In This Issue:

 

Director's message: Alumnus to lead Cornell
This week marks the inauguration of Cornell University's 11th president, Jeffrey S. Lehman. President Lehman is the first Cornell graduate ever to serve as the university's president, having received his bachelor's degree in mathematics from the College of Arts & Sciences in 1977. President Lehman earned his J.D. from the University of Michigan Law School, where he was editor-in-chief of the Law Review, and later served as law clerk to Associate Justice John Paul Stevens of the U.S. Supreme Court. After practicing tax law with the Washington, DC, firm of Caplin & Drysdale, President Lehman joined the faculty of the University of Michigan Law School and later became that school's dean in 1994, a position he held until returning to Cornell to assume the university's presidency.

Members of the Johnson School community will be participating in the Academic Procession this Thursday, which will culminate in an inauguration ceremony featuring remarks by U.S. Supreme Court Associate Justice Ruth Bader Ginsburg, A.B. '54, followed by President Lehman's inaugural address. On Friday morning, President Lehman will give his first State of the University Address to an audience that will include the board of trustees and members of the University Council.

Whether you live here in Ithaca, or anywhere else in the world, you can view the Academic Procession, Inauguration, and State of the University Address by accessing a live webcast at the Cornell Inauguration web site. If you are interested in attending the Inauguration in person, please contact me so that I can arrange to get you a ticket, and then plan to be with us here in Sage Hall's Ramin Parlor at 3:30 p.m. following the ceremonies, when we will toast both our new president and the revival of the Johnson School Club of Ithaca.

I hope you will join us, either in person, or "virtually." We look forward to celebrating with you.

With thanks for your support,



Risa M. Mish '85, JD '88
Director, Alumni Relations

Useful Links:





































Save the Date!

Do you love Paris in the springtime?
If so, please plan to be with us at the Johnson School's 2004 European Symposium, March 25-26, 2004, in Paris, France for "US and Europe: Re-Gearing for Growth"
Want to join the Symposium Planning Committee?
Please contact Committee Chair Michel Danon, MBA '73.

Print Instructions
Under your file menu, choose print. In the print window, find and select landscape orientation (should be under options, layout, or preferences). This will not change your default printer settings.
Save the Date for Reunion 2004
June 10 -13, 2004
 

Report cites JS for significant social, environmental activity
In a report released October 8 by the Aspen Institute and the World Resources Institute (WRI), the Johnson School was recognized as one of nine schools in the U.S. and Canada demonstrating significant activity in preparing future executives with a solid training in environmental and social impact management. The report, Beyond Grey Pinstripes 2003: Preparing MBAs for Social and Environmental Stewardship, challenges business schools to better arm MBA students with skills critical for effective leadership in a changing world and includes data reported from 100 business schools in 20 countries. World Resources Institute is an environmental think tank that works to find practical ways to protect the earth and improve people's lives. For more than a decade, WRI's Sustainable Enterprise Program has harnessed the power of business to create profitable solutions to environment and development challenges. The Aspen Institute’s Business and Society Program (Aspen BSP) helps business executives integrate financial success and social and environmental progress. Aspen BSP envisions business leaders with the skills and values to consider the long-term impacts of business decisions and who employ social innovation as a key element of business strategy. Download the survey on the web.


Annual Fund Campaign Kicks Off

The 2003-04 Johnson School Annual Fund has kicked off a campaign to increase alumni participation from 21% (in 2002-03) to 25%. Annual fund contributions provide the Johnson School with vitally important unrestricted dollars and permit us to attract top students and faculty in an increasingly competitive market. The Johnson School, which is distinguished in so many respects, nevertheless ranks lowest among its peer business schools in participation by alumni in the annual fund (see graph). In addition, alumni participation in the Annual Fund is used as a measure of alumni engagement by some business school ranking surveys and by foundations that are considering gift support to the school. When you pledge your support to the Annual Fund, you don't just make a gift. You make a difference. Please visit www.johnson.cornell.edu/alumni/giving and help us meet and exceed a participation goal that accurately reflects the high regard that we know our Johnson School alumni have for the education and experience they received here. We thank you for your support! Questions? Please contact Marybeth Tarzian, Director of the Johnson School Annual Fund at 800-847-2082 ext. 2.


