I am pleased to invite you to join us at three of the finest alumni gatherings in the world, the 2005 Wharton Global Alumni Forums.

The Forums capture the essence of the Wharton School -- we are a global community. All three Alumni Forums, this year in Singapore, London, and Santiago, are open to Wharton alumni, faculty, and students.

The first of these events, held in Singapore May 26-28, is being chaired by Charles Tseng WG'79, and will feature keynote speakers Goh Chok Tong, Senior Minister of the Republic of Singapore and Masamoto Yashiro, Chairman & CEO of Shinsei Bank, Ltd. A special feature of the Singapore Forum will be an optional tourism extension to Siem Reap, Cambodia under the patronage of Chanthol Sun, AMP'97, Minister of Public Works.

The second will be held in London June 9-12. Chaired by Sir Paul Judge WG'73, the Forum will feature Lord James Blyth of Rowington, Chairman of Diageo, PLC as a keynote speaker.

The final Forum takes place in Santiago June 30-July 1. Chaired by Claudio Engel WG'83, the Forum will feature keynote speakers Ricardo Lagos Escobar, President of the Republic of Chile, Vittorio Corbo, Chairman of the Central Bank of Chile, and Roberto Canessa, a Uruguayan survivor of the 1972 Andes Flight Disaster.

For more information, visit: Global Alumni Forums.

Steven Oliveira

Register for Reunion now.
Wharton alumni from classes ending with a "0" or "5" are celebrating reunions May 13 - 15, 2005. Visit the reunion website for online registration, the weekend schedule, hotel, and childcare information. Don't forget to update your profile, post a class note, and reconnect with friends using the online tools on WAVE to prepare for a wonderful reunion.

Wharton undergraduate alumni from the classes ending with "0" or "5" can visit Penn's alumni website for more information on these reunions. Visit the class-specific websites for details on parties, picnics, and faculty panel discussions. Come back to campus - get back in touch with old friends from your class.

Alumnus Thomas Caleel Named Director of Wharton School MBA Admissions and Financial Aid
Following an extensive search, alumnus Thomas Caleel was appointed director of MBA Admissions and Financial Aid at the Wharton School. Caleel previously worked at Cagan McAfee Capital Partners, a private equity firm in California’s Silicon Valley, where he performed financial analysis for portfolio companies and raised public and private funds across the energy, recycling, and life sciences sectors.

"As a successful entrepreneur, venture financier, and chief executive, Thomas Caleel’s professional experience has been wide ranging and internationally diverse," said Anjani Jain, vice dean of the Wharton School’s MBA Division. "As an alumnus, he now returns to Wharton with great enthusiasm for the opportunity to help shape the School’s future".
Read full report

Wharton Establishes a Sports Business Initiative
The Wharton School has announced the establishment of the Wharton Sports Business Initiative (WSBI). From internships to executive education, this initiative will serve as the center for all sports business-related activities associated with the Wharton School. The initiative will form a partnership among business leaders, faculty, and students to generate and disseminate knowledge about the sports industry through educational programs, strategic corporate partnerships, student consulting assignments, global forums, and research.
Read the news release.

For more information, visit the Wharton Sports Business Initiative Website.

Knowledge@Wharton Announces Launch of Chinese Version
Knowledge@Wharton, Wharton's online research and business analysis journal, launched a free Chinese version of its website called China Knowledge@Wharton. The new site, which is published in Chinese, enables Knowledge@Wharton to reach management leaders in Chinese-reading populations worldwide.
Read full report

Prof. Jeremy Siegel Authors The Future for Investors
Finance professor Jeremy Siegel's newest book, The Future for Investors, reveals new strategies to take advantage of the dramatic changes and opportunities that will appear in world markets in the future. Siegel has taken an in-depth look at stock market history and at the stocks that can help investors build long-term wealth. His surprising finding: new technologies, expanding industries, and fast-growing countries often lead to poor returns. Read full report.

Wharton School Publishing Continues to Grow
With 15 books now available and 6 more to come in the coming months, Wharton School Publishing continues to extend the Wharton brand and attract major media attention. A comprehensive list of press coverage can be found at the WSP site under Media Reviews.

