Dividend SPR12

8/2/2019 Dividend SPR12

1/52

Stephen M. RoSS School of BuSineSS at the univeRSity of Michigan

dvdd

Go Blue,

Go AnywherRss Almni Scale New Heights in Bht

plus

Execute MBA ProgramOpens Campus n Los AngelesOrganzatons Turn SocalNetworks nto Socal Dollars

S


2/52

MichiganRossEMBA.comAA |734-647-3400LA |310-617-4750

(and we mean business)

The Michigan Ross Executive MBANow Offered in Two Locations

LOS ANGELES + ANN ARBOR

ACCEPTING APPLICATIONS FOR AUGUST 2012Once a Month for 20 Months


3/52

TableconTenTs12SpRing

spring 2012 DiviD

photobystevebusch

FEATURES 20 Go Bue, Go Anwhere

Daid Martz, MBA 99, and Jay Lrie, BBA 02, scalenew heights n an Internatinal Finance Crpratinprject in Bhtan.

23 Writing Her Own PabookBess Barnes, BBA 02, scres a career win at ESPN.

26 From Fighter Jets to Fisca ResponsibiitLance Pilch, MBA 06, balances military might withstrategic spending.

30 Fueing the Fight for Economic FreedomGpal Sriniasan, MBA 83, and Ragh Mend, MBA 81,deply entre capital t spark innatie grwthcmpanies in India.

33 Risk Business? Not So MuchTim Hartch, MBA/JD 96, aids risk and reaps retrns.

AlUmni SpoTlighT40 Agent of (Interna) Change

Ral St Jr., MBA 92, brings HR say tthe Enirnmental Prtectin Agency.

42 Dodging the Business Bind SpotsDaid Lee, MSE 89/MBA 97, thries n srprise

44 Buiding on a Soid FoundationTm Perk, MBA 91, cnstrcts a sstainabletre r Haiti.

46 Ceaning Up in Cean TechEntreprener Adrian Frtin, BSE 00/MBA 10,hks p with inestr Ryan Waddingtn, BS 93MBA 99, as part a $1.25 millin deal.

5.cr, Hr Weutv Mba Prgrm p

th bvry Whr l a


4/52

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2 DiviDEND spring 2012

{TableconTenTs} spring 2012

dEpARTmEnTS20 QUESTionS

3 An alumnus, proessor, and student tell it like it is.

TAppAn & hill5 Executive MBA Program opens in Los Angeles Executive Education brings coaches to the

classroom ... BBA Program expands numbers, enhances curriculum Segal amily endowsBBA scholarship Groupon co-ounder Brad Keywell, BBA 91/JD 93, keynotes Entrepalooza Dissolving boundaries at the India Business Conerence A sugary-sweet moment orTom Wilson, BBA 79 Michigan AD David Brandon on high-perorming teams Leadingrom hell and back with Chryslers Sergio Marchionne Former D.C. mayor Adrian Fentydelivers MLK address Private equity post-op Breaking through on climate change Mayleben program helps student entrepreneurs Zell Entrepreneurship and Law Programbrings law and business together Wrestling Warren Buett IPD course turns trashinto jobs Tauber Institute students take the checkered ag or teamwork Shiting theconversation about Detroit Faculty receive appointments, accolades, and awards.

ThoUghT in AcTion

Quote/unQuote

13 Michigan Ross aculty talk on the record about breaking news and business trends.

Faculty ReseaRch

14 ngttg r Ptv Rut

A Q&A with proessors Shirli Kopelman and Jerey Sanchez-Burks.16 Turg s ntwrk t s Dr

Proessor Puneet Manchanda fnds real ortune in virtual connections.

Faculty Minds

18 Wht ar Yu Thkg aut?Proessors Francine Laontaine and E. Han Kim reveal new research in development.

AlUmni AcTiViTiES35 Alumni photos, news, and events.

clASS noTES39 The latest news rom riends, classmates, and colleagues.47 Obituaries.

FiRST pERSon48 shtg sd

Shabina Khatri, BBA 04, shares her experience as an expat in Qatar.

lefttoright:courtesyofmich

iganathletics,scottstewart,joefaraoni(espn

)

This issue oDividendis the last or Deborah Holdshp, editorial manager. Deborahcame to Michigan Ross in 2007, and her enthusiasm or sharing tales o alumni,aculty, and student happenings was apparent immediately. We shall do our bestto honor Deborah by maintaining her high standards in the uture.


5/52

spring 2012 DiviDEN

1 What keeps ou up at nght? Email and conerencecalls with clients and colleagues in Japan.

2 Whats a recent book oue read? Ken FolletsFall of Giants. Hal the books on my Nook are

historical novels.

3 Whats the frst album ou eer bought? I willdate mysel here. I think it was a Kingston Trio

album on black vinyl. (My granddaughters cantgure out how it would ever t into an iPod.)

4 One destnaton ou dream o but haentgotten to et? New Zealand.

5 Whats the most thrllng thng oueeer done? I was at Mission Control on July 8,2011, or the launch o Atlantis, the last space

shuttle mission.

6 Gult pleasure? I bought a boat but haventtaken enough time to really enjoy it.

7 Personal hero (and wh)? Neil Armstrong.He is the brightest, calmest, most humble, and

most competent person Ive ever met. When

you consider that the computing technology

he used was closer to an HP 12C calculator

than to your desktop PC, his moon landingwas truly remarkable.

8 Frst job? Short-order cook at a restaurantin a Sears store in Chicago.

9 How about our worst job? Cleaning cagesand eeding the monkeys in the U-M pysch

lab or one semester.

10 Unulflled wsh? To really retire.

11 What s one thng ou learned n busnesschool that oull neer orget? Do notprocrastinate on important decisions. Leader

is knowing when you have enough inormati

and recognizing you will never know everyth

12 Best busness decson? To leave IBM ate20 years and go to Boeing.

13 Most mportant room n our home?

My workshop. Making sawdust is relaxing.14 Frst webste ou access n the mornng?

Quicken stock quotes, then email.

