Wharton 125 Events

Faculty Continue Alumni Tours around the World
Alumni around the world continue to celebrate the School's 125th anniversary with receptions and faculty talks. Last month, Professor Richard Shell met with alumni in St. Louis and Professor David Reibstein spoke to alumni in Los Angeles. Dean Patrick Harker also attended the Los Angeles event. Upcoming events include Professor Kenneth Shropshire speaking in Portland and Professor Marshall Meyer in Beijing. view more 125th events

For more 125th events and information, visit the Wharton 125 website.

School News

Wharton Welcomes New Students
Wharton recently welcomed 512 new undergraduates for its single degree program, Huntsman Program in International Studies and Business, Jerome Fisher Program in Management & Technology, Nursing and Health Care Management program, and newly launched Vagelos Program in Life Sciences and Management. They come from 48 U.S. states and 39 countries around the globe. The MBA program's Class of 2008 has 800 matriculants, 45% of whom are international, hailing from 70 different countries.

Business Plan Competition to Test India's Entrepreneurship Prowess
At the launch event celebrating the debut of India Knowledge@Wharton on Nov. 1 in Mumbai, the School will hold an awards ceremony for the finalists of a special India version of the Wharton Business Plan Competition, which received more than 600 individual entries from students studying at business schools and colleges across India. read news release

Alumnus Robert M. Levy and Diane v.S. Levy Give $5 Million
Alumnus Robert Levy, partner, chairman and chief investment officer of Harris Associates, L.P., and his wife, Diane v.S. Levy, recently gave $5 million to Penn and Wharton. The gift will establish the Diane v.S. and Robert M. Levy Social Impact Fund with $2 million; provide supplemental funding of $2.75 million to the existing Levy Endowed Fellowship Fund; and benefit the University of Pennsylvania Museum of Archaeology and Anthropology with $250,000. read news release

New Faculty Join Wharton From Around the World
Joining six academic departments in Fall 2006, Wharton's nine new professors reinforce the School's links to the country's other leading universities and business schools, with graduate work at Yale, Harvard, Stanford, Princeton, Duke, NYU, and the University of Chicago. The new faculty members bring unprecedented global diversity to the School, hailing from Iceland, Israel, Germany, Canada, Ukraine, Russia, and the United States. read feature

The Institute of Contemporary Art and Wharton Present Collaborative Series on The Business of Art
Wharton, in collaboration with the Institute of Contemporary Art (ICA), will present The Business of Art, a series of ongoing collaborations commencing in 2006. This series will open with an inaugural event, Dealers and Collectors, on Oct. 4 at 5:00 p.m. in Jon M. Huntsman Hall, featuring ICA overseer and art collector Glenn Fuhrman, W'87, WG'88, in conversation with dealer Larry Gagosian, whom Art Review magazine called "the world's greatest art businessman." read news release

Undergraduate M&T Students Address Water Shortage in Honduras
A group of Penn and Wharton undergraduates returned this past May from Honduras, where they participated in a program through Penn's Engineers Without Borders (EWB) to address the village of Terreritos' water shortage and gain valuable out-of the-classroom experience. PennEWB's mission, as one of the non-profit's 148 U.S. chapters, is to help developing communities improve their residents' quality of life. Wharton students on the trip included Priyanka Agarwal, W'07, SEAS '07; Alex Mittal, W'07, SEAS '07; and Matt Owens, W'09, SEAS '09. All Wharton participants are students in the Jerome Fisher Program in Management and Technology. This month, two more Wharton undergraduates -- Thomas Macrina, W'09, SEAS'09, and Priscilla Matos, W'08 -- will travel to Honduras to complete assessments for the water program and other future projects. visit the Penn Gazette for full story and the Penn EWB project website

Recognition

Prof. Henisz Wins Private Sector Development Research Competition
Professor Witold Henisz was one of six winners of the first annual private sector development research competition jointly sponsored by the Financial Times and the International Finance Corporation. "Managing Policy Risk," the paper by Henisz and his coauthor (Bennet Zelner of the Fuqua School of Business), was judged to "merit wide attention, [be] worthy of extensive publication, and add to the global discussion on private sector development and economic growth by providing new analyses, perspectives, judgments or ideas." visit the IFC competition website

Knowledge@Wharton

Vigilant vs. Operational Leaders: Changes at Ford, the Coke-Pepsi Fiasco, and Other Management Moments
As Wharton marketing professors George Day and Paul Schoemaker see it, the recent and well-publicized travails of the Ford Motor Co. offer a clear example of the distinction between vigilant leadership and operational management. read more

