SPRING / SUMMER 2002

Business
VOLUME 14 NUMBER 2

A Brush with History

Students Find Bank Credit Linked to Other Services
Global Integrative Post-September
Georgetown Business is
published during the academic
year by The McDonough School
of Business for alumni, parents,
friends, and business colleagues.
Dean
Christopher P. Puto, Ph.D.
Senior Associate Dean
Joseph Mazzola, Ph.D.
Editor
Elizabeth Shine g99
Contributing Writers
Tom Price
Susan Price
Elaine Ruggieri, apr
Editorial Assistant
Carin Dopieralski b03
Photography
Keith Tishken
John Casey (mba02)
Ates Celep (mba02)
Jason Claire (mba02)
Mona El-Banna (mba02)
Ryan Orner (mba02)
Michelle G. Jones (mba02)
Designer
Nancy Van Meter
Georgetown Business
welcomes inquiries, updates,
opinions and comments expressed
by its readers. Letters should be
addressed to:

the editor
Georgetown Business
deans office
georgetown university
the mcdonough school
of business
old north building
washington dc 20057

phone: 202-687-4080

www.msb.georgetown.edu
 Letter from the Dean

I
n the months after September 11, the Mosler paintings in Old North,

Welcome
which depict significant scenes in the nations founding, have

acquired a new significance. Painted at the turn of the twentieth

century, they celebrated a revived interest in patriotism. Today, they

serve to remind us of our democratic values, values that have enabled

the creation of capitalism, and by extension, business education.

While we celebrate Old Norths beautiful art in this issue, other creative

endeavors have unfolded this semester at the McDonough School of

Business. Weve launched a new Center for Business and Public Policy,

and a group of undergraduates saw the results of their independent

study project featured in the Wall Street Journal and Business Week.

We are offering a new undergraduate concentration in Operations

and Information Management, and several of our students have won

awards, including a Fulbright scholarship.

From art to awards to this very magazineall these accomplishments

prove that in essence, business is fundamentally creative. We hope you

enjoy the results as much as we enjoy the process.

Christopher P. Puto, Ph.D.

Dean

CONTENTS

Inside Information . . . . . . . . . . . . . 2

MSB Students Research

Links Bank Credit
with Other Services . . . . . . . . . . . . 8

A Brush with History . . . . . . . . . . . 9

Global Integrative Gains

Increased Relevancy
Post-September 11 . . . . . . . . . . . . 14

Alumni Notes . . . . . . . . . . . . . . . . . 23

1
Inside Information
U.S. News & World Report
Ranks Georgetowns
McDonough M.B.A.
Among Nations Elite
In its April 5 Best Graduate Schools
issue, U.S. News & World Report
ranked Georgetowns McDonough
School M.B.A. program at #24. This
places Georgetowns M.B.A. program
among the top six percent of 352
accredited American M.B.A. programs
surveyed. Georgetown continues
its representation among the top 25
M.B.A. programs in U.S. News, last
year placing at #22.
We are pleased to be recognized by
U.S. News and World Report as being
among the elite M.B.A. programs in
the U.S., says Christopher Puto, dean
of the McDonough School.
U.S. News and World Report surveyed
all 352 accredited masters programs
in business, and calculated rankings
based on a weighted average of
several quality indicators, including
reputation by academic and corporate
recruiters, placement success, and
student selectivity.
The U.S. News and World Report rank-
ings are available at www.usnews. com.
2 The McDonough School of Business
McDonough M.B.A.s Take Job Hunt
on the Road
n a sluggish economy, McDonough M.B.A.
I students werent sitting tight waiting for jobs
to materialize. About 100 students took to
the road this year, promoting the school and net-
working during Career Treks to Madrid, Lon-
don, Miami and San Francisco.
The purpose of the Treks was to expand
employers awareness of the school, especially in
Europewhich will boost McDonough students
prospects in the future.
You get to understand better the companies
and the geographic region where they operate,
said Sergio Iranzo, president of the Georgetown
M.B.A. European Business Association, which
sponsored the Madrid and London Treks. In
Spanish culture, added Iranzo, who is Spanish,
a lot of relationships need personal interaction.
So a person who participates in these events is
more likely to get a job offer than someone who
has not.
Students benefited from personal contacts
made in the San Francisco Bay area as well, said
John Casey (MBA02), co-president of the Cal
Trek Club, which organized events in Palo Alto
and San Francisco.
The Treks also get the Georgetown M.B.A.
name to the attention of more companies, said
McDonough M.B.A.s at Spains Palacio de la Moncloa during Madrid Trek.
Reza Moshir-Fatemi (MBA02), past president of
the European association, who was the primary
organizer of the London Trek. Georgetown Uni-
versity has a very good name in Europe, said
Moshir-Fatemi, a British citizen. We wanted to
capitalize on the Georgetown name and get the
business school more highlighted.
During each Trek, students visited compa-
nies, met company executives and socialized with
alumni. The Treks were organized by student
clubs with help from alumni. Alums were particu-
larly active in the Miami Trek, according to Gary
Chong-Hon (MBA02), a citizen of Panama and
president of McDonoughs Inter-American Busi-
ness Association at the time of the Trek.
Miami seemed an ideal Trek site for the
club because the city is the gateway for Latin
America, Chong-Hon said. Albert Bocock
(MBA 96), finance vice president for two related
companies that do business in Central America
and the United States, arranged most of the
company visits with help from other members of
the Georgetown Club of Miami.
Bocock urged other alumni clubs to help
with Treks in their communities and said the
Miami club would offer advice.
I dont know who enjoyed the event more,
us or the students, Bocock said.
 September 11 Victims
Memorialized
Through Awards
In the last issue of Georgetown Busi-
ness, we neglected to mention that
September 11 victim Joe Shea (B76)
is survived by sister Kathy Shea (B80)
and brothers Tom and Francis Shea.
The Shea family has established the
Joseph Shea Memorial Scholarship
Fund at Georgetown to be awarded to
the children of September 11 casualties
or those who otherwise show need. To
make contributions to the scholarship,
please contact David Sears at
202.687.2394.

Mary Balmaceda-Roy (MBA02)

was the recipient of the first annual
Daniel Walker McNeal Service Award,
presented at Georgetowns M.B.A.
Award and Diploma Ceremony May
17. The McNeal Service Award is in
honor of Daniel McNeal (MBA00), who
died during the September 11 terrorist
attacks on the World Trade Center. It is
awarded to the graduating student in
the Georgetown M.B.A. program who
best exemplifies the finest characteris-
tics of a successful Georgetown gradu-
Roger Ailes, chairman and CEO of Fox News (l) and Barbara Krumsiek, President and CEO of the Calvert Group (r), ate. The McNeal Award is the preemi-
were speakers at the M.B.A. and undergraduate commencements respectively. nent student award given at
graduation, said Marilyn Morgan,
associate dean and director of the
M.B.A. program.

Spring / Summer 2002 3

Inside Information

Credit Research Center Study Finds Consumer debt has soared in recent years
Financial Counseling Effective up from $1.2 trillion in 1996 to $1.65
redit counseling works. That is the trillion in 2001. Consumer bankruptcy filings

C key conclusion of a study by

McDonoughs Credit Research
Center in cooperation with the nonprofit
National Foundation for Credit Counseling
and Lundquist Consulting Inc.
The conclusion is important to the credit
industry, which subsidizes counseling pro-
grams, and to government officials, who have
been mandating counseling in a growing
rose from 1.2 million in 2000 to 1.5 million
in 2001. More than 1.5 million families con-
tacted foundation affiliates for help in 2000.
Approximately 880,000 entered counseling
that year, about a third of whom agreed to
follow formal debt management plans. The
other two-thirdslike those studied
received counseling.
Despite widespread use of credit counsel- The M.B.A. Finance Club recently

number of circumstances, Research Center
Director Michael E. Staten said.
Staten called the findings good news for
both consumers and creditors. It makes the
case that financial counseling helps consumers
help themselves.
The researchers identified 14,000 clients
ing, Staten said, there was no known empirical
study of its impact. Creditors have been asking
for evidence that subsidizing counseling is
worthwhile.
The Credit Research Center will release
a companion report later this year on how
well participants in formal debt management
launched a new Bulldog & Bear
logo. Drawn by Wall Street Jour-
nal artist Nancy Januzzi, the logo
features Georgetowns Jack the
Bulldog, representing the bull side
of the market, fighting a bear.

who received one-on-one counseling from
affiliates of the foundation during 1997 in
Georgia, Illinois, California, Arizona and
Texas. The clients credit records over the next
three years were analyzed and compared with
anonymous credit bureau data for similar
individuals and families who were not counseled
by foundation affiliates.
On measures of creditworthinesssuch
as late payments, outstanding debt and credit
bureau scoresthe clients improved their
performance and performed better than the
control group.
plans fare in the years after they resume man-
aging their finances on their own. The reports
are part of the centers investigation of how
people make choices when theyre faced with
high financial difficulty, Staten said.
Sean Meckley (B02) received a
Fulbright Scholarship in April to study
at the Vienna University of Economics
and Business Administration this fall.
Meckley, who majored in international
business and finance, will examine the
privatization of Central and Eastern
European banks and the involvement
of Austrian banks in this process.