EMBA gains recognition
Business Week's biennial Executive MBA rankings have been released and the Johnson School—in our first year of eligibility—is ranked 14th worldwide. The 2003 rankings are based on surveys of more than 2,750 graduates of 64 business schools, as well as a poll of EMBA directors at these schools. (See the current issue or check on-line for complete details).

Graduates determined "grades" for each ranked school in three areas: Teaching, Curriculum, and Administration. The top 20 percent for schools get an "A" grade, the next 20 percent get a "B" grade and so on; the Johnson School rated "A" for Teaching, "B" for Curriculum, and "B" for Administration. The other portion of the ranking is based on a survey of EMBA directors who rank their "Top 10" EMBA programs (excluding their own). The Johnson School ranked #12 in graduate rankings and #20 in director rankings. The accompanying article said: "Students gave the highest marks to the programs that they considered to be the most rigorous. Cornell University, eligible for the EMBA rankings for the first time this year, entered the list at No. 14, with grads praising the school for its intensity even as they said it made for a challenging two years."

The BW ranking provides positive recognition for our growing program. We are pleased with this initial result and committed to improving the Executive MBA Program in every dimension and enhancing the program's reputation over time.


More on rankings
The Economist Intelligence Unit (EIU) has released its 2003 rankings of the 100 best full-time MBA programs in the world. This year the Johnson School is ranked #13,10th among U.S schools on the list. Last year (the inaugural issue for this survey) we were 15th. The Johnson School scored particularly well in one of the four main categories--personal development and education experience (#8)--and in several sub-categories including diversity of recruiters (#1), education experience (#5), and student assessment (#6).

The student-centric ranking is based on a school's ability to deliver the most important elements (as identified by students) that students look for when earning a MBA including opening new career opportunities or furthering current career; personal development and educational experience; increasing salary; and the potential to network. Ranking data were supplied by the schools themselves and more than 23,300 MBA students and alumni were surveyed to give qualitative assessments of MBA programs. Minimum response thresholds were required to be ranked and 115 schools met those thresholds. For more information on the rankings and methodology visit www.which-mba.com.


Big Red Resources: Access Cornell library online
Cornell University Library's new Alumni and Friends Access service (AFA) provides a free, easy way to access a wealth of online information through a portal to the library's collections and services. Just point your web browser to http://alumni.library.cornell.edu—you don't need a special password or access code, just click and go!

Through AFA, Cornellians have free access to over 600 online reference databases, including catalogs, almanacs, encyclopedias, and directories. You can browse the library's special and rare book collections through online exhibitions and digital collections. AFA also offers link to a rich array of web sites for information on a wide range of topics, all reviewed and selected by Cornell librarians and organized by subject for easy access. Cornell librarians can also provide reference and referral assistance for short questions via e-mail and phone. Access to some full-text databases and reference assistance for in-depth research questions is also available for a modest fee. All fee-based services are clearly identified.


A challenge to alumni
Are you up for a rewarding challenge? The Office of Admissions and Financial Aid would like to extend an invitation to you. What could be more rewarding than assisting in the recruitment of future students here at the Johnson School? Well, all alumni who are able to refer three or more qualified candidates to apply will be entered into a prize drawing!

If every alumnus were able to encourage at least three to five candidates to apply to our program the quality of our applicant pool would dramatically increase. As alumni, you are in a unique position to recognize suitable applicants who demonstrate solid leadership and decision-making skills—students who are results oriented with stand and deliver qualities.

So if you are up for the challenge, follow this web link to an online form that will allow you to submit names, or download a printable PDF and fax your list to the Office of Admissions and Financial Aid. At end of the application season (spring 2004), the numbers will be tallied. All alumni who were successful in encouraging three or more qualified candidates to apply to the Johnson School during the application season will be entered into a prize drawing. The prize and winner will be announced in spring 2004.

