IN THIS ISSUE: THE BUSINESS OF HEALTH CARE 16 HIGH-IMPACT LEADERSHIP 18
FROM THE DEAN
reetings from Olin Business The heart of the plan is expanding the In collaboration with our colleagues in
School, and welcome to intersection of our three core constituents: Washington University’s School of
OlinBusiness Magazine. Our faculty, students, and business. We Medicine, we debuted a leading-edge
goal is to connect you with aggressively are creating new ways to undergraduate major and minor in Health
people, ideas, and the exciting, new apply our defining asset — the rigorous, Care Management this fall. Our “Sports
things underway at Olin that carry out highly productive research and critical- Management” and “Economics of
our long-standing mission of creating thinking mind-set of our faculty — to timely Entertainment” courses are our two
knowledge, inspiring individuals, trans-
management issues. We are bringing busi-
ness into the center of the Olin learning
experience and building active, mutually
latest offerings for putting students face
to face with global business leaders and
the real-world issues these leaders con-
These six simple words of our mission valued partnerships in the process. And, front. The courses follow the successful
statement inspire us to consider how we by involving students, we are developing model of Emerson’s Chairman Emeritus
must change today to fulfill our mission hands-on opportunities for them to become Chuck Knight and professor Anjan Thakor’s
tomorrow. We are not content to think better critical thinkers, collaborators and “Performance Without Compromise”
incrementally. Our vision is that Olin will future leaders. course, now in its fourth year.
be recognized as one of the world’s best
business schools. This past year, we set In short, collaboration and “research-driven
n the international front, our
a plan in motion for getting there. thinking, applied” are the overarching
Executive MBA partnership Karen Branding, EMBA ’03
with Fudan University in Associate Dean and Director of F E AT U R E S
Shanghai, China, is recognized Marketing and Communications
“We are not content to think incrementally. Our vision as a leading center of excellence. We The High-Impact
is that Olin will be recognized as one of the world’s continue to evaluate and form new Managing Editor Transformative Leadership
strategic partnerships and footholds in Jill Pfeiffer
best business schools. This past year, we set a plan in the world marketplace. Editor Power of Critical Olin’s new executive educa-
motion for getting there.” Beth Rauhut
Thinking tion program addresses the
The fruit of our labors is growth — in Jeremiah Methven, AB ’09
both size and quality. We received 3,080 A faculty roundtable describes challenges of a competitive,
Class Notes Editor/
applications for the 135 slots for this fall’s Production Assistant
the process behind effective global marketplace.
themes of our plan, and we are making decision making and why it’s
BSBA freshman enrollment, making it
tremendous progress on both.
one of the most selective classes in our
history. Applications for this fall’s full-time
Amy De La Hunt
crucial for business — and
his year, we hired 20 exceptional Julia Johnson
MBA entering class were up 81 percent Andrea Mongler
new faculty members — a historical
over 2006, and applications for our new Rick Skwiot
high in annual recruiting for Olin. Annette Unser
MS/Finance Program were up 68 percent
We launched three important
since just last year. Similarly, the PMBA
centers to catalyze research and business
Program has filled to capacity in each
The Business of
involvement: the Institute for Innovation and
Growth, Center for Finance and Accounting
of its last three intakes. And, our EMBA Jon Furst Health Care
students continue to make us proud with Michael Jacob
Research, and Olin Leadership Assessment Geoff Story Professors Barton Hamilton
their outstanding leadership and career
Center. We have made corporate relations David Stradal and Dr. Bruce Lee Hall prepare
and outreach priorities to ensure we are Washington University a new generation of leaders to
earning the trust and partnership of busi- Photographic Services “change the face of health
Much has been accomplished, and there
nesses and recruiters. We also are close to care delivery.”
is much yet to do to realize our vision. CONTRIBUTORS
finalizing plans for a new core facility that
Your partnership and support inspire us Leah Costantino, AB ’97
will not only accommodate our growth but Dan Goldstein, AB ’07/MACC ’08
daily and will continue to be central to
also secure Olin’s overall competitiveness. Dena Goldstein
our future success. Teresa Melton
We expanded critical thinking Andrea Mongler
Our thanks and best wishes, Lexie O’Brien, MBA ’90
in our MBA Program and intro- Ben Pfeiffer
duced it into the undergraduate Ginnie Seigel
experience, as well as into Suzanne Shenkman, PMBA ’06 D E PA R T M E N T S
our nondegree executive Gloria Stukenbroeker
education portfolio. We will Newsworthy 2
A special thank you to the faculty,
continue to incorporate critical staff, alumni and other friends
Mahendra Gupta Faculty Research & News 6
thinking into all we do, equipping who contributed to this publication.
Dean and Geraldine J.
students with the rigorous mind-set Alumni Connections 22
and Robert L. Virgil
needed for delivering superior solu- CORRESPONDENCE
Professor of Accounting Olin Business School Class Notes 25
tions to complex business problems.
and Management Washington University in St. Louis
Campus Box 1162 In Memoriam 32
One Brookings Drive
St. Louis, MO 63130-4899 Your Career 33
2 0 0 8 // OlinBusiness 1
Conference Promotes New Course Examines Growth Strategies for
Business Innovation Presidential Election Brazilian CEOs
Olin’s first Innovation Exchange Conference “The Business of Presidential Elections,” a In June, Olin hosted the 2008 Brazilian
took place in May at Olin, bringing together topical addition to the slate of innovative CEOs Strategy for Growth Program, a joint
faculty, EMBA students and business courses Olin offers this fall, has generated venture between Olin and Brazilian busi-
experts. Mahendra Gupta, dean and a lot of interest with students. Taught by ness school Fundação Dom Cabral (FDC).
Geraldine J. and Robert L. Virgil Professor Steve Malter, PhD, director of student
of Accounting and Management, provided development, the class examines the Program sessions covered a wide range of
opening remarks, and Dr. William Peck, impact of the 2008 growth topics and were taught by Chuck
Alan A. and Edith L. Wolff Distinguished election on domestic Knight, chairman emeritus, Emerson;
Professor of Medicine and director of and international Anjan Thakor, senior associate dean and
Washington University’s Center for Health business. John E. Simon Professor of Finance;
Policy, delivered the keynote speech. Jackson Nickerson, Frahm Family We’ve come so far! EMBA Class 29 members
Conference participants represented The course Professor of Organization and Strategy; Carl Nielsen and Tonya Noble graduated
more than 55 companies. analyzes the Todd Milbourn, professor of finance; Stacy from Olin’s Executive MBA program in June
candidates’ market- Jackson, adjunct professor, leadership and 2008. Business professionals can take advan-
Conference speakers were well-known ing and branding efforts professional development; and FDC’s tage of the EMBA program in two formats:
innovation experts from business and and the differences between John Carlos Alberto Arruda de Oliveira, profes- EMBA Weekend, which meets every other
European Union Mock Parliament education, including Tony Sardella, founder McCain’s and Barack Obama’s policies on sor of innovation and competitiveness and week for two-day sessions (Friday and
and CEO of Evolve24; Carliss Baldwin, health care, taxation and trade — and the coordinator of the Nucleus of Innovation Saturday), and EMBA Monthly, which
Enriches International Internship Programs professor at Harvard University; Christoph effects their party platforms will have in of the Foundation Dom Cabral, and Luis meets once a month for three-day sessions
Loch, professor at INSEAD; Mark Lewis, the global marketplace. Augusto Lobão Mendes, professor in the (Thursday, Friday, Saturday). EMBA Weekend
Olin added a new element to its under- other experts. Each team represented MBA ’94, principal, Advantage Capital areas of business strategy, management Class 33 started Sept. 21, 2008, and EMBA
graduate International Internship the views and interests of the country Partners; and Jeff DeGraff, professor at Like the campaign, the class is sure to of trials, the organizational climate, remu- Monthly Class 34 starts in April 2009.
Programs last spring: an on-site mock it had visited. University of Michigan. Olin senior faculty spark debate. neration variable and performance.
parliament at the Espace Léopold — and University faculty members were
a complex that houses the original According to Nick Hugh, Olin’s director panelists for the program sessions.
legislative chamber of the European of European programs: “Students’ learning ‘Sports Management’ Added to Elective Lineup
Union (EU) — in Brussels, Belgium.
Students debated the financial
implications of the enlargement of the
EU. For research, they traveled in pairs
to one of 19 European cities, where they
and appreciation of the business
environment are taken to a new level
when they actually meet with individuals
who influence and make policy. The mock
parliament gave students an excellent
orientation to Europe, which proved
The conference was made possible by the
Weston Foundation and sponsored by
Olin’s new Institute for Innovation and
Growth — the catalyst, focal point and
coordinating body of all business school
activities that lead to breakthrough
March 18 was “opening day” for Olin’s
new “Sports Management” course,
co-taught by finance professor Todd
Milbourn and Seth Abraham, former
president of Madison Square Garden
Neal Pilson, former president of CBS
Sports; Tony Ponturo, vice president of
global media and sports marketing at
Anheuser-Busch; Harvey Schiller, former
president of Turner Sports; and Selena
interviewed government officials and extremely helpful in their internships.” research in innovation and creativity. and Time Warner Sports. Roberts, senior writer for Sports Illustrated. PREVIEWS
Abraham says the course gives students “Our thanks to Seth Abraham and December 6, 2008
Olin Opens “a panoramic view of the business Todd Milbourn for this winning Registration: 8:45 - 9 a.m.
of sports around the world.” addition to our curriculum,” says Information Session: 9 - 10:15 a.m.
Management Olin Dean Mahendra Gupta. “It Strategic Cost Accounting & Control,
Communication Lab This year’s class featured an
all-star lineup of guest
brings business issues and business
leaders into the center of the
Dean Mahendra Gupta: 10:15 - 11:30 a.m.
Lunch with current students:
speakers including: learning experience, and we’re 11:30 a.m. - 12:30 p.m.
Superior communication skills are essential
thrilled to be able to offer this
in today’s business world, and a priority at
course to our MBA and
January 10, 2009
Olin. This September, Olin launched the Registration: 8:45 - 9 a.m.
Management Communication Lab, staffed Information Session: 9 - 10:15 a.m.
with on-site consultants to help students Managerial Economics, Professor Glenn
get more impact and results from their MacDonald: 10:30 a.m. - 12:30 p.m.
written documents and presentations. Lunch with current students:
Under the direction of Sharon Cannon, 12:30 - 1:30 p.m.
lecturer of management communication,
All events will be held at the Charles F.
this free service for all business school
Knight Executive Education and Conference
degree students provides coaching and
advice for planning and polishing briefs and
case write-ups, business reports, memos,
Thanks to a contribution from our partners at Bunge North America, Room 340 in the
Charles F. Knight Executive Education and Conference Center was recently named the Bunge
« Center, located on the Danforth Campus of
Washington University. For more informa-
Classroom. From left: Anjan Thakor, senior associate dean and John E. Simon Professor of tion, e-mail email@example.com or call
and letters. Students also can practice oral SETH ABRAHAM
Finance; Carl Hausmann, president and CEO of Bunge North America; Alberto Weisser, former president of 314-935-9009 (toll-free 888-273-6820).
presentations, lectures and interviews and
Madison Square Garden
develop effective PowerPoint slides. chairman and CEO of Bunge Ltd.; and Mahendra Gupta, dean and Geraldine J. and Robert L. and Time Warner Sports
Virgil Professor of Accounting and Management.
2 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 3
Olin Names Cannon
In January, Olin welcomed Jeff Cannon
T H E CO M PA N Y W E K E E P
as its new associate dean and director
of Undergraduate Programs.
“Jeff possesses exceptional leadership
skills, management knowledge and
international experience,” says Dean The following is a partial list of individuals who have addressed the Olin community as of May 2008:
Seth Abraham Frank Doerner, Mark Hall, MBA ’02 Richard Mahoney Charlie Peters Gen. Henry H. Shelton
Former President MSME ’88/EMBA ’05 Senior Manager, Olin Executive in Residence Chief Innovation Officer Former Chairman
Prior to joining Olin, Cannon was director Madison Square Garden Vice President of Business Valuations & Former Chairman & CEO Emerson Joint Chiefs of Staff
of Kenan-Flagler Business School’s two- and Time Warner Sports AeroStructures, Anheuser-Busch Monsanto
Manufacturing & Neal Pilson David K. Sherman,
year BSBA program at the University of Brad Baker, MBA ’93 Support Technologies Susan Hughes, MBA ’05 Todd McGowan Former President BSBA ’87
North Carolina at Chapel Hill. He says Executive Vice President Boeing Profit Planning Analyst Creative Director CBS Sports Founder &
Husky Emerson McGowan Crain Managing Principal
Olin’s four-year program gives him more Arnold W. Donald, Tony Ponturo Cohanzick Management
time with individual students. On March 10, Washington University Chancellor Mark S. Wrighton and members of the Carliss Y. Baldwin BSME ’77 Phil Hutchison P. Joseph McKee III, Vice President of
William L. White Professor Former Chairman & CEO Senior Vice President, MBA ’91 Global Media & Mark Shevitz, EMBA ’88
McDonnell International Scholars Academy (including four Olin MBAs) rang the opening bell of Business Administration Human Resources, & Chief President & CEO Sports Marketing President
Cannon is filling the shoes of his longtime of the New York Stock Exchange. Harvard University Compliance Officer Paric Anheuser-Busch SJI
friend and colleague Gary Hochberg, David Farr Emerson
David Becker, Chairman, CEO & President Paul McKnight Stephanie Pope Al Suter
whose 25-year tenure brought the BSBA BSCS/MBA ’89 Emerson Mike Jones, PMBA ’95 Senior Vice President, Director, Ethics & Business Senior Advisor & Retired
Program international recognition. “I’ve Elective Spotlights Olin Launches ‘Mind President & COO
Cottingham & Butler Frank Feng, MBA ’00
Senior Project Executive
IBM Global Services
Conduct, Boeing Integrated
Vice Chairman & CEO
known Jeff for a number of years,” says
Hochberg. “Olin will benefit from his Entertainment Biz Your Own Business’ Kathy Button Bell
Director of Key Accounts
Emerson Ward Klein Susan McLaughlin,
Andrew C. Taylor
Vice President & CMO CEO MA ’90 Greg Portell, MBA ’99 Chairman & CEO
energy, experience and wisdom.”
This fall marks the debut of “Economics Ad Campaign Emerson Jeremy Fern
Head of City Affairs
Energizer Holdings Vice President,
of Entertainment,” an innovative new Joe Blomker, EMBA ’90 City of London Tina Klocke TOA Technologies Mike Theilmann
“Mind Your Own Business,” Olin tells Co-founder, President Chief Financial Bear, Eric Ralph, MBA ’00 Executive Vice President,
undergraduate elective course developed & CEO David Fischhoff Secretary & Treasurer Greg Meier, MBA ’98 Senior Vice President Chief Human Resources &
by Glenn MacDonald, John M. Olin executives in a provocative new print ad Maryville Technologies Vice President of Build-A-Bear Workshop Vice President Summit Strategies Group Administration Officer
Distinguished Professor of Economics campaign designed to raise awareness of Technology Strategy Harbour Group J.C. Penney
Mark Bulanda & Development Charles F. Knight, DSc ’96 Geoff Rigabar, MBA ’96
and Strategy. Olin overall and drive growth of the President of White- Chairman Emeritus John Menzer Financial Advisor Larry Thomas, BSBA ’77
school’s executive education offerings. Rodgers Division Emerson Former Vice Chairman Edward Jones Partner
Emerson Walter Galvin Wal-Mart Edward Jones
The course focuses on the unusual eco- Senior Executive Vice Lester B. Knight Selena Roberts
nomics of the entertainment industry and “The M.Y.O.B. campaign uses our strong Carl Casale, EMBA ’92 President & CFO Founder Cathy Minehan Senior Writer Sandra Van Trease,
executive education portfolio to have a Executive Vice President, Emerson RoundTable Healthcare Managing Director Sports Illustrated EMBA ’92
its associated management challenges. Strategy & Operations Partners Arlington Advisory Group President
Classes consist of lectures and discus- relevant and memorable conversation Monsanto Paolo Garzotti Partners BJC HealthCare
sions with industry leaders such as David about the Olin brand with business Directorate General Philip Koen Director, Grassroots
Maxine Clark for Trade CEO Ed Monser James Weddle, MBA ’77
Bendeth, multiplatinum, award-winning leaders across the country,” says Karen Founder, Chairman & Chief COO Business Initiative Managing Partner
European Commission Savvis World Bank/International
Jeff Cannon music producer; Jon Feltheimer, AB ’72, CEO Branding, EMBA ’03, associate dean and Executive Bear Emerson Edward Jones
Build-A-Bear Workshop William T. Gavin Mark Lewis, MBA ’94 Finance Corp.
of Lionsgate Entertainment; Barry Weiss, director of marketing and communications. Mairin Ocheltree, Maggie Sullivan
Vice President Principal Sally Rundquist
chairman and CEO of BMG Label Group; Norma Clayton & Economist Advantage Capital MA/MBA ’04 Wilderotter
Vice President, Learning, Global Compensation Clinical Supervisor & Chairman & CEO
and Joe Levy, editor-in-chief of Blender and The campaign rollout began in summer Federal Reserve Bank Partners Founder of the Volunteer
Training & Development of St. Louis Manager Frontier Communications
BSBA Program Adds former Rolling Stone executive editor. 2008 (see our ad on Page 21). Ads have
appeared in a number of targeted busi-
Energizer Holdings Nurse Program
St. John’s Mercy Scott Wilson
Ben Crain Jim O’Donnell, Medical Center President
Freshman Course Course topics include intellectual property, ness publications across the country, Creative Director
Founder & President
Chaired Professor of
Corporate Innovation, BSBA/MBA ’74
S.M. Wilson & Co.
industry standards, industry structure and including the Harvard Business Review. McGowan Crain Professor of Technology & President & CEO
Mark Golde, MBA ’91 Bush O’Donnell Standards Attaché John Wood
A comprehensive new course introduces the technology changes that have revolu- Mike DeCola Operations Management, & U.S. Commercial Service Founder & CEO
Vice President Dean of PhD Programme Capital Partners
Olin freshmen to the academic content tionized recording, editing, animation and President & CEO Forward Research Room to Read
Mississippi Lime INSEAD Samuel J. Palmisano Tony Sardella
and rigor of the BSBA Program and helps information storage. Vicki Gonzalez, MBA ’90 Chairman, President & CEO CEO & Founder Stuart Yoak, PhD ’85
Jeff DeGraff Jim Lowe Evolve24 Executive Director of the
them acclimate to the business school President & CEO Manufacturers Membership IBM
Clinical Associate Professor Nidus Center for Center for the Study of
community. Students research specific areas of of Management Education Services Manager George Paz Harvey Schiller Ethics & Human Values
Scientific Enterprise National Association of Former President
entertainment and present their work in Ross School of Business, President, CEO & Chairman Washington University
University of Michigan Lynn Gorguze, PMBA ’86 Electrical Distributors Express Scripts Turner Sports
According to Steve Malter, PhD, director a documentary-style production. Jim Zimmer, EMBA ’01
Managing Partner President & CEO Eugene J. Mackey III, William Schnettgoecke
of student development, “The Olin Competing Values Cameron Holdings David Peacock, CEO
BA ’60, BArch ’62 EMBA ’00 Jr., MBA/MMM ’01 Channel Bio Corp.,
Experience” gives students a foundation in “I hope to inspire students to think about Principal Vice President & Deputy,
Hugh Grant Vice President, Marketing Monsanto
management, builds their critical-thinking a career in the entertainment industry,” Chairman, CEO & President Mackey Mitchell Anheuser-Busch Operations & Supplier
and leadership skills, provides personal MacDonald says. “They can employ their Monsanto Architects Management, Integrated
Jack Perkowski Defense System
and professional-development training considerable talent and imagination to Chairman & CEO Boeing
and tools, and teaches corporate respon- help the industry find novel ways to create Asimco Technologies
sibility and integrity. and appropriate value.”