15 Faorte comort ood? Spaghetti.16 Faorte lne rom a moe? Go ahead.

Make my day. Clint Eastwood as Harry

Callahan inSudden Impact.

17 Three people, lng or dead, oud haeoer to dnner? George Washington, AbraLincoln, and Ronald Reagan to discuss how

our democracy is supposed to work.

18 Best troph/award ou eer won? Gettin

my BBA and MBA at Michigan and becomithe rst member o my amily to graduate

rom college.

19 i ou could read anones mnd, whosewould t be? President Obamas.

20 What dd ou want to be when ou were aI wrote a story when I was 10 or 11 where I said

wanted to be a businessman and carry a briec

2QTwenty Questions wi

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6/52


1 What keeps ou up at nght? The undergradson my block.

2 Whats a recent book oue read?Cradle to Cradleby William McDonough and Michael Braungart.

3 Frst album/CD ou bought? Beethovens pianosonatas. I was learning to play Pathetique at the time.

4 Whats the most thrllng thng oue eer done? I rode horseback across Mongolia to work two aidestations or the Sunrise to Sunset eco-ultra marathon.

5 Personal hero (and wh)? Gilbert White.

He won National Geographics Hubbard Medal,was Haverords youngest president, establishedWWII aid to French orphanages, and argued withPresident Hoover about food control. He alsomarried my parents; taught me how to count; anddisplayed courage, generosity, and a marveloussense o humor in everything he did.

6 Frst job? Production intern at a design company.

7 Best busness decson? Running a housepainting company in college.

8 What adce would ou ge to oursel10 ears ago? Dont take the easy way outjust because its easy.

9 The one thng oue learned n busnessschool that oull neer orget? I always want tosurround mysel with high-caliber, positive people.

10 Frst webste ou access n the mornng?Gmail, ollowed by BBC News.

11 Faorte comort ood? Bacon and eggbreakast burritos with a large helping o salsa.

12 i ou had a theme song, what would t be?Hang with Me by Robyn.

13 Faorte lne rom a moe? Stop looking atme, swan. Adam Sandler as Billy Madisonin Billy Madison.

14 Unulflled wsh? More hours in every day.

15 Three people, lng or dead, oud hae to dnner? My grandmother, Auguste Escoand Ellen DeGeneres especially i Escoecooked and Ellen and my grandmother told s

16 Best troph/award ou eer won? Clincthe gold or the USA encing team with a 3victory over Mexico at the Pan American G

17 What dd ou want to be when ou were aA reghter, a cartoonist, and an Olympic swi

18 i ou were applng to Mchgan Ross

agan, what adce would ou ge ouDont bother nishing those other applicatRoss is reallywhere you want to go.

19 Where would ou retre? Somewhere nethe water with great local ood, lots o greeand plenty o laughing people.

20 What are ou arad o? No longer viewilie as an adventure.

1 What keeps ou up at nght? I its not classprep, its my teenage daughters.

2 Whats the frst album ou eer bought?The Monkees.

3 One destnaton ou dream o but haent gottento et? Lizard Island (on the Great Barrier Ree).

4 Whats the most adenturous thng oueeer done? I strummed Bruce Springsteens guitarat a concert while he was playing Born to Run.

5 Gult pleasure? Going to concerts (especiallySpringsteens).

6 Personal hero (and wh)? My mom. Shenever strayed rom her values. She raised sevendaughters and endured a debilitating illnessor three decades, yet never ailed to bringout the best in everyone around her.

7 Frst job? Frosting and lling Dunkin Donuts.

8 How about our worst job? The closingshit behind the counter at the movie theater.Cleaning the popcorn machine is a messy job.

9 What s one thng ou learned n busnessschool that oull neer orget? Debits mustequal credits.

10 Best busness decson? Buying property in Hawaii.11 Most mportant room n our home? The

kitchen. Great conversation happens there.12 Frst webste ou access n the mornng?

Backstreets.com.

13 Faorte comort ood? Dark chocolate.14 i ou had a ree hour to do anthng oucould, what would t be? Have my picturetaken with Bruce Springsteen.

15 Best troph/award ou eer won? A meritscholarship or my undergraduate education.

17 Whats on our Pod? Besides everythingSpringsteen has recorded, Elvis Presley, JimBuett, John Mellencamp, Bob Seger, BrotBonnie Raitt, Carole King, Olomana, BrunoKelly Clarkson, Adele, Aretha Franklin

18 Faorte lne rom a moe? Well alwayhave Paris. Humphrey Bogart as Rick Bla

in Casablanca.19 Three people, lng or dead, oud haoer to dnner? My mom, Bruce Springsteand President Obama.

20 i ou could read anones mnd, whoswould t be? My teenage daughters (I th

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16 Unulflled wsh? Having my picttaken with Bruce Springsteen(pictured here with a wax version).


7/52

Calirnia, Here We CmeExECuTIvE MBA PRoGRAM oPENS IN LoS ANGELES

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8/52


Caches in the Classrm:Applying Sprts Leadership t Bsiness

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{TaPPan&Hill}

SEGAL FAMiLy ENDOWS BBA SCHOLARSHiP FUNDUniversity o Michigan alumnus Merton Segal, AB 50and his wie, Beerl Segal, recently established the Merton and Beverly Segal Family Scholarship Fund with a$1 million endowment to support southeast Michigan BBA students who demonstrate nancial need. A portion o the

Segals git was used or capital and operating expenses at Michigan Ross. In all 2011 the Segals visited the Michigan

Ross campus to name the Merton and Beverly Segal Family Group Study Room. Pictured rom let: Lnn Perr Wooten

associate dean o undergraduate programs and clinical associate proessor o strategy and management and organizations

Mert Segal, Beverly Segal, Carol Segal-Zeck, BFA 79, Laura Segal, BFA 83, and Dean Alson Das-Blake.

BBA prraExas nubers,

Eaes curruu

Innovation in the BBA Program is a top

priority or Deana Dv-bk, supported

by a recent Carnegie Foundation report citing

business as one o the most popular under-graduate majors, at 21 percent nationally.