Thank you, and good luck!


Program highlights: Citigroup grant funds programs
We are pleased to announce that the Citigroup Foundation has approved a $91,000 grant submitted by the Johnson School's Corporate Programs Office and the Office for Women and Minorities in Business. The grant will support the following programs:
  • Pipeline to the 21st Century—to increase the number of future minority business leaders through Citigroup's leadership and support.
  • Investment Banking Immersion and the Parker Center for Investment Research—to increase the number of students taking this program, and to increase their competitiveness in investment banking through Citigroup's participation and support.
  • Other immersions and symposia programs—to increase student interest and quality of instruction in other important immersion programs and student symposia important to Citigroup, and fostered through Citigroup's involvement and support.
  • Citigroup MILR Fellowship Program—to attract quality students interested in human resources and employer-employee relations through Citigroup support.


Student focus: Diversity noted
The Johnson School was featured in an article published in the National Society of Hispanic MBA's monthly newsletter which highlights the Hispanic-American Business Leaders Association (HABLA), Latin American Business Association (LABA), and the Johnson School's Office for Women and Minorities in Business and details the Johnson School's innovative initiatives supporting students of Hispanic heritage and other underrepresented minorities.


Global news: Worldwide connections
We encourage JS alumni to take advantage of a dedicated career management platform for students and alumni of the world's leading business schools. Global Workplace, which can be accessed through the Johnson School's Career Services web page, features an online membership directory giving you access to fellow graduates of 50 of the world's top business schools on five continents. Global Workplace offers tailored career coaching services—cover letter and resume review and design, individual career counseling and interview training, as well as courses on networking and effective job searching. Services are now available in the UK, Netherlands, Spain, Japan, Malaysia, Singapore, Australia, Canada and the USA with China and New Zealand to follow shortly.


Featured alumni

Holly Hulse, MBA '97, is president of Corning Frequency Control in Shanghai, China, where she is responsible for the company's manufacturing and commercial operations. Corning Frequency Control manufactures specialty crystals and crystal oscillators that provide a stable frequency reference in telecommunication, automotive and military applications. Hulse moved to Shanghai in 1999, when she was appointed general manager of Corning Shanghai Co., Ltd. In June 2001, she was appointed president of Corning Cable Systems in China. In addition to her responsibilities at Corning, Hulse is also a member of the board of directors of Concordia International School Shanghai. When asked to describe her major accomplishments as president of CFC, Hulse said, "I have learned an incredible amount. My role is quite broad—making decisions from funding to allocation of talent, hiring and firing to manufacturing metrics, customer interface to strategy, all with the added challenge of working with a completely local Chinese team. We are developing some talent that should provide key leadership for Corning in China as our overall business here continues to grow."
Suk Y. Cha, MBA '84, president and chief executive officer of Haitai Confectionery and Foods Co., Ltd. in Korea, has been elected to the board of directors for Kookmin Bank, also in Korea. Before becoming CEO of Haitai, a 3,900-employee company that manufacturers dry confectionery, ice cream, and frozen foods, and that has an annual revenue of $500 million, Cha served as president and CEO of Procter & Gamble Korea.
Gary Fassak, MBA '78, was promoted to vice president marketing sales and R&D at Binney & Smith, where he reports directly to the chief executive officer. He is also chair of the Binney & Smith Corporate Operating Committee, which is responsible for delivering Binney & Smith's cross functional global operating plan each year. Binney & Smith, a wholly owned subsidiary of Hallmark Cards, Inc., manufactures Crayola and is the leader in marketing creativity products, crayons, markers, accessories, and creative solutions to children, parents, and educators. Fassak joined the company in 2000 as VP for marketing, and before that worked at Campbell Soup Company, where he was vice president new business and launched the Campbell's Premium soup line.
Marvin Chang, MBA '89, is the new president of the Cornell Asian Alumni Association. Founded in 1990, the CAAA serves the needs and interests of Asian alumni and students at Cornell University. The organization's objectives are to maintain an international network of Asian alumni from Cornell, promote greater Asian alumni involvement in all aspects of university affairs, support the academic and career development of Asian students on campus, facilitate the exchange of ideas and information between Asian alumni and students and the university, and increase the awareness of the university among Asian students who are potential applicants. Chang is a manager in the Business Advisory Services practice at Grant Thornton in New York, where he focuses on project management, systems implementations, business process improvement, and technology infrastructure planning, software development, corporate finance and business strategy.