4 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 5
FACULTY RESEARCH & NEWS
However, product market competition is the subject of a paper MacDonald co-
associated with higher audit fees when authored with Michael Ryall, University
performance benchmarking is ineffective. of Melbourne. The researchers find that
Olin Business School is defined by the research-driven These results support both sets of compet- a new player — an entrant joining an
ing theories and offer a way to reconcile existing economic activity, e.g., an
mind-set of its faculty, whose leading-edge scholarship the conflicting theoretical predictions. industry, generally allows more value to
be created, but also generates new oppor-
tunities for the existing players. Greater
advances business theory and practice. Our professors’ value creation typically allows a player
to appropriate more value, but the
emergence of new alternatives has the
work is frequently published and widely cited in prominent opposite effect. The net impact of entry
on an existing entity depends on the
academic journals. Recent examples are highlighted below. subtle interplay of greater value and more
competing alternatives. MacDonald and
Ryall provide a complete description of
A N N E M A R I E K N OT T how and why entry might destroy a
Federal Reserve Bank of Richmond, Va., means of motivation only if nonviability risk Associate Professor of Strategy firm’s profitability, or create profit where
it did not exist pre-entry, or even have
for Research that
discusses the Bayesian estimation of is substantial, as in financially distressed
arbitrage-free models of the yield curve. firms or startups. Options dominate stocks In her paper “R&D/Returns Causality: no impact on profits. The work has Advances Business
The authors emphasize the following for other firms, where every stock-based Absorptive Capacity or Organizational many implications for firm strategy.
aspects in their development: the use of compensation package can be replaced with IQ,” Knott provides an explanation for why Jackson Nickerson, Frahm Family
a priori on the parameters of the model, an option-based package that is less costly some firms innovate while others imitate. Professor of Organization and Strategy,
which implies an upward-sloping yield and provides better effort incentives — The most common explanation is that and Todd Zenger, Robert and Barbara
curve; the use of a square root filter for regardless of the existing portfolio held by there are scale economies to research Frick Professor of Business Strategy,
calculating the likelihood function; and the the manager. Consistent with their theory, and development (i.e., having more are the first recipients of The Olin Award:
W I L L I A M B OT TO M use of a tailored Markov chain Monte empirical examination shows that the likeli- knowledge makes firms more efficient Recognizing Research that Transforms
Joyce and Howard Wood Distinguished Carlo (MCMC) method for sampling the hood of bankruptcy correlates with more at generating new knowledge). Knott Business. They share a $10,000 honorarium.
Professor of Organizational Behavior posterior distribution that is based on the use of restricted stock in CEO compensa- proposes a more fundamental difference:
output of a suitably formulated version tion packages. Firms differ in their Innovation Quotient Richard Mahoney, Olin executive in
“Relational Accounting and Social Motives of simulated annealing. They also discuss (IQ). With the same inputs and scale, a residence and former chairman and
in Negotiation and Exchange,” a paper the performance of these models in multi- firm with a high IQ will produce more YING XIE CEO of Monsanto, initiated the award
Bottom co-authored with Olin doctoral step, out-of-sample predictions of the innovations than others. She developed Assistant Professor of Marketing to promote scholarly research that has
students Peter Boumgarden and Alexandra yield curve. an IQ construct that controls for scale, timely practical applications for complex
Mislin, presents a behavioral theory of then measured IQ for all U.S. public firms “The Role of Targeted Marketing and management problems.
negotiation. The authors first examine the engaged in R&D. Knott found high-IQ Contagion in Product Adoption,” a
social and emotional aspects of intuitive firms tend to rely almost exclusively on paper Ying co-authored with Puneet Olin faculty members submitted 30
mental accounting. Building on a model their own R&D and aren’t very good at Manchanda, University of Michigan, and papers for consideration. These papers
of this long-term memory system, their making use of rival knowledge. In contrast, Nara Youn, University of Washington, were judged by 10 national business
theory explains distributive and integrative low-IQ firms compensate for limited inno- examines the impact of targeted executives and educators, who selected
aspects of negotiation behavior, as well RONALD KING vation capability by developing superior marketing communication and social Nickerson and Zenger’s “Envy, Comparison
as the development of long-term relation- Senior Associate Dean and Myron imitation capability. This finding suggests contagion on new-product adoption at Costs and the Economic Theory of the
ships and the escalation of commitment. Northrop Professor of Accounting that increasing scale doesn’t increase the individual customer level in the Firm” as the winner. Their paper will be
Predictions derived from the theory are R&D capability; rather, high IQ creates context of the pharmaceutical industry. published in an upcoming issue of the
being tested in a series of studies. O H A D K A DA N “Product Market Competition and the incentives to increase scale. Their results from the Manhattan market Strategic Management Journal.
Associate Professor of Finance Demand for Monitoring,” a paper King indicate contagion, the behavior of other
co-authored with Sudarshan Jayaraman, individuals in a person’s social network, Zenger and Nickerson propose employees’
“Stocks or Options? Moral Hazard, Firm assistant professor of accounting, exam- drives new-product adoption from the perceptions of inequity in the allocation of
Viability and the Design of Compensation ines how the level of competition in the fourth month on, even when accounting rewards exact a price on organizations —
Contracts,” a paper Kadan co-authored with product market affects the amount of for targeted marketing and other which they call comparison costs
Jeroen Swinkels, August A. Busch, Jr. monitoring that shareholders demand. correlating effects. However, targeted (because co-workers compare
Distinguished Professor of Managerial The theoretical literature has divergent marketing plays a large role in affecting earnings and status). Their
Economics and Strategy, states that recent predictions: Some theories propose early adoption. research examines how
scandals related to executive compensation competition reduces the demand for executives design and
have spurred a debate on whether executive costly monitoring. Others posit that structure their firms to
SIDDHARTHA CHIB stock options improve firm value. Many greater competition increases agency GLENN MACDONALD manage these costs.
Harry C. Hartkopf Professor of firms now use restricted stock instead of conflicts by reducing the marginal benefit John M. Olin Distinguished Professor
Econometrics and Statistics options to compensate their executives. The of effort. The authors’ empirical analysis of Economics and Strategy The professors were
authors consider the choice between stocks shows that when shareholders can effec- honored at the April 2008
“A New Analysis of Multi-Factor Affine and options to provide effort incentives to tively benchmark managers’ performance “Do New Competitors, New Customers, Distinguished Alumni
Yield Curve Models,” a paper Chib risk-averse managers. Employing an agency against their competitors’, greater compe- New Suppliers … Sustain, Destroy or Awards presentation at
co-authored with Bakhodir Ergashev, model, they show stocks can dominate as a tition is associated with lower audit fees. Create Profitability?” That question is The Ritz-Carlton, St. Louis.
6 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 7
FACULTY RESEARCH & NEWS
Olin Creates New
Olin Welcomes 20 New Faculty Members Faculty Position
As part of its long-range Northrop Professor of received promotions or THE FIVE FACULTY PROMOTED TO FULL PROFESSOR ARE: Tava Olsen, professor of operations and
plan, Olin is undertaking a Accounting. King, who over- tenure,” King says. The Yossi Aviv, Professor of Operations and Manufacturing Management; Kurt Dirks, Professor of manufacturing management, has been
significant effort to build sees the recruiting process, newcomers bring the size Organizational Behavior; Richard Frankel, Professor of Accounting; Todd Milbourn, Professor named Olin’s first faculty development
faculty during the next says the broad-based hires of the faculty to 30 tenured of Finance; and Tava Olsen, Professor of Operations and Manufacturing Management. chair. The position is an outgrowth of the
several years. The school is cover all seven of the busi- professors, 30 tenure-track business school’s long-range strategic
off to a good start. ness school’s academic professors and about 30 full- THE FOUR FACULTY RECEIVING TENURE ARE: plan to attract, develop and retain excep-
disciplines. Eighteen of the time-equivalent adjuncts. tional faculty members who embody the
Twenty new faculty members 20 faculty members were diversity inherent in the business world.
have joined the Olin commu- in place for the beginning of Please join us in welcoming
nity, “a historical high for the 2008-09 academic year. these exceptional new In her role, Olsen will work in close collab-
hiring in one year,” according faculty members. oration with the senior associate dean
to Ronald King, senior “This follows a remarkable of faculty to support the faculty mentor-
associate dean and Myron year when individuals at Olin ing program and solicit feedback on ways
Nicholas Argyres Hillary Anger Elfenbein Ohad Kadan Anne Marie Knott to improve it; identify areas in which
Professor of Strategy Associate Professor Associate Professor Associate Professor faculty may need guidance or resources
Panos Kouvelis NEW OLIN FACULTY of Organizational Behavior of Finance of Strategy
to enhance their development; encourage
collaboration and institutional support
AMITAY ALTER GAURI BHAT University of Toronto University of Iowa CHAD LARSON Research interests: among faculty and other Olin constituents;
Reid Awards Honor Assistant Professor Assistant Professor Research interests: Research interests: Assistant Professor entrepreneurship, industry and identify ways to promote a diverse and
management accounting, of Accounting evolution, behavioral eco- inclusive environment among the faculty.
Inspired Teaching of Economics
PhD, economics, 2008
PhD, accounting, 2008,
asset pricing, corporate
financing decisions performance measurement, PhD, accounting, 2008, nomics, corporate strategy,
(expected), Stanford University of Toronto Previous experience: assistant incentives, control systems, University of Michigan economic development
“Teachers teach because they care,” balanced scorecard Research interests:
University Research interests: financial professor, Michigan State ALVIN MURPHY
said American education reformer accounting fraud,
Research interests: reporting, disclosure, University; import and export CLIFFORD HOLEKAMP Assistant Professor
Horace Mann. Each year, Olin students institutional investors,
industrial organization, corporate governance, business in China; commodity Lecturer in Entrepreneurship of Economics
have the opportunity to show they care fundamental analysis
applied microeconomics, international accounting, futures market trader MBA, 2001, Washington PhD, economics, 2008,
about excellent teaching by selecting
organizational economics fair-value accounting University in St. Louis ANNA LEVINE Duke University
faculty members they believe best HILLARY ANGER
demonstrate innovation, enthusiasm NICHOLAS ARGYRES KELLY BISHOP ELFENBEIN Research interest: Assistant Professor Research interests:
and inspiration in the classroom — and Professor of Strategy Assistant Professor Associate Professor of entrepreneurship of Economics public economics,
honoring these instructors with Reid PhD, economics, 1993, of Economics Organizational Behavior Previous experience: sales PhD, economics, 2008 industrial organization,
Teaching Awards. University of California, PhD, economics, 2008, PhD, organizational behavior, executive, IBM; founder, (expected), Stanford urban economics,
Berkeley Duke University 2001, Harvard University Foot Healers University applied econometrics
The awardees for the ‘07-‘08 academic Research interests: organiza- Research interests: environ- Research interest: workplace Research interests:
ISAAC KLESHCHELSKI SHERIF NASSER
year are Sergio Chayet, assistant tional strategy, organizational mental economics, public emotions industrial organization,
Assistant Professor of Finance Assistant Professor
professor of operations and manufac- boundaries, contracting and economics, labor economics, Previous experience: associate applied microeconomics, Tat Chan
PhD, finance, 2008, of Marketing
turing management; Samuel Chun, interorganizational applied econometrics professor, University of health economics
Northwestern University PhD, marketing, 2008,
lecturer in marketing; Barton Hamilton, relationships, internal California, Berkeley; Research interests: asset SELIN MALKOC New York University
SHARON MC MILLEN
Robert Brookings Smith Distinguished organization structure,
consultant, Monitor pricing, macroeconomics, Assistant Professor Research interests: media Olin Introduces
Professor of Entrepreneurship; Ronald technology and organization, international finance of Marketing management, game theory,
King, senior associate dean and Myron organizational dissent
Lecturer of Management
Communication, Director of
Assistant Professor PhD, marketing, 2006, advertising, social networks, New PhD Course
Northrop Professor of Accounting; Previous experience: associate LEE KONCZAK
the Olin Management of Marketing University of North Carolina competitive strategies
Panos Kouvelis, Emerson Distinguished professor, Boston University; Lecturer in Organizational “Empirical Methods in Business” is
Communication Lab PhD, marketing, 2007, at Chapel Hill
Professor of Operations and assistant professor, University Behavior and Leadership DANKO TURCIC designed for Olin PhD students in all
PhD, counselor education, University of Texas at Austin Research interests: consumer
Manufacturing Management; Lubomir of Southern California Development Assistant Professor of functional areas. The course focuses on
2004, North Carolina Research interests: consumer behavior, behavioral decision
Litov, assistant professor of finance; PhD, industrial/ Operations Manufacturing critical applied-research skills: how to use
EYAL BEIGMAN State University behavior and decision making, intertemporal
Martin Sneider, adjunct professor of organizational psychology, Management data to address research questions and
Visiting Professor Research interests: gender making, consumer happiness, preferences
marketing; Jeroen Swinkels, August A. 1991, University of PhD, operations research, build econometric models that can be
of Economics communication, job-search product assortment and vari- Previous experience: assistant
Busch, Jr. Distinguished Professor of Missouri-St.Louis 2008, Case Western applied to data. It also teaches students
PhD, mathematics, 2005, communication ety, consumer superstitions professor of marketing,
Managerial Economics and Strategy; Research interests: leadership Reserve University how to use statistical software packages
Hebrew University Previous experience: lecturer and illusion of control University of Minnesota
and Tzachi Zach, assistant professor development, employee Research interests: interface to estimate econometric models and
Research interests: and director of Business Previous experience: assistant engagement, personality ROMEL MOSTAFA of operations management
of accounting. In addition, Stuart covers fundamental econometric topics.
game theory, political Communication Center, professor of marketing, predictors of performance Visiting Assistant Professor with finance, supply chain
Bunderson, associate professor of
economics, economic University of North Carolina University of South Carolina Previous experience: director of Strategy management, applied
organizational behavior, and Mahendra “The course is excellent preparation for
history, social choice at Chapel Hill of executive development, PhD, strategy, entrepreneur- game theory
Gupta, dean and Geraldine J. and Robert RONALD GUYMON doctoral students’ dissertation research —
Previous experience: Anheuser-Busch; consultant; ship and technological
L. Virgil Professor of Accounting and LONG CHEN Visiting Assistant Professor as well as their future research collabora-
postdoctoral fellow, Missouri Department of change, 2008 (expected),
Management, received a Reid Teaching Assistant Professor of Finance of Accounting tion with faculty,” says Tat Chan, associate
Northwestern University Mental Health Carnegie Mellon University
Award in December 2007. PhD, finance, 2001, PhD, accounting, 2008, professor of marketing.
8 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 9
OF CRITICAL THINKING
As context, think of events that have made headlines this year — and
how many were caused by bad decisions. The subprime mortgage
crisis immediately comes to mind. But faulty judgment affects
everything from business to government to sports and entertainment,
with fallout that ranges from embarrassing to catastrophic.
“There’s a need for more leaders and managers who can make Three factors contribute to Olin’s strength in critical thinking:
critically informed choices, especially in a complex, global its world-class faculty, size and unwavering commitment to
marketplace,” says Mahendra Gupta, dean and Geraldine J. intellectual rigor.
and Robert L. Virgil Professor of Accounting and Management.
