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Summer 2003 CalBusiness  
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Cole and Hakansson Retire from Fruitful Cal Careers

A professor of business administration and of sociology since 1990, Robert Cole laid down two hats when he retired on January 1, 2003. Over the course of three decades, Cole examined firsthand the differences between Swedish, Japanese, and US work cultures, business management, and most recently IT practices, first at the University of Michigan, then at Berkeley. He became a leading expert on Japanese work practices and later on quality management, culminating in the book Managing Quality Fads, published in 1999. Most recently he has worked on product development practices associated with the open source project, Linux.

Cole served as faculty director of the Management of Technology (MOT) program, a joint program with the Haas School, the College of Engineering, and the School of Information Management & Systems, building up what has come to be the largest graduate interdisciplinary program at UC Berkeley. He will continue as MOT’s faculty director and will advise universities in Japan and elsewhere on establishing similar programs.

Nils Hakansson retired after serving as a finance professor at the business school for more than 33 years. A native Swede, he came to Berkeley in 1969 and, together with Professor David Pyle, is credited with building one of the nation’s top
finance faculties.

Hakansson is known in the worldwide finance community for his concept of the Superfund index. A radical innovation in security markets, the Superfund would mimic index funds and serve as a financial intermediary similar to an ordinary mutual fund. At Haas, Hakansson chaired the search committee that identified Earl F. Cheit as the dean to succeed former dean Richard Holton and later chaired the planning committee for the new Haas School building.

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Robert Cole

Robert Cole


Nils Hakansson
Nils Hakansson
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