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The Newsletter of the Wharton Alumni Community
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June 2009
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Dear Wharton Alumnus/a,
While we all face challenges in these economic times, Wharton sees important
opportunities as well. As the world’s premier business school, Wharton has a
powerful role to play in reshaping business education and serving as a force
for global good. As members of Wharton’s alumni community, we too play a
powerful role. Between now and the close of the School’s fiscal year on June
30, alumni have the important opportunity to demonstrate our belief in the
value of Wharton’s mission.
Donating to The Wharton Fund—the School’s fund for annual giving—is an
immediate way in which to make an impact on Wharton. The Fund provides critical
unrestricted resources that support virtually every area across the School. Even
more importantly, a high degree of participation by alumni in the annual giving
program speaks to the value of a Wharton education. Our current participation
rate by alumni in the Fund is far below that of our peer institutions, and not in
keeping with a school of Wharton’s caliber. In my view, this low participation
level by alumni reflects neither the extraordinary value of a Wharton education,
nor the great pride that so many of us take in our Wharton degree.
As alumni, we are the strongest ambassadors of the Wharton brand. The very act
of our participation is a powerful one. A firm commitment to The Wharton Fund
from a significant percentage of alumni would send a strong message to the world
that we believe in our alma mater and that it is worthy of our support. I urge
you to visit: www.wharton.upenn.edu/giving.html,
and support The Wharton Fund and the Wharton School today.
Sincerely,
Robert M. Levy, WG’74
Chair, The Campaign for Wharton
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CAMPAIGN UPDATE
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Campaign for Wharton
Learn about Wharton's $550 million campaign and the many opportunities to get involved.
Learn and support
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Global Alumni Forum: Beijing
Wharton’s final Global Alumni Forum of 2009, held June 12-13, kicked off with a press
conference in Beijing. Dean Tom Robertson, Nippon Life Professor of Finance and
Economics Franklin Allen,
and other members of Wharton’s faculty spoke with reporters about China’s response to
the financial crisis and the School’s ongoing relationship with China.
Read article.
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New Executive Board Members
Luis Andrade, WG’86, and Jaime Peisach, W’88, have been
named to Wharton’s Executive Board for Latin America. Andrade currently leads the Latin
American Financial Sector Practice of McKinsey & Co., and has been a director of the firm
since 1999. Peisach is president of Passion Growers, a leader in the production of ultra-premium
Colombian roses.
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Connie Duckworth Receives Distinguished Service Award
Dean Tom Robertson presented Connie Duckworth, WG’79, with the Alumni Award
for Distinguished Service at a luncheon during Wharton Reunion Weekend. Duckworth, who serves
as a Wharton Overseer and was co-chair of her reunion class, was recognized for her outstanding
professional leadership and extraordinary dedication to the School. The first female sales and
trading partner at Goldman Sachs, Duckworth is today the founding president of Arzu, Inc., a
not-for-profit that aims to provide sustainable income to Afghan women by sourcing and selling
the carpets they weave.
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Whartonites in Washington
With a new federal administration, Washington has seen a flurry of new appointments
to key positions. A number of these new appointees have Wharton ties.
Learn more.
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13th Annual Leadership Conference: Leading in a Dynamic
and Unpredictable World
The annual Wharton Leadership Conference was held in Philadelphia on June 16. This annual event is a popular and
beneficial gathering for business leaders. Focused on leading in a period of higher risks and
greater stakes, this year’s conference featured speakers including Beth A. Brooke, Global Vice
Chair of Ernst and Young; Peter Guber, Chairman and CEO of Mandalay Entertainment Group; Ellen J.
Kullman, President and CEO of DuPont; Harbir Singh, Vice Dean for Global Initiatives at the Wharton
School; and many more. For more information please visit:
http://leadershipconference.wharton.upenn.edu/
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Uribe Awarded Wharton Dean’s Medal
Alvaro Uribe Vélez, President of the Republic of Colombia, was awarded the Dean’s Medal on
May 21, 2009, at the Wharton Global Alumni Forum in Bogotá. The Wharton School’s highest
honor, the Dean’s Medal recognizes international leaders who are dedicated to the enlargement
of the global economy and the improvement of people’s lives worldwide.
Read the news release.
