UC Business Plan Winners also Take Top Honor at Case Western Competition
Haas School's Center for Responsible Business Awards New Doctoral Fellowships
David Downes to Retire from Haas after almost 30 Years of Service
New Class of High School Students to Prepare for College at Haas
Haas Recognizes Excellence in Teaching through Club 6
Dean Campbell to Appear on Ronn Owens Show, July 28
Haas in the News
Happening at Haas
Gastric Retention Technologies, the winner of the fifth annual UC Berkeley Business Plan Competition, took first place and a $25,000 prize in the bioscience track of the Case Western Reserve Business Launch Competition in late June.
Gastric Retention Technologies (GRT) is developing a non-invasive approach to losing weight without the need for drugs or surgery. Patients will swallow a pill containing a polymer that will expand once it reaches the stomach, thereby reducing the feeling of hunger. The polymer itself will dissolve in a matter of days. Since it will not actually be absorbed by the bloodstream, the pill will be classified as a medical device.
The GRT principals are Dan Burnett, an MD and an MBA graduate from Duke University, and Nate Beyor, a Ph.D. student in bioengineering at UC Berkeley. Julie Kim, Berkeley MBA 03, joined the team for the Case Western competition. For more information on GRT, visit http://www.theranova.com/.
This year, Case Western opened the competition to any company wishing to enter without requiring a connection to the school. Prize money totaling $100,000 was awarded to the winning teams and runners-up for the two tracks of the competition: general technology and bioscience.
For more on the competition, visit http://www.tiime.cwru.edu/bizlaunch/index.html.
School's Center for Responsible Business Awards New Doctoral
Three outstanding Ph.D. students shared the first two fellowships in corporate social responsibility (CSR) ever to be given by the Center for Responsible Business.
Elaine Wong and Margaret Ormiston shared one of the two $20,000 one-year fellowships. Both Wong and Ormiston are Ph.D. candidates in Organizational Behavior and Industrial Relations. Their joint research focuses on "The Effect of CEO and Executive Team Decision-Making Style on Social Responsibility and Organizational Performance."
The second fellowship was awarded to Shimon Kogan. Kogan is a Haas Ph.D. candidate in Finance researching the interplay between financial markets and individual decision-making.
"Both of these research proposals reflect our substantive areas of focus and will add value to a young field of research in corporate social responsibility," says Kellie McElhaney, executive director of the Center for Responsible Business. "I am particularly pleased with the link to financial performance and decision-making; they fit perfectly with our current priority in the area of metrics in CSR."
The center plans to award two doctoral fellowships every year to support Ph.D. research in the area of corporate social responsibility.
For students to be considered for the fellowship their submitted research proposal needed to fall within one of four categories: stakeholder engagement and transparency, social enterprise and capital markets, environmental innovation, and business ethics and governance. This year, the center stated a specific priority area of metrics research.
The new Center for Responsible Business was created to advance
the Haas School's focus on the field of corporate social responsibility
and to develop new directions in the school's research, teaching,
experiential learning, and community outreach. For more information
on the center, visit http://www.haas.berkeley.edu/responsiblebusiness/.
"For over 20 years within the MBA Program, David has provided both leadership and friendship to faculty, staff, students, and alumni," says Andy Shogan, associate dean for instruction. "David is synonymous with the MBA program. Measures of an administrator's success include how many people fondly recall him or her when they think of the school and how much the school has improved during his or her tenure. By both measures, David is a great success. We will miss him!"
Downes first joined the Haas School community as an assistant professor of accounting and finance in 1974. In 1980 he was appointed director of the Haas School's San Francisco MBA Program and continued as a lecturer in accounting and finance. From 1985 to 1989 he took on the additional duties of director of executive education at Haas. He has held the position of director of the MBA program since 1983.
"Thirty years ago Dave assumed leadership of what was then a solid but fairly regional MBA program," says Dan Sullivan, director of MBA Student Services. "During his tenure, Dave raised the admissions bar, created the MBA Association and clubs structure, and ensured that students played a significant role in the life of the school. Today ours is one of the top MBA programs in the world, and many of its distinguishing characteristics -- including a culture of cooperation and participation and an incredibly bright, accomplished, and international student body -- are the direct result of Dave's vision and hard work. He has been a friend to many generations of MBA students, and an exemplary colleague to the faculty and staff. He will be sorely missed."