“Effective decision making requires a broad-based, systematic “As a top research institution, Olin has a long-standing tradition
approach to problem solving that provides a framework for of scholarship,” Gupta says. “The critical-thinking mind-set
sound reasoning and conclusions.” flourishes here. So, it’s natural we extend it to our students,
alumni and corporate partners. And because we’re relatively
Olin Business School’s mission is to create knowledge … inspire small, we can deliver an up-close, intimate learning experience
individuals … transform business. Gupta says critical thinking is that bridges academic content, research and business objectives.
one of the catalysts that put the school’s guiding principle in motion.
10 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 11
“It’s like the Chinese proverb: ‘Give
a man a fish and he will eat for a
day. Teach a man to fish and he
will eat for the rest of his life.’
Well, fill a student with facts and
the facts may drift away. Empower Jackson Nickerson Raymond Sparrowe Tava Olsen Ronald King
a student to be a good thinker
and you profoundly change his WHAT IMPACT DOES IT HAVE ON BUSINESS? HOW DOES THE ABILITY TO THINK CRITICALLY This type of misguided thinking is both prescriptive and descriptive tools as
Nickerson: In the fast-paced, highly BENEFIT OLIN STUDENTS? students’ biggest downfall in interviews. well as both visual and verbal guides.
or her personal and professional competitive world of business, there can
be more focus on getting things done than
King: It’s like the Chinese proverb: “Give
a man a fish and he will eat for a day. Sparrowe: Jackson’s right. Rather than Nickerson: The Foundation for Critical
on thinking critically about what to do. It’s Teach a man to fish and he will eat for blurting out a fast answer, an interviewee Thinking, based in Dillon Beach, Calif.,
the rest of his life.” Well, fill a student
development.” human nature to make assumptions and
jump to conclusions — sometimes before with facts and the facts may drift away.
should say: “Here’s how I would approach
a problem like this, and I’m making the
has identified eight elements central to
effective decision making. In shorthand,
the right problem even is identified — a Empower a student to be a good thinker following assumptions. If A is true, I’d do they’re: point of view, purpose, problem,
dynamic that’s especially true of teams. and you profoundly change his or her this. However, if B is true, I’d do this. Can information, concepts, assumptions, con-
Ronald King, senior associate dean and Myron Northrop Professor of Accounting
Consequently, we waste resources trying personal and professional development. you tell me if A or B is true?” clusions and consequences. Combinations
to solve the wrong problem. For instance, of these elements are used to frame ques-
a new product falls flat and the marketing Sparrowe: Simply stated, enhanced WHAT IMPACT DOES CRITICAL THINKING HAVE tions that target appropriate problems
“We will continue to invest in this DEFINE CRITICAL THINKING. group assumes the price point is too high, critical thinking generates outcomes that ON STUDENTS’ APPLIED-LEARNING SKILLS? and lead to solutions.
endeavor, incorporating critical thinking Nickerson: I prefer to describe critical when actually it may be the wrong offer- enable students to perform better in Sparrowe: Critical thinking fits Olin’s
into all that we do and ensuring no thinking at Olin, which entails elements ing for consumers in the specific market. the workplace. Integrative Case Experiences (ICE) like Our approach is unique because it incor-
student graduates from our school and processes of thinking that lead to a glove. ICE Week (a four-day business porates knowledge from the learning
without a really good grasp of problem- formulating better questions, accessing Innate biases also can affect decision Nickerson: And perform better in job case competition for first-year MBAs) is sciences and because we’ve built self-
solving skills,” he adds. appropriate information, figuring out making. To solve problems effectively, interviews. I created this scenario to the embodiment of critical thinking under and peer-assessment tools into the
what’s relevant and what’s not, developing people must be trained to recognize the illustrate my point. A student, let’s call pressure. We saw a significant improve- process. In addition, we’re developing
OlinBusiness Magazine sat down with well-reasoned solutions, and communicat- potential limitations of their own points him Lee, has an interview with a presti- ment in the overall quality of this year’s database models to measure outcomes.
faculty members — and critical-thinking ing those solutions effectively. The of view and factor in the perceptions gious firm. The interviewer presents him presentations, which I believe came from
foot soldiers — Ronald King, senior asso- implications are far-reaching and can of others. with an unstructured business issue, the teaching students the critical-thinking Sparrowe: I’d be interested to capture
ciate dean and Myron Northrop Professor be applied to any discipline. implementation of a company innovation, framework. Company executives in the data that tells us if a student’s grade in
of Accounting; Jackson Nickerson, Frahm The more time managers spend up front and asks for his recommendations. Within audience commented on the quality a critical-thinking course predicts how
Family Professor of Organization and Olsen: Wikipedia captures it perfectly: thinking critically, the more likely they are seconds, Lee responds with what he thinks as well. quickly he or she lands an internship or
Strategy; Tava Olsen, professor of “Critical thinking consists of mental to provide solutions that create value for is a brilliant plan, drawing on a case study full-time position.
operations and manufacturing manage- processes of discernment, analysis and their organizations. Plus, these solutions he had discussed in class. Olin encourages its students to take
ment; and Raymond Sparrowe, associate evaluation … reflecting upon a tangible or are faster and easier to implement. advantage of hands-on learning opportu- HOW IS OLIN INFUSING CRITICAL THINKING INTO
professor of organizational behavior. intangible item in order to form a solid Lee leaves the interview confident he nities. On the job, I don’t want students ITS PROGRAMS AND CURRICULUMS?
judgment that reconciles scientific Sparrowe: The point is business problems landed the job. His rejection letter arrives to pull answers from a box of solutions. King: Currently, we’re in the early
Excerpts from the conversation follow. evidence with common sense.” My own are hard, and effective solutions require a few days later. Lee was tripped up by I want them to have a toolbox of skills stages of implementing critical thinking
definition of critical thinking is an engaged cross-functional decision making. Roger common thinking impediments. He failed they can use to solve problems. into the MBA Program. In addition, we
brain that enables individuals to make Martin has a great book on the subject, to consider alternative ways of analyzing offer critical-thinking executive education
data-driven, fact-based decisions — but “The Opposable Mind: How Successful the problem, and he didn’t acknowledge DESCRIBE THE CRITICAL-THINKING PROCESS. seminars in the Olin Partners’ Program.
in a way that’s much more holistic than, Leaders Win Through Integrative Thinking.” that different department managers would Olsen: There are many. Olin has developed
say, spreadsheet analysis. have different perspectives. its own customized processes. We have
12 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 13
Critical Thinking in Action
Nickerson: Tava and I developed the But let me add that Olin professors are
new core course, “Critical Thinking for known for their intellectual inquiry; critical
Leaders,” which is part of incoming MBAs’ thinking is something they engage in
GO! Program. We also created a new every day.
MBA elective, “Critical Thinking Processes
and Modeling for Effective Decision DO OTHER BUSINESS SCHOOLS HAVE
Making,” which teaches students how to SIMILAR INITIATIVES?
apply problem-solving skills during their Nickerson: Only a few schools are trying
summer internships. to take critical thinking to this level: Olin
Business School, Rotman School of
Sparrowe: Keep in mind, all Olin faculty Management at the University of Toronto, LISA LEWIN, BSBA ’96 SANDEEP CHUGANI, MBA ’91 DAVID ADER, BSBA ’06 ANNE COOK, EMBA ’02 JOHN BEUERLEIN, MBA ’77
will incorporate critical-thinking principles and perhaps Stanford University’s Founder and President Partner and Managing Director Strategy Analyst General Manager General Partner
and practices into their courses to the Graduate School of Business and Yale m i n d g at e m e d i a t h e b o s to n microsoft pdo/corterra e d wa r d j o n e s
extent they can. To be clear, we’re not University’s School of Management. New York c o n s u lt i n g g r o u p San Francisco shell chemicals St. Louis
advocating the removal of content- New York Houston
centered courses. Critical thinking must IS CRITICAL THINKING A PRIORITY
be taught in conjunction with functional WITH EMPLOYERS? “One of the highest compliments Critical thinking is foundational “There will always be a bull “In a matrix organization like John Beuerlein describes critical
content and in a manner that leads to Olsen: According to a 2008 employer that can be paid to someone in to the consulting business, says market for people who can think Shell Oil, it’s easy to get lost in thinking as the “exercise of an
deeper learning of the content. survey, critical thinking is one of the business is to say he or she has Sandeep Chugani. “It allows us critically,” says David Ader. processes,” Anne Cook admits. intellectual muscle. The stronger
top-three capabilities organizations look good judgment,” Lisa Lewin says. to articulate key questions, “Problem solving is the No. 1 “Our managers deal with so this muscle gets, the better
Olsen: Going forward, Olin’s systematic for in prospective hires. A senior recruiter structure rigorous frameworks, attribute employers look for in many inputs from so many decisions it enables people
emphasis on critical thinking will be a told us that employees must be able to After working several years for and synthesize all the necessary prospective candidates and sources, international and to make.”
three-legged stool: knowledge, instruction think critically and formulate solutions to a major educational publisher, information and facts needed clients demand from service domestic. The ability to think
and application. Students must practice high-priority management challenges. Lewin launched a startup, to answer those questions in providers. And once someone critically enables them to Problem solving is a process
critical thinking on a regular basis to be That sentiment is echoed by corporate Mindgate Media, in June of this a clear, logical and insightful internalizes the ability to think examine these inputs and used “to assess a body of
good at it. recruiters, alumni and firms across the year. Her company delivers manner. Critical thinking is critically, he or she can transfer develop logical solutions. knowledge that leads to a
country. (See the sidebars at right.) digital media-on-demand for what we use to deliver break- the skill to any company new discovery,” he says. “In
King: Faculty development and training educators at the postsecondary- through ideas to our clients, and or industry.” “We also rely on critical thinking my opinion, individuals who
also are part of our effort to enhance Nickerson: Bottom line, employers want and professional-education levels. it fundamentally differentiates to help us evaluate ideas faster are more open-minded are
critical thinking. Nickerson and Olsen to hire people who can not only solve us in the marketplace. It’s Ader says strong critical thinkers — in weeks instead of months. better critical thinkers. They
already have conducted workshops — problems but offer superior solutions to “I work in a data-rich environ- essentially what we do.” are curious about the world For example, we recently asked see opportunities where others
what the dean calls critical-thinking the right problems and help grow the ment, and the nature of my job around them, skeptical of the for a back-of-the-envelope see obstacles.”
boot camps. firm. To accomplish that, employees must is to make sense of complexity. As a result, he says problem- status quo, disciplined in their calculation for a new product
make smart business decisions. The ability to think critically solving skills are a top priority work ethic, rigorous in the way we want to launch in India. In Bias can impact the process,
enables me to interpret customer in new hires. “Recruiting at they probe issues, logical in their less than a page, the project Beuerlein cautions. “Your own
feedback, exploit new market all levels of the firm involves approach to decision making lead analyzed the market and values and beliefs are the inputs
opportunities and sidestep case-based interviews that and creative in the solutions the target market, described you juggle, but you have to
problems.” test for critical-thinking ability. they offer. the delivery system, outlined weigh them carefully. Anyone
Candidates are asked to respond the practicality of the product, who falls in love with his or her
How well managers problem- to a real or hypothetical business Critical thinking usually doesn’t and told us how it would own analysis does so at his or
solve is a good predictor of situation. We evaluate their lead to an immediate answer capture value.” her peril.
their professional success, she ability to structure the right ques- but to whole new sets of
ENHANCE YOUR CRITICAL THINKING believes. “It’s the thousands of
small decisions that go into
tions and develop key hypotheses
through their analysis and synthe-
questions. All information must
be analyzed before results can
Cook says she has a critical-
thinking reference sheet hanging
“Critical thinking is in demand
each and every day at Edward
each workday that drive out- sis of the information provided. be synthesized, Ader adds. on a wall near her desk. “I use it Jones,” he continues. “We
comes and bring about positive to run through all our functional conduct business in an extremely
Designed to help you make informed business choices, this seminar defines
— or negative — results. “The benefit of employees who Part of Microsoft’s Online areas to see where problems dynamic environment. The
critical thinking and outlines the process for effective problem solving.
know how to think critically can’t Strategy and Mergers and may occur and to ensure we’re market changes. The Fed makes
Register for the two-part, two-day Olin Partners’ Program executive
“Critical thinking is teachable, be overstated,” Chugani adds. Acquisitions Group, Ader says employing best practices.” changes. What was true yester-
provided the student is exposed “Sophisticated decision-making he relies heavily on his day no longer is true today. Our
CRITICAL THINKING: January 8, 2009 & February 11, 2009 to a rigorous curriculum that skills are a prerequisite to critical-thinking skills while people need to make intelligent
exercises those skills,” she adds. addressing our clients’ needs.” evaluating business ventures decisions over the long term
Visit our Web site at www.olin.wustl.edu/OPP or call 314-935-9494 for information.
and product strategies. and avoid the common pitfalls
of short-term thinking.”
14 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 15
THE BUSINESS OF
“Research Seminar in Health Care Management” is
the capstone course for the major and serves as an
excellent example of Olin’s strategic emphasis on
expanding collaborations among faculty, students and
business. Student teams work on projects identified
by University professors and corporate partners.
Areas of study could include an analysis of the
operational conduct of surgical procedures in the
Washington University Medical Center, an examina-
tion of the potential market for new pharmaceutical
products and medical devices or the development of
a business model for the provision of special services
to the Medicaid population. At the end of the course,
ealth care has been one of the most The professors have collaborated on research each team must write and present a research paper
passionately debated issues in the 2008 that evaluates clinical productivity and surgeon worthy of submission to an academic journal.
U.S. presidential campaign — across performance. In a study conducted with University of
the political spectrum. Technological Michigan colleagues Darrell Campbell Jr. and Laurel Hamilton says the close collaboration of Olin and School of “Washington University is the ideal institution
advances have resulted in amazing Phillips, they found the overall cost of treating a Medicine professors — and their balanced presentation of
medical breakthroughs, but they require money to representative patient differed by as much as 45 management and medical issues — differentiates Olin. to offer this type of instruction. It has highly
develop. Experts predict the health care industry will percent. “To the extent these results reflect surgeon- “Most programs have a strong clinical focus and a minimal
make up 19.6 percent of the country’s gross domestic specific practice styles, they suggest a target for business focus, or the reverse.” ranked medical and business schools,
product by 2016. Patients, providers and businesses quality improvement from both the payer and provider
that pay for health-related services want to reduce perspectives,” the researchers state. Jeff Cannon, Olin’s associate dean and director of outstanding faculty, and proximity to local
rising costs. At the same time, millions of Americans Undergraduate Programs, says the Health Care
are uninsured or underinsured, and their numbers Their work has been published in the Quarterly Management curriculum — approved in spring 2008 health care experts who are eager to con-
are increasing. Review of Economics and Finance and the Journal of — grew out of students’ enthusiastic response to the
the American College of Surgeons. original “Olin Grand Rounds” course.
tribute their time and effort.”
Health care professionals frequently fall into different Dr. Steve Miller, EMBA ’02
camps. Physicians and researchers with specialized This fall, Hamilton and Hall introduced an interdisci- “Our new Health Care major and minor demonstrate Olin’s Senior Vice President and Chief Medical Officer
clinical knowledge often speculate that cost-control plinary Health Care Management curriculum for ability to be innovative and nimble in its program design,” Express Scripts
measures could undermine patient care and discour- Washington University undergraduates. An extension he says. “The industry needs managers who have business
age important innovations in medical devices, surgical of courses previously offered at Olin, it consists of acumen, clinical understanding and want to remedy the health care programs for Medicaid recipients — says it’s
procedures, imaging technology and pharmaceuticals. three tracks: a major for BSBA students, a second current health care crisis. Students with these abilities will important for her to maintain direct patient contact in a
Business administrators believe inefficiencies in health major for nonbusiness undergraduates and a minor. be in great demand in the marketplace.” position that requires top-level management.
care delivery drive up prices, which, in turn, makes Required courses include “Olin Grand Rounds,”
U.S. companies less competitive in a global economy. “Health Care Economics & Policy,” “Health Care “Washington University is the ideal institution to offer this Talking over the more complicated cases with residents
Management” and “Research in Health Care type of instruction,” says Dr. Steve Miller, EMBA ’02, senior and interns, she asks if they’ve called patients’ health plans
Olin Business School is helping to improve the health Management.” The curriculum has attracted vice president and chief medical officer of Express Scripts, to see if the patients are in case management.
care industry prognosis — developing a new genera- students with a variety of interests, including aspiring a pharmacy benefit management company. “It has highly
tion of leaders who manage organizations that managers, doctors, lawyers and social workers. ranked medical and business schools, outstanding faculty, “Medical students and residents often have the perception
combine leading-edge medical and business practices. and proximity to local health care experts who are eager to that all managed care is bad,” Mason says. “They don’t
At the front line of this effort are Barton Hamilton, The redesigned “Olin Grand Rounds” course — based contribute their time and effort. realize a health plan often has nurse case managers and
Robert Brookings Smith Distinguished Professor of on teaching hospitals’ forum for presenting and evalu- social workers who connect people to resources and
Entrepreneurship, and Dr. Bruce Lee Hall, associate ating medical cases — is co-taught by Hamilton, Hall “Together, we have tremendous potential for thought specialty services that improve medical conditions, control
professor of surgery at Washington University School and Dr. Cynthia Wichelman, assistant professor of leadership and the development of health care professionals symptoms and may prevent hospitalization in the first
of Medicine and Olin’s associate professor of Health emergency medicine at Washington University School with an extremely valuable tool set,” Miller adds. place. Sometimes, solving what you thought was a little
Care Management. of Medicine. It begins with an introductory “Business problem makes a big difference in their quality of life.
and Medicine 101” lecture. Although the primary Dr. Mary Mason agrees.