4 The McDonough School of Business

Business School to Launch New
OPIM Concentration
he McDonough School of Business will launch a
T new undergraduate concentration, Operations and
Information Management (OPIM), this fall.
The emergence of integrated computerized planning
systems in everything from manufacturing facilities to investment
exchanges has led to a tremendous demand for professionals who
understand business processes and how to enhance them using
information systems, says Professor Keith Ord, one of the
faculty involved in developing the concentration.
The concentration will consist of five three-credit courses,
including three required courses in databases, global logistics
and supply chain management, and decision support systems.
Students can select from a variety of electives to round out the
concentration. Classes will be taught by operations management
and information sciences faculty within the business school.
The new concentration will prepare students for careers
in consulting, operations, planning and systems analysis. Ord also
noted it could be valuable to those entering finance and marketing
because it provides strong technological and quantitative skills
required for decision making.
Several business schools already offer similar concentrations
to OPIM, including Maryland, Penn State, and Wharton.
OPIM is a valuable concentration, notes Ord. Graduates
will be able to understand the structure of an organization,
create databases that provide an effective overall description
of its operations, and use those databases to make timely and
efficient policy decisions.
Georgetown M.B.A. Represented
on Case Competition Winning Team
ndrew LaVanway (MBA03) was a member of the win-
A ning team in the first annual Simon School-Johnson
School Case Competition in Rochester, NY, April 57.
Other members of the winning team included M.B.A.s from the
business schools at the University of Rochester (Simon), Univer-
sity of Maryland (Smith), Purdue (Krannert), and Tulane (Freeman).
The competition, sponsored by General Mills, focused on a
marketing case in the food products industry. Students were given
five hours to analyze the case and develop proposals for leveraging
an existing website to create demand in a declining category.
Other first-year Georgetown M.B.A.s participating in the
competition included Rachel Simpson, David Luks, Frank
Bracken and Dave Haber. Among the thirteen graduate business
schools represented at the competition were Kellogg (Northwestern),
Haas (UC Berkeley), Sloan (MIT), and Yale Graduate School of
Business (Yale).
Case competitions are a great opportunity to take the M.B.A.
tools out for a test-drive and to compare notes with colleagues
from other schools, said LaVanway.
The Georgetown M.B.A.s participation in the event was
sponsored by marketing professor Bob Thomas.
Andrew LaVanway (MBA03) (far left) with members of the winning team at the
Simon School-Johnson School Case Competition.
Spring / Summer 2002 5
McDonough Launches
New Center to Explore Business
and Public Policy
by Elaine Ruggieri
$1.5 million commitment
A has enabled the
McDonough School of
Business to establish
a new Center for Business
and Public Policy. The Center, launched
in February, will engage scholars, business
people and policy makers in key business,
economic, regulatory and ethical issues
confronting U.S. and international business.
As part of this broad mission, the
Center is concentrating first on workplace
safety. This issue spurred the creation of
the Center following the success of last
Center Director John Mayo with James Patten (l) and Greg Anderson (r), co-chairs of the United Auto Workers/Ford
National Joint Committee on Health and Safety.
6 The McDonough School of Business
years Workplace Safety Summit held at
Georgetown. The conference brought
together for the first time corporations,
nonprofits, government agencies, labor
officials, activists, and academics to debate
workplace safety and explore ways to make
workplace safety a national priority. The
Center sponsored the second Workplace
Safety Summit in April (see sidebar).
John W. Mayo, director of the new
Center and professor of economics, busi-
ness and public policy at McDonough,
says, Georgetown and its location in the
nations capital provide a perfect, neutral
venue to examine the interplay between
business and public policy, and workplace
safety as an issue needs visibility and
research to make it real for policymakers.
Workplace injuries and fatalities cost
American industry and taxpayers at least
$170 billion a year in lost productivity,
wages, and compensation.
According to Mayo, the CBPP has
also developed an active fellows program
to encourage research on business/policy
matters and introduced a special course on
health and safety management in the
M.B.A. program. In addition, the Center
plans to host a seminar on ethical issues of
workplace safety, and will continue to host
the Workplace Safety Summit annually.
The Center is sponsored by the
American Red Cross, Delta Airlines,
DuPont Company, the Laborers Health
and Safety Fund of North America, and
the Trucking Association of America. The
Center has also formed working relation-
ships with Ford Motor Company, General
Motors Corporation, the National Safety
Council, the Occupational Health and
Safety Administration, and United Farm
Workers. Forty-five members of the
McDonough faculty are serving the
Center as faculty associates.
The timing is perfect for a center
like this. It will provide a neutral forum
for policy makers with different opinions,
but with similar principles, to debate
issues of mutual concern, says Mayo.
The latest activities of the CBPP
will be posted on its Web site:
www.msb.edu/prog/cbpp.
2002 Workplace Safety Summit Features Leading Policy Makers

T
he 2002 Workplace Safety Summit, held April 1112, drew over

100 senior-level officials from business, labor, government,

academia, and advocacy organizations, including the AFL-CIOs

Director of Occupational Safety and Health Peg Seminario,

Assistant Secretary of Labor-OSHA John Henshaw, President

of the National Safety Council Alan McMillan, DuPont Group Vice President

and General Manager Ellen Kullman, and United Farm Workers President

Arturo Rodriguez.

Sponsored by the McDonough Schools new Center for Business and Public

Policy, the Workplace Summit provided a forum for the participants to explore

common ground in their continuing efforts to end the 6 million injuries and

6,000 deaths on the job reported each year in the United States. Arturo Rodriguez, president of the United Farm Workers,
spoke at the Centers launch on February 28.

The Workplace Safety Summit is the best way for these groups with

different opinions to meet on neutral territory and develop practical solutions

to the nations workplace safety problem, says John W. Mayo, director of the

Center and professor of economics, business and public policy at the

Workplace injuries
McDonough School.

Topics explored at the Summit included: catalysts for achieving worker health and fatalities
and safety; the impact of safety-conscious management systems; an overview

of worker deaths and injuries; worker hazards; new partnerships; and results cost American industry
from the first Workplace Safety Summit held last year.
and taxpayers
Sweeney delivered the keynote address, and McMillan, Kullman, Rodriguez

and Henshaw served as panelists in the session Safety in the Workplace:

at least $170 billion a year
A View from the Top.

in lost productivity,

wages, and compensation.

Spring / Summer 2002 7

MSB Students Research Finds Bank Credit
Linked to Other Services
esearch by three
R McDonough School of
Business undergraduate
seniors reveals that almost
half of corporate finance
professionals say that failure to award
lenders with core investment banking
business makes it more difficult for them
to obtain competitive credit.
Working with the Association for
Financial Professionals, Lorena Droba
(B02), Kelly Kirby (B02), and Chris Vil-
lar (B02) surveyed approximately 3,500
corporate financial officers. Of the 427
respondents, 48% believed that if they did
not award other business to short-term
lenders, the amount of short-term credit
provided would be reduced.
While it is illegal for lenders to
directly tie credit provision to the awarding
of future fee-based business, the students
found significant pressures being placed by
lenders on corporations to award them
with lucrative business in exchange for
low-cost short-term credit.
(left to right) Chris Villar (B02), Kelly Kirby (B02), and Lorena Droba (B02)
8 The McDonough School of Business
by Elizabeth Shine G99
When lenders make it as explicit as
saying Well give you credit if you give us
this deal, thats called tying, and its ille-
gal, notes Villar. But its not that explicit.
Lenders are subtly pressuring clients to
award them other business, but clients are
also demanding credit from their banking
relationships. The extent to which this
occurs has never been quantified before.
We tried to get a more solvent hold onto
what exactly is going on.
With the repeal of the Glass-Steagall
Act in 1999, commercial banks were able to
start competing with investment banks for
higher-margin business. The students
research finds that commercial banks are
strongly leveraging their balance sheets and
their expertise in lending to compete with
traditional investment banks in areas like
cash management, debt/equity underwrit-
ing and strategic mergers and acquisitions
advisory work.
Commercial banks make more money
from such services as underwriting and
merger advice as opposed to credit lending.
Los Angeles.
The commercial banks are taking a step
back and looking at the relationship as a
whole, says Droba. They may note that
short-term credit is not so profitable, and
may place a lot of pressure on companies
by saying, well, if you dont provide more
lucrative business, this relationship in gen-
eral is not beneficial to our bank.
The students found that large compa-
nies are particularly pressured. In their
paper, they noted, Companies with over
$1 billion in annual revenue are even more
likely to expect a reduction or withdrawal
of short-term credit if they did not award
other types of business.
Liquidity was a hot topic at the two
investment banks where Villar, Kirby and
Droba worked last summer, as investment
banks grappled with commercial banks
going after their traditional business. In
the fall, the students decided to formally
investigate the subject further. They
designed a survey for financial executives,
and working with finance professor David
Walker, they contacted the Association for
Financial Professionals, who administered
the survey to its members. The students
then analyzed the responses and inter-
preted the data.
It was exciting for us as students to
see a survey we had designed going out to
the treasurers of Fortune 500 companies,
and to have them actually respond to us,
says Kirby.
The students hard work has paid off,
with articles featuring their research in
The Wall Street Journal and Business Week.
And needless to say, these seniors arent
worried about jobs. Droba and Villar
will head to New York City this summer
to work for Morgan Stanley and Goldman
Sachs respectively, while Kirby will work
for Deutsche Banc Alex. Brown in
 A Brush with History:
The Paintings in Old North
by Tom Price

I , George Washington launched a tradition of presidential visits to

Georgetown University by riding his horse to the Hilltop, walking into what

is now called Old North (it was nearly brand new then) and being received

in the formal parlor. The parlor is long gone, replaced in a renovation

with a staircase at the buildings north entrance. But Washington is still there

or at least his image is.