Potential curriculum changes include an

introductory course to open the core, with

an intensive capstone at the conclusion. The

BBA Faculty Committee also is considering

ways to allow students to study abroad

or a semester. In addition, the committee

designed a minor or non-Michigan Ross

students that could begin in 2013.

Our goal is to ensure a transormational

experience or our BBA students, says ly

Prry Wt, associate dean o under-graduate programs and clinical associate

proessor o strategy and management and

organizations. Her team includes Pu Krh

managing director o the BBA Program, and

Wm Pr, director o BBA admissions.

Admission to the three-year program is

extremely competitive. This all, the incoming

class will grow by an additional 80 students,

or a total class o 500. Preerred admission,

where students apply directly rom high

school and begin the program as sophomores

remains highly selective. The 2010 preerred

admission process saw 1,283 applicants or 110

spots, with an average high school GPA o

3.9. Ninety-nine o those students entered the

BBA Program the ollowing all, and their

U-M GPA was 3.6. Last year, regular admission

applicants totaled 1,053 or 322 spots. Their

average reshman GPA at U-M was 3.6.

Were confdent we can increase the

size o the BBA Program and maintain our

current level o quality, says Wooten.


9/52


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Grpn C-Fnder: EntreprenersMatter Nw Mre Than Eer

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As an entrepreneur and venture capitalist,

Michigan Gov. Rk sydr, bGs 77/Mba 79/

JD 82, knows frsthand the value created byconnecting the U.S and India. Hes anxious to

strengthen ties between the worlds two largest

democracies but worries that artifcial, not national,

boundaries are getting in the way.

I you look at the uture o human and business

relationships across the globe, youre seeing those

boundaries grow, Snyder said in his keynote

address at the 2011 India Business Conerence.

Thats backward.

Theres too much or each nation to gain

economically, culturally, and educationally to let

that happen, he said. The success o this world is

about making those boundaries dissolve.

Ambassador nrupm R agreed. The

U.S. and India share many common concerns,

rom political issues like security and terrorism to

socioeconomic imperatives like jobs and human

development.

When we talk about partnership and coopera-

tion, its about energy, health, education, science,

technology, and business, noted the Indian envoy

to the U.S. This partnership is about making

a dierence in peoples lives.

Rao encouraged business students to look

East, reminding them that Indias GDP has grownsteadily at about eight to 10 percent per year.

Opportunities or business development abound

as the country looks to grow inrastructure and

spark innovation in clean energy, agriculture,

communication, and health.

I think we need a rediscovery o India, she said.

HAiL TO THE viCTORSOne benet o serving as chairman,

president, and CEO o the Allstate Corp.

and Allstate Insurance Co. is hosting the

Allstate Sugar Bowl each year. For Tom

Wlson, BBA 79, (let), the 2012 game

was particularly thrilling, as he watchedhis own Michigan Wolverines conquer

Virginia Tech. Wilson is pictured here

with ESPN personality Chrs Fowler as

he delivers the trophy to Michigan Head

Football Coach Brad Hoke.

Bad Keywell,BBA 91/JD 93

bottomright:photo

byjameskim,courtesyofallstate

Mcha gov. rck syde,Bgs 77/MBA 79/JD 82,ad rahu Medu, MBA 81


10/52


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In 2009, with the U.S. auto industry

reeling amid a severe recession, some

questioned whether an ailing Chrysler

Group was worth saving. CEO srgMrh, whod previously

engineered Fiats comeback, wasnt

cowed by public opinion. He saw

value in Chrysler just as he had in

Fiat years beore.

The people o Fiat and Chrysler

come rom dierent paths and

dierent parts o the world, but they

have one thing in common, Marchionne

recently told a packed audience in Blau

Auditorium. Both have been to hell

and back.

My colleagues and I are survivors,

he continued. The tough decisions

we make at Fiat and Chrysler today

are inormed by the experience o

near-extinction.

Chrysler emerged rom an orderly

Chapter 11 in 2009 thanks to govern-

ment loans; Fiats ownership stake;

and sacrifces made by employees,

creditors, and lenders.

But the speed and depth o Chrysler

turnaround surprised nearly everyone.

Thats partly due to the tools Fiatprovided Chrysler via the merger, such

as technology and quality small-car

architectures. Its also due, in part, to

Chryslers new senior leadership.

It took a earless team to bring

about such a remarkable result,

Marchionne said.

{TaPPan&Hill}

Chyle gou CEOseo Machoe


11/52


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Embracing MLKs Dangers unselshness

PRivATE EqUiTy POST-OP

Three years removed rom the 2008 nancial

crisis, the private equity world is shaking out by

way o natural selection, according to industry

leaders at the Michigan Private Equity

Conerence in October.

The industry is in the refective phase

ater the heart attack, said Stewart Kohl,

co-CEO o New York-based the Riverside Co.

He keynoted the co nerence, presented by

the Samuel Zell and Robert H. Lurie Institute

or Entrepreneurial Studies and the Center or

Venture Capital and Private Equity Finance.

There are zombie private equity groups

among us who wont be able to raise their next

und, he said. Capital is going to gravitate

to those who have done an outstanding job

managing through the recession.

In January Dad Broph, director o

the Oce or the Study o Private Equity

Finance at Michigan Ross, weighed in on the

attacks waged against presidential hopeul

Mtt Romne or his longtime role at Bain

Capital. The publics negative image o privateequity reveals a lack o understanding about

the industry, Brophy said. I you deny the

undamentals o private equity, you deny

the value o the endogenous growth model

that is at the core o what we believe in

the United States.

Break Tru cate cae

The buildup o heat-trapping emissions rom burning ossil uels and clearing orests is

changing the climate, posing risks to our well-being. Thats the conclusion o the U.S.

National Academy o Sciences, the worlds leading scientifc societies, and the overwhelming

majority o practicing climate scientists.

