School News

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. The Future for Investors
Jon Huntsman Book to be Released by Wharton School Publishing
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. visit WSP website
Sports Business Initiative Established at Wharton School
The Wharton School of the University of Pennsylvania has announced the establishment of the Wharton Sports Business Initiative (WSBI). The initiative will form a partnership among top level 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. From internships to executive education, this initiative will serve as the center for all sports business-related activities associated with the Wharton School. read news release
Undergrads Learn Business Etiquette
Wharton undergrads will have an opportunity on March 14 and 15 to take lessons in business etiquette at the noted Philadelphia restaurant Lacroix at the Rittenhouse Hotel. The restaurant's general manager and sommelier will conduct the sessions, which will cover such topics as common French food terms, foods to avoid at business luncheons and dinners, table etiquette, and how to choose and taste wine.
Wharton West MBA for Executives Students Raise Money for Public Radio
Wharton West students, alumni, and staff volunteered in January to answer phones for a KQED radio pledge drive. During their 4-hour shift, they raised $26,000 for public radio. As a trade-off for their time, KQED made announcements throughout the event to raise awareness of the annual Wharton West Leadership Conference. In addition, as an incentive gift for pledges, Wharton School Publishing contributed copies of Lasting Leadership: What You Can Learn From the Top 25 Business People of Our Times, by Knowledge@Wharton editors Mukul Pandya and Robbie Shell. read more about Wharton West
GIP to Send MBA Students to Southeast Asia
For the first time in years, MBA students will head to Southeast Asia this spring as part of the Global Immersion Program (GIP). The program is designed to expose students to a region rebounding from economic crisis and reclaiming its spot as an important global market. The 35 students will visit Bangkok, Ho Chi Minh City, Kuala Lumpur, and Singapore. Students will study the region's economic cycles, investment climate, and domestic reforms, as well as the effect of the so-called "China Factor."
Wharton West Hosts Seminar for Business Journalists
Business reporting gets more complicated - and more essential - every day. Even for veteran journalists, there's no better time to polish your reporting skills or learn some new ones. Wharton is joining with the Federal Reserve Bank of San Francisco and the National Press Foundation to offer a business journalism seminar on March 28 at Wharton West, the School's facility in San Francisco. Reporters are registered to attend from publications and broadcast outlets such as the San Jose Mercury News, Business 2.0, Financial Times, San Francisco Weekly, Wired, and KQED. visit the National Press Foundation website
West Coast Students, Alumni, and Faculty Gather for Entrepreneurship Event
The Wharton West Entrepreneurship Club and the Wharton Club of Northern California co-hosted a distinguished panel of Silicon Valley investors and entrepreneurs for a discussion of whether this is the year that startups and venture capital will come roaring back. The Feb. 10 event brought together entrepreneurially minded students, faculty, and alumni from all four MBA for Executives Wharton West classes. Panelists included Navin Chaddha, general partner of Gabriel Ventures; Mark Jacobstein, president and COO of Digital Chocolate; Alexander Lloyd, WG'97, venture partner of Rustic Canyon Ventures; Cynthia B. Padnos, venture partner in Outlook Ventures; and Drew Perkins, cofounder and CTO of Infinera. visit the Entrepreneurship Outlook 2005 website
Wharton Women Host Dollar Diva Event
Wharton Women, an undergraduate student organization, held a one-day financial conference at Penn for girls aged 12-18 from inner city Philadelphia schools. The event called, "Dollar Diva", addressed how to make and manage money. The girls who attended the Feb. 26 conference are affiliated with groups such as the School District of Philadelphia and the Girl Scouts of Southeastern Pennsylvania. About 30 Wharton Women members will act as mentors for the girls. visit website
Heard on Campus
A number of executives came to Wharton in February to discuss business and leadership, including:
Feb. 4 - Stelios Hadji-Ioannou, Founder of easyJet and Chairman of easyGroup
Feb. 8 - Dan Ross, W'76, CEO and Chairman of Optiant
Feb. 9 - Russ Bernard, Principal of Oaktree Capital Management
Feb. 11 - Stephen F. Cooper, WG'70, Chairman of Kroll Zolfo Cooper, CEO and Chief Restructuring Officer of Enron, and CEO of Krispy Kreme Doughnuts
Feb. 15 - Charles Fleischman, WG'86, President of Digene Corp.
Feb. 17 - David Brennan, CEO of AstraZeneca
Feb. 17 - Larry Kramer, Founder, Chairman and CEO of MarketWatch.com
Feb. 22 - Brett Hurt, WG'99, Founder and Director of Coremetrics