“There’s an incredible need for financial and focus of the course is on the United States, guest “It’s all about better outcomes at lower cost,” she says.
management knowledge in every aspect of the speakers also discuss high-priority subjects that Twice a month, Mason, MD ’94, PMBA ’99, volunteers in
health care industry,” says Hall. “We’re preparing affect other countries, such as the AIDS epidemic the outpatient internal medicine resident clinic at Barnes- “When I was in medical school, no one said he or she was
individuals to meet that need and to change the and global disease control, the organ-transplant Jewish Hospital in St. Louis. The senior vice president and going into managed care. Programs like Olin’s are changing
face of health care delivery.” market, and treatment disparities. chief medical officer of Centene — a firm that provides that,” says Mason.
16 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 17
THE OLIN SENIOR LEADERSHIP PROGRAM
L I N B U S I N E S S S C H O O L ’ S Executive Programs faculty and
Most management education is built around
‘‘specific business functions. But in a complex,
staff have worked with hundreds of companies, of all types and
sizes. And they’ve spent a lot of time talking — and listening —
to business leaders from a wide range of industries.
global marketplace, executives need a broad-
based approach to problem solving that In their conversations and interactions, they found management
integrates innovative thinking, processes and
practices from a variety of disciplines. ..
,, challenges center on certain areas critical to growth, profitability,
competitive advantage and operational excellence. These
Todd Zenger, Robert and Barbara Frick Professor of Business Strategy
areas became the central themes that drive Olin’s executive
education offerings, including Olin’s new 20-day Senior
Leadership Program (SLP), which begins in January.
“Most management education is built around specific business To better meet the needs of high-level managers, SLP’s delivery is
functions,” says Todd Zenger, Robert and Barbara Frick Professor as unique as its content. The program format — five four-day
of Business Strategy and one of the Senior Leadership Program modules spread over five business quarters — minimizes partici-
faculty. “But in a complex, global marketplace, executives need a pants’ time away from work and enables them to apply what they
broad-based approach to problem solving that integrates innova- learn in the classroom to real problems within their organizations.
tive thinking, processes and practices from a variety of disciplines.
“Receiving a stream of information all at once is like drinking
“Olin’s core faculty has collaborated for years on teaching and water from a fire hose,” says Ken Bardach, associate dean and
research that address cross-functional business problems,” he Charles and Joanne Knight Distinguished Director of Executive
continues. “We bring ideas and frameworks to the program that Programs. “SLP is structured like a learning laboratory, with built-in
are extensions of our work and, therefore, aren’t necessarily opportunities for implementation, recalibration and reinforcement.”
taught by other institutions.”
Taught by Olin’s senior faculty, the program modules are struc-
“Three factors differentiate SLP: the rigorous, critical-thinking tured around five platforms that contribute to growth individually
mind-set of Olin’s research-active faculty; our expertise in and collectively.
teaching complex, cross-functional subject matter; and the deep
relationships Olin develops with the companies we serve. We’re The platforms are: Leading the High-Performance Organization;
motivated to understand what these organizations do and how Strategy, Organization and Value Creation; Competitive Advantage
they operate,” says Panos Kouvelis, Emerson Distinguished and Operational Excellence; Winning Globally; and Growth
Professor of Operations and Manufacturing Management; director and Innovation.
of Olin’s Boeing Center for Technology, Information, and
Manufacturing; and SLP faculty member. During the first module, Anjan Thakor, senior associate dean and
John E. Simon Professor of Finance, introduces the Competing
20 Days Over 5 Quarters. Q1
HIGH-PERFORMANCE ORGANIZATION & ADVANTAGE & helps participants INNOVATION
Olin Introduces the Senior Leadership Program: ORGANIZATION VALUE CREATION OPERATIONAL identify and capitalize on examines the methods
hones the skills participants focuses on the importance EXCELLENCE the unique opportunities companies employ to
Executive excellence and leadership for today’s need to leverage inter- of linking structure with approaches operations in global and emerging systematically grow
personal influence and align strategy to build a from the perspective that markets through sustainable revenue and
most complex, unstructured business challenges. strategy, organizational foundation that fosters high-performing firms assessment of country profits — turning their
values and individual values innovation, adaptability, simultaneously manage risk, exchange-rate risk organizations into
— as well as participants’ agility and efficiency. three interrelated levers: management, management growth engines.
ability to manage these Participants will further continual quality of a worldwide network
interactions for sustained their understanding of how improvement, cost of facilities, outsourcing
maximum performance. to create and influence management and and supply-chain risk
organizational synergy in reduction, and accelerated management.
the context of both organic time to market.
growth and mergers
18 OlinBusiness // 2 0 0 8
and acquisitions. 2 0 0 8 // OlinBusiness 19
OLIN’S SENIOR LEADERSHIP PROGRAM
A SS E SS M E N T, M E N TO R I N G , COAC H I N G
G R O W T H & I N N OVAT I O N
To better meet the needs
CO M P E T I T I V E P L AT F O R M S * *
of high-level managers,
SLP’s delivery is as
unique as its content.
The program format —
Q4 W I N N I N G G LO B A L LY Experiential Learning
five four-day modules
spread over five business
quarters — minimizes
participants’ time away
Q3 CO M P E T I T I V E A DVA N TAG E &
O P E R AT I O N A L E XC E L L E N C E
from work and enables
them to apply what they
learn in the classroom to
real problems within
Q2 S T R AT E GY, O R G A N I Z AT I O N
& VA L U E C R E AT I O N
Key Industry Speakers
Q1 LEADING THE HIGH-
P E R F O R M A N C E O R G A N I Z AT I O N
H I G H - I M PACT L E A D E R S H I P D E V E LO PM E N T
Values Framework (CVF), based on a business model developed Each individual prepares an executive development plan in
in the ’80s that’s used to understand a variety of phenomena — partnership with a leadership coach and mentor from his or her
from growth strategies to leadership competencies to organiza- firm and with Lee Konczak, lecturer in organizational behavior
tional quality to information processing. and leadership development at Olin. Coaches and mentors aid
personal and professional development and help participants use
“CVF came from research on criteria that predict whether or what they learn in the classroom to enhance their firms’ specific
not an organization performs effectively. CVF has been identified processes, procedures and initiatives.
as one of the 40 most important frameworks in the history of
business,” Thakor explains. As a result, participants evaluate their leadership style in the
context of the five platforms — and how their values align with
He adds: “From these empirical studies, two major dimensions those of their organizations.
consistently emerged. One dimension differentiates an emphasis
on flexibility, discretion and dynamism from an emphasis on “Great organizations reflect the values of their leaders,” Bardach
stability, order and control. For example, some organizations says. “Think of Emerson under Buck Persons, Chuck Knight and
and managers are viewed as effective if they are changing, David Farr. Or Goldman Sachs under Sidney Weinberg, Robert
adaptable and transformational. Other organizations and man- Rubin and Henry Paulson. To be an exceptional leader, you need
agers are viewed as effective if they’re stable, predictable and to know yourself and then imbue your values into your organiza-
consistent. This continuum ranges from versatility and pliability tion — leveraging the strengths of your predecessors and leaving
on one end to steadiness and durability on the other end.” a noble legacy for those who follow.”
“The framework highlights the tensions generated when different The program concludes with a capstone project: Participants are
forms of value creation are pursued simultaneously,” says Samuel asked to create the next growth platform for their organizations.
Chun, lecturer in marketing. “As a result, CVF can be used not Participants receive feedback along the way from Olin faculty
only to diagnose complex business problems but also to identify members and a group of senior executives led by Chuck Knight,
the tools to help solve them.” chairman emeritus of Emerson.
In addition to the thematic content, the Senior Leadership “SLP’s experiential emphasis is extremely important,” Kouvelis
Program includes live case analyses and discussions with industry says. “More than lectures or traditional teaching, it enables
experts. Other signature components are personalized assess- participants to immediately absorb and apply key concepts
ments and ongoing professional-development exercises that allow and insights.”
participants to target their strengths, as well as areas that need
improvement. These assessments are linked to the program For more information on the Senior Leadership Program, visit
curriculum and to performance-management tools already used www.olin.wustl.edu/execed/execprog/slp.cfm or call 314-935-7767
by participants’ companies. to schedule a personal consultation with a member of Olin’s
Executive Programs staff.
20 OlinBusiness // 2 0 0 8
Stay Involved in Olin Alumnae Make ‘30 Under 30’ List
o me, the history of Olin Business
School begins with the era of my
father, Ed Sherwood, BSBA ’40.
Congratulations to Tracey Gunn, BSBA
’03, and Lauren Herring, EMBA ’07.
The Olin alumnae were among the St.
Louis Business Journal’s 2008 list of “30
Museum and Saint Louis Zoo, and Urban
Land Institute Young Leaders in St. Louis.
Herring is co-president of IMPACT Group,
an employee transition-management
firm started by her mother in 1988.
He and his friend, Bruce Higginbotham,
Gunn is a project She has spent the last four years REUNIONS
BSBA ’40, who still volunteers at Olin,
Stan Askren Susan and Melvin Bahle manager developing the com-
attended classes in Duncker Hall. In the
late ’70s, I went to class in Prince Hall.
at U.S. pany’s global October 3-4, 2008
Bancorp operations and O L I N G R A D U AT E R E U N I O N
Both buildings are retired now — Prince
Community will assume lead-
demolished and Duncker dedicated to EMBA ’88, ’93, ’98, ’03-19, ’03-20,
Development, ership of the
another use. Now, Simon Hall and the ’07-27, ’07-28
where she puts company upon
Charles F. Knight Executive Education
together urban her mother’s EM3 ’98
and Conference Center are home to the
and rural devel- retirement at the MBA ’58, ’73, ’78, ’83, ’88, ’93,
school. Even long-lived collegiate Gothic
opment deals in end of this year.
buildings are transitory, yet Washington ’98, ’03, ’07
underserved com- She has worked in
University continues to thrive.
munities — includ- economic develop- PMBA ’83, ’88, ’93, ’98, ’03-10, ’03-11,
ing an AIDS vaccine ment in Puerto ’07-18, ’07-19
In 1992, Robert Virgil, MBA ’60, PhD ’67,
David Campbell James Weddle lab in New York and Rico, helping fledg-
then Olin dean, said: “The plain fact is Contact firstname.lastname@example.org or visit
a telecommunications ling entrepreneurs
(Olin) cannot lead, cannot innovate and www.olin.wustl.edu/gradreunion.
system on Native gain access to
cannot attain the highest quality for our
students without resources. … We need Awards Recognize Members of Olin Family American reservations
in North and South
serves on the advi- April 17-19, 2009
volunteers and missionaries.” Throughout YO U N G A L U M N I R E U N I O N
Dakota. She also was sory board of the
its history, Olin has produced many Three alumni and two long-standing Sound; and was nonexecutive chairman
responsible for closing the deal on Connections to Success Corporate Guild BSBA ’99, ’04, ’08
successful alumni. They, in turn, have friends were recognized during the 2008 of Zenith Entertainment.
St. Louis’ new Moonrise Hotel. In addition, and the friends board of Loyola Academy.
enhanced the business school’s reputation Olin Business School Annual Awards Contact email@example.com or visit
Gunn is on the board of advisers for Herring also is involved with the COCA
and contributed time, money and effort. presentation held in April at The Ritz- As Edward Jones’ managing partner, www.wustlconnections.com.
the Downtown (St. Louis) YMCA and (Center of Creative Arts) Creativity in
Olin leadership and staff create an envi- Carlton, St. Louis. Weddle oversees the firm’s business and
is a member of the Missouri State Business initiative and the Young Business
ronment that values, encourages and strategic direction. He has spent his entire
Rehabilitation Council for the disabled, Leaders group for Old Newsboys Day. May 14-17, 2009
embraces volunteerism. This year’s Distinguished Alumni Award career with the company. Weddle first
young friends of the Saint Louis Art U N D E R G R A D U AT E R E U N I O N
honorees for outstanding professional worked for Edward Jones as a research
There are many reasons to be involved success were Stan Askren, PMBA ’87; intern while he completed his MBA at Olin BSBA ’44, ’49, ’54, ’59, ’64, ’69, ’74, ’79,
with the ongoing success of this institu- David Campbell, AB/MBA ’81; and James — and, through the years, was promoted ’84, ’89, Emeritus (all pre-’59 classes)
tion. I’m involved because Washington Weddle, MBA ’77. to limited partner, principal and fifth Contact firstname.lastname@example.org or visit
University gave me an educational foun- managing partner. He says client service Initiative Informs and Connects Alumnae www.wustlconnections.com.
dation and enduring friendships that have Askren is chairman of the board, president is the firm’s No. 1 priority. J.D. Power and
served me well in my life and career. I and CEO of HNI, the world’s second- Associates has ranked Edward Jones first Since 2006, the Eliot Women’s Initiative Carpenter Taylor Professor of Organizational
also am involved because I’ve admired largest office furniture manufacturer. in customer satisfaction among full-service has connected Olin alumnae with one Behavior, who spoke on “Breaking Down
the ascendency of this school. I urge all During his tenure, the firm has grown from investment firms for three years in a row. another and with students. “We want Barriers: Workplace Realities for Women”;
alumni to be involved in building some-
C E N T U RY C L U B
$600 million in sales to more than $2.6 In 2006, Washington University recog- alumnae to come back to campus — to Kimberly Walker, chief investment officer
thing as fulfilling as a world-class institu- billion. HNI has been recognized by nized Weddle with a Founders Day Award. learn and meet with other outstanding for the University, who talked about the BUSINESS SERIES
tion. We all have benefited in some way IndustryWeek as one of the “50 Best U.S. He is a member of Olin’s National Council. women leaders from around the world,” endowment; C.J. Larkin, senior lecturer INSIDE. UP CLOSE. CONNECTED.
from Olin’s superior reputation and from Manufacturing Companies” for five con- says Nancy Barter, associate director at the School of Law, who addressed
Now in its 30th year, Olin’s Century Club
our time spent here. Come be a part of it. secutive years, Fortune magazine as one of The Dean’s Medal for Exemplary Service of development and director of the “Negotiating With Difficult People”; and
Business Series connects Olin alumni
“America’s Most Admired Companies” and was awarded to Melvin and Susan Bahle Annual Fund. Maggie Sullivan Wilderotter, chairman
with executives from today’s premier
Forbes magazine as one of the “400 Best for their extraordinary commitment to and CEO of Frontier Communications,
Big Companies in America” eight times. He Olin. For several decades, they have Laurie Hiler, EMBA ’96, a member of the who guided participants through her
is a member of Olin’s National Council. worked with the business school’s deans group’s steering committee, says: “Olin “Leadership Journey.”
November 5, 2008
to build Olin’s national and international women want to hear about areas of busi-
J E F F Q U I N N , CEO, Solutia Inc.
Campbell is president and CEO of reputation. The Bahles were among the ness, issues and initiatives they might Wilderotter was featured in The Wall
7:30 a.m. — Breakfast
Anschutz Entertainment Group (AEG) first Scholars in Business program sponsors, not be exposed to otherwise. By bringing Street Journal article “Raising Women to
8 - 9 a.m. — Presentation
Europe, a subsidiary of one of the world’s and their support has made them Life our alumnae together, we’re building a Be Leaders”; on “The Today Show”; and on
Simon Hall, May Auditorium
leading sports and entertainment compa- Patrons of the William Greenleaf Eliot stronger Olin network and Washington PBS’ “To The Contrary,” an all-female
ROBERT E. SHERWOOD nies. He joined the firm in 2005. Campbell Society. Always modest, the Bahles University community.” news-analysis series. For more information, contact Jill Lustberg at
MArch/MBA ’79 previously worked for the Virgin Group, downplay their contributions. But those email@example.com or 314-935-6845.
President, Olin Alumni Association where he became founding CEO of Virgin who know them best say the Bahles’ Women’s Initiative luncheons are held For information on upcoming speakers
2008/2009 Radio; co-founded Ginger Media; was generosity will shape the Olin community twice annually. Past speakers include and topics, e-mail nancy_barter
Managing Director, Pace Properties executive vice chairman of Ministry of for generations to come. Judi McLean Parks, Reuben C. and Anne @wustl.edu or call 314-935-9053.
22 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 23
ALUMNI CONNECTIONS CLASS NOTES
OUR THANKS to all of you for answering our Larry Odle, BSBA ’79, Denver, is Officers and Advisors (SEATOA).
Taylor Speaks at Century Club Business Series
president of Rocky Mountain firstname.lastname@example.org
request for alumni news. Once again, your response Recycling. email@example.com
William Meehling, MBA ’83,
As guest speaker for Olin’s December Enterprise celebrated its 50th anniversary has been tremendous. Find out what your class- Paul Sobel, BSBA ’79, Alpharetta, Naperville, IL, is a principal with
2007 Century Club Business Series, by making a long-term commitment to GA, is vice president, internal Harris Investment Management.
