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Inside: Simon Receives Major Gifts • The Student Visa Crisis • All-Simon Alumni Reunion • 2006–2007 Report on Giving Simon BUSINESS SIMON GRADUATE SCHOOL OF BUSINESS • UNIVERSITY OF ROCHESTER Winter 2007–2008 A Day in the Life: Constellation Brands

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William E. Simon Graduate School of Business Administration

Rochester, New York 14627

Inside: Simon Receives Major Gifts • The Student Visa Crisis •All-Simon Alumni Reunion • 2006–2007 Report on Giving

SimonBUSINESS

SIMON GRADUATE SCHOOL OF BUSINESS • UNIVERSITY OF ROCHESTER

Winter 2007–2008

Summer Business Institute @ SimonDo you know a current college student or newly minted graduate?Help them discover exciting opportunities in business this summer!� Increase the employability of your graduating son or daughter

� Students get a head start on their career paths

� Three-week, 6-credit program includes courses in five areas: general management, marketing, leadership, business law, and accounting and finance

� Network at C.E.O.-hosted dinners

Enrollment is limited. Apply now! Application Deadline: April 1, 2008For more information, contact us at (585) 275-3533or visit www.simon.rochester.edu/summerinstitute

Students explore

their future career

options and gain an

overview of the

business world

during our

concentrated

three-week

program at the

Simon Graduate

School of Business

at the University of

Rochester.

A Day in the Life:Constellation Brands

June 2–20, 2008

What do you think of SIMONBUSINESS?We want to make SIMONBUSINESS a better magazine for your needs.

Please take a few minutes to complete this readership survey and share

your ideas with us. Then, cut the survey from the magazine on the line at

the right , triple fold it on the dotted lines below, tape, and mail it to us.

Thank you!

Please fold along dotted lines, seal with tape, and mail. Thank you! Please fold along dotted lines, seal with tape, and mail. Thank you!

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BUSINESS REPLY MAIL FIRST-CLASS MAIL PERMIT NO. 137 ROCHESTER, N.Y.

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University of RochesterWilliam E. Simon Graduate School of Business AdministrationMarketing and CommunicationsP.O. Box 23029Rochester, New York 14692-9803

Simon School Receives $5.4M in Major GiftsThe Simon Graduate School of Business has received five major gifts totaling $5.4 million that will help to enhance faculty recruiting and retention, promote entrepreneurship education and offer more scholarships based on academic merit and financial need.

The five donors and their gifts are:

• The William E. Simon Foundation, $2 million for student scholarships based on outstanding academic and professional performance as well as positive impact on the world;

• Michael Rosen ’83, $1.5 million for an endowed professorship in finance;

• Mark Ain ’67, $1 million for increasing the number of students who will be studying entrepreneurship and entrepreneurial activities at Simon;

• Francis Price ’75, $400,000 to the Simon School as part of a $1 million gift to the University for need-based financial aid to enhance diversity; and

• An anonymous donation, $500,000 for faculty support.

“We are deeply grateful to the alumni and friends who are enabling us to achieve the key goals in our School’s strategic plan,” says Dean Mark Zupan.

Based in New York City, the William E. Simon Foundation supports programs that are intended to strengthen the free enterprise system and the spiritual values on which it rests: individual freedom, initiative, thrift, self-discipline and faith in God.

Michael Rosen, a University of Rochester trustee, is C.E.O. of Context Capital Management L.L.C. in San Diego, Calif., an investment company he founded in 2001. He earned an under-graduate degree at the University of Rochester and an M.B.A. from Simon.

Mark Ain is founder of Kronos Incorporated, the Chelmsford, Mass.-based market leader in the workforce management industry. Ain is a member of the University of Rochester Board of Trustees and the Simon School Executive Advisory Committee. He funds the Simon School’s Mark Ain Business Model Competition, an annual event.

Francis Price, who earned an undergraduate degree from the University of Rochester and an M.B.A. from Simon, is president and C.E.O. of Interact Performance Systems Inc. of Anaheim, Calif., and president and C.E.O. of Q3 Industries Inc. of Columbus, Ohio. He is a University trustee and was recently awarded the David T. Kearns Medal of Distinction during Simon School 2007 Commencement ceremonies. The award recognizes “significant achievement in business, public service and education.”

Simon Team Raises $7,125 for Alzheimer’s Association

The Simon School team of 44 students, faculty, staff, alumni and friends raised $7,125 for the Alzheimer’s Association at its annual Memory Walk on September 27, 2007. The team came in as the highest fund-raising group at the event, held in Canandaigua, N.Y. Team captain Chris Adams ’08, whose father died of a rare form of the disease when Chris was 15, was the walk’s highest individual fundraiser.

Simon’s participation in the walk was part of the nationwide Team M.B.A. initiative, in which friends of the M.B.A. community gather to-gether to perform community service and participate in charity events to promote the goodwill of the M.B.A.

(Pictured, from left): Raghu Gupta ’08, Brigid Crean ’09, Dusty Riddle, ’09, Rachel Freundschuh ’08, Adam Echter ’09, Vivek Gera ’08 and Chris Adams ’08.

(Pictured, top row, from left): Dan Struble, Jane Struble, Gina Mangiamele, Susan Bauer, Adam Echter ’09, Ingrid Echter, Derek Clemmensen ’09, Jillian Ocasio ’08 and Howard Reid ’08. (Second row, from left): Debbie Trieste, Richard Rodriguez ’09, Raghu Gupta ’08, Dusty Riddle ’09, Kamesh Moola ’09, James Wright, Ramandeep Kukreja ’08 and Nick Korba ’09. (Bottom row, from left): Lee Jokl ’09, Nicole Trieste ’09, Brigid Crean ’09, Vivek Gera ’09, Chris Adams ’08, Amanda Mari ’09, Jane Adams and Sarah McLellan.

(Pictured, from left): Chris Adams ’08, Alexandra Conboy ’09, James Wright, Richard Rodriguez ’09, Sarah McLellan, Nick Korba ’09, Adam Echter ’09, Ingrid Echter, Jillian Ocasio ’09, Derek Clemmensen ’09.

Survey

SIMONBUSINESS Readership Survey Winter 2007–08

When you receive SimonBusiness , do you usually:

___ Read it cover to cover ___ Read some of it

___ Read most of it ___ Read none of it

When you receive SimonBusiness , how often do you read each of the following sections?

Please circle appropriate numbers.

Always Usually Sometimes NeverDean’s Corner 1 2 3 4Cover story 1 2 3 4Feature stories 1 2 3 4Upfront news 1 2 3 4

Of all the above, which do you read fi rst? ______________________________________________________________

How do you rate SimonBusiness in each of the following categories:

Please circle appropriate numbers.

Excellent Good Fair PoorQuality of writing 1 2 3 4Range/mix of topics 1 2 3 4Photo/illustration quality 1 2 3 4General appearance 1 2 3 4Cover and design 1 2 3 4Coverage of the Simon School 1 2 3 4

How much of your information about the Simon School comes from SimonBusiness?

___ All ___ Most

___ Some ___ None

How do you rate SimonBusiness in terms of the following objectives?

Excellent Good Fair PoorProvides useful information 1 2 3 4Stimulates thought 1 2 3 4Provides coverage of Simon issues/events 1 2 3 4Projects a positive image of the Simon School 1 2 3 4

Magazines such as SimonBusiness attempt to provide various services to their readers. Please rate the importance of the following services to you by circling the appropriate numbers.

Very Fairly Somewhat Not at all Important Important Important ImportantProviding a magazine that stimulates thinking 1 2 3 4Presenting a positive image of the Simon School 1 2 3 4Telling me about other Simon School alumni 1 2 3 4Offering me an opportunity to continue my interaction with the Simon School 1 2 3 4

To assist in planning future issues of Simon Business magazine, please indicate how interested you would be in the topics at right by circling the appropriate numbers.

Very Fairly Somewhat Not at all Interested Interested Interested InterestedStudent projects and accomplishments 1 2 3 4Columns by faculty or alumni experts 1 2 3 4Simon history 1 2 3 4Current topics in business 1 2 3 4Faculty profi les 1 2 3 4Alumni profi les 1 2 3 4Staff profi les 1 2 3 4Fund-raising/development information 1 2 3 4News of faculty awards/accomplishments 1 2 3 4

Are there ways the Simon School could improve its communication with you?

Comments: ______________________________________________________________________________________

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What is your relationship to the Simon School?

___ Alumni ___ Corporate Executive ___ Simon Faculty/Staff ___ Friend

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___ Other (please specify) ___________________________________________________________________

If you are a graduate of the Simon School, please indicate the type(s) of degree(s) you obtained.

___ Bachelor’s degree/major ________________________________________________________________________

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Winter 2007–08

• Simon Holds First Convocation Ceremony• New Technology Helps Simon Students Connect• Recent Rankings• Simon Provides Non-Degree Executive Education• New Completion Option Available for Finance Master’s Program• Simon Welcomes National Business Leaders• Simon Establishes Three New Centers• New Hires and Promotions• In Memoriam: George J. Benston• Executive Advisory Committee Members• Alumni Council• University Creates New Graphic Identity—Simon Logo Redesigned • Simon National Media Coverage

03 Upfront

13 Research Leadership Highlights• Sarbanes-Oxley Act —by Sally Parker • Faculty Hires/Elections

A Day in the Life at Constellation Brands. —by Charla Stevens Kucko

15 Fruits of Their Labor— Cover Story

A current cap on work visas is making it more diffi cult for international students to work in this country. Simon School faculty, staff and students are trying to help international students fi nd ways to overcome this challenge. —by Kathryn Quinn Thomas

22 The Student Visa Crisis

24 In Memoriam: Michael J. Barclay A tribute to the late Michael J. Barclay, one of the Simon School’s brightest faculty stars.

27 2006–2007 Report on Giving

38 Alumni News

• All-Simon Alumni Reunion• Dean’s Corner• Alumni Gatherings• Mergers and Acquisitions• Class Notes• Alumni Leader Profi les: Dana Mehnert

’91; Francis L. Price, ’74 B.A., ’75 M.B.A.; Roland Caputo ’84; Christian Hafner ’96; Mary-Beth Cooper ’00.*

U N I V E R S I T Y O F R O C H E S T E R | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | SimonBusiness | 01

• Class Lists• Matching Gift Corporations• Corporate and Foundation Support

*Executive M.B.A. graduate

02 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

DeanMark Zupan

Admissions and Financial AidGregory V. MacDonaldExecutive Director of M.B.A. Admissions and Administration

Alumni Relations and DevelopmentJennifer J. PattersonExecutive Director of Alumni Relations and Development

Career Management CenterPatricia PhillipsExecutive Director of Career Management

Executive M.B.A. ProgramsCarin Conlon ’99*Executive Director of Executive Programs

External Relations and M.B.A. AdministrationHollis S. BuddAssociate Dean for External Relations and M.B.A. Administration

Faculty and ResearchRonald W. HansenSenior Associate Dean for Faculty and Research

Finance and OperationsJ. C. Stevens ’98Executive Director of Finance and Operations

Graduate Programs and Ph.D. ProgramRajiv M. Dewan, ’84 M.B.A., ’87 Ph.D.Faculty Director of Graduate Programs; Chairman, Ph.D. Program

Information TechnologiesPatrick S. MillerExecutive Director of Information Technologies

Marketing and CommunicationsDawn S. McWilliamsExecutive Director of Marketing and Communications____________________________________

EditorCharla Stevens Kucko

Contributing WritersSally Parker, Kathryn Quinn Thomas

Art Director/DesignerGeri McCormick

Production ManagerJohn M. Robortella

Copy EditorsCeil Goldman, Dawn S. McWilliams

PhotographyAnn Borden, Annette Dragon, John Smillie____________________________________

Simon Alumni News

Contributing WritersKate Gruschow, Kathryn Quinn Thomas

Executive Advisory Committee

J. Peter Simon, Chairman

Joseph Abrams ’74Mark S. Ain ’67John W. Anderson ’80Brian Archibald, M.S. ’94Matthew S. Aroesty ’90Ajay Asija ’96Neil A. Augustine, B.A. ’88,

M.B.A. ’89Michael J. Behrman ’92Joseph M. BellJay S. Benet ’76Taj S. Bindra ’86Paul A. Brands ’66Steven P. Brigham ’99*David J. Burns ’78Andrew M. CarterEduardo Centola ’93Kevin P. Collins ’82Donald L. (Skip) Conover ’79*W. Michael Corkran ’77José J. Coronas ’75*Clifford J. Corrall, B.A. ’86,

M.B.A. ’87Richard G. Couch, M.S. ’76,

M.B.A. ’79*Frank G. Creamer Jr. ’70Carol A. (John) Davidson ’88*John L. (Jack) Davies, B.A. ’72,

M.B.A. ’73Harindra de Silva, M.B.A. ’84,

M.S. ’85

Joseph G. Doody ’75Christopher T. Dunstan, B.A. ’77,

M.B.A. ’81Ronald H. Fielding, M.A. ’73,

M.B.A. ’76Barry W. Florescue, B.S. ’66Philip G. Fraher ’93Roger B. Friedlander, B.S. ’56W. Barry Gilbert ’82James S. Gleason ’68*Robert B. Goergen, B.A. ’60Bruce M. Greenwald, B.S. ’68,

M.B.A. ’69Mark B. Grier ’80Janet HansonJeff HansonJoseph HonickRobert O. Hudson ’80*Charles R. Hughes ’70Rene F. Jones ’92Vineet Kapur ’99David T. Kearns, B.A. ’52Robert J. Keegan ’72John M. KellyDennis KesslerRonald B. Knight, B.S. ’61Robert B. KoegelEvans Y. Lam, B.A. ’83, M.B.A. ’84Daniel G. Lazarek ’91Rohtash MalJeff E. Margolis, B.A. ’77, M.B.A. ’78Donna L. Matheson, B.A. ’78,

M.B.A. ’79Richard T. Miller ’91

Carlos P. Naudon ’74Sandeep Pahwa ’95Steffen W. Parratt, B.S. ’85, M.S. ’87Warren (Barry) Phelps III ’73James PieresonAdm. Stuart F. Platt, B.S. ’55,

M.B.A. ’70David Reh ’67Robert E. Rich Jr. ’69*Efrain Rivera ’89Stephen E. Rogers ’90Michael P. Ryan, B.A. ’81, M.B.A. ’84Albert Salama, B.A. ’73, M.B.A. ’74Richard SandsLeonard Schutzman ’69Joel Seligman (ex offi cio)George J. Sella Jr.William E. Simon Jr., Esq.Gregg M. SteinbergJoel M. SternMartin Stern, B.A. ’79, M.B.A. ’80Michael C. Stone ’95*Amy Leenhouts Tait ’85*Andrew J. Thomas ’91Jon Van Duyne ’85Sanjay Vatsa ’89Kathy N. Waller, B.A. ’80, M.B.A. ’83Ralph R. Whitney Jr., B.S. ’57,

M.B.A. ’73*Janice M. Willett ’78Joseph T. Willett ’75

Timothy W. Williams ’86*

SIMONBUSINESS, Vol. 21, No. 2 © 2008. ISSN 1077-5323Published two times per year by the University of Rochester, William E. Simon Graduate School of Business Administration, 2-341 Carol G. Simon Hall, Box 270100, Rochester, New York 14627-0100.

Offi ce of Marketing and Communications: (585) 275-3736 (phone), (585) 275-9331 (fax), [email protected].

Postmaster: Send address changes to the William E. Simon Graduate School of Business Administration, 2-341 Carol G. Simon Hall, Box 270100, University of Rochester, Rochester, New York 14627-0100.

© 2008 William E. Simon Graduate School of Business Administration, University of Rochester

*Executive M.B.A. graduate

www.simon.rochester.edu

U N I V E R S I T Y O F R O C H E S T E R | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | SimonBusiness | 03

Simon Holds First Convocation Ceremony

Upfront

For the fi rst time, the Simon Graduate School of Business held a Convocation ceremony

and picnic—to welcome the Class of 2009 and welcome back the Class of 2008—on September 21, 2007, in Strong Auditorium on the University of Rochester River Campus.

Dean Mark Zupan, University administrators, and Simon School faculty welcomed the M.B.A., M.S. and Ph.D. students, and a moment of silence was observed in memory of the late Simon School fi nance professor Michael J. Barclay, who died suddenly on August 16 (for more on Professor Barclay, see p. 24).

Jay S. Benet ’76, vice chairman and C.F.O. of The Travelers Companies Inc. and a member of the Simon School Executive Advisory Committee, delivered the Convocation address. In his remarks, Benet talked about the qualities necessary for effective leadership and how a Simon education prepares students for the challenges they will face in the business world. His advice for students was clear: “Have a passion for your subject

matter—developing your expertise is critical,” he said. “Bring your life’s experiences to solving problems; understand how to creatively use technology, since it will impact all you do; focus on teamwork and being part of a greater collective whole; develop your communication skills in terms of speaking, writing and listening—all are crucial to your success; understand the companies you want to work for; and watch global trends. Leading a big business comes later, after you’ve mastered all of the above. When you leave Simon, you will be at the bottom of the pile again. Check your ego at the door. Take a long-term view. Start your career as a doer—that will lead you to becoming a manager. That will help you become the leader Simon has trained you to be.”

Saad Alam ’08, president of the Grad-uate Business Council, urged his classmates to “take advantage of this personalized educational experience that is unparalleled at Simon.”

Dean Mark Zupan plans to make the Convocation an annual event at Simon. “This fi rst Simon School Convocation provided a perfect opportunity to bring together the Simon School and the broader University of Rochester community as we began a new academic year,” he says. SB

A picnic lunch followed the Convocation.

Jay S. Benet ’76

The Midnight Ramblers, along with Paul Burgett, University vice president and general secretary, led the Convocation participants in the University’s alma mater, The Genesee.

Upfront

New Technology Helps Simon Students Connect

04 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

The Simon School introduced its new Web portal this fall. Simon Exchange, on the Internet at simonexchange.rochester.edu, allows all members of the Simon community to network and communicate online by offering the latest Simon School news, events, faculty research and contact information for alumni, faculty, staff, students and administrative departments.

“Simon Exchange is the most robust technical platform ever implemented at the Simon School,” says Patrick S. Miller, executive director of information technologies. “It is a paradigm shift in communication and connectivity for the entire Simon community.”

The new Web portal allows members of the Simon community to interact online and to upload documents

that may be accessed anywhere in the world. “Simon Exchange will make us all more effective and effi cient in our communications,” says Dean Mark Zupan. “It is a win-win proposition for all users, since it enables a higher level of online networking and interaction. We are pleased to provide this new communication tool to our constituents.”

Simon Exchange is an outgrowth of a winning idea from a student team

during Dean Mark Zupan’s “Improving the Simon School” course. Team members were: Adam Bates ’07, Matt Hilbert ’06, Anik Jain ’06, Jeremy Marshall ’06, Alex Okounev ’06 and Niko Smrekar ’07.

More information will appear in the next issues of Simon Assets, the School’s e-newsletter, and SimonBusiness, about how to access the new alumni section of Simon Exchange. SB

The Simon School’s outstanding worldwide reputation is refl ected in a number of recent graduate business school rankings, including those of the Financial Times of London, The Wall Street Journal/Harris Interactive and Hispanic Business.

The Simon School is once again ranked among the top 100 business schools in an annual survey by the Financial Times of London. In specialty areas and based on alumni recommendations, the internationally infl uential British newspaper ranked Simon 3rd in the world for fi nance (up from 5th last year); 4th in the world for managerial economics (tied with last year); 4th in the world for accounting (up from 5th last year and the School’s highest placement in this category); and 8th in the world for statistics (fi rst placement in this category).

Simon is ranked 22nd among United States business schools for the second straight year and 47th globally.

This is the 8th time that the Simon School has been ranked in the top 25 in the United States by the FT out of the 10 times that the annual survey has been conducted. The Simon School has been ranked in the top 30 in the U.S. by the FT all 10 years since the survey’s inception in 1999.

The Wall Street Journal/Harris Interactive survey ranked the Simon School No. 4 on its regional list of 51 schools in its annual ranking of the world’s top business schools, published in September 2007. This ranking is up from No. 6 last year, and a signifi cant jump from No. 17 the previous year. Across all of the 265 surveyed business schools, Simon ranked No. 9 in fi nance.

The Wall Street Journal/Harris Interactive rankings are based on a survey of 4,430 corporate recruiters regarding 184 leading U.S. schools and 81 non-U.S. eligible schools. Three categories (national, regional and international) are used to rank the

top schools. A total of 86 schools are featured (19 in the national category, 51 in the regional category, and 25 in the international category).

“We believe that a number of factors played a role in our rankings gain this year,” says Dean Mark Zupan. “These factors include improvements in our student quality over the last several years, as well as the efforts of our Career Management team to deepen our corporate recruiter base and to better match students’ career aspirations.”

On September 13, 2007, Hispanic Business magazine rated the Simon School as No. 19 among the top 20 business schools in the nation for our efforts to promote and encouragea diverse community. These rankings indicate our high international reputation and underscore our longtime commitment to diversity. SB

Recent Rankings

The Simon School is taking its executive education courses on the road and into the conference rooms of fi rms around the region and around the world.

Through our new Custom Executive Education program, Simon faculty design and offer education programs tailored for corporate management. The programs are developed in close consultation with a customer’s executive leadership, and emphasize knowledge transfer, skills development and strategy implementation.

“The educational philosophy of the program is to provide participants

with a set of management perspectives and analytical tools that address the challenges and decisions facing these leaders,” says

Carin Conlon ’99,* executive director of executive programs.

Customers’ programs are fl exible in duration, size and location. A typical weeklong program addressing strategic leadership skills, for instance, might consist of nine customized half-day modules offered from Monday morning through Friday afternoon.

Attorneys from Nixon Peabody L.L.P.’s law offi ces throughout the United States, for example, had a crash course in business earlier this year through a Simon custom program. The Rochester-based law fi rm hosted 30 attorneys at its offi ces for the non-degree executive education M.B.A. Primer course.

“Most businesses view development of their internal management staff to be a very high priority. Often, when they can’t afford to send people to school for a year or two, this customized approach fosters teamwork among their executives and is very attractive to

them,” says David J. Oliveiri ’81,* Simon School executive professor of business administration and a course instructor.

In addition to Nixon Peabody, this year Simon completed a custom course at Welch-Allyn Inc., and the Brazilian construction fi rm Odebrecht. Executives at Welch-Allyn who took the course say it provided “a terrifi c opportunity for our people to grow.”

Simon is in negotiations to provide a custom course for Rochester-area government offi cials and other organizations.

“It’s great news for us,” says Hollis S. Budd, associate dean for external relations and M.B.A. administration. “Although it is too early to provide future course interest, the market is clearly telling us we are moving in the right direction.” SB

Simon Provides Non-Degree Executive Education

U N I V E R S I T Y O F R O C H E S T E R | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | SimonBusiness | 05

The Simon School is offering a new completion option for its Master of Science (M.S.) degree in Business Administration with a concentration in Finance.

In addition to the existing nine-month Finance master’s program with an M.B.A. prerequisite and a September start date, students may now complete the new program in 11 months beginning in July without an M.B.A., but with more coursework required.

“In today’s fast-paced work environment, professionals are seeking to acquire the fi nance skills necessary to ascend the corporate ladder in as short a period as possible,” says Dean

Mark Zupan. “This new option for our Finance master’s program is being provided to meet that demand.”

The Finance master’s program at Simon is based on fundamental economic principles. Long acknowl-edged as pioneers in graduate business education, Simon’s faculty prepare tomorrow’s industry leaders by focusing on enduring principles that will help them create opportunities and meet complex challenges throughout their careers.

“This program coincides with our strategic plan to recruit and teach outstanding individuals who are prepared to excel in a dynamic and internationally competitive

marketplace through the value added provided by a Simon School education,” notes Zupan. “Our right size and highly personalized approach allows us to offer an integrated and innovative method of management education and research.”