Alumnus delivers Hatfield address
In his October 2 Hatfield lecture, James Morgan, MBA '63, BSME '62, gave his listeners valuable insight into the leadership that brought his organization from the brink of bankruptcy to undisputed dominance of its sector. Chairman of the board and previously CEO of Applied Materials, Inc., by far the foremost provider of equipment for semiconductor manufacture, Morgan credited his success not only to his willingness to take risks, but to his ability to understand the world as a series of complex, interrelated systems. Morgan, whose first action in 1976 as CEO of Applied Materials was to drastically cut back the company's unfocused portfolio to instead concentrate on equipment, has undertaken many other bold ventures, including forging into the Japanese and Chinese markets decades before his competitors, and continuing to invest in R&D during cyclic downturns. Morgan, who has been named among BusinessWeek's six "Good CEOs," Worth's top five "Best CEOs," and
Investor's Business Daily's "Top 10 CEOs," received the National Medal of Technology in 1996, advised former President Bill Clinton and Congress on market access and trade relationships, and is vice chairman of President Bush's Export Council. Hear Morgan's address on the web.


Faculty news: Two tapped for Whitcomb fellowships
Congratulations to Johnson School professors Sachin Gupta and Justin P. Johnson for their nomination by Dean Swieringa to be the Clifford H. Whitcomb Faculty Fellows for the one-year term commencing November 1, 2003. Clifford Whitcomb '43, MBA '48, is the retired president of Prudential Property and Casualty Insurance Company and is a lifetime member of the Cornell University Council. He established the fellowships in 1993. Income from the endowment of the fellowships is used to support the work of the recipients.


Celebrate your favorite professors
Communique magazine recently e-mailed members of the Cornell Association of Class Officers (CACO) requesting stories about favorite Cornell professors. Responses helped inspire the new Celebrate Cornell Faculty web site, which features articles about faculty and comments from CACO members about the impact Cornell professors—including those from the Johnson School—have made on their lives. The site also includes an interactive forum where you can share your faculty recollections with the rest of the Cornell community and/or send your favorite professor an electronic greeting card.


Alumni participants wanted for faculty research project
Melissa Thomas-Hunt, assistant professor of management and organizations, would like your help! "I am writing to ask for your help in a research study that we are conducting here at the Johnson School. The study can be completed via email/internet and will take less than an hour, and we will pay you $20 for your time. Plus, if you perform in the top 10% of all participants we will pay you an additional $50. It is possible to have your compensation donated to a student or non-profit organization if you wish. All we are asking from you is to read some background information about a firm and provide a simple assessment of its worth, then answer a brief online survey. If you would like to participate, please e-mail me at mct24@cornell.edu."


Recent media hits
Mark Nelson, professor of management and accounting, was interviewed in late September by Thailand's "Newsline" television program on issues relating to expensing stock options.

The "Intrinsic Value of the Dow" research of Professors Charles Lee and Bhaskaran Swaminathan attracted the attention of various nationwide media outlets in early October as their groundbreaking calculations were released for the first time—Lakshmi Bhojraj, director of operations at the Parker Center, was quoted in several of the articles indicating that, based on Lee's and Swaminathan's research, there is still room for the Dow to advance over the next six to twelve months.

Kevin Baradet, Johnson School's network systems director was quoted in an eWeek article highlighting various corporate attempts to provide secure wireless access for handheld device users.

The Northwest Indiana News featured Professor Stuart Hart's comments about generation of growth while satisfying social and environmental stakeholders in an article that focused on the future of the steel industry.

Johnson School alumnus Prasanth Kuchibhotla, a senior airline analyst at eClipse Advisors, was quoted in a USA Today article on the Air France-KLM merger.