UPCOMING: mates have been up to since they graduated from audit, at Mirant Corp. firstname.lastname@example.org
Andrew Taylor, chairman and CEO of contribute $50 million to plant 50 million
Enterprise Rent-A-Car, trees over the next EVENTS Olin Business School. email@example.com
Thomas Spiegelhalter, MBA ’83,
encouraged attendees to 50 years in partnership Prospect Heights, IL, is business
Many of you submitted entries in the spring for our director for ICOM.
serve as catalysts for
social and environmental
with the National
Arbor Day Foundation O L I N TA L E N T fall issue of OlinBusiness Magazine. Whenever pos- 1980s firstname.lastname@example.org
Lee Bernstein, MBA/MHA ’80,
change. He outlined and the U.S. Forest
SUMMITS sible, we adjusted for the time difference, and we’d St. Louis, is executive vice president
Rhonda (Wachtel) Weithman,
“Corporate Leadership in Service. BSBA ’83, Columbus, OH, has
love to hear from you with updates or corrections. and chief operating officer at
worked in the telecommunications
the 21st Century — All Recruit for impact. Join us at one of St. Joseph Hospital in Kirkwood, a
business since 1984, selling phone
Olin Business School’s Talent Summits. member of SSM Health Care. He
Business Exists With In addition, Taylor said To submit Class Notes information, fill out the form systems, cellular service, fiber,
will lead the hospital’s transition
Permission of Society,” Enterprise has more This is a unique opportunity to connect to St. Clare Health Center, which is
transport, circuits, data gear, PBXs
with talented students seeking intern- online at www.olin.wustl.edu/alumni/forms/kit or under construction in southwest
and now Cisco. She has been
a subject he says his fuel-efficient cars on married for 15 years and has two
family and company are the road than any ships and full-time positions. on Page 29. St. Louis County. Previously, he was
children: Josh, 9, and Rachel, 7.
vice president of operations and
“passionate about.” other car rental email@example.com
January 5, 2009 N E W YO R K Judith Meador, MBA ’66, St. Louis,
facilities for Barnes-Jewish Hospital.
Long inspired by Arthur
company, including a
fleet of about 73,000 January 7, 2009 C H I C AG O 1950s was inducted into the St. Louis
Small Business Administration
Marie Carroll, MBA ’80, St. Louis,
Stephen Fisher, BSBA ’84/MBA
’85, South Orange, NJ, left a private
Thomas Hess, BSBA ’50, Crystal was recognized by YWCA Metro
Page, the late AT&T flex-fuel vehicles, January 8, 2009 S I L I CO N City, MO, retired on Jan. 1 after 35 Hall of Fame in May. She sold her St. Louis at the 27th Leader Lunch
equity firm to form Hudson Ferry
Capital in 2005. He lives with his
company, St. Louis Small Business, on Dec. 13, 2007, at the Millennium
executive, Taylor said: which run on a blend VA L L E Y years in real estate and 25 years in
wife, Joanne, and their sons, Max
retailing. firstname.lastname@example.org last year and now is retired. Hotel. This event recognizes the
“Companies that owe of 85 percent ethanol and Ben.
For more information, contact Colleen King contributions of women in the
their success to the and 15 percent gas. The Jerry Poe, MBA ’57, Sun Lakes, AZ, Robert Matlock, BSBA ’68, workplace and the community.
at email@example.com or 314-935-5950. McKinney, TX, has formed the law Robert Golden, MBA ’84,
public have a mandate company is funding emeritus professor of finance at
St. Louis, has been promoted to vice
Arizona State University, was firm of Woods, May & Matlock PC Princess Elizabeth Ezenwa Okenwa,
from the same public to research into alterna- along with Kay Woods and Marc president, mergers and acquisitions,
Andrew Taylor installed in the faculty hall of BSBA ’80, St. Louis, launched a
demonstrate integrity tive fuels with a $25 May. The firm’s attorneys practice at Anheuser-Busch.
fame of the W.P. Carey School of new Web site, the African Business
marital litigation, collaborative Directory and News, at
and responsibility in all million gift to the Business on April 8. In 2006, he
Richard Ritholz, BSBA ’84,
was inducted into the hall of fame family law and mediation. www.african-business-directory.com.
facets of their business Donald Danforth firstname.lastname@example.org Short Hills, NJ, joined hedge fund
at the Breech School of Business princess.eliz@african-business-
conduct.” Plant Science Center, which created the Elliott Associates. Previously, he
Administration, Drury University. directory.com
Gary Seigal, AB ’66/MBA ’68, owned energy trading company
Enterprise Rent-A-Car Institute for email@example.com
St. Louis, won the gold medal in Stuart Manewith, BSBA ’81,
As a result, Taylor said Enterprise focuses Renewable Fuels. racquetball singles for ages 60-64
William Robinson, BSBA ’59, St. Louis, is a senior business
on environmental stewardship and sus- in the St. Louis Senior Olympics Jeff Rosenkranz, BSBA ’84,
Naples, FL, was elected chairman solutions manager at Blackbaud,
in May. Glencoe, IL, has retired as head of
tainability. This effort isn’t driven simply “Building a successful sustainability effort of the board for Child Care of the country’s largest technology
mergers and acquisitions for Piper
Southwest Florida, a full-service company that serves exclusively
by altruism, Taylor emphasized. “It’s based doesn’t mean trying to save the world,” Jaffray. He had been with the
agency operating 13 childcare and nonprofit organizations.
in enlightened self-interest. These days, Taylor added. “But what we can and company for five years and previously
companies that aren’t active participants certainly should do is look for meaningful
after-school programs in five coun-
ties in southwest Florida. He also 1970s firstname.lastname@example.org
spent 14 years with Merrill Lynch. He
and his wife, Lisa Kaplan Rosenkranz,
serves as chairman of the board for Richard Wieland II, MBA ’70, Vaughn Meglan, MBA ’81,
in this discussion risk being left behind by ways to address the parts of the world BSBA ’82, have two sons.
the Foundation for Quality Child Chicago, recently became chief Frederick, MD, is vice president,
customers, employees and others who will that are touched by our business.” The Olin Talent Summits are events Care. email@example.com financial officer at Cytochroma. accounting, at Ore Pharmaceuticals.
Bernard Doering, MBA ’85,
control their destinies.” designed to connect alumni and employers firstname.lastname@example.org
Amsterdam, Netherlands, is a
in select cities with Olin Business School Del Schwinke, BSBA ’59, St. Louis, Veselina (Lekich) Jovanovic, BSBA strategic account director for Nike.
is the newly elected president of ’73, St. Louis, is a budget analyst for Brenda (Bradley) Stiehl, BSBA ’81,
students interested in working for firms in the Ad Club of St. Louis. the Washington University School San Diego, joined TriTech Software
David Lustberg, BSBA ’85, Weston,
moderated the discussion in front of an those areas. See upcoming dates above. email@example.com of Medicine. Systems as a controller.
Alumni Panelists audience of top-level recruiters, Olin
CT, is president of DRM Search
Address Olin Young faculty, administrators and MBA students.
1960s Daniel Hazard, BSBA ’75,
Huntington Beach, CA, has worked
Eric Wapnick, BSBA ’82, Oak Park,
CA, moved to Southern California
Todd Brown, PMBA ’86, Telluride,
CO, has become president and COO
OLIN’S DISTINGUISHED with his wife, Pam, vice president
Leaders Association Dorothy Kittner, Olin’s director of corporate
Joseph Odgers, BSBA ’60, Santa
Barbara, CA, retired in 1995 and
as a branch manager with LPL
Financial Services for 10 years. He and treasurer at Amgen, and
of UniquePak. He divides his time
among Chicago, Telluride and Paris.
relations, says the panelists advised specializes in retirement plans for daughters, Samantha, 9, and Sarena,
moved four years ago to Santa firstname.lastname@example.org
businesses and high-net-worth indi- 5. Wapnick is a tax specialist and
In February, the student-led Olin Young students to develop their critical-thinking DINNER Barbara. He serves on several
viduals. Hazard is a board member looks forward to hearing from
Leaders Association held its inaugural skills, work as a team to use everyone’s community organization boards Dr. Scott Cohen, BSBA/BSEP ’86,
for the YMCA and a Venture Scout other Southland alumni.
Honors distinguished Olin alumni, and has many new friends. He Oakwood, OH, has joined Kettering
event: “Managing the Changing Face of best talents, take charge of their own adviser. Besides family activities and email@example.com
friends and faculty. enjoys lawn bowling and is serving Medical Center in Dayton, OH, to
career progression and stay up to speed on trips, he competes in duathlons and
Business.” The dinner included a panel as a lawn bowling club president.
Wendi (Dritz) Carver, BSBA ’83,
be closer to his family. For the past
hikes at national parks.
discussion on career opportunities and important global issues. “This event was April 22, 2009, 6 p.m. Odgers says life couldn’t be better.
firstname.lastname@example.org Rye, NY, has been married for 11
five years, he practiced urology in
email@example.com Florence, SC. firstname.lastname@example.org
challenges featuring Jim O’Donnell, another great example of Olin’s strategic years to Mike. They have two
T H E R I TZ- CA R LTO N , ST. LO U I S Michael Rubinstein, AB ’75/MBA children: Micki, 10, and Tommy, 8.
BSBA/MBA ’74, president and CEO, focus on expanding the intersection of Michael Berezin, BSBA ’63, Delray Devon Howe, MBA ’86, Albany, NY,
Beach, FL, retired from his position ’76, Highland Park, IL, is chairman
Bush O’Donnell Capital Partners; Sandra faculty, students and business,” she said. For more information, contact Sandy of the Anti-Defamation League, Geraldine Johnson, MBA ’83,
has been appointed president and
of president and owner of David’s CEO at CMP Industries LLC. The
Van Trease, EMBA ’92, group president, Jurgenson at email@example.com Foods in 2001 after 30 years of Greater Chicago/Upper Midwest Charlotte, NC, completed her
company is a major manufacturer
Region. certificate in advanced geospatial
BJC HealthCare; and Larry Thomas, BSBA Olin’s Young Leaders Program is designed or 314-935-5179. business. He also retired in 2005
technologies (GIS) from Central
of dental laboratory materials
’77, partner, Edward Jones. for high-achieving undergraduate and from his 13-year position as a finan- and equipment.
William Hoeg, MBA ’78, New Piedmont Community College in
cial adviser at AXA Equitable. He
graduate students who want to pursue Berlin, WI, is a managing member May with a 4.0 GPA. She was
and his wife, Paula, have been
of WMH Leasing LLC. elected treasurer for the SouthEast
Jackson Nickerson, Frahm Family an MBA immediately after — or in married for 42 years. They have
Association of Telecommunications
three children and six grandchildren. firstname.lastname@example.org
Professor of Organization and Strategy, conjunction with — another degree.
24 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 25
Theresa (Lynch) Ruzicka, MBA ’86, Laurence Hillman, AB ’86/MBA/ Command and General Staff College Edwin Casteel, MBA ’91, Tulsa, OK, Steve Hughes, MBA ’93, Mel Marten, BSBA ’94, Curtis Blanc, BSBA ’96, Kansas City, University campus last fall and have
St. Louis, joined RubinBrown in MCM ’88, St. Louis, has published (ILE) as a Reserve officer in June. is director of managed care for St. Louis, launched a Web site, Miami, FL, started a new company, MO, is a managing attorney for their funds ready! Katie Rose is 5
October 2007 as the partner in his second book on astrology with email@example.com Saint Francis Health System. His www.mystandingo.com, designed ClaroConnect, to better match Kansas City Power & Light Co. and Jack is 4. twin-
charge of the Small Business Group. Tarcher/Penguin. He also writes CPA exam score made him a Silver as a video-based online learning people to investment advisers and He and his wife, Nicole, have two firstname.lastname@example.org
a monthly column at www.artinfo. Pravin Rao, MBA ’89, Oak Park, IL, Award winner for Oklahoma. environment that helps professionals other financial professionals. The children: Alex, 5, and Noah, 2.
James Selberg, MBA ’86, com and can be visited at joined the law firm of Perkins Coie email@example.com polish their speaking skills. He Web site is www.claroconnect.com. firstname.lastname@example.org Nicole (LeClair) Wartchow, BSBA
Memphis, TN, is chief financial www.planetsinplay.com. LLP in Chicago as a partner in published his first book, “The 5- Marten would love to hear from ’97, London, relocated to London
officer for Intrepid Aviation the litigation practice, where he Yair Sakov, MBA ’91, Israel, is vice Minute Speaker: 97 Quick Ways Olin friends. Dan Brotman, MBA/MHA ’96, in July 2007 with her husband,
Management LLC. Gregory Strauss, BSBA ’86/MBA represents public companies, offi- president, business development, to Improve Your Presentations,” email@example.com Austin, TX, is a self-employed Robert. She sold her financial plan-
firstname.lastname@example.org ’88, St. Louis, left Coca-Cola to cers and directors, broker-dealers, and general manager, wireless and his professional speaking and search-engine marketing consultant. ning practice and has joined the
become North American vice registered representatives, and business unit, for Gilat Network training company, Hit Your Stride Thomas Moore, SI ’83/EMBA ’94, email@example.com wine business, having completed
Curtis Chambers, MBA ’87, Largo, president of sales and business other institutions and individuals. Systems in Israel. LLC, continues to grow. St. Louis, received his doctorate in her intermediate- and advanced-
FL, is a financial adviser with development at Fleischmann’s He is returning to the private sector organization and management from Edward Clukey, PMBA ’96, San level WSET (Wine & Spirit
Edward Jones. He is married Yeast. He and his wife, Dana, have after lengthy public service as a Kirstin (Baum) Sumner, BSBA Michael Kollins, BSBA ’93, Hong Capella University in August 2007. Antonio, TX, is co-owner of Education Trust) courses. She now
with two children. two children: Caroline, 5, and prosecutor with the United States ’91/JD ’00, Chicago, is associate Kong, is managing director for His research focused on virtual Millennia Cabinetry, a commercial works for a London wine retailer.
firstname.lastname@example.org Gregory Jr., 4. He’s looking forward Attorney’s Office, the Securities general counsel of Brookdale Senior Morgan Stanley Investment teams in new-product development. millwork company that he joined in email@example.com
to seeing everyone from the MBA and Exchange Commission, and Living, a leading senior housing Management and has been Moore is a distinguished engineer- 1996 and later bought. It received
Anne (Tanhoff) Greenspoon, BSBA Class of ’88 again at the 20th the Cook County State’s Attorney’s company. Her husband, Scott, is appointed chief operating officer ing fellow with Bausch & Lomb. the 2006 Jeffrey Butland Family- Dongmei Zhang, MBA ’97, St. Louis,
’87, Owings Mills, MD, has returned reunion! firstname.lastname@example.org Office in Chicago. manager of quality and technology of the investment management Previously, he served as the Owned Business of the Year is a manager, strategic analysis, for
to her hometown of Baltimore. email@example.com for Accretive Health, a revenue division in Asia. company’s vice president, design Award from the Small Business Monsanto. She is married with two
She is director of admissions for Francis Wagner Jr., EMBA ’88, cycle management consulting firm. and development. Administration for South Central sons: Justin, 7, and Jared, 4.
Shoshana S. Cardin Independent St. Louis, is retired. James Waites, PMBA ’89, St. Louis, firstname.lastname@example.org Todd Purdy, BSBA ’93/MBA ’97, email@example.com Texas. He and his wife, Rosamaria, firstname.lastname@example.org
Jewish High School. She and her email@example.com is managing director at IDS Scheer. St. Louis, is vice president, treasury have four children. firstname.lastname@example.org
husband, Rabbi David Greenspoon, Harsono Sutanto, MBA ’91, services, at the Federal Reserve Chet Robinson, MBA ’94, Dayton, Justin Hult, MBA ’98/BSCE ’99,
have two sons: Miles, 13, and Micah, Donald Woodruff, MBA/SI ’88, Surabaya, Indonesia, works for Bank of St. Louis. OH, released his sixth novel, “The Stewart Hsu, BSBA ’96, San San Francisco, was promoted to
10. email@example.com Fort Dodge, IA, earned the DBIA UBS AG, a private bank. He and his firstname.lastname@example.org Things We Do for Love,” in March Francisco, is founder and principal director of operations and chief
William Osbourn, BSBA ’87,
designation from the DesignBuild
Institute of America while serving
1990s wife, Peggy, have a 14-year-old
daughter and 9-year-old son. Takeshi Yamakawa, MBA ’93,
under the pseudonym Xavier Knight.
He is a marketing communications
of Brightwater Investment Group.
The firm acquires, invests in and
compliance officer of Salient
Wealth Management LLC. He
William Bauer, BSBA ’90/EN ’94,
Charlotte, NC, was promoted to as president of Woodruf email@example.com Philadelphia, is president and CEO manager at Teradata Corp. He and operates apartment buildings in oversees the team responsible for
St. Louis, was promoted to business
senior vice president and controller Construction LLC, a midsized of Genji, a company that sells his wife, Kyra, have a 2-year-old U.S. growth markets. It currently client transitioning, investment
manager of occupational therapy
of Time Warner Cable. In his new design-build general contractor in Dr. Carey Weiss, EMBA ’91, sushi and Japanese-inspired food daughter, Kennedi. manages more than 200 units in planning, and ongoing client service
at Washington University in
role, Osbourn will oversee the Fort Dodge, Ames and Iowa City. Santa Fe, NM, is clinical director at upscale supermarkets. The firstname.lastname@example.org Dallas and is looking to increase and reporting. As part of Salient’s
November 2005. His previous posi-
company’s operations accounting, email@example.com of anesthesiology for Sheridan company has 83 stores, located on that number to 500 by the end of investment committee, he helps
tion was finance and information
external financial reporting, Healthcare. Although Sheridan is the East Coast and in London, and Marty Rudin, MBA ’94, Peoria, IL, the year. firstname.lastname@example.org shape the firm’s guiding investment
systems manager. Bauer has worked
Sarbanes-Oxley compliance, devel- Henry Bass, EN/MBA ’89, based in Florida, it provides hospi- hopes to increase that number. was promoted to senior transaction strategies and policies. He also is
for the University for 18 years.
opment and implementation of Christiansburg, VA, is celebrating tal-based physician services across email@example.com manager in Caterpillar’s mergers Oscar Huang, MBA ’96, the firm’s in-house fiduciary expert,
accounting policies and procedures, 12 years of Web software develop- the country and is one of the largest and acquisitions group. Rudin, his Los Angeles, CA, is general manager having recently completed his
and shared services. ment at Automation Creations private providers of anesthesia Todd Bendis, BSBA ’94, Columbus, wife, Debbie, and their family would for Kenwon. firstname.lastname@example.org Accredited Investment Fiduciary
Victor Dawson, EMBA ’90,
(www.aciwebs.com) and more services in the United States. He OH, was named general manager like to extend greetings to the MBA Analyst (AIFA) designation.
