News Releases - The Wharton School of the University of Pennsylvania

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2005 News Releases

Wharton School to Hold First-Ever Global Alumni Forum in India: January 6-7
Event to Launch School’s 125th Anniversary Celebrations
Mumbai and Philadelphia, Pa., Dec. 19, 2005 -- The Wharton School of the University of Pennsylvania will hold its first-ever Global Alumni Forum in India on Jan. 6-7, 2006 at the National Centre of Performing Arts in Mumbai. Starting with this forum, the Wharton School will begin a 16-month celebration of its founding – and the origin of collegiate business education in the world http://125th.wharton.upenn.edu/.

The forum will feature an array of participants including University of Pennsylvania President Amy Gutmann, Wharton School Dean Patrick Harker, and Finance Minister of India, P. Chidambaram, who will speak on “The Indian Economy at Inflection Point.” Other topics to be discussed at the forum will include critical issues affecting India — including outsourcing, foreign investments, and Indian pharmaceuticals — as well as more general topics, such as the future of telecom, alternative medicine, and social entrepreneurship. Wharton alumnus Anil D. Ambani, chairman of Anil Dhirubhai Ambani Enterprises, serves as chairman of the forum’s Organizing Committee.

Wharton School Celebrates 125th Anniversary
First Collegiate Business School Marks Milestone with Worldwide Events
Dec. 14, 2005 — The Wharton School of the University of Pennsylvania is celebrating its 125th anniversary. Starting in January 2006, the Wharton School will begin a 16-month celebration of its founding — and the origin of collegiate business education in the world.

Wharton School and Egon Zehnder International Offer Executive Education Program in India
Corporate Governance Program by Wharton and EZI Will Provide Business Education for Independent Directors of Indian Corporations
Nov. 30, 2005 — The Wharton School of the University of Pennsylvania today announced a new executive education program, in collaboration with Egon Zehnder International, will be held in Mumbai, India, from Jan. 4-6, 2006.

Wharton School Establishes Shanghai Representative Office
New Staff, New Programs Strengthen Relationship with China
SHANGHAI and PHILADELPHIA, PA, Dec. 1, 2005 — The Wharton School of the University of Pennsylvania today announced the immediate establishment of a Shanghai Representative Office to support faculty research on China, the further development of the Chinese language edition of Knowledge@Wharton, new executive education initiatives in China, and other China-related programs. The announcement was made today at a Wharton Alumni Meeting in Shanghai attended by over 250 graduates of the school’s various programs.

Wharton School Adds Undergraduate Secondary Concentration in Retailing
Nov. 17, 2005 — The Wharton School of the University of Pennsylvania has announced the addition of a secondary concentration in retailing, which will provide students with a deeper foundation for successful careers in retail. The new curriculum will be offered to Wharton undergraduate students and will be administered by the School’s Jay H. Baker Retailing Initiative, which was established in 2003 through a $10-million gift from Patty and Jay H. Baker.

Wharton School Celebrates 25 Years of the Leadership Education and Development Program
Nov. 14, 2005 — The Leadership Education and Development (LEAD) Program at the Wharton School of the University of Pennsylvania 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.

Wharton Infosys Business Transformation Awards 2005 North America Announced
InnoCentive and Vivek Ranadivé, Chairman & CEO of TIBCO, Receive Prestigious Awards for Innovative Use of Technology
Nov. 7, 2005 — The Wharton School of the University of Pennsylvania and Infosys Technology Ltd. today announced the winners of the Wharton Infosys Business Transformation Awards (WIBTA), 2005, North America. The awards recognize visionaries and organizations that use technology in an innovative and creative manner to revolutionize their industries.

Wharton School Announces Establishment of Murrel J. Ades Endowed Professorship
Nov. 7, 2005 — The Wharton School of the University of Pennsylvania announced that it 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. The professorship is endowed by his son, Robert Ades, who is a senior partner at the law firm of Robert A. Ades and Associates, in Washington, D.C. The fund will allow the School to honor an exceptional scholar and teacher, providing the School and its faculty with additional research funding, and also will further strengthen the ties that the Ades family already have with the University.

