM, visited or advised its faculty on course content, research, publications, or administrative matters. For example, Haas professor Dwight Jaffee serves as the faculty director of the St. Petersburg partnership. Haas lecturer Godwin Wong conducts an annual business plan competition for SOM students. Milt Ternberg, head librarian of the Haas School's Business & Economics Library, has been instrumental in helping SOM develop its library.

Since its founding in 1993, SOM has grown from 35 students to 950 students in 2001. The school offers doctorate, graduate, and undergraduate programs as well as specialized courses and attracts students from the region and from as far as Europe, Mongolia, China, Algeria, and Syria.

SOM's new home is a pair of adjacent and connected architecturally distinguished late-18th century mansions not far from the central university campus on Vasilievsky Island. The two buildings, which were donated to SOM by the city of St. Petersburg in 1996, were renovated with nearly $4 million raised by its board, including two $1 million gifts from Arthur B. Schultz, a retired Norwegian-American businessman whose foundation has supported other projects to encourage the development of modern business practices in Russia, and from Hungarian-born investor George Soros.

The only other UC Berkeley faculty person to receive an honorary degree was Haas professor Oliver Williamson in 1997.

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IBER Inspires Public Web Site to Facilitate Research on Asian Immigration

A joint effort between the Haas School, the Institute of Business & Economics Research, and the National Archives and Records Administration has just made searching for information on early Asian immigrants to the United States much easier. A new web site designed by the Haas School and IBER facilitates the search of records on people who immigrated to San Francisco and Honolulu, Hawaii, in the 19th and early 20th centuries.

The Early Arrivals Records Search (EARS) database - available on the Web at http://groups.haas.berkeley.edu/iber/casefiles - was created from data compiled by the Pacific Region of the National Archives and Records Administration (NARA) in San Bruno, California.

"The electronic database saves relatives of such immigrants and social study researchers much time in determining whether a file on a certain individual even exists, before they get in the car and drive to San Bruno,"said Robert Barde, academic coordinator at the IBER, whose investigation of immigration issues inspired this new Web-accessible database. "Those interested in seeing a file still need to drive to San Bruno to do so, but they can save themselves many steps by using the database first."

Until recently, it was necessary to visit the National Archives in San Bruno to determine if a file existed on a certain individual. But the new EARS database allows anyone with Internet access to find whether the National Archives has a case file for a particular individual, that individual's case number, and basic information about this person's immigration to the United States. With the help of a case number, National Archives staff can locate the physical case file at their archives in San Bruno.

Several million people passed through the immigration stations in San Francisco and Honolulu between 1882 and 1955. Asian Americans were often subject to extensive investigation. Many of these investigations are documented in nearly 250,000 Immigration and Naturalization Service case records maintained at NARA-San Bruno's regional archives.

The case files are priceless resources for studies of federal immigration, Asian-American, and family history. It is often possible to trace ancestral families back to their home villages in "the old country."A typical case file may contain a person's biographical data and family history and may hold certificates of identity and residency, correspondence and coaching materials used by "paper sons,"immigrants who gained entry to the United States by posing as sons of already-admitted immigrants. It may also contain official immigration documentation and verbatim transcripts of INS interrogations.

Daniel Nealand, archival operations director for the National Archives and Records Administration, Pacific Region, in San Bruno, California, supplied the data to build the project. Lisa Martin of the Haas Computing Center developed the database. Neal Fujioka in the Haas Marketing & Communications office is responsible for the web programming and site design. Patt Bagdon at IBER designed the banner for the web page.

Robert Barde served as the project coordinator. His article, "An Alleged Wife: A Tale of Angel Island", is available at http://haas.berkeley.edu/~barde/immigration/Passages article.pdf.

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Executive Education Programs Ranked by Financial Times

The Financial Times recently published its rankings of executive education programs of business schools around the world, ranking the Haas School's Center for Executive Development (CED) #30 overall worldwide.

CED was ranked in both open enrollment and in custom programs this year. Its open enrollment programs ranked #25 in the world and #16 in the US. Its custom programs ranked #39 in the world and #18 in the US. CED scored high in both programs for its course design, teaching materials, faculty, and purveying new skills and learning.

"We are pleased to be back in the rankings with both sets of programs and to be among the top 20 programs in the US," said Paul Stames, the Haas School's assistant dean for executive learning.

The survey was based on responses from no more than 10 program purchasers or participants per school and on data supplied by the schools themselves. Factors the Financial Times scored based on participant or purchaser questionnaires accounted for 80% of a school's overall score.