Highlands Ranch, CO, founded a
than 67,000 materials at www. continues to reside in Santa Fe. of Greif Inc.’s load securement Class of 1995, especially his study Patrick McNab, MBA ’96, London, email@example.com
global product-sourcing company in
matweb.com. He completed firstname.lastname@example.org division, a business that provides group, “The Blanket.” is an executive director at JPMorgan,
2004 that specializes in Asian and
solutions that protect its customers’ where he has worked since 1997. Heather (Rogers) Karimi, MBA ’98,
Latin American markets. He has
Scott Fancher, SI ’84/EMBA ’92, shipments during transit. Bendis Don Winter, EMBA ’94, St. Louis, Denver, CO, is account manager for
been married to Nan for 34 years.
Hampton Cove, AL, was promoted and his wife, Cheryl (Bechky) is vice president of engineering and Conrad Steinmann, MBA ’96, Affiliated Computer Services.
His daughter, Amanda, married Pat
Alumni Making a Difference Day on Aug. 31, 2007, and his son,
to vice president and general man-
ager, Missile Defense Systems, at
Bendis, BSBA ’93, reside in
Columbus with their two girls:
information technology for Boeing.
New York, is vice president,
treasury services, at The Bank of Taekil Kim, MBA ’98, Paramus,
Michael, is working for Dawson’s
Boeing. In his new position, he over- Abby, 7, and Amanda, 5. New York Mellon. NJ, is senior vice president at
company and finishing college.
sees 3,900 people in nine major Libby Hartman, MBA/MSW ’95, Shinhan Bank.
n 1990, friends persuaded operating locations that provide inte- Karen (Palmer) Bland, MBA ’94, Seattle, joined Microsoft’s customer George Van Antwerp, MBA/MArch
Steven Segal, BSBA ’82, Victoria Gonzalez, MBA ’90,
grated missile defense solutions for St. Louis, and her family moved service and support organization ’96, St. Louis, works at Silverlink Marc Packman, BSBA ’98,
to ride a cheap 10-speed all phases of ballistic missile threats. back to St. Louis after 10 years in as a director in its strategy group. Communications, a Boston health Short Hills, NJ, was promoted to
St. Louis, has been appointed
Chicago and Minneapolis. email@example.com care technology company, where managing director of Cushman
bicycle in the Pan-Mass president and chief executive
Jennifer (Gladstone) Peljovich, BSBA firstname.lastname@example.org he leads the pharmacy and custom and Wakefield, a leading real estate
Challenge, a two-day officer at the Nidus Center for
’92, Baltimore, is the morning anchor Takashi Mikkaichi, PMBA ’95, solutions areas. His oldest child is services firm in New York City.
fundraiser for the Dana-Farber for the Fox affiliate in Baltimore. Paul Carlson, MBA ’94, St. Louis, Tokyo, is a managing director at entering second grade and his He and his wife, Natalie (Richards)
Cancer Institute in Boston. is director, Alliance Programs, Goldman Sachs Japan. youngest is turning 5 this fall. Van Packman, BSBA ’98, moved to Short
Matt Levenson, BSBA ’90, St. Louis,
Corey Rosemond, BSBA ’92, at TALX. Antwerp would love to hear from Hills from Manhattan in 2006 with
is vice president of two national
Redmond, WA, is group marketing Eric Schaefer, BSBA ’95, Scottsdale, his classmates. Read his blog at their son, Noah, 3. Natalie left her
retail specialty contracting busi-
But the event got a lot more nesses. He and his wife, Angela,
manager in Microsoft’s Xbox Matthias Damm, MBA ’94, AZ, is a principal at Schaefer & www.georgevanantwerp.com. position as a corporate attorney to
personal for Segal in the Global Marketing Division. Hamburg, Germany, works for Associates, a commercial real email@example.com stay home full time.
have been married for nine years.
firstname.lastname@example.org DVA International. estate firm, where he works with email@example.com
years that followed: Two They have three children: Alec, 7;
firstname.lastname@example.org his father, Donald Schaefer, BSBA Tim Whittle, BSBA ’96, St. Louis,
business school friends died of cancer, and his mother and Aaron, 4; and Aidan, 3. Levenson
James Stokes, PMBA ’92, Denver, ’65. The firm manages a portfolio is an assistant basketball coach for Julie (Ringold) Price, MBA ’98,
says he always enjoys catching up
another friend were diagnosed with cancer. After more than a with old friends via e-mail.
CO, is self-employed. Susan (Kleine) Fishbein, MBA/JD of more than 40 commercial prop- the Washington University men’s Houston, and her husband, Andrew,
decade of pedaling in the Challenge, he was joined by his wife, ’94, St. Louis, recently became erties throughout the Southwestern basketball team. The team was have two children: Lindsey, 5, and
Russell Chrusciel, BSBA ’93, chief counsel of Global Brass and United States. Eric and his wife, last season’s Division III national Lillian, 3. email@example.com
Ellen, BSBA ’82, whose mother died of breast cancer in 2004. Larry Teitelbaum, BSBA ’90, West
Geneva, IL, is account manager for Copper Inc., a company formed Nora, have a son and a daughter. champion. firstname.lastname@example.org
Ellen learned she had breast cancer in 2006. Harrison, NY, is senior vice presi-
SunGard Data Systems and spends from the sale of the metals business email@example.com Edmund Tunney Jr., EMBA ’98,
dent at ING Clarion, where he raises
most of his free time managing the of Olin Corp. Kerry (Soffar) Kaplan, BSBA ’97, Minneapolis, is a regional
capital from institutional investors.
Segal, a special limited partner for J.W. Childs Associates and an lives of his four little girls. firstname.lastname@example.org Adam Stanley, BSBA ’95, Chicago, Washington, D.C., was promoted director for DHL. edmundtun-
He and his wife, Diane, have three
email@example.com was appointed global chief technol- to director, member services, at firstname.lastname@example.org
instructor in private equity and leveraged buyouts at Boston boys, Jake, Max and Will.
Craig Hartman, MBA ’94, Chicago, ogy officer of Aon Corp., one of the Corporate Executive Board. She
University School of Management, rides for Dana-Farber’s The email@example.com
Catherine (Cornell) French, was promoted to senior managing world’s largest risk management, and her husband, Scott, bought a Mitchell Whiteman, BSBA ’98,
Jimmy Fund. To date, he has raised more than $1 million for its PMBA ’93, St. Louis, is senior director at Cisco Systems. He is reinsurance and human-capital house in Springfield, VA in March. Baltimore, is with Brown Advisory,
Amos Aldaag, MBA ’91, Kfar-
cancer research and patient care. vice president at Citi. cather- responsible for the global manufac- management firms, with employees firstname.lastname@example.org where he assists individuals and
Shmaryahu, Israel, is a Boeing 747
email@example.com turing sector within the company’s in 120 countries. He has direct families with financial advice.
captain for El-Al Israel Airlines.
Internet Business Solutions Group. reports on several continents and Amy (Capstack) Rogers, BSBA ’97,
Ellen, now cancer-free, recently organized cancer fundraisers Steven Carr, BSBA ’91, Atlanta,
Stephen Henke, AB/MBA ’93, firstname.lastname@example.org is enjoying becoming familiar with Orange County, CA, is a biotechnology Ramelia Williams, BSBA ’98,
in Boston that raised approximately $750,000. Franklin, TN, is a software the various cultures. sales representative for Genentech Chicago, was part of the National
left California in March and now
developer for Healthways. Edmund Kamm, MBA ’94, London, and loves every minute of it. She, Association of Realtors “30 under
resides in Atlanta.
email@example.com is chief operating officer for last her husband, Chris, and their 30” agents poised for success in the
minute.com (Travelocity Europe). children toured the Washington industry. In January, she published
26 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 27
“Seeds to Grow Success: Foundational James Stamatis, MBA ’99, well as awards for the homes it has ’02/MSW ’04, have two children: Cassandra (Isaacson) Kirchner, record labels and divisions.
Tools for the Rookie Real Estate Thousand Oaks, CA, is a director designed and built. Seth, 2, and Shiloh, 9 months. PMBA ’02, St. Louis, is senior firstname.lastname@example.org
Agent to Build a Profitable
Business,” available at www.rookie
in the mergers and acquisitions
group at Amgen. He previously
email@example.com firstname.lastname@example.org finance manager at Express Scripts.
email@example.com Susan (Hanlon) Hemminghaus,
Career Change? Promotion?
agentbootcamp.com. This Web
site is the newest addition to her
spent six years at Eli Lilly.
Stephen Welker, EMBA ’00,
St. Louis, is general manager at
Bryan Rukin, BSBA ’01, New York,
is vice president at Goldman Sachs. Paul LeBar, EMBA ’02, Colorado
PMBA ’03, St. Louis, is a financial
adviser for Edward Jones. Got Married? New Child?
business enterprise. Crosslink. firstname.lastname@example.org email@example.com Springs, CO, is vice president and
firstname.lastname@example.org Joseph Thum, PMBA ’99, St. Louis, general counsel for ITT, Systems Alex Hill, MBA ’03, Berkeley, CA,
is national accounts manager for Suan Yeo, BSBA ’00, Singapore, Timothy Spiker, BSEE ’95/PMBA Division. email@example.com has worked for the U.S. Postal Share your news with fellow alumni. Go online to
Jay Wolz, EMBA ’98, Cape Emerson, White-Rodgers Division. is working as a headhunter in the ’01, Suwanee, GA, is developing Service since 2004. He would like
Girardeau, MO, is supervisor of firstname.lastname@example.org banking industry after a six-month media strategy for a leadership Nick Rahman, BSBA ’02/MBA ’03, friends to contact him if they’re in www.olin.wustl.edu/alumni/forms/kit
market management at Southeast trip around South America. She consulting firm. Miami, is senior manager, strategic the Bay Area. email@example.com
Missouri Hospital. He oversees Katsuyuki Yamashita, MBA ’99, would like anyone traveling through firstname.lastname@example.org planning and finance, at Boca or complete this form and send to:
the hospital’s call center and Nagoya, Japan, is pursuing a Asia to e-mail her a note. Developers. email@example.com Timothy Jordan, PMBA ’03, Eureka, Olin Business School
physician referral program and doctorate in financial accounting firstname.lastname@example.org Claudia Vasquez, MBA ’01, Rüti, MO, is strategic account manager
is responsible for its primary service at Nagoya University in Japan. Switzerland, is a stay-at-home mom Brandon Tang, MBA ’02, Taipei, at BAERO North America. Washington University in St. Louis
lines market-plan development. email@example.com David Baur, MBA ’01, St. Louis, with two children: Christian, 5, and Taiwan, is customer and channel Campus Box 1162, One Brookings Drive
Wolz was elected to the board joined Bunge as manager, strategic Rainer, 3. She is also studying manager for Nestlé Taiwan. Todd Kaye, JD/MBA ’03, St. Louis, St. Louis, MO 63130-4899
of directors of the United Way of Brian Yost, BSBA ’99, St. Louis, planning. firstname.lastname@example.org advanced German. claud- email@example.com works on a variety of corporate
Southeast Missouri and is chairman was promoted to senior vice presi- firstname.lastname@example.org and securities matters at Bryan fax: 314-935-8891
of its 2008 campaign. dent at U.S. Trust, Bank of America Chrishette Carter, BSBA ’01, Laura (Siegel) Whalen, MBA ’02, Cave LLP. email@example.com
firstname.lastname@example.org Private Wealth Management. He Atlanta, started a Web site called Bill Waelke, BSBA ’01, Denver, San Antonio; her husband, Mark Name:
was selected as a Five Star: Best in Two JetSet Divas. It targets a received his MBA in June 2007 Whalen, MBA ’01; and their son, William Lockwood, PMBA ’03,
Fahd Al-Rasheed, BSBA ’99, Client Satisfaction Wealth Manager primarily female audience, offering from the University of Chicago Owen, recently relocated to San St. Louis, manages the Edward Degree & Year:
Dubai, United Arab Emirates, by St. Louis Magazine. He and his a unique perspective on internation- Graduate School of Business. He is Antonio. Mark works in corporate Jones office in St. Peters, MO.
was appointed CEO of Emaar.E.C. wife have three daughters. al traveling. The site, www.twojet a director in the corporate develop- strategy for AT&T, and Laura is in email@example.com Address:
He implements strategies for the firstname.lastname@example.org setdivas.com, was created to ment group of Tomkins plc, and his planning and analysis at HEB.
on-schedule completion of King share a love of travel and provide wife, Karen, is a social worker. Scott Miller, EMBA ’03, St. Louis, City: State: Zip:
Abdullah Economic City (KAEC) inspiration for travel planning. Richard Williams, BSBA ’02, was selected as one of the St. Louis
and further enhancement of its email@example.com Michael Ahn, MBA ’02, Atlanta, New York, is an associate for Mayer Business Journal’s “40 Under 40”
appeal as a global investment
destination. The 168-million-square-
2000s Peter Eberle, MBA ’01, Fort Collins,
enrolled in the finance doctorate
program at Georgia Institute of
Brown LLP. firstname.lastname@example.org for 2007.
Phone (home): (business):
Jennifer (Graeser) Bierling, MBA/ E-mail Address:
meter KAEC is the largest private- CO, is enjoying the Colorado Technology. He previously worked Azeka Abramoff, BSBA ’03, Vladislav Polyansky, MBA ’03,
MIM ’00, Fenton, MO, was named
sector development in the region. lifestyle. He is a sales representative as a financial manager for five Chicago, finished law school and Kiev, Ukraine, is managing partner Employer:
information technology program
Previously, Al-Rasheed was deputy with Automatic Data Processing. years at the International Finance began working at Holland & Knight at Ameropa Capital. vapo-
director at Anheuser-Busch.
governor for Economic Cities with email@example.com Group, Samsung Electronics in August. firstname.lastname@example.org email@example.com Title:
SAGIA (Saudi Arabian General Global Headquarters.
Thanit Khoosuwan, MBA ’00,
Investment Authority). Ali Fardshisheh, BSBA ’01, firstname.lastname@example.org Victor Acevedo, BSBA ’03, San David Rice, PMBA ’03, St. Louis, What’s new with you? (50 words maximum):
Bangkok, Thailand, is general man-
Miami Beach, FL, is attending Juan, Puerto Rico, graduated with vice president of BAERO North
ager at Emerald Mines (Thailand).
Matt Breidert, MBA ’99, London, the University of Miami School of Elyssa (Rotkowitz) Bortz, BSBA ’02, a JD/MBA from the University of America, was promoted to chief
is portfolio manager for Ecofin. Law, working toward his LLM in New York, works for Lehman Puerto Rico in May 2007 and was operating officer of the multi-
trusts and estates. alifard- Brothers. email@example.com sworn in as an attorney in Puerto million-dollar firm, based in
Devdatt Kurdikar, PMBA ’00,
James Eaves-Johnson, BSBA ’99, firstname.lastname@example.org Rico in February. He is a federal St. Louis.
Vernon Hills, IL, is senior director,
Coralville, IA, is decision support Anne Cook, EMBA ’02, Houston, judicial law clerk at the U.S. District
strategy, at Baxter.
coordinator at Mercy Iowa City. Michael Hilburg, BSBA ’01, is general manager at Shell. Court in the District of Puerto Rico. Susanna Satten, BSBA/BFA ’03, Jeremy Hung, BSBA ’04, Dallas, men from modest backgrounds.
email@example.com Arlington, VA, is studying at firstname.lastname@example.org Wynnewood, PA, is assistant changed jobs and is an information The school was recognized as one
Paul Mariani, MBA ’00, Chicago,
Georgetown University for his Erin Doty, BSBA ’02, St. Louis, is vice president in the National technology consultant for Network of the top 25 private elementary
is vice president and principal of
Laura Garofalo, BSBA ’99, Master of Public Policy and associate director of development Matthew Bower, MBA ’03, St. Louis, Corporate Banking Group at TD Services Now. He formerly was schools in Chicago by Chicago
Brown Gibbons Lang & Co.
Chicago, is employment attorney MBA (class of 2010). for Olin’s Alumni and Development is a client manager for Moneta Commerce Bank. a project manager for the imple- Magazine. It is looking for partners
for Holland & Knight LLP, and her Office, and her fiancé, Ross, is a Group. email@example.com mentation of health care software to assist with its work.
husband, Joseph El-Etr, AB ’98, is Rachel Katz, BSBA ’01, Woodbridge, principal at 2e Creative, an advertis- David Brown, MIM ’03/MBA ’04, in Madison, WI. jere- See www.cjacademy.org.
Mike McClure, EMHS ’00, Fort
an options trader at the Chicago CT, earned her JD in May from Case ing and marketing firm. erindo- Tricia Copeland, PMBA/MIM ’03, St. Louis, was presented with firstname.lastname@example.org email@example.com
Smith, AR, is director, global
Mercantile Exchange. Western Reserve University School firstname.lastname@example.org St.Louis, is an information technology the Missouri Chamber Fast Track
strategic reimbursement, for
of Law. Her article “A New Frontier risk analyst for First Bank. She Award, which recognized the fast Ernesto Spagnoli Jaramillo, MBA Frederic Maury, EMBA-Shanghai
Smith & Nephew. michael.mcclure
Christopher McKee, EMBA ’99, in Terrorist Victim Compensation: Jeffrey Gibson, MBA ’02, and her husband, Scot, have two growth of his company, Datotel. ’04, Tokyo, is vice president at AIG. ’04, Hong Kong, was promoted
St. Louis, is the president of The Attack on Domestic Museums Chesapeake, VA, is vice president children: Joshua, 4, and Ethan, 1. email@example.com He has worked in New York, London to managing director of TUV SUD
McEagle Properties. and Educational Institutions” will be of Blackwater Worldwide. and South Korea since he graduated Hong Kong.
