Reminder: 25th Annual Real Estate Symposium Convenes Monday, November 25
Telecom Veteran Arun Sarin, MBA 78, Named Haas School Business Leader of the Year
Peter Jennings to Speak at Inaugural Pearce Leadership Initiative, December 4
Economic Consequences of Iraqi Crisis Discussed by Haas School Faculty, November 25
YEAH Program Joins Socially Responsible Business Unit
Construction Updates on Distance-Learning Classroom Available on the Web
Haas in the News
Happening at Haas
The Haas School's Fisher Center for Real Estate and Urban Economics is hosting the 25th Annual Real Estate Economics Symposium on Monday, November 25, at the Fairmont Hotel in San Francisco from 8:00 a.m. to 5:00 p.m.
The symposium will focus on how the economic, political, and social shifts of 2002 have affected the economies and real estate markets of the Bay Area, California, and the United States.
To register for the symposium, visit the Fisher Center's registration form at http://groups.haas.berkeley.edu/realestate/ExecEd/regform.asp or call 510-643-6109.
The Haas School honored telecom veteran Arun Sarin, MBA 78, MS 78 (engineering), as the Business Leader of the Year for his outstanding contributions to the business of telecommunications and to the school at a gala dinner on November 7 in San Francisco. Sarin is the CEO of Accel-KKR Telecom in San Francisco.
A member of the Haas School Advisory Board, Sarin has served as the Alumni Fellow, teaching at Haas in the spring semester of 2001, and has frequently shared his experiences with the school's student and alumni communities. He and his wife, Rummi, endowed a chair in strategy and leadership in 2002 to foster the training of tomorrow's business leaders and CEOs.
In his extraordinary career as a mover and shaker in the wireless industry, Arun Sarin has managed to apply his core strengths at the helm of global conglomerates as well as at Silicon Valley startups. Combining his engineering and finance skills, passion for corporate strategy, and deep belief in the human element of business, Sarin has built a legacy as a strategist, operations genius, and visionary at the forefront of the budding wireless industry.
A native of India, Sarin attended one of the prestigious India Institutes of Technology before earning both an MBA and a Master's in engineering from UC Berkeley. Thanks to his international background, Sarin infused the corporate ranks of Pacific Telesis, AirTouch, Vodafone, and Infospace with a global perspective that is still rare in many corporations and as a result brought wireless technologies to 25 countries around the world.
At 35, Sarin became Pacific Telesys' youngest officer, serving as vice president of corporate strategy under then-CEO Sam Ginn. At Pacific Bell he identified acquisition prospects and managed mergers in the cellular industry. In 1994, he played an instrumental role in creating the old Bell's spin-off AirTouch, of which he was named president and CEO of AirTouch International. In 1999, Sarin played a key role in the merger of AirTouch and the British company Vodafone and was named the CEO of US/Asia Pacific for Vodafone AirTouch-then the world's largest wireless company.
In 2000 Sarin became CEO of the telecom startup InfoSpace, a wireless Internet infrastructure company in Seattle. Last year, he returned his professional life to San Francisco and now serves as CEO of Accel-KKR Telecom. The company invests in and manages budding telecom ventures and technologies around the globe, using the joint human and financial resources of Accel Partners and Kohlberg Kravis Roberts & Co.
Sarin is the Haas School 26th Business Leader of the Year.
Peter Jennings, the anchor and senior editor of ABC News' World News Tonight and co-author of the new book In Search of America, will address the Haas School community at the inaugural event of the Pearce Initiative for Leadership Development lecture series on December 4.
The event will be held in Zellerbach Hall on the UC Berkeley campus on Wednesday, Dec. 4, at 7:00 p.m. Admission is free, but pre-registration is required. Seating is limited and will be assigned on a first-come, first-served basis.
Haas School students can pick up tickets through their respective degree program offices starting Monday, November 18. Day-time MBA students should go to the MBA student services receptionist in S430. Evening & Weekend MBA, MFE, Ph.D., and undergraduate students, please see your respective degree program offices. The Berkeley-Columbia Executive MBA Office will coordinate the distribution of tickets for EMBA students.
Faculty, staff, alumni, and friends may register online at http://haas.berkeley.edu/pearce.
Jennings will share insights from his book, which takes readers on a journey through modern-day America, looking for connections between 21st-century life and the ideas of the founding fathers, America's first leaders.
The lecture will be moderated by Terry Pearce, leadership and communications lecturer at the Haas School. David Pottruck, co-CEO and president of Charles Schwab & Co., will give a special introduction.