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Knowledge is Power Program Trains School Leaders at Haas School

The Haas School's Center for Executive Development (CED) is hosting the third annual Knowledge is Power Program (KIPP), sponsored by Doris and Don Fisher, chairman of Gap Inc. KIPP is a national, nonprofit organization that trains school leaders to open and run academically rigorous public schools in urban areas.

This year, twenty "Fisher Fellows" arrived at Haas on July 8 for an intensive six-week program. They came from all over the US-from Georgia to California-to be introduced to the essential components of organizational and academic leadership most relevant to starting and running successful schools. So far, KIPP schools have been successful in retaining students and improving their test scores.

The training program for Fisher Fellows is one year long. The training begins at the Haas School, followed by a four-month residency at an exemplary school, whereafter they begin their start-up preparations for a July school opening. Haas lecturer Nancy Euske serves as the faculty director and plays an integral role in training the fellows during their Haas program.

The first schools opened seven years ago with a prevailing idea that more class time leads to excellence. KIPP students spend roughly 67% more time in the classroom than the typical public school student. They are in school from 7:30 a.m. until 5:00 or 6:00 p.m. participating in both academic and extracurricular activities. Teachers carry cell phones to field late-night homework questions. Parents, students, and teachers sign contracts to confirm their commitment to the program, and students earn "paychecks" for good behavior entitling them to make purchases at the school store and field trips to the White House and the southwest.

For more information about the program visit: http://www.kipp.org/fisher_fellowship/index.html, or contact KIPP Coordinator, Chantal Laurie, claurie@kipp.org. A San Francisco Chronicle article about KIPP, published on June 13, is available at http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2002/06/13/MN45756.DTL&type=printable.

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Non-Business Majors Gain Competitive Edge at Haas School

The Business for Arts, Sciences, and Engineering (BASE) program, which teaches fundamental business skills to non-business majors from across the nation, started its fifth year on July 8.

BASE is run by the Haas Undergraduate Program and helps non-business students to develop the skills necessary to operate in an increasingly complex global environment. This summer, BASE enrolled 51 students from some of the nation's top institutions, including Stanford, Northwestern, Dartmouth, Brown, and Princeton.

"The BASE program has been extremely successful at assisting undergraduates from around the country in gaining a competitive edge in the marketplace," notes Dan Himelstein, executive director of the undergraduate program. "The integration of classroom learning with activities outside the classroom provides the BASE students with a rich academic experience."

This six-week intensive program gives students the opportunity to learn business fundamentals from Haas School faculty. All students take courses in Finance and Financial Accounting, Marketing, and Human Resource Management.

Haas School and Berkeley alumni contribute their business expertise to the BASE Program through workshops and field trips. For example:

Most of the BASE students have recently completed their sophomore, junior, or senior year, and already have a solid foundation in liberal arts, sciences, or engineering. Although many of the enrolled students are from UC Berkeley, more than half come from outside Cal.

For more information regarding the BASE program, visit http://haas.berkeley.edu/Undergrad/BASE.html or e-mail BASE@haas.berkeley.edu.

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The San Francisco Business Times featured an article titled "Women Still Hold Down Real Estate's Home Front" on June 7 about the growing number of women in the MBA program at Haas. See the article here: http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2002/06/10/focus4.html?t=printable

Brad Saffer, MBA 2002, was featured in an East Bay Business Times article on June 7 titled, "Equal Time: Recruiting, Work Hunting Tactics Shift With Economy" about the job market. Abby Scott, Haas's Director of Career Development, was also quoted in the same article on shifts in recruiting practices in the recent market. See the full article at: http://eastbay.bizjournals.com/eastbay/stories/2002/06/10/smallb3.html

The Berkeley Daily Planet printed an article titled "BHS Students Design a City" on June 11 about an urban planning program for Berkeley High School students designed by the Fisher Center for Real Estate and Urban Economics.

Severin Borenstein, the E.T. Grether Professor in Public Policy and Business Administration, appeared in several publications on the topic of energy:
June 11 in the Financial Times;
June 17 in the San Jose Mercury News;
June 19 in The San Francisco Chronicle (http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/06/19/MN106033.DTL);
June 21 in The New York Times;
June 23 in the Desert Sun;
June 26 in Reuters News (http://www.reuters.com/news_article.jhtml?type=search&StoryID=1137253);
June 28 in the Los Angeles Times Home Edition;
July 11 in the Canadian Press;
July 12 in the Bradenton Herald (http://www.bradenton.com/mld/bradentonherald/3646815.htm);
July 12 in the Contra Costa Times;
July 12 in the South Florida Sun-Sentinel;
July 12 in the Milwaukee Journal Sentinel;
July 15 in the San Jose Mercury News.

