Berkeley Haas Magazine Fall 2016

BerkeleyHaasTHE MAGAZINE OF THE HAAS SCHOOL OF BUSINESS AT THE UNIVERSITY OF CALIFORNIA, BERKELEY Fall 20166 SUPERCHARGED 10 LESSONS FROM MT. EVEREST 16 A HEALTHY SUCCESSQuantifying the economic power of reliable Mountaineering illustrates the dangers ofenergy in developing nations groupthink for workplace teams Albert Lee, MBA 04, helped make MyFitnessPal the world’s leading fitness appBUILDERSBusiness Leaders of the YearOF DREAMS Susan Chamberlin, MBA 87, and her husband, Steve, spent years planning new structures and cityscapes. Now they’re redesigning the world of public education.

Question the Status QuoConfidence Without AttitudeStudents AlwaysBeyond YourselfBerkeley-Haas alumni enjoy 15% offopen-enrollment programs.Upcoming ProgramsWomen in Technology New Manager Boot CampFebruary 6–7, 2017 February 22–24, 2017Faculty Director: Dana Carney, Haas associate professor Faculty Director: Homa Bahrami, Haas senior lecturerIdeal for: Women who work in roles typically dominated by men Ideal for: Recently promoted scientists, engineers,(e.g., engineers, IT professionals); who are new managers in tech high-tech professionals, supervisors, and managerscompanies or work in tech start-ups; and who have an interest inscience-based best practices in the workplace Find the right opportunity for you and your team executive.berkeley.edu CONTACT: +1.510.642.9167

Fall 2016F E AT U R E S A N D D E PA R T M E N T S T h e B e yo n d Yo u r s e l f I s s u e EXECUTIVE EDITOR Ute Frey UP FRONT MANAGING EDITOR Amy Marcott DESIGN Cuttriss & Hambleton, Berkeley STAFF WRITERS Laura Counts, Kim Girard, Pamela Tom The UAE Happiness Initiative CONTRIBUTING WRITERS Charles Cooper, Krysten 2 Haas List Crawford, James Daly, Creating happier workers in Andrew Faught, Andrew Hill, the UAE Gretchen Kell, Kate Madden Yee, 4 Haas News Mike Rosen Haas case study explores PHOTOGRAPHY a high-growth industry: Noah Berger, Jim Block, legal cannabis Keegan Houser, Karl Nielsen, 6 Power of Ideas Peg Skorpinski Quantifying the economic ILLUSTRATORS power of reliable energy Dulce Lopez,Stephan Schmitz, 8 Power of Ideas Kotryna Zukauskaite The benefits of balancing integration and nonconformity BerkeleyHaas magazine is published by the Haas School IN THE BACK of Business, University of California, Berkeley. ForAlbert Lee, MBA 04 (above), and his brother, Mike, co-founded MyFitnessPal, which by 2014 had Kira Makagon, MBA 96 further information, contact:become the market’s most popular nutrition and fitness tracking app. Under Armour subsequently BerkeleyHaas Magazine Editoracquired MyFitnessPal for $475 million.This fall, Lee was awarded Berkeley-Haas’ Leading Through 18 Haas Network Haas School of Business Innovation Award. Page16 Alumni from RingCentral, University of California Berkeley, NetSuite,Plum Organics, CA 94720-190010 Management Lessons from the Aperture Entertainment, [email protected] of Human Endeavor EverString,and GoGoVan BerkeleyHaas Fall 2016, 22 Investing in Our Future Number 93.For mountaineering and workplace teams, cooperation may be a dangerous Couple’s planned gift to help For change of address, emailsymptom of groupthink, says Prof. Jennifer Chatman, PhD 88. students graduate with less [email protected]. debt12 Builders of Dreams 24 Worldwide Events Fall 2016 1 The father of Open InnovationBusiness Leaders of the Year Susan Chamberlin, MBA 87, and her husband, 26 AccoladesSteve, spent years planning new structures and cityscapes. Now they’re rede- 26 Alumni Notessigning the world of public education. 35 In Memoriam 36 Personal View16 A Healthy Success Tom Stahl, MBA 93, sings the praises of the sabbaticalLeading Through Innovation winner Albert Lee, MBA 04, co-founder ofMyFitnessPal, makes it easy for millions to lead healthier lives.Cover photo by Karl Nielsen