Spring / Summer 2002 9

 H anging beside the stairs,
just inside that first-floor entrance, is a
six-and-a-half-foot-tall rendering of
Washington Crossing the Delaware.
The oil-on-canvas painting was created
in 1911 by Henry Mosler, a now-obscure
but then-prominent and prolific American
artist. It is one of three Mosler history
paintings that hang in Old North, which
has become Georgetowns oldest edifice
and headquarters for the McDonough
School of Business. The paintings are
among 15 museum-quality works of art
on display throughout the building.
Visitors, surprised to encounter the
paintings in the halls, stairways and meeting
rooms, often inquire about the works,
according to McDonough Communications
Director Elizabeth Shine, whose office is
on Old Norths second floor.
One reason they are displayed there
and other works elsewhere across the cam-
pusis that Georgetown lacks a museum,
notes Lulen Walker, Georgetowns art col-
lection coordinator. Enabling students to
encounter art as they go about their daily
activities also helps to fulfill the universitys
educational mission, said Clifford T.
Chieffo, professor emeritus of art and
former curator of the collection.
The Moslers seem particularly appro-
priate at Georgetown and, specifically, in
Old North. And their display was taken
into account when the building was renovated Washington Crossing the Delaware by Henry Mosler, 1911
to house the business school, Chieffo said.
The paintings depict key events in
the creation of the United States, which office. Construction of Old North, the after their time in office. Gerald Ford
coincides with the birth of the university universitys second building, was completed attended the ceremonies that rededicated
and the construction of Old North. in 1795. (Old South, Georgetowns first the building as home of the business
The university was established in 1789, building, was razed in 1904, making way school in 1983. Bill Clinton, a George-
just as the first U.S. Congress, president for Ryan Hall.) town alumnus, addressed the diplomatic
and Supreme Court justices were taking Washington was the first of 13 presi- corps at Old North during inauguration
dents to visit Old North before, during or week ceremonies in 1993.

10 The McDonough School of Business

W hen W.H. Walters, chairman
and president of the Diamond National
Corp. in New York, donated the Mosler
paintings to Georgetown in 1962, on the
occasion of his son Bernards enrollment,
University President Edward B. Bunn, S.J.,
noted that their subject matter fits in
beautifully with our tradition. Bunn
promised to hang them where the students
can imbibe some of the spirit of early
America which they represent.
Moslers Washington Crossing the
Delaware is not the familiar painting that
shows the general standing in profile on a
boat which his troops are rowing through
ice-filled waters. But it probably is a more
accurate rendering of the 1776 Christmas-
night crossing which enabled Washington
to surprise Britains Hessian mercenaries
at Trenton the next day and win a morale-
lifting victory, Walker said.
The well-known portrayal, which
hangs in New Yorks Metropolitan
Museum of Art, was painted in Germany
in 1851 by Emanuel Leutze who just
concocted it out of his own mind, Walker
said. Mosler actually visited the crossing
site in winter so he could get a better
sense of what it really looked like.
That attention to detail and historical
accuracy is evident also in the other
Moslers that hang in Old NorthJohn
Paul Jones capturing the British ship
Serapis, and Betsy Ross and her assistants The Triumphal Victory of the Bonhomme Richard by Henry Mosler, 1911

making the first American flag. Its an

approach Mosler acquired early in his
career when he traveled with Union forces
as an artist and reporter for Harpers Weekly
during the Civil War.
All of Old Norths Moslers were
painted around 1911 and were reproduced
in the Dec. 3, 1913, issue of The Mentor,
a weekly magazine founded to educate its
readers about art, literature, science, his-
tory, nature and travel.
The paintings illustrated a series of
articles about the American Revolution.
The Mentorwhose advisory board
included the president of Princeton
University, the director of the New York
Zoological Park and professors at Harvard
and Rutgersdescribed the works as dis-
tinguished examples of modern historical
art and paintings of great art value and
historic importance.
The Mentor noted that Mosler
made careful sketches of Betsy Rosss
Philadelphia house before he painted
The Birth of the Flag. He also collected
18th century costumes and other props,
which he used when posing models for
the paintings, Walker said.

Spring / Summer 2002 11

 M oslers Crossing the
Delaware views Washington from the
front, as he stands in his boat while his
troops strain to propel the craft through
floating chunks of ice. The Mentor called
Moslers painting a true and spirited
conception of the event, while describing
Leutzes as stiff and constrained and
lacking a sense of reality.
Moslers preparation for the painting
included drawings in pencil and ink as well
as a sketch in oil. The oil sketch, according
to a 1996 article in American Art Review,
could be considered a finished product by
artists other than Mosler.
The John Paul Jones painting
which hangs in the stairwell one flight
above Washingtondepicts the com-
modore boarding the British ship. The
scene is lighted dramatically by the fires
that contributed to Jones ship, the Bon-
homme Richard, sinking two days after
the Americans took control of the Serapis.
The Birth of the Flag by Henry Mosler, 1911
12 The McDonough School of Business
I think its a wonderful history paint-
ing, and its original, Walker said. Ive
never seen anything like this composition
and the way the fire is done. Its very dra-
matic.
In contrast, the Betsy Ross painting
which hangs in the second floor Grand
Reception Roomportrays four women
placidly sewing the flag beside an opened
window. The Mentor noted the paintings
grace and charm.
Its too bad that Mosler is not so well
known today, Walker said. I think he was
very talented. He had a huge studio at
Carnegie Hall. He had a lot of pupils, and
he sold a lot of paintings.
Walters had donated a fourth Mosler,
which ended up as a footnote in modern
history just as it depicted the history of the
revolution. The paintingof the ringing
of the Liberty Bellwas destroyed during
a student protest against the Vietnam war
that turned destructive.
The Holy Family by Adam Van Noort, 1590
The four Moslers were painted during
a revival of patriotism and interest in
the revolution, Walker said. The Mentor
reported a demand now from many
sourcesfrom galleries, federal and state
governments, and from schoolsfor his-
torical pictures.
That helps to make the Moslers
especially interesting during the current
resurgence of patriotism in the wake of the
terrorist attacks of Sept. 11. The Moslers
of Old North all show the U.S. flag, which
has become ubiquitous today.
They arent the only significant paint-
ings in Old North, however, nor the oldest.
In the second floor hallway, for
instance, is a painting from around 1590
that depicts Mary, Joseph, the infant Jesus
and Mary Magdalene.
Walker called it a really fine painting
that would be quite desirable for a
museum collection. It has additional
interest because the artist, Adam Van
Noort, taught Peter Paul Rubens.
R ubens is represented by a 19th
century copy of his Four Philosophers,
which hangs in the Grand Reception
Room. The original, painted in 1611,
hangs in the Palazzo Pitti in Florence.
Also hanging in the reception room is
one of four known contemporaneous
copies of the Martyrdom of St.
Lawrence. The original, which once hung
in the San Francesco della Vigna church in
Venice, has been lost. It and the copies are
attributed to unknown 16th century artists
of the Santa Croce workshops in Venice.
They depict the saint being burned on a
gridiron.
Among the other works displayed in
Old North is a signed Pablo Picasso litho-
graph poster for the Galerie Alex Maguy
in Paris in 1962.
Contemporaneous copy of The Martyrdom of St. Lawrence, artist unknown, 16th century
Security, as well as esthetics, helped to
determine how the works were hung dur-
ing the 1983 renovation.

When we did the renovation we had
the opportunity to put in alarm systems, to
get the paintings bolted literally into the
walls and to design spaces to accommodate
pieces, Chieffo said. We designed that
stairwell to fit those (Mosler) paintings.
The large (Grand Reception) Room
provided an opportunity to hang some
of our larger pieces that were in storage,
like Betsy Ross.
Some paintings, including the Moslers,
are attached to a protective backing so you
cant inadvertently punch a hole in it or cut
through it on purpose, he said.
Part of the dilemma in a public space,
Chieffo said, is how you protect the
works. We went through a lot of trouble
to do that.
I think the purpose of our acquiring
art is that it will be utilized for education.
Otherwise, it lives in storage, which is not
our desire.