Proessorady Hm cited this during a January town hall to raise the quality o

debate around climate change. We have a scientifc consensus on climate change, but

we do not have a social consensus. Why is that? Homan asked o the scientists, religious

leaders, politicians, social scientists, and students who attended the event, presented

by the Frederick A. and Barbara M. Erb Institute or Global Sustainable Enterprise.

Homan was joined by stv Pry, Mba 72, retired CEO o BP America and now

director o Omnova Solutions Inc., who said the market seems to have accepted the reality

o climate change, making the ongoing debate eel like old news. Its hard to fnd a major

corporation now that doesnt have a program around climate change, he said.

So why do other sectors in society remain unconvinced? Homan, director o the Erb Institute

and the Holcim (U.S.) Proessor o Global Sustainable Enterprise, cites lack o knowledge about

the scientifc process and a mistrust o science in general. Human nature plays a part as well.

We orm an opinion, then look or evidence instead o the other way around, Homan said

b ig, a ormer Republican congressman rom South Carolina, also participated

in the town hall. He initially dismissed climate change as a bunch o nonsense. Then

two things happened: His son reached voting age and told him to clean up his act on the

environment. And Inglis became a member o the House Subcommittee on Energy and

Environment, where he accessed extensive data and traveled to Antarctica. Hes now

seeking a conservative solution to energy and the environment.Panelist sy bghm, an Episcopal priest and president o Interaith Power and Light,

ramed climate change in moral terms. I you love your neighbor, you dont pollute your

neighbors air and water, she said.

Hearing dierent perspectives illuminates ways to better communicate acts about

climate change, Homan concluded. You have to understand your audience and rame

it in a way they will understand.

Fome Wahto, D.C.,mayo Ada Fety


12/52


Zell Lrie C-Fnder FndsEntreprenerial Law Prgram

Mch r bc-

Sam Ze, AB 63/JD

66/HllD 05, h

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DiD SOMEONE SAy,BUFFETT RULE?Evening MBA student Amt

Kulkarn, MBA 12, squares owith billionaire Warren Buett

during the Entrepreneur and

Venture Clubs visit to the Oracle

o Omahas Berkshire Hathaway

headquarters. Hes surprisingly

strong, Kulkarni says.

T mayebe, BBA 84,Fus prra fr

Stuet Etrereeurs

Underscoring its mission to create courses

and programs that help students develop

entrepreneurial skills, the Samuel Zell and

Robert H. Lurie Institute or Entrepreneurial

Studies recently launched the Mayleben

Family Venture Shaping Program. Aastrom

Biosciences CEO/President Tm My,

bba 84, and his wie, Dw My,

established the grant program to help

students gain the practical skills and experi-

ence to shape identifed opportunities into

successul ventures.Were excited to be a bigger part o

the Zell Lurie Institute, Michigan Ross, and

the University, says Mayleben. Dawn and

I frmly believe in the power o action-based

learning and entrepreneurial education.

Were confdent the Venture Shaping

Program will provide the ramework and

resources needed to turn some o the worlds

most promising business visions into reality.

The program ocuses on the earliest

stages o business ormation, says Tm Fy,

managing director o the Zell Lurie Institute.

Product designers oten ollow a design-

build-test model, but a business is too

expensive to build beore testing, he notes.

For this reason, the institute encourages

and teaches students to ollow a design-test-

build model that will set them up or success

or encourage them to move on i the idea is

not a realistic business.

Student entrepreneurs will engage in an

iterative process, including directed discovery,

value system synthesis, and profting rom

capabilities (PFC) ramework evaluation.

The goal is to emerge with a clear descriptiono a commercially viable business that responds

to a validated market need. Judges will

determine whether teams earn cash prizes

to invest in urther business development.

Dea Alo Dav-Blake adsam Zell, AB 63/JD 66/HLLD 05.

{TaPPan&Hill}


13/52


Mch r d m h d jkd h

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one Mans Seatbelt is Anthers Sstainable Sandal

Tak te cekere Fa fr Teawrk

The best racing teams

need more than a ast engine

and skilled pit crew to win a

race. Teamwork is essential

in order to earn the

checkered ag.

Business and engineering

students in the Tauber Insti-

tute or Global Operations

got that message loud and

clear this January during the

seventh-annual Stock Car

Pit Crew Challenge. Its just one o several unique teambuilding exercises the institute

organizes to prepare students or action-based consulting projects at frms like the

Boeing Co., Cisco Systems Inc., and Ford Motor Co.

Racing to remove, rotate, and reattach 75-pound ront and rear tires in the Stock

Car Pit Crew Challenge helps students understand the need or shared vision,

eective strategy, and clear understanding o roles and responsibilities.

This is the only college group we do this challenge with, and we fnd the students

are more enthusiastic and serious about winning than our corporate clients, saysb evr, ormer NASCAR driver and member o the Stock Car Pit Crew

Challenge team.

That enthusiasm and drive resonate throughout the summer as Tauber Institute

student teams spend 14 weeks inside frms, resolving actual operations challenges and

saving millions or participating sponsors. Projected savings over a three-year period

totaled $601 million in 2011, or an average o $18 million per project sponsor.

SHiFTiNG THE CONvERSATiONABOUT DETROiTWhen you considerDetroit, there is no better laboratory in this country

right now or seeing how government, civil society,

and the private sector can work together to create

economic revitalization, says Dean Alson Das-

Blake o the undeniable momentum around SHIFT:

Detroit, presented in January by the Revitalization

and Business Initiative at Michigan Ross.

More than 350 participants attended the second-

annual event. Its goal is to enlighten University o

Michigan students about ways they can contribute to

and benet rom the vital asset that is Detroit, says

R&B Initiative Co-president Grant Hughes, MBA/

MS 13. For two days, the student-run organization

hosted local entrepreneurs, real estate developers,

business leaders, artists, and social entrepreneurs

who shared ideas and success stories about the citys

emerging renaissance.

Presentations by Quicken Loans CEO Dan

Glbert, Compuware CEO Bob Paul, and Team

Detroit Chie Creative Ocer Tob Barlow olloweda common theme: There is no better time or

ambitious, energetic young leaders to take part in

Detroits economic renewal.