Wharton and NYU Stern Launch Joint Initiative on Benefits of Undergraduate Business Education
Nov. 3, 2005 — The Wharton School of the University of Pennsylvania and New York University Stern School of Business announced a joint initiative, “Discover Business Now,” aimed to educate high school sophomores and juniors about what it means to study business at the undergraduate level and how doing so broadens their career opportunities.

Professor Eric Bradlow named the K.P. Chao Professor
October 31, 2005 — The Wharton School of the University of Pennsylvania announced the appointment of Professor Eric Bradlow as the K.P. Chao Professor. Bradlow is the first professor to fill the endowed chair, funded by K.P. Chao, chairman of the board of Novel Enterprises Limited, based in Hong Kong.

Wharton Joins Los Angeles Branch of Federal Reserve Bank and National Press Foundation to Host Business Journalism Seminar
Oct. 31, 2005 — Business reporting gets more complicated – and more vital – every day. Even for veterans, there’s no better time to polish reporting skills and learn some new ones. The University of Pennsylvania’s Wharton School, one of the world’s top business schools, is joining with the Federal Reserve Bank of San Francisco and the NPF to offer a special one-day seminar to do just that in downtown Los Angeles, Nov. 21, 2005.

Professor Kunreuther Named Fellow of the American Association for the Advancement of Science
October 27 — Six faculty members of the University of Pennsylvania have been named Fellows of the American Association for the Advancement of Science. They are professors from Penn's School of Arts and Sciences, School of Engineering and Applied Science, School of Medicine and Wharton School.

Wharton School Receives $2.5 Million from Leon Lowenstein Foundation
Gift to Establish John M. Bendheim Loan Forgiveness Fund for Public Service
Sept. 26, 2005 — The Wharton School of the University of Pennsylvania announced the creation of the John M. Bendheim Loan Forgiveness Fund for Public Service, which is designed to encourage Wharton MBA graduates to pursue careers in the public and not-for-profit sectors. Awards from the fund will be used to help cover the cost of the MBA graduates’ educational debt obligations. A $2.5-million grant from the Leon Lowenstein Foundation established the Bendheim Fund. John M. Bendheim, who earned his undergraduate degree from Wharton in 1940, and his son, Thomas L. Bendheim, who earned his MBA from Wharton and an MA from Penn’s Graduate School of Arts & Sciences as part of a joint degree program at the Lauder Institute in 1990, are directors of the Leon Lowenstein Foundation.

Wharton School Announces New Senior Board Leadership
Sept. 28, 2005 — The Wharton School of the University of Pennsylvania announced the appointment of six new members to the Board of Overseers and new chairs for the Graduate and Undergraduate Executive Boards. These positions were approved by the Board of Trustees at the University of Pennsylvania and represent distinguished leaders in the business world.

Wharton School Announces MBA Program Receptions
School to Host More than 70 Events in 40 Countries
Sept. 26, 2005 — The Wharton School of the University of Pennsylvania will hold more than 70 receptions in 40 countries for individuals interested in learning more about an MBA or applying to an MBA program.

Wharton Introduces Three New Learning Simulations in Management, Economics and Operations
Now Totaling 23, Offerings Further Wharton Commitment to Using Technology to Transform Teaching, Learning and Research
Sept. 15, 2005 — With the launch of three new simulations in management, economics and operations and information management, the Wharton School of the University of Pennsylvania is engaging students with real-world exercises that provide hands-on experience in macroeconomic policy development, salary allocation and production line optimization.

New Study Says Fundamentals, Not Bubbles, Explain Recent Growth of Housing Prices
September 19, 2005 — With memories of large stock market declines still fresh, many pundits and even some economists observing the large increases in housing prices over the past five years, have been quick to declare a bubble. But a new study released today belies this conventional wisdom and finds that most cities in the United States show little evidence of a housing bubble as of the end of 2004.