For these and more media hits for Johnson School members, visit Johnson School in the News.


Loan forgiveness available
The Johnson School offers a loan forgiveness fellowship to alumni who are engaged in a viable entrepreneurial endeavor. Applicants for this program must have outstanding student loans from their enrollment at the Johnson School and be exclusively engaged in an entrepreneurial venture—their business may not be a secondary source of income. Jonas Weil initiated the fund in an effort to relieve our graduates of the burden of student loan debt.

Those selected to receive the fellowship will receive up to $5,000 from the Johnson School to make student loan payments for the year of the award. The amount of the fellowship is determined by the amount of outstanding student education loan debt accrued while in attendance at the Johnson School and the actual/projected income. If there are more candidates than resources, priority will be determined based on need.

We will accept applications for this award until December 2003, with selection and disbursement of the funds in January 2004. You may apply at any time, but we review candidates twice a year—once in January and once in July. For more information on the Jonas Weil Fellowship, e-mail your mailing address to the Financial Aid Office.

Upcoming events:
October 25
Boston, MA
Community Service Project. The Johnson Club of Boston wishes to encourage you to join us for this great event: City Year Boston's Serve-a-thon starting bright and early at 8:00 a.m. at Boston Common. For more specific details visit www.cityyear.org/serveathon. If you will be attending, please let Gul Yanmaz-Karsligil MBA '95 know.

October 25
Ithaca, NY
HOMECOMING 2003. All Alumni Pre-Game Rally and Tailgate! Time: 11:00 a.m.-1:00 p.m., Lynah Rink parking lot tent. Join alumni and friends from several colleges and other departments for a great chicken barbeque before the Cornell Big Red vs. Brown Bears football game (1:00 p.m.). Informational tables, give-a-ways, musical entertainment and more! Ticket prices are $15 per adult and $8 per child; however, the first 25 alumni to register are FREE! To receive special Johnson School reserved seating, please be sure to contact Ginny Starr at 800 847-2082, ext. 2, or e-mail her at alumni@johnson.cornell.edu to hold your reservation. Once your ticket has been purchased, it will be held for you at the door.

Other weekend highlights include:

  • Homecoming Forum on "The BioRevolution: Accelerating Discovery and Improving Lives", featuring G. Peter LePage, interim dean, College of Arts & Sciences; Richard A. Cerione, professor of pharmacology, College of Veterinary Medicine; and Marjolein van der Meulen, associate professor, Sibley School of Mechanical and Aerospace Engineering.
  • Glee Club Homecoming Concert at Sage Chapel
  • Johnson School "Frozen Assets" students v. alumni hockey match

For more information on university activities, please see http://homecoming.alumni.cornell.edu/.

October 29
Washington, DC
Joint Business Luncheon. The Johnson School Alumni Club of Washington and the Cornell Club of Washington will hold their first joint business luncheon at noon. The speaker will be James A. Rowan Jr., Managing Director of Legg Mason Wood Walker, a full service investment banking firm. Rowan received his undergraduate degree from Cornell and his MBA from the Johnson School. The venue will be Sam & Harry's, 1200 19th Street, NW (19th St. between M and N). The Dupont Circle Metro stop is less than two blocks away from the restaurant and there are several parking garages within walking distance. For more information about this and future luncheons, or to RSVP, please contact Nestor Cruz, 703.256.4109.
November 6
Dallas, TX
Inaugural Business Breakfast Series. Welcome guest speaker Michael Durham MBA '77, Hotwire's Non-Executive Chairman of the Board and Former President and CEO of Sabre. Location: The Park City Club (on Sherry Lane between Douglas and the Tollway). Time: 7:00 to 8:30 a.m. Cost: $10 per person at the door. RSVP to alumni@johnson.cornell.edu by October 29. If you are interested in joining the leadership team of the JS Club of Dallas, contact Jeff Peterson MBA '01.

November 6
Boston, MA
CEN presents Steve Leveen, MS '79, PhD '82, co-founder of Levenger. The event will be held at the Hilton Back Bay, 6:00 to 9:00 p.m., $30 (includes buffet reception, presentation, dessert and coffee). For more information and to RSVP, please visit www.cen.cornell.edu.