Copy of Rubens Four Philosophers, 19th century

Spring / Summer 2002 13

 Global Integrative Gains Increased Relevancy
Post-September 11
he terrorist attacks of September 11
T and the accompanying disrup-
tion of commerce and travel
complicated but did not halt McDonoughs
2002 international residency program.
Two international students couldnt
leave the United States during the one-
week residency, because of changes in
passport and visa administration, and had
to participate in substitute activities. Two
American students were allowed to do
alternative projects because of their fear of
traveling after the attacks. And the school
called off planned projects in India because
of terrorist incidents there and the threat
of war between India and Pakistan.
More than 230 second-year M.B.A.
candidates did complete more than 40
consulting projects in Argentina, Brazil,
Italy, the Czech Republic and Vietnam
March 916reassured by the facultys
attention to security.
McDonough M.B.A.s on integratives in Argentina...
14 The McDonough School of Business
by Tom Price
In the months leading up to the resi-
dency, the McDonough School had regu-
lar contact with U.S. embassies in the
countries where the students would travel
and with those countries embassies in the
United States. School officials kept in
touch with the faculty members, business
executives and Georgetown alums in those
countries that were helping with the pro-
gram. They had weekly communication
with the U.S. State Department and they
consulted Georgetowns own experts in
risk management and international affairs,
as well as the universitys legal counsel.
The faculty leading programs abroad were
required to lay out clear plans for what the
students should do if something were to
go wrong.
September 11 changed the global
experience to a degree, in the sense that
Georgetown M.B.A.s are now more aware
of how Americans are perceived interna-
tionally, noted Sam Chawla (MBA02),
M.B.A. student government leader. Our
...Italy
class is particularly sensitive to the impact
the American economy and American
values have on global affairs.
The residency, which is required
of all M.B.A. candidates, is central to
McDonoughs internationally-focused cur-
riculum. Students form teams of five or six
in late November, and each team consults
with a company on an international busi-
ness challenge. The team completes its
research overseas and presents its findings
to company executives on site.
This is part of what makes our pro-
gram distinctive, said Marilyn Morgan,
associate dean and M.B.A. program direc-
tor. And in light of September 11, the
global experience is even more relevant.
Our M.B.A.s successfully complete a
hands-on international consulting project
where they learn to meld American busi-
ness solutions to the particular economic
and cultural values of another country.
Because the global integrative is the
capstone of the Georgetown M.B.A. expe-
rience, Morgan noted that students in the
future will not be excused from the resi-
dency in the absence of extreme extenuat-
ing circumstances. International students
will be required to have their documents in
order for travel outside the United States.
Some of this years more interesting
residency projects were in Vietnam, a for-
mer U.S. enemy and a communist country
that wants to profit from doing business
with the West. Nine teams, with a total of
52 students, consulted for small Viet-
namese firms, state-run enterprises and
U.S.-based giants such as Cargill, Pepsi
and Citibank.
One team conducted a Citibank-
organized conference for seafood exporters
that want to increase their sales in the
United States under the bilateral trade
agreement that took effect in December.
About 50 managers plus 15 members of
the press attended the day-long confer-
ence, which generated news coverage for
Georgetown by nine Vietnamese publica-
tions and two broadcast media, and which
enabled Citibank to acquire at least two
new clients.
...the Czech Republic
The team made a presentation to the
full conference in the morning. In the
afternoon, each team member conducted a
small-group seminar on such topics as
understanding the U.S. business culture
and how to use the Internet effectively.
Student Cathy Kaboski (MBA02), who
led the workshop on business culture, said
she warned the Vietnamese that Ameri-
cans place much more emphasis on speed
and straight talk.
Things in Vietnam tend to take
much longer, she said. As in many Asian
cultures, many times things arent stated
but are understood. In the United States,
communication tends to be very direct.
Another difference is that women
seem to play a larger role in business in the
United States than in Vietnam, Kaboski
said. So another topic she addressed was
how to work with a woman boss.
Students value the residency for the
fact that they work with companies on real
business issues as well as for the interna-
tional exposure.
All students do research and meet in
teams on campus, said Sam Robfogel
(MBA02), whose team consulted with
Eurotel wireless in Prague. But this was
different, Robfogel said.
We were there at the company
with their chief operating officer and peo-
ple from marketing, distribution, legal and
all of thatand they had real problems
and were looking to us for real answers.
Ryan Orner, whose team worked with
Italian winery Marchesi del Frescobaldi,
said the project gave him an appreciation
for and understanding of the opportunities
and challenges inherent in conducting
international business.
Orner said he enjoyed doing research
before the triptalking to everyone from
the local wine retailers to the trade associa-
tions that represent importers and distrib-
utors and the like.
But the highlight, he said, was
visiting the leadership of the company in
Florence and visiting their estates. We got
tremendous access and insight to a very
well-known and respected winery.
...and Vietnam.
Spring / Summer 2002 15
 FACULTY FORUM
Enron Case Advances Study of Ethics
entioning that I teach
M business ethics or corporate
social responsibility is a
surefire invitation for
ridicule: Arent those oxymorons?
Implicit in these derisive barbs is the sup-
posed simple truth about businessits
bereft of morality, socially irresponsible,
and not likely to change.
These cynical expressions bring to
my mind Mark Twains famous aphorism
about simple truths, Theyre neither simple
nor true. Being from Missouri, I agree
with Mark Twain, especially in the case
of the one about business.
So its fortunate that I teach where I
do. The McDonough School of Business
seeks to develop principled business leaders.
The seriousness of this commitment is
expressed by required courses in business
ethics and by the business ethicists resident
within the School.
As one of those ethicists, I admire this
stance. But lest I create an exaggerated
impression, Im still a moral philosopher in
a business school. Lets just say that I can
relate to what it must be like to play foot-
ball for schools like Kentucky or Indiana
essential and legitimate, but obscure in
comparison to something else.
Then came Enron, and news of docu-
ment destruction at Arthur Andersen.
Suddenly the media sought the views of
business ethicists. Ill go out on a specula-
tive limb and say that a recent interview I
did with MSNBC was the first time a
financial news network had occasion to
broadcast from an office in the Philosophy
Department of Georgetown University.
16 The McDonough School of Business
Make no mistake; were not the least
bit gratified by this attentionbetter that
we could continue toiling in obscurity and
the innocent bystanders of Enron and
Andersen could continue to work at their
jobs and to profit from their investments.
But they cant. And for some observers, that Enrons failure provoked in the halls
their tragic losses confirm the immorality
of American corporate life and the futility
of the business ethics enterprise. Paradoxi-
cally, as our views became newsworthy, our
discipline aroused increased skepticism.
So, an explanation is in order; one that
places these events in a sensible perspective,
and one that describes the realistic goals for
ethical training of business students.
But first, a caveat. I entered this field
after a business careernine years as a
CPA, another nine as the chief financial
officer of Edward Jones, and a brief
sojourn as the CFO of Trans World Air-
lines. This is a weird background for a
moral philosopher. I share it to put my
observations in the proper context.
So, post-Enron, can we combine the
concepts of business and ethics without
sarcasm? I think so. For the moment,
bracket the hideous revelations flowing out
of Enron and consider instead the public
reaction to them. Were witnessing what is
by any standard an extraordinary response;
one that is usually reserved for serious
political scandals or matters of life and
death. Only a handful of episodes in
American business history have kindled
and sustained this much interest or this
much change.
Consider that Enron has attracted
Monica-like media attention; considerably
more than any other business failures of
recent memorythe stock market crash
of 1987, the savings and loan crisis, and
similarly dangerous episodes of recent
business history. And its not as though the
country has been in a slow news cycle since
last fall..
Consider the exceptional reaction
of Congress. Within weeks of its the
bankruptcy filing, committee members
from both houses of Congress lectured and
berated Enron and Andersen executives.
Not since the Pecora hearings of 1933
have we witnessed such a spectacle. Those
hearings gave rise to legislation that,
among other things, created the Securities
and Exchange Commission and the capital
market regulation in place today.
And consider the stunning market
reaction to Enrons collapse. Almost
impulsively, before Andersens survival was
in serious jeopardy, corporate boardsnot
famous for their reaction timessevered
their long-standing relationships with the
auditor. Investors now receive disclosures
they were denied in the past. The account-
ing industry is voluntarily restructuring
along lines they resisted for the past
decade. And the capital markets ravage any
companies that share the slightest similar-
ity with Enron. Some of this is a tempo-
rary overreactionmarkets do that. But
theres no mistaking that post-Enron,
some substantive business practices will
have changed.
It isnt plausible that Enrons size or
prominence alone accounts for the enor-
mity of this reaction. The story begins as a
big company going broke. But the inten-
sity and duration of the coverage and the
political and market responses are kindled
by something else. This reaction, I think, is
best understood in terms of moral indigna-
tion to the audaciously selfish and reckless
abuse of corporate authority. Whats under
our skin, mine anyway, are the people that
created the illusion of a successful, well-
capitalized, and profitable company out of
an over-leveraged mess of a money-losing
business. Our collective outrage is not over
Enrons failure so much as it is over its suc-
cess. More precisely, were not angry that
Enron failed, but that it succeeded on the
basis of a colossal lie.
This reaction is important because
it indicates what the American public
expects in the way of corporate integrity.
But contrary to the business-ethics-as-
oxymoron refrain, such expectations only
make sense in an environment where they
are routinely fulfilled. There are large parts
of the world where the public does not
expect corporate integrity. Recently, but
pre-Enron, I worked with a group of busi-
ness and government leaders touring the
U.S. in an effort to improve the moral cli-
mate of commercial life in their home
countries. They were baffled by our visceral
reaction to lapses in corporate integrity.
We should be reassured.
Reassured, but not complacent. The
public reaction to Enrons failure illustrates
the stakes of a moral failure in business.
Obviously other things failed as well,
including every safeguard; from the audi-
tors to the rating agencies. But theres no
substitute for personal integrity and safe-
guards will always be imperfect. The first
and final lines of defensethe moral
responsibility of imperatives of managers
is the focus of my discipline. The piece
of it Im interested to explain here is the
role of ethics in business education.
I cant speak for every business ethicist
but I try to accomplish two things in my
business ethics courses. The first is best
described as ethical conditioning, by which
I mean the self-restraint to behave decently
when theres something at stake. Like most
normal adults, my students have well-devel-
oped intuitions about right and wrong when
it comes to human behavior that affects oth-
ers. But while necessary, intuitions are not up
to the task of navigating the moral landscape
of business. Other things get in the way.
Ethical conditioning involves under-
standing and contending with these obsta-
cles. Management takes place against a
background of conflicting loyalties, ambigu-
ous obligations, chronic uncertainties, and
overwhelming temptations. Ones moral
duty isnt always obvious and acting on it
isnt always easy.
This situation cant be changed, but
students can be prepared for it. I try to give
my students an experience of making a
morally charged business decision under
realistic conditions. They analyze complex
cases, make decisions, and defend them
under combative conditions. I structure
these cases so that theyll be exposed to the
telltale signs of danger, including the cate-
gories of misjudgments that derail careers
and companies.
Im a guide in this process, and while
I have a target in mind, its not one I can
hold up. Ultimately, students have to dis-
cover and choose for themselves the values
theyre willing to live by. Perhaps as impor-
tantly, they must figure out the values
theyre unwilling to violate. Its ironic that in
a class of students obsessed over finding the
job of their dreams, I want them to decide
what theyre willing to quit over, before
theyre in the middle of the fray. Moral con-
ditioning involves practice, in a setting
where the only danger is a lousy grade.
My second goal is to convey a sense of
the moral possibilities of business. Genuine
moral dilemmas in business are extremely
rare. They seem to lurk everywhere because
morally satisfactory and and financially
feasible solutions are thought to be mutu-
ally exclusive. I believe the two can be
harmonized because I saw it done.
My job as a teacher is to provoke cre-
ative thinking so students, soon to be man-
agers, will be inclined to look for them.
Like any teacher, I hope my students have
rewarding careers. But I hope as well that
they lead decent lives. Understanding that
one need not get in the way of the other,
that combining the two is a lively possibil-
ity, is the starting point.
I dont suggest any of this is easy
because its not; its called work for a reason.
Assistant Professor
Edward Soule was a
general partner and
chief financial officer
for Edward Jones.
Prior to that he
practiced public
accounting with
a predecessor firm to KPMG. His book,
Morality and the Market: The Ethics
of Commercial Regulation, is scheduled
for publication later this year.
Spring / Summer 2002 17
Faculty
ACHIEVEMENTS
Professor Reena
Aggarwal was a
panelist on the
International Cor-
porate Governance
panel at the meet-
ing of the Eastern
Finance Associa-
tion in April 2002. She presented The
Future of Research on Corporate Gover-
nance in Emerging Markets: Role of Insti-
tutional Investors, at the Research Net-
work Meeting of the Global Corporate
Governance Forum at the World Bank on
April 5, 2002. On May 1, 2002 she pre-
sented Institutional Investment in Devel-
oping CountriesCorporate Gover-
nance at the U.S. Securities and Exchange
Commission International Institute.
Professor Alan
Andreasen is a
member of the
Greencom Tech-
nical Advisory
Group, Green-
Com, a $30 mil-
lion USAID pro-
ject focusing on environmental education
and communication. In March 2002, he
received a $2,500 grant from the National
Institutes of Mental Health to prepare a
paper on the use of social marketing to
address best practices in child mental
health. He published Marketing Social
Marketing in the Social Change Market-
place, in the Journal of Public Policy and
Marketing in March 2002, and Commer-
cial Marketing and Social Change, in the
Spring 2002 Social Marketing Quarterly.
18 The McDonough School of Business
Professor Robin Professor Robert
Dillon and Elisa- Grant published
beth Pate-Cornell Knowledge Man-
(Stanford Univer- agement and the
sity) won the 2001 Knowledge-Based
Transactions best Economy in the
paper award for General Management
co-authoring Review January-
Success Factors and Future Challenges in March 2002, vol. 3. He also published
the Management of Faster-Better- New Directions in Strategic Manage-
Cheaper Projects: Lessons Learned from ment in the Business Strategy Review
NASA, published in IEEE Transactions Spring 2001, vol. 12, pp.61-67. His chap-
on Engineering Management Feb. 2001, ter Corporate Strategy: Managing Scope
vol. 48, no. 1, pp.25-35. They have also and Strategy Content appeared in the
been awarded a $30,000 National Science Handbook of Strategy and Management
Foundation grant through Stanford Uni- 2002. His textbook, Contemporary Strategy
versity to study programmatic risk for crit- Analysis, is currently in its 4th edition,
ical engineering systems under tight Blackwell Publishers, 2002. His article,
resource constraints. The Knowledge-Based View of the
Firm, was published in The Strategic
Professor Allan
Management of Intellectual Capital and
Eberharts article,
Organizational Knowledge, ed. Nick Bontis
Comparable
and Chun Wei Choo, Oxford University
Firms and the
Press, 2002. He and Professor Paul
Precision of
Almeida co-authored
Equity Valua-
Are Firms Superior
tions, appeared in
to Alliances and
the Journal of
Markets? An Empir-
Banking and Finance 2001, vol. 25,
ical Test of Cross-
pp.1367-1400. He and Professor Akhtar
Border Knowledge
Siddique also co-authored The Long-
Building with J.
Term Performance of Corporate Bonds
Song in Organiza-
(and Stocks) Following Seasoned Equity
tional Science, 2002, vol. 13, pp. 147-161
Offerings, forthcoming in the Review of
and Knowledge Acquisition through
Financial Studies.
Alliances: Opportunities and Challenges
with Anupama Phene for The Blackwell
Handbook of Cross-Cultural Management,
ed. Martin Gannon and Karen Newman,
Oxford University Press, 2002, pp. 67-77.
 Professor Jeffrey Professor Douglas Professor Keith
Macher co- McCabe published Ord co-authored
authored Organi- Administering the Forecasting for
zational Learning Employment Inventory Control
in Economics Relationship: The with Exponential
with Christopher Ethics of Conflict Smoothing with
Boerner and Resolution in Ralph Snyder
David Teece (both Relation to Justice (Monash Univer-
at Berkeley) in the Handbook of Organiza- in the Workplace in the March 2002 issue sity, Australia) and Anne Koehler (Miami
tional Learning, ed. M. Dierkes, A of the Journal of Business Ethics. He also University, Ohio), published in the March
Berthoin-Antal, J. Chile, and I. Nonaka, presented a refereed paper titled The Pro- 2002 issue of the International Journal of
Oxford University Press, 2001. He also co- fessional Nonunion Employment Rela- Forecasting vol. 18, no. 1, pp.5-18.
authored eBusiness and the Semiconduc- tionship: Workplace Justice and Organiza-
Professor Betsy
tor Industry Value Chain in the forth- tional Due Process in Domestic and
Sigman received a
coming Industry and Innovation with Multinational Firms at the 2002 Interna-
$2,500 grant from
David Mowery and Tim Somcoe (both at tional Business Conference of the Society
the Center for
UC Berkeley). He presented Transaction for Advancement of Management, held in
New Designs in
Cost Economics: An Assessment of McLean, Virginia on April 7, 2002. Addi-
Learning and
Empirical Research in the Social Sci- tionally, he was named a principal coordi-
Scholarship,
ences, co-written with Christopher nator for the First Annual Conference on
Georgetown Uni-
Boerner, at the American Economics Business Ethics and Transitional
versity, to create Digital Discernment, an
Association meeting in Atlanta, January Economies, March 20-21, 2002, at the
online tool designed to help students learn
2002. He co-authored Mitigating the Czech Management Center, Prague,
to evaluate e-commerce websites.
Tradeoff Between Time-to-Market and Czech Republic.
Manufacturing Performance with Nile
Professor Marcia
Hatch (Brigham Young University), pre-
Miceli co-authored
sented at the University of Utah-BYU
Ethical Issues in
Winter Strategy Conference in March
the Management
2002. He also co-authored Technology,
of Human
Competition, and Politics: Plant Location
Resources with
Decisions in the Global Semiconductor
Janet Near (Indi-
Industry, 19952000 with Witold Henisz
ana University) in
(Wharton), which was a finalist for the Professors Teri Yohn and Patricia Fairfield
the Human Resource Management Review
Haynes Prize for Best Paper at the co-authored Using Asset Turnover and
2001, vol. 11, pp.1-9. They also co-
Academy of Business Annual Meeting in Profit Margin to Forecast Changes in
authored What Makes Whistle-blowers
Puerto Rico, June 2002. Profitability, published in the Review of
Effective? Three Field Studies, forthcom-
Accounting Studies, December 2001,
ing in Human Relations.
pp.371-385.