Jason Ryan, MBA ’00/MA ’02,
firstname.lastname@example.org published in an upcoming issue of email@example.com Michael Dillhyon, EMBA ’03, Danielle Dixon, BSBA ’04, from Olin. He and his wife, Melisa, firstname.lastname@example.org
Redlands, CA, is an assistant
the Art and Museum Law Journal. Switzerland, has become chairman New York, became licensed as a are having a good time in Asia.
professor at the University of
Jason Mendelson, BSBA ’99, email@example.com Stephanie (Spannaus) Hebron, of the board at Netelligent Corp. certified public accountant (CPA) firstname.lastname@example.org Pat McCluskey, PMBA ’04,
Redlands. In 2007 he completed
New York, recruited a Washington BSBA/MSBA ’02, St. Louis, is a He formerly was president. in New York state in July 2007. She St. Louis, is vice president and
his doctorate at the Smurfit School
University graduate to work for Stephen Paris, MBA ’01, Golden senior research analyst at Cardinal is enrolled at Harvard Law School Joyce Lawrence, BSBA ’04, senior fixed-income analyst for
of Business and University College
him as an associate at boutique Valley, MN, is a senior marketing Investment Advisors, an institutional Ferdinand Florendo, MBA ’03, (JD class of 2011). San Diego, received her master’s Wachovia Securities.
Dublin. He previously taught
investment bank Sandler O’Neill & manager for General Mills. investment consulting firm. Manila, Philippines, is head of degree in Pacific international
international business at Saint Louis
Partners. Mendelson is a public email@example.com the capital markets and risk Samuel Fancher, BSBA ’04, affairs from the University of Angela Minges, PMBA ’04,
University’s Madrid campus.
official on Manhattan Community Jeffrey Pozzi, MBA/MIM ’01, management department for Chicago, is a real estate analyst California-San Diego in June. St. Louis, is brand manager,
Board 5 and was appointed budget Lafayette, CA, is assistant general Edmund Hung, BSBA ’02, Beijing, Power Sector Assets and Liabilities with Integra Realty. innovations/new products, at
committee chairman. He is develop- counsel in the legal department has started NLGX, a socially con- Management, a government corpo- Junghoon Lee, MBA ’04, Seoul, Anheuser-Busch.
Susan Sontz-Sable, MBA ’00, New
ing a personal photography Web at Deloitte. Last fall, he was trans- scious company that supports con- ration that is privatizing the Katherine Fogertey, BSBA ’04, South Korea, is doing well, and his
York, has worked at Citigroup since
site at www.darkroomphoto.com. ferred from Washington, D.C., to servation and preservation and cre- Philippines’ power company. New York, moved to the buy side family misses St. Louis. He is a Gaurav Palta, MBA ’04,
she graduated from Olin. She is a
firstname.lastname@example.org San Francisco. He, his wife and ates unique designs and concepts. Its email@example.com at Goldman Sachs. senior manager at Hana Bank. Santa Clara, CA, works for Infosys
project manager in the firm’s human
his son enjoy living in the Bay debut store includes a cafe and firstname.lastname@example.org Consulting. email@example.com
resources operations and technology
Stephanie Puljak, MBA ’99, Area and, consequently, spend gallery and is home to independent Chris Gannett, MBA ’03, New York, Scot Fowler, AB ’90/PMBA ’04,
department, Citi Employee Services.
St. Louis, is senior director of quality more time outdoors. designers from around China. The has been promoted to vice president St. Louis, is a manufacturing Antonio Luk, EMBA-Shanghai ’04, Kathleen Quinn, BSBA ’04,
management and administration company’s Web site is www.nlgx.org. of strategic marketing for Sony BMG information technology coordination Shanghai, China, works for Hui Chicago, is a consultant for
at Express Scripts. Stephen Rhodes, BSBA ’01/MAEd Music Entertainment’s Commercial analyst for Monsanto. Hua Transportation Accenture. firstname.lastname@example.org
Jason Stone, PMBA ’00, St. Louis,
’04, St. Louis, is a managing partner Taro Kanai, MBA ’02, London, is Music Group. In his new role, he email@example.com
is a co-owner of Sage Homebuilders,
Tats Shimada, MBA ’99, Tokyo, is for Strategic Partners Wealth the director of Daiwa Securities supports the Commercial Music Dan Friedman, AB ’99/MBA ’04, Andrea (Meacham) Rosal, MBA
a “green-only” residential builder.
group manager, overseas business Management. He was recognized as SMBC Europe. Group’s goal of identifying, piloting St. Louis, is vice president, social Matthew Lynch, MBA ’04, Chicago, ’04, Asheville, NC, is an independent
The company has received acco-
operation, for Chugai Pharmaceutical. one of the top wealth managers in and launching new ventures while enterprise, at Provident. helped found Chicago Jesuit marketing-strategy and market-
lades for its leadership in environ-
firstname.lastname@example.org St. Louis by St. Louis Magazine. He remaining focused on deals of Academy, a full-scholarship college research contractor and a volunteer
mentally friendly construction, as
and his wife, Sabrine Boncy, AB strategic benefit to all Sony BMG preparatory middle school for young for local nonprofit organizations.
28 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 29
She and her husband, Peter, relocated Matthew Pfile, MBA ’05, San Stan Lu, MBA ’06, Taipei City, John Bucksath, EMBA ’07, Columbia, Matthew Brickhaus, MBA ’08, Georgia Gert. Martha (Pustilnik) Luchsinger, Susan Sontz-Sable, MBA ’00,
to the area from Boston. Francisco, is a strategic negotiator Taiwan, is a private wealth manager MO, is general manager at ABC Belleville, IL, is U.S. transportation karen_palmer_bland@hotmail MBA ’03, and Jim Luchsinger, MBA to Jesse Sable, August 2007.
email@example.com for Google. in the global wealth management Laboratories. firstname.lastname@example.org commander for the U.S. Navy at ’03, Berwyn, PA, have a 1-year-old email@example.com
department at Merrill Lynch-Hong Scott Air Force Base. David Border, BSBA/AB ’94, and daughter, Anna Marie.
David Small, EMBA ’04, Overland Amanda Rauschkolb, BSBA ’05, Kong. firstname.lastname@example.org Judy Burns, EMBA ’07, St. Louis, Sherri, Palatine, IL, a son, Jeffrey Timothy Spiker, BSEE ’95/PMBA ’01,
Park, KS, is chief operating officer Chicago, is a senior business was honored in March with one of Ryan Day, BSBA ’08, Austin, TX, Raymond. email@example.com David Brown, MIM ’03/MBA ’04, to Sarah Wackerlin, Atlanta, May 17,
for Sun Publications. davids- analyst for Culligan. Joseph Muich, PMBA ’06, the inaugural First Lady Awards for is a financial analyst at General St. Louis, a son, Calum Thomas. 2008. firstname.lastname@example.org
email@example.com firstname.lastname@example.org St. Peters, MO, is a manager in Business and Innovation from Mills in Minneapolis. Cathy (Sletmoe) White, BSBA ’94,
the newly created sourcing Missouri’s first lady, Melanie Blunt. and Chris White, BSCS/BSEE/MBA Suzanne Shenkman, PMBA ’06, and Bill Waelke, BSBA ’01, to
Chak Tang, MBA/MIM ’04, Jersey Guoguang Shen, MBA ’05, Dayton, management office at Edward Camille Edelen, BSBA ’08, ’95, Lago Vista, TX, twins, James Albert Crook, BSCE ’96/MIM Karen DeMots, Chicago, July 2007.
City, NJ, is an analyst for Citigroup. NJ, is working for Trane. Jones. email@example.com Ting Chen, MBA ’07, Alhambra, New York, accepted a position and Mary Cathryn. ’05/PMBA ’05/MSF ’07, St. Louis,
CA, is a primary-care sales as a buyer for Bloomingdale’s. a daughter, Juliette Pauline. Erin Doty, BSBA ’02, to wed Ross
Richard Yang, BSBA ’04, Beijing, Michael Sides, EMBA ’05, Brett Pantazi, MBA ’06, St. Louis, representative for pharmaceutical firstname.lastname@example.org Eric Schaefer, BSBA ’95, and email@example.com Toohey, St. Louis, October 2008.
is an associate with Mitsubishi St. Charles, MO, has accepted the is an investment banking associate company Boehringer Ingelheim. Nora, Scottsdale, AZ, a daughter,
Corporate Capital Asia. position of general partner at at National City Capital Markets. firstname.lastname@example.org Charlene Huang, MBA ’08, Alexa Rose. email@example.com Chuan-Ming Yang, MBA/MIM ’06, Anil Gupta, BSBA ’02, to Lisa Rogo,
firstname.lastname@example.org Edward Jones. He has been with Taipei City, Taiwan, works for and Angel, Columbus, IN, a son, AB ’02, New York, August 9, 2008.
the firm for 11 years. Sergey Shchemelev, BSBA ’06, Riley Haemer, BSBA ’07, Houston, Taishin Financial Holdings. Marc Packman, BSBA ’98, and Derek. email@example.com
Christopher Alarcon, BSBA ’05, firstname.lastname@example.org Chicago, is an analyst for Deloitte works for Brown Shoe. email@example.com Natalie (Richards) Packman, Susan (Hanlon) Hemminghaus,
New York, works in marketing Consulting LLP. BSBA ’98, Short Hills, NJ, a PMBA ’03, to Dan Hemminghaus,
and communications for the Daolin Xu, EMBA-Shanghai ’05, Andrew Hellner, MBA ’07, Shigeyuki Inaguma, MBA ’08, daughter, Abigail Hannah. St. Louis, July 2, 2007.
New York Mets. Suzhou, China, is general manager Chang Suk (Chris) Song, MBA ’06, Barcelona, Spain, is director of Kanagawa, Japan, works at Johnson firstname.lastname@example.org Marriages and
Suzette Asmar-O’Guin, PMBA ’05,
for Doga (Nantong) Auto Parts.
Seoul, South Korea, works for
marketing for Local Billing. & Johnson.
Laura Garofalo, BSBA ’99, and Engagements Teresa (Wildman) Wilke, MBA ’03,
to Eric Wilke, Cape Girardeau, MO,
St. Louis, is a senior business analyst Ryan Keefe, MBA ’07, New York, Jonathan Klein, BSBA ’08, Chicago, Joseph El-Etr, AB ’98, Chicago, Jeanette Garber, BSBA ’89, to Alan March 17, 2008.
at Maritz. email@example.com Stephen Zimmerman, MBA ’05, Alessandra Vismara, EMBA- is an investment banking associate is a consulting analyst at Mercer. a daughter, Alexandra. Zemsky, Chicago, April 6, 2008.
St. Louis, is a senior financial analyst Shanghai ’06, Milan, Italy, is general at Deutsche Bank. Michael Buescher, MBA ’04, to
Shana Black, MBA ’05, Warren, MI, at Anheuser-Busch and moved to a manager in the master batch field Ian Lopez, BSBA ’08, Aurora, IL, Karen (Jaffee) Kalan, BSBA ’99, Andrea (Blumberg) Andreasson, Shannon Hayes, St. Louis, May 12,
is a labor relations representative at new house. at Magenta Master Fiber. Jeffrey Kennedy, BSBA ’07, is a category development analyst and Jeremy, Encino, CA, a daughter, MBA ’94, to Per Andréasson, 2007. firstname.lastname@example.org
Daimler Chrysler LLC. email@example.com firstname.lastname@example.org Mountain Lakes, NJ, is pursuing for Colgate-Palmolive. Marissa Danielle. Malmo, Sweden, Sept. 25, 2007.
his master’s degree in elementary email@example.com Katherine Fogertey, BSBA ’04,
Bradley Culberson, PMBA ’05, David Ader, BSBA ’06, San Sean Walter, AB ’98/MBA ’06, education. He would like to become James Stamatis, MBA ’99, and Patrick McNab, MBA ’96, to to wed Warren Gluck, AB ’05, New
Boulder, CO, was promoted to chief Francisco, does online strategy Atlantic City, NJ, was promoted to a middle school math or science David Sanders, MBA ’08, Jean, Thousand Oaks, CA, a son, Soraya, London, 2006. York, December 2008.
technology officer of Peaksware and mergers and acquisitions for manager of business analytics at teacher. firstname.lastname@example.org McKinney, TX, accepted the John (Jack) Healy.
LLC. The company creates software Microsoft. email@example.com Trump Entertainment Resorts. position of senior financial analyst Tim Whittle, BSBA ’96, to Beth Sarah (Jacobs) Hill, BSBA ’04, to
solutions, including TrainingPeaks Shiv Kumar, BSBA ’07, San at Frito-Lay’s headquarters in Jennifer (Graeser) Bierling, Slaughter, May 26, 2007. Shawn Hill, Shelton, CT, Dec. 31,
WKO+ desktop software and the Sarah Baker, BSBA ’06, Rohit Wariyar, MIM ’05/PMBA ’06, Francisco, began work at Google Plano, TX. MBA/MIM ’00, and Eric, Fenton, firstname.lastname@example.org 2007. SarahJacobs@wustl.edu
TrainingPeaks Web application, Arlington, VA, works for the Shanghai, China, is manager-Asia on Nov. 26, 2007. His responsibili- MO, a son, Alexander Christian.
used by professionals in the fitness Corporate Executive Board. for Flexsys, a division of Solutia. He ties include online advertising Nitin Sharma, MBA ’08, Nicole (LeClair) Wartchow, Akhilesh Gupta, MBA ’06,
industry. email@example.com has relocated to Shanghai for three (AdWords) account management St. Louis, moved to Dallas, TX. Susan Sontz-Sable, MBA ’00, BSBA ’97, to Robert Wartchow, Minneapolis, MN 2007.
Robert Cox III, MBA ’06, St. Louis, years and is covering Asia and India. and optimization for higher-speed firstname.lastname@example.org and Jesse, New York, a son, London, June 22, 2007. email@example.com
Patrick Donovan, PMBA ’05, is a member of Peabody Energy’s technology business-to-business Aaron Benjamin. firstname.lastname@example.org email@example.com
London, is the executive director management associate program. Jeremy Williamson, PMBA ’06, and information technology Lizhi Tan, BSBA ’08, Singapore, is a Kate LaBoube, PMBA ’06, St. Louis,
of UBS. firstname.lastname@example.org He is on the procurement team after St. Louis, attends evening law school companies. email@example.com business analyst for McKinsey & Co. Jason Stone, PMBA ’00, and Kelli, Kerry (Soffar) Kaplan, BSBA ’97, April 19, 2008. firstname.lastname@example.org
working in the operations planning at Saint Louis University and works Glendale, MO, a son, Parker Joseph. to Scott Kaplan, March 10, 2007.
Andrew Dunklau, BSBA ’05, Dubai, department for two years. for Boeing. Philip Lewis, BSBA ’07, Atlanta, Simone Yao, BSBA ’08, New York, email@example.com Nikki LaBruyere, MBA ’07, to
United Arab Emirates, recently works for Fulcrum Ventures. is looking for a full-time position Karen Soberg, BSBA ’98, is recently Jose-Paulo Lota Mamuric, MBA ’07,
transferred to Dubai and was Kevin Crimmins, BSBA ’06, Donald Wunsch III, EMBA ’06, in the entertainment industry. John Busbice, MBA ’01, and engaged. firstname.lastname@example.org. Cincinnati, OH, August 18, 2007.
promoted to associate at A.T. St. Louis, works in the Office of Rolla, MO, a professor at the Robert Morrison, PMBA ’07, email@example.com Caroline, Richmond, VA, a
Kearney. firstname.lastname@example.org Undergraduate Admissions at Missouri University of Science St. Louis, is senior scientist-group daughter, Bridget Bondurant. Mitchell Whiteman, BSBA ’98, Lauren (Pohl) Russ, PMBA ’07, to
Washington University. and Technology, was elected a lead for Pfizer Global Research & email@example.com to wed Whitney Berger. Michael Russ, St.Louis, May 24, 2008.
Eugenio Ferrante, MBA/MIM ’05, firstname.lastname@example.org fellow of the International Neural Development. morrison-
Toronto, is a consultant for Bain & Co. Network Society (INNS) and senior email@example.com Births and Ramon Santiago, MBA ’01, and
firstname.lastname@example.org Kristin Doll, PMBA ’06, Hermosa
Beach, CA, is senior marketing
fellow, the leader of the INNS fellows.
He has been active in the society for Ben Pasquier, BSBA/MSF ’07, Renton, Adoptions Maria Manuel-Santiago, MBA ’01,
Edgewater, NJ, a son, Lorenzo Alumni Making a Difference
Lee Garber, BSBA ’05, Philadelphia, manager for the Los Angeles Times. two decades. In recent years, he WA, works for McKinsey & Co. John Withee, BSBA ’87, and Tomas. email@example.com
is an analyst for Versa Capital firstname.lastname@example.org played a significant role in reshaping Michelle, Greenwich, CT, a son,
Management. its annual meeting, increasing mem- Poonnasa Phongpatanakijchote, Aileen Supena Throne, MBA ’01,
James. email@example.com ob Frick, BSCE ’60/MBA ’62, knows
Ryan Heath, PMBA ’06, Waukesha, bership and reorganizing its leader- MBA ’07, St. Louis, is senior and Jason, Oakland, CA, a son,
Jason Holschen, MBA ’05, WI, is a member of the experienced ship structure. He also made auditor-trading for Ameren. John Tanenbaum, JD/MBA ’90, John (Jack) Paul. the importance of affordable homes.