The message clearly resonated with Michigan Ros

students. The conerence completely changed my

view o Detroit, says Tan Banken, MBA 12.

Taube ittute tudettook teamwok to vctoy

lae the stock Capt Cew Challee.

studet o the Tead Moto Cty sadal team ae tu ecycled matealto job ootute fo Detot homele.


14/52


Faclty Appintments, Acclades, and Awards

ANDy HOFFMAN c

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Aging Consumer: Perspectives from

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{TaPPan&Hill}>>> Stuetscte TeaExeeeRecipients the Neary

Teaching Ecellence

Awards are presented

annally at Spring

Cmmencement. Awa

stipends are madepssible by the gener

Rrt D. nry,

bba 55, and J e.

nry, ab 54.

The Eectie MBA

Teaching Ecellence

Award went t Hyu-s

ah, assciate press

peratins and

management science.

The MBA and Eening

MBA Teaching Ecelle

Awards were presented

Gutm ahuj, Hare

C. Freha Pressr

Bsiness Administrati

pressr strategy,

and chair strategy.

Jm Dsmpr,

lectrer accnting,

was presented with

the MAcc Teaching

Ecellence Award.

The inagral Weeken

MBA Teaching EcelleAward went ta

Kr, assciate

pressr strategy.

Put Mhd,

Isadre and Len

Winkelman Pressr

Marketing and chair

marketing, receied

the Glbal MBA Teach

Ecellence Award.

The PhD Teaching

Ecellence award was gi

t Udy Rj, assciatpressr nance.

The BBA Teaching

Ecellence Award went

t nd smth, assistan

pressr strategy.


15/52


...

J d ck dc m d xc.th mch dd h .CHRiSTiE NORDHiELM, clinical associate proessor

o business administration, on a global ad

campaign to convey the Jaguar brand is alive.

The New York Times, Feb. 12, 2012

...

Cm d mm m j

cm h h x m,b h mk cmx hb d.JOEL SLEMROD, Paul W. McCracken Collegiate

Proessor o Business Economics and Public

Policy, arguing that a simpler tax code would

make good scal sense.

NPRs Morning Edition, March 9, 2012

Thght in Actin

You have to have different rules, like wewi have women onthe short list, but you also have to have a welcoming climate.

You have to have women in positions of visibility. You have to overcombarriers that may be related to ones personal life. You have to doall those things to really break through.ALiSON DAviS-BLAKE, Edward J. Frey Dean and Leon Festinger Collegiate Proessor o Management, on clearing the way or women to ascend

to senior management. Financial Times, Jan. 30, 2012

SCOTT RiCK, Arnold M. & Linda

T. Jacob Assistant Proessor

o Marketing, noting people

satised with their own attitudes

on nancial management usually nd a spouse

who shares their values.

The Baltimore Sun, Feb. 14, 2012

wh h cmh hh ccmc m ddbd h d

mh hk h hm d .

ERiK GORDON, clinical assistant proessor o

entrepreneurial studies, on a study that shows

greed corrupts ethics.

Bloomberg Television, Feb. 28, 2012

...

i 2010 i b, i cd dh.i 2011 i cd.i m h dm.

i b m m,d h m d .DAviD BROPHy, director o the Oce or the

Study o Private Equity Finance and associate

proessor o nance, on a growing M&A trend

where cross-border deals, particularly in

Michigan, are becoming more routine.

Crains Detroit Business, Jan. 29, 2012

...

rcd- m d ccmmd mc h

h h mk ddc d h d h.DENNiS CAPOZZA, Dykema Proessor o Business

Administration and proessor o nance and

real estate, on mortgage deault risk dropping

to its lowest level in seven years.

upi.com, March 5, 2012

th cm db d d cchm. w b c d h d

b hm. i b d.ANDy HOFFMAN, Holcim (U.S.) Proessor o

Sustainable Enterprise, proessor o managem

and organizations, and director o the Erb Ins

or Global Sustainable Enterprise, on the need

to rerame the climate change debate.

San Francisco Chronicle, Feb. 5, 2012

...

i cbk h $100 bC h k

cd h m m c mh h d c h c b d.PETER ADRiAENS, proessor o entrepreneurial s

on Facebooks February IPO ling to raise $5 bill

Forbes, Feb. 2, 2012

Empoees who eperienitait spark energ inthemsees and others.Companies generate

itait b giing peopethe sense that what thecan do on a dai basismakes a difference.GRETCHEN SPREiTZER, proessor o

management and organizations, on

creating a thriving workorce.

Vancouver Sun, Jan. 20, 2012

quote/unquote

We te tarry urseves.


16/52


{Thght in Actin}faculty research

DIvIDEND: What shoud ou think

about before ou start negotiating?

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n. th d k m d b chm h. D h m, mm dz Shiri Kopeman d Jeffre Sanchez-Burks.

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netat fr pstve ResutsEperts er tips t step away rm that table and bild swit trst

5 netat n-ns

1 aumg thr wy gttg t. We seekagreements and resle cnficts

in an array settings.

2 bvg tht mkg thfrt r put yu t ddvtg.Ample eidenceshatters this persistent miscncepti

3 Thkg yu hv t rmmt-r.Displaying theright emtin at the right time can

make all the dierence.

4 Vwg gtt mptt.virtally all deals

any sbstance entail bth cmpetitiand cperatie cmpnents.

5 ovrmptg rutur dr. Sccessllws thse wh are attned t

sbtle cltral ces. Bt remain ale

t when the ther side is adjsting

yr cltre; therwise yr bw wil

be met with an awkward handshake.

Watch a ide interiew atwww.u.umh.du/vd/gttg.


17/52

www.d.u.umh.du734-763-1000

leaers a Best: W te leaers gaeJin Michigan Rss tp leadership aclty and renwned u-M caches tballs brdyHk, basketballs Jh b, and stballs cr Huth r an etrardinary lkint what it takes t lead trnarnds and transrmatins, mtiate and inspire tp perrmers,

challenge erce cmpetitrs, and prdce winning reslts n matter the circmstances.