Wharton MBAExec Students Visit Key Business and Government Leaders in India
SAN FRANCISCO, Sept. 12, 2005 — Students of the Wharton School’s MBA Program for Executives (MBAExec) at Wharton West will travel to India Sept. 12-16 to meet with key business and government leaders as part of an ongoing effort to learn more about the country’s growing influence in the international marketplace.

Penn offers enrollment to students displaced by Hurricane Katrina

Wharton European Corporate Social Responsibility Initiative Receives $1 Million
July 18, 2005 — The Wharton School of the University of Pennsylvania announced that it has received $1 million from current and former members of the Wharton Executive Board for Europe, Africa and the Middle East to fund the Wharton European Corporate Social Responsibility (CSR) Initiative. The check was presented to Wharton School Dean Patrick Harker during the School’s June 10 Global Alumni Forum in London. The CSR Initiative is designed to support research on corporate ethics and responsible investment with a focus on business in the U.S. and Europe.

Wharton and Infosys Award Entrepreneurs in Latin America
Tecmédica and Francisco Martínez de Velasco Receive Wharton
Santiago, Chile, July 1, 2005 — The Wharton School of the University of Pennsylvania and Infosys Technologies Ltd. announced the winners of the Wharton Infosys Business Transformation Awards (WIBTA) 2005 for Latin America at the Wharton School’s Global Alumni Forum in Santiago, Chile. The WIBTA “Enterprise Business Transformation Award” was presented to Chilean company Tecmédica for focusing on improving conditions for patients, health staff and administrators through an efficient use of IT. The WIBTA “Technology Change Agent Award” was presented Francisco Martínez of Mexico for being a role model among entrepreneurs in the high-tech industry.

Wharton School Class Gift Sets New Record
Over $1 Million Raised by 98.5 Percent of Class
June 29, 2005 — The Wharton School of the University of Pennsylvania announced that the Class of 2005 raised a combined $1,288,267 for their class gift and registered a participation rate of 98.5%. This year’s campaign also experienced the highest number of donors in Wharton Class Gift history, with 962 individuals contributing.

Anne Sullivan Named Senior Associate Dean for Finance and Administration at the Wharton School
June 13, 2005 — The Wharton School of the University of Pennsylvania announced the appointment of Anne Rollow Sullivan as the School’s new senior associate dean for finance and administration. She succeeds Scott Douglass, who stepped down earlier this year to become vice president for finance and treasurer of the University of Pennsylvania.

Success for RBS and Yair Goldfinger at Wharton Infosys Business Transformation Awards 2005 for Europe
Winners Drive IT Led Business Transformation in Europe
London, June 9, 2005 — The Wharton School of the University of Pennsylvania and Infosys Technologies Ltd. announced the winners of the Wharton Infosys Business Transformation Awards (WIBTA) 2005 for Europe at the Wharton School’s Global Alumni Forum in London. The “Enterprise Business Transformation Award” was presented to RBS for its understanding of the benefits of standardization, centralization and the use of technology to control the way its business grows. The “Technology Change Agent Award” was presented to Yair Goldfinger, CTO, Dotomi Inc. for creating personal, relevant and timely messaging channels.

Wharton School and Infosys Announce Winners of Wharton Infosys Business Transformation Awards 2005 for Asia Pacific
Samsung Electronics and Wu Ying Honored for Re-defining Industry and Business Models
Singapore, May 28, 2005 — The Wharton School of the University of Pennsylvania and Infosys Technologies Ltd (NASDAQ: INFY) announced the winners of the Wharton Infosys Business Transformation Awards (WIBTA) 2005 for Asia Pacific (APAC) at Singapore. The “Enterprise Business Transformation Award” was presented to Samsung Electronics for being at the forefront of technology revolution by inventing products that inspire digital integration, and the “Technology Change Agent Award” was presented to Wu Ying for inventing and introducing very affordable and flexible PHS wireless technology in China.