Borenstein was also interviewed on various radio programs on energy:
June 18 on KCBS;
June 18 on KGO;
June 20 on KQED;
July 11 on NPR.

Christine Rosen, associate professor of public policy, was quoted in the Los Angeles Times on June 12, about the court decision on human rights violations by Unocal Corp. and the potential impact it will have on other US corporations.

Brett Trueman, the Donald and Ruth Seiler Professor of Public Accounting and director of the Center for Financial Reporting and Management, was quoted on June 13 in the San Francisco Chronicle in an article titled, "Davis Backs Tech Firms on Options." He commented on Governor Gray Davis' speech to Silicon Valley executives about the importance of stock options in the tech industry. Read the full text here: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/06/13/BU147915.DTL.

Tom Campbell, new dean of the Haas School, was mentioned in an article titled "Executive Suite Scandals" appearing in the San Francisco Chronicle on June 14. Campbell commented on the need for reform in corporate conduct. See the full article here: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/06/14/ED213634.DTL.

Kenneth Rosen, the California State Professor of Real Estate and Urban Economics, was quoted in Business Week on June 17 in an article titled, "House Prices: More Down-to-Earth?" He commented on the recent growth in house prices.

Trueman was also quoted in several publications commenting on corporate fraud and accountability:
June 18 in USA Today (http://www.usatoday.com/money/general/2002/06/18/audits.htm);
June 26 in CBSMarketWatch.com;
June 26 in USA Today (http://www.usatoday.com/life/cyber/invest/2002/06/27/worldcom-whatdo.htm);
June 27 in the Los Angeles Times;
June 27 in USA Today (http://www.usatoday.com/money/telecom/2002-06-27-worldcom-capitalize.htm);
June 28 in Newsday (http://www.newsday.com/business/local/newyork/ny-bzworl282765998jun28.story);
June 29 in the Contra Costa Times;
June 30 in the San Jose Mercury News;
July 2 in the Daily Californian (http://www.dailycal.org/article.asp?id=8881&ref=search);
July 10 in the Contra Costa Times;
July 10 in the San Francisco Chronicle (http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/07/10/BU175160.DTL).

Trueman was also interviewed on NPR several times talking about corporate fraud:
June 26 on "Morning Edition"
June 26 on "All Things Considered"
July 2 on "Morning Edition"

Borenstein was also quoted in the San Francisco Chronicle regarding gas prices in an article on June 19 titled, "Price of Gas Stabilizes, Not Expected to Heat Up as Summer Driving Picks Up." He commented that oil prices are not likely to change this summer. Read the full article here: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/06/19/BU62103.DTL.

David Aaker, the E.T. Grether Professor Emeritus of Marketing and Public Policy, was quoted in Business Line on June 20. In the article titled, "B2B and Branding," Aaker was quoted on the importance of branding.

Ronald Star, teaching fellow at Haas, was mentioned in the Press Democrat of Santa Rosa on June 21 in an article entitled, "This Boot Camp Exercises Brains." The article referenced his speech on mergers and intellectual property at the Entrepreneurship Excellence Course at Sonoma State University. View the article here.

Florian Zettlemeyer, assistant professor of marketing, was quoted in the San Francisco Chronicle on June 23 in an article titled, "Lackluster German Universities Move to Stanch Brain Drain." He commented on the problems plaguing the German University system. Read the article here: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/06/23/MN241109.DTL.

Sunil Dutta, assistant professor of accounting, was quoted in Newsday on June 26 in an article titled, "WorldCom Whopper." Dutta commented on general accounting principles in relation to WorldCom. Read the article at: http://www.newsday.com/mynews/ny-bzcom262763763jun26.story.

Cynthia Kroll, regional economist for the Fisher Center for Real Estate and Urban Economics, appeared on KRON Channel 4 news on June 24 on rising home prices, and again on June 26 on how attitudes toward investments in stocks and home ownership have shifted.

Kroll was also quoted on June 26 in the Contra Costa Times in a roundtable series of articles on Bay Area housing issues and possible solutions.

The Haas School's International Business Development course was featured on KQED radio on June 27. The segment described how Haas students in a project with Hewlett Packard helped wire a group of small villages in India to the Internet.