Haas List 2 Research 4 Haas on Members the Case Rankings of the UAE California Happiness Management Best in Show Initiative Review has The Berkeley Master of Executive Education published numerous new Financial Engineering cases (cases.haas. (MFE) Program is #1— Spreading berkeley.edu) by Haas x2. The program came Happiness faculty, including out on top recently in two examinations of Google major rankings of U.S.The United Arab Emirates is about to get happier. Using and Niantic Labs (by financial engineeringresearch into the science of happiness and positivity by UC Lester Center Founding programs: the TFE Times,Berkeley Psychology Professor Dacher Keltner, the UAE Exec.Dir.Emeritus Jerome which is based on meanhas partnered with UC Berkeley Executive Education and Engel);Levi Strauss & Co. GRE/GMAT scores,The Greater Good Science Center to create a more positive and Patagonia (both starting salary andworkforce and, ultimately, a happier country. Sixty “Chief co-written by Center for bonuses, undergrad GPA,Happiness and Positivity Officers,” who were appointed by Responsible Business acceptance rate, andthe UAE Prime Minister’s Office, are being trained by a cross- Exec.Dir.Robert Strand); employment outcomes,section of Haas and UC Berkeley faculty experts in the areas Virgin America (by Exec.Dir. and Quantnet, a financialof business, psychology, leadership, and public policy on topics of Emerging Initiatives engineering website. Inincluding mindfulness, creating metrics around happiness Adam Berman and the Quantnet ranking,and positivity, and leading happy people and organizations. Lecturer Frank Schultz); Haas tied for #1, up fromThe training and development program, which will be taught Sanergy (by Visiting Faculty #2 last year.in both Dubai and Berkeley, supports a five-year initiative by Jennifer Walske and Prof.Prime Minister Mohammed bin Rashid Al Maktoum. Laura Tyson);Genentech (co-written by Senior Lecturer Homa Bahrami); and Disruption in Detroit: Ford,Silicon Valley,and Beyond (by Lecturer Ernest Gundling). 3 Entrepreneurs Female Capital Just how successful are Berkeley-Haas alumnae entrepreneurs? According to research firm PitchBook, female startup founders who earned their undergrad degree from Haas were #2 in securing venture capital, tied with the University of Pennsylvania. In all, 104 Haas women founders were backed by VC funding. Stanford took the top spot with 125. Harvard came in fourth with 100. According to the data, since 2010, 430 undergrad alumnae from these four universities have started 418 companies and have raised more than $5.3 billion in total venture capital.2 BerkeleyHaas