Professor Jeremy Siegel Wins Moldovsky Award

Knowledge@Wharton to Offer Audio Editions of Award-Winning Online Business Journal
PHILADELPHIA, PA, May 15, 2005 — Knowledge@Wharton, the online research and business analysis journal of the Wharton School of the University of Pennsylvania announces that Adobe Systems Inc. and Samsung Electronics Co. Ltd will serve as lead sponsors for the launch of the publication’s new audio edition on Audible.com. Subscribers of Knowledge@Wharton, which is free to registered users, will gain access to the audio version, also free of charge, via the Audible.com Subscription Center (www.audible.com/subscriptions). There, they can download editions over the Internet, and listen wherever and whenever it is convenient. The audio edition of Knowledge@Wharton can be played on most portable digital audio players including the Apple iPod?, can be downloaded on a CD, or listened through a computer audio program such as Real Player.

Randall J. Weisenburger of Omnicom Gives Wharton School Communication Program $1.1 Million
May 2, 2005 — The Wharton School of the University of Pennsylvania announced today a gift from Randall J. Weisenburger, Omnicom Group’s executive vice president and chief financial officer, of $750,000 to the Wharton Communication Program. This follows an initial gift of $350,000 in 2001, resulting in one of the largest cumulative gifts — $1.1 million — ever made to a business school’s communication program.

Catch of the Day: FibrinX Wins Wharton Business Plan Competition Grand Prize with Wound Care Derived from Fish Plasma
Team’s venture uses Atlantic salmon plasma for combat and other wounds; Navy and Army funding already secured
April 27, 2005 — Student team, FibrinX, whose tissue sealant provides a safer and cheaper adhesive to prevent excessive bleeding du ring surgical procedures or after traumatic injury, won the $20,000 grand prize of the Wharton Business Plan Competition. The prize was awarded at the Wharton School’s annual Venture Finals April 26, 2005 where student finalists received a total of $75,000 in combined cash prizes, access to capital and in-kind legal/accounting services.

Alan Greenspan, Chairman of the Board of Governors of Federal Reserve, Receives Dean’s Medal at Wharton School MBA Commencement
David Pottruck to Keynote West Coast MBA Graduation in San Francisco
Philadelphia, PA and San Francisco, CA, April 19, 2005 — The Wharton School of the University of Pennsylvania has announced that Alan Greenspan, chairman of the Board of Governors of the Federal Reserve System, will be the featured speaker at the School’s MBA commencement in Philadelphia. The May 15 ceremony will occur at 1:00 p.m. at Franklin Field, located at Spruce and 33rd Streets on the campus of the University of Pennsylvania with a reception afterward at Jon M. Huntsman Hall.

Wharton Business Plan Competition Finalists Vie for $75,000 in Prizes, VC Interest
Among entrepreneurial contest contenders: at-home breast cancer scanner; OxyContin pain relief alternative; wound treatment using plasma of Atlantic salmon
April 12, 2005 — The Wharton Business Plan Competition has announced the eight finalists who will vie for $75,000 in prizes at the annual Venture Finals taking place Tuesday, April 26 at the Wharton School’s Jon M. Huntsman Hall, on the University of Pennsylvania campus. The event is free and open to the public.

Wharton Learning Lab Launches Three New Simulations
Now Totaling 20, Offerings Broaden Wharton Commitment to Using Technology to Transform Teaching, Learning and Research
April 4, 2005 — The Wharton School of the University of Pennsylvania has introduced three new learning simulations that enable richer classroom exploration of concepts in international corporate finance, entrepreneurship and operations and information management. With these new offerings, the Wharton Learning Lab has developed and deployed 20 experience-based learning simulations, which are broadly used throughout the curriculum, and challenge students to apply principles they have learned across multiple disciplines, including finance, marketing, negotiations and forecasting.

Wharton School Business Journal Knowledge@Wharton Announces Launch of Chinese Version
SHANGHAI & PHILADELPHIA, Pa., March 22, 2005 — Knowledge@Wharton, the online research and business analysis journal of the Wharton School of the University of Pennsylvania, today 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.