The Pearce Initiative for Leadership Development is named after Terry Pearce, a veteran communications consultant, business executive, and author. Pearce works extensively with business executives and political leaders. He has served as a fellow and senior vice president of executive communication for Charles Schwab & Co.
The Pearce Initiative seeks to inspire leadership among members of the Haas School community through a lecture series, a leadership curriculum, student fellowships, participation in conferences, and support of distinguished scholars in the field. The Pearce Initiative is made possible by a gift from David and Emily Pottruck in honor of David's friend and mentor, Terry Pearce. Pottruck is the president and co-CEO of Charles Schwab & Co.
In 38 years as a broadcast journalist, Peter Jennings has covered many of the pivotal events of our times. He has been honored for his news reporting with 12 national Emmys, several Alfred I. duPont-Columbia University Awards, several Overseas Press Club Awards, and a George Foster Peabody Award.
Three leading Haas School economics faculty members will be featured at a panel discussion on "The Conflict With Iraq: What Are the Economic Consequences?" sponsored by the Clausen Center for International Business and Policy on November 25.
The discussion will take place on Monday, Nov. 25, at 4:00 p.m. in the Haas School's Arthur Andersen Auditorium. The event is free and open to the public; no registration is required.
Dean Tom Campbell will give an overview of the topic and chair the discussion. Andrew K. Rose, Bernard T. Rocca Jr. Professor of International Trade; Janet L.Yellen, Eugene E. and Catherine M. Trefethen Professor of Business Administration; and Severin Borenstein, E.T. Grether Professor in Public Policy and Business Administration, will share their views on the situation, followed by a question-and-answer session.
The Dean's Town Hall Meeting with students will take place in the Bank of America Forum from 5:00 to 6:00 p.m., immediately following the panel discussion. Refreshments during the Town Hall Meeting will be provided courtesy of the Clausen Center in association with the Asia Business Conference and the undergraduate Haas International club.
For more information, please contact Erin Smith at email@example.com.
The Haas School's 13-year-old Young Entrepreneurs at Haas program (YEAH) has officially become part of the Socially Responsible Business Leadership Initiative (SRBLI), which coordinates the school's teaching, research, and public service activities in the area of business and its impact on society.
As part of SRBLI, YEAH will be able to expand its service to the community, creating new opportunities for Haas School students, faculty, and staff to share their knowledge, especially in the areas of social enterprise, business ethics, and sustainable development. The YEAH program is under the direction of Oscar Wolters-Duran. SRBLI is led by Executive Director and Adjunct Professor Kellie McElhaney.
In one of the first fruits of collaboration, YEAH and SRBLI are developing an outreach program in Entrepreneurial Engineering, in partnership with the College of Engineering's MESA (Math Engineering Science Achievement) program. It will feature a hands-on curriculum that integrates engineering, environmental science, and social enterprise, and involves students, faculty, and staff from both schools.
YEAH has grown dramatically in recent years, as new programs based in local public schools and a partnership with the UC Office of the President have enabled the program to expand from serving 100 high school students in 1999 to 400 students this year. Over 70 Haas School undergraduate and MBA mentors teach young students the basics of business, economics, and entrepreneurship, as well as prepare their "mentees" for college.
The new distance-learning classroom being built at the Haas School is nearing completion, and visual updates of the construction progress are now available on the school's web site.
The web site features videos (approximately 135 seconds each) showing the weekly progress of construction. View them at http://haas.berkeley.edu/news/Construction.html.
The classroom is being made possible with a $900,000 gift from SBC Foundation for state-of-the-art distance learning technology and a $715,000 gift from Dong Koo Kim for the physical space.
The new distance-learning classroom will allow the school to leverage its faculty and expertise, extend its educational outreach, and strengthen corporate relationships.
The classroom could give students within the UC system access to business education and could provide executive education content to business professionals in California and around the world. Through its Center for Executive Development, the Haas School is planning to expand its lifelong educational opportunities to business professionals and to its 30,000 alumni worldwide.
The new Berkeley-Columbia Executive MBA program, which started classes for 62 middle- and senior-level managers in June 2002, will be a primary user of the space.
The classroom will have four installed video cameras and be equipped to webcast live. Haas will be able to record class sessions on video on request and make them available via the web. It will also be able to transmit distance-learning classes via IP and ISDN video conference technology.
The new classroom will be operational in time for the spring semester.
David Levine, professor in the Economic Analysis and Policy group, commented on the International Longshore and Warehouse Union labor dispute on CNBC's Power Lunch show on November 18.