Watch the Brexit panel: haas.org/brexit-panel.5 New Building Berkeley Pride 8 Dean’s Speaker Series Looking Fallout Sharp 75 & Fabulous and Future How will Britain’s departure from the European UnionNorth Academic Building Happy 75th birthday to Oski, UC affect the country’s international trade, living Berkeley’s beloved mascot. The standards, financial sector, and political economy?Construction on the new septuagenarian is busier than ever with That’s what an expert panel gathered to discuss at aNorth Academic Building some 300 events a year and his own special Dean’s Speaker Series.“Brexit: What Next?”is almost ready to move Twitter handle, Facebook page, and Lair featured Prof. Andrew Rose; moderator Maria Carkovic,to the interior. Weather of the Golden Bear camp. Oski, who exec. dir. of the Institute for Business Innovation; Galinadepending, the building began as a Daily Californian cartoon Hale, research advisor at the San Francisco Federalis slated to open in late strip in 1941, has appeared at retirement Reserve Bank; and Barry Eichengreen and Gerardspring. Check out the parties, children’s hospitals, and East Roland, both UC Berkeley professors of economics andprogress on the live Coast fundraisers, in addition to political science. Among the insights: Rose didn’twebcam: haas.org/ sporting events. He’s even walked a expect a large collapse of living standards in the UKNorthAcademicBuilding. bride down the aisle. His name derives though he did expect trade stagnation since about half from “Oski Wow Wow,” which had long of all British exports go to EU countries.“Most of the6 Faculty been part of spirit yells at UC Berkeley estimates from academics say the Brexit disruption...is 100K Club and other schools. The word oski, or the going to lead to around a two percent drop in GDP,” Rose Profs. David acronym OSCI (other side caught it), said.“The long-run effect is going to be larger because Teece and Ross was a football term. Brexit will create a more closed economy in the UK.” Levine each Oski’s birthday was celebrated with 9 Facultyachieved an important pomp and hoopla during homecoming, Honoring a Pioneermilestone, according to including a public lecture, “Oski Bear Adj. Prof. Nora Silver keptGoogle Scholar:more and the Struggles of Being a 75th-Year hearing MBA students saythan 100,000 citations of Sophomore,” that they wanted to create global socialtheir published research. and a tribute change. So she created a class to teachThe achievement marks on the students how to frame effective socialthe growing influence of football movement strategies. “Large-Scaletheir scholarly findings field before Social Change: Social Movements”among other academics. the Cal vs. examines dozens of historical andTeece’s most cited paper is Utah game. contemporary social movements, such Adj. Prof.“Dynamic Capabilities and as civil rights and Black Lives Matter. Nora SilverStrategic Management,” Oski Bearpublished in Strategic For her work, Silver, the faculty director of the CenterManagement Journal in for Social Sector Leadership, received the Aspen1997. Levine earned the Institute Faculty Pioneer Award, which honorsdistinction for a series business school faculty who are teaching “businessof co-authored papers practices that help corporations confront society’sshowing that financial grand challenges.” Watch Silver explain more aboutintermediaries and the course: haas.org/nora-silver.markets exert a powerfulinfluence on long-runeconomic growth.Profs. David Teece andRoss Levine Fall 2016 3

Up FrontHaas NewsBY THE NUMBERS IInmvpeasctitng Award-winning study focuses on “supply”Giving Results and demand of impact fundsThanks to all the donors When it comes to impactwho helped us surpass investing, supply isprevious fundraising failing to meet demand,successes in FY16. a new study co-authored by Assoc. Prof. Adair$35.9M Morse found. “Impact Investing,” which won theRaised for Berkeley-Haas, 2016 Moskowitz PrizeJuly 1, 2015–June 30, 2016 for Socially Responsible Investing, also found7,265 that Europe’s demand for impact funds overNumber of donors— traditional investmentshighest ever Assoc. Prof. Adair Morse was three times higher$694,401 than in North America. Morse, along with Brad Barber and AyakoOne-day fundraising Yasuda, both of UC Davis, investigated 3,500 Smoking Hotrecord for the second- limited partners, 5,000 funds, and 25,000annual Big Give in 2015 capital commitments results. They developed an Haas case study explores a high-growth “investment choice model” to chart investor demand industry: legal cannabis$3.6M for impact funds over traditional options, matching characteristics between fund and investor, referred The legal cannabis industry is on fire:sales are projectedGiven to the Haas Fund— to as limited partner or LP in the framework. The to reach $6.7 billion this year and to top $21 billionthe most in a single year study proves that investing to have a positive social by 2020, according to research firm IBISWorld. Some or environmental impact alongside a financial 29 states and the District of Columbia have passedTo learn more about the return is here to stay. Another important finding measures legalizing the drug in some form.programs and people that shows that demand for impact is higher in countriesyour donations to Haas that are United Nations Principles for Responsible As entrepreneurs and investors move in on thesupport, check out the new Investment (UNPRI) signatories. “green rush,” Haas has published the first majorAnnual Report of Private The Moskowitz Prize is determined and managed business-school case study on a cannabis enterprise.Giving: haas.berkeley. annually by Berkeley-Haas’ Center for Responsibleedu/annualreport. Business and is the only global award recognizing The case, “Cannabusiness in Washington, D.C.,” outstanding quantitative research in the field of profiles Corey Barnette, a Duke Fuqua MBA and sustainable, responsible, impact investing. Morse, former Bank of America investment banker who who teaches New Venture Finance at Haas, is the owns a cultivation center and dispensary. The study first UC Berkeley professor to win the award