Spring / Summer 2002 19

 In the Media
Its no secret that Nasdaq has had global
ambitions. Theyve tried several different
ways to get into Europe, but theyve run
into a problem in that its a long uphill bat-
tle against entrenched incumbents, said
Professor James Angel in the Wall Street
Journals Nasdaq, London Stock Markets
Revive Talks of Possible Merger (Silvia
Ascarelli and Kate Kelly), April 25.
People who bought the IPO were used to
getting information from Piper, now they
dont have information about the stock. Its
obvious theres a problem when coverage is
dropped, said Professor William Droms
regarding U.S. Bancorp Piper Jaffrays sud-
den decision to drop coverage of biotech
firm Antigenics stock price in The Wall
Street Journal article Analyze This: Stock
Research Comes Under Fire in CEOs
Battle (Randall Smith and Geeta Anand)
April 16.
20 The McDonough School of Business
Its a big ticket purchase, so you do a lot
of comparison shopping, explained Lisa
Kaminski, director of the I.E.M.B.A. pro-
gram, about applying to executive M.B.A.
programs in the Washington Business
Forward feature article, The Executive
M.B.A. (Stephanie Berry Stark), April 24.
According to surveys by Georgetown
M.B.A.s and Citibank, establishing long-
term trade ties between sellers and buyers
is the main challenge facing Vietnamese
enterprises in general and seafood
exporters in particular, the Associated
Press noted in Citibank Delves into Viet-
nam-U.S. Seafood Trade, April 11.
Its great advice. To say anything other
than what Jim Schneider said is irresponsi-
ble. Ken Lays advice to calm the employ-
ees seems like he was oblivious to basic
investment principles, said Professor Ed
Soule about the Enron stock collapse in
the Houston Chronicle article Diversify
401(k)s, Dell CFO Urges, April 6.
The Georgetown University Credit
Research Centers study on the impact of
one-on-one counseling sessions at credit
agencies was cited in the Houston Chronicle
article Credit Score Sneaks into More
Facets of Financial Life, (Shannon
Buggs) March 25.
In the Houston Chronicles Many Hedging
Bets on Worthless Stock (Bill Murphy)
January 26, Professor Reena Aggarwal said
some shareholders are buying Enron stock
with the belief it could offer them added
leverage in bankruptcy proceedings.

It would have been another thing if he
did this often when he was CEO, if it were
a pattern somehow, noted Professor
Robert Bies in the March 28 Business Week
article Wheres the Heat on Neutron
Jack? (Brian Hindo), about how former
General Electric CEO Jack Welchs legacy
will not be tarnished by his recent personal
indiscretions. What it has done is take the
saint-like image and make it look like he
fell from grace.
For some professors, Enron has provided
a platform to proselytize about their
favorite business practices. Darryl Allen, a
visiting instructor of accounting at
Georgetown University, has used Enron in
his undergraduate courses as a vivid exam-
ple of the importance of cash flow, noted
The Washington Post in Crash Course on
Enron (Amy Argetsinger) February 23,
about how discussion of the firms collapse
is appearing in business school classrooms
across the country.
The terror of September 11 is a key fis-
sure in American lives. At Georgetowns
McDonough School of Business, we
investigated the repercussions of the terror
on international marketing policy and cor-
porate practices, wrote Professor Michael
Czinkota in an editorial Effects of Sept.
11 on Marketing Policy for The Japan
Times, January 15.

