Wharton  - University of Pennsylvania
The Newsletter of the Wharton Alumni Community October 2009
  Dear Alumnus/a,

With an unparalleled alumni network of more than 85,000 graduates in 140 countries, Wharton has the potential to play an important role in the creation of a more peaceful and prosperous world.  This potential is reflected in the School’s broad global engagement and three international Executive Boards.  It is thus my great honor to accept Dean Robertson’s invitation to serve as chair of Wharton’s Executive Board for Asia. 

Now is the ideal time for the Wharton School and the countries of Asia to build upon an already strong relationship.  Asia’s top students are applying to the School in increasing numbers, and the region is home to the world’s fastest-growing concentration of Wharton alumni.  My new role as chair provides a wonderful opportunity to more formally garner the resources of the Board in support of Wharton’s strategic goals and initiatives. 

In the months ahead, the Asian Executive Board will identify and recruit new potential members, qualified women in particular, and construct a mission statement positioning the expertise and connections of our members for maximum benefit to the Wharton community.  We will take a more proactive role in working with the School to identify job opportunities—both summer internships and full-time employment—in which Wharton students and alumni can leverage their unique skills to create real economic and social value, and we will work with Wharton’s Aresty Institute to expand the reach of the School’s Executive Education programs to key business and civic leaders in the region.  Finally, we will undertake a widespread campaign to ensure that stakeholders throughout Asia are well-informed about the Wharton School and the unparalleled talent within the Wharton community. 

To that end, we look forward to working with many of you as business or travel takes you throughout the region.  Until then, please know that the my fellow Board members and I are committed to helping the School continue in its tradition of excellence, and to serving the Wharton alumni community—throughout Asia and around the globe.

Sincerely,

Chanthol Sun, AMP'97, PAR'09, PAR'12
Chair, Executive Board for Asia
Senior Minister and Vice Chairman, Council for the Development of Cambodia
Government of the Kingdom of Cambodia

  Chanthol Sun
Chanthol Sun,
AMP'97, PAR'09, PAR'12

Chair, Executive Board for Asia
Senior Minister and Vice Chairman,
Council for the Development of Cambodia
Government of the Kingdom of Cambodia

  CAMPAIGN UPDATE
  Campaign for
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Learn about Wharton's $550 million campaign and the many opportunities to get involved.
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  Career Services Update

MBA

MBA Career Management and Wharton alumni from around the world partnered to create several job generation initiatives to support students and alumni during this challenging job market. The 2008-2009 job generation initiatives included:
  • Alumni Who Care program (over 25 unpaid internships generated)
  • $200K Wharton School-sponsored internship program (over 110 students applied)
  • Short Term Project Initiative (over 70 projects generated)
  • Wharton New York City career fair (55 student and alumni attendees and 13 companies)
  • Increased interactive alumni sessions (6 virtual alumni panels and 9 Alumni-in-Residence sessions, with 845 student attendees across all programs)

On behalf of the Wharton School, MBA Career Management would like to thank the more than 250 alumni who participated in these initiatives and recruited Wharton MBA talent. For information on the firms who participated in these programs, please visit our Employer Appreciation Website.

In addition to these initiatives, Dean Tom Robertson approved the hiring of three additional full-time MBA Career Management staff:
  • Senior Associate Director, Global Careers: Provide a strategic review of the resources offered to students considering global careers
  • Associate Director, Employer Services: Expand our employer hiring programs
  • Senior Associate Director, Alumni Services: Enhance our MBA alumni resources

As a direct result of these new roles, MBA Career Management has increased programming and representation at Wharton's Global Alumni Forums, launched a new Global Briefings series, developed several new career programs addressing the recession, initiated five new job generation programs, implemented an online alumni advising scheduling system, developed three new alumni career webinars, added new online alumni resources such as the WetFeet Industry Guides, and enhanced our external career coach program.