Winners of Shils-Zeidman Fellowships in Entrepreneurship
Announced
Eleven Wharton undergraduates and MBA students — from such diverse locations as Israel, Nigeria, and the Bronx — won $6,000 awards from the Shils-Zeidman Fellowships in Entrepreneurship. The award was co-founded by the late Prof. Edward B. Shils, as one of his many acts of generosity and dedication to students. Administered by Wharton Entrepreneurial Programs, the endowment supports African-American, African, and Israeli students at Wharton. The award winners all demonstrated academic merit and a strong entrepreneurial spirit to the selection committee. Students selected are Christopher Amos, Nir Bar-Lev, Lydia Cutrer, Dor Golan, Nakeyshia Kendall, Thomas Kouadio, Sekou Murphy, Olufemi Ogunseinde, Dadie Tayoraud, Brian Turpin, and John Weaver. visit Entrepreneurial Programs Awards and Fellowships website

Food Fight: Obesity Raises Difficult Marketing Questions
Consider just a few of the latest, some would say confusing, developments in the heated debate over junk food, advertising and obesity. Last week, new government research pointed to an unlikely culprit in the recent rise in childhood obesity: large-scale consumption of sugar-laden fruit juice by preschoolers. U.S. dietary guidelines suggest parents give their children fresh fruit, water or milk instead. read more

Turnaround Artist Stephen Cooper Is Swamped: First Enron, Now Krispy Kreme, and More to Come
You would think corporate turnaround specialist Stephen F. Cooper could not possibly remain so busy. In January 2002 he signed up as interim CEO of bankrupt Enron Corp. read more

In eBay's Success May Lie Hints of Trouble Ahead
When eBay reported its 2004 financial results on January 19, it looked like business as usual. Annual revenue was up 51% from a year ago, and net income jumped 76%. read more

National Public Radio
January 5, 2005 — Kenneth Shropshire, David W. Hauck Professor and Professor of Legal Studies, was interviewed about the banks utilized by professional sports teams.

CNBC
January 10, 2005 — Brigitte Madrian, Boettner Associate Professor in Financial Gerontology and Associate Professor of Business and Public Policy, was interviewed about retirement investment choices for future generations.

The New York Times
January 10, 2005 — Kent Smetters, associate professor of insurance and risk management, was quoted in an article about the future of Social Security.

The Globe & Mail
January 12, 2005 — Thomas Donaldson, Mark O. Winkelman Professor and Professor of Legal Studies, was quoted in an article about corporate ethics.

USA Today
January 25, 2005 — Olivia Mitchell, International Foundation of Employee Benefit Plans Professor and Professor of Insurance and Risk Management and Business and Public Policy, was featured in an article about the challenges involved with Social Security.

Forbes
January 31, 2005 — Geoffrey Tate, assistant professor of finance, was mentioned in an article about the effect of chief executive performance on corporate behavior.

Nassim Taleb, W'83, was featured in an article about his teaching career at the Courant Institute of Mathematical Sciences at New York University. (Saturday Evening Post, 1/1/05); Ronald Dermer, W'93, has been named minister for economic affairs at the Israeli Embassy in Washington, D.C. (Israel Business Arena, 1/4/05); Andrew Cowen, WG'98, has been named president and CEO of Computerized Medical Systems. (Biotech Week, 1/5/05); Roberto Martinez, WG'76, has been appointed to Florida's Board of Education. (Associated Press, 1/10/05); Justin Holland, WG'02, has joined the bond marketing team at Jefferies International. (BondWeek, 1/21/05); David Morrison, WG'99, was featured in an article about his career as founder and CEO of Twentysomething Inc., a firm that analyzes the shopping habits of the 15-35 age group. (Time, 1/24/05); Sachin Pilot, WG'01, a member of the Indian Parliament, was featured in an article about young leaders in India. (India Today, 1/31/05); Lance James, WG'78, head of the small-cap value team at Babson Capital Management, was featured in an article about the performance of small-cap stocks. (Investment Management Weekly, 1/31/05).

Wharton Leadership Lecture: Ken Chenault, CEO, American Express
(March 17)

Wharton Leadership Lecture: Patricia Sellers, Editor at Large, Fortune Magazine
(March 24)

Wharton Leadership Lecture: Congressman Harold Ford, Jr., U.S. Congress
(March 31)