Professor Reena Aggarwal was inter-

The magnitude of the total impact on
regulated and unregulated industries is
unclear because its so new, said John
Mayo, director of the Center for Business
and Public Policy, about the rise in busi-
ness costs for industries subjected to fed-
eral efforts to prevent terrorism through
increased security in the Washington Times
article Terrorism Takes Toll on Bottom
Line (Tom Ramstack) March 1.
viewed on CNBCs Squawkbox by Marci
Rossell, CNBCs chief economist on
December 5, 2001, regarding the Enron
Many prestigious schools, however, do bankruptcy.
not run doctoral programs; these include
the Tuck School at Dartmouth College,
U.S., IMD in Switzerland, and the
McDonough School at Georgetown
University, Washington, D.C., the Finan-
cial Times noted in Tough Times Force
Rethink by StudentsDoctoral Education
(Lisa Wood), January 21.

Spring / Summer 2002 21

 Alumni Notes
UNDERGRADUATE
1974
Michael Conn left Morgan
Stanley to join Bank of America.
He is the president of the west-
ern region private bank and
assumes responsibilities for 34
offices on the west coast. He is
now living in San Franciscio.
Dan Keiner has been named
vice president and chief financial
officer of Banta Corporation in
Wisconsin. He recently com-
pleted a 25-year career with
PPG Industries in Pittsburgh,
most recently serving as trea-
surer. He and his wife, May Lou
Minogue (N74), will move to
Wisconsin at the end of this
summer. Their daughter Emily
graduates from Duquesne Uni-
versity this year and their son,
Thomas, is a sophomore at the
University of Richmond.
1983
George Becker III was recently
named vice president of Univest
Insurance, Inc., following the
merger of his family firm,
George Becker Associates, with
the Univest Corporation of
Pennsylvania.
We encourage all business
school alumniundergraduate,
MBA, and executive MBA
to send us class notes. Please
contact Elizabeth Shine at
202.687.4080 or e-mail her at
shinee@georgetown.edu.,
if you would like to become
a class agent. We do not accept
engagement or pre-birth
announcements.
1996
Jeff Settembrino and
Stephanie Samandar cele-
brated their wedding on Febru-
ary 24, 2001 in Miami, Fla. The
wedding ceremony was held at
St. Hughs Catholic Church and
the reception at Vizcaya Gar-
dens. Their family and friends
traveled from the Netherlands
Antilles, various U.S. cities, and
Europe to join them on their
special day. Other Hoyas who
attended the wedding were:
Nicholas Van Loan (B96),
William Coleman (B96),
Glenn Cho (B96), Eduardo
Nunez (B96), Despina
Paraskevopolous (B96),
Sarah Walters (CAS 96), and
Gwendolyn Herrate (SFS 96).
Stephanie and Jeff are currently
living in Miami.
2000
Elizabeth Benoit was married
last fall to Scott Haladay (C98).
The wedding and reception were
held in her hometown of Cape
Elizabeth, Maine, and a second
reception was held in Portland,
Ore., where her husbands family
resides. Elizabeths sister, Fran
Benoit (B01), and several other
Georgetown alumni were
members of the wedding party.
The couple honeymooned in
Tahiti and Hawaii. They now
live in Portland.
MBA
1987
Harvey Chimoff has launched a
new marketing newsletter,
V1TM Insights, in conjunction
with the redesign of his consult-
ing companys website,
www.velocity1.com. Chimoff is
founder and president of Veloc-
ity 1 Consulting, Inc., a market-
ing management consulting
company that specializes in
pragmatic marketing solutions
to increase sales. The firm has a
wide range of experience gener-
ating solutions for major brands
and companies.
1993
Class Agent: Jordan ONeill
jjoneill@chevychasebank.com
Christine (Evans) Richard
is working for Dow Jones News-
wires in New York as a debt
market reporter. Since graduation,
she has worked as a financial
markets reporter in Washington,
D.C., Hong Kong, Singapore
and New York. She married
Dean Richard in July 1995 and
they have a daughter, Sophie (4).
Genevieve (Needham) Robert
and husband, Chris, are the proud
parents of Madeline Grace, born
March 2, 2001. They enjoy living
in Richmond, Va. In November,
Genevieve started a new company,
the Titan Group, LLC, with two
of her former human resources
colleagues from Capital One.
Titan provides human resources
consulting, interim human
resources management, and
executive recruiting services. The
website is www.titanhr.com.
Spring / Summer 2002 23
 ALUMNI PROFILE
Alumni Notes
Alum Finds Success Tuning Into Her Passion
By Susan Price
For someone whos passionate about
1994
music, serving as chief operating officer for
Class Agent: David Gee
Viacoms VH1 music television and Country david@geefamily.com
Music Television has been a dream job for Adrienne Cox is the proud
Ann Misiaszek Sarnoff (B83). Her young mother of Carson Rebecca
daughter wasnt happy with Sarnoffs 1999
Praver (9 months) and Cole (3).
They live in Arlington, just min-
career move, however. It meant Sarnoff utes from Georgetown.
would cease being vice president of con-
Ron Drozd and his wife,
sumer products and business development for Nickelodeon. No more Denise, are proud parents of
bragging that my mommy makes the toys at Nickelodeon. Sarnoff their second child, Jacqueline
Rose, born January 4, 2002, and
consoled her child by pointing out that VH1 airs videos of Britney
weighing 8 pounds, 8 ounces.
Spears and other groups popular with adolescents. She was welcomed home by big
sister, Katie (2). The family is
After earning a Harvard M.B.A. in 1987, Sarnoff worked for a strategic still getting settled into their
consulting firm, advising Fortune 500 companies. After a course at new home in Richboro, Pa.
Manhattans New School, she decided to apply at Viacom. David John Egan is the proud
father of David John Egan IV,
I went in as a corporate strategist, she says, but thought I could go born February 15, 2002.
from there to MTV. Instead, she was asked to develop business for David Gee joined Yahoo! in
Nickelodeon, then headed by Geraldine Laybourne. I liked that it was December 2001 as vice presi-
dent, portal solutions, where he
run by a woman, Sarnoff says, a change from the male-oriented con-
packages Yahoo! portal and con-
sulting firm. And Im a better mom she adds, because she observed tent technologies and delivers
many focus groups with children whose candid feedback helped shaped them to enterprises world wide.
He encourages anyone in the
the channels content. It made me so much more in tune with the way
Bay Area to stop by and have
kids think. Her second child, born right after she took the job, cut his lunch with him at the Yahoo!
teeth on Nicks innovative pre-school programming. campus in Sunnyvale, Calif., and
he will give visitors a Do You
Sarnoffs marketing coursework at Georgetown served her well as she Yahoo! license plate holder.
developed Nickelodeons off-air business: licensing and merchandising, Dave Goldberg was promoted
home video and audio, publishing and live performances of favorite
to vice president, strategy and
business development, for
channel characters. And she developed the business plans for two Nick-
Choice Hotels International. He
elodeon spin-off channels, TV Land and Noggin. and his wife, Marni, recently
bought a house in Gaithersburg,
The offer to help lead VH1 meant the avid music fan could direct Md., where they are moving this
programming that is targeted to me. The target audience,
summer with their children,
Sam (4) and Zoey (2). Dave can
18- to 49-year-olds, makes it for people who have outgrown MTV, be reached at
she explains. Even if music isnt a big part of your life today, the david_goldberg@choicehotels.com.
programs make you feel good about music that meant so much to Mike Piwowar, his wife Eileen,
you when it first came out. and son Sean will be returning
to the Washington, D.C. area
this summer. Mike was just
24 The McDonough School of Business
named an Academic Economic
Fellow by the U.S. Securities and
Exchange Commission. The
position is a one-year appoint-
ment in the Office of Economic
Analysis.
Alona Ponomareva visited
Tokyo, Japan for the first time in
mid-February and looked up
Ryuta Sato, whose current e-
mail is: ryuta.sato@nifty.ne.jp. He
showed Alona around Tokyo on
her one free day and they had a
great time, ate a lot of sushi,
went to see an old Buddhist
temple in the Asakusa district of
Tokyo, and took a boat back to
where she was staying (the area
near the Imperial Palace). She
said it was really nice to see him,
after all these years! Ryuta is a
great expert on French wine and
recently received a diploma to
confirm that (after completing a
course of study on the subject).
Alona is working at the World
Bank, investing the Banks $12
billion pension fund.
Matt Tucker loves all venture
capitalists... you can ask him why
at mtucker@RelySoftware.com
1995
Class Agents: Scott Shore and
Amy Van Dyke
Abvandyke@aol.com and
scott.a.shore@pwcglobal.com
Class agents Scott Shore and
Alison Van Dyke would like you
to e-mail them your preferred e-
mail address so that they can col-
lect class notes and keep you in
touch with your classmates.
Fadi Aabidi is currently residing
in Saudi Arabia and working in
the corporate finance depart-
ment at the Saudi French bank
in Riyadh. Most of his work
 MBA
involves financial modeling and
valuing companies for the pur-
poses of conducting mergers
and acquisitions.
David Alexander is still work-
ing with publishing company
Prentice Hall, and lives on the
Eastern shore in Maryland.
Dionne Anthon is now living
in the Philadelphia area. She is
not applying her MBA skills to
putting together highly techni-
cal NCAA office pool spread-
sheets, as that would be illegal.
Karen Chmar married Steven
London, a commercial real
estate broker, on June 2, 2001, at
the Galleria at Lafayette Center
in Washington, D.C. They hon-
eymooned in Thailand and
Cambodia. As they were leaving
their hotel in Cambodia they
ran into Andres Keiger!
Exactly half way around the
world from Georgetown, they
ran into another Georgetown
MBA!
Gustavo Darquea is living
with his wife, Paola, and three
boys, Gustavo (5), Santiago (2),