Although Downes retires officially on August 1, Friday was his last day on campus, since, for the remainder of the month, he, Jane Thompson, the director of the Evening & Weekend MBA Program, and Andy Shogan will be leading a group of more than 50 EWMBA students on a field study course to Mexico City, the Panama Canal, and Havana.
"In the future, I am confident that we'll see Dave
around the Haas School," added Shogan. "At a minimum,
he'll be playing as a 'legend' for the faculty/staff softball
Class of High School Students to Prepare for College at Haas
A new class of 46 high school students joined the Young Entrepreneurs at Haas program this July to learn about business and study skills with the help of Berkeley MBA student mentors as a way of preparing for college.
The aspiring young entrepreneurs will hone their study skills while learning about business, finance, and entrepreneurship. After an initial student and parent orientation on July 19, they started their two-week introduction to business today. Coming this fall, they will start to work on their own business plans.
The new YEAH participants were selected through an application process and interviews with program staff, MBA student mentors, and recent YEAH graduates.
The participants come from the Berkeley, Oakland, and West Contra Costa school districts -- some from as far as Hercules. More than 53% come from low -- and very low -- income families. About one-third come from Spanish-speaking homes. Another third is in line be the first in their families to attend college.
"Because many of YEAH's participants don't have the access to counselors or college-going peers that students attending wealthier school districts can tap into, the program provides an important advantage for its young participants as they navigate an increasingly complicated path to college," said Oscar Wolters-Duran, the program's executive director.
YEAH's track record in sending its graduates on to higher education is impressive. For the past two years, all of YEAH's graduates have continued their education after graduating from high school. Of this year's twenty graduates, six will attend California State universities, five will attend UC campuses (including three at Berkeley), one will go to Stanford, another to Columbia, and one will attend West Point. About half have decided on a major in business or economics.
For more information about YEAH, go to http://www.haas.berkeley.edu/yeah/.
Recognizes Excellence in Teaching through Club 6
Andy Shogan, associate dean for instruction, announced the names of the 71 Haas faculty members who made it into this spring semester's Club 6 by distinguishing themselves as in the classroom.
To join Club 6 faculty have to receive a median student teaching evaluation rating of at least 6 on a scale of 1 to 7.
Of the 71 Club 6 members, 23 professors and instructors received a perfect score of 7. Those who earned a perfect score are listed here (with their respective courses):
Undergraduate: Teck Ho (UGBA 106), Kellie McElhaney (UGBA 196), Nancy Wallace (UGBA 183), Cristina Banks (UGBA 151), Sue Anne Davis (UGBA 167), Stephen Etter (UGBA 131), John Phillips (UGBA 100 and 196), and Holly Schroth (UGBA 152)
Full-time MBA: Sara Beckman (MBA 294), Teck Ho (MBA 267), Andrew Shogan (MBA 247A), Sarah Tasker (MBA 222), Nancy Wallace (MBA 284), Janet Yellen (210B), and Suneel Udpa (MBA 224A)
Evening MBA: Sarah Tasker (MBA 222), Nancy Wallace (MBA 284), Meghan Busse (MBA 299E), and William Sonnenschein (MBA 291T)
Berkeley-Columbia Executive MBA: Paul Tiffany (XMBA 209)
Ph.D.: Thomas Davidoff (Ph.D. 289S), Rui de Figueiredo (IDS
270 and 279B), Tulin Erdem (Ph.D.269B), David Levine (Ph.D.
259C), David Mowery (Ph.D. 297T), Howard Shelanski (Ph.D.
279B), and Catherine Wolfram (Ph.D. 279S)
Campbell to Appear on Ronn Owens Show, July 28
Dean Tom Campbell will appear as a featured guest on the Ronn Owens radio talk show on Monday, July 28, at 10:00 a.m. To listen to the show, tune into KGO AM-810 or go to the KGO web site at http://www.kgoam810.com/.
Kenneth Rosen, California State Professor of Real Estate and Urban Economics and co-chair of the Fisher Center for Real Estate and Urban Economics, was quoted in the San Francisco Chronicle on July 20 in an article titled "Refinance Wave Crest Higher Rates Likely Will Stem Tidal Wave of Cash-Out Loans." Read the full text at http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/07/20/RE133639.DTL.
David Aaker, E.T. Grether Professor of Marketing and Public Policy Emeritus, was quoted in the Dow Jones Newswires on July 18 in an article titled "Fewer Brands Make for Better Profits in Global Beauty." Aaker commented on the importance of having fewer strong brands for consumers.