Interim Dean Benjamin Hermalin was quoted in a San Francisco Chronicle article on June 29 entitled, "SEC's Plan Is Toothless." He commented on the SEC's new requirement for CEOs to personally certify that all financial statements are true, and how it is just a "window dressing." See the full text here: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/06/29/BU151545.DTL.

Terrance Odean, assistant professor in finance, was quoted on June 30 in the Chicago Tribune in an article titled, "Investors Left to Speculate about Capitulation in Stock Market." He commented on how investors will react to changes in the market.

In a June 30 San Francisco Chronicle article titled, "Business' Bad Apples Taint Economy's Core," David Vogel, the George Quist Professor of Business Ethics, commented on the current corporate scandals, and how they affect European views on corporate America. Read the full article here: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/06/30/MN122878.DTL.

Dwight Jaffee, the Willis Booth Professor of Banking, Finance, and Real Estate, appeared in an Investment Dealers Digest article on July 1. The article, titled "Safer Than You Think," cited and discussed Jaffee's paper, "The Interest Rate Risk of Fannie Mae and Freddie Mac."

Raymond Miles, professor emeritus and former Haas dean, was quoted in the Daily Californian on July 2 in an article titled "UC Portfolio Takes Beating from WorldCom Stock Plunge" about the effects of WordCom's collapse on the UC portfolio. Read the article here: http://www.dailycal.org/article.asp?id=8881&ref=search.

Hermalin was also quoted on July 5 in the San Francisco Chronicle commenting on the "know-nothing" defense used by corporate executives. See the article here: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/07/05/BULAZ.DTL.

Trueman was quoted in the San Jose Mercury News on July 7 in an article titled, "Reports May Give Clues on Tech Economy." Trueman discusses his predictions for the second quarter financial results by tech companies.

Jay Stowsky, the associate dean for school affairs and initiatives at Haas, was quoted in the Daily Californian on July 8 in an article titled, "Business School Degree Not So Marketable, Stanford Report Says." He defended the importance of an MBA, despite the findings of a Stanford University study. See the article here: http://dailycal.org/article.asp?id=8894&ref=search.

Hermalin was quoted in the Los Angeles Times on July 9 in an article titled, "In a Word, Enron." Hermalin commented on how Haas is one of the few business schools that require MBA students to take an ethics class.

Trueman was quoted on July 9 in an article in the San Jose Mercury News titled, "To Retain Employees, Companies Will Still Grant Stock Options." He commented on the recent debates over the accounting of stock options in tech companies.

Robert Cole, the Lorraine Tyson Mitchell II Professor of Leadership and Communication, was quoted in the Financial Express on July 10 in an article titled, "Playing The Innovation Sweepstakes." He commented that innovation in business could come from small improvements over time.

Hermalin was quoted in San Francisco Chronicle on July 10 in an article titled, "No Capitalism Without Conscience, No Wealth Without Character." He discussed President Bush's recent speech about corporate accountability. See the article here: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/07/10/MN34813.DTL.

Kroll was quoted in the Contra Costa Times on July 12 in an article titled, "Swapping Stocks for Real Estate in Shaky Times." Kroll talks about the rising interest in investments in real estate as opposed to the stock market. Read the full text here: http://www.bayarea.com/mld/cctimes/3648421.htm.

The Early Arrivals Records Search database on the World Wide Web was featured in the Berkeley Daily Planet on July 5 as well as the Contra Costa Times on July 12 (http://www.bayarea.com/mld/cctimes/3649035.htm). The online database was created by the Haas School's Institute of Business and Economics Research in collaboration with the Pacific Region of the National Archives and Records Administration, and facilitates the search process for early Asian immigrant information.

Hermalin has done several radio and television interviews on corporate governance and business ethics, including one on KQED radio on July 10; on KTVU Channel 2 on July 12 and 14; and on July 12 on ABC Radio (KGO) with George Ramirez.

Campbell was also featured in the July 15 issue of Business Week. The article, titled, "The New Dean Shaking Up Berkeley's B-School" ran a detailed profile on Campbell, including his background and his goals for the Haas School.

The Contra Costa Times also printed an article profiling Campbell. The article, titled, "Passion for Principle Drives New Haas Dean," emphasized Campbell's passion for education, strong ethical principles, and vast experience outside academia. Read the full article here: http://www.bayarea.com/mld/cctimes/living/education/3665123.htm

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