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Reunion Weekend 2009
More than 1400 alumni and guests returned to campus for a record-setting Wharton Reunion
Weekend 2009. Reunion classes enjoyed presentations and panel discussions by the School’s
world-class faculty and accomplished alumni; family-friendly activities and celebratory events;
and the chance to reconnect with classmates and professors. Mark your calendars for Reunion
Weekend 2010, scheduled for May 14-16.
Learn more.
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Global Alumni Forum: Bogota
More than 300 alumni and friends gathered in Bogotá, Colombia, May 21-22 for Wharton’s Global
Alumni Forum. With panel discussions, master classes and keynotes centered on the theme,
“Latin America: Crossroads for Change,” the Forum presented a valuable learning and networking
opportunity for members of the Wharton community interested in this important and dynamic region.
Learn more.
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Alumnus Named Ernst & Young’s Entrepreneur of the Year
Brett Hurt, WG’99, founder and CEO of Bazaarvoice, was named
Ernst & Young Entrepreneur of the year for Central Texas (including Austin).
The awards program "recognizes entrepreneurs who demonstrate extraordinary success
in the areas of innovation, financial performance, and personal commitment to their
businesses and communities."
Learn more.
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Kashkari Visits Wharton│San Francisco
Neel Kashkari, WG’02, former head of the Treasury department’s
Troubled Asset Relief Program, presented an at-capacity audience with his insider’s
view of the financial crisis, Washington’s response, and the road ahead.
Learn more.
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Alumni in the News
The Washington Post features Dan Tangherlini, WG’01, a
Washington, D.C. city administrator nominated by President Obama to be assistant U.S.
treasury secretary. (May 16, 2009)
Read story.
The Wall Street Journal quotes Sachin Pilot, WG’01, a
member of Parliament in India, in an article about economic reform in the country.
(May 18, 2009)
Read story.
The Jakarta Post (Indonesia) profiles Boediono, GrW’79,
vice presidential candidate in Indonesia. (May 20, 2009)
Read story.
Marketing Magazine (UK) interviews Olivia Streatfeild, WG’04,
about her role as marketing director at TalkTalk. (May 20, 2009)
Read story.
See all alumni news and events.
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In the News
Reuters China (June 5, 2009) In response to weak May retail figures,
Prof. Stephen Hoch notes that high-end
retailers should be concerned about “how to break the habit” of consumers shopping at lower-priced chains.
Read story.
Kiplinger.com (June 3, 2009)
Prof. Alex Edmans, co-author of the working
paper “Dynamic Incentive Accounts,” discusses executive compensation reform.
Read story.
NPR (June 2, 2009) In an in-depth interview,
Prof. Jeremy Siegel, says that he
is “virtually sure it’s not going to be a long wait” for the market to bounce back.
Read story.
New York Times Online (May 22, 2009) Wharton’s MBA Commencement
speaker, Nobel Peace Prize winner Muhammad Yunus, is mentioned in
an article featuring advice from business school commencements.
Read story.
See all news items.
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Knowledge@Wharton
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Carbon Cutting with Cap and Trade: A "Step in the Right Direction,
but ... Far From Ideal"
In the war on carbon dioxide, the chief culprit in global warming, taxes are out and “cap and
trade” is in, as key legislation moves forward in the U.S. Congress. Will the watered-down
proposal work? Most experts believe it could . . .
Read more.
For more, visit Knowledge@Wharton,
Wharton's online source for business news and analysis.
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Wharton School Publishing
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Recent Release
Inside the Mind of the Shopper: The Science of Retailing
By Herb Sorensen
Today, improving the effectiveness of the retail experience is no longer an option:
It’s a matter of survival—and nobody knows more about doing that than Herb Sorensen.
That’s because Sorensen understands your customer’s in-store behavior better than anyone
else on earth.
Now, drawing on microscopic analysis of millions of shopping trips, Sorensen reveals
exactly what your customers are thinking, why they behave as they do, and how to reshape
stores to deliver truly remarkable results.
You’ll discover how to drive more profit from the “quick trip”...the three “moments of
truth” in every shopping event...customer “migration patterns” within the store...and how
to use “active retailing” to place products precisely where they’ll do best.
For more recent releases, visit
Wharton School Publishing.
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Wharton Executive Education
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