125th Anniversary News

Celebrate Wharton's 125th Anniversary
In 1881, American entrepreneur and industrialist Joseph Wharton had the most radical idea in the history of business: the establishment of the world’s first collegiate school of business at the University of Pennsylvania.
No other single idea — and no single institution — has had such a dramatic, transformational effect on the way business is conducted in the global market.
Starting in January 2006, Wharton will begin a 16-month celebration of its founding — and the origin of collegiate business education in the world. Wharton 125, the anniversary celebrations, will launch with three major events: the Global Alumni Forum in Mumbai on January 5-7; a kick-off event on campus on January 18; and the Wharton Economic Summit in New York City on February 1. Events in more than 20 cities across the globe have already been planned
Celebrate Wharton’s innovations, its leadership in business thought and practice, and the people who make it happen. Visit the Wharton 125 website for information on events and the history of the School.
Business education started right here. First.

School News

Shanghai Representative Office Established
A new office in Shanghai was recently established to support the many Wharton initiatives in China, including: faculty research, new executive education initiatives, the further development of the Chinese language edition of Knowledge@Wharton, and other China-related programs. read news release
New Undergraduate Secondary Concentration in Retailing Launched
A new secondary concentration in retailing adds to the 18 concentrations available to undergraduate students, the largest at any business school. The new offering — which will provide undergraduate students with a deeper foundation for successful careers in retail — will be administered by the School's Jay H. Baker Retailing Initiative. read news release

Innovative Program in Life Sciences and Management Announced
In fall 2006, Wharton and Penn's College of Arts & Sciences will begin a major new undergraduate program: The Roy and Diana Vagelos Program in Life Sciences and Management. read feature

PBS Show Taped on Campus with Wharton Alumni
An episode of the national PBS series "CEO Exchange" was taped Nov. 22 on campus with Brian Roberts, W'81, CEO of Comcast Corp., and Harold McGraw III, WG'76, CEO of The McGraw-Hill Companies. Moderated by respected broadcast journalist Jeff Greenfield, the show featured a discussion with the CEOs about their family businesses and the rapidly expanding world of cable television and publishing. Professors Raffi Amit and Kenneth Shropshire participated by asking questions, along with Wharton students in the audience. MBA student Donald Felix's video tour of Wharton will be aired during the show. The episode is expected to be broadcast in March 2006. read more
Leadership Education and Development Program Celebrates 25th Anniversary
The Leadership Education and Development (LEAD) Program, which was founded at Wharton and has grown to become a nationwide organization with programs at 10 universities, is celebrating its 25th anniversary. LEAD, which reaches out to some of the nation's brightest underrepresented rising high school seniors, introduces those students to the world of business. read news release
Wharton, Federal Reserve and National Press Foundation Teach Business Journalists in Los Angeles
Wharton recently joined with the Federal Reserve Bank of San Francisco and the National Press Foundation to offer a special seminar for business journalists in Los Angeles. Nearly 40 reporters attended from West Coast outlets such as NBC News, the Los Angeles Times, the Orange County Register, and the Reno Gazette-Journal. read more
Entrepreneur-in-Residence Program Announces Spring Line-Up
The Wharton Entrepreneurial Programs offering provides an opportunity for students to meet one-on-one with successful entrepreneurs. Visitors scheduled include Peter Nicholas, WG'68, of Boston Scientifics, Sanjay Pingle, W'93, and Sundeep Bhan, C'94, of Medsite Inc., and Chuck James, WG'85, Burger King's largest African American franchisee. read more about the Entrepreneur-in-Residence Program
Murrel J. Ades Endowed Professorship Established
Wharton has received a gift to create the Murrel J. Ades Endowed Professorship in honor of Ades, a late Wharton School graduate who would have turned 100 this year. read news release
Heard on Campus
A number of executives came to Wharton in November to discuss business and leadership. Speakers included:

Nov. 2   — Sallie Krawcheck, CFO, Citigroup
Nov. 3   — Rob Henrikson, President, COO, Chairman & CEO-Elect, MetLife
Nov. 4   — Donny Deutsch, W'79, Chairman, Deutsch, Inc and CNBC host
Nov. 8   — Patrick FitzGerald, C'97, Founder, RecycleBank
Nov. 8   — Blythe Masters, CFO, JPMorgan
Nov. 9   — John Wilhelm, President/Hospitality Industry, UNITE HERE
Nov. 10 — Jay Penske, W'01, CEO & President, Velocity Services
Nov. 10 — Jim Glassman, Chief Economist, J.P. Morgan
Nov. 10 — Anne Mulcahy, Chairman & CEO, Xerox
Nov. 22 — Brian Roberts, W'81, CEO, Comcast
Nov. 22 — Harold McGraw III, WG'76, CEO, McGraw Hill

