Wharton 125 Events

2007 Wharton Economic Summit to be held April 12-13
Leaders in business, academe, and government will meet at the 2007 Wharton Economic Summit -- a special 125th anniversary event -- to discuss key economic issues and challenges. The event will feature speakers such as: Art Collins, WG'73, chairman and CEO of Medtronic, Inc.; Jon M. Huntsman, Sr., W'59, HON'96, founder and chairman of Huntsman Corporation; and Michael Milken, WG'70, chairman of FasterCures and chairman of the Milken Institute. The April 12-13 event at the Pennsylvania Convention Center in Philadelphia will bring together these business leaders and many others on more than 30 panels, with topics such as executive compensation, global outsourcing, international human rights, hedge funds, and leadership in sports and media ventures. read more about the 2007 Wharton Economic Summit

Winners of the 125th Anniversary Recognition Awards Program Announced
In keeping with the 125th anniversary theme of celebrating excellence, Wharton's 125th Anniversary Recognition Awards Program was created to recognize and reward staff for outstanding performance and exceptional contributions. Winners included: Dan Alig, Cindy Armour, Pat Black, Sharon Brooks, Andrew Coopersmith, Joseph Cruz, Mary Lou Day, Peter Degnan, Jacqueline D'Ercole, Joann Desiderio, Catherine Devlin, Rob Ditto, Lea Engles, Tamara English, Tiffany Fujioka, Deb Giffen, Robin Gold, Yetza Johnson, Margaret Kassel, Dave Kurz, Liza Law, Jason Lehman, Joanne Levy, Fina Maniaci, Chris Maxwell, Alex Milne, Catherine Molony, Isobel Morrison, Colleen O'Neill, Trish Palmieri, Nancy Permsap, Michele Pirolli, Maria Reyes, Philomena Rhoades, Regina Risnychok, Katherine Rohan, Susan Romano, Terrance Ryan, Matthew Schuler, Lisa Serad, Sanya Sharma, Parker Snowe, Gabriela Snyder, Monica Taylor, Elaine Thomas, Andrea Williams, Evan Wittenberg, Helen Wright, Erin Wyher, Artemis Yates, Jackie Zavitz, Ed Tatum, Marcy Bevan, and Sherri Davis.

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

School News

Wharton Hosts Panel at Sundance on State of Financing Films
Wharton, in conjunction with the Center for Applied Media in Park City, Utah, held an event at the Sundance Film Festival titled, "Wharton@Sundance: New Money and the State of Film Finance Today." The event -- an inaugural activity for the Wharton Media & Entertainment Initiative (WMEI), which is still in development -- included panelists such as Clark N. Callander, managing director of Savvian, LLC; Michael Mendelsohn, president and CEO of Patriot Pictures; Robert Nathan of Cinetic Media; Hal S. Sadoff, head of International and Independent Film, International Creative Management (ICM); and Diane Stidham, managing director of Newbridge Film Capital, LLC. Nelson Gayton, a Wharton adjunct professor who teaches media and entertainment and serves as managing director of the new initiative, was the moderator. read news release

Entrepreneur-in-Residence Program's 2007 Slate Includes Founders of Major League Baseball Advanced Media & AppLabs
The Wharton Entrepreneur in Residence (EIR) program, which has brought over 100 entrepreneurs to campus since its inception, has announced its roster for Spring 2007. Each week, Wharton Entrepreneurial Programs, which manages the EIR program, provides Penn students with the chance for one-on-one meetings with such highly accomplished entrepreneurs as Sashi Reddi, PhD'94, of AppLabs Technologies; David Trone, WG'85, of Total Wine; and Bob Bowman, WG'79, of Major League Baseball Advanced Media. During 30-minute sessions, the visiting entrepreneur is available for students to discuss ideas, opinions, and strategies for potential or actual business ventures. read more about the Wharton Entrepreneur in Residence Program