Andrew Rose, Bernard T. Rocca, Jr., Professor of International Trade and director of the Clausen Center for International Business and Policy, was featured in the British paper Herald Express on July 16 in an article titled "Abbots Battlers off the Bottom at Last."
Dwight Jaffee, Willis Booth Professor of Banking, Finance, and Real Estate and co-chair of the Fisher Center for Real Estate and Urban Economics, was mentioned in the Wall Street Journal on July 15 in an article titled "The Dismal Science: Freddie Hides in the Hedges."
Peter Sealey, adjunct professor in the Marketing Group and co-director at the Center for Marketing and Technology, was quoted in the Los Angeles Times on July 13 in an article titled "Even Mercedes Hits a Few Speed Bumps." Sealey commented on Mercedes' ineffective marketing and pricing strategies.
Andrew Rose's research on joint currencies and trade volumn was featured in The Economist on July 12 in an article titled "The Euro, Trade and Growth - Do Not Expect a Miracle."
The Star Ledger reran the CBS Marketwatch column by Chuck Jaffe titled "Everyone's a Critic Now - Personal Finance" and quoting Terrance Odean, associate professor in the Finance Group, on July 11. Odean commented on the different strategies and behaviors of investors.
Peter Sealey was quoted in The Washington Post on July 11 in an article titled "Segway Still Novelty; High-Tech Scooter, at $5,000, Has Yet to Really Catch on." Sealy commented on the bleak future of the Segway scooter.
Kenneth Rosen was quoted in the San Francisco Chronicle
on July 11 in an article titled "Mortgage Rate Hikes
May Be Bad Omen/Higher Costs Could Depress Booming Housing
Market." Rosen commented that low interest rates have
sustained the housing market. Read the full text at
The same article ran in the Seattle Post-Intelligencer on July 12 with the title "Mortgage Rate Increase Hints of Trouble Ahead." Read the full text at http://seattlepi.nwsource.com/money/130544_risingrate12.html.
Richard Kurovsky, executive director of Marketing & Communications, was quoted in the University Wire on July 11 in an article titled "U. California-Berkeley: Study: MBA Valued More Highly Now than a Generation Ago." Kurovsky commented on the continuing popularity of business degrees.
Tom Campbell, dean of the Haas School, was featured in a
special profile in the San Francisco Chronicle on July 9 titled
"Tom Campbell: Former Politicians Gets Down to Business
at Haas." Read the full text at
Peter Sealey was quoted in The Milwaukee Journal Sentinel on July 9 in an article titled "Joining the PG-13 Ship Disney Pictures Raises Level in Culture That's Used to Violence." Sealey commented on Walt Disney films adjusting to an increasingly violent youth culture.
Peter Sealey was quoted in the AFX Asia on July 2 in an article titled "Firms Can Soar, or Crash, Off Their Core Flight Paths." Sealey commented on companies' expansion efforts through new ventures.
Peter Sealey was quoted in the US Banker on July 1 in an article titled "Schwab, Meet Tipper. Tipper, Schwab. What do the Country's Duke of Discount and the Former Would-be First Lady Have in Common? They Both Stepped into the Spotlight of a Children's Crusade." Sealey commented on Schwab's decision to set up a Web-based media ratings system.
Severin Borenstein, E.T. Grether Professor in Public Policy and Business Administration, was quoted in The Oakland Tribune on June 29 in an article titled "PG&E and Southern California Edison: Similar Crisis, Different Outcomes." Borenstein commented on the proposed PG&E bankruptcy settlement. Read the full text at http://www.oaklandtribune.com/Stories/0,1413,82%257E10834%257E1485209,00.html?search=filter.
The 2003 Manifesto on the California Electricity Crisis,
created under the auspices of UC Berkeley's Institute of Management,
Innovation and Organization, was mentioned in the Contra Costa
Times on June 29 in an article titled, "California Could
Run Short of Electricity within Two to Three Years."
The same article quoted Severin Borenstein, who commented on the need for building additional power plants.
Peter Sealey was quoted in the San Francisco Chronicle on June 29 in an article titled "Going Mainstream/Firms Step up Ad Campaigns aimed at Gays." Sealey commented on the increasing advertising aimed at the target group of gay, lesbian, bisexual, and transgender adults. For full text see http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/06/29/BU149344.DTL&type=printable.