Alumnus Thomas Caleel Named Director of Wharton School MBA Admissions and Financial Aid
March 21, 2005 — Following an extensive search, alumnus Thomas Caleel was appointed director of MBA Admissions and Financial Aid at the Wharton School of the University of Pennsylvania. 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.

NFL Players To Attend Wharton Executive Education Program
March 3, 2005 — The National Football League (NFL) and NFL Players Association (NFLPA) have entered into agreements with the Wharton School of the University of Pennsylvania and Harvard Business School to provide business education to NFL players. This program is part of an ongoing NFL- NFLPA initiative to assist players in preparing for their post-playing careers.

Sports Business Initiative Established at Wharton School
Feb. 28, 2005 — 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.

Wharton Global Family Alliance Announces Support from Mellon Financial Corporation
Three-year commitment supports family business research goals
Feb. 28, 2005 — The Wharton School announced that Mellon Financial Corporation has joined the Wharton Global Family Alliance as a lead underwriter. The Wharton Global Family Alliance (Wharton GFA) is the first global family consortium of its kind engaged in research, teaching, and outreach to create a distinctive resource for family businesses worldwide. Mellon will provide significant support over three years to help further the research objectives of the Wharton GFA as it creates substantive new knowledge related to family businesses.

Wharton Global Family Alliance Announces Gift from Dubai
Dubai To Host WGFA First Annual Conference
February 26,2005 — The Wharton School today announced that Istithmar, the Dubai-based investment holding company, has made a generous 1 million US Dollar gift to the Wharton Global Family Alliance to support its objective of creating substantive new knowledge related to family businesses. The Wharton Global Family Alliance is the first global family consortium of its kind engaged in research, teaching, and outreach to create a distinctive resource for family businesses worldwide.

Wharton Joins Federal Reserve Bank of San Francisco and National Press Foundation to Host Business Journalism Seminar
Feb. 21, 2005, Philadelphia — Business reporting gets more complicated — and more vital — every day. Even for veterans, there’s no better time to polish reporting skills and learn some new ones. The University of Pennsylvania’s Wharton School is joining with the Federal Reserve Bank of San Francisco and the National Press Foundation to offer a special one-day business journalism seminar on March 28, 2005 at Wharton West, the School’s facility in San Francisco.

Christopher Morris Named Director of MBA Career Management at the Wharton School
February 4, 2005, Philadelphia — Christopher Morris has been named director of MBA Career Management at the Wharton School of the University of Pennsylvania. His appointment was effective January 26. Morris succeeds Peter Degnan, who was recently named executive director in Wharton’s Executive Education Division.

Wharton School to Hold Leadership Conference in San Francisco
Event hosted by Wharton West, Wharton Executive Education Programs, Wharton Center for Human Resources, and Wharton Center for Leadership and Change Management
SAN FRANCISCO, January 19, 2005 — Wharton West, the Wharton School of the University of Pennsylvania’s campus in San Francisco, Wharton Executive Education Programs, the Wharton Center for Human Resources, and the Wharton Center for Leadership and Change Management will host a conference on February 2, 2005 that will discuss creative business leadership for innovation and sustainable growth – whether in the private, public, or non-profit sectors.

Wharton School Announces Leadership Advisory Board
Citigroup’s Chairman and Chief Executive Officer of Citigroup’s Global
Jan. 13, 2005 — The Wharton School of the University of Pennsylvania announced the creation of a new Leadership Advisory Board, spearheaded by alumnus Todd Thomson, chairman and CEO of the global wealth management division of Citigroup, which comprises the Citigroup Private Bank, Smith Barney and Global Equity Research businesses. The board was convened to provide an essential link between the Wharton community and the foremost leaders in business, public service, government, entertainment, and sports. The first meeting of the advisory board was held Nov. 9th and 10th in Philadelphia, Pa.