Simon also offers a variety of other M.S. programs—most recently in General Management, Marketing, Accountancy and Medical Management.

For further information, contact Rebekah Lewin ’02, director of ad mis sions, at (585) 275-3533, or [email protected]. SB

New Completion Option Available for Finance Master’s Program

*Executive M.B.A. graduate

Upfront

Simon Welcomes National Business Leaders

The Simon School hosted another impressive group of national executives this past fall to speak to students about their careers and current challenges. Recent speakers included:

06 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

Jerry Greenfi eld, co-founder of Ben & Jerry’s Homemade Ice Cream Inc., discussed his business philosophy during a lecture on September 14, 2007. Greenfi eld and partner Ben Cohen were high school friends who years later opened their fi rst Ben & Jerry’s ice cream parlor in Burlington, Vt., in May 1978. Now, Ben & Jerry’s is a wholly owned subsidiary of Unilever, with products sold internationally. Greenfi eld’s lecture was cosponsored by the Campus Activities Board, UR Grassroots, Dining Services, the University of Rochester Entrepreneurs Club, the University of Rochester Center for Entrepreneurship, and the Simon Entrepreneurs Club.

Jeffry Timmons, Franklin W. Olin Distinguished Professor of Entrepreneurship at Babson College and an internationally known entrepreneurship scholar, shared his insights in his talk, “Cultivating the Entrepreneurial Mindset,” on October 11, 2007. Timmons has written several books and published numerous articles in professional journals on entrepreneurship, new ventures, entrepreneurial fi nance and venture capital. His lecture was cosponsored by the Simon School and the University of Rochester Center for Entrepreneurship.

The Simon community welcomed Ann Mulcahy, C.E.O. of Xerox Corporation, on October 29, 2007. Mulcahy, the chief architect of Xerox’s recent turnaround, discussed her strategy to catapult the

company back to the top of the tech world; her aim is for Xerox to be-come the place for color printing and consulting services. Upon being appointed C.E.O. in 2001, Mulcahy’s fi rst move was to discontinue the

company’s tagline, “The Document Company,” in favor of going solo with the Xerox name. Working at Xerox is a family affair for Mulcahy. A

Xerox veteran, she started as a fi eld-sales representative 30 years ago. Her husband is a retired Xerox executive, and her older brother now runs

the global services group. One of the few women to run a top public company, Mulcahy is a coveted choice on corporate boards, serving on

the boards of Citigroup and Target.

U N I V E R S I T Y O F R O C H E S T E R | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | SimonBusiness | 07

Eduardo Crespo, C.E.O. of Hispanic Market Solutions, spoke to Simon students on October 3, 2007, about branding campaigns he has spearheaded for PepsiCo, Major League Soccer, the Boston Red Sox Radio Network and Ford Dealers of New England. He also discussed managing accounts for AutoNation, Dr. Pepper, Varig, Vision Latin America and Telemundo. Considered “un pionero” in New England Hispanic media and marketing communications, Crespo has been responsible for recruiting major clients, such as Nabisco, Budweiser, Raytheon, TJX, 7-Eleven, Blockbuster and Univision, to participate in community events. Crespo’s lecture was sponsored by the Latin American Student Organization of Simon.

Gerald Gaston, entrepreneur and former president, vice chairman and C.E.O. of American Bankers Insurance Group, relayed stories

from his successful career on October 15, 2007. Gaston is currently on the board of managers at the Eastman School of Music and is the

former vice chairman of the Loyola University Board of Trustees. His lecture was cosponsored by the Simon School, the Eastman School

and Simon Entrepreneurs Club.

Sherri Rankin-Landry ’96 shared her extensive experience during a brand management lecture on November 1, 2007. Rankin-Landry has crafted strategic marketing plans for some of the world’s most recognizable brands, most recently as director of brand marketing, hi-lo and lunch platform, for Pizza Hut Inc. She has also held senior-level brand marketing positions at Haggar Clothing Company, where she was director of brand marketing for Haggar Branded Apparel; Sara Lee Corporation, where she managed the Hanes Her Way and Champion athletic socks accounts; and The Procter & Gamble Company, where she served as assistant brand manager for Pringles potato chips.

Upfront

Simon Establishes Three New Centers

08 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

The Simon School has established three new Centers: the Center for Leadership Development, the Center for Information Intensive Services and the Center for Pricing.

Since the Simon School is the place “Where Thinkers Become Leaders,” it is fi tting that the School has created a new Center for Leadership Development. The goal of the Center is to realize William E. Simon’s vision of the School as “a leader and a path breaker in higher education.” The Center’s mission is to provide a focus for leadership, where students can obtain leadership instruction and development, and where the Simon community can create, research and disseminate the future standards of corporate leadership.

Under the direction of Daniel H. Struble, senior lecturer in business communication and area coor-dinator, business communication, the Center has a range of offerings: the annual Jensen Leadership course; the student-managed VISION Program and VISION Connect, a new initiative that links Simon students with small businesses that need help developing marketing plans; the Richard Sands Leadership Lecture Series, presenting top academics and executives on leadership topics; the business communication curriculum for all full-time M.B.A. students, including a communication and leadership component; club leaders training; team building and leadership training; and a series of “Faculty

Flicks” for students featuring fi lms related to leadership followed by group discussions led by Simon faculty.

“The Center is new, and we are reaching out and trying different things,” notes Struble. “Our goal is to expose students to the mechanics and ethics of leadership. We welcome alumni ideas to enhance our exploration of this skill.”

The Center for Information Intensive Services will focus on segments of the service economy that are knowledge and data intensive. Examples include fi nancial services, consulting services, the entertainment industry, supply chain logistics, technical support services and health care. The Center has set the following objectives: to serve as an intellectual leader and a focal point for multidisciplinary research in information intensive services; to promote active collaboration with the business community in identifying issues of critical importance to these services and in disseminating cutting-edge scientifi c knowledge on these issues; and to drive curriculum innovation to better train students for successful careers in information intensive services and provide fi rms with a larger pool of management talent.

The Center is directed by Edieal J. Pinker, associate professor of computers and information systems and of operations management.

The primary mission of the Center for Pricing is to serve as a center of excellence for research and education in pricing and to provide a platform for meaningful interaction between business executives, educators and researchers in this high-demand fi eld. Above all, it aims to provide a top-notch pricing education, while supplying the business world with graduates who are trained in the very best and latest pricing techniques. In partnership with the Professional Pricing Society, the Center, led by Greg Shaffer, professor of economics and management and of marketing at the Simon School, will offer an academic track that will ultimately allow M.B.A. students to take several advanced courses in pricing to make it an academic concentration. “Pricing is one of the most important, least understood and most controversial decisions fi rms have to make,” says Shaffer, whose Pricing Policies course is one of the School’s most popular electives. “Doing it poorly is easy; doing it well is a challenge. There is a growing and largely unmet demand for talented graduates who have the know-how and training in pricing techniques and strategies to improve bottom-line profi ts.” SB

U N I V E R S I T Y O F R O C H E S T E R | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | SimonBusiness | 09

New Hires and Promotions

Rajiv M. Dewan, M.B.A. ’84, Ph.D. ’87, has been promoted to faculty director of graduate programs, in addition to serving as chair of the Simon School’s Ph.D. Program and associate professor of computers and information systems. In his new role, Dewan oversees the academic and curricular aspects of the School’s Full-Time and Part-Time M.B.A. and M.S. Programs.

Prior to joining the Simon School, Dewan was a faculty member at Northwestern University’s Kellogg Graduate School of Management. His teaching and research interests are in electronic commerce, organizational issues in the management of information systems, the information technology industry and fi nancial information systems.

George R. Cook, executive professor of business administration, joined the Simon School faculty on a full-time basis in July 2007. Cook, previously a member of the School’s adjunct faculty, has also been named coordinator of the Marketing master’s program, program director of the Summer Business Institute @ Simon, and Marketing faculty advisor to M.B.A. Admissions.

An active contributor to the Simon School both inside and outside the classroom, Cook previously held senior marketing management positions at Ford Motor Company and Xerox Corporation. He is past president of the Rochester, N.Y., chapter of the American Marketing Association and serves on the new business books review board of the Journal of Consumer Marketing. He currently teaches in the University of Rochester’s undergraduate Management Certifi cate program and in Simon’s Marketing master’s and M.B.A. programs.

Carin Conlon ’99* has been appointed executive director of executive programs. Conlon brings a wide range of business experience and a unique set of skills to this position. An honors graduate of Williams College, she began her career at Xerox Corporation, where she gained extensive experience in human resources and business operations. Later, pursuing an interest in entrepreneurship, she became owner and president of an agency for the placement of nannies in the western New York area, leading the company to signifi cant growth; most recently, she has been human resources manager for VirtualScopics Inc., a leading developer of biomedical solutions headquartered in Rochester, N.Y. In her new role, Conlon will be responsible for the management and marketing of executive M.B.A. programs in Rochester and Switzerland and non-degree executive short courses.

*Executive M.B.A. graduate

In Memoriam: George J. BenstonThe Simon GraduateSchool of Businesscommunity is mourn-ing the loss of one ofits fi nest scholars.George J. Benston,former Simon profes-sor of accounting,economics and fi nance, died on Feb-ruary 13, 2008, after a brief illness while on vacation in Singapore with his wife, Alice, former Eastman School of Music professor of humanities and head

of the humanities division. He was 75.As a member of the Simon School

faculty from 1966 to 1987, Professor Benston distinguished himself as a recognized authority on fi nancial institutions.

“When the late Dean William Meckling embarked on the establishment of the University of Rochester’s School of Business Administration, now the Simon Graduate School of Business, as a premier academic institution, George

Benston was among the fi rst faculty members he hired,” says Ronald W. Hansen, senior associate dean for faculty and research. “George’s research on important banking and accounting issues was widely cited, and he led a faculty group that would enable the School to become ranked among the top fi ve accounting programs in the world.”

In addition to his wife, Alice, Professor Benston is survived by his son, Randall, daughter, Kimberly, and their families. SB

Upfront

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More New Hires/Promotions

Jennifer Pattersonhas been namedexecutive director of alumni relations and development. A seasoned fund-raiser with a proven track record, Patterson most recently served as the director of development for the National Academy of Engineering in Washington, D.C., where she had raised over $6 million since July 2006. Prior to this position, Patterson worked with the Wake Forest University School of Medicine from 1999 to 2006 as a major gifts offi cer, senior major gifts offi cer and director of corporate relations. At Wake Forest, she helped to secure the largest outright cash donation—a gift of $5.3 million to the Department of Psychiatry—in the history of the Wake Forest University system. Before that, Patterson worked for Wheeling Jesuit University in Wheeling, West Va., as a development offi cer and director of giving programs, where she designed, managed and raised funds for two bricks-and-mortar campaigns totaling $10.5 million.

J. C. Stevens ’98 has been promoted to executive director of fi nance and operations at the Simon School, from his position as director of operations and fi nance. In his new role, Stevens adds human resources to his operations and fi nance responsibilities. Previously, he served as administrator for the Department of Biostatistics and Computational Biology at the University of Rochester School of Medicine and Dentistry, where he managed day-to-day operations of the department. Prior to that, he spent seven years in the

University Budget Offi ce as manager of budget administration and analysis.

Mary Terwilliger joins the Simon School as director of corporate relations in the Career Management Center. She is teaming with Wayne France ’94, director of corporate relations, and the rest of the Corporate Relations team to encourage recruiters and hiring managers of top corporations to hire Simon talent for internships and full-time positions. Terwilliger spent nine years at Aetna Life and Casualty as a human resources manager and college recruiter, managing recruiting, interviewing, salary and benefi ts for Aetna’s Western New York region. She then spent 10 years as an executive recruiter for Apex Information Management Consultants, where her outstanding performance led to her promotion to president of the fi rm. Most recently, she has been a strategic account manager with Time Warner, performing a consultative sales role to the higher education target market for technology services.

Stefanie Bascom has been promoted to associate director of admissions and director of part-time recruitment within the M.B.A./M.S. Admissions Offi ce. Bascom leads the Simon Ambassadors Program and the Rochester Early Business Scholars Program, and provides oversight to part-time recruitment and registration sessions for matriculated and non-matriculated

part-time students. For the past three years, she served as assistant director of admissions.

Tonya Harvey has been named associate director of admissions and director of college relations in the Simon School’s Admissions Offi ce. Harvey has more than 10 years of experience in higher education, with undergraduate admissions experience at New York University, SUNY Geneseo and Canisius College. Harvey will over see the Simon School’s Direct Admission Partnerships—relationships with more than 25 undergraduate colleges that encourage direct entry to Simon’s M.B.A. program immediately after completing a four-year undergraduate degree. She also serves as a member of the Admissions Committee, and assists in event planning and recruitment for various on- and off-campus events.

Kathryn Quinn Thomas is associate director of marketing and communications at Simon. She has an extensive background in journalism, most recently as a reporter for the Rochester Business Journal (RBJ). In addition to RBJ, she has written for City Newspaper, Rochester Magazine and the Rochester Business Alliance. Thomas also has experience in higher education communications, having worked for the University of Rochester, SUNY Empire State College and Rochester Institute of Technology. Her responsibilities include writing articles, opinion editorials and e-newsletters, as well as playing a lead role in the forthcoming redesign of the Simon Web site. SB

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Executive Advisory Committee MembersThe Simon School Executive Advisory Committee has added three new members. They are: Adm. Stuart F. Platt, B.S. ’55, M.B.A. ’70, chairman and C.E.O., Harbor Wing Technologies Inc.; Martin Stern, B.A. ’79, M.B.A. ’80, partner, Kirkpatrick & Lockhart L.L.P.; and Sanjay Vatsa ’89, managing director, Citi Global Wealth Management. SB

Alumni CouncilSince its establishment in the early 1990’s, Simon’s Alumni Advisory Council (A.A.C.) has been a fl exible instrument for bringing the talents of interested graduates to bear on important issues before the School. Now, as the School moves ahead to implement its ambitious Strategic Plan, it has made sense to revise the structure of the A.A.C. so that members can more directly and more effectively support these efforts. The School administrators have worked with A.A.C. leadership

to defi ne the new structure of the group, which is now called the Alumni Council (A.C.).

The reorganization establishes a series of working groups, each linked with an administrative department; these departments include admissions, career management, student services, alumni relations and development, executive education, and marketing and communications. A.C. members have selected an area of special interest and will work with that area administrator and team to promote the programs and projects designed to advance a particular aspect of the Strategic Plan. Dean Mark Zupan will work with all the groups, as needed, and Associate Dean Hollis S. Budd will oversee their general operation.

“This new structure, we are convinced, will make the best use of the wealth of talent gathered on the A.C.,” says Zupan. “It offers each member the opportunity to work more closely with administrative departments and to see a more immediate impact from their contributions.” Individual groups have convened with area leaders through

teleconferencing at key junctures. The A.C. held its fi rst annual meeting in Rochester during the University’s Meliora Weekend, October 19–21, 2007.

“There is a defi nite marketplace out there that Simon serves, and it is dynamic and ever changing,” says Sarah Plasky-Sachdev ’99,* co-chair of the A.C. with fellow Simon alumnus Tim Smith ’88. “As we looked to the tradition of the council and then reviewed the high caliber of the membership and their respective talents, it made perfect sense to react to the marketplace by reinventing ourselves to become a more active body. By aligning with the executive directors and faculty on working committees, we are poised to make signifi cant contributions to Dean Zupan’s strategic plan for our School.”

Anyone interested in becoming involved in or learning more about the Alumni Council should contact Holli Budd at [email protected]. SB

*Executive M.B.A. graduate

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Upfront

University Creates New Graphic Identity—Simon Logo Redesigned

The University of Rochester unveiled a new graphic identity in September 2007, to be used throughout the institution as its branding signature. The new logo, the result of a yearlong

effort by graphic designers throughout the University, was approved with input from the University’s various constituencies, including trustees, administrators, alumni, faculty, staff and students. The redesign of the University’s graphic identity was

spurred by a call from the Board of Trustees to raise the national profi le of the University. Early in his tenure, University President Joel Seligman charged public relations expert and

former colleague Fred Volkmann, vice chancellor of public affairs at Washington University at St. Louis, to examine Rochester’s communication

practices. After a series of interviews with administrators, faculty and staff, Volkmann amassed a collection of business cards, each having a different logo. He soon came to the conclusion that the University needed to unify its graphic identity.

As a result, each school within the University, including the Simon School, is implementing a variation of the new logo, to be used on all internal and external correspondence and collateral marketing materials.

The new logo will be phased in over the next year on all Simon marketing and collateral materials, and new items will be provided on the School’s Virtual Store.

“We believe that this stronger connection between the Simon School and the University of Rochester will benefi t both the School and the University in the long run,” says Dean Mark Zupan. “The Simon School is part of a great institution, and raising the University’s national profi le helps us all.” SB

Simon National Media CoverageThe following gives capsule descriptions of recent national media coverage of the Simon Graduate School of Business. Visit www.simon.rochester.edu for more Simon news.

“Harvard Aims to Widen M.B.A. Pool,” September 13, 2007, that features the Simon School Early Leaders™ Program.

“The Rise of the Younger Student,” September 17, 2007, that quotes Dean Zupan about the Simon Early Leaders Program.

“Online Video Interview Featuring Dean Mark Zupan,” November 20, 2007, that relates how Simon led the recent trend toward business schools accepting younger M.B.A. students.

“Live Coverage—Plosser Sees Infl ation Risks After October Rate Cut,” November 27, 2007, that features Philadelphia Federal Reserve Bank President and former Simon School Dean Charles I. Plosser during his 29th annual economic seminar.“Nanotech Schools Rent Labs to

Businesses,” December 11, 2007, that quotes Dean Zupan about his concern that businesses might try to use the universities’ names to enhance the credibility of their research. (Also reported by USA Today, GMA News, FOX News, Denver Post, Brisbane Times Australia, The Washington Post, BusinessWeek, Forbes, Miami Herald, Boston Globe, Newsday, and CNN Money, among many others).

“Big Names with a Heavyweight Punch,” September 6, 2007, that quotes Dean Zupan about earning an M.B.A. in the United States. SB

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Research Leadership Highlights

Small public companies are going to great lengths to stay small, thanks to a tiny but powerful section of the Sarbanes-Oxley Act of 2002, Simon faculty have

found. Faculty authors Joanna Wu and Jerold Zimmerman

and Simon Ph.D. student Feng Gao make the case in their “Unintended Consequences of Scaling Securities Regulation: Evidence from the Sarbanes-Oxley Act.”

Section 404 of the act mandates that managers document and assess the effectiveness of internal controls. External auditors must attest to and report on management’s assessment.

Though very brief—and perhaps because of this—the section has proved to be one of the most diffi cult sections to meet. “Its directives are broad but vague, and it was issued with little guidance,” Wu says.

It also has proved very costly, especially for small fi rms, the authors contend. Some costs are fi xed, regardless of company size. For example, Wu says, fi xed costs might represent half of 1 percent of a multibillion-dollar company’s total revenues, but 3 to 5 percent of revenues in a small fi rm. The well-defi ned internal control processes it requires are “fundamentally incompatible with [small fi rms’] need to remain nimble and competitive in the marketplace,” the authors write.

From the start, small companies have objected to the one-size-fi ts-all approach. To offer some relief, the Securities and Exchange Commission (S.E.C.) has on several occasions scaled securities regulations, postponing compliance with the section for fi rms with public fl oats of less than $75 million.

To understand the economic consequences of the S.E.C.’s move, the authors studied the activities of fi rms below the $75 million “bright line threshold” in 2004 and 2005.

Small fi rms have gone to great lengths to stay below that line and avoid the higher costs of compliance, they found.

To stay small, the fi rms invested less, issued fewer secondary equity offerings and made more cash payouts through dividends and share repurchase programs than control fi rms.

Furthermore, in the second fi scal quarter, they disclosed more bad news, reported lower earnings and engaged in more insider selling than control fi rms. In the third quarter, however, earnings reversed; the testing date of the fi ling status is at the end of the second fi scal quarter.

“The regulation must be very costly for fi rms to go to all this trouble to avoid compliance,” Wu says. “Some very fundamental business decisions are being affected.”

The control fi rms in the study started small but accelerated to beyond $75 million in public fl oats. The non-accelerated fi lers actively stayed small, not growing as much in terms of market value versus the control group.

“Prior studies suggest that Sarbanes-Oxley can change a fi rm’s cost-benefi t tradeoff of participating in U.S. public capital markets,” the authors write. “Our results indicate that for fi rms that do remain public, Sarbanes-Oxley can alter their incentives to grow, as well.”

The issue is bigger than Sarbanes-Oxley, they note. The scaling of securities regulation dates to the 1930’s, when federal securities regulation began. These days, the S.E.C. is considering recommendations by an advisory committee for small fi rms on regulations for capital formation, corporate governance and disclosure, and fi nancial reporting. (Research Paper FR 07-07) SB

Sarbanes-Oxley Act

Joanna Wu

Jerold Zimmerman

—by Sally Parker

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Faculty Hires/Elections

Anzhela Knyazeva

Diana Knyazeva

Harry Groenevelt

Minjae Song

Alexei Alexandrov

Alexei Alexandrov has joined the Simon School faculty as assistant professor of economics and management.

Alexandrov’s main research interest is theoretical industrial organization. One of his recent papers examines the trade-offs that fi rms face when deciding how fl ex-ible their products should be, and what the competitive strategy effects are of these decisions.

His current research concentrates on access charges in networks and issues within the restaurant industry, such as when reservations should be offered, and

why the take-out price is the same as the dine-in price.Alexandrov holds a B.A. in Economics from Wayne

State University and a Ph.D. in Managerial Economics and Strategy from the Kellogg School of Management at North-western University.

Harry Groenevelt, professor of operations management, has been elected co-chair of the University of Rochester’s Faculty Senate for 2007–2008. The 45-member committee acts as a channel of communication between the faculty and the University president and provost.

Groenevelt has interests in health care operations, logistics and supply chain management (including reverse logistics); service-system management and design;

and quality management.

Russian sisters Anzhela and Diana Knyazeva, ages 22 and 20 respectively, joined the Simon School faculty this year as

assistant professors of fi nance. Their unique story has been reported by media around the globe. In May 2007, CBS Evening News profi led the sisters among three top story ideas proposed by reporter Steve Hartman for an “Assignment America” feature story.

Last spring, the duo graduated with Ph.D.’s in Economics from New York University’s Stern School of Business. They earned their undergraduate degrees in Russia at the ages of 13 and 14, earned law

degrees one year later and master’s degrees in International Policy from Stanford University two years later. Both sisters completed their dissertations on the same topic, “Essays in Corporate Finance.”

“These two sisters so impressed us with their scholarship and their overall energy and intellect,” says Dean Mark Zupan, “that it was a no-brainer to pursue them aggressively.” The sisters arrived in Rochester in July and began their research in September.

Anzhela has research interests in corporate fi nance. Her recent research examines issues in payout, corporate governance and investment decisions. Diana also has interests in corporate fi nance, with a focus on corporate governance, investment behavior and analyst following. She is a member of the American Finance Association and the Salomon Center for the Study of Financial Institutions.

Minjae Song is assistant professor of economics and marketing at Simon. Pre-viously, he was an assistant professor at Georgia Institute of Technology’s School of Economics.

Song’s research interests include industrial organization, applied econo-metrics and quantitative marketing. His research papers have been published in leading journals, including the RAND Journal of Economics, the Journal of Busi-ness and Economic Statistics and the International Journal of Industrial Organization.

Song earned a B.A. in Economics from Seoul National University in Seoul, Korea; and an M.A. and Ph.D. in Eco-nomics from Harvard University.