Enrll in a Michigan RssEectie Edcatin Prgram

nPR

UPcoMinG PRoGRaMs nexT oFFeRinG

Ptv ldrhp: Leading Psitie Change Jne 10-15, 2012

ldr d bt: Winning the Leadership Game Jne 24-29, 2012

advd Hum Rur eutv Prgrm Jly 9-20, 2012

Thry d Prt ivtr Rt Ag. 12-17, 2012

strtg Hum Rur Pg Sept. 24-28, 2012

emrgg ldr Prgrm oct. 1-5, 2012

bu aum r Hgh-Ptt eutv oct. 16-25, 2012

ngttg r Ptv Rut N. 6-9, 2012

ldg Hgh-Prrmg Tm N. 12-14, 2012

Mgmt Mgr N. 12-16, 2012

Th Mhg R eutv Prgrm April 28 May 17, 2013


18/52


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19/52

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20/52

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21/52

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22/52

20 DiviDEND SPRiNG2012

Go Blue, Go AnywhereD a v i D M a r t Z , M B a 9 9 , a n D J a y l u r i e , B B a 0 2 ,

s C a l e n e w H e i g H t s o n a n i C p r o J e C t i n B H u t a n

{By Amy Spooner}


23/52


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24/52

22 DiviDEND SPRiNG2012

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W H E R E I N T H E W O R l D I S B H U T A N ?

national lag:


25/52


WRiTing

plAYBooKBess Barnes, BBA 02, Scres a Career Win at ESPN

By Amy Spooner // phoTo By Joe FArAoni, eSpn


26/52


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27/52


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28/52

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araB eMirates roM tHe CoCKpit o His -22 raptor Jet, He was

running tHrougH CHeCKlists anD evaluating ContingenCy plans.


29/52

A WEEK IN

THE LIFE

Monday 6 Feb

8:30 a.m.Sta meeting. Reiew pdates andactiities re: systems testing.

10 a.m.By cee r cwrker. I lst ariendly wager n the Sper Bwl.

11:15 a.m. - 4 p.m.Cngressinal briengs n the F-22,F-35, KC-46, and MQ-9. Theseprgrams will be cntentis inthe pcming bdget discssins.

5:55 p.m.Arrie hme. Great t see mywie and daghters.

7 p.m.Swimming lessns. Im a gdathlete bt a terrible swimmer.

Tuesday 7 Feb

7:30 a.m.Reiew reprt n testing new srace-t-air missile system.Testing is being halted n thissystem. Were priding recm-mendatins i the prgram isresmed and accnting rhw the mney was spent.

9 a.m.Lead meeting with engineers rmInstitte r Deense Analysis.

10 a.m. - 2 p.m.Write reprt n new air missiledeense system.

2 p.m.G t pl. Still bad at swimming.

4 p.m.Telecnerence. Lk atmethds aircrews can se in

certain cmbat sitatins tincrease their chances srial.

8 p.m.Write letter t Mm. Shes na Flbright schlarship teachingplitical science in Mnglia.I am s prd her; she is lessthan si mnths remed rma breast cancer diagnsis anda mastectmy.


30/52

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7:30 a.m.Check email. Great news. TwF-22 pilts wh had wrked r mewere accepted int the Air Frcestest pilt schl. Bth may be ntrack t becme astrnats.

8 a.m. - 4 p.m.Write reprt n new air missiledeense system. Send it t my

bss at 4:19.

Thursday 9 Feb

8 a.m.Meet with my bss, the directr peratinal test and ealatin.Discss a missile system in testing.Whether this system gets rthertested, delayed, r canceled willhae hge implicatins r themilitary and the cntractr.

11 a.m.Plan isit t testing sites in Flrida.

7 p.m.Leae r Langley Air Frce Basein virginia.

Friday 10 Feb

8 a.m.Meet with Air Cmbat Cmmandabt QF-16. This new drne isbeing deelped t help test missilesystems bere they g int cmbat.

11:30 a.m.Attend 94th Flight Sqadrn

Change Cmmand Ceremny.As a rmer sqad cmmander this nit, its ehilarating andmeaningl t see my sccessrpass the trch t a new pilt.

1 p.m.Meet with Air Cmbat Cmmandpersnnel. Discss the perr-mance testing actiities andlearn srey reslts rm theairmen and sldiers sing themin the eld.

3 p.m.Gd news. Receie details asccessl missile test in Flrida.This means Ill lead a team engineers t analyze the testand determine net steps.

6:30 p.m.Hme r the weekend. I bringthe amilys arite pizza, andwe all hae dinner tgether smething Ie rarely been ablet d in preis assignments.

Fly a F-22 rato aveLace plch, MBA 06, a

old oud mltayvetmet tatey.


31/52

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32/52


Gopal SrinivaSan, MBa 83, andraGhu Mendu, MBa 81, deployventure capital to Spark innovativGrowth coMpanieS in india

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33/52


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35/52


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36/52


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aumav alumni map

Map: i n J sd amCHICAGo AND L.A. ALuMNI ENGAGE WITH THEIR

CoMMuNITIES uSING MAP AS A MoDEL

Most Michigan Ross MBAs say theyll

never orget their Multidisciplinary ActionProject (MAP). But the Chicago and Los

Angeles alumni clubs prove it. Both are using

MAP principles to improve their communities

through Chicagos Alumni MAP (A-MAP)

and L.A.s MAP-in-a-Day.

Since 2009 the Chicago club has partnered

with the Taproot Foundation, a national orga-

nization that matches business proessionals

with nonprofts needing their expertise. It

recently began its ourth Taproot collabora-

tion, helping Ballet Chicago develop a brand

strategy and marketing materials.Because Taproot requires a multi-month

commitment, alumni gain a rich experience,

says Hugh Jdw, Mba 04. He championed

the clubs Nonproft Initiative (now A-MAP)

rom its inception. Since then, more than

a dozen alumni have participated.