David Levine, professor in the Economic Analysis and Policy
Group and in the Organizational Behavior and Industrial Relations
Group, was quoted in the San Francisco Chronicle on June 26
in an article titled "Borrowing/Home, Car Loans Unlikely
to Fail/Fed Rates Cut May Drive down Home Equity Lines of
Credit." Levine commented that some credit card companies
are offering longer periods of zero percent introductory rates.
Read the full article at
Janet Yellen, Eugene E. and Catherine M. Trefethen Professor
of Business Administration, was quoted in the San Francisco
Chronicle on June 24 in an article titled "Fed Finding
Rate Cut Aren't Enough/Tried-and-True Solutions Fail in this
Economy." For full text, see
Terrance Hendershott, assistant professor in the Operations and Information Technology Management Group, was quoted in the Dow Jones Newswires in an article titled "Small Investors Stay Mainstream, Avoid After-Hours Trade." Hendershott commented on the advantages of avoiding after-hours stock trading.
Dwight Jaffee was quoted in the June 23 New York Times article "Fannie Mae's Accounting Finds Critics Of Its Own," in which Jaffee commented on Fannie Mae's current accounting practices differing from standard accounting rules.
Terrance Odean was mentioned in the Investment Advisor on June 23 in an article titled "Paralysis by Analysis." Odean commented that frequent traders among US private investors significantly under-perform the average.
Peter Johnson, co-director of Full-time MBA Admissions, was mentioned in the Oakland Tribune on June 22 in an article titled "The Job Rate Shuffle, Unemployment Numbers Don't Always Add up to Reality." Johnson explained the increase of Haas applicants from 2000 to 2002. The same article also quotes Richard Kurovsky saying that the previous dip in MBA applications was due to the many opportunities available to potential applicants during the Internet mania.
Kenneth Rosen was quoted in the San Francisco Chronicle
on June 20 in an article titled "Job Market Dampens Home
Price/Houses a Little Cheaper in 3 of Bay Area's High-end
Countries." Rosen commented on the disconnect between
the current job market and real estate prices. For full text,
Tom Campbell was quoted in Wired Magazine on June 6 in an
article titled "Life in the Bust Belt." Campbell
commented on the recession and the rising unemployment rate.
Read the full text at
Robert Gleeson, executive director of the Berkeley-Columbia
Executive MBA program; BC EMBA student Michael Longaker; and
Andy Shogan, associate dean for instruction, were quoted in
the San Francisco Chronicle article "Ivy Grows by the
Bay. Bay Area Execs Flocking to Pricey new MBA Programs"
on May 29. Gleeson commented on the increasing competition
for MBA programs nationwide.
Japan Alumni Annual Meeting
Thursday, July 24
6:00 p.m. to 9:00 p.m.
Please join the UC Berkeley Japan Alumni Association for its annual general meeting and reception party at Tokyo American Club.
For more information, contact the UC Berkeley Japan Alumni Association at firstname.lastname@example.org. Announcements to be mailed soon.
San Francisco Alumni Resume Writing & Career Seminar
Tuesday, August 12
Details and event registration information to follow soon.
The resume writing and career seminar features the "Best in the Bay" career coach Susan Ireland and is brought to you by the San Francisco Chapter of the Haas Alumni Network.
The Oakland Alumni: Evita at Woodminster (Sold Out!)
Evita in the Oakland Hills
Sunday, August 17
6:00 p.m. to 10:00 p.m.
Join members of the East Bay Chapter of the Haas Alumni Network for a special pre-show picnic on the top of the Woodminster Amphitheater picnic area. Features a catered cold buffet with fabulous views of the bay in a redwood setting before the award-winning 'Evita' in the amphitheater under the stars!
Pre-show Picnic: 6:00 p.m.- 7:30 p.m.
Show Time: 8:00 p.m. -10:00 p.m.
Cost: $22 per person, which includes ticket and pre-show picnic buffet and soft drinks. Limited to 26 people.
At the Main Gate of the Amphitheater, an East Bay Chapter HAN representative will meet you and show you where the Haas picnic spot is located. Tickets to the show will be distributed at the Pre-show Picnic by Aileen Evans, HAN-EB Chapter Board member; late-comers can pick them up at Will Call at the Box Office at 7:30 p.m.
Register online at http://www.acteva.com/booking.cfm?bevaid=51051
For more information, contact Aileen Evans (BA 78) at email@example.com or (510) 627-1517.
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