David Tilson is visiting assistant professor of computers and information systems. His research interests are in the interrelationship between technical standards and industry structures, as well as the impact of mobile and ubiqui-tous information systems. His teaching interests include strategic and business systems consulting information systems, and business statistics.

Tilson holds a B.Eng. degree in Electrical and Elec-tronic Engineering from Queen’s University of Belfast (U.K.), an M.Sc. in Telecommunications Engineering from the University of London (U.K.), an M.B.A. with a concen-tration in Information Systems and Entrepreneurship from the University of Texas at Austin, and a Ph.D. in Informa-tion Systems from Case Western Reserve University. SB

David Tilson

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When Marvin Sands started Canandaigua Industries more than 60 years ago, he had no idea that it would become the world’s largest

wine producer. Today, under the name Constellation Brands, it employs more than 9,200 employees around the world, including several Simon School alumni in senior-level positions throughout the company. While Constellation Brands has approximately 60 major production and distribution sites throughout the United States, Canada, United Kingdom, Australia and New Zealand, the fi rm’s U.S. wine company headquarters remains where the family business originated—in Canandaigua, N.Y., while the corporate headquarters is just down the road a few miles in the Rochester suburb of Fairport.

What began as a small, regional, bulk-wine operation has developed, through careful strategic planning and execution, into one of the world’s most dynamic portfolios

of wine and spirits brands and imported beer. With net sales of more than $5 billion in fi scal 2007, Constellation Brands has skyrocketed to success by blending just “The Right Mix” of some of the world’s best-known brands. Robert Mondavi wines, SVEDKA Vodka, Widmer, Paul Masson, Kim Crawford, Hardys, Simi, Corona, Black Velvet Canadian Whisky, Effen Vodka, Toasted Head, Ruffi no, Estancia—the list of more than 250 brands is seemingly endless, offering something for every taste and price range.

In a business where acquisitions are often being made—most recently, Canada’s Vincor in 2006 and SVEDKA in 2007—Constellation Brands has harvested a global empire by being both open to growth through acquisitions and staying true to its core values. Simon alumni who are part of the Constellation Brands family are helping shape the future of this industry powerhouse. Here is “A Day in the Life at Constellation Brands.”

Fruits of Their Labor A Day in the Life at Constellation Brands

—by Charla Stevens Kucko

Constellation Brands receives 30,000 tons of grapes each autumn during the “Grape Crush,” pictured here, the fi rst step in the company’s production of brands that include Richard’s Wild Irish Rose, Arbor Mist, Taylor dessert wines, J. Roget champagne and Manischewitz.

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A career path that began for Lou Applebaum, B.S. ’93, M.B.A. ’95, as a marketing analyst intern at Canandaigua Wine Company has come full circle.

A Buffalo, N.Y., native who now resides in Victor, N.Y., Applebaum earned both his undergraduate degree and Simon M.B.A. through the University of Rochester’s 3-2 Program. Following his summer internship, he was asked to stay on as a full-time market analyst at Canandaigua Wine while fi nishing his Simon M.B.A. part time. In 1996, when the company expanded the market research group, Applebaum moved into a sales role and relocated to Dallas, Tex., to call on major retailers Wal-Mart, Kroger and HEB.

A year later, the company offered Applebaum a position back in Rochester as a brand manager of some of its premium wines. He had spent six years at Canandaigua Wine Company when he accepted a position as global marketing manager for camera lenses and fi lters at Tiffen, an optics fi rm based on Long Island with a consumer division in Rochester.

But Applebaum faced a crossroads at Tiffen, which was struggling. In late 2001, an opportunity arose as a senior marketing manager for contact lenses at Bausch & Lomb, where he stayed for three and a half years.

Applebaum returned to Constellation Brands in 2004 as vice president of business development. His responsibilities include commercial evaluation of acquisitions and joint ventures as well as analyzing internal sales and marketing

synergies. His group works closely with Susan Gardner ’91 (see p. 18) and her team in corporate development on the fi nancial side of new acquisitions.

Applebaum hosts company-wide quarterly internal global marketing and sales council meetings for senior-level executives to discuss best practices and address any issues.

Last summer, he was promoted to senior vice president of strategy and business development. His additional responsibilities include disseminating the corporate vision and goals through the ownership of the strategic planning process.

“We are the largest wine company in the world, with just about 4 percent market share,” Applebaum says. “There is plenty of room for expansion.”

In a business where there is no typical day, Applebaum hits the gym at 6:30 a.m., is in the offi ce by 7:30 a.m. and gets a lot done before phone calls and meetings are scheduled. He

travels about 30 percent of the time, visiting the company’s large operations in its fi ve core markets: United Kingdom, Australia, New Zealand, Canada and the United States.

Applebaum says the most important benefi t from his Simon education was acquiring, through the Frame, Analyze, Communicate (F.A.Ct.) curriculum, the skills to frame and analyze complex business problems. “That was my biggest ‘light bulb’ moment—learning how to take a variety of input, information and data and come up with a hypothesis, framing what’s going on and communicating it in a presentation to senior executives,” he notes. “That concept was huge for me and has been so throughout my career.”

Applebaum enjoys spending family time with his wife, Julia, and their children, Ben, 8, and Hannah, 5. He coaches Ben’s soccer and baseball teams in the summer, and attends Hannah’s gymnastics meets.

Applebaum’s expectation for the future of Constellation Brands is an optimistic one. “We are driven by a consistent vision and strong, seasoned management,” he says. “It’s not about being a conglomerate; it’s about understanding and meeting consumers’ needs. Our plan is to stay ahead of the trends by looking at not only geographic expansion but also niche growth potential in our core markets through innovation, new product development and, of course, acquisitions. These elements will continue to be our strength over the years to come.”

Lou Applebaum, B.S. ’93, M.B.A. ’95Senior Vice President of Strategy and Business Development

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Few people are able to turn their passions into a career, but David Cole ’89 has been able to do just that—twice. As a child, he loved cars; as an adult,

he is a wine enthusiast. When he came to work in both the automobile and beverage alcohol industries, each job has been a dream come true.

After completing his undergraduate degree in economics at St. John Fisher College, in the spring of 1982, Cole landed a full-time position in payroll and accounts payable with General Motors (now Delphi) in Rochester, N.Y. Cole soon decided he needed an M.B.A. “One of my undergraduate professors recommended Simon, based on its outstanding reputation, so I decided to attend part-time classes at night,” he says.

After earning his M.B.A., Cole transferred to the Harrison division of General Motors in Lockport, N.Y., where he found his true niche in operations, supporting cost accounting. Shortly thereafter, he was tapped to be part of a team that traveled to GM’s headquarters in Michigan, to develop a manufacturing and accounting information system. “I worked with people across the company and discovered the entire process of building a car,” Cole says. “It was an incredible experience.”

Struggles in the auto industry, however, soon led Cole to begin seeking other opportunities. “I wanted to get more involved in strategy and stay in the area,” he says. He was controller of the large manufacturing complex in Lockport when the opportunity at Canandaigua Wine Company (now Constellation Wines U.S.) arose.

Cole joined Canandaigua Wine in 1999 as an accounting manager, before the company’s explosive growth took place. Today, as director of operations fi nance, he is a key member of the management accounting group for the company, supporting its New York operations. The group performs budgeting and various performance analyses, while his staff in Canandaigua maintains cost information for profi t and loss development and cost estimation for new products. “The company’s growth means that, we are always working to integrate staff and companies,” Cole says. “It takes a lot of analysis and reassignment to integrate systems and people. My biggest challenge is pulling everything together.”

A native of Dansville, N.Y., who now lives in Fairport, Cole estimates he works an average of 50 hours a week, traveling a few times a year to Constellation’s product and distribution facilities on the West Coast. “Learning about wine is a lifelong process,” Cole says. “I’ve learned so much about growing grapes and the subtle nuances that make a better product.”

As for the skills necessary for the job, Cole says patience as well as good people and negotiation skills are needed. “In my position, you don’t have the luxury of much time to make decisions, so the basic analytic and problem-solving skills I learned at Simon are skills I’m using every day,” he says.

Cole spends family time with his wife of 24 years, Donna, and their children, Adam, 19, Emily, 16, Jacob, 11 and Erika, 10. When he can, he enjoys pursuing yet another passion—jazz.

As for the future, Cole expects the company’s growth to continue. “No one can argue with what we’ve achieved,” he says. “We will continue to improve internally, with an eye to the marketplace for opportunities.”

Cole’s advice for students: “If you’re attracted to a job that will provide unique challenges on a fairly regular basis, consider a career in manufacturing,” he says. “Above all, be passionate about whatever you choose to do.”

David Cole ’89Director of Operations Finance

18 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

After earning her undergraduate degree from Alfred University, Susan Gardner ’91 was debating whether to pursue a graduate degree in business

or law. She decided she was better suited to business school and has never regretted that decision.

The summer after her fi rst year at the Simon School, Gardner landed an internship at Bausch & Lomb’s Rochester, N.Y., headquarters. Following her internship, she continued working at B&L part time and received a job offer in the fi rm’s Treasury group with fellow Simon alum Ariadna Rodriguez ’91. A few years at Bausch in various fi nancial roles enabled her to build a solid foundation in analytics and business acumen.

Gardner began her career at Constellation in 1996 as manager of planning and reporting for the Wine division. Soon thereafter, she was promoted to director of fi nancial planning and analysis for the Corporate division where she worked with the chief fi nancial offi cer on the company’s annual and long range planning. A few years later, she was promoted to vice president, corporate development and began her experience in the fi eld of mergers and acquisitions. Currently she is senior vice president, corporate development.

Gardner says she loves her job and thrives on the excitement of identifying opportunities for growth and acquiring new businesses. “We typically work with

investment bankers, industry experts and executives in the company’s business units to identify a potential candidate and assess whether it would be a good fi t for the company,” Gardner explains. “My group is responsible for the valuation work and due diligence, as well as the coordination with internal teams including legal, tax, treasury, accounting, investor relations and human resources.”

“Our goal is profi table, sustainable growth, both organically and through acquisitions,” Gardner says. “We’d like to acquire more premium brands in both the wine and spirits categories and to continue expanding the global reach of existing products in the Constellation portfolio.”

The main challenge, in Gardner’s view, is coordination of internal company resources.

For Gardner, a Livonia, N.Y., native who now lives in Victor, N.Y., the rewards are “seeing what we as a company have been able to accomplish with stock price appreciation and shareholder value creation.”

What started as a small, family run company has remained very decentralized. Gardner sees that as a distinct advantage. “People closest to the street can identify trends and react to changes in the industry and they have the autonomy to do so,” she notes. “The company’s incentive structure rewards high performance and balanced risk taking. Our leadership team has great vision but more importantly can execute against it. That’s what differentiates Constellation Brands as a company.”

Of her Simon education, Gardner has nothing but praise. “I came away with great analytical skills, and I still refer to some of my textbooks for theory and background,” she says. “Simon still plays a signifi cant role in my career today.”

For current Simon students interested in getting into mergers and acquisitions, Gardner advises, “be willing to work hard, hone your analytical skills, pay close attention to detail, be self motivated and be a team player.”

“We are an intense group,” Gardner says. It’s not unusual to work long hours and have multiple deals and projects going on simultaneously. She travels quite a bit, typically around 30 percent of the time. “It’s exciting to research a company, build a plan and a strategy, execute against it and close the deal,” she explains.

As a single mother of two boys, Matthew, 8, and Ethan, 11, Gardner is very involved in their sports schedules including football, soccer and the ski team at Hunt Hollow. In her spare time, she runs and gardens. “I have a wonderful support network,” she says. “And, I have a great job at a truly phenomenal company.”

Susan Gardner ’91Senior Vice President, Corporate Development

U N I V E R S I T Y O F R O C H E S T E R | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | SimonBusiness | 19

Peter Lijewski ’93Vice President, Supply and East Coast Operations

A year out of undergraduate studies in engineering at Penn State, Peter Lijewski ’93 was working for Kraft Foods as an engineering production

supervisor at the company plant in Avon, N.Y., where the company produced Pudding Pops. After being transferred with Kraft to Indiana and White Plains, N.Y., respectively, Lijewski’s next career move was in 1991, to the supply chain team of Zotos International, a $60 million company based in Geneva, N.Y. Then, in 1997, an opportunity arose at Constellation Brands, in Canandaigua, N.Y., that would prove pivotal.

Lijewski started at Constellation as a purchasing manager. From there, he quickly added more operations and supply chain responsibility over the years. Nearly four years ago, he was promoted to vice president of East Coast operations, and recently took over U.S. supply chain management. Today, as vice president, Supply and East Coast operations for Constellation Wines U.S., Lijewski oversees the winery operations in Canandaigua, Widmer Wine Cellars in Naples, N.Y., and the company’s distribution center in Geneva.

Perhaps Lijewski’s favorite time of year is the annual “Grape Crush” in the fall, when 30,000 tons of grapes are processed for wine making. He oversees 270 employees and, he estimates, about 8 million cases of wine production, including Richard’s Wild Irish Rose, Canandaigua Wine Company’s original brand, and Arbor Mist, Taylor dessert wines, J. Roget champagne and Manischewitz.

In a business where there is no typical day, Lijewski can oversee purchasing, transportation and customer service for all Constellation Brands wine products produced in the United States, including exports, as well as demand and inventory planning; he also may handle an issue with

a customer, manage winery or supply issues, and handle a freight claim or a forecasting issue. “It’s keeping me off the streets,” he quips.

A native of Pittsburgh, Pa., who now lives in Canandaigua, Lijewski says he knew a year out of Penn State that he needed to get an M.B.A. “My Simon M.B.A. was critical to my success,” he says. “It was a door opener, and it helped me to frame and analyze all aspects of a problem. It also gave me terrifi c understanding of fi nance and

change management skills. One strong reason for how I’ve progressed in my career is my ability to bring about change.”

Lijewski says he uses the skills he acquired at Simon on a daily basis. “In this job, everything I do is about organizational behavior, reward systems and incentives. People will behave in a way you motivate them to behave. I was fascinated by Professor Ron Schmidt’s course and now I’m putting it into practice.”

In all company operations, the goal is to work safely and put out a quality product. “We have great people working here, and the longevity of our employees is a testament to the leadership of this company. We have very low turnover,” Lijewski says.

But it’s not just about managing winery employees; Lijewski’s other constituency is the grape growers. “We contract with roughly 155 grape growers annually,” he says. “We meet with them, assess their crops and by August 15, as required, post the price we will pay in a given year. The grower then decides whether to sell us the grapes. It’s basic supply and demand. We always try to come up with a fair price to maintain a good partnership.”

The result is what Lijewski calls “an incredible portfolio of fi ne wines from around the world”—a portfolio bound to grow even more. “This company is not afraid to do things differently, so it will never get stale or stagnant,” he notes.

Lijewski, a member of Simon’s Alumni Council, enjoys spending family time with his wife, Suzanne, and their children, Meghan, 17, Zachary, 14, and Noah, 12. In addition to being involved in his children’s school and sports schedules, bicycling is his recreation, and he rides about 1,200 miles during the course of the summer throughout the Bristol Valley and the South Finger Lakes.

20 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

As vice president and associate general counsel of Constellation Wines U.S., an operating division of Constellation Brands, Brian Meath ’89 is

responsible for managing the legal risk of the company’s four U.S. wine businesses: Icon Estates, Centerra Wine Company, Pacifi c Wine Partners and North Lake Wines.

A native of Canandaigua, N.Y., Meath earned his undergraduate degree in management at SUNY Geneseo in 1978 and his law degree from the University of Buffalo law school in 1981. He went into private practice in Rochester until 1985, when he joined the legal department at Rochester Telephone, now Frontier Communications. During that time, he decided to round out his background in business—in particular, human resources/labor relations and fi nance—by pursuing a graduate-level certifi cate in industrial and labor relations at Cornell University and his M.B.A. at the Simon School. He obtained both degrees as a part-time student, while employed at Rochester Telephone. “I use the skills I acquired at the Simon School frequently,” Meath says. “Law school taught me to think like an attorney, but my Simon M.B.A. helped me develop the tools and discipline of a business manager that make me more effective in counseling senior executives.” While earning his M.B.A.

and working full time, Meath and his wife, Kelly, welcomed their fi rst child, Allison. “What I remember most about those four years is how time intensive it was,” he recalls. One of Meath’s favorite Simon memories is of Commencement 1989, when 2-year-old Allison shouted, “That’s my Daddy!” as Meath crossed the Eastman Theatre stage.

After earning his Simon M.B.A., Meath was offered a job with Fisons Pharmaceuticals in Rochester, where he remained until 1996. That year, he became the fi rst in-house counsel at Paychex. Three years later, he was offered the job at Constellation Brands.

With Constellation Brands’ astronomical growth, the legal department at Constellation Wines U.S. has grown to four full-time attorneys. Outside counsel is retained as needed to support and supplement the handling of the multitude of diverse legal matters affecting the company. Meath expects Constellation Brands to continue to grow both organically and by acquisitions.

In this position, says Meath, no two days are the same. “The best thing about my job is that, on a daily basis, I work with a diverse group of very talented managers on a wide array of business matters—I learn something new every day,” he says.

Meath frequently travels to the West Coast, where Constellation Wines U.S. has wineries and offi ces in California, Washington and Idaho. When he’s not traveling, he works at the Constellation Wines U.S. headquarters in Canandaigua.

In a business that can be time consuming and intense, Meath does his best to balance it with his family and other interests. He and his wife recently celebrated their 25th wedding anniversary. Allison, now 20, is a junior at Ohio State University, and his son, Kyle, 16, is a junior at Canandaigua Academy. Kyle, who has cerebral palsy, loves to play wheelchair basketball. Meath attends Kyle’s games and is on the advisory board for the Rochester Wheels basketball team. He also serves on the boards of Thompson Health, Happiness House–Finger Lakes United Cerebral Palsy, and SportsNet, a division of the Rochester Rehabilitation Center, whose mission is to develop recreation and sports opportunities for people with disabilities. He is also a member of the Simon School Alumni Council.

Meath’s advice to Simon students is to strive for a wide variety of experiences—educationally, professionally and personally. “Each new experience exposes you to new challenges and opportunities,” he says. “Most important, pursue your dreams, but challenge yourself along the way.” SB

Brian Meath ’89Vice President and Associate General Counsel

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Zupan Joins Constellation Brands Board

Simon School Dean Mark Zupan joined the Constellation Brands board of directors in October 2007. “We are fortunate to be able to tap into Mark’s business and academic acumen and bring his unique perspective to our company’s board,” said Richard Sands, Constellation Brands board chairman. “We believe Mark will be a welcome and important addition to our board, and we look forward tohis counsel and contributions in support of achieving our long-term corporate goals.”

Zupan will work closely with fellow board members and recently appointed C.E.O. Robert Sands.

Sands Leadership Lecture Series

The Richard Sands Leadership Lecture Series brings prominent executives to the Simon School to discuss effective leadership.

The inaugural Sands Leadership Lecture, on April 20, 2007, featured renowned fi nance scholar and former Simon School faculty member Michael C. Jensen, Jesse Isidor Straus Professor of

Business Administration Emeritus at Harvard Business School and managing director, organizational strategy practice, for The Monitor Group.

The lecture series is made possible through the generous support of Richard Sands, board chairman at Constellation Brands and member of the Simon School Executive Advisory Committee.

Simon UNcorkedLast fall, Simon students founded a new wine club, called Simon UNcorked. The club, open to all members of the Simon community, was established on the belief that students should take advantage of every opportunity to set themselves apart in business and society. Because wine is an important part of business networking, students believe it is necessary to understand the many varieties and types of wine to make educated and respected wine choices in business settings.

In addition to attending lectures by wine industry executives, club members visit area vineyards, wine shops and restaurants to explore wine culture.

Michael C. Jensen

Richard Sands

Students attend a Simon UNcorked event.

22 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

Top graduate business schools, such as the Simon School, enroll a high percentage of international students in their full-time M.B.A. programs. At

Simon and other schools, such as Cornell University’s Johnson School, the University of Virginia’s Darden School, Carnegie-Mellon’s Tepper School, and the Uni-versity of Pennsylvania’s Wharton School, inter national full-time enrollment ranges from 30 to 50 percent.

A current cap on work visas, though, is making it more diffi cult for international students to work in this country. While Simon School faculty, staff and students are hoping the situation will change for the better, they are also trying to help the students fi nd ways to work now.

The 50-year-old H-1B visa program allows professionals from other countries to work here for a period of three years, with the option to renew for another three. The current cap on H-1B visas is 65,000, down from 195,000 in 2003. An additional 20,000 of the visas are set aside for individuals who have earned a graduate degree from a school in this country.

While the number of available visas is down, the number of international applications is rising. On April 2, 2007, the day applications could be accepted for 65,000 H-1B visas that would be available for the 2008 fi scal year, the U.S. Citizenship and Immigration Services had received over 150,000 eligible applications.

—by Kathryn Quinn Thomas

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“Many of our country’s most forward-thinking entrepreneurs have come from outside the United States to study here, then stayed on to enrich our economy with their intellectual capital and business acumen,” says Dean Mark Zupan. “During the last 15 years in the United States, foreign-born entrepreneurs have launched 25 percent of all venture-backed public companies and 40 percent of venture-backed public companies in the high-tech sector, according to data from the National Venture Capital Association. These immigrant-founded companies have generated half of the new jobs in the high-tech sector alone.”

Where would Silicon Valley be if the co-founders of Sun Microsystems Inc. had opted to avoid the U.S. visa hassle and do their graduate studies elsewhere? Sun, one of the world’s most innovative computer software fi rms, might have been founded in Vinod Khosla’s India, Andreas Bechtolsheim’s Germany or any number of other countries that are eagerly welcoming international graduate students.

“Rather than encourage this ‘brain gain’ to boost our economy, the United States continues to restrict the numbers of H1-B visas it issues,” Zupan says. “International students, looking for a graduate school in a country that will welcome their efforts following commencement, are beginning to turn to schools in Canada, the United Kingdom, India, Australia and elsewhere.”

The American free market system is driven, in part, by higher education; indeed, it is one of the nation’s largest exports. The United States is still the international market leader in graduate education, but other countries are seizing the opportunity to become major players in the higher education market.

Schools in India are seeing increasing enrollments in their internationally accredited M.B.A. institutions. The Association to Advance Collegiate Schools of Business International recently gave accreditation to business schools in Helsinki, Seoul and the United Arab Emirates. Canada, Australia and the United Kingdom are bending over backward to attract graduate business students as well.

“This country can no longer afford to ignore international competition in higher education,” Zupan says. “Graduate students don’t take jobs from U.S. citizens. After graduation, they bring a high-quality education, a drive toward entrepreneurship and a knowledge of international cultures this country needs in order to thrive in a global economy. They also bring signifi cant additions to our tax revenues and job rolls.”

At the Simon School, when students work together in teams of three or four, international students add a depth

of thought and understanding that gives their classmates a window into how business works around the globe.

Many of the Simon School’s international alumni have contributed directly to the U.S. economy, founding or helping to lead a number of companies here. Examples are: Harindra de Silva ’85, from Sri Lanka, president of Analytic Investors Inc., a company that started a hedge fund that has now grown to more than $13 billion; Gino Santini ’83, from Italy, senior vice president and head of strategy for Eli Lilly; Eduardo Centola ’93, from Brazil, head of mergers and acquisitions for Goldman Sachs; and Sanjay Vatsa ’89, from India, managing director for Citigroup.

The international students who choose to return to their home countries also help our economy. They take back with them to their countries of origin a deep appreciation for free markets, as well as a knowledge of both the United States and global economies that they have acquired in graduate school. International business leaders who are friendly to the United States—and its products and services—can only enhance our global reputation and macroeconomic performance.

“The risk of not loosening the current visa bottleneck is jeopardizing competitiveness in the global economy and discouraging the talent we need to build ideas into companies and jobs,” Zupan says. “The proposed legislative increase to 115,000 H1-B visas is a step in the right direction, but still inadequate. Businesses in this country cannot afford to lose access to this talent pool.” SB

Simon students brainstorm during a seminar on the student visa issue.