People want to have a bigger impact

than just racking up man-hours at dierent

projects, Jedwill says. This model lets us do

the same deep dive we did or MAP and use

our skills to better a nonproft cause.

Alumni arent the only ones rolling up their

sleeves at Ballet Chicago. This spring theorganization hosted its frst Michigan Ross

student MAP team. Alumni acted as mentors

or the students and also gave them a Windy

City welcome.

Getting the student MAP team makes a

statement about the leadership o Ross in our

community, Jedwill says. Additionally,

students see the strength o our network,

while alumni meet current students and reect

on the value o their own time on campus.

It osters deeper connections all around.

Meanwhile, the L.A. club developed amodel to encourage members to volunteer

despite their busy schedules. Our alumni

wanted to do something tactical and brie,

says presidentadrw buhmp, Mba 00.

I am so proud o how this team persevered to

fnd a partner that could beneft rom this vision.

The L.A. team, led by R nrd, Mba 06,er Grhm, Mba 09, and Krmh

(Mm) Kw, Mba 05, ultimately

signed on with Schools on Wheels, a tutoring

service or homeless children. Over the

course o a day, the team recommended how

to improve the nonprofts approach to donor

solicitation and volunteer recruitment.

It was classic Michigan teamwork in action,

Knowles says. We immediately fgured out

our specialties and divided into subteams

to attack the problem.

MAP-in-a-Day also provided a new way

or club members to engage with each other.Theres something signifcant about getting

your hands dirty and working through business

challenges that bonds a group together in

a way social events dont, says Graham.

But Nordin stresses the end o the day

wasnt the end o the story.

We didnt want them to say, Thats

wonderul, and be done, he says. We want

to know the results and will ollow up to see

the impact we made.

Based on the success o the frst eort, the

club is planning additional projects this year.And regardless o the approach, club MAP

projects add value, says Chicago president

Yhud ch, Mba 83.

Part o the Ross culture is to give back,

he says. Now we have a new way to use our

collective talents to do so. Amy Spooner

is

Scan the QRC r links Andrid Market and Ap

iTnes App Stre. Searcr Rss Schl BsiDiidend Almni Magaz

www.u.umh.du/dvdd

or ree app deliers yalmni magazine in a ricmltimedia rmat tailr

t yr liestyle.

Class Ntes

Almni Featres

Clb News and Phts

Camps updates

Archied Back Isses

Read Dividendn ytablet r mbile de

The L.A. MAP-in-a-Day team celebrates its work withSchools on Wheels.

Fllw Ballet Chicags almni and stdent MAP teams: http://rhg.wrdpr.m.


38/52


5

7

HAnn Arbor1-6 Michigan Ross alumni and riends gathered in the Davidson Winter G

Oct. 29 or the 2011 Reunion Tailgate. Participants enjoyed plenty o mand blue camaraderie as they geared up or the Wolverines win over P

HBeijing7 Alumni and riends celebrated the holiday season at a Dec. 17 party

at the R&F Club.8 Max Zhang, MBA 07, Kun yang, MBA 07, Ka Hu, MBA 07,

and Albert Jang, MBA 07, enjoyed a mini class reunion.9 Sean Lu, MBA 08, and Xn Shen, MBA 08, talked up Michigan

Ross to a uture admit.10 New alums Suzanne Sh, MBA 11, and Stephen L, MBA 11,

connected with the Michigan Ross network.

1

2

4

9 10

reunion & club events{aum av}

>>> Joi th Michiga Ross Alumi-Studt Mtor ntork D y hae an interest in mentMichigan Rss stdents? Jin the Rss Schl Bsiness Almni Grp n LinkedIn and sign p r the sbgrp titled

Almni-Stdent Mentr Netwrk. Enhance yr wn netwrk as y share career adice, jb search strategies, and ther


39/52


HBuenos Aires1 Alumni and current Michigan Ross students studying at la Universidad Argentina de la Empresa gathered Feb. 7:

A.J. Watson, MBA 12, Gustao Orrllo, MBA 04, Ncols Castagnno, MBA 00, Rauel Aralo, MBA 88,Marcos Portaro, MBA 02, Fernando Pardo, MBA 95, Bethan Tong, MBA 12, and Selena Salazar, MBA 12.

HLondon2 Rchard Baudn, MBA 03, Aaron Harrs, MBA/MS 06, Ruth Goss, Mchael Goss, MBA 02,

Gene Boaro, MBA 03, Wnston Meer, MBA 02, Sham Pawar, MBA 07, Aman Dhllon, MBA 10,and Olga Galenko, MBA 07, toasted the holidays Dec. 14 at Delno.

HChicago3 Alumni rom Michigan Ross and the Kellogg School o Management mingled at a Feb. 24 networking lunch.

HMumbai4 Praeen Suthrum, MBA 04, chatted with Krshnan Srnasan, ormer India oreign secretary,

during Octobers University o Michigan India Business Conerence.5 Raghu Mendu, MBA 81, Bharat Gondalur, MBA 02, and Ranjt Shah, MBA 81, chatted

during a break in the activities.

for officiagear and app

&

Michigan Ross has partne

M-Den, the ofcial merch

retailer o Michigan Athto provide a wide select

Michigan Ross-branded g

University o Michigan a

Be sure to visit Ross Marlocated in the lobb

the Executive LearnConerence Center, or sh

at www.rossmarketplac

1

3

2

54


40/52


HNew York1 Tan Putman, MBA 09, Tana Perk

MBA/MPP 09, Erc yae, BS 01/MBAand Ojas Desa, MBA 08, welcomed recgrads to the Big Apple during a Septembe

happy hour at Village Pourhouse.2 Rebecca Bucklen, Raj Snghal, MBA 00

Sarah Endlne, BBA 94, and Cecl ShepMBA 00, dished on lie in NYC with RodrFernandes, MBA 11 (second rom right).