Real Estate Development Professor Robert Edelstein appeared on NPR's Morning Edition on November 18 in the segment, titled "Housing Market Shows Signs of Slowing." Edelstein commented on housing markets in metropolitan areas in the US.
The Daily Californian published an article about the new Berkeley-Columbia Executive MBA program, titled "Berkeley, Columbia Join Forces in MBA Program," on November 18. Read the full text at http://www.dailycal.org/article.asp?id=10241.
The Haas School of Business is participating in the 9th World MBA Tour, which is organized by topmba.com and is set to visit Thailand on November 19. The Nation, Thailand's independent newspaper, featured the event in its article, "World MBA Tour Arrives in Bangkok," on November 18. Read the full text at http://www.nationmultimedia.com/page.arcview.php3?clid=6&id=69339&date=2002-11-18&usrsess=1.
Brett Trueman, the Donald and Ruth Seiler Professor of Public Accounting, commented on the giant software deal of September 2000 struck between Veritas Software and American Online in the San Jose Mercury News on November 16 in the article, "SEC examining Veritas deal." Read the full article at http://www.bayarea.com/mld/mercurynews/business/4534590.htm.
Brett Trueman was quoted in The San Francisco Chronicle on November 15 in the article, "Compromise proposed over options." Read the full article on the reporting of stock options at http://www.sfgate.com/cgi-bin/article.cgi? file=/chronicle/archive/2002/11/15/BU125603.DTL.
Kenneth Rosen, the California State Professor of Real Estate and Urban Economics, remarked on the anticipated spike in commercial mortgage delinquency rates in the Mortgage Servicing News on November 15 in the article, "Experts Say Commercial Delinquencies Are Likely to Keep Rising."
Richard Kurovsky, executive director of Marketing & Communications, commented on the joint Berkeley-Columbia Executive Program in The San Francisco Chronicle on November 14. Read the full article, titled "6.5% hike in student fees possible at UC," at http://www.sfgate.com/cgi-bin/article.cgi? file=/chronicle/archive/2002/11/14/BA182812.DTL&type=printable.
A study by David Levine on the impact of parental income on adult sons' income was included in the article, "The Apple Falls Close to the Tree," in The New York Times. The November 14 article can be found at http://www.nytimes.com/2002/11/14/business/14SCEN.html?pagewanted=print&position=top.
Brett Trueman was quoted in The San Francisco Chronicle on November 13 in an article on workers' pensions, titled "Chevron faces whack from pension fund." Read the full article at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/11/13/BU80560.DTL&type=printable.
A study by Andrew Rose, the Bernard T. Rocca Jr. Professor of International Trade, was featured in Canada's National Post on November 13 in the article, "Does the WTO really boost trade?" Read the full article at http://www.nationalpost.com/financialpost/story.html?id=%7B124DFEA7-4B50-47EF-8F4E-8F9C17BD43A6%7D.
David Levine commented on the computer commodities industry in USA Today on November 13 in the article, "Tech recession pushes computer giants into slugfest." Read the full article at http://www.usatoday.com/money/industries/technology/2002-11-13-tech-slugfest_x.htm.
Severin Borenstein, the E.T. Grether Professor in Public Policy and Business Administration, appeared on NPR's Morning Edition on November 13 in a segment regarding the federal energy bill under the new Republican majority.
Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business Administration, was mentioned in the Yale Daily News on November 13 in the article, "Levin may see larger pension." Read the full text at http://www.yaledailynews.com/article.asp?AID=20737.
Dean Tom Campbell was interviewed on KTVU Channel 2 News about the balance of power in the US Congress on November 12.
The Haas School's California Management Review was featured in Line 56 News on November 11 in the article, "B2B Exchange Boil Down." Read the full article at http://www.line56.com/articles/default.asp?ArticleID=4175.
Severin Borenstein appeared on KPCC (NPR Pasadena) Airtalk on November 11 in a 20-minute interview about the California energy crisis.
Severin Borenstein criticized the long-term power contract between California and energy merchant Williams Cos., Inc., in Reuters News Service on November 11. Read the full article, titled "Calif Renegotiates Williams Cos. Deal," at http://abcnews.go.com/wire/Business/reuters20021111_548.html.
Speaking on the outlook for the economy and real estate, Kenneth Rosen was quoted in the National Mortgage News on November 11 in the article, "ULI Speakers Have Different Things to Say About the Economy's Outlook."