24 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

In Memoriam

Michael J. Barclay 1957–2007

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The Simon School community lost one of its brightest faculty stars on August 16, 2007, when Michael J. Barclay, 50, died in a seaplane

crash along Empire Boulevard in Penfi eld, N.Y., near Irondequoit Bay.

Professor Barclay was a beloved member of the Simon School faculty for 22 years. An outpouring of condolence messages from around the world recall a quiet, understated leader who led by example, was a tireless mentor to his students and junior faculty members, and was considered by many to represent all that is best about the Simon School.

A native of Wisconsin who grew up in New Jersey, Professor Barclay came to the Simon School in 1985 after completing his Ph.D. in economics at Stanford University. Later appointed Alumni Distinguished Professor of Business Administration, professor of fi nance and area coordinator of fi nance, he was honored with 11 Simon School M.B.A. Superior Teaching Awards, and in October 1994, he was ranked by BusinessWeek as one of the top 12 business professors in the United States.

After 10 years of teaching, Professor Barclay took a leave of absence to spend the 1995 –96 academic year teaching at the University of Pennsylvania’s Wharton School, where he was a fi nalist for the Helen Kardon Mars Anvil Award for outstanding teaching.

Professor Barclay, who earned his B.A. degree in economics summa cum laude from Colgate University, served as the chairman of the Nasdaq Economic Advisory Board and as an expert witness in cases involving securities litigation, fi nancial market operations and antitrust economics.

Professor Barclay’s research in corporate fi nance—the role of large-block shareholders in public corporations and market microstructure—has appeared in a variety of scholarly journals, including The Journal of Finance and the Journal of Financial Economics. He served as an advisory editor of the Journal of Financial Economics and as an associate editor of three other journals.

Professor Barclay’s passion for fi nance was equaled by his love of aviation. An experienced private pilot, he spent much of his spare time fl ying to remote fi shing spots with friends who shared his passion for aviation. He died with his dear friend and fellow pilot, David Finger, by his side.

Upon learning of his death, Dean Mark Zupan spoke for the entire Simon community. “All of us at

the Simon School are deeply saddened to learn of this tragic accident,” Zupan said. “Mike was a world-class scholar and a supremely gifted teacher, having been, among other things, rated among the top business school professors in the world by BusinessWeek. He was also a wonderful human being and friend. Our thoughts and prayers go out to his wife, Laura, and to his family. His warmth, generous spirit, passion for his students and scholarship and able mentoring of junior faculty will be deeply missed and always treasured in our hearts and memories.”

University of Rochester President Joel Seligman expressed his sympathy on behalf of the University community. “This is a terribly saddening loss for the University,” Seligman said. “Mike was a great talent. To lose him at so young an age makes this very much harder for his colleagues and students.”

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26 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

Faculty members were unanimous in praise for their late colleague.

“As an expert witness in securities litigation, Mike was perfect,” said Gregg A. Jarrell, professor of fi nance and economics and Professor Barclay’s colleague at Forensic Economics, a Rochester-based consulting fi rm specializing in such cases. “Expert witnesses play an important role in these situations. A lot of money is at stake and there is enormous pressure. As an expert witness, Mike had a quiet confi dence without any arrogance, and he could explain the most complex issues in ways that everyone could understand, with his Boy Scout persona that made you believe what he said. I don’t think he ever lost.”

“I’ve had the privilege of working with Mike Barclay since he joined the Simon School in 1985,” said Clifford W. Smith Jr., a senior member of the fi nance faculty. “Mike was an exceptional colleague, an infl uential scholar, an

inspiring teacher, an effective administrator and, most important, an extraordinarily nice person.”

“Like probably everyone I know, I liked Mike personally and respected him tremendously professionally,” said Jerold L. Warner, another fi nance faculty veteran, who hired Barclay in 1985. “We’re a very hard-nosed bunch in fi nancial economics, and the School will go on, but things will never be quite the same.”

Professor Barclay is survived by his wife, Laura Thurner, and his family. A memorial service took place at the University of Rochester on August 26, 2007, and Dean Zupan offered a brief tribute to him, including a moment of silence, during the School’s fi rst Convocation ceremony on September 21, 2007. A tribute also took place at the annual Allied Social Science Association meetings in New Orleans, La., on January 4, 2008, at the Sheraton New Orleans Hotel. SB

gBARCLAY MEMORIAL FUND

A MEMORIAL FUND HAS BEEN ESTABLISHED IN

MEMORY OF MICHAEL J. BARCLAY FOR STUDENTS

AND JUNIOR FACULTY AT SIMON IN THE FIELD OF

FINANCE. CONTRIBUTIONS MAY BE SENT TO THE

MICHAEL J. BARCLAY MEMORIAL FUND AT THE

SIMON SCHOOL, CAROL SIMON HALL, ROCHESTER,

NY 14627.

Donations may also be made online at https://

secure1.rochester.edu/gifts/simongiftform.php.

Please enter “Michael J. Barclay Memorial Fund”

in the “Additional Comments” section

of the online gift form.

U N I V E R S I T Y O F R O C H E S T E R | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | SimonBusiness | 27

Report on GivingThis past year, Simon continued to undergo a trans-formation. Channels of communication between students and the administration have increased dramatically. The Career Management Center staff has demonstrated that our success is their top priority, and they have exhausted every effort to help us fi nd our dream jobs and internships.

Student clubs and organizations are more vital and active than ever due to the efforts of committed individuals who are passionate about seeing their peers and the Simon School take the next step. Numerous initiatives have taken root in the past year that will blossom into sustainable programs as our class size becomes successively larger. We, as a student body, are happier than ever before and are eager to spread the good news about Simon and about our accomplishments and distinctions.

Simon has changed our lives, and we are proud of the people we are becoming. The world needs to know why. All major initiatives in the coming year will be aimed at creating a powerful public relations platform that illustrates how the Simon community is rapidly gaining strength. Potential students, families and administrators alike will be able to see what we have created at

Simon—a personal educational experience creating a close-knit family that shares in each other’s victories and defeats.

This is a critical juncture for us, one in which our efforts will help Simon thrive in the years to come. We invite you to help us. In addition to donating your time and talent to the Simon School, as many of you already are, your monetary gift to the School will have a direct impact on helping future Simon students to achieve their goals. Please consider donating to Simon today. On behalf of the student body, a sincere thank you for all that you are doing to help make a difference.

Regards,

Saad Alam ’08President, Graduate Business Council

P.S. Don’t forget that the value of your gift can be doubled, or even tripled, if you or your spouse works for a matching-gift company. Check with your appropriate HR or benefi ts department for more information.

Message from Saad Alam ’08

Alumni Annual Giving 2006–2007Giving Levels (includes matching gift pledges)

Simon Founders $1,000,000+

Simon Benefactors $100,000 to $999,999

Simon Patrons $50,000 to $99,999

Simon Directors $25,000 to $49,999

Simon Executives $10,000 to $24,999

Simon Leaders $5,000 to $9,999

Simon Society $2,500 to $4,999

Simon Partners $1,000 to $2,499

Simon Fellows $500 to $999

Simon Associates $250 to $499

Simon Hundred Club $100 to $249

Simon Donors $1 to $99

This report lists all gifts made to the Simon School between July 1, 2006, and June 30, 2007. Every effort has been made to include the names of all our donors and to ensure the accuracy of their names and giving levels. If you are aware of any errors or oversights, we apologize in advance and ask you to call the Offi ce of Alumni Relations and Development at (585) 275-7563. The corrections will be included in the next issue of SimonBusiness.

All degrees listed are Simon School degrees only; other University of Rochester degrees are not noted. Executive M.B.A. Program graduates are indicated by (*); deceased donors are indicated by (†).

28 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

FriendsSimon FoundersDiane JonesMichael Jones

Simon BenefactorsAgnes VanBranteghem AckleyEdmund A. HajimMarilyn Sue RosenJ. Peter SimonJanet SimonThe William E. Simon FamilyLinda Ellen Fisher SloanThomas R. Sloan

Simon PatronsFay Wadsworth WhitneyMark Zupan

Simon DirectorsColleen M. AndersonRonald W. Hansen

Simon ExecutivesJoseph M. BellMary BellStephanie Ann BollamAndrew M. CarterGregg M. Steinberg

Simon LeadersCindy C. BlochLaurence H. BlochLynne D. DavidsonCarolyn T. FriedlanderRoger B. FriedlanderHeather Alice GarrisonJulene GilbertGregg A. JarrellLeeAnn MillerBarbara SassanoGeorge J. Sella Jr.

Simon SocietyMargaret M. BurnsBrigid JonesCarolyn MacDonaldCharles L. MaddowKimberly E. PidhernyMariko Sakita-MozesonFriederike SeligmanJoel SeligmanMaureen SoterRobert C. Tait II

Simon PartnersHollis S. BuddAnne FarnhamMary FrommStacey GordonKaibo HuMargaret HubbardMadhu KhannaGerald R. McCueDaniel H. OberliesMarcia PalermoRamon L. RickerLynda Rosen

Jonathan SchwartzKirsten SchwartzG. William Schwert IIIMarian StammNancy WaasdorpHelen WischNathaniel WischG. Robert Witmer Jr.

Simon FellowsAlex D. CastroJessica R. FrankJennifer JamesAlan R. McGarry U.S.N.

(Ret.)†John S. SpauldingIgor SpivakMichal SpivakCheryl Lynn YawmanBei ZhangDodie ZimmermanJerold L. Zimmerman

Simon AssociatesDiane E. ButlerChrissie Copoulos, R.N.Jean A. FisherAdam J. GutsteinMatthew E. KennedyQin Monica LiSandra Stephenson LongStephen C. LynnGary D. MinsavageMandeep K. NehraMonica NehraMartina ObristDavid L. WalbaumSusan R. Wilkens

Simon Hundred ClubRebecca N. AustinAnjan BageheeLouise C. BeetzKaren E. CasperMichele Romance CrainVincent N. CroomBlanche Bacorn EveringhamSusan S. GibbsBari GoldsteinSusan Eleanor HayashiRobin Alice Radack HenrieAngela K. LowderDoris Waring LuckeyGeorge W. LuckeyDebra OgieAnnette Forker WeldJoan N. WitzelStephen R. Young

Simon DonorsJonathan AmoiaDiana J. BlankenshipWilliam R. BlankenshipMelissa BrookerBob CamengaDotty CamengaLynn M. ChamberyMary Copoulos

2006–2007 Operating Support Payments

Annual Giving Fund $1,103,000Includes corporate matching gifts

Other Operating Support $1,496,000Includes student activities, clubs and initiatives; payments on previous class gifts; curriculum development, research and seminars

Endowment Support Payments $517,000Endowment payments from individuals, corporations andfoundations that support scholarships, faculty and facilities

Simon School Fund Year 2007

Net Tuition and Fees $ 18,292,000 65%

Endowment Income $ 6,580,000 29%

Gifts, Grants and Miscellaneous Income $ 2,632,000 6%

Total Revenue $ 27,504,000 100%

Salaries and Benefi ts $ 17,058,000 62%

University Central Administration Expenses $ 5,872,000 21%

Operating Expenses $ 4,574,000 17%

Total Expenses $ 27,504,000 100%

Gifts, Grants and Misc. Income 6%

University Central Administration Expenses 21%

Endowment Income 29% Net Tuition and

Fees 65%

Total Expenses

Salaries and Benefits 62%

Operating Expenses 17%

Total Revenue

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Dorothy CuskerLesley DoupeThomas DoupeSilvia O. FlintonValene K. FrancoAnne B. Barnetson GilbrideAlyson GrossmanAndrew GrossmanRobin Ann KitayClaudia T. LandallGregory MacDonaldTina M. MurphyDavid B. MustardPatricia S. PhillipsRobert M. Sepaniak

Class of 1959Simon ExecutivesRichard A. Leibner, B.S.

Simon AssociatesJohn R. Lanz, M.S.

Simon Hundred ClubHenry J. Beetz, M.S.Daniel J. Flanagan, B.S.Peter J. Mermagen, B.S.Jack Rogan, B.S.

Simon DonorsRobert T. Burns, B.S.Donald W. Lewis, M.S.

Class of 1960

Simon Hundred ClubDonald H. Heim, M.S.

Simon DonorsRoland J. Zavada, M.S.

Class of 1961Simon LeadersRonald B. Knight, B.S.

Simon AssociatesRussell L. Hatch, B.S.

Simon DonorsJoseph F. Hammele, M.S.Thomas F. Lodato, M.B.A.Wilmer P. O’Connell, B.S.Ted H. Schmidt, B.S.

Class of 1962Simon AssociatesSharon G. Malcolm, B.S.

Simon Hundred ClubManfred Bayer, B.S.Glenn O. Brown, M.S.Phillip L. Schwartz, B.S.

Simon DonorsDavid W. Bills, B.S.Gerald E. Douglass, M.S.Edward D. Johnson, B.S.Kenneth C. Landall, B.S.Harold A. Sargeant, B.S.

Class of 1963Simon AssociatesBruce A. Hopkins, B.S.Freeman C. Lewis, M.S.

Simon Hundred ClubVaughan C. Judd, M.S.Robert F. Witzel, M.S.

Simon DonorsVincent J. Ciulla, B.S.Keith C. Herms, B.S.Theodore F. Horvath, M.S.

Class of 1964Simon BenefactorsEdward J. Ackley, M.S.

Simon PartnersDouglas F. Ward, B.S.

Simon FellowsDonald M. Bay, M.S.David K. Clark, B.S.Mark A. Goldstein, B.S.

Simon AssociatesLeonard L. Ciufo, B.S.

Simon Hundred ClubPeter J. Rossi, B.S.James B. Watt, M.S.

Simon DonorsThomas P. Goodwin, M.B.A.Jerome A. Siegel, B.S.Adolf B. Zuch, B.S.

Class of 1965Simon PartnersDwight F. Ryan, M.B.A.

Simon Hundred ClubRobert J. Blossom, B.S.Gene G. Hoff, M.B.A.Pieter Punt, M.B.A.

Simon DonorsEdward V. Ince, M.B.A.

Richard C. Sowa, B.S.

Class of 1966Simon BenefactorsBarry W. Florescue, B.S.

Simon PartnersThomas L. Quinn, M.B.A.

Simon AssociatesDavid C. Heiligman, B.S., M.S.William H. Leadbitter, B.S.

Simon Hundred ClubTerry D. Giles, B.S., M.B.A.Kevin J. McCabe, M.B.A.Charles L. Smithers, M.B.A.Parker L. Weld, M.B.A.

Simon DonorsJack L. Bartlett, M.S.Thomas S. Foulkes, M.B.A.Arthur L. Purinton II, M.B.A.Ridley M. Ruth, M.B.A.Bernard M. Sencer, B.S.Anthony J. Zollo, B.S.

Class of 1967Simon BenefactorsMark S. Ain, M.B.A.

Simon ExecutivesDavid Reh, M.B.A.

Simon AssociatesDon J. Cushing, M.S.

Simon DonorsKevin J. Donnelly, M.B.A.Carl U. Foucht, M.B.A.Gary L. Grahn, M.B.A.Lewis F. Mayer Jr., M.B.A.John E. Potter, B.S.

Class of 1968Simon SocietyJames S. Gleason, M.B.A.*

Simon FellowsTimothy J. Leach, M.B.A.

Simon AssociatesJohn M. Sweeney, M.B.A.

Simon Hundred ClubPeter S. Eisenhut, M.B.A.John M. Ferguson, M.B.A.Arthur M. Ferrance Jr., M.B.A.Robert J. Hesselberth, M.B.A.David J. Howard, M.B.A.John P. Reynolds, M.B.A.

Simon DonorsAlbert L. Burnett, B.S.Charles H. Kimball, M.B.A.Michael S. Terry, M.B.A.

Class of 1969Simon PartnersPeter L. Waasdorp, B.S., M.S.

Simon FellowsCharles A. Dowd Jr., M.B.A.Nicholas D. Trbovich, M.B.A.

Simon Hundred ClubAlbert C. Crofton, M.B.A.*Richard L. Dehm, M.B.A.*George R. Michaels, M.B.A.Albert W. Miller Sr., M.B.A.*†Robert M. Weinstein, B.S.,

M.B.A.

Simon DonorsJohn P. Heller, M.B.A.*Glenn P. Meade, M.B.A.Joseph R. Nunn, M.B.A.Scott M. Scudder, M.B.A.Peter B. Stock, M.B.A.John R. Wilson, B.S., M.B.A.

Class of 1970Simon ExecutivesFrancis G. Creamer Jr., M.B.A.

Simon LeadersBruce M. Greenwald, B.S.,

M.B.A.

Simon SocietyCharles R. Hughes, M.B.A.

Simon PartnersRajendra K. Khanna, M.B.A.

Simon FellowsJames E. Eden, M.B.A.*Steven A. Rothschild, B.S.,

M.B.A.

Simon Hundred ClubArthur J. Bernstein, M.B.A.Ward W. DeGroot III, M.B.A.Theodore M. Edson, M.S.John J. Ekelund, M.B.A.George E. Hedstrom, M.B.A.James S. Hutchinson, M.B.A.Daniel A. Lupiani, M.B.A.Ray S. Messenger, M.B.A.Jack W. Morrissey, M.B.A.Eugene C. Murkison, M.B.A.Joseph D. Patton Jr., M.B.A.

Simon DonorsJoseph P. Connellan, M.B.A.Earl N. Dunn, M.B.A.Richard S. Fitts, M.B.A.*Arthur P. Ismay, M.B.A.Thomas J. Keegan, M.B.A.Charles W. Miersch, M.B.A.Peter T. Stubenvoll, M.B.A.

Class of 1971Simon FellowsRichard T. Bourns, M.B.A.*Thomas D. Lunt, M.B.A.*

Simon AssociatesTimothy J. Downs, M.B.A.Dana H. Hooper, M.B.A.Kevin P. Wright, M.B.A.

Simon Hundred ClubRobert C. Bartlett U.S.N.

(Ret.), M.S.Kenneth E. DiSanto, M.B.A.*James F. Taylor, M.B.A.*

Simon DonorsDouglas R. Amos, M.B.A.*Edward P. Hart, M.S.Paul F. Keefe, M.S.John M. Toler, M.S.William T. Williams IV, M.S.

Class of 1972Simon ExecutivesRichard O. Bollam, M.B.A.Robert J. Keegan, M.B.A.

Simon SocietyArthur P. Soter, M.B.A.

* Executive M.B.A. graduate † Deceased

The Rochester-Bern Executive M.B.A. Program commencement ceremonies were held in Switzerland on June 22, 2007. The group above shows the 27 graduates in lively celebration.

30 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

Simon PartnersSherman Farnham Jr., M.B.A.Kenneth R. Kimbrough, M.B.A.

Simon FellowsBrian T. Ratchford, M.B.A., Ph.D.

Simon AssociatesReuben T. Harris Jr., M.B.A.Sidney L. McAllister, M.B.A.Walter C. (Terry) Newcomb II,

M.B.A.

Simon Hundred ClubWilliam J. Berger, M.B.A.Michael N. Copanas, B.S.C. Paul Faux, M.B.A.Vinson J. Friedman, M.B.A.John T. Long, M.B.A.David Mayers, Ph.D.William C. Schmidt III, M.B.A.*Thomas R. Watson, M.B.A.

Simon DonorsGregory H. Brown, M.B.A.Bruce V. Gitlin, M.B.A.Dan H. Hegler Jr., M.S.Richard C. Johnson, M.B.A.Michael H. Jones, M.S.Bernard S. Kahn, M.S.William E. Lucey, M.B.A.Terrence J. Meyer, M.B.A.S. Beacher Pearce, M.B.A.Paul J. Turek Jr., M.B.A.Ralph J. Ullman, M.B.A.Kathleen Flesh Urbelis, B.S.,

M.B.A.

Class of 1973Simon PatronsRalph R. (Roy) Whitney Jr.,

M.B.A.*

Simon SocietyLarry Aiello Jr., M.B.A.Ramachandra Bhagavatula,

M.B.A.W. Barrry Phelps III, M.B.A.

Simon PartnersLawrence S. Hershoff, M.B.A.Peter M. Palermo II, M.B.A.*Dennis S. Soter, M.B.A.

Simon FellowsJames V. Finniss, M.B.A.

Simon Hundred ClubJohn D. Jackson, M.S.Kevin J. Michael, M.B.A.Dennis M. Peel, M.B.A.*Joseph H. Safi er, B.S., M.B.A.Robert B. Seebach, M.B.A.James H. Shear, M.B.A.

Simon DonorsJames A. Chiafery, C.P.A.,

C.M.A., M.B.A.Clifton R. Largess Jr., M.B.A.*Leonard J. Lyons, M.B.A.

Edward A. Meltzer, M.B.A.Calvin A. Miller, M.B.A.*Patricia O’Keefe Ross, B.S.,

M.B.A.J. Chris Snow, B.S., M.B.A.

Class of 1974Simon DirectorsElizabeth S. Hansen, M.S.

Simon ExecutivesAlbert I. Salama, M.B.A.

Simon LeadersAlan J. Heuer, M.B.A.*

Simon PartnersPeter Giles, M.B.A.*

Simon FellowsJohn B. Robbins, M.B.A.

Simon AssociatesWilliam E. Bond, M.B.A.Daniel T. Drewek, M.B.A.Milton R. Long Jr., M.B.A.Robert B. Masteller, M.B.A.*

Simon Hundred ClubPeter A. de Sherbinin, M.B.A.Charles E. Dewitte, B.S., M.B.A.Richard H. Franke, Ph.D.Jay H. Goldstein, M.B.A.Steven W. Graham, M.B.A.Alan C. Hasselwander, M.B.A.*Michael L. Kehoe, M.B.A.James McEneaney, M.B.A.Edward M. Rice, M.B.A.Thomas A. Terry, M.B.A.

Simon DonorsCraig H. Aase, M.B.A.Jerome M. Alvermann, M.B.A.*Leslie J. Knox Jr., M.B.A.Paul A. Langlois, M.B.A.Andrew V. Levin, M.B.A.Michael C. Margolis, M.B.A.William M. McGhee, M.B.A.*James R. Unckless, M.B.A.David L. Wilson, M.B.A.Fried R. Wilson, M.B.A.

Class of 1975Simon BenefactorsJoseph T. Willett, M.B.A.

Simon PatronsFrancis L. Price, M.B.A.

Simon ExecutivesCarl C. Williams, M.B.A.*

Simon LeadersCarl E. Sassano II, M.B.A.

Simon FellowsRobert J. O’Brien, M.B.A.*

Simon AssociatesBarbara D. Davne Bart, M.B.A.Randall K. Bart, M.B.A.Peter H. Durant, M.B.A.

Simon Hundred ClubMichael W. Fedoryshyn C.P.A.,

C.M.A., M.B.A.John R. Henrie, M.B.A.Peter B. Lounsbury, M.B.A.Sheldon A. Zorfas, M.B.A.

Simon DonorsRobert R. Cooper, M.B.A.S. David Coriale, M.B.A.Rodney L. Grigg, M.B.A.John M. Kuebel, M.B.A.*Amy Irene Glover Williams,

M.B.A.

Class of 1976Simon ExecutivesJay Steven Benet, M.B.A.

Simon PartnersRobert J. Castellani, M.B.A.*Bertram M. Days, M.B.A.

Simon FellowsPaul S. Goldberg, M.B.A.Bruce R. Hellman, M.B.A.James C. Witzel, M.B.A.

Simon AssociatesJames B. Fisher, M.B.A.Paul A. Tasca, M.B.A.