3 Michigan Ross grads hit the court or someserve-and-volley action during NovembersAlumni Tennis Night.

HSo Paulo4 Samantha Ploncznsk de Albuueru

MBA 11, Aleu (Ales) Pnto, MBA 09and Rauel Nadaln, MBA 10, enjoyeddinner ollowing a Sept. 26 presentation by

Proessor venkat Ramaswam.

HTaiwan5 Michigan Ross alumni (and a sleepy uture

Wolverine) gathered in Taipei Oct. 29 todemonstrate their Go Blue spirit.

HWashington, D.C.6 Adam Borden, MBA 05, Meredth Bor

and Eml Neubg, MBA 10, celebrated Club o the Year award at Cowgirl Creameand Co Co Sala Feb. 4.

7 Steen LaFemna, MBA 10, veronca BEml Neubg, MBA 10, Kara Honecut

MBA 11, and Dan Zohn toasted D.C.s vict8 Shannon Ross, MBA 09, George CarusBBA 71, and Jans Caruso channeled theinner romager.

9 Crus Nezhad, BBA 99/JD 02 , andChrs Mchelsen, MBA 10, sampled thedelicacies and shared a laugh.

club events{aum av}

1

4

7

>>> market yurseft thsands tp glbal emplyers thrgh a partnershipbetween Michigan Rss and the nline recriting tl MBA Fcs. using the MichiganRss almni resme database and jb bard, MBA grads can display a resme andstreamlined prle t mre than 2,500 tp recriters, as well as hndreds rms thatacqire Michigan Rss nline resme bks thrgh MBA Fcs. Its qick, easy, and ree.www.u.umh.du/ummmuty/umrrrv

2

5

6 7

8 9


41/52

alumni updatescn


J.D. Calo, MBA 95, aywok fo roe peke a lot

lke lay fo Bo schembechle.

Gregory Curtner, BBA 67/JD 70, joined SchiHardin LLP, leading the frms antitrust and

trade regulation practice. He is based in

Ann Arbor and New York. Greg requently

serves as lead counsel in nationwide anti-

trust disputes and class actions. A ormer

chairman o the antitrust section o the

State Bar o Michigan, he was a primary

drater o the Michigan Antitrust Reorm

Act. Greg previously was a principal at

Miller Canfeld in Ann Arbor.

Eric Flamholtz, PhD 69, recently co-authored Corporate Culture: The

Ultimate Strategic Asset(Stanord

University Press, 2011) with his wie/

business partner, Yv Rd.

Im convinced corporate culture

is the ultimate strategic asset

because it cant be copied, Eric

says. I handled incorrectly or

ignored altogether it morphs rom asset

to liability. Eric is a proessor emeritus at

UCLA Anderson School o Managementand president o Management Systems

Consulting Corp. in Los Angeles.

Michael Julien, BBA 73, retired rom GrandRapids, Mich.-based Meijer Inc. in February

ater 37 years o service, most recently as VP

o taxes. He now heads the new Meijer amily

ofce o Legacy Trust in Grand Rapids.

John Cook, BBA 76, is chairman o theboard o the Academy or Urban School

Leadership, which manages teacher training

academies in Chicago and oversees eorts

to turn around the citys chronically under-

perorming schools. John is director emeritus

o McKinsey and Co. He also serves on the

boards o Brown-Forman Corp. and Winona

Capital Management, and the deansadvisory board at Michigan Ross.

Richard Schmitt, BBA 77, published 401(k)Day Trading: The Art of Cashing In on a

Shaky Market in Minutes a Day(Wiley,

2011). The book oers do-it-yourselers

direction on trading and managing their

retirement accounts, while highlighting real

opportunities (some drawn rom U-M lore)

to earn better returns in a volatile market.

Rick is an adjunct proessor at the Edward

S. Ageno School o Business at GoldenGate University in San Francisco.

Larry Wood, MBA 78, received a two-yearappointment as treasurer o Aims Community

College in Greeley, Colo. He was elected to

a three-year term as a trustee last year. Larry

is executive VP o First National Bank, with

branches throughout northern Colorado. He

has been with First National or more than 26

years and in banking in Colorado since 1978.

Wendy Barth, MBA 80, an 11-year veteran oRich Products Corp. in Bualo, N.Y., has

been named senior VP o global marketing

She leads Richs headquarters-based

marketing team, which supports the Asia-

Pacifc, Latin America, Europe/Middle

East, and South Arica business regions.She also assumes global accountability

or the companys business intelligence,

branding, and social media strategies.

Additionally, Wendy chairs the U.S./Canada

regions marketing leadership team.

Elaine Crosby, BBA 80, is coordinator oJackson (Mich.) Area Catholic Schools.

She previously served on the board o

Symmetrics Marketing Corp. Elaine is a

ormer proessional goler, with two victories

on the LPGA tour. She also ounded thegol instruction site www.fndalesson.com.

Mark Levin, BBA 80, was promoted to ullproessor at the William S. Richardson

School o Law at the University o Hawaii

continued on p. 41

dav E.A. cars, BBA 55,receied a Dctr Hmane

Letters, honoris causa, rm Yale

uniersitys Berkeley Diinity Schl.

He was treasrer and a trstee

the schl rm 2002-11. Daid

is pictred receiing the hd

ce rm the very Re. Jph

brtt, dean and president

the diinity schl.

Jeffrey Jarrett, BBA 62, is in his 41st yearn the uniersity Rhde Island aclty. He

pblished eight manscripts in the past academic

year and plans t cntine teaching and research,

cpled with isits t etic places. Jerey als

lks rward t his 50th renin at u-M this all.

He is pictred with the wateralls in Cratias KrkaNatinal Park, which he isited as part a

smmer 2011 Adriatic Sea crise.

E paas, BBA 69/Jd 73, receied the Champin Jstice Award rm the State Bar Michigan r his adherence

t the highest principles and traditins the legal pressin,

sperir pressinal cmpetence, and etrardinary pres-

sinal accmplishment. He is chairman Dickinsn Wright

PLLC. Ed has athred r cathred aris pblicatins,

inclding the denitie treatise n Michigan Bsiness Trts,

Dividend SPR12

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