MBA Students Spend Winter Break in India
A group of 36 MBA students traveled to India over winter break as part of the Global Immersion Program. During the trip, they met with key business, government, and non-profit leaders as part of an ongoing effort to learn more about the country's dynamic economy and growing influence in the international marketplace. The students began their visit in Delhi, where they met with organizations including Indian Railways, Delhi Metro Rail, Ranbaxy, and Genesis Burson-Marsteller. The students also visited companies in Bangalore and Mumbai and toured Rajugella Village (Uttar Pradesh), Agra, Jaipur, and Goa. read news release

VIP Moves into New Community Space, Grows to 25 Ventures and 48 Entrepreneurs
The Wharton Venture Initiation Program (VIP) continues to become the locus for campus entrepreneurs as it moves into new, enhanced community space. VIP gives select students the chance to execute the initial stages of their business plans and further develop their skills with entrepreneurial management education, professional support, and office space essential for starting successful new businesses. The new office/community space is located in Vance Hall and includes conference rooms and common areas for informal brainstorming sessions. read more about the VIP program

Citigroup Global Wealth Management Joins Wharton Global Family Alliance as Supporting Partner
The Wharton Global Family Alliance has announced Citigroup Global Wealth Management as its global supporting partner. The gift from Citigroup Global Wealth Management establishes it as the lead contributor for Wharton GFA, helping further the Alliance's research and teaching mission, with its primary focus on emerging issues in family business. The gift will be applied to promote study in the areas of philanthropy, wealth management, and governance. Citigroup Global Wealth Management and the Wharton Global Family Alliance have already begun to collaborate on a global wealth management study that will illuminate the structures employed by private family offices. read news release

Wharton Announces $6-Million Gift from Alumna Judith Bollinger and William Bollinger for Scholarship and Fellowship Support
Wharton announced a $6-million gift from alumna Judith Bollinger (née Comeau), WG'81, and her husband William. Judith Bollinger is a director and strategic planning consultant for ABG Sundal Collier, a firm providing investment banking, stock brokerage, and corporate advisory services for international investors and Nordic corporate clients. Half of the Bollingers' gift will be designated to establish the Judith and William Bollinger Endowed Scholarship, with the other $3 million creating the Judith and William Bollinger Endowed Fellowship. read news release

Wharton Announces $1-Million Gift from Alumnus John Patience for Fellowship Support
Alumnus John Patience, WG'73, gave $1-million to the School to establish the John Patience Endowed Fellowship Fund. Patience is co-founder and general partner at Crabtree Partners LLC, located in Lake Forest, Ill. The John Patience Endowed Fellowship Fund will be awarded each academic year, providing financial aid to an MBA student. read news release

Recognition

Prof. Zhang Named Finalist for O'Dell Award
Marketing Professor John Zhang recently was named a finalist for the 2007 William F. O'Dell Award for the most impactful Journal of Marketing Research paper. The paper was titled, "Do We Care What Others Get? A Behaviorist Approach to Targeted Promotions." read more

World Economic Forum Names Risk Management Center Managing Director a Young Global Leader in 2007
Erwann Michel-Kerjan, managing director of the Center for Risk Management and Decision Processes, was named one of 250 Young Global Leaders for 2007 by the World Economic Forum. This honor is awarded each year to acknowledge the top young leaders from around the world for their professional accomplishments, commitment to society, and potential to contribute to shaping the future of the world. Michel-Kerjan is thought to be the first person from Wharton to win this honor. read more

PhD Alumnus One of Top 10 Influential People in his Field
Sam Chandan, a 2004 PhD graduate of the Business and Public Policy Department, has been recognized as one of the 10 most influential people in his field by Multi-Housing News Magazine. Chandan is chief economist and senior vice president for economic research at Reis, a provider of impartial commercial real estate performance information and analysis. read more

Wharton Co-sponsors Tencent Awards Ceremony in Beijing
At the "Propelling China - Tencent Awarding Ceremony 2006," Wharton recently co-sponsored the Best Brands of the Year award, with CCTV Newslist and Economic Observer. The grand ceremony was held in Beijing, at which Wharton presented the "Most Popular Brand to Internet Users" award to Nokia and the "Best Credit Card of the Year" award to Industrial and Commercial Bank of China. The awards were based on the votes of millions of Chinese internet users and an experts' committee, with data authorization provided by AC Nielsen//NetRatings.