Brett Trueman commented on companies' stock options in The San Francisco Chronicle on November 10 in the article, "Silicon Valley fights fiercely for options." Read the full article at http://www.sfgate.com/cgi-bin/article.cgi? file=/chronicle/archive/2002/11/10/BU213060.DTL&type=printable.
Peter Thigpen, lecturer in the Business and Public Policy Group, was quoted in The San Francisco Chronicle on November 10 in an article about corporate ethics. Read the full article, titled "A lesson in ethics," at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/11/10/ED168384.DTL.
Andrew Rose remarked on the advantages of regional trade pacts over global ones on BBC News on November 10 in the article, "Doha trade deal unraveling." Read the full article at http://news.bbc.co.uk/1/hi/business/2436803.stm.
Janet Yellen and Laura Tyson, former Haas School dean, were mentioned in the Oakland Tribune and the San Mateo County Times as two of UC Berkeley's foremost economists, having frequently testified in congressional hearings. Yellen and Tyson are also former chairs of the President's Council of Economic Advisors. The article, titled "Economics Department Turns 100," was published on November 9 and can be found at http://www.sanmateocountytimes.com/Stories/ 0,1413,87%257E11271%257E981190,00.html.
Janet Yellen, who serves as a member of Yale University's Yale Corporation, as quoted in the Yale Daily News on November 8 in the article, "EA decision was unanimous, Corp. fellows say." Read the full article at http://www.yaledailynews.com/article.asp?AID=20667.
The San Francisco Business Times wrote that the Haas School of Business implemented changes in business ethics instruction long before the explosion of boardroom misdeeds in its article, "Accounting chicanery sparks change in class." Read the November 8 article at http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2002/11/11/focus4.html.
Terrance Odean, assistant professor in the Finance Group, was quoted in The Asian Wall Street Journal on November 8 in the article, titled "Your Money - Investing: Dipping Your Toes in the Water." He advised investors on how to re-enter the investing pool.
The Financial Times published a Comment & Analysis article by Andrew Rose, titled "A free trade club without benefits," on November 8. Rose compared trade patterns for countries in the World Trade Organization (WTO) with those outside the system in order to assess the impact of the WTO on free trade.
Janet Yellen was quoted in The San Francisco Chronicle on November 7 in an article about the Federal Reserve's decision to slash a key interest rate. Read the full article, titled "Surprisingly big rate cut, but Federal Reserve insists economy isn't so bad," at http://www.sfgate.com/cgi-bin/article.cgi? file=/chronicle/archive/2002/11/07/MN182073.DTL&type=printable.
Janet Yellen appeared on NPR's Morning Edition on November 7 in the segment, "Analysis: Federal Reserve's rate cut yesterday."
Berkeley voters overwhelmingly vetoed Measure O, the coffee initiative, but Christine Rosen, associate professor in the Business and Public Policy Group, commented on the benefits of free-trade coffee in the Oakland Tribune's "Berkeley coffee going to be just like it used to be." Read the full article, published November 7, at http://www.oaklandtribune.com/cda/article/print/0,1674,82~1726~975895,00.html.
Carl Shapiro, the Transamerica Professor of Business Strategy, commented on Microsoft's victory in its landmark antitrust battle in the November 7 issue of Business Week in the article, titled "Microsoft's Secret Antitrust Weapon: Luck."
Tom Campbell commented on Bush's call to make generic prescription drugs more widely available in The San Francisco Chronicle on November 7. Read the full article, titled "Senate majority a boon for White House's economic agenda," at http://www.sfgate.com/cgi-bin/article.cgi? file=/chronicle/archive/2002/11/07/BU133872.DTL&type=business.
In an interview about the World Trade Organization, Andrew Rose commented on the possible effects of WTO membership on trade flows. BBC News covered the story on November 6 in the article, "Who needs the WTO?" Read the full text at http://news.bbc.co.uk/1/hi/business/2406331.stm.
Janet Yellen appeared on NPR's All Things Considered on November 6 in the segment, "Analysis: Federal Reserve policy-makers surprise markets with larger-than-expected interest rate cut."
Andrew Rose was quoted in the Financial Times on November 5 in the section "Britain and Europe - The Economy." In the article, "Effects of the single currency take time to trickle through," Rose commented on the boom in the euro zone.
Severin Borenstein remarked on the Federal Energy Regulatory Commission's (FERC) inquiry into a report that concluded generators failed to produce all available power during the West's energy crisis in the Nov. 4 Dow Jones Business News article, "FERC Inquiry Into Power Withholding Welcomed By Some."
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