Crystal Lake, IL, is director of commercial leadership program at research contributions in several and Amy, Harrison, NY, a daughter, firstname.lastname@example.org He and his wife, Barbara, owned and
strategic planning and business General Electric. email@example.com areas of the field, particularly in Evan Sharp, BSBA ’07, New York, Rebecca Eve. managed about 1,000 low- to moderate-
development for Knaack LLC, a optical neural networks, approxi- is a financial analyst for Goldman Stephanie (Spannaus) Hebron,
division of Emerson. Jesse Hunter, EMBA ’06, St. Louis, mate dynamic programming, accel- Sachs. He is enjoying life and has BSBA/MSBA ’02, and Al, St. Louis, income units.
Kirstin (Baum) Sumner, BSBA
was promoted to executive vice erating computationally complex begun training for his Chartered ’91/JD ’00, and Scott, Chicago, a son, Andrew Joseph.
Michael Kaul, MSBA ’05, president of corporate development optimization problems, time-series Financial Analyst designation. a son, Graham Hubert. kay- So, when Frick received an invitation to bike 500 miles for the
Minneapolis, is a financial analyst responsible for business development prediction and clustering. firstname.lastname@example.org email@example.com Jaafar Laghmadi, MIM ’01/MBA East Bay, Calif. Habitat for Humanity organization, he responded
for General Mills. opportunities, including mergers and ’02, and Bouchra, Laval, Quebec,
acquisitions, at Centene. Binping (Hunter) Zou, MBA ’06, Vihar Sheth, PMBA ’07, St. Louis, a son, Camil Adam. jlaghma- with a bigger plan — raising funds and awareness by cycling
Jennifer (Gladstone) Peljovich,
Peter Kelleher, PMBA ’05, Dublin, Shenzhen, China, is managing is vice president of US Bancorp BSBA ’92, and Alan, Baltimore, a firstname.lastname@example.org 3,300 miles across the country.
Ireland, moved to Dublin to take Samuel Jacobs, BSBA ’06, Chicago, director at CSI Leasing (Shenzhen). Community Development. daughter, Flynn.
a position as information technology is an associate with AlixPartners LLP. email@example.com Nobuyuki Mori, MBA ’02, Tokyo, a
manager with Pfizer Business Casey Shirk, MBA ’07, Barnhart, daughter. firstname.lastname@example.org
Frick, a 71-year-old prostate cancer survivor who had a double hip
Russ Chrusciel, BSBA ’93, and
Technology. Having grown up in Kelley Johnson, EMBA ’06, is Moshe Barach, BSME/MBA ’07, MO, works in sales/estimating Karna, Geneva, IL, a daughter,
replacement, hopes to raise $71,000 — ($1,000 for every year
Ireland, he is glad to be near his creating a new market category Chicago, is a senior consultant for for Top Care. Lucy Noel. Kim Fishman, PMBA ’03, and of his life).
family. email@example.com called Mobile Internet Devices Navigant Consulting. firstname.lastname@example.org Jonathan, Denver, a daughter,
for Intel. Andrea (Blumberg) Andréasson, Sarah Chaya.
Natalie Lischer, MBA ’05, Pleasant Chad Barnard, MBA ’07, Clive, IA, Margaret Watson, BSBA ’07, San
Frick retired from his position as vice chairman of Bank of
MBA ’94, and Per, Malmö, Sweden,
Hill, IA, is manager, corporate Craig Leabig, PMBA ’06, St. Louis, is corporate development manager Diego, works in sales and marketing a daughter, Filippa Maja Ellinor. Todd Kaye, JD/MBA ’03, and America’s board of directors in 1988. He serves on the boards
finance and investment banking, is a director at Citi. He welcomes his for Meredith Corp. chade- with Cato Research, a contract email@example.com Sarah, St. Louis, a daughter, of institutions such as Charles Schwab Bank and Lucas Cos.
for Renewable Energy Group. second child in September. firstname.lastname@example.org research organization. Charlotte Anne.
Karen (Palmer) Bland, MBA ’94,
and Jeffrey, St. Louis, a daughter,
30 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 31
IN MEMORIAM YOUR CAREER
Harry C. Jung, BSBA Charles C. Felchner, John L. Hayward, BSBA Julia (Boultinghouse)
1920s ’40, St. Louis BSBA ’48, Staunton, IL ’50/JD ’53, St. Louis Backerman, BSBA ’57, 1970s Make Time for Self-Transformation
Philip E. Askey, BSBA ‘28, St. Louis James O. Leathers, MBA
Tedford P. Lewis, BSBA Richard E. Goyer, Jr., William G. Hyland,
’40/MAEd ’46, St. Louis BSBA ’48, St. Louis BSBA ’50/JSD ’87, Robert L. Dunn, BSBA ’58, ’70, Blytheville, AR You know the phrase “There are no problems, only solutions.”
Vienna, VA Belleville, IL Dr. Vasant Shah, MBA
1930s Gerald F. Bailey, BSBA
’41, Herrin, IL
Gordon C. Hamilton,
BSBA ’48, St. Louis David Klearman, BSBA David E. Ober, BSBA ’70, Mumbai, India It can be true if you add self-transformation to your to-do list.
Myrtle L. Pope Ellis, ’50, St. Louis ’59, Fort Worth, TX
BSBA ’30, Sacramento I. Jack Hunstein, BSBA Vernon R. Hoffman, Loren Leroy Lohman,
’41/MA ’46, St. Louis BSBA ’48, St. Louis S. Lee Kling, BSBA ’50, Jeanne Withrow Quaid, MBA ’76, St. Louis n the middle of a hectic workday, Be intentional about your network.
Berenice (Kloske) St. Louis BSBA ’59, Metairie, LA
Wegman, BSBA ’32, Kathryn (Ruester) Ralph J. Layton, Sr., BSBA Jay Michael Ring, BSBA your co-worker asks you to sit in on a Make new contacts, but don’t
Baton Rouge, LA McDowell, BSBA ’41, ’48/MBA ’50, St. Louis William L. Ottenad, Lawrence J. Siegel, ’76, St. Louis meeting for one of her projects. You neglect current ones. “It takes longer
St. Louis BSBA ’50, St. Louis BSBA ’59, St. Louis Robert Lester Mueller, could view the meeting as an interrup- to warm up cold connections,”
Robert J. Adler, BSBA Robert L. Lloyd, AB
Robert J. McDowell, ’40/BSBA ’48, Michael Howard Riley, MBA ’78,
’32/MBA ’33, St. Louis tion — you’re swamped, after all. Or, Heise says.
Gordon E. Graber, BSBA
BSBA ’41, St. Louis San Antonio BSBA ’50, St. Louis 1960s Lewisburg, PA
according to Karen Heise, you could
Donald K. McEachern Harvey J. Oberman, Dr. Robert Henry Craft, Orville C. Young, MBA Kenneth Mark Filcoff,
’33, Columbus, OH
BSBA ’33, St. Louis
Jr., BSBA ’41,
BSBA ’48, St. Louis
Russell C. Lehr, BSBA
Kansas City, MO
’60, Murfreesboro, TN
Lawrence S.L. Ching,
BSBA ’60/ MBA ’61,
BSEE ’77/MBA ’79,
Castle Rock, CO
Mark Sherman O’Brien,
consider it an occasion for self-transfor-
mation, a chance to hear about company
innovations and strategies, be intro-
2 Stay in touch with fellow Olin
Business School alumni (the Class
Notes in this magazine are a good
Robert C. Ausbeck, ’49, St. Louis Burton A. Librach,
Allen V. Seligstein, BSBA ’43, Highlands, NC BSBA/JD ’51, St. Louis Honolulu AB ’77/ MBA ’80, duced to colleagues outside your place to start) and Olin faculty who
BSBA ’35, Theodore R.P. Martin, St. Louis
Norman S. Epstein, BSBA ’49, St. Louis J. Bruce Waldt, BSBA Maido Kari, AB/MBA department, and gain knowledge that have insight into research relevant to
’61, Gaithersburg, MD
Alvin Goldfarb, BSBA
BSBA ’43, Dallas
Robert W. Mecker,
James C. Moloney, JD
’48/BSBA ’49/LLM ’73,
’51, St. Louis
John Dengler, BSBA ’52, Donald Raymond
1990s enhances your professional tool set. your field.
’37/PhD ’99, St. Louis Maj. Stuart Adam
BSBA/MA ’43, St. Louis Barnhart, MO St. Charles, MO Reeves, BSBA ’61/MBA
James B. Redman, BSBA
’37, Olney, IL
John F. Reiner, Jr., BSBA
’43, Jupiter, FL
Walter G. O’Guin, BSBA
’49, St. Louis
Jeremy G. Kurtz, BSBA
’52, Fairmont, MN
’67, Birmingham, AL
Ronald L. Rothman,
BSBA ’63/JD ’66,
Wolfer, BSBA ’93
Tatnall William Warner,
Heise, interim director of Olin’s
Weston Career Center, defines self-
transformation as positioning yourself
3 Keep current with trends in your
industry, as well as important
business issues like leadership,
Delunas, BSBA ’38, George Louis Kehm, Stanley M. Rosen, BSBA Robert L. Baker, BSBA St. Louis PMBA ’94/MIM ’96,
BSBA ’46, St. Louis ’49, Bingham Farms, MI ’53, Sabetha, KS St. Louis to take advantage of opportunities. She innovation and change management.
Lennart N. Thunstrom, says staying in control of your career is
George W. Rahing, Paul H. Young, Jr., BSBA Morris S. Rosenthal, Lester A. Crancer, Jr., MBA ’63, Jan Arthur Holzmann,
BSBA ’38, Chittenden, VT
Donald D. Janes,
’46, St. Louis
Kenneth H. Brune, BSBA
’47, St. Louis
BSBA ’49, St. Louis
Sidney A. Savan, BSBA
’49, St. Louis
BSBA ’53, St. Louis
Albert J. Kern, BSBA ’53,
Osage Beach, MO
Joel J. Barr, MBA ’67,
Lake St. Louis, MO
always important, as we all need to feel
in control of our destiny. 4 Create visibility for yourself
within your organization.
BSBA ’39, Hot Springs Atlanta
National, AR Ruth (Sartorius) Cady, Lawrence A. Wallis, Mary (Foster) Frank G. Pinckert, BSBA Monica (Harris)
“It’s easy to be a feather in the wind It’s easy to be a feather in Using her own career as an example,
Oscar Klevens, BSBA BSBA ’47, Seattle BSBA ’49, St. Louis Wenneker, BSBA ’53, ’67, St. Louis when there’s an updraft from a soaring Heise lists admissions officers, Executive
Espelien, EMBA ’01,
’39, St. Louis John E. Murphy, BSBA Robert S. Wolff, BSBA
Frank M. Cleary, BS Pevely, MO economy,” Heise says. “However, letting the wind when there’s an MBA students and marketing experts as
’47, Kerrville, TX ’49, St. Louis Myles K. Mandell, BSBA ’57/MBA ’68, Kerry D. Heilman, MBA the market determine your career course valuable contacts who “make me better
1940s Walter E. Peters, MBA
’54, Centerville, OH Beverly Hills, MI ’05, Troy, IL — unintentional transformation — rarely
updraft from a soaring at my job by helping me understand the
Richard I. Cavanagh, ’47, Phoenix 1950s Constantine G. Pulos, Steve Fossett, MBA Derek Butler, EMBA-
BSBA ’40, Pittsburgh
Stanley P. Schlesinger, Kenneth A. Baker, BSBA BSBA ’54, St. Louis ’68/DSc ’06, Chicago Shanghai ’07, St. Louis
is an effective approach.” economy. However, letting organization better.” She says the
Rev. Robert W. Gordon, BSBA ’47, St. Louis ’50, St. Louis Paul R. Potthoff, BSBA
self-transformation journey changes at
Robert C. O’Neill, MBA
Irvin Aronoff, BSBA ’48, Robert L. Dunavant, ’55, Naples, FL ’68, Fredericksburg, VA Heise believes most people value self- the market determine your different stages of your career. Early on,
Arlington Heights, IL BSBA ’50, St. Louis transformation but don’t make or have you may be able to adopt a smorgasbord
the time to make it a priority. As a result,
career course — unintentional approach, exploring many areas and
MBA ’68, DSc ’06, 1944 - 2007
A memorial service for adventurer,
drove in the 24 Hours of Le
Mans sports car race and
finished the Ironman
Triathlon® in Hawaii.
Arts & Sciences’ Department of Earth and
Planetary Sciences and was a major supporter
of the Fossett Laboratory for Virtual Planetary
when they do stop to recalibrate, they
don’t know where to start, what’s avail-
able or how to ask for opportunities.
transformation — rarely is an
effective approach. ,, options for advancement.
By midcareer, you tend to specialize
and seek more targeted opportunities.
She suggests making this resolution: Karen Heise If you’re a seasoned employee, Heise
aviator, sailor and businessman Steve
Fossett, MBA ’68, DSc ’06, was held in Fossett earned a bachelor’s “Steve Fossett was an amazing individual,” says “Every quarter, I’m going to do something Interim Director of Olin’s Weston Career Center warns, “It’s risky to have only one skill
May at Graham Chapel on Washington degree in economics from Chancellor Mark Wrighton. “Although he was that enriches my life and career.” set that’s valued by your company. You
University’s Danforth Campus. On Stanford University, as well considered one of the world’s most accom- Possibilities range from the safe and easy, need other abilities to fall back on should
Sept. 3, 2007, Fossett’s light plane as an MBA from Olin plished adventurers, his focus was not strictly like “reading sections of The Wall Street your area of expertise. Schedule time to things change in your department,
vanished while he was flying over the Business School. on breaking records. In addition to having a Journal you used to skip over,” to the review your progress at the end of the organization or industry.”
Nevada desert, and he has since been distinguished business career, he had a genuine uncomfortable and challenging, like quarter, Heise says. Her suggested action
declared legally dead. He was 63. His ties to Washington interest in not only challenging himself — volunteering for an assignment outside plan includes the following:
University were strong. pushing the limits — but also encouraging
Fossett held world records in five He was a member of the others to do the same to make the world a
sports but was best known as the first person University’s Board of Trustees and Olin’s better place.”
OPP Open-Enrollment Executive Education Seminars
to circumnavigate the world solo in a balloon. National Council. Fossett was recognized with
Visit www.olin.wustl.edu/OPP for a complete schedule.
Washington University served as mission con- an Olin Distinguished Alumni Award in 1995 Fossett’s high energy and love of excitement
trol for his historic 2002 flight. Fossett traveled and an honorary Doctor of Science degree extended to his career. A member of the New UPCOMING: October 7, 2008 October 31, 2008 November 20, 2008
20,602 miles, at speeds up to 204 mph and
heights reaching 34,700 feet.
in 2006. York Stock Exchange for 26 years, he founded
and managed Lakota Trading and was president OLIN FINANCE FOR NON-
F I N A N C I A L M A N AG E R S
B U I L D I N G CO M P E T I T I V E
A DVA N TAG E T H R O U G H
He was fascinated by endurance sports.
In 1997, he and his wife, Peggy, established
the Fossett Distinguished Professorship of
of Larkspur Securities. PARTNERS’ October 28, 2008 November 6, 2008
S T R AT E GY
Fossett swam the English Channel, competed Marketing at Olin. In 2006, he also funded an He is survived by his wife (the former Peggy PROGRAM GROWTH ENGINE TA L E N T M A N AG E M E N T December 11, 2008
in Alaska’s famed Iditarod Trail Sled Dog Race®
, undergraduate research fellowship program for Viehland) and a brother and sister.
(OPP) L E A D I N G I N N OVAT I V E
32 OlinBusiness // 2 0 0 8 2 0 0 8 // OlinBusiness 33
Full-time MBA Program
and Professional (Evening)
Creating knowledge…Inspiring individuals…Transforming business. email@example.com
WHO WE ARE Executive MBA-St. Louis
Olin is an institution of leaders: inspiring faculty and exceptional staff…exhilarated, 314.935.9009
brilliant students…and successful, energized alumni. Our mission is to: firstname.lastname@example.org
Create knowledge…Inspire individuals…Transform business. +8621 5566-4788
This is our reason for being. It is unchanging. It has guided our pursuits for generations
Master of Science in
and continually inspires us to assess how we must change to best fulfill our mission in Finance Program
the years ahead. 314.935.8382
In all we do, we are guided by a small set of timeless core values: Master of Accounting Program
• Free, open and disciplined intellectual inquiry — We are rigorous, boundless and unrestricted 314.935.9542
in our passion for creating new knowledge. email@example.com
• The transformative power of learning — We are all lifelong learners who want to grow and
develop continually. Everyone is a teacher and a learner.
• Community and collaboration — We are straightforward, welcoming, supportive people. Our Executive Programs
interactions are the source of new insights, trust and a deep sense of belonging. (Nondegree)
• Integrity and responsibility — We are fair and ethical in all we do. Taking the right way, as opposed to firstname.lastname@example.org
the easy way, is a fundamental responsibility that goes with our privilege of being a business school
and its impact on society. Weston Career Center
• World-class quality and results — We deliver excellence, always. email@example.com
We want to hear from you about our alumni magazine. Please e-mail your comments to us at firstname.lastname@example.org.
OlinBusiness Magazine NON PROFIT ORG.
Campus Box 1162 US POSTAGE
One Brookings Drive PAID
St. Louis, MO 63130-4899 ST. LOUIS, MO
PERMIT NO. 2535