Simon Hundred ClubRaymond L. Bauch, M.B.A.*Kenneth C. Burnham, M.B.A.Susan Yurash Close, M.B.A.Richard J. Kievit, M.B.A.*Frederick V. Krumm, M.B.A.Mark A. Maxim, M.B.A.Richard D. McGavern, M.B.A.*Barbara Amdur Rosenbaum,

M.B.A.Arlene D. Thrope, M.B.A.

Simon DonorsGregory R. Blackburn, U.S.N.,

M.B.A.Carol D. Foster, M.B.A.Thomas F. Hewner, M.B.A.Gary J. Hilkert, M.B.A.Barnett R. Parker, M.S., Ph.D.Albert H. Shen, M.B.A.Stephen C. Smith, M.B.A.

Class of 1977Simon ExecutivesW. Michael Corkran, M.B.A.

Simon PartnersL. David Pudup, M.B.A.Robert E. Rosdahl, M.B.A.Daniel J. Vantucci, M.B.A.*

Simon FellowsStephen A. Allen, M.B.A.Pauline Ning Brody, M.B.A.Raymond V. Malpocher, M.B.A.

Simon AssociatesDavid G. Anderson, M.B.A.

Mark F. Hinman, M.B.A.

Simon Hundred ClubCraig R. Chormann, M.B.A.John B. Henderson, M.B.A.John F. Hill, M.B.A.Robert G. Johnson, M.B.A.Eric A. Zlotnik Nichols, M.B.A.Keith B. Robinson, M.B.A.Jan M. Shack, M.B.A.Sonia R. Toner, M.B.A.

Simon DonorsRuss E. Kaegebein, M.B.A.*Gregory W. Matthes, M.S.George J. McLoughlin, M.B.A.Jeffry A. Schwartz, M.B.A.Lynne M. Taylor, M.B.A.Leonard W. Treash Jr., M.B.A.*Melinda Moyer Whitbeck,

M.B.A.William E. Williams, M.B.A.John G. Yingling, M.B.A.

Class of 1978Simon BenefactorsJanice M. Willett, M.B.A.

Simon DirectorsRobert M. Osieski, M.B.A.

Simon SocietyDavid J. Burns, M.B.A.Stephen C. Graves, M.S., Ph.D.

Simon FellowsHannelore Woodin Hess, M.B.A.Robert M. Hess, M.B.A.Stephen W. Shepard, M.B.A.

Simon AssociatesArlene M. Carroll, M.B.A.Kathleen Ann Collifl ower, M.B.A.Timothy J. Costello, M.B.A.John J. Mahar, M.B.A.David K. Young, M.B.A.

Simon Hundred ClubScott W. Abercrombie, M.B.A.Joseph V. Blake, M.B.A.Fujio Hayashi, M.B.A.Frank S. Karbel, M.B.A.Thomas J. Larkin Jr., M.B.A.*Thomas G. Phelps, M.B.A.Vincent A. Renzi Jr., M.B.A.

Simon DonorsRebecca Banken Brindle,

M.B.A.Jack A. Karet, M.B.A.*Bruce B. Wyner, M.B.A.Henry A. Young, M.S., Ph.D.

Class of 1979Simon DirectorsDonald L. (Skip) Conover,

M.B.A.*

Simon LeadersMark R. Garrison, M.B.A.

Simon SocietyDonald H. Chew Jr., M.B.A.

Simon PartnersMr. and Mrs. Jeffrey G.

AndersonSamuel T. Hubbard Jr., M.B.A.

Simon FellowsJ. Burton Brown, M.B.A.*Jack H. Chernus, M.B.A.Steven L. Hofl er, M.B.A.Robert A. Hultz, M.B.A.

Simon AssociatesAlan J. Dole, M.B.A.Gary P. Knoblach, M.B.A.Bruce E. Meckling, M.B.A.

Simon Hundred ClubRichard S. Bloss, M.B.A.Mary E. Cowden, M.B.A.John A. Foster, M.B.A.Donald W. Haller, M.B.A.*Richard A. Harder, M.B.A.Nancy E. Mellen Herbrand,

M.B.A.Samuel D. Kleinman, M.S.,

Ph.D.Dale M. Rudiger, M.B.A.Barbara Ann Seneca, M.B.A.Edward J. Walton, M.B.A.*

Simon DonorsJoseph C. Gartner, M.B.A.Steven R. Olson, M.B.A.Sandra B. Schiffman, M.B.A.Stephen E. Townsend, M.B.A.

Class of 1980Simon DirectorsJohn W. Anderson, M.B.A.

Simon LeadersThomas J. Hartman, M.B.A.

Simon PartnersE. Mark Gressle, M.B.A.Chavis Alice Williams, M.B.A.

Simon FellowsMichael W. Kernin, M.B.A.Steven S. Levinn, M.B.A.

Simon AssociatesRobert Carberry, M.B.A.Harvey L. Kravis, M.B.A.Lin-Mei Hsu Kravis, M.B.A.Robert D. Lorenz, M.B.A.*William J. Reddy, M.B.A.*Thomas C. Vance, M.B.A.Richard C. Wilson, M.B.A.*

Simon Hundred ClubSanjai Bhagat, M.B.A.Marianela R. DelPino-Rivera,

M.B.A.Carolyn Perry Grow, M.B.A.Robert W. Hall Jr., M.B.A.Keith E. Harrison, M.B.A.Neal F. Herman, M.B.A.

U N I V E R S I T Y O F R O C H E S T E R | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | SimonBusiness | 31

William D. Jones, M.B.A.John E. Kelly, M.B.A.*Mary Katherine MacNeil, M.B.A.Thomas E. McCullough, M.B.A.Wayne H. Mikkelson, M.S., Ph.D.James N. Reynolds, M.B.A.Karen Judd Thomas, M.B.A.

Simon DonorsNancy L. Boswell, M.B.A.Christopher H. DeVoe, M.B.A.Virendra K. Gupta, P.E., M.B.A.*David C. Johnson, M.B.A.Cynthia Lebel Kahn, M.B.A.Susan Diana Johnson Landis,

M.B.A.Rodney I. Lowe, M.B.A.*Gabriel F. Norona, M.B.A.Steve A. Russell, M.B.A.Jeffrey L. Sisson, M.B.A.*Debra Maxine Liss Smolka,

M.B.A.

Class of 1981Simon ExecutivesChristopher T. Dunstan, M.B.A.

Simon SocietyPeggy Graessle Wier, M.B.A.,

M.S., Ph.D.

Simon PartnersDavid J. Oliveiri, M.B.A.*

Simon FellowsAndrew S. Feld, M.B.A.

Simon AssociatesEileen Reynolds Lindburg,

M.B.A.Mark N. Motyka, M.B.A.Om P. Popli, M.B.A.*George J. Scharr, M.B.A.

Simon Hundred ClubAllen D. Gundlach, M.B.A.Edward S. Hollshwandner,

M.B.A.Craig W. Johnson, M.B.A.Gary Lisy, M.B.A.Robert C. Maddamma, M.B.A.*David B. Meister, M.B.A.John B. O’Connor, M.B.A.Robert J. Whitbeck, M.B.A.

Simon DonorsArthur C. Alexion, M.B.A.William O. Cranshaw, M.B.A.Brian D. Dick, M.B.A.Michael J. Kroeger, M.B.A.Julia Pierce Lamie, M.B.A.Barbara A. Neumann, M.B.A.Jane Stewart O’Donnell, M.B.A.Paul F. Schneider, M.B.A.H. Justin Wolf, M.B.A.

Class of 1982Simon BenefactorsAnonymous

Simon LeadersW. Barry Gilbert, M.B.A.

Simon SocietyFrank C. Torchio, M.B.A.

Simon PartnersPeter J. Nicoletti, M.B.A.

Simon FellowsPeter P. Jones, M.B.A.Carl H. King, M.B.A.*

Simon AssociatesRussell P. Beyer, M.B.A.Hiromitsu Takemi, M.B.A.Janet Webster, M.B.A.

Simon Hundred ClubBernt D. Hoppert, M.B.A.W. Frederick Lascheid, M.B.A.Nelson J. Mathias, M.B.A.Patrick D. McCawe, M.B.A.Kusum B. Narang, M.B.A.Michael D. Osiecki, M.B.A.Carlos M. Sera, M.B.A.James W. Sharpe, M.B.A.

Simon DonorsKarl R. Ferchau, M.B.A.Demetris Paraskevopoulos,

M.B.A.

Class of 1983Simon BenefactorsMichael S. Rosen, M.B.A.

Simon PatronsGary P. Johnson, M.B.A.Kathy Nadine Waller, M.B.A.

Simon LeadersGregg A. Ferguson, M.B.A.

Simon PartnersJoan R. Lavis, M.B.A.

Simon FellowsPatricia F. Fallat Habben,

M.B.A.Barbara J. Purvis, M.B.A.

Simon AssociatesScott M. Blum, M.B.A.Craig T. Sheetz, M.B.A.George H. Yeadon, M.B.A.

Simon Hundred ClubKevin M. Burns, M.B.A.John C. Buttrill, M.B.A.*Robert C. Cordes, M.B.A.Peter Greaves-Tunnell, M.B.A.Wayne M. Guyther, M.B.A.Rachel A. Heisler, M.B.A.Robert J. Leonard, M.B.A.Richard D. Liu, M.B.A.Raj R. Marken, M.B.A.Raymond J. Parker, M.B.A.*Michael D. Riedlinger, M.B.A.Peter Rumrill, M.B.A.Anthony J. Tangires, M.B.A.Anthony G. Wilson, M.B.A.

Simon DonorsClaude A. Marini, M.B.A.William M. Prohn, M.B.A.Jeanne S. Rabold, M.B.A.Richard G. Schiavo, M.B.A.*Thomas E. Thaney, M.B.A.

Class of 1984Simon ExecutivesEvans Y. Lam, M.B.A.Michael P. Ryan, M.B.A.

Simon PartnersDiane Frost McCue, M.B.A.Thomas M. Pianko, M.B.A.Patricia M. Schwert, M.B.A.*

Simon FellowsPeter C. Gummeson, M.B.A.James J. Malvaso, M.B.A.*

Simon AssociatesArthur L. Nesslage, M.B.A.Martha M. Osowski, M.B.A.Raymond R. Quintin C.P.A.,

M.B.A.

Simon Hundred ClubLawrence J. Beyer, M.B.A.Jean H. Carnavos, M.B.A.William T. Evans, M.B.A.Eric E. Fredericksen, M.B.A.Daniel E. Gallagher, M.B.A.Gerald S. Johnson Jr., M.B.A.Gerald C. Lesko, M.B.A.Beth G. Tallman, M.B.A.Suzanne Williams Vary, M.B.A.Bruce E. Wandelmaier, M.B.A.Douglas G. Wiggins, M.B.A.*Donald J. Wiley, M.B.A.

Simon DonorsGilbert M. Elchinger, M.B.A.William B. Hungerford Jr., M.B.A.Jerry W. Jarrard, M.B.A.Thomas H. McLain, M.B.A.Kathleen E. Manning Mowrey,

M.B.A.Mark H. Poskanzer, M.B.A.David N. Richardson, M.B.A.Christine Ann Stocker Surette,

M.B.A.

Class of 1985Simon DirectorsLance F. Drummond, M.B.A.*

Simon ExecutivesHarindra de Silva, M.B.A., M.S.

Simon SocietyMark H. Mozeson, M.B.A.Amy L. Tait, M.B.A.*

Simon PartnersScott J. Gordon, M.B.A.Kumaravelan Thillairajah, M.B.A.

Simon FellowsPaul Y. Lee, M.B.A.

Brian T. Rhame, M.B.A.Clifford R. Thumma, M.B.A.

Simon AssociatesSondra C. Franzen, M.B.A.*Robert F. Habig II, M.B.A.Randall A. Krolewicz, M.B.A.Charles S. Scully, M.B.A.Patrice D. Scully, M.B.A.

Simon Hundred ClubJohn R. Cherry, M.B.A.*Eric R. Fliegel, M.B.A.Robert Francois, M.B.A.Robert S. Karz, M.B.A.*Robert A. Keller, M.B.A.*Dennis P. MacMahon, M.B.A.Kenneth H. Marienau, M.B.A.Linda C. Fillingham Weitzel,

M.B.A.

Simon DonorsAndrew S. Blake, M.B.A.Laurie Griswold Bubacz, M.B.A.Robert Bubacz, M.B.A.Joseph P. DeBlaere, M.B.A.*Peter M. James, M.B.A.Bruce A. Kemperman, M.B.A.Joseph P. Kent, M.B.A.Anthony C. Mazzullo, M.B.A.Mary Ann Oppenheimer, M.B.A.Sara R. Salloum, M.B.A.Nancy Warren-Oliver, M.B.A.James C. Weaver, M.B.A.*William M. Yarzinsky, M.B.A.*

Class of 1986

Simon SocietyMaija S. Arbolino, M.B.A.John C. MacDonald, M.B.A.Timothy W. Williams, M.B.A.*

Simon PartnersWilliam C. Frank, M.B.A.

Simon AssociatesJohn P. Adams, M.B.A.Bradford D. Anderson, M.B.A.Kenneth W. Moore, M.B.A.

Simon Hundred ClubCathleen Margarete Frank, M.B.A.Thomas B. Hambury, M.B.A.*Michael J. Henderson, M.B.A.Mark W. Karrer, M.B.A.*James Loughlin, M.B.A.*Mickey J. Orr, M.B.A.*Robert J. Thompson Jr., M.B.A.Kenneth J. Tunnell, M.B.A.

Simon DonorsJudy Cuthbert Babbitt, M.B.A.George T. Fekete, M.B.A.*Rafael R. Flores, M.B.A.Robert B. Hall, M.B.A.*Michael J. Karas, M.B.A.Susan Beth Kostick, M.B.A.Marc E. Krimmer, M.B.A.Paul E. Lapira, M.B.A.

Jennifer A. Powell, M.B.A.Elizabeth Anne Shrier, M.B.A.Thomas C. Strasenburgh,

M.B.A.Charles B. Thomas, M.B.A.*Daniel J. Troup, M.B.A.

Class of 1987Simon SocietyMichael C. Eberhard, M.B.A.Suzanne Cupolo Eberhard,

M.B.A.Dennis M. Pidherny, M.B.A.

Simon PartnersSharon M. McConeghy, M.B.A.Mark A. Redline, M.B.A.

Simon FellowsVincent L. Pacilio, M.B.A.Olivia R. Liu Sheng, M.S., Ph.D.

Simon AssociatesGeorge K. Allen, M.B.A.*Pramit S. Jhaveri, M.B.A.Kathie A. Keller, M.B.A.*Thomas P. Nescot, M.B.A.Jonathan B. Polansky, M.B.A.

Simon Hundred ClubJanet L. Dobbs, M.B.A.Edwin M. Erickson, M.B.A.Patricia Latham Gray, M.B.A.Louise R. Greaves-Tunnell,

M.B.A.Cynthia L. Kershner Harper,

M.B.A.Fred E. Reed Jr., M.B.A.*Douglas K. Robinson, M.B.A.*Kimberly Meagher Salisbury,

M.B.A.Judith E. Szustakowski, M.B.A.

Simon DonorsKaren L. Bernhardt, M.B.A.*Karen Lee Bresnahan-Uthman,

M.B.A.Michael L. DeMaria, M.B.A.William A. DiCesare, M.B.A.John J. Donner, M.B.A.*John C. Groetch, M.B.A.Robert W. Hartland, M.B.A.*Timothy J. Kindler, M.B.A.Amy Dunham McHale, M.B.A.Carolann C. McLain, M.B.A.Linda B. Pirollo, M.B.A.Elizabeth A. Sager, M.B.A.Thomas R. Shone, M.B.A.Robert H. White, M.B.A.

Class of 1988Simon ExecutivesC. A. (John) Davidson, M.B.A.*

Simon PartnersAnders L. Eggen, M.B.A.Joseph L. Fischer, M.B.A.James R. McConeghy Jr.,

M.B.A.

*Executive M.B.A. graduate

32 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

Alan R. Rosen, M.B.A.*Dean G. Tucker, M.B.A.Diane Zavacki Tucker, M.B.A.Seungjin Whang, M.S., Ph.D.

Simon FellowsRobert W. Paton, M.B.A.Karen Hopper Wruck, M.S., Ph.D.

Simon AssociatesRobert E. Butler, M.B.A.*Rita L. Ratcliffe, M.B.A.*Bruce A. Ring Jr., M.B.A.Scott D. Shira, M.B.A.Nicholas T. Voulgaris, M.B.A.

Simon Hundred ClubAlphonse T. Alaimo, M.B.A.George O. Bergantz, M.B.A.*Rocco Colangelo Jr., M.B.A.Julianne E. Crisante, M.B.A.Michael J. Degenhart, M.B.A.Scott K. Dunnihoo, M.B.A.George C. Fu, M.B.A.Alan S. Gellman, M.B.A.Stephen M. Herz, M.B.A.*Craig A. Keefer, M.B.A.Mitchell K. Long, M.B.A.Keith D. Martin, M.B.A.Betsy Tanner Wright, M.B.A.

Simon DonorsWilliam J. Castellino, M.B.A.Richard E. Cusker, M.B.A.David M. Dyer, M.B.A.Mary Ann Grad, M.B.A.Stephen J. Khederian, M.B.A.Kenneth C. Krebs, M.B.A.*Edward Y. Lee, M.B.A.Susan T. MacDougall, M.B.A.Catherine A. O’Neill Nathwani,

M.B.A.Sharon M. Puccio Phillips,

M.B.A.Moon-Whoan Rhee, M.B.A.Steven J. Romocki, M.B.A.Joseph T. Schoener, M.B.A.Alice Lee Calabrese Smith,

M.B.A.

Class of 1989Simon LeadersEfrain Rivera, M.B.A.

Simon SocietyPeter F. Olnowich Jr., M.B.A.

Simon PartnersSteve M. Dubnik, M.B.A.*Peter L. Gaylord, M.B.A.Linda T. Hollembaek, M.B.A.*Nicholas Jenkins, M.B.A.Douglas E. Jones, M.B.A.Helen D. Newman, M.B.A.Kurt V. Wojdat, M.B.A.

Simon FellowsWarren Kerper, M.B.A.Philip H. Yawman, M.B.A.

Simon AssociatesJohn K. Leister, M.B.A.Dana K. Miller, M.B.A.*Craig I. Mondschein, M.B.A.Jeffrey L. Rummel, M.S., Ph.D.Ronald G. Tomaszewski, M.B.A.Johannes G. Velthuis, M.B.A.*Amit K. Walia, M.B.A.

Simon Hundred ClubMark A. Anderson, M.B.A.Todd M. Battaglia, M.B.A.David J. Cole, M.B.A.Barbara L. Consler, M.B.A.Keith C. DeAngelis, M.B.A.Robert B. Klie, M.B.A.Elizabeth A. Pollard, M.B.A.Gregory P. Quintana, M.B.A.J. Theodore Smith, M.B.A.

Simon DonorsSteffl er Newlin Balsley, M.B.A.Michael H. Brown, M.B.A.Frank M. Diorio, M.B.A.*Debra K. Goldberg, M.B.A.Edward J. Guerra, M.B.A.John W. Lambeth, M.B.A.Brian P. Meath, M.B.A.John S. Mooney, M.B.A.Daniel P. Murphy, M.B.A.*Walter W. Roman, M.B.A.Susan E. Moyer Shevlin, M.S.,

Ph.D.Stephen J. Wydysh, M.B.A.

Class of 1990Simon ExecutivesStephen E. Rogers, M.B.A.

Simon SocietyPierre R. Heroux, M.B.A.Nicholas S. Kello, M.B.A.

Simon PartnersJames V. Hemenway, M.B.A.

Simon FellowsTimothy P. Cost, M.B.A.*Elliot S. Foo, M.B.A.

Simon AssociatesDavid A. Green, M.B.A.Peter Ploumidis, M.B.A.Delano Randolph, M.B.A.Martialis VanPoecke, M.B.A.*Bruce N. Yoder, M.B.A.

Simon Hundred ClubMichael W. Andrews, M.B.A.Charles J. Avallone, M.B.A.Nicola F. D’Annunzio, M.S.John R. Evans, M.B.A.*Susan M. Janosz Grassi, M.B.A.Kathleen Hagan Kilmer, M.B.A.Theodore T. Malone, M.B.A.John O. Proverbs, M.B.A.Nobuo Tominaga, M.B.A.Gary W. VanScoter, M.B.A.*Margaret C. Walters, M.B.A.

Simon DonorsScott D. Bednarz, M.B.A.Mauro Canori, M.B.A.Patrick S. Capuano, M.B.A.Scott R. Chambery, M.B.A.Donald J. Diven, M.B.A.Charles F. Fitter, M.B.A.Frederick S. Gattelaro, M.B.A.Robert Grassi, M.B.A.Peter A. Henderson, M.B.A.Linda Scofi eld Krapf, M.B.A.Stephen G. LeBlanc, M.B.A.*Daniel R. Loughridge, M.B.A.Graeme D. Roberts, M.B.A.Charles G. Ross, M.B.A.Marjorie M. Stell, M.B.A.Susan Boyle Stoev, M.B.A.Brian D. Wallace, M.B.A.

Class of 1991Simon ExecutivesAndrew J. Thomas, M.B.A.

Simon LeadersRichard T. Miller, M.B.A.

Simon PartnersDavid R. Dobies, M.B.A.John J. Perrotti, M.B.A.Judith S. Paniccia Ricker, M.B.A.

Simon FellowsRodolfo T. Gonzales, M.B.A.

Simon AssociatesMarcy Eisenstadt Freeman,

M.B.A.Denise K. Gutstein, M.B.A.Bruce A. Leichtman, M.B.A.Kevin J. Zielinski, M.B.A.Lisa Whitaker Zielinski, M.B.A.

Simon Hundred ClubMaysa Perez Antonio, M.B.A.Charles W. Bitzer, M.B.A.John C. Casper, M.B.A.Margaret Sullivan Champlin,

M.B.A.Alfonso D. DiGabriele, M.B.A.Yavuz K. Erkan, M.B.A.Charles W. Goodman, M.B.A.Juhani J. Haikala, M.B.A.Richard J. Marsden, M.B.A.Craig P. Merrigan, M.B.A.Peggy Y. Wang Palamar, M.B.A.Susan E. Koerner Pearson,

M.B.A.Donald G. Rackl, M.B.A.John B. Tesoro, M.B.A.

Simon DonorsSanjeev Dewan, M.S., Ph.D.William E. Donohue, M.B.A.Patrick J. Engels, M.B.A.Anju Gupta, M.B.A.Kenneth W. Hammill, M.B.A.Rolando Leiva, M.B.A.David B. Mirsky, M.B.A.Jack E. Payne, M.B.A.

Tracy J. Peglowski, M.B.A.George R. Pohndorf, M.B.A.Kim C. Pugliese, M.B.A.Paul W. Rockefeller, M.B.A.Patrick J. Rogers, M.B.A.Jill Vallandingham Roman,

M.B.A.David A. Rothstein, M.B.A.Carl J. Salatino, M.B.A.Jeananne Thomas, M.B.A.Janet E. Schmidlin Tyler, M.B.A.Karen K. Vignare, M.B.A.Bruce H. Watkins, M.B.A.*John F. Wenderlich, M.B.A.

Class of 1992Simon ExecutivesRichard G. Sloan, M.S., Ph.D.

Simon LeadersGerald A. Altilio Jr., M.B.A.

Simon SocietyRene F. Jones, M.B.A.

Simon PartnersDavid C. Harris, M.B.A.Bruce W. Parks, M.B.A.

Simon FellowsAnwer S. Ahmed, M.S., Ph.D.H. C. Digby Clements, M.B.A.Timothy J. Egan, M.B.A.

Simon AssociatesHsing Cheng, M.S., Ph.D.Shing-Yang Hu, M.S., Ph.D.Robert T. Kingsley, M.B.A.Phillip M. Levy, M.B.A.Alan L. Saliin, M.B.A.