Knowledge@Wharton

Brand It Like Beckham: Can the Soccer Star Sustain the Hype?
In the 2002 British movie, Bend It Like Beckham, an aspiring 18-year-old soccer player explains to a friend that "no one can bend it like Beckham," a reference to soccer star David Beckham's amazing ability to score by "bending" the ball and making it swerve as it flies through the air. read more

What's in a Name? For Apple, a Focus on the Digital Living Room
Apple's name change from Apple Computer to Apple on January 9 highlights the company's new reality: CEO Steve Jobs' strategy today revolves around converged consumer devices much more than around personal computers. read more

The 'Myth of Market Share': Can Focusing Too Much on the Competition Harm Profitability?
It is a common practice of many companies to focus their attention on grabbing market share from their competitors. But such efforts can actually be detrimental to the firm's profitability, according to Wharton marketing professor J. Scott Armstrong. read more

Wharton School Publishing

Coming Soon: New Book from Wharton School Publishing
Firms of Endearment: How World-Class Companies Profit from Passion and Purpose by Rajendra Sisodia, David Wolfe, Jagdish Sheth.

It's a fact: People are increasingly searching for higher meaning in their lives, not just more possessions. This trend is transforming the marketplace, the workplace, and the very soul of capitalism. Increasingly, today's most successful companies are those who've brought love, joy, authenticity, empathy, and soulfulness into their businesses: companies that deliver emotional, experiential, and social value, not just profits. Firms of Endearment illuminates this: the most fundamental transformation in capitalism since Adam Smith. It's not a book about corporate social responsibility. It's about building companies that can sustain success in a radically new era. It's about understanding how the "new rules of capitalism" mirror the self-actualization focus of our aging society. It's about building companies that leave the world a better place. Most of all, it's about why you must do all this, or risk being left in the dust... and how to get there from wherever you are now.

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

Expansion (Spain)
November 1, 2006 — A presentation by Mauro Guillen, Dr. Felix Zandman Professor in International Management; Professor of Management and Sociology, was featured in an article about Spanish companies that conduct business in China and factors that make their Chinese manufacturing ventures successful.

CNBC
November 2, 2006 — Andrew Metrick, Associate Professor of Finance, was interviewed for a segment on corporate governance. He appeared on both "Power Lunch" and "Squawk Box."

BusinessWeek
November 6, 2006 — The concept of "superstar cities," developed by Todd Sinai, Associate Professor of Real Estate, and Joseph Gyourko, Martin Bucksbaum Professor of Real Estate, was cited in a story about historical trends in the housing market.

The Wall Street Journal
November 10, 2006 — Georgette Chapman Phillips, David B. Ford Professor of Real Estate; Professor of Legal Studies and Law, was quoted in an article about the weak condominium market and the increase in lawsuits brought by dissatisfied condo buyers.

NPR
November 30, 2006 — Neil Doherty, Frederick H. Ecker Professor of Insurance and Risk Management, was interviewed on "Morning Edition" for a segment on term life insurance and the role played by the Internet in decreasing costs.

Time
November 2006 — Sigal Barsade, Associate Professor of Management, was quoted in an article about the niche business practice of hiring consultants to help employees work on trust and communication issues in the workplace.

Alumni in the News

Karen L. Finerman, W'87, a mother of two sets of twins who also runs her own hedge fund, was featured in an article about career paths and family life. (The New York Times, 11/3/06); Brian Kenneth Swain, WG'98, was featured in an article about his novels World Hunger and Directed Energy. (Victoria Advocate, 11/6/06); Ian Inaba, W'93, was featured in an article about a documentary he made on the habits of voters and the instability of polls. (The Baltimore Sun, 11/7/06); Larry R. Benfield, WG'79, a former banker, was featured in an article about his position as head of the Episcopal Diocese of Arkansas. (Associated Press, 11/12/06); and Keiko Lemmerman Honda, WG'89, was featured in an article about management consulting careers for women in Japan. She is a partner at the Japanese branch of McKinsey & Company and was also appointed to the Japanese government's Regulatory Reform and Private Sector Liberalization Promotion Council. (Nikkei Weekly, 11/20/06).

2007 Wharton Economic Summit
April 12-13, 2007