November 8
Boston, MA
MIT CFO Summit: Leadership from the Eye of the Storm. With an expected attendance of 350 to 400 regional CEOs, CFOs, controllers, academics, regulators and senior service providers from the legal and accounting community, this all day event will bring together the leading thinkers and practitioners in a day of learning, discussion, and networking that will be helpful to all communities involved. Invited Keynote speakers are: Honorable William Donaldson, Chairman, SEC, Maryland Senator Paul Sarbanes, and Maria Bartiromo, CNBC News Anchor. This will be held at the MIT Sloan School of Management, Tang Center, E51, 70 Memorial Drive, Cambridge. Cost is $200 and will be held from 8:00 a.m. to 6:30 p.m. For more information, contact Andrew Nelson, 617.342.4329.
November 11
New York, NY
CEN presents Jan Rock Zubrow, CU '77, President of MedCapital, LLC. The event will be held at the Cornell Club, 6 East 44th Street, 6:30 to 9:30 p.m., $30 (includes buffet reception, presentation, dessert and coffee). For more information and to RSVP, please visit www.cen.cornell.edu.
November 13
Rochester, NY
Lecture and reception. Professor J. Edward Russo, the S.C. Johnson Family Professor of Management at the Johnson School, and co-author of "Winning Decisions" (Doubleday 2002), a book for managers on the behavioral aspects of decision making, presents "The Confidence Game". Location: Genessee Valley Club, 421 East Avenue. Time: Lecture 6:00 p.m.; reception: 7:00 p.m. RSVP by November 10 to alumni@johnson.cornell.edu.
November 13
Washington, DC
CEN presents Building Your Business by Maximizing Intellectual Property by Kevin McGovern, CU '70, Chairman and CEO of McGovern Capital LLC. The event will be held at the Tysons Corner Marriott, 8078 Leesburg Pike, Vienna, VA, 6:00 to 9:00 p.m., $30 (includes buffet reception, presentation, dessert and coffee). For more information and to RSVP, please visit www.cen.cornell.edu.
November 20
Los Angeles, CA
CEN presents “Wealth Creation through Private Equity: Petco Case Study” by Peter Nolan BS ’80, MBA ’82, managing partner of Leonard Green & Partners (LGP) and managing director of Donaldson, Lufkin and Jenrette (DLJ). Time: 6:00 to 9:00 p.m. Location: The Regency Club, 10900 Wilshire Blvd., 17th Fl. Cost: $35.00 plus $5.50 parking (includes buffet and cash bar). To RSVP, please visit www.cen.cornell.edu. There will be a pre-event reception with Mr. Nolan at the Regency Club Grill Room. This private reception is for Johnson grads only and is sponsored by the Johnson Club of Southern California. To RSVP for this reception, please email alumni@johnson.cornell.edu.
View and search a complete listing of Cornell University events.

Johnson School specific events appear in red.

JAC - The Johnson Alumni Connection
JAC, our online alumni database, is your ticket to networking, the Alumni Job Bulletin and connecting with the Johnson School community. You can search the database by class year, geography, company, industry and more. Please help us keep our data current by updating your alumni profile and by letting us know if JAC contains inaccurate information for any of your Johnson School friends. We thank you for your assistance and support, and we look forward to receiving feedback from alumni who are JAC users.

Cornell Alumni Directory
As Cornell graduates, you have access to the recently launched Cornell Alumni Online Directory. To access this, go to the directory and click "first time user." You will need to provide your last name and alumni id # to gain access (if you don't know your alumni id #, e-mail alumni@johnson.cornell.edu and we will provide it for you). This directory is searchable by name, location and company name!

Johnson Gear Available Online
To view and purchase Johnson School clothing and accessories, please visit: www.jsoutfitters.com. All proceeds benefit Johnson student clubs.

If you wish to be removed from the Johnson School e-mail list, please e-mail alumni@johnson.cornell.edu.