Simon Hundred ClubJay W. Allen, M.B.A.John M. Anzalone, M.B.A.R. Todd Barber, M.B.A.Michael J. Behrman, M.B.A.Gail Fromm Burke, M.B.A.Denton R. Clark, M.B.A.*Steven A. DeBalso, M.B.A.Peter M. Defazio, M.B.A.Gregory S. Hayt, M.S.Karen Elaine Jaskolka, M.B.A.Daniel J. Johnston, M.B.A.Gregg D. Layer, M.B.A.Mark E. Maring, M.B.A.David T. O’Shaughnessy, M.B.A.Robert Parrino, M.S., Ph.D.Jeffrey W. Politte, M.B.A.James R. Root, M.B.A.*

Simon DonorsKarin L. Carey, M.B.A.Brendan C. Casey, M.B.A.*Lee A. De Amicis, M.B.A.Catherine O’Malley Flanagan,

M.B.A.John W. Gatsios, M.B.A.Brian H. Johnston, M.B.A.William P. Locke, M.B.A.

Karin C. Manning, M.B.A.Rick J. Rabideau, M.B.A.Ernest W. Sax, M.B.A.*Walter F. Wafl er, M.B.A.Katrina A. Bruchak Zalatan,

M.B.A.*

Class of 1993Simon ExecutivesEduardo Centola, M.B.A.

Simon PartnersDavid M. Khani, M.B.A.Timothy W. McHugh, M.B.A.Christopher D. Weiler, M.B.A.

Simon FellowsRichard A. James, M.B.A.William A. Schmitz, M.S.David C. Uhazie, M.B.A.

Simon AssociatesElizabeth A. Cesarano, M.B.A.Robert M. Freeman, M.B.A.Susan E. Rossetti, M.B.A.Timothy J. Shanahan, M.B.A.

Simon Hundred ClubCadmus K. Aholu, M.B.A.Nancy R. Horn, M.B.A.*Juliana C. Janson, M.B.A.Michael A. McCourt, M.B.A.James R. McNeil, M.B.A.Steven E. Meus, M.B.A.Stephen F. Meyer, M.B.A.*Heather Kitzman Pawlowski,

M.B.A.Robert W. Reardon, M.B.A.Laura J. Reitter, M.B.A.Todd Rubiano, M.B.A.Charles A. Smith, M.B.A.Bhaskar R. Venepalli, M.B.A.Richard T. Wahl, M.B.A.Henry W. Yabroudy, M.B.A.

Simon DonorsDavid Asermily, M.B.A.Ronald A. Bittner, M.B.A.Joseph G. Eckl, M.B.A.Thomas J. Grant, M.B.A.*N. Ricky Gray, M.B.A.Katherine S. Kressmann-

Kehoe, M.B.A.David A. Lyons, M.B.A.Stuart W. Marsh, M.B.A.Marino Mazzeo, M.B.A.Susan M. Peguero Melville,

M.B.A.Fred Muhleman, M.B.A.*Robert T. Murphy, M.B.A.Virginia S. Potter, M.B.A.*Yvette Auger Valicenti, M.B.A.Jen L. Weaver, M.B.A.

Class of 1994Simon PartnersJames M. Molloy, M.B.A.Lisa A. Myers, M.B.A.

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Simon FellowsMark S. Greenstein, M.B.A.Lori B. Lewis, M.B.A.Maura T. Bednar Parda, M.B.A.Vineet N. Suchanti, M.B.A.DeWayne R. Wilcher, M.B.A.

Simon AssociatesShaun G. Buckley, M.B.A.Robert J. Hutchison, M.S.Jerry P. Reddy, M.B.A.

Simon Hundred ClubJohn K. Babcock, M.B.A.Scott S. Biggar, M.B.A.Alan D. Dobbins, M.B.A.Eileen F. Walsh Dufty, M.B.A.Michael J. Fagnant, M.B.A.Michael J. Knapp, M.B.A.Edouard E. Langlois, M.B.A.*Joseph Levy, M.B.A.*Lee J. Macleod, M.B.A.Scott I. St. John, M.B.A.Paul Turpin, M.B.A.

Simon DonorsEric A. Bessette, M.B.A.James A. Black, M.B.A.Donald A. Brydges, M.B.A.Rosemary J. Chengson, M.B.A.Jeffrey J. Clark, M.B.A.Seth C. Diamond, M.B.A.Jeremy P. Hawk, M.B.A.Joseph Kurzweil, M.B.A.Timothy Mack, M.B.A.*Scott P. McKay, M.B.A.Nancy Emery Neamtu, M.B.A.Rajiv Saxena, M.S., Ph.D.Philip W. Simplicio, M.B.A.Sandra N. Thompson, M.B.A.*Gregory J. Vangellow, M.B.A.David S. Weaver, M.B.A.Jon H. Wendt, M.B.A.

Class of 1995Simon ExecutivesMichael Stone, M.B.A.*

Simon SocietyEdward G. Mitzen, M.B.A.

Simon PartnersSusan E. Topel-Samek, M.B.A.*

Simon FellowsStephen G. Down, M.B.A.John J. Kapitan, M.B.A.Lisa Danelutti Kapitan, M.B.A.

Simon AssociatesMark DiFelice, M.B.A.Dennis J. Januchowski, M.B.A.Carlos Rodriguez, M.B.A.Pieter H. Smit, M.B.A.Edward H. Stansfi eld, M.B.A.Nikolaos Veraros, M.B.A.Paul Wilkens, M.B.A.*Dennis A. Wilmot, M.B.A.Marcio A. Zanetti, M.B.A.

Simon Hundred ClubRachel Adonis, M.B.A.*Christopher W. Baker, M.S.Jeffrey E. Blackey, M.B.A.David L. Cohen, M.B.A.Sharon Devita, M.B.A.*Dorothy B. Hunter Gordon,

M.B.A.J. Russell Griffee, M.B.A.Julie A. Forth Gutch, M.B.A.Stephen K. Gutch, M.B.A.Robert W. Jones, M.B.A.John A. Kelly, M.B.A.Laura J. King, M.B.A.*Jacquelyn Marchand, M.B.A.Frank B. Monachelli, M.B.A.Hiroyuki Oi, M.B.A.Koichi Otsu, M.B.A.Jose M. Perez, M.B.A.Anthony J. Sciarabba, M.B.A.Roger L. Smith, M.B.A.Andrew N. Sveen, M.B.A.Katherine Gall Sveen, M.B.A.Brett L. Trainor, M.B.A.Danhui Wang, M.B.A.Christopher Weiler, M.B.A.Dennis E. Whitney, M.B.A.Selim A. Yahia, M.B.A.

Simon DonorsRuben Blancovich, M.B.A.Brenda J. Blejwas, M.B.A.Merle N. Drake, M.B.A.*Phillip B. Hayden, M.B.A.Steven A. Skewes, M.B.A.John Witzel, M.B.A.*Kenneth J. Zablotny, M.B.A.*

Class of 1996Simon SocietyDavid S. Perkins, M.B.A.†

Simon PartnersRoger A. Stamm, M.B.A.

Simon FellowsMichael Folkerts, M.B.A.Peter M. Palermo III, M.B.A.*Thomas L. Styles, M.B.A.

Simon AssociatesPeter W. Alpern, M.B.A.Garfi eld M. Duncan, M.B.A.Hendrik Jauer, M.B.A.Hans-Peter Obrist, M.B.A.*Paul D. Woolf, M.B.A.*

Simon Hundred ClubDaniel J. Enright, M.B.A.Jennifer C. Henry, M.B.A.James Joy, M.S.Daniel B. Morchower, M.B.A.Ronald B. Ransom, M.B.A.*Daniel S. Richter, M.B.A.Tuck Shum, M.B.A.*Diana C. Smith-Walsh, M.B.A.*Ken Sugisaki, M.B.A.Claire Z. Van Arsdale, M.B.A.Mark D. Yamrick, M.B.A.*

Simon DonorsSriram Balakrishnan, M.B.A.Oba N. Franco, M.B.A.Brian S. Hagues, M.B.A.David A. Halladay, M.B.A.Kevin D. Lance, M.B.A.Nathan H. Martin, M.B.A.*Oscar X. Pozo, M.B.A.Richard F. Spitzer Jr., M.B.A.*Debabrata Talukdar, M.S., Ph.D.Jonathan D. Wagner, M.B.A.Dawn M. Williams-Fuller,

M.B.A.

Class of 1997Simon LeadersJulie L. Schultheiss Buehler,

M.B.A.Stephen C. Mortimer, M.B.A.

Simon PartnersMichael A. Orr, M.B.A.

Simon FellowsJohn H. Schultz, M.B.A.

Simon AssociatesChristian A. Andreach, M.B.A.Matthew S. Bailey, M.B.A.Jason R. Bribitzer-Stull, M.B.A.Jacquelyn W. Browne Duncan,

M.B.A.Christina A. Dutch, M.B.A.Jangkoo Kang, M.S., Ph.D.Scott A. Reese, M.B.A.*Alex Tan, M.B.A.Susie Truesdell, M.B.A.*

Simon Hundred ClubDavid D. Akers, M.B.A.Michael O. Baldauf, M.B.A.Gary E. Bischoping Jr., M.B.A.Mariola Beresniewicz

Kopcinski, M.B.A.

Michael C. Maxwell, M.B.A.Stephen B. Miller, M.B.A.Nancy T. O’Brien, M.B.A.Markus Portmann, M.B.A.*John D. Ten Hagen Jr., M.B.A.Ian H. Turvill, M.B.A.Andrew M. Williams, M.B.A.Anne M. Hunt Zybowski, M.B.A.

Simon DonorsTeresa C. Blake, M.B.A.Michael J. Dellapina, M.B.A.Paul Fricano, M.B.A.*Stephen C. Lemmer, M.B.A.Gail Esther Pollack Pogal,

M.B.A.*Vicki P. Redman, M.B.A.Sergey V. Rosolovsky, M.B.A.Eric Shell, M.B.A.*

Smita Singh, M.B.A.Charles N. Stewart, M.B.A.*Theresa A. Stockdale, M.B.A.Robert W. Wensley, M.B.A.

Class of 1998Simon PartnersRobert W. Diaz, M.B.A.Carlos A. Urquiaga, M.B.A.Tracy M. Urquiaga, M.B.A.

Simon FellowsDaniel N. Chai, M.B.A.Shrilaxmi S. Satyanarayana,

M.B.A.

Simon AssociatesXingwei Bao, M.B.A.Glenn I. Butler Jr., M.B.A.Anthony N. Cappetta, M.B.A.William R. Doolittle, M.B.A.Adam J. Fleischhacker, M.B.A.Joel J. Levesque, M.B.A.Alexei Moisseev, M.B.A.

Debra L. Palmer, M.B.A.*Askar S. Smagulov, M.B.A.James D. St. John, M.B.A.James C. Stevens, M.B.A.Laura Whitby, M.B.A.*

Simon Hundred ClubPelin Aylangan, M.B.A.James B. Boffardi, M.B.A.Martin S. Canning, M.B.A.*Michael K. Chan, M.B.A.Christina E. Chew, M.B.A.Stephen A. Colby, M.B.A.*Matthew C. Day, M.B.A.Neil A. D’Cruz, M.B.A.Jennifer S. Ansel Lafazan,

M.B.A.Luigi B. Limentani, M.B.A.Brian W. McAuliffe, M.B.A.

Marcus Perry, M.B.A.Karen R. Purzitsky, M.B.A.Alessandra B. Sanchez, M.B.A.Boriana S. Schaeublin, M.B.A.Daniel Schaeublin, M.B.A.Jason M. Sherron, M.B.A.Rajesh K. Singh, M.B.A.

Simon DonorsEric H. Baller, M.B.A.Thomas P. Dooley, M.B.A.Steven T. Ekdahl, M.B.A.*J. Greg Hart, M.B.A.Barry R. Hutton, M.B.A.Paulette M. Kuehnert, M.B.A.Craig B. Lockwood, M.B.A.*Jacqueline Lora, M.B.A.*Kyle G. McClements, M.B.A.Leonard P. Picone, M.B.A.Jeanne Soderberg, M.B.A.Jack B. Swackhamer, M.B.A.Landon T. Wilson, M.B.A.*

Simon’s little dividends

* Executive M.B.A. graduate † Deceased

34 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

Class of 1999Simon ExecutivesSteven P. Brigham, M.B.A.*

Simon SocietyBrian Donaldson, M.B.A.*

Simon PartnersBurke Kennedy, M.B.A.Peter E. Wiederholt, M.B.A.Helen A. Zamboni, M.B.A.*

Simon FellowsLawrence S. Brennan, M.B.A.Barbara C. McIver, M.B.A.

Simon AssociatesHolly Clark Blanchard, M.B.A.John Heckman, M.B.A.Maureen A. Smith Heckman,

M.B.A.

Vijay Kant, M.B.A.Edward W. Larson, M.B.A.J. Michael Reed, M.B.A.Jeffery H. Sokol, M.B.A.*

Simon Hundred ClubJames Bragg, M.B.A.Eleanor G. Collinsworth, M.B.A.*John W. Dower II, M.B.A.Scott G. Gibbs, M.B.A.Noor U. Haq, M.B.A.Timothy I. Henkel, M.B.A.Robert J. Holzhauer, M.B.A.Suk-Ju Kang, M.B.A.Dara Lao, M.B.A.Maxime Lecoin, M.B.A.Louise McDonald, M.B.A.*

Carl Micu, M.B.A.*Michael T. Minor, M.B.A.Jill E. Zachman Mulcahy,

M.B.A.*Sanjay Pansari, M.B.A.James D. Putnam, M.B.A.John D. Quinzi, M.B.A.William J. Zeifang, M.B.A.

Simon DonorsPedro P. Cabral, M.B.A.James C. Christie, M.B.A.Bosiljko Colak, M.B.A.*Dan Curry, M.B.A.*Valerie R. Ford, M.B.A.Mark A. Gwaltney, M.B.A.W. Allen Harrison IV, M.B.A.George M. Iverson, M.B.A.*Kathleen E. Jacobs, M.B.A.Joseph F. Janinek, M.B.A.*

Steven M. Lalonde, M.B.A.Mark A. Lozina, M.B.A.Ann T. Melville, M.B.A.*Robert J. Mike, M.B.A.David L. Patton, M.B.A.Jeffrey Rubenstein, M.B.A.*Allan D. Shafer, M.B.A.*Steven M. Small, M.B.A.Douglas Staver, M.B.A.Andrew M. Strauch, M.B.A.*Ian C. Weissman, M.B.A.Michael P. Wiseman, M.B.A.

Class of 2000Simon PartnersVyacheslav Ivanov, M.B.A.Christopher C. O’Donnell,

M.B.A.

Colleen J. Wegman O’Donnell, M.B.A.

Ven Swaminathan, M.B.A.Deniz Tunca, M.B.A.Ipek Oktem Tunca, M.B.A.

Simon FellowsAntonio Caram-Neto, M.B.A.Robert S. Genter, M.B.A.Tracy M. Herbert, M.B.A.*Shalini Sahgal, M.B.A.Bart Schockaert, M.B.A.Stephen S. Suo, M.B.A.Bohdan Washchuk, M.B.A.

Simon AssociatesTimothy D. Attwood, M.B.A.Robert J. Cho, M.B.A.Mary-Beth A. Cooper, M.B.A.*Renato Guimaraes, M.B.A.Xiao-Lei Hou, M.B.A.Jacqueline R. Hawks Lyttle,

M.B.A.Nachiketa Mitra, M.B.A.Irina Netessina, M.B.A.Eduardo M. Pires, M.B.A.Dara A. Shareef, M.B.A.Darrell L. Suen, M.B.A.Masatomo Zaizen, M.B.A.

Simon Hundred ClubAndrew M. Campbell, M.B.A.James M. Croop, M.B.A.*Rafael S. De Paoli, M.B.A.Karen K. Wishau Hogan, M.B.A.Steven J. Holden, M.B.A.*Richard J. Inzunza, M.B.A.Hiroshi Komada, M.B.A.Bin Lang, M.B.A.Philip L. Lavrich, M.B.A.*Gregg A. Lederman, M.B.A.Joy A. Lockhart, M.B.A.John D. Major, M.B.A.Nancy A. Mueller, M.B.A.Elad Nafshi, M.B.A.Gerard C. Walter, M.B.A.*

Simon DonorsV. Daniel Barth, M.B.A.David C. Carr, M.B.A.Lakshmi V. Ganesan, M.B.A.Paula Halewski-Zarnick, M.B.A.*Jennifer Eileen Henion, M.B.A.Richard N. Klein, M.B.A.Anthony J. Pelosi, M.B.A.Heather M. James Pelosi, M.B.A.Christopher J. Regruit, M.B.A.Bryan A. Smith, M.B.A.

Class of 2001Simon PartnersPeter B. Shephard, M.B.A.Stanley H. Voudrie, M.B.A.

Simon FellowsMarina Chinn, M.B.A.Murali R. Ganti, M.B.A.Ebon W. Robinson, M.B.A.

Simon AssociatesJudith Grace Alexander-Wasley,

M.B.A.Philip J. Bartlett, M.B.A.Nikolaos Chryssochoidis, M.B.A.Serge Deteindre, M.B.A.*Bing Jing, M.S., Ph.D.Celina Anne Kennedy, M.B.A.Ranjit A. Khanolkar, M.B.A.Gaurav Kishore, M.S.Serguei Netessine, M.S., Ph.D.

Simon Hundred ClubMonica N. Andrade, M.B.A.*Donald E. Brandt, M.B.A.*Patricia A. Calkins-Martin,

M.B.A.*Peter Chang, M.B.A.Donna M. Covannon, M.B.A.*Pamela L. Erb, M.B.A.*Matthew S. Jaffe, M.B.A.Robert A. Kamins, M.B.A.Peter S. Kort, M.B.A.Patrick C. Krenzer, M.B.A.Jeffrey G. Mosca, M.B.A.Samuel R. Ogie, M.B.A.James M. Powell, M.B.A.

Simon DonorsTheresa M. Baker, M.B.A.Dennis Lee, M.B.A.Paul C. Lincoln, M.B.A.Elfi A. Martinez, M.B.A.Jeffrey S. Meteyer, M.B.A.*George R. Robertson Jr., M.B.A.Jeannine A. Rossignol, M.B.A.Geoffrey J. Scott, M.B.A.

Class of 2002Simon PartnersPeter J. Opdam, M.B.A.

Simon FellowsJeffrey J. Berardi, M.B.A.Ryan J. Hwang, M.B.A.Douglas J. Witter, Esq., M.B.A.

Simon AssociatesPaul Arni, M.B.A.*Thilo H. Bayrhoffer, M.B.A.Alain Bill, M.B.A.*Kevin A. Claypoole, M.B.A.Scott M. Detraglia, M.B.A.Gary Meeks, M.B.A.*Carlos A. Sanchez, M.B.A.

Simon Hundred ClubPatrick J. Bachmann, M.B.A.Richard A. Gammons, M.B.A.*Ariel Sergio Goekmen, M.B.A.*Andrew R. Hurysz, M.B.A.Darius M. Koenig, M.B.A.Brian B. Lane, M.B.A.Pablo A. Mastandrea, M.B.A.Sarah E. Ryan, M.B.A.Adam M. Waldman, M.B.A.Philip A. Wong, M.B.A.

Simon DonorsMary Bartlett, M.B.A.*James L. Canessa, M.B.A.Anirudh Chowdhry, M.B.A., M.S.Kent J. Evans, M.B.A.*Miguel A. Figueroa, M.B.A.Keng Goh, M.B.A.Kimberly Noel Hocknell, M.B.A.Frederik W. Lehmann, M.B.A.Christopher Liucci, M.B.A.*Stephen Parsons, M.B.A.*Amy B. Pasley, M.B.A.Erik Pennings, M.B.A.*Robert D. Perrilleon, M.B.A.Danah Eve Smoger Rios, M.B.A.Sandra Rowland, M.B.A.*Steven Sandidge, M.B.A.Todd M. Sazenski, M.B.A.Kristin Ann Short, M.B.A.Christopher C. Sloan, M.B.A.Mark K. Tyson, M.B.A.Megan Rae Volhejn, M.B.A.

Class of 2003Simon FellowsMichael C. Curtis, M.B.A.

Simon AssociatesDavid M. Barnett, M.B.A.Josh Z. Goldberg, M.B.A.Christopher J. Herrmann, M.B.A.Heather A. Holder, M.B.A.Todd J. Holder, M.B.A.Caroline Minsavage, M.B.A.Sean R. Murtagh, M.B.A.Yasuo Shimokura, M.B.A.Dirk Stoltenberg, M.B.A.*Lycourgos Tsirakis, M.B.A.

Simon Hundred ClubJorge A. Carrion, M.B.A.Cindy L. Casper, M.B.A.*Jose Chan, M.B.A.Briam Gilliard, M.B.A.Jonathan R. Hagen, M.B.A.Melanie Arlene Huet, M.B.A.Kimberly A. Jamieson, M.B.A.Jai Yong Kye, M.B.A.Edward A. Mills, M.B.A.Carl Nielsen, M.B.A.*Terrence O’Grady, M.B.A.*Ashok Sarathy, M.B.A.Alexsandra Sukhoy, M.B.A.Antoine Uwimana, M.B.A.Robert Ylagan, M.B.A.

Simon DonorsJimmy M. Benzaquen, M.B.A.Michael A. Collins, M.B.A.Jose Diaz, M.B.A.*Gaixkander Elguezabal, M.B.A.Ivanka Gajecky, M.B.A.Paul J. Hurley, M.B.A.Susan L. Jones, M.B.A.Jim R. Niederst, M.B.A.Louis M. Orsini, M.B.A.*Anthony T. Ricci, M.B.A.Jason Rice, M.B.A.

A lighthearted moment at Commencement.

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Ilya Shekhter, M.B.A.Cynthia Sherwood, M.B.A.Alberto Q. Uy, M.B.A.*William R. Waterhouse, M.B.A.

Class of 2004Simon SocietyDebra S. Maddow, M.B.A.

Simon FellowsPaul Cilliers, M.B.A.Jacqueline Spaulding, M.B.A.Kenneth J. Weliczka, M.B.A.Fiona Wai Yin Wong, M.B.A.

Simon AssociatesEric Born, M.B.A.*Gregory J. Butera, M.B.A.Michael Camarella, M.B.A.Tania Genel, M.B.A.Chris Gudmastad, M.B.A.Gang Ji, M.B.A.Nicholas S. Kelly, M.B.A.Nataliya Kochurova, M.B.A.Haikuan Lu, M.B.A.Michelle F. Mattick, M.B.A.*Karen Rose Sweet, M.B.A.Wei-Hsun Yen, M.B.A.Tzachi Zach, M.S., Ph.D.

Simon Hundred ClubAndrew A. Adachi, M.B.A.Giuseppe Arpino, M.B.A.Douglas J. Austin, M.B.A.Steven Baiocchi, M.B.A.*David Crotty, M.B.A.John Currie, M.B.A.Gabriela Gutierrez, M.B.A.Federico Kalnicki, M.B.A.Kevin Kepner, M.B.A.*Suzanne M. Ley, M.B.A.Lee McNeer, M.B.A.Eun-Young Min, M.B.A.Maurice Raichelson, M.B.A.Charles Robertson, M.B.A.Jeffrey D. Scheer, M.B.A.Kevin Sheldon, M.B.A.Janice Hohl Svec, M.B.A.Tock Siong Tan, M.B.A.Robert P. Trimaldi Jr., M.B.A.James Tsantes, M.B.A.Ivy Wan, M.B.A.Yichao A. Yu, M.B.A.