Jon Huntsman Book to be Released
Wharton School Publishing will soon publish a book by alumnus Jon M. Huntsman, W'59, titled Winners Never Cheat: Everyday Values We Learned as Children (But May Have Forgotten). The book, which will be released in April with a forward by Larry King, argues that business success can go hand-in-hand with honesty, integrity, and high moral values. Huntsman advises readers to act on what they know is right - and to build teams with the same courage. He addresses how to listen to your moral compass, build teams with the highest values, share your successes, and reap the rewards of giving back

Ninth Annual Wharton East Leadership Conference
The Wharton School presents "Leading with Creativity and Conviction", two high-level sessions on distinctive approaches to what current and future leaders need to meet the challenges ahead. This conference will be held in Philadelphia on June 9, 2005.

Companies are vitally dependent on the quality of their current leadership, and their future is equally dependent on the quality of the next generation of leadership. What qualities and capacities will rising managers require to be successful in your organization? How can current leaders identify and nurture the right talent in their ranks to bring a distinctive approach to the challenges ahead?

Sponsored by the Wharton Center for Human Resources, Wharton Center for Leadership and Change Management, and Wharton Executive Education, the 2005 Wharton Leadership Conferences are devoted to exchanging ideas on how great leadership can best be developed and applied - whether in the private, public, or nonprofit sectors

For more information, including a list of conference presenters, please visit the conference web page.

World Business Forum New York
Wharton is the academic sponsor of The World Business Forum, a symposium featuring nine eminent leaders and thinkers speaking on topics of importance to the business community. Attendees gain critical insights into the United States´ position in the world, global financial markets, strategy, management, and leadership. The World Business Forum combines a learning experience with outstanding opportunities for networking and interacting - all at the magnificently restored Radio City Music Hall in New York City. Key presenters include Colin Powell, Richard Branson, CK Prahalad, Rudolph Giuliani, Tom Peters, Terry Semel and Andrea Jung.

Wharton Alumni are offered a special price of $1300 (vs. full price of $2400).
Call 1.866.711.4476 to register.
For more information to: www.wbfny.com.

As a graduate of the Wharton School , you have already experienced the benefits of a Wharton education. We are hoping you might find it valuable to continue your professional development as a participant in a Wharton Executive Education program. We invite you to take advantage of our executive programs in leadership, strategy, marketing, finance and senior management. In addition, we would appreciate your assistance in identifying high potential managers and employees within your company who might be interested in discussing how Wharton Executive Education can assist in the development and training of your high potentials.

As part of our commitment to lifelong learning, we are pleased to offer a 25% tuition benefit to Wharton alumni for any of our two-to-five day open enrollment programs. Contact Ms. Antoinette Yancy, Associate Director, at 215-898-7988 ext. 4397 or email execed@wharton.upenn.edu to avail this benefit.

Can AIG Stay on Top?
To the lengthening list of fallen executives, add one more: Maurice "Hank" Greenberg, legendary CEO of American International Group, was forced to step down March 14 as investigators look at whether the company used complex insurance transactions to improperly pad its bottom line.

Greenberg's departure, after a four-decade reign that turned AIG from a sleepy also-ran into the world's biggest insurer, immediately raises questions about whether the company can stay on top -- or whether shareholders will suffer, as they have in so many corporate scandals. In the first five trading sessions after the Greenberg announcement, the stock fell by 7.6%. Nonetheless, shareholders held on to most of the outsized gains earned under Greenberg. Average annual returns for the past decade have been 15.5% versus 11% for the Standard & Poor's 500.

Read the Article.

There were over 40 alumni mentioned recently in the news. From appointments, nominations, and promotions to features in prominent articles... you can find all the latest information highlights by visiting Alumni in the News on Wharton's web site.

Please stay in touch and update your information on WAVE. This updated information is necessary for receiving the Wharton Alumni Magazine and event information. If you know of other alumni not getting this e-mail, feel free to forward this newsletter and ask them to let us know their contact information. We welcome your comments at alumni.affairs@wharton.upenn.edu.

Wharton Alumni Affairs and Annual Giving is located at 344 Vance Hall, 3733 Spruce Street, Philadelphia, PA 19104.

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