Can China Gear Up to Sell Its Cars to U.S. Consumers? Quality Is Key
First it was textiles and consumer electronics. Next may be cars. China is once again looking to target a key consumer market in the U.S. Yet while low wages and government support could ultimately make China a powerhouse in the global automotive industry, Wharton faculty and industry analysts say it will take some time to reach that goal. read more

'Stale' or 'Sticky' -- What Motivates Late Trading and Market Timing in Mutual Funds?
Three years ago, the business scandal spotlight moved to a new industry when mutual funds were accused of allowing favored customers to engage in late trading and market timing that hurt ordinary investors. read more

Wharton School Publishing

Coming Soon: New Book from Wharton School Publishing
Marketing in the Public Sector: A Roadmap for Improved Performance shows how to use proven marketing thinking to supercharge the effectiveness of any government institution, public agency, or non-profit organization. Using scores of examples, renowned marketing consultant Dr. Philip Kotler and Nancy Lee introduce breakthrough techniques for promoting innovation, speed, efficiency, convenience, responsiveness, fairness, and citizen satisfaction. Kotler and Lee walk readers through carrying out the core "tactical" marketing activities of defining product, price (if necessary), place, and promotion. They also offer indispensable practical guidance on communications strategies for reaching target markets as effectively as possible.

Wharton faculty and staff can take advantage of expanded benefits, including discounts and free domestic shipping. Those who register to become a member can get free access to audio summaries, author interviews and other valuable member only content. Visit www.whartonsp.com/facstaff to register and access benefits. All WSP books also are available at the Penn Bookstore.

For more, visit the Wharton School Publishing website.

Wharton in the News

BusinessWeek
August 7, 2006 — Professor Americus Reed II, assistant professor of marketing, was quoted in an article about advertising campaigns asking people to reveal their secrets online.

The Wall Street Journal
August 8, 2006 — David Bell, associate professor of marketing, was cited in an article about the role of the Internet in the popularity of bands.

Associated Press
August 14, 2006 — Peter Cappelli, George W. Taylor Professor of Management was quoted in an article about pay caps for Wal-Mart employees.

National Public Radio
August 17, 2006 — Olivia Mitchell, International Foundation of Employee Benefit Plans Professor; Professor of Insurance and Risk Management and Business and Public Policy, was interviewed for a story about pension reforms.

The New York Times
August 25, 2006 — Todd Sinai associate professor of real estate, was quoted in an article about the role of sales incentives in the current housing market.

The Wall Street Journal
August 25, 2006 — Jitendra V. Singh, Saul P. Steinberg Professor of Management, was quoted in an article about Brazil's economy.

Alumni in the News

David Homer, WG'87, recently appointed president of General Mills Canada, was featured in an article about General Mills International. (The Globe and Mail, 8/1/06); Eileen Clarkin Rominger, WG'86, CEO and lead portfolio manager of the value team at Goldman Sachs, was featured in an article about promoting stocks. (Barrons, 8/7/06); Andreas Georghiou, W'72, was featured in an article about Spacenet, a provider of broadband services of which he is CEO. (Washington Post, 8/21/06); Jonathan Fielding, WG'77, was featured in an article about his appointment as director of the Department of Public Health in Los Angeles. (Los Angeles Daily News, 8/23/06); Mayer Mitchell, W'53, was featured in an article about the Alabama Business Hall of Fame, where he was inducted as a new member for his residential and commercial development work, as well as for establishing the Mitchell Cancer Institute at the University of South Alabama. (US Fed News, 8/23/06); Li Quan, WG'89, was featured in an article about her work to save the South China tiger. (The Christian Science Monitor, 8/23/06); Tonya Miles, WG'87, director of administration and operations for the Medical College Admission Test of the Association of American Medical Colleges, was featured in an article about medical school admissions processes. (The Washington Times, 8/28/06); Daniel Muzyka, WG'79, dean of the University of British Columbia's Sauder School of Business, was featured in an article about entrepreneurism. (Vancouver Sun, 8/31/06).

Faculty Tour: Portland, OR
October 4, 2006
Kenneth Shropshire, Sports Business at Wharton.

Faculty Tour: Beijing
November 2, 2006
Marshall Meyers.

Wharton West Reunion
November 4-5, 2006