and Sergio (born 2/14/02), in
Guayaquil, Ecuador. A year ago,
he started his own industrial
catering company there, Trebol
Verde Hotels and Food Ser-
vices, a member of the Catering
Service Group, which serves
about 35,000 meals per day.
Giselle Engstrom is living in
Los Angeles, Calif., and is still
working for a division of
Fox/News Corp.
Eli Faskha married Vicky
Cohen on June 18, 2000, and
they now live in Panama. With
a partner, Eli started Soluciones
Seguras, a company dedicated
to Internet security, in October
2001. They are check-point
firewall consultants and
resellers. They also travel
throughout Central America to
consult on digital certificates
and other security solutions for
large clients.
Bill Fessler and his wife
Amanda celebrated their eighth
wedding anniversary on January
15, 2002. Bill and Amanda were
married in Dahlgren Chapel in
1994. They have two children,
Ellie (3) and Alex (1), and
are living in Phoenix, Ariz.
(where Bill attended game 7 of
the World Series). Bill is run-
ning a successful publishing
company, Primer Publishers,
dedicated to travel and outdoor
subjects in the Southwest. He is
the third generation of Fesslers
to run the company, but the first
to make it a full-time operation.
Susan Fitch works for Teledyne
Technologies, where she is a
business unit chief financial
officer. She has responsibility
for two manufacturing
facilitiesone in Sacramento
and the other in Mountain
View. She is living in Plac-
erville, Calif., on a small ranch
in the foothills of the Sierras.
Melissa Frank and her hus-
band, Gary, are the proud par-
ents of Caitlin, born on May 24,
2001. Melissa and Gary are
sleepless in Stamford, Conn.
Lori Greiner is living in
Denver, Colo., working for
Invesco Funds. She moved there
to use the thin air to hit a golf
ball farther.
Nikolay Greynert is working
in southern Ukraine as human
resources director for Chumak,
a company manufacturing
ketchups, pickles, mayonnaise, weekends in the mountains ski-
and sunflower oil. The company ing in the winter and fishing in
exports its products to the U.S. the summer. Give them a call at
and distributes them primarily home (303) 424-4124 or at
in New York and Chicago. work (303) 272-2396.
Faysal Hamza and his wife, Andy and Andi Libuser moved
Roula, were married on March to London last May, where
2, 2002, in Lebanon. Andy works for Spring, a global
provider of human capital man-
Anthony Hovsepian and his
agement services, in their Inter-
wife Stephanie welcomed their
net sales division. Andi remains
son, Jacob Jake Allen, into the
at home with their daughters,
world on March 24, 2002. He
Kyra (3) and Emma, born in
was 7 pounds, 4 ounces of pure
July 2001. They hope to have
muscle, just like his dad, and
fun traveling in Europe.
every bit as good looking.
Nichandro Ortiz is a man of
Steve Jordan is vice president
two countries. He is working for
and executive director of the
the World Bank and other
U.S. Chamber of Commerce
international organizations that
Center for Corporate Citizen-
require he maintain a residence
ship. He and his wife, Roxana,
in Washington, D.C., while
are proud parents of Sophia,
spending a lot of time in Mex-
born March 10, 2001. They are
ico. Nichandro is married to an
living in Alexandria, Va.
American who works at the
Alan Kirk is working at Talk Brookings Institution. They
America, a local and long dis- have a son, Jacob, born last
tance telephone service August.
provider. He is director of
Cheryl Power lives in San
incumbent local exchange carri-
Francisco, Calif., and works for
ers relations, and spends most of
a boutique consulting firm,
his time investigating the
TopDown Consulting, which
regional Bell operating compa-
specializes in financial systems
nies for anti-competitive behav-
implementations using Hyper-
ior and also lobbying the state
ion software. The company has
public utilities commissions and
grown from four employees
the Federal Communications
when she started a year-and-a-
Commission. His twin boys are
half ago to twelve currently and
now 11-years-old and his wife
she travels frequently for work.
continues to teach high school
English in Montgomery Gretchen Reachmak left Ernst
County, Md. & Young about two years ago to
join an information technology
Andris Levensteins has been
subsidiary called Ernst & Young
with Sun Microsystems Inc. in
Application Services (EYAS).
Broomfield, Colo., as a business
Since then, Cap Gemini pur-
development manager for Sun
chased the Ernst & Young
Support Services for more than
consulting arm, which included
a year. He lives with his wife,
EYAS. Gretchen now works
Ingrid, and their son, Niklavs, in
for Cap Gemini Ernst & Young
Arvada, Colo. They spend their
in Chicago.
Spring / Summer 2002 25
 Alumni Notes
Jorge Serpa is now living in
Rome, after three years in Rio de
Janeiro, Brazil. Jorge left Enron
to dedicate himself fully to com-
petitive sailing, racing and cruis-
ing, on a 40-foot racer/cruiser.
Rich Sherman is living and
working in the Philadelphia area,
analyzing tech companies. His
thespian endeavors are well
renowned in the suburban
Philadelphia area.
Navdeep Sodhi is living in
Minneapolis, Minn., and has
been working for Medtronic, a
medical device company, for the
last two years. He married Mui
Lee in October 1999 and they
have a bouncing two-month-old
named Ishan.
Matt Strelecky is at Aetna,
managing information technol-
ogy projects. He and his wife
Lisa have two children, Andrew
(6) and Thomas (2). Andrew
says that he wants to go to meet-
ings all day just like Dad does
when he grows up.
Alison (Daly) Van Dyke was
elected in November 2001 to the
school board of Burlingame,
Calif., where she lives with her
husband Bill Van Dyke and one-
year-old daughter, Claire.
Baoky Vu was appointed by
President George W. Bush in
August 2001 to serve on the
Presidents Advisory Commis-
sion on Asian Americans and
Pacific Islanders.
1997
Class Agent: Andrea Alexander
aalex13@att.net
Susan Thompson-Hoel and her
husband, John, had a baby girl,
Tyler Rivers, born on December
26 The McDonough School of Business
1, 2001. Tyler was welcomed
into the family by her big
brother Jack (2). The family lives
in Vienna, Va. Susan is now a
full-time mom and is glad she
left Andersen.
Malinda (McCulloch) Marsh
has updated information:
300 South Pleasant Ave.
Ridgewood, NJ 07450;
Phone (201) 689-3169
malindammarsh@yahoo.com.
She switched careers and is now
a professor. She teaches at Berke-
ley College in New Jersey, in the
business department. She has
had the opportunity to teach
courses in management, intro
to business, accounting, finance,
and e-business and loves her
new career!
Alex Mouslon started working
for McKinsey in New York in
August 2001 and is planning on
moving to Munich, Germany
later this year. In her free time,
Alex is learning German, doing
aqua-aerobics, and practicing yoga.
Robin Young-Cordona is
still working for Development
Alternatives Inc., and living in
El Salvador, where she survived
numerous earthquakes during
2001. She is consulting with
local financial institutions on a
rural micro-finance project. In
November, she and her husband
Carlos had their first child,
Nicolas Andres. Fellow George-
town moms, Melissa Tucker
and Mollie Dougherty, have
provided valuable advice on this
amazing experience. Robin loves
to hear from folks, so feel free to
contact her at
robin_young@dai.com or check
out Nicolas website, www.geoci-
ties.com/nicolasandrescardona.
1998
Class Agent: Brian Knox
bknox@hess.com
Peter Brown and his wife,
Vicki, are proud parents of
Matthew Joseph, born April 4,
2002. Peter continues to work
for Arthur Andersen in their
business consulting division.
Ricardo Colin remains in Sao
Paulo, Brazil, working for Inter-
American Express Bank. He
manages fixed income hedges
and foreign exchange mutual
funds.
Luis Miguel Diaz-Llaneza and
his wife, Monica, are the proud
parents of Natalia (3), and
Andres (1). Luis Miguel now
works for American Express as
the relationship management
director for Mexico.
Hal Lambert and his wife,
Elaine, are proud parents of
Meredith Elaine, born on
December 19, 2001. Hal reports
that young Meredith looks quite
a bit like her father (classmates
can decide whether thats a posi-
tive or a negative). The couple is
relocating to Denver, where Hal
will help open the local J.P.
Morgan downtown office.
Paul LaPorte has a new email
address: plaporte@comcast.net.
Andy Nulman left his post at the
U.S. Department of Commerce,
import administration, to join the
faculty at the University of Mary-
land University College. He has
been appointed associate profes-
sor in the department of account-
ing and finance at Maryland.
Alan Randolph and Kristin
Hinrichs Randolph are proud
parents of daughter Naomi
Kathryn, born on February 11,
2002. Alan, Kristin and Naomi
Alumni Notes
currently live in Oak Park, Ill.
Alan still works for Veritas, a
software company specializing in
storage management solutions,
while Kristen, following mater-
nity leave, will return to her job
at Wirthlin Worldwide, a mar-
ket-research consulting company.
IEMBA
1997
Class Agent: Lynn Miller
MlleMiller@aol.com
Robin Abraham is working in
Europe as senior vice president
for legal and business affairs at
With Grace Entertainment.
Marcel Bahro is now the medi-
cal director at the Zug, Switzer-
land affiliate of Wyeth, a global
pharmaceutical and healthcare
company.
Michele Young Barnum spent
time at home with her twins,
Megan and Katie, and is now
back to work at MSR Commu-
nications in San Francisco as
vice president for client services.
Jean Luc Bjot and his family
have returned to France. They
decided last summer that they
were missing their French way
of life. He resigned from Prest-
wick Scientific, a privately-
owned pharmaceutical company,
and left Washington, D.C. in
August. Jean Luc is now looking
for a position in the pharmaceu-
tical industry in France.
Clark Beyer and his wife,
Gretchen, are proud parents of
Ryan Harris, born in April 2002.
According to Clark, he resem-
bles a small elderly man. Mother

