Wharton Alumni Magazine
Summer 2005
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Always Changing, Always Wharton

A Welcome From Alumni

Cultural Fluency for Global Lives

Moral Hazards and Fatal Flaws

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Wharton Now

Knowledge@Wharton

Next Up at Wharton School Publishing

Alumni Association Update

Leadership Spotlight

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Henry Gartner W'25

Henry Gartner

Few alumni can appreciate Wharton's history like 101-year-old Henry Gartner, who was in town for his 80th reunion. "I'd say the campus has changed about as much as automobiles have changed since the invention of the original model T," he said. Gartner, who hails originally from Newark, NJ, came to Wharton for undergraduate study in the 1920s because he was looking for an accounting background. "At that time, the school was very well known for its accounting department," he said.

Gartner put himself through school by working—most often at a local A&P supermarket—and his after-school jobs cut a considerable chunk out of his study time. "I took classes until 3 p.m. and I worked until 10 p.m. I basically ate on five dollars a week. Then, in the summer, when the other supermarket managers went on vacation, I would take their place."

Yet Gartner has vivid memories of his academic experience, particularly attending lectures in the school auditorium. "My favorite classes were Professor Young's class on the constitution and another on the insurance of stock markets. Those are the two I seem to carry with me through the years." Gartner parlayed his scholastic interests into a successful entrepreneurial career. He met his future wife while at Wharton, and after graduation they moved to Atlantic City where he got a job in an accounting firm. In the 1940s, he founded the Garwood department store, one of the first of its kind in the region. Later, he started an early predecessor of today's dollar stores in a trolley-car storage shed. He eventually expanded the Discount Shopping Center to four locations in South Jersey.

An active member of the local Jewish community, Gartner founded a synagogue and country club and served as president of both organizations. He also served as president of the local merchants' association before retiring more than 30 years ago. Today he has two children, six grandchildren and 12 great- grandchildren. (One is currently considering applying to Penn.) At home in Boynton Beach, FL, Gartner still enjoys playing golf four or five times a week.

Before the 2005 Alumni Weekend, Gartner had last been on campus for his 75th reunion, when, he recalled, it literally rained on the parade. This year was different story. Leading the Old Guard in Saturday afternoon's Parade of Classes, the sun was shining and Gartner was enthusiastic to be back at Wharton. "I never expected to attend my 80th reunion," he said. "It's absolutely overwhelming, but I'm thrilled."

Catherine Bonnier Grossman WG'80

Grossman WG'80 Catherine Bonnier Grossman began the MBA program in 1978 after completing an undergraduate degree in economics at the Sorbonne in Paris. While Wharton has been international from the very beginning—the first four-person graduating class in 1884 included a student who became a member of the Japanese Diet and another who became U.S. ambassador to Brazil—Grossman was one of the first French women to attend Wharton. At the time, fewer women and international students attended U.S. business schools, but Wharton attracted more than its share.

"When I came to Wharton there were not many students from around the globe, though at the time it seemed incredibly diverse," she said. She recalled that one November she woke up to discover the campus was largely empty, save for a handful of other international students who did not know about the American holiday Thanksgiving.

While at Wharton, Grossman, now a vice president in the Capital Advisory Group at JP Morgan in New York, first discovered her passion for international business. "I was fascinated by my Comparative Management class. We had a fabulous Italian professor who introduced us to different management practices and cultural differences in countries around the world. It was so interesting that I toyed with the idea of pursuing a PhD on the topic," she said. Later, in a finance class, Grossman wrote a term paper on French banks' strategies in the United States. While interviewing executives in New York, Grossman recalled that she got to sample lunch at the city's best restaurants. "I thought, if this was banking, I definitely wanted to make a career of it."

As a student, Grossman taught herself Spanish and joined the Wharton Latin American Association (WHALASA). The region has since become the focus of her entire banking career.

Grossman was in Philadelphia earlier this year with her son Jared, a junior in high school who is considering applying to Penn. A tour through Jon M. Huntsman Hall revealed just how far Wharton's learning facilities have evolved. "There is an incredible amount of advanced technology at the students' fingertips. When I visited the campus with my son we were impressed with the group study rooms where students can use the smart boards and download the information on their personal computers—it's a great way to facilitate the sharing of ideas," she said. "I still remember the huge computer in Vance Hall to which we used to feed punch cards. I typed my term papers on a mechanical typing machine with carbon paper—the electric ones were still pricey at that time."

She also noted how the environment for international students has changed since the 1970s. "With the Lauder Institute, there is even more of an international presence at Wharton, and students there are actually obligated to spend two months abroad, which is something they did not do often when I was a student."

Grossman began celebrating her reunion at the WHALASA-sponsored mixer at World Café Live on May 13th. Over the weekend she met up with some international classmates she had not seen since graduation: Isabel Alvarez, Carlos Zaldivar and Jean Jacques Bienaime. Twenty-five years later, she is glad she toughed out that first lonely November holiday. "Wharton took me from a provincial French view of the world to a new international level of thinking that I would never have gotten otherwise."

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