Supporting Wharton students and alumni during this critical time is one of the School's highest priorities. If you find yourself in a job search please visit the MBA Alumni Career Services website to review resources available for MBA alumni. If you or your company have an MBA hiring need, remember to recruit at Wharton. Information on connecting with Wharton student or alumni talent is available on the MBA Career Management Employer Website.

Undergraduate

While the 2008-2009 academic year proved to be a challenging one for graduating seniors, Wharton undergraduates fared relatively well in their job searches, with over 90% of the class finalizing their post-graduate plans by August 2009.

Career Services provided an array of services to support students during this time, including coordinating a variety of on- and off-campus career fairs (in various locations and industries), managing an extensive on-campus recruiting program, and conducting outreach to employers to generate additional job and internship leads for our students. We also offered a range of new workshops to help students diversify their job search methods including a "Finding and Applying for Jobs in a Tough Economy" workshop and several programs focused on using social networking to further career goals.

Career Services continues to offer programs to encourage students to think broadly about their career options. One such program is the Externship Program, in which students have the opportunity to shadow an alumnus/a (or an employer) to experience a "day in the life" in a field of interest to them. Externships run in early January and late May so students can participate when they are home for breaks. We are always looking for more alumni to serve as hosts, and would like to thank those alumni who hosted students last year. We also sponsor a Career Discovery Seminar each semester to help students consider career options that align with their skills, interests, and values.

For the current academic year, Career Services received a grant from the Partnership for Public Service to promote opportunities within the federal government. The grant allows us to bring speakers, including Wharton alumni working in government roles, to campus and offer workshops about the many career paths available within the federal government.

As in the past, the Career Services office continues to serve undergraduate alumni who are in the midst of a career transition. A complete list of services for Wharton undergraduate alumni can be found on our website: www.vpul.upenn.edu/careerservices/wharton/alumni.html. The website also outlines ways in which you can post jobs or internships with your organization, become involved as an Externship host, or join PACNet, the Penn Alumni Career Network.

 
  SCHOOL NEWS
    Google/Wharton Launch YouTube Channel
Google and the SEI Center's Future of Advertising Project launched the YouTube Fast.Forward. channel, which features over 100 videos of thought leaders who examine the implications of recent innovations for marketers and consumers.
Visit Fast.Forward.
 
    K@W Features Video Coverage of John Thain Leadership Lecture
John Thain, former CEO of Merrill Lynch, offered his opinions as to what caused the financial crisis, what can be done to prevent it from happening again, and when it will be over -- not just for the financial industry but also for Main Street.
Read K@W coverage.
 
      WIMI to Collaborate with ESPN on Media Analysis and Measurement
The Wharton Interactive Media Initiative team will help ESPN understand the "convergent usage" of TV and Internet and help ESPN divide up its energy between TV, radio, Web, and mobile platforms in a sensible way.
Read news release.
 
    Aspen Institute Names Tom Donaldson 2009 Faculty Pioneer for Lifetime Achievement
Dubbed the "Oscars of the business school world" by The Financial Times, the Aspen award recognizes Mark O. Winkelman Professor Tom Donaldson's leadership and risk-taking in integrating ethical, environmental and social issues into the MBA curriculum.
Read news release.
 
    Elizabeth Ellery Bailey Named Recipient of the 2009 Carolyn Shaw Bell Award
Elizabeth Bailey, Wharton's John C. Hower Professor of Business and Public Policy, is the 2009 recipient of the Carolyn Shaw Bell Award, given annually by the American Economics Association's Committee on the Status of Women in the Economics Profession to an individual who has furthered the status of women in the profession.
Read news release.
 
      Givology Receives Kudos from Pulitzer Prize Winning Authors
Givology, co-founded by Wharton/Huntsman program students, was recently mentioned by Pulitzer Prize-winning authors, Nicholas Kristof and Sheryl WuDunn, in their latest book, Half the Sky.
Learn more about Givology.
 