and baby are doing great, and his
sister, Brooke, cant wait to get
him home so the fun can begin.
Since his dot-com firm failed in
December, Clark has been con-
sulting. Anyone interested in
talking with Clark about new
opportunities in the energy/high
tech fields should drop him a
line at cmbeyer@mindspring.com
or clark@globalfuel.com.
Paul Burdick recently saw Amy
Sample and her daughter in a
bookstore. He also had lunch
with Bill Grove. Bill has recently
joined Booz Allen Hamilton.
Sally Buzbee is back from
Saudi Arabia and has been busy
with work at the Associated
Press. She was one of the
reporters accompanying Defense
Secretary Rumsfeld on his visit
to troops inside Afghanistan.
Some great guys there, doing
tough work, she wrote.
Dan Campbell is still having
fun in Newport Beach, Calif. He
is working as a technology ana-
lyst for Roth Capital Partners,
and is excited about handling a
small tech IPO. At last report,
he was headed off to Hong
Kong, in search of the great ex-
pat bar we all hung out at.
Paula Coe has been busy relo-
cating from England, consult-
ing, and raising two children,
Ryan (4) and Jenna (19 months).
Paula and her husband, Rich,
returned to North Carolina in
August after three years in Eng-
land. Paula taught at a small uni-
versity in England and plans to
continue teaching in North Car-
olina this fall.
Mike Cook is still with Inger-
soll-Rand in Pennsylvania and is
responsible for planning and
business development within the
road development group. Mike
works on acquisitions, alliances,
and managing the firms plan-
ning process.
Nicholas Davidson and his
wife, Pauline, have been enjoy-
ing the wonders of new parent-
hood since the birth of Gabrielle
Felicity Marguerite on Decem-
ber 28, 2001. (Nicholas notes
that Pauline likes to follow the
French custom of lots of Chris-
tian names!) Nicholas is still at
McKinsey, getting a steady
trickle of e-mails from current
Georgetown MBAs wanting
advice on how to get in to the
summer associate program. He
is working for a major client in
the music industry, which he
says, is providing plenty of fun
challenges, not least in fitting in
with their dress codetheres
certainly no sign of the alleged
return of the suit there. Nick
would love to see any classmates
who are passing through London.
Dan Everton is still with IBM,
and enjoying life in Reston, Va.
Lucy Fitch has taken the con-
cept of IEMBA teamwork to
new heights. In addition to hir-
ing Dennis Morris, she has also
hired Bob Johnson to join her
team. Lucy worked on the intro-
ductory case with Professors
Bob Bies and Lamar Reinsch
again this year for the incoming
IEMBA class. She and her hus-
band, David, are doing great. He
is the deputy dean for the Pen-
tagons Defense Acquisition
University and she says we see
each other over late dinners at
10 pmif were lucky! They
catch up on weekends and ride
their two horses through the
woods along the Potomac.
ALUMNI PROFILE
Alum Mines Tech Opportunities Despite Sectors Decline
by Elaine Ruggieri
In adversity, seek opportunity. Thats William Diamonds (MBA83)
modus operandi.
Diamond is president and CEO of
WaveSplitter Technologies, Inc.
Headquartered in Fremont, Calif.,
WaveSplitter is an independent
provider of optical components and
Diamond in his study with a large-
modules for optical networking
format field camera. Photography
system manufacturers worldwide. is a favored hobby.
Although the telecommunications
sector has suffered severely in the recent recession, Diamond softens the
challenge of managing through these difficult times by understanding that
opportunities still exist.
The need for communications bandwidth hasnt stopped. It will continue
to grow, driven primarily by the Internet and the deployment of optical
technology, says Diamond, who has worked in the international, hi-tech
field since earning his M.B.A.
Diamond says what he likes best about his job at WaveSplitter is the
requirement to shift gears quickly, moving from the sublime to the mun-
dane. I thrive on the dynamics of executive management, says Diamond.
Its financing and mergers and acquisitions one minute, and health and
benefits and facilities planning the next. The constant is the need for lead-
ership, direction and decisiveness.
With a degree in physics from Holy Cross College, Diamond enrolled at
Georgetown and became a member, unwittingly, of its first M.B.A. class,
not realizing that Georgetown had just established the program in 1981. I
was drawn to Georgetown because of its general reputation for excellence
and its emphasis on providing an international perspective, he notes.
He was awarded a fellowship that enabled him to work with an international
marketing expert and counsel undergraduate business students. Reflecting
on his M.B.A. experience, Diamond lists courses in operations, finance, and
strategy and business policy among the most valuable to his career.
Diamond, his wife Susan, and their sons Michael (13) and Christopher (10)
live in Los Gatos, Calif., where they like to hike and ski in the High Sierras
and enjoy the coastline of Big Sur and Monterey.
Spring / Summer 2002 27
 Alumni Notes
Todd Hatfield is consulting in
Virginia. He recently incorpo-
rated his business and hopes to
move consulting work to the
new entity, Competitive Advan-
tage Technologies, Inc.
Suzanne Kaiser is very busy in
New York, where she writes for
Architecture and Stage Directions
magazines. She recently com-
pleted two features on Frank
Gehrys new controversial theater
at Bard College, and another on
the restoration of the Apollo
Theatre in Harlem. She is a
member of Columbia Univer-
sitys Reuters Forum on global
economics, titled Jihad vs.
McWorld, with such notables
as Stephen Roach of Morgan
Stanley, John Birkelund of UBS
Warburg, James Fallows of
Atlantic Monthly, Warren Bass of
the Council on Foreign Relations
and many other economists and
government agency heads. She is
involved in three literary clubs in
Manhattan and remains very
involved in Federated Garden
Clubs of America and the New
York Botanical Garden.
David Klatt left behind his
start-up experience at AirClic to
join Newell Rubbermaid, sell-
ing garbage cans for a living!
David is now one of the senior
executives at Rubbermaid, work-
ing for legendary CEO Joe Galli
as group president of the Rub-
bermaid Group. According to
their website, he joined Rubber-
maid in April 2001 as president
of Rubbermaid home products,
and was promoted in July 2001
to his current position.
Michael McCarthy is now con-
sulting with telecom pioneers
Jack and Sandra Goecken. Jack
was a co-founder of MCI and
28 The McDonough School of Business
his daughter Sandra pioneered
aviation communications with
AirFone.
Lynn Miller has made time for
some volunteer activities in
addition to her full-time respon-
sibilities with Texas Instruments.
She was invited by the Maryland
High Tech Council to judge
their annual tech awards. Lynn
keeps busy with Lehigh Univer-
sity activities, recently returning
to campus to teach a class and to
moderate a Career Day panel.
J.D. Pellecchia is living in
Tampa, Fla., with his wife and
son, and works at Merrill Lynch.
Scott Phillips is on sabbatical
from his job with Accenture in
San Francisco. He and his wife,
Martina, moved to Prague,
where Scott will get to know the
Czech side of the family and
complete the novel he has been
writing. He will return in April
2003. His e-mail contact
remains the same g.scott.phillips@
accenture.com and Scott asks that
anyone passing through Prague
in the next year drop him a line.
Kevin Pitts and his wife, Jen-
nifer, are proud parents of Alli-
son, born in October 2001. She
joins her two-year-old brother.
Kevin reports that he is still try-
ing to make the world a more
comfortable placemaking fur-
niture. Business is excellent
despite the economic conditions.
Amy Sample is now the direc-
tor, benefits strategy and design,
at US Airways. She is responsi-
ble for the strategy, design, selec-
tion, negotiation, and contracting
for all employee benefit plans,
spending $400 million annually
for 40,000 employees. She thinks
it is really interesting to work for
a company that is in the news hit the funding wall as the capi-
Alumni Notes
almost every day. She is thor- tal markets dried up, he notes.
oughly enjoying daughters Kalin Preferring to stay in Europe, he
(1) and Milena (4). Kalin is now is looking at other opportunities
walking and starting to talk. in the U.K. Mikel would love to
Milena never stops talking and catch up with classmates living
is doing very well in preschool. in London and traveling
through.
Eric Sklar has a wonderful home
in beautiful Napa Valley. He is a
partner with Lend Lease Real
New Email Address Changes
Estate Investments, working from
Make a Note:
the San Francisco Bay area.
Robin Abraham: robin@withgrace.net
Bruce Spencer is now working
Marcel Bahro: bahrom@wyeth.com
as a financial consultant for the
Jean-Luc Bjot: jlbejot@wanadoo.fr
company that he ran in Guam,
Paul Burdick: pburdick@aes.com
and as a packaging and commer-
Dan Campbell: DCampbell@rothcp.com
cial printer in New Jersey. His
Paula Coe: Richandpaulacoe@cs.com
consulting job requires he travel
Mike Cook: mike_cook@irco.com
1014 days a month.
Daniel Everton: deverton@us.ibm.com
Gene Troy is now with the Bill Grove: grove_bill@hotmail.com and
International Institute of grove_bill@bah.com
Ammonia Refrigeration (IIAR) Robert Johnson: robert.e.johnson@baesys-
as technical director and vice tems.com and rejcjj1@email.msn.com
president of engineering. The David Klatt: david.klatt@rubbermaid.com
institute works on developing Dennis Morris: d.dmorris@ntlworld.com
safety standards and helps mem- Jon Pellecchia: JPellecchia@pclient.ml.com
bers understand regulations and John Stabb: jstabb@aethersystems.com
technical matters. Gene Troy: gene_troy@iiar.org
Leila Webster has returned to
the U.S. after her sojourn in
Vietnam. After three years in
Hanoi working on small busi-
ness promotion in Vietnam,
Cambodia and Laos, Leila is
back in D.C. with the Interna-
tional Finance Corporation. She
now works in a newly formed
small business department,
focusing mostly on South Asia.
She makes the long trek to
Dhaka frequently.
Mikel Williams, who has been
based near London for the past
few years, says his family loves it
there. He has left GTS. The
company, as with most new tele-
com firms, assumed too much
debt in the markets hay day, and
georgetown university Non Profit Organization
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