Simon DonorsCharles A. Brooker, M.B.A.James P. Carpenter, M.B.A.David DiSanto, M.B.A.David R. Flinton, M.B.A.Cesar Garcia-Brena, M.B.A.Daniel M. Gill, M.B.A.Thurein Htoo, M.B.A.Stephanie Michelle Krebs,

M.B.A.Sharon Markowitz, M.B.A.Shaheen G. Paydar, M.B.A.Monica Eve Ryszytiwskyj,

M.B.A.

Jon C. Scahill, M.B.A.Christopher R. Seitz, M.B.A.

Class of 2005Simon LeadersTimothy P. Wilmot, M.B.A.

Simon FellowsCory B. Fasold, M.B.A.Kazutaka Maeda, M.B.A.Lyndie Beth Siff, M.B.A.Mercedes Isabel Falcon

Urdaneta, M.B.A.

Simon AssociatesMario Luna Arroyo, M.B.A.Adam B. Frisicaro, M.B.A.Maxwell D. Jeane Jr., M.B.A.Anuka Sara Kakkasseril, M.B.A.Philipp Merkt, M.B.A.*Ning Muk, M.B.A.Cameron Oskvig, M.B.A.Demetrios Siountris, M.B.A.Jefferson S. Svengsouk,

M.B.A.Seiichiro Takahashi, M.B.A.Patrick J. Tehan, M.B.A.Joshua C. Wood, M.B.A.

Simon Hundred ClubChristopher A. Antola, M.B.A.Kwabena Appiah, M.B.A.Christopher B. Berger, M.B.A.Jeffrey A. Case, M.B.A.Jerrold A. Cline, M.B.A.Steven R. Crain, M.S.Mihir S. Desai, M.B.A.Yuchiro Hara, M.B.A.Ryan W. Kaiser, M.B.A.Jonathan C. Kalmanoff, M.B.A.Rameet S. Kohli, M.B.A.Sundy Krishnamurthy, M.B.A.Daniel Lander, M.B.A.Anjiang Liu, M.B.A.Shaun B. Mallen, M.B.A.Raquel Marquez, M.B.A.Sean R. Martell, M.B.A.David C. Mruk, M.B.A.Hirohito Namiki, M.B.A.Jeffrey A. Oakleaf, M.B.A.Kit T. Quach, M.B.A.Amulya Nagalla Rao, M.B.A.Monil S. Shah, M.B.A.Charles R. Smith, M.B.A.Aaron L. Wagner, M.B.A.

Simon DonorsJing Chen, M.B.A.Kim Chou, M.B.A.Brendon S. Crossing, M.B.A.Steven M. Groves, M.B.A.Daniel J. Keating, M.B.A.*B. Johanna Berta Maria

Nighbert, M.B.A.Lucia Perez, M.B.A.*Timothy P. Santo, M.B.A.Dominic A. Seiterle, M.B.A.

Azara Usman Turaki, M.B.A.Andrej P. Zalar, M.B.A.

Class of 2006Simon LeadersZiad M. Chalhoub, M.B.A.

Simon PartnersOmar Mahmoud Abou-Steit,

M.B.A.Joy Oluwatosin Ola. Akinyemi,

M.B.A.Danielle Nicole Beyer, M.B.A.Ross M. Briggs, M.B.A.Zhanglan Cheng, M.B.A.Terence A. Cheung, M.B.A.Daryl C. Dulong, M.B.A.James J. Herman, M.B.A.Matthew D. Hilbert, M.B.A.Rachael Molly Holtzberg, M.B.A.Anik P. Jain, M.B.A.Eric F. Kubica, M.B.A.Adam S. Kupperman, M.B.A.Jeremy Marshall, M.B.A.Vikrant Mathur, M.S.Matthew J. Moramarco, M.B.A.Alexei Okounev, M.B.A.Rajesh Venugopal, M.B.A.

Simon FellowsYuliya M. Akselrod, M.B.A.Kuan-Ju Chen, M.B.A.Irma Bribiesca Fonse, M.B.A.Mihaela Giurca, M.B.A.Jeffrey Luchetti, M.B.A.Ana M. Macia, M.B.A.*†Daniel J. Marangola, M.B.A.Anshuli Mathur, M.B.A.Elizabeth Kaye Perkins, M.B.A.Neil K. Rekhi, M.B.A.Bhagat S. Sabharwal, M.B.A.Duane M. Todd, M.B.A.Meredith Samantha Wilf, M.B.A.

Simon AssociatesBoyko D. Botev, M.B.A.Annette Marie Brenner, M.B.A.Christopher W. Byrne, M.B.A.*Nicholas C. Calcagno, M.B.A.Somendu Chakraborty, M.B.A.Lara Jean Chamberlain, M.B.A.Shiou-Fan Lucie Chen, M.B.A.Mauricio Goulart Da Cunha,

M.B.A.Alice Ayaka Iida, M.B.A.Cassandra Lee Kustyanto,

M.B.A.Ai-Chin Lin, M.B.A.Eugene M. O’Brien, M.B.A.Sergio Peirano, M.S.Marianne M. Ryan, M.B.A.*Carlos Federico Pena Sahdala,

M.B.A.Robert K. Syme, M.B.A.*Monica H. Trevett, M.B.A.*Daisuke Wakura, M.B.A.Martin O. Wodi, M.B.A.Yu-Ping Wu, M.B.A.

Simon Hundred ClubKenneth B. Anderson, M.B.A.*George D. Braddon III, M.B.A.*Sean W. Flaherty, M.B.A.*Feng Ge, M.B.A.Hassan B. Javaid, M.B.A.Rufus M. Judson, M.B.A.*Prashant V. Kamath, M.B.A.Christopher J. Karpenko,

M.B.A.*Yijun Pan, M.B.A.Ragni Panjala, M.B.A.*Charletta A. Roberts, M.B.A.*Jamie Frances Sen, M.B.A.Kenji Shundo, M.B.A.Joseph S. Williams, M.B.A.*Shanzhong Yuan, M.B.A.*Wen Biao Zeng, M.B.A.

Simon DonorsLee J. Albert, M.B.A.*Lisa B. Altman, M.B.A.*Christopher M. Cannucciari,

M.B.A.Timothy D. Elder, M.B.A.Jessica R. Foster, M.B.A.*Calvin A. Frelier, M.B.A.*Thomas W. Kellerhouse, M.S.Patrick K. Murphy, M.B.A.Alan J. Randt, M.B.A.Brett W. Rawlings, M.B.A.Matthew A. Ray, M.B.A.Jamie Frances Block Sen,

M.B.A.Michael A. Tullio, M.B.A.Charles W. Whitt, M.B.A.*Montique V. Williams, M.B.A.Tao Zhang, M.B.A.

Class of 2007Simon PartnersChristine Barnes, M.B.A.Adam S. Bates, M.B.A.Daniel E. Camenga, M.B.A.*Andrew C. Chang, M.B.A.Kimberly S. Dickason, M.B.A.*John A. Gillette Jr., M.B.A.*David A. Mueller, M.B.A.*James N. Osborn, M.B.A.Shelli Diane Ulrich, M.B.A.

Simon FellowsCarlos F. Alonzo, M.B.A.*Tamu A. Brown-Hutchinson,

M.B.A.*Amy von Gehlen, M.B.A.*Athena Kasvikis, M.B.A.Adwitiya K. Mal, M.B.A.Ulviyya Mammadyarova, M.B.A.Christina A. Marshall, M.B.A.*Robert McFarlin, M.B.A.*Daniel O’Connor, M.B.A.*Charles P. Schlegel, M.B.A.*David A. Thiel, M.B.A.*Matthew T. Warnke, M.B.A.

Simon AssociatesYa-Ju Cheng, M.B.A.Steven A. Cody, M.B.A.Matthew Dankner, M.B.A.Irene K. Doktor, M.B.A.*Anne Kristen Fitzpatrick, M.B.A.Alen Kreso, M.B.A.Scott Silence, M.B.A.*Karl D. Weisenbeck, M.B.A.*

Simon Hundred ClubRichard Baliva, M.B.A.*Bryan Burdick, M.B.A.*Andrew Caffrey, M.B.A.*Bryan Carrigan, M.B.A.*Lorena Ferrero Delancey,

M.B.A.*Brendan Donnelly, M.B.A.*Elizabeth D. Graves, M.B.A.*Louis (Chip) Maslow II,

M.B.A.*Ryan I. Reynolds, M.B.A.*John A. Rocco, M.B.A.*Samrat Saran, M.B.A.Kevin T. Saunders, M.B.A.*Rita S. Singhal, M.B.A.*Eric G. Yax, M.B.A.*

Matching Gift CorporationsAetna Foundation Inc.Agilent Technologies Inc.AK Steel FoundationAkzo America Inc.AMBAC Inc.American International Group

Inc.Amgen Inc.Automatic Data Processing Inc.Bank of AmericaBank of New YorkThe Bank of Tokyo—MitsubishiBarclays Capital (Barclays

Bank P.L.C.)Baxter International FoundationBiogen IdecThe Boeing Co.Cadence Design Systems Inc.Capital Group Co.ChevronTexacoChicago Tribune CharitiesCIGNA Foundation/CIGNA

CorporationClark Construction Group L.L.C.Coca-Cola Enterprises Bottling

Co.Colgate-Palmolive Co.ConAgra Foundation, CC-303Corning Inc.Deloitte & Touche USA L.L.P.The Dow Chemical CompanyeFundsEisai Inc.Ernst & Young FoundationExxonMobil FoundationFederated Department Stores

* Executive M.B.A. graduate † Deceased

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Fidelity Charitable Gift FundGeneral Electric CompanyGenesee & Wyoming Inc.Gleason FoundationHarris FoundationHSBC North AmericaI.B.M. CorporationIntel CorporationJ. P. Morgan Chase BankJohnson & JohnsonKey FoundationKPMG FoundationLexmark International Inc.Lincoln Financial Group

FoundationLiz Claiborne FoundationLockheed Martin CorporationMarsh & McLennan Companies

Inc.Mattel Children’s FoundationMBIA Inc.McKesson FoundationMedtronic Inc.Merck & Co. Inc.Merrill Lynch & Company Inc.MetLifeMicrosoft CorporationThe Moody’s FoundationMorgan StanleyNational GridNielsen Media ResearchNYSE/New York Stock

Exchange Foundation Inc.Open Society Institute (O.S.I.)OppenheimerFundsPactiv CorporationPfi zer Corporation, Inc.Phoenix Home Life MutualPricewaterhouseCoopers L.L.P.The Procter & Gamble

CompanyQualcomm IncorporatedRaytheon CompanyREALCOSaint-Gobain Corp. FoundationScience Applications

International CorporationSprint FoundationSquare D CompanySunGard BSR Inc.UBS FoundationUnileverUnited Technologies

CorporationThe UPS Foundation Inc./

United Parcel ServiceVerizonWachovia FoundationThe Walt Disney Company

FoundationWashington MutualWellington Management

Company L.L.P.Wells Fargo and CompanyWells Fargo Community

Support

West LB Administration Inc.The Xerox Foundation/Xerox

Corp.

Corporate and Foundation SupportAccenture Foundation Inc.John W. and Colleen

M. Anderson Family Foundation

Ayco Charitable FoundationBroadstone Real Estate L.L.C.The Central New York

Community FoundationFidelity Charitable Gift FundChina Centric AssociatesCitigroup FoundationCitizens Financial GroupCommunity Foundation/Greater

GreensboroConsortium for Graduate Study

in ManagementCooperVision Inc.The DeRose Family FoundationEastman Kodak CompanyElement K Delaware Inc.Farash CorporationFidelity FoundationFlorescue Family FoundationForensic Economics Inc.Friedlander Family FoundationGleason FoundationGrage Enterprises Inc.Hajim Family FoundationHeineken USAThe Heuer Family FoundationHoneywell Inc.HyjeaIPA Charities Inc.J. C. Jones & Associates L.L.C.Jewish Community FoundationJohnson & JohnsonEwing M. Kauffman FoundationMedco Health SolutionsMicrosoft CorporationNational Philanthropic TrustQ3 Stamped Metal Inc.Rochester Area Community

FoundationRochester Gas & Electric

CorporationMichael S. Rosen FoundationR. W. Dake and Co. Inc.RYMAC Enterprises Inc.Siebert Brandford Shank & Co.

L.L.C.Silicon Valley Community

FoundationWilliam E. Simon FoundationSocrates FoundationUnited Way of Greater RochesterWells Fargo Community

SupportThe Xerox Foundation/Xerox

Corp.

Commencement 2007

Francis L. Price, B.A. ’74, M.B.A. ’75 (center), president and C.E.O. of Interact Performance Systems Inc. of Anaheim, Calif., and president and C.E.O. of Q3 Industries Inc. of Columbus, Ohio, was presented with the David T. Kearns Medal of Distinction. Kearns (at right), the former chair-man and C.E.O. of Xerox Corporation, attended and presented the medal, which recognizes “signifi cant achievement in business, public service and education.” Associate Dean Hollis S. Budd (at left) introduced Price and Kearns at the ceremony. (See page 44 for more on Price.)

Simon Class of 2007 Statistics

174 Graduates of the full-time and part-time M.B.A. Programs (127 full time and 47 part time)

36 Graduates of the Executive M.B.A. Program

61 Graduates who received the M.S. degree in Business Administration

8 Graduates who were awarded the Ph.D. in Business Administration

27 Graduates of the Simon School’s Executive M.B.A. Program in Bern, Switzerland

Robert J. Keegan ’72 (at left), chairman of the board, C.E.O. and presi-dent of The Goodyear Tire & Rubber Company, delivered the Com-mencement address and received the Distinguished Alumnus Award from Dean Mark Zupan.

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S C H O L A R S H II PP

L E A D E R S H II P

R E S E A R CC H

L E A R NN I N G Unparalleled Education

www.rochester.edu/annualfunds (800) 598-1330

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Andrew J. Thomas ’91, former president and C.E.O. of Heineken USA, delivers the keynote address that kicked off the All-Simon Alumni Reunion during Meliora Weekend on October 19, 2007.

Heather and David Harris, both Class of 1992, attend the Simon Reunion Dinner on October 20, 2007.

(Pictured from left): Kristine Lemke ’88, Ebrahim Busheri ’88, Jeremy Seligman

’84, Sarah Plasky-Sachdev ’99* and Patricia Phillips, executive director of career management during the Simon Alumni Council meeting on October 20, 2007. Plasky-Sachdev is co-chair of the Alumni Council with Tim Smith ’88 (not pictured).

Special thanks to Pam and Kevin Collins, both Class of 1982, co-chairs of the All-Simon Alumni Reunion.

AlumniNews

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*Executive M.B.A. graduate

Maurice Raichelson ’04 (at left) talks with Greg MacDonald, executive director of M.B.A. admissions and administration, during the Simon Alumni Breakfast on October 20, 2007.

(From left): Megan Greenfi eld ’08,* Mark Mitschow, Gabrielle Bedewi ’08* and Saad Alam ’08, presi-dent of the Graduate Business Council, share some wine and conversation during the Simon Reunion Dinner on October 20, 2007.

(From left): Gregg Lederman ’00, Angelo Ponticello ’97 and Peter Palermo III ’96* discuss strategy at the Alumni Council working group.

Rajiv Dewan, ’84 M.B.A., ’87 Ph.D. (at left), faculty director of graduate programs and chairman of the Ph.D. Program, catches up with José Chan ’03 during the Reunion Dinner.

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Dean’s Corner

One of my favorite books of all time is the national bestseller Good to Great, by Jim Collins. Those of you who have read it will be pleased to know our administrative staff recently uncovered our hedgehog—personalization.

For those who haven’t yet read the book (and I highly recommend it), Collins likens the hedgehog to that quality an organization has that can’t be bested in the market. Like the hedgehog, who can curl into a tight, spiky ball when it’s assailed, an organization can build on its unique quality to fend off competition.

In previous years, during our strategic planning process, we had already identifi ed our three comparative advantages: Our small size, the strong reputation of our faculty and our analytic, economics-based approach to scholarship and teaching. But one day, Patty Phillips, our executive director of career management, asked, “What is it that we do best? What exactly is our hedgehog?”

So, we convened a brain-storming session with a group of key administrators, and we worked through Collins’s Hedgehog Concept: Finding what your organization is deeply passionate about, what it can do better than anyone else in the world and what drives its economic engine. If the answers to these three questions are envisioned as intersecting circles, then the area in which they overlap is

where the hedgehog resides.We discovered that, as the

smallest of the top tier of graduate business schools, we are in a unique position to give each of our students the best and most personalized educational experience. From admissions through coursework through job placement, com-mencement and beyond, our faculty and staff are able to connect one on one with our students and alums.

And, again because of our size, we can enhance our ability to attract and retain world-class faculty by fi nding ways to personalize their experience here.

We are now actively de vel-oping ways to nurture our hedgehog, making exceptional personalization the hallmark of the Simon School experience. Our team is examining ways to offer more interaction with students, such as fostering student/alumni relationships from pre-admission through the placement process to make those connections meaningful to both groups and to build a greater sense of community for all of us at Simon.

The more we explore it, the more pleased we are with our hedgehog. Does Simon’s personalization resonate with you? Do you have any ideas on ways we can make our hedgehog stronger? Please e-mail me at [email protected] with your thoughts, or call me at (585) 275-3316. We welcome your input on the subject.

Mark ZupanDean

For the most up-to-date list of Simon alumni events taking place

around the globe, visit www.simon.rochester.edu/alumni/events.aspx.

For information about alumni networks, visit their Web pages at

www.simon.rochester.edu/alumni/regional_clubs.aspx.

If you have additional questions about events or networks, call the

Offi ce of Alumni Relations and Development at (585) 275-7563.

Regional Events and Alumni Networks

Share Your News!To submit a class note, send an e-mail to the Alumni Relations and

Development Offi ce in care of Kate Gruschow at kate.gruschow@

simon.rochester.edu or to your class correspondent:

Class of 1982: Sameer Shah, [email protected]

Class of 1988: Jeff Durbin, [email protected]

Class of 1992: Eric Suitos, esuitos@infi online.net

Class of 1994: Andrew Marein, [email protected] tgroup.com

Class of 1999: Sarah Plasky-Sachdev,* [email protected]

Class of 2002: Douglas J. Witter, [email protected]

Class of 2004: Karen Sweet, [email protected] eld.com

Class of 2005: Rameet Kohli, [email protected]

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Alumni Gatherings

Tokyo—The Simon Alumni Network of Japan kickoff meeting was held on September 5, 2007, at Shinsei Bank in Tokyo. The event was attended by 30 people, including Simon alumni, two incoming students, and a special guest from Roches-ter. Jackie Thomas (fi rst row, fi fth from left) from the Admissions Offi ce talked about Simon and gave a quiz on the School, with winners receiving special Simon prizes.

Cleveland—A Strategic Planning event, hosted by Jeff Anderson ’79 on August 13, 2007.

(Pictured, from left, front row): Danielle Beyer ’06, Aaron Hartley ’09, William Weil Jr. ’89, Heather Lambert-Shemo ’02; (from left, top

row): Dan Gisser ’96, Alen Kreso ’07, Jeff Anderson ’79, Dean Mark Zupan, Tim Healy

’91 and Alex Sukhoy ’03.

New York City—The Simon Alumni Network of Greater New York City held its Annual Picnic for Simon alumni and guests on July 22, 2007, in Central Park. (Pictured, from left, front row): Song Gao ’07, two Columbia University alumni and Syarifa Galeb ’00; (from left, back row): Santiago Abuaf ’01, Mark Ventimiglia, Tim Garrabrant, Wayne France ’94, Kevin Howell ’05, Vincent Su ’07, Naomi Cohen ’05 and Tim Donovan ’03.

(Pictured, from left): A New York Business Schools Club alumna, Marya Savola ’99, Aaron Hou ’00 and Aaron’s wife, Monica Li.

*Executive M.B.A. graduate

1992Darren Elcock and his wife, Latisha, welcomed the arrival of their son, Zain Cato, on January 10, 2007. Zain joins sister, Adia Kali, 2. Darren works for the United States Postal Service in Washington, D.C. He and his family live in Annandale, Va.

2000Greg Hogan* married Amy Collins, B.A. ’96, on September 2, 2006, in Rochester, N.Y.,

where Greg is director of operations at Wilmorite Inc. Amy is assistant director of alumni relations at the University of Rochester and a part-time student at Simon. They will make their home in Rochester.

Yael Zemack-Rugar and her husband, Frederick, welcomed the arrival of their daughter, Hannah Esther, on July 20,

2007. Yael is an assistant professor of marketing at Virginia Tech in Blacksburg, Va.

2001 Marina Lyssenko Chinn and her husband, Brian, welcomed their daughter, Sophia, on September 26, 2006. Marina is

with ClearBridge Advisors in San Francisco, Calif.

Ebon Robinson and his wife, Lynn, welcomed the arrival of

their son, Gordon, on March 8, 2007. Ebon is a global planning manager at Chevron Global Downstream L.L.C.

2002 Amy Barmore married Timothy Pasley on September

22, 2006, in Fairport, N.Y. Amy is a store manager at Wegmans Food Markets

Mergers&Acquisitions

42 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

in Rochester; Tim is also employed by Wegmans. They live in Fairport.

Nicholas Calarco and his wife, Julie, welcomed the arrival of their daughter, Natalie Lynn, on January 8, 2006.

Natalie joins brother, Nicholas Jr. Nicholas is senior vice president and senior fi nance manager at Bank of America in Charlotte, N.C.

2003Mike Curtis and his wife, Sonia, welcomed their daughter, Essie Lynn, on February 8, 2007. Mike is manager of corporate planning at Transocean Inc. in Houston, Tex. He and his family live in Cypress, Tex.

Peter Nguyen and his wife, Grace He, welcomed the arrival of their daughter, Lilly, on February 28, 2007. Lilly joins sister, Jasmine. Peter is senior fi nance offi cer at New Jersey Economic Development Authority in Trenton, N.J. Grace is a fi nance manager at Kellogg Snacks. They live in Langhorne, Pa.

Robert Ylagan and his wife, Melinda, welcomed their son, Lance Theodore, on May 28, 2007. Lance joins siblings Renan, 6, and Elliot, 2. Robert is a commercial analyst with

ExxonMobil Exploration Company in Houston, Tex. He and his family live in The Woodlands, Tex.

2004 Christoph B. Egger Halbeis* (Bern) and his wife, Regula, welcomed the arrival of their son, Max Oscar, on June 28, 2007. Max joins brother, Felix. Christoph is clinical assistant professor at the Stanford University School of Medicine. He and his family live in Palo Alto, Calif.

Kevin Sheldon married Angie Swift on August 12, 2006, in Chantilly, Va. Kevin is principal manager, business planning,

at America Online in Dulles, Va. Angie is a teacher of mathematics at Westfi eld High School in Chantilly, Va. They live in Sterling, Va.

Karen Walker married Matthias Sweet on June 1, 2007, in Williamsburg, Va.

When Dana Mehnert decided to earn his

M.B.A., going part time was his only option. Working in international sales for Harris Corporation/RF Communications at the time, Mehnert wouldn’t have been able to complete his degree any other way.

“The program and the professors were very fl exible in accommodating my work demands,” Mehnert says. “They understood that I had a busy travel schedule and couldn’t complete the coursework straight through.” It took Mehnert four years to earn his degree by taking some quarters off, but he got through, thanks to a willingness on the part of the Simon faculty to accommodate him.

Mehnert began at Harris in 1984 as an electrical engineer in the management training program. His career grew steadily in the international sales and marketing arena, including a stint in Florida, until he was promoted to president of the Communications division in April of 2006.

Mehnert’s engineering background gave him the technical skills he needed, but he lacked the tools necessary for solid business analysis. “I needed to learn the fi nancial end of business,” he says, “and to better understand marketing opportunities and strategizing.

“I heard about the Simon School from the late Bill Stolze, one of the founders of Harris RF Communications

and a former Simon adjunct professor. Coupled with the part-time option for study, it was a natural fi t for my busy work and travel life,” he notes.