    Wharton Interactive Media Initiative Conference
More than 100 executives joined the Wharton Interactive Media Initiative (WIMI) and its Corporate Partner, Office Arrow, LLC, founded by Mike Lewis, W'74, for the "Lift: B2B Social Commerce Summit" Sept. 15-16 in Atlanta. The Lift Summit was created to help bring clarity to businesses examining emerging technologies and to deliver actionable business solutions relevant to the social commerce and social media phenomena. WIMI Co-Director and K.P. Chao Professor Eric T. Bradlow's conference presentation on "Paradoxes of Social Media" has already become a viral sensation. Said WIMI Managing Director, Steve Ennen, "With the help of Mike Lewis and Office Arrow, we've been able to take a strong leadership position and deliver knowledge that is vital for companies doing business in today's multi-platform environment." Office Arrow is one of seven Corporate Partners working with the Wharton Interactive Media Initiative. For more information on WIMI, www.whartoninteractive.com. For more on Office Arrow, www.officearrow.com.
 
      MBA Admissions & Financial Aid Update
  • Class of 2012 Admissions Cycle Underway: The application cycle for the Class of 2012 is underway with the Round 1 application deadline on Thursday, October 1. We welcome alumni to provide recommendations for candidates about whom you feel strongly. Please click here to submit a recommendation. You can log in using your WhartonConnect account information.
  • Admissions Receptions around the Globe: Wharton MBA Admissions cordially invites alumni to attend our Admissions Receptions around the world. Admissions Receptions are not only a chance for prospective applicants to learn more about the program, but also a valuable opportunity to hear from alumni such as yourself about your experiences in the program and the impact of the Wharton MBA in your life beyond. In addition, they are a great way to stay connected to other alumni in your part of the world. During the month of October we will be in cities throughout Europe, Asia and North America. For more information and to sign up to attend please visit AdmissionsConnect.
 

  ALUMNI NEWS
    The Road to Recovery: Investing in the Global Real Estate Rebound
Knowledge@Wharton, in partnership with InterConnect Events, invites you to attend its Second Annual Real Estate Forum, titled "The Road to Recovery: Investing in the Global Real Estate Rebound," on Friday, December 11, 2009, at the New York Stock Exchange. The Forum, which promises to build on the successes of last year's event, will bring together real estate investors and developers from around the world to exchange ideas on the most pressing issues facing real estate in global markets today. Sessions will be offered on investing in distressed property, emerging sources of funding, and niche opportunities in housing and commercial markets, among other topics. Join Gerardo de Nicolás, CEO of Homex in Mexico, together with Garry Garrabrant, CEO of Equity International in USA, and Sam Zell, Chairman of Equity Group Investments in USA, among other featured speakers. For details please visit: knowledge.wharton.upenn.edu/weblink/563.cfm
 

  New Executive Education Program
Looking to have a more productive discussion with your wealth management professional? Wharton Executive Education introduces Managing Your Wealth, a 3-day program designed to help you make sound choices. Alumni welcome. Seating is limited.
 
  Alumni Down Under
Samuel A. Blank Professor of Legal Studies and Business Ethics Janice Bellace , pictured, with Peter McGuire, WAM'04, joined a group of Wharton alumni for lunch at Sydney's Botanic Gardens in Australia on August 31.
 
  ALUMNI MEDIA MENTIONS

  The Wall Street Journal interviewed Robert T. Martin, WG'80, managing director and head of Asia for Bank of Montreal. (Oct 4, 2009) Read story.

The New York Times featured Beth Kaplan, W'80, WG'81, president of GNC Pittsburgh, about her leadership journey. (Sep 19, 2009) Read more.

CSPAN Gary Gensler, W'78, WG'79, chairman of the U.S. Commodity Futures Trading Commission, offers commentary on what the economic crisis has taught us about regulation of the financial markets. (Sep 14, 2009) See interview.

See all alumni news and events.  

 

  IN THE NEWS
  The New York Times (Oct 9, 2009) "Ordinary bureaucratic process may not always be the right approach, at least in a crisis," says Professor David Zaring in an online roundtable on the financial crisis. Read story.