Prof. Kunreuther Named Fellow of the American Association for the Advancement of Science. read news release
Prof. Pauly Named Co-Director of Robert Wood Johnson Foundation Initiative
Professor Mark Pauly was recently named co-director of the Interdisciplinary Nursing Quality Research Initiative, launched by the Robert Wood Johnson Foundation to generate and disseminate research to improve the quality of care provided in hospitals. read news release
Business Week Names Undergraduate Student Among "Best Entrepreneurs Under 25"
Nathaniel Stevens, W'06, a member of the Wharton Venture Initiation Program, was chosen as one of 20 "Best Entrepreneurs Under 25" for the early success he's created for his firm, NatPal. read more
Wharton Seniors Named Rhodes and Marshall Scholars
Two Wharton seniors recently received two of the world's most prestigious scholarships. College and Wharton senior Brett Shaheen is one of 32 American Rhodes scholars and Aziza Zakhidova will receive a Marshall scholarship. read article
Alumnus David Pottruck Named Chair of Wharton West Advisory Board
David Pottruck C'70, WG'72, chairman and CEO of Red Eagle Ventures, has been appointed chair of the Wharton West Advisory Board.
Wharton Infosys Business Transformation Awards 2005 North America Announced
The winners of the Wharton Infosys Business Transformation Awards 2005, North America - which recognize visionaries and organizations that use technology in an innovative and creative manner to revolutionize their industries - were: InnoCentive, the first online science-based collaboration forum (awarded the Enterprise Business Transformation Award) and Vivek Ranadivé, chairman and CEO of TIBCO Software (awarded the Technology Change Agent Award). read news release
Executive MBA Council Honors Catherine Molony With Bud Fackler Award
Catherine Molony, senior associate director and director of admissions for the Wharton MBA Program for Executives, received the Bud Fackler Service Award from the Executive MBA Council. The award recognizes contributions to the Executive MBA Council and to Executive MBA Programs worldwide.

Yahoo's Strategy: Stay Out of Microsoft's Crosshairs?
Yahoo defines itself as "a leading global Internet communications, commerce and media company" and, in doing so, has managed to stay somewhat out of the fray as giants like Google and Microsoft battle each other over everything from search dominance to providing a platform for next-generation web development. read more

Is Indian Business Ready for a Brave New World of Tough Corporate Governance?
As global business interest in India keeps growing, so does the expectation that Indian companies must play -- and be seen to play -- by rules that are clear to international investors. Demands have long been heard for greater transparency in the way Indian companies do business. read more

Multiplier Effect: The Financial Consequences of Worker Absences
When workers take sick days, the financial impact on the company is not always related only to the specific job the sick employee performs. read more

Wharton School Publishing Offers Special Holiday Discounts
To help celebrate the holiday season, WSP would like to offer Wharton faculty and staff a special 40% discount on all WSP books, now through the end of December. To take advantage of this value, please visit http://www.whartonsp.com/facstaff and register. At checkout, when asked for a promotional code, enter this code: 11S2205 and the special 40% discount will be automatically applied. All WSP books are also available at the Penn Bookstore.

The Wall Street Journal
November 8, 2005 — Kenneth Shropshire, David W. Hauck Professor; Professor of Legal Studies and Business Ethics, and the Wharton Sports Business Initiative were featured in an article about sports business courses and programs at business schools.

CNN
November 10, 2005 — Peter Cappelli, George W. Taylor Professor of Management, was interviewed about executive compensation in the oil industry.

NBC Nightly News
November 11, 2005 — Research by Monica McGrath, lecturer in the Management Department, was featured in a report about women returning to the workforce after an extended leave of absence. Esther Hong, WG'06, and Mindy Hauptman, WG'88 also were interviewed about this topic.

The New York Times
November 13, 2005 — Joseph Gyourko, Martin Bucksbaum Professor of Real Estate and Finance, was quoted in an article about tax reform and mortgage interest deductions.

The New York Times
November 13, 2005 — Matthew White, Class of 1965 Wharton Term Assistant Professor of Business and Public Policy, was cited in an article about consumer behavior in energy usage during periods of economic crisis.

Dow Kim, W'84, WG'90, trader-in-chief in the New York office of Merrill Lynch, was featured in an article about his career as a trader. (Financial Times, 11/7/05); Nassim Nicholas Taleb, WG'83, was featured in an article about his new book, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets. (The New York Times, 10/1/05); Vernon W. Hill, W'67, chairman of Commerce Bancorp, was featured in an article about his recent donation to Penn's Veterinary School. (Philadelphia Inquirer, 10/1/05); George Karibian, WG'93, was featured in an article about online entrepreneurs in reference to his company Euroffice.co.uk, an online office supplier. (Financial Times, 10/8/05); Alain Levy, WG'72, CEO of EMI Music, was featured in an article about the effects of file sharing on the music industry. (Newsweek, 10/17/05); Leslie Ng, WG'85, chief investment officer for Interstate Hotels and Resorts, was interviewed about her career in the hotel business. (The Washington Post, 10/17/05).

125th Anniversary
Global Alumni Forum: Mumbai
(January 5-7)

Wharton Leadership Lecture
Mark Sutton, Member of the Group Executive Board & Chairman and CEO, Americas, UBS
(January 12)

125th Anniversary
On-campus kick-off
(January 18)

Private Equity Conference
(January 20)

125th Anniversary
Wharton Economic Summit
(February 1)