Mehnert appreciated the intelligence, knowledge and dry wit of two of his professors: Clifford Holderness (now at Boston College’s Carroll School of Management) and Ron Schmidt. “When you’re talking business, it really helps to inject some humor,” he says. “It’s hard to keep courses such as Finance and Statistics interesting. These guys knew how to breathe life into their

discussions, and I appreciated the effort made to keep those classes lively.”

Mehnert believes that with any program, you get out of it what you put into it. He especially values the analytical skills he gained at Simon, which he uses routinely to examine a range of business situations.

Mehnert is currently reading Guests of the Ayatollah by Mark Bowden, a book that looks at the political links between the Iranian hostages taken in 1979 and the 9/11 terrorism. SB

Alumni Leader Profi le Dana Mehnert ’91

U N I V E R S I T Y O F R O C H E S T E R | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | SimonBusiness | 43

Karen is general manager at Westfi eld Group in Long Island, N.Y. Matthias is a transportation planner with Cameron Engineering in Woodbury, N.Y. They live on Long Island.

2005José Luis Munoz Dominguez and his wife, Fernanda, welcomed the arrival of their daughter, Maria, on June 28,

2007. José is with Citibank in Mexico City.

Goncalo Souto married Margaret Donlon, M.D. ’06, on June 16, 2007, in Portugal. Goncalo is an analyst at Linden Advisors, a multi-strategy hedge fund

in New York City. Margie is a resident physician in physical medicine and rehabilitation at UMDNJ-Kessler. The couple honeymooned in Costa Rica.

2006 Lisa Altman* and her husband, Paul Knowlton, welcomed their fi rst child, Isaac Taylor, on February 15, 2007. Lisa is vice president of fi nance at Tech Rentals of America in Rochester, N.Y.

*Executive M.B.A. graduate

44 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

NotesClass

Ask Francis Price about life’s greatest gifts, and his response

is immediate and emphatic: Education!

Price credits his own education at the University of Rochester and Simon for landing his fi rst job, at Xerox Corporation—where, he says, his early opportunities there put him on the road to impressive successes in the business world. From Xerox, Price joined Interact Performance Systems Inc. in 1983 as president of the fl edgling organization, which now boasts more than 400 Fortune 1000 customers, including General Motors, Mazda and Hewlett-Packard. His exposure to automotive clients led to the acquisition and development of Q3 Industries Inc., where he currently serves as C.E.O.

Price is also chairman-elect of the board of the Population Reference Bureau

in Washington, D.C., and an honorary trustee of Garth Fagan Dance in Rochester, N.Y. At Simon’s 2007 Commencement, Price received the David T. Kearns Medal of Distinction, which recognizes signifi cant achievement in business, public service and education (see page 36).

Throughout his career, Price has been concerned that as the cost of higher education continues to climb, many students will be left out regardless of merit. For this reason, he is particularly dedicated to helping Simon provide opportunities to deserving African-American students and those from African cultures. “African-Americans are poorly represented in all measures of wealth and well-being,” he notes. “A Simon education is not a panacea, but it can be an antidote to this problem.”

To help provide such remedies, Price serves on the

University’s Board of Trustees and has been a generous donor to the School through the years. “I began with a small gift in the early 80’s and have continued to give,” Price says. He cur-rently contributes through a donor-advised fund.

Price feels that many students today lack perspective and the social responsibility of reaching back to pull others along. As Price built businesses near the inner cities of the Midwest, he observed that there are two kinds of dealers—drug dealers and jobs dealers—both of which make a lasting impact on the communities in which they operate. “It’s all too easy to misunderstand the purpose of wealth creation,” Price says. “What, how, when, and with whom are all important considerations in the wealth-building process. Fattening your own pocketbook without growing your community can be shortsighted.” SB

Alumni Leader Profi le Francis L. Price, B.A. ’74, M.B.A. ’75

1976Richard Leo* has been appointed to the position of vice president, services and solutions, for the Eastern sales operations at Xerox Corporation in Rochester, N.Y.

1978 H. Geoffrey Neale was named chief fi nancial offi cer and principal of Symmes Maini & McKee Associates in Cambridge, Mass.

1981William W. Wood has been named vice president for administrative and fi nancial services at Albright College in Reading, Pa.

1984 Jesse Grissom was promoted to vice president of fi nance at Kao Brands Company in Cincinnati, Ohio.

1988Katherine H. McDermott has been promoted to chief fi nancial offi cer at American Technology Corporation, a directed-sound products and solutions provider.

1989Efrain Rivera was promoted to senior vice president and chief fi nancial offi cer at Bausch & Lomb Inc. in Rochester, N.Y.

1990Debra Neiman has been selected to receive a Women to Watch Award for 2007. She is currently with Neiman & Associates Financial Services L.L.C. in Watertown, Mass.

Francis L. Price is pictured at Simon’s 2007 Commencement with his daughter, Ryann (at left) and his wife, Nita (at right).

1991 Matthew Wright accepted the position of vice chan-cellor for investments at Vanderbilt University in Nashville, Tenn.

1993 Phil Fraher is the recipient of the Distinguished Engi-neering Graduate of the Year from Auburn University. Phil is president and C.E.O. at Visual Numerics Corpora-tion in Houston, Tex.

David Khani was appointed director of research at Fried-man, Billings, Ramsey Group Inc. in Arlington, Va. He will lead the fi rm’s team of more than 100 equity and policy analysts.

1995Lars Yoder has been elected vice president and manager, front projection business unit, digital light processing products, at Texas Instru-ments in Plano, Tex.

1997 Glenn Jackling* was ap-pointed president and C.E.O. at Allen-Bailey Tag & Label Inc. in Caledonia, N.Y.

1999Eleanor Collinsworth* became a founding member of Carestream Health Inc. in Rochester, N.Y.

Robert Holzhauer was appointed chief medical offi cer for Univera Healthcare in Buffalo, N.Y.

2000 Thomas Peter* was promoted to director of

sRoland Caputo

initially learned about the Simon School,

then known as the Graduate School of Management, from a fi nance professor at SUNY Oneonta. “He thought I would benefi t from the quantitative and analytical focus of the curriculum,” Caputo says.

When he investigated further, Caputo found that the program also offered tangible, marketable skills that would help him in the workplace. His courses provided a solid basis in economic and fi nancial theory and its application, which has brought a disciplined, analytic approach to his business decisions.

Caputo is currently vice president and chief fi nancial offi cer of The New York Times Media Group, where he is responsible for all fi nancial functions at The New York Times, nytimes.com, WQXR radio and The International Herald Tribune. This includes activities such as forecasting, budgeting, fi nancial reporting, accounting, decision support, order-to-cash activities, goal-setting and metrics; he is also involved in strategy and policy development, and advises the president and general manager of The New York Times Media Group on a wide range of issues.

Although Caputo valued a number of his economics and fi nance professors at Simon, his favorite was Professor William Gavett. “He taught Operations Management and had a very dry sense of humor, which I appreciated

in the buttoned-up world of business school,” Caputo says. “I remember him encouraging us to assess a process using the ‘chimp method,’ where we would determine if a process compared favorably with how a chimp might accomplish it.”

Caputo particularly valued the high-quality faculty and small size of the Simon School. He felt it created a unique atmosphere conducive to a positive academic experience. “In my work, judgment, experience and team-building skills come into play in a big way,” Caputo says, “but good decisions are based on the solid

theoretical framework and rigorous analytic techniques I fi rst learned at Simon.”

Caputo spends most of his spare time with his wife and two children. “I love to ice skate and play hockey with the kids, plus I help out as a soccer and hockey coach,” he says. Caputo’s favorite summer haunt is Montauk, at the end of Long Island, where he can indulge his regular pursuits of working out, cooking, enjoying music and reading mysteries. He’s also recently taken up surfi ng with his son. SB

Alumni Leader Profi le Roland Caputo ’84

*Executive M.B.A. graduate

U N I V E R S I T Y O F R O C H E S T E R | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | SimonBusiness | 45

NotesClass

As one of eight managing partners at Wegelin & Co.,

the oldest private bank in Switzerland, Christian Hafner oversees business operations in Zurich. His Rochester-Bern Executive M.B.A. has been key to his success, he says.

“Twelve years ago, the Simon program was the only curriculum that operated cooperatively with a Swiss university. I learned about it when the Rochester-Bern program was announced in the press,” says Hafner. “Simon provided the best opportunity for me as a part-time student. But it wasn’t until I was entrenched in the program that I realized how favorably Simon compared to other U.S. and European business schools.”

Hafner’s Simon education enabled him to advance quickly at UBS, his employer at the time. He used the tools and techniques learned at Simon to convince his peers and superiors of the validity of his views, proposals and decisions. Hafner credits Simon with teaching him to communicate in a fact-based manner and giving him the confi dence he needed to make decisions and become a more respected leader.

“What sets Simon apart is its analytical approach to problem-solving. I learned how to approach a problem from hypothesis to synthesis,” he notes. “The

rigorous data collection and analysis can drive you crazy, but it’s not far from the way real problems are solved. For math lovers, the program is a gift. For math haters, it’s a must!”

When analyzing situations in his current position, Hafner uses the concept of organizational architecture to help him make sound business decisions. “Everyone who has studied at Simon knows that if the three-legged stool—the assignment of decision-making authority, the reward system and the performance evaluation

system—is not in balance, the fi rm has a problem.”

In his spare time, Hafner serves as vice president of Terre des Hommes (www.tdh.ch), the largest Swiss charity for international aid for children, and enjoys spending time with his wife and three children, playing golf and downhill skiing. Hafner is currently reading The Poincaré Conjecture: In Search of the Shape of the Universe, a book that explores historically how we came to understand the shape of the Earth. SB

Alumni Leader Profi le Christian Hafner ’96*

development process engineering, responsible for process engineering, machining development and tool manufacturing on a global basis at Bausch & Lomb Inc. in Rochester, N.Y.

On August 2–3, 2007, Andy Seguin rode his bicycle in the 28th Pan-Mass Challenge. Herode 192 miles over the two days and raised $5,000 for the Dana Farber Cancer Institute.

2002 Denise M. Fitzgerald* was appointed chief execu-tive offi cer at Midlakes Management Corp. in Clifton Springs, N.Y. The company provides billing, offi ce staffi ng and fi nancial record-keeping for doctors and small physicians’ groups.

In January 2007, Amy Barmore Pasley was promoted to store manager at Wegmans Food Markets in Rochester, N.Y.

Sheffali Singh Welch has been appointed chief of staff to C.F.O. Gary Crittenden at Citigroup in New York City.

2003José Derisi was promoted to vice president at GE Corporate Financial Services in Norwalk, Conn.

Carol Duquette* was promoted to vice president of design services and store maintenance at Wegmans Food Markets in Rochester, N.Y.

Kelly Stone accepted a position as senior brand

46 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

manager, boys toys, at Hasbro Inc. in Pawtucket, R.I.

Alex Sukhoy has been named editorial manager, Target team, at American Greetings in Cleveland, Ohio. She will now create promotional greeting cards at Target stores.

2005 Julio Castillo has joined Europraxis Consulting in Barcelona, Spain, as a management consultant.

Derek Foster was promoted to operations manager for the Multi-Category Retail Channel at The Goodyear Tire & Rubber Company in Akron, Ohio.

Juana Foster was promoted to senior analyst in the valuation practice at Ernst & Young in Cleveland, Ohio.

2006 Daryl C. DuLong was promoted to manager of global market research at Bausch & Lomb Inc. in Rochester, N.Y.

2007Lorena DeLancey* accepted the position of director of marketing at Highland Hospital in Rochester, N.Y.

In Memoriam

Christopher Mastrangelo ’91, November 26, 2007

Jeanne (Bailey) Hendrick ’02, August 4, 2006

Daniel Lander ’05, November 18, 2007

s

U N I V E R S I T Y O F R O C H E S T E R | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | SimonBusiness | 47

With the focus on instruction at most universities,

it’s easy to overlook the huge job of coordinating life outside the classroom. As vice president of student affairs at Rochester Institute of Technology, Mary-Beth Cooper knows all about what it takes to keep things humming. She coordinates activities such as athletics, campus and residential life, academic support, and student health, wellness and counseling services for 15,000 students.

After completing a doctorate in higher education, Cooper thought she was fi nished with her formal education. But she has found that her decision to pursue additional skills in leadership, fi nance and organizational behavior has opened new doors.

“In addition to my student affairs responsibilities, I teach organizational behavior in a graduate business program and am pursuing a second doctorate in management from Case Western Reserve,” says Cooper. “My passion for business and management was inspired by my exposure to a number of key faculty members at Simon.”

She fondly recalls the way Simon professors Cliff Smith, Jerry Zimmerman and Larry Matteson brought information to life in a pragmatic way. She also had a great experience with teaching assistant Micah Offi cer, a doctoral student

who helped her during her fi rst year in the Executive M.B.A. Program. “I especially enjoyed the case studies, teamwork, and our class trip to Paris,” she notes.

In her current position, Cooper uses skills picked up at Simon to think critically. “I learned to look at the macro level when making decisions,” she explains. “It’s never strictly the fi nancial costs that drive a decision. I was taught to consider the human and social capital involved. The rigor of the Simon program also gave me discipline and focus, which I use every day.”

Cooper was recently awarded the Susan B. Anthony Promise Award during the Wegmans LPGA Day of Champions luncheon in June 2007. In what little spare time she has, she likes to jog, play golf, and spend time with her husband and 14-year-old son. She’s reading about morality for a Social Ethics class she’s taking, and has just fi nished The Devil and Miss Prym, a thought-provoking novel about a community consumed by greed, cowardice and fear. SB

Alumni Leader Profi le Mary-Beth Cooper ’00*

*Executive M.B.A. graduate

48 | SimonBusiness | S I M O N G R A D U A T E S C H O O L O F B U S I N E S S | U N I V E R S I T Y O F R O C H E S T E R

*Executive M.B.A. graduate

E.M.B.A. Class of 2006 Dedicates GiftMembers of the E.M.B.A. Class of 2006, joined by their spouses, children, friends and Dean Mark Zupan, dedicated the class gift of two Chinese marble lion sculptures (one is pictured in the photo inset) on September 14, 2007. The pair, installed in the E.M.B.A. lounge in Schlegel Hall, commemorates the fi rst E.M.B.A. class trip to China. Previous E.M.B.A. class gifts have included a grandfather clock for the lounge and a $25,000 endowment for E.M.B.A. program needs.

(Pictured, fi rst row, from left): Lisa Altman, Vithal Sanapala, Ken Syme and Charles Maxwell. (Second row, from left): Dean Zupan, Nora Pasono, Lisa Davenport, Brad Braddon, Rufus Judson, Chris Karpenko. (Third row, from left): Joe Williams, Marianne Ryan, Tom Greenwood, Sean Flaherty, Chris Byrne and Calvin Frelier.

(Pictured, from left): Nora Pasono, Lisa Davenport, Tom Greenwood, Joe Williams and Calvin Frelier.

(Pictured, foreground): Jessica Foster with her daughter, Paige, Vithal Sanapala and Ken Syme.

(Pictured, from left): Karina Flaherty, Dean Zupan, Sean Flaherty

and Chris Karpenko.

Simon School Receives $5.4M in Major GiftsThe Simon Graduate School of Business has received five major gifts totaling $5.4 million that will help to enhance faculty recruiting and retention, promote entrepreneurship education and offer more scholarships based on academic merit and financial need.

The five donors and their gifts are:

• The William E. Simon Foundation, $2 million for student scholarships based on outstanding academic and professional performance as well as positive impact on the world;

• Michael Rosen ’83, $1.5 million for an endowed professorship in finance;

• Mark Ain ’67, $1 million for increasing the number of students who will be studying entrepreneurship and entrepreneurial activities at Simon;

• Francis Price ’75, $400,000 to the Simon School as part of a $1 million gift to the University for need-based financial aid to enhance diversity; and

• An anonymous donation, $500,000 for faculty support.

“We are deeply grateful to the alumni and friends who are enabling us to achieve the key goals in our School’s strategic plan,” says Dean Mark Zupan.

Based in New York City, the William E. Simon Foundation supports programs that are intended to strengthen the free enterprise system and the spiritual values on which it rests: individual freedom, initiative, thrift, self-discipline and faith in God.

Michael Rosen, a University of Rochester trustee, is C.E.O. of Context Capital Management L.L.C. in San Diego, Calif., an investment company he founded in 2001. He earned an under-graduate degree at the University of Rochester and an M.B.A. from Simon.

Mark Ain is founder of Kronos Incorporated, the Chelmsford, Mass.-based market leader in the workforce management industry. Ain is a member of the University of Rochester Board of Trustees and the Simon School Executive Advisory Committee. He funds the Simon School’s Mark Ain Business Model Competition, an annual event.

Francis Price, who earned an undergraduate degree from the University of Rochester and an M.B.A. from Simon, is president and C.E.O. of Interact Performance Systems Inc. of Anaheim, Calif., and president and C.E.O. of Q3 Industries Inc. of Columbus, Ohio. He is a University trustee and was recently awarded the David T. Kearns Medal of Distinction during Simon School 2007 Commencement ceremonies. The award recognizes “significant achievement in business, public service and education.”

Simon Team Raises $7,125 for Alzheimer’s Association

The Simon School team of 44 students, faculty, staff, alumni and friends raised $7,125 for the Alzheimer’s Association at its annual Memory Walk on September 27, 2007. The team came in as the highest fund-raising group at the event, held in Canandaigua, N.Y. Team captain Chris Adams ’08, whose father died of a rare form of the disease when Chris was 15, was the walk’s highest individual fundraiser.

Simon’s participation in the walk was part of the nationwide Team M.B.A. initiative, in which friends of the M.B.A. community gather to-gether to perform community service and participate in charity events to promote the goodwill of the M.B.A.

(Pictured, from left): Raghu Gupta ’08, Brigid Crean ’09, Dusty Riddle, ’09, Rachel Freundschuh ’08, Adam Echter ’09, Vivek Gera ’08 and Chris Adams ’08.

(Pictured, top row, from left): Dan Struble, Jane Struble, Gina Mangiamele, Susan Bauer, Adam Echter ’09, Ingrid Echter, Derek Clemmensen ’09, Jillian Ocasio ’08 and Howard Reid ’08. (Second row, from left): Debbie Trieste, Richard Rodriguez ’09, Raghu Gupta ’08, Dusty Riddle ’09, Kamesh Moola ’09, James Wright, Ramandeep Kukreja ’08 and Nick Korba ’09. (Bottom row, from left): Lee Jokl ’09, Nicole Trieste ’09, Brigid Crean ’09, Vivek Gera ’09, Chris Adams ’08, Amanda Mari ’09, Jane Adams and Sarah McLellan.

(Pictured, from left): Chris Adams ’08, Alexandra Conboy ’09, James Wright, Richard Rodriguez ’09, Sarah McLellan, Nick Korba ’09, Adam Echter ’09, Ingrid Echter, Jillian Ocasio ’09, Derek Clemmensen ’09.

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Inside: Simon Receives Major Gifts • The Student Visa Crisis •All-Simon Alumni Reunion • 2006–2007 Report on Giving

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Simon School Receives $5.4M in Major GiftsThe Simon Graduate School of Business has received five major gifts totaling $5.4 million that will help to enhance faculty recruiting and retention, promote entrepreneurship education and offer more scholarships based on academic merit and financial need.

The five donors and their gifts are:

• The William E. Simon Foundation, $2 million for student scholarships based on outstanding academic and professional performance as well as positive impact on the world;

• Michael Rosen ’83, $1.5 million for an endowed professorship in finance;

• Mark Ain ’67, $1 million for increasing the number of students who will be studying entrepreneurship and entrepreneurial activities at Simon;

• Francis Price ’75, $400,000 to the Simon School as part of a $1 million gift to the University for need-based financial aid to enhance diversity; and

• An anonymous donation, $500,000 for faculty support.

“We are deeply grateful to the alumni and friends who are enabling us to achieve the key goals in our School’s strategic plan,” says Dean Mark Zupan.

Based in New York City, the William E. Simon Foundation supports programs that are intended to strengthen the free enterprise system and the spiritual values on which it rests: individual freedom, initiative, thrift, self-discipline and faith in God.

Michael Rosen, a University of Rochester trustee, is C.E.O. of Context Capital Management L.L.C. in San Diego, Calif., an investment company he founded in 2001. He earned an under-graduate degree at the University of Rochester and an M.B.A. from Simon.

Mark Ain is founder of Kronos Incorporated, the Chelmsford, Mass.-based market leader in the workforce management industry. Ain is a member of the University of Rochester Board of Trustees and the Simon School Executive Advisory Committee. He funds the Simon School’s Mark Ain Business Model Competition, an annual event.

Francis Price, who earned an undergraduate degree from the University of Rochester and an M.B.A. from Simon, is president and C.E.O. of Interact Performance Systems Inc. of Anaheim, Calif., and president and C.E.O. of Q3 Industries Inc. of Columbus, Ohio. He is a University trustee and was recently awarded the David T. Kearns Medal of Distinction during Simon School 2007 Commencement ceremonies. The award recognizes “significant achievement in business, public service and education.”

Simon Team Raises $7,125 for Alzheimer’s Association

The Simon School team of 44 students, faculty, staff, alumni and friends raised $7,125 for the Alzheimer’s Association at its annual Memory Walk on September 27, 2007. The team came in as the highest fund-raising group at the event, held in Canandaigua, N.Y. Team captain Chris Adams ’08, whose father died of a rare form of the disease when Chris was 15, was the walk’s highest individual fundraiser.

Simon’s participation in the walk was part of the nationwide Team M.B.A. initiative, in which friends of the M.B.A. community gather to-gether to perform community service and participate in charity events to promote the goodwill of the M.B.A.

(Pictured, from left): Raghu Gupta ’08, Brigid Crean ’09, Dusty Riddle, ’09, Rachel Freundschuh ’08, Adam Echter ’09, Vivek Gera ’08 and Chris Adams ’08.

(Pictured, top row, from left): Dan Struble, Jane Struble, Gina Mangiamele, Susan Bauer, Adam Echter ’09, Ingrid Echter, Derek Clemmensen ’09, Jillian Ocasio ’08 and Howard Reid ’08. (Second row, from left): Debbie Trieste, Richard Rodriguez ’09, Raghu Gupta ’08, Dusty Riddle ’09, Kamesh Moola ’09, James Wright, Ramandeep Kukreja ’08 and Nick Korba ’09. (Bottom row, from left): Lee Jokl ’09, Nicole Trieste ’09, Brigid Crean ’09, Vivek Gera ’09, Chris Adams ’08, Amanda Mari ’09, Jane Adams and Sarah McLellan.

(Pictured, from left): Chris Adams ’08, Alexandra Conboy ’09, James Wright, Richard Rodriguez ’09, Sarah McLellan, Nick Korba ’09, Adam Echter ’09, Ingrid Echter, Jillian Ocasio ’09, Derek Clemmensen ’09.

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William E. Simon Graduate School of Business Administration

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Inside: Simon Receives Major Gifts • The Student Visa Crisis •All-Simon Alumni Reunion • 2006–2007 Report on Giving

SimonBUSINESS

SIMON GRADUATE SCHOOL OF BUSINESS • UNIVERSITY OF ROCHESTER

Winter 2007–2008

Summer Business Institute @ SimonDo you know a current college student or newly minted graduate?Help them discover exciting opportunities in business this summer!� Increase the employability of your graduating son or daughter

� Students get a head start on their career paths

� Three-week, 6-credit program includes courses in five areas: general management, marketing, leadership, business law, and accounting and finance

� Network at C.E.O.-hosted dinners

Enrollment is limited. Apply now! Application Deadline: April 1, 2008For more information, contact us at (585) 275-3533or visit www.simon.rochester.edu/summerinstitute

Students explore

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overview of the

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during our

concentrated

three-week

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Simon Graduate

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at the University of

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