Forbes Woman (Oct 8 2009) Thomas Gerrity Professor Richard Shell offers tips on successful negotiation, noting that the best hagglers are "tactful yet persistent." Read story.

The Wall Street Journal (Oct 8, 2009) In an article about the market's increased focus on the short term, Miller Anderson & Sherrerd Professor of Finance Robert Stambaugh notes that, "a lot of high-frequency trading is basically competing for liquidity provision." Read story.
See all news items.


 
  KNOWLEDGE@WHARTON
    Five Questions: What's New with Net Neutrality and India's Mobile Markets?

Federal Communications Commission chairman Julius Genachowski in late September outlined principles of net neutrality to promote more open use of the Internet. What will these developments mean for business in the U.S. and other parts of the world? In a new interview format called Five Questions, Rajesh Jain, CEO of India-based Netcore, asks Wharton legal studies and business ethics professor Kevin Werbach about net neutrality. In the second part of the interview, roles are reversed and Werbach poses five questions to Jain about opportunities in the Indian mobile market, which is going through explosive growth. Read more.

 

For more, visit Knowledge@Wharton Wharton's online source for business news and analysis.  

  WHARTON SCHOOL PUBLISHING
    Recent Release

C.K. Prahalad's The Fortune at the Bottom of the Pyramid showed companies how they could reignite profits and growth by serving the world's five billion poorest people. Now, he has updated his book to reflect the lessons of the past five years: business-building strategies, techniques, and innovations proven to work in emerging markets.

Read a sample: The Market at the Bottom of the Pyramid
Buy now: Hardcover, eBook, Safari Books Online
Read the press release: Finding New Fortune at the Bottom of the Pyramid
For more recent releases, visit Wharton School Publishing.

 


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IN THIS ISSUE
Arrow  From The Board  
Arrow  Campaign Update  
Arrow  School News  
Arrow  Alumni News  
Arrow  Wharton in the News  
Arrow  Knowledge@Wharton  
Arrow  Wharton School Publishing  
Arrow  Wharton Global Alumni
 Forums
 
Arrow  Wharton Executive  Education  
  Event Highlights

Wharton Energy Network Annual Reception and Conference
October 29-30, 2009
Philadelphia, PA

MBA Admissions Presentation for Prospective Students
October 29, 2009
Beirut, Lebanon

Professor N. Bulent Gultekin on The Financial Crisis and its Aftermath" and MBA Admissions Presentation for Prospective Students
November 2, 2009
Abu Dhabi, UAE

Professor N. Bulent Gultekin on The Financial Crisis and its Aftermath" and MBA Admissions Presentation for Prospective Students
November 3, 2009
Kuwait City, Kuwait

Professor N. Bulent Gultekin on The Financial Crisis and its Aftermath" and MBA Admissions Presentation for Prospective Students
November 4, 2009
Dubai, UAE

Network Marketing – Fact vs. Fiction: The Realities of Social Contagion
November 5, 2009
Boulder, CO

MBA Admissions Presentation for Prospective Students
November 8, 2009
Riyadh, Saudi Arabia

MBA Admissions Presentation for Prospective Students
November 10, 2009
Jeddah, Saudi Arabia

Wharton SoCal Executive Dinner Speaker Series: Spencer Sherman
November 10, 2009
Los Angeles, CA

Trends and Ideas on the Emerging Workforce and the Keys to Productivity in the New Economy
November 18, 2009
Ft. Lauderdale, FL

View All Event Calendars

 

About the Wharton School
The Wharton School of the University of Pennsylvania–founded in 1881 as the first collegiate business school–is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. The most comprehensive source of business knowledge in the world, Wharton bridges research and practice through its broad engagement with the global business community. The School has more than 4,700 undergraduate, MBA, executive MBA, and doctoral students; more than 12,000 annual participants in executive education programs; and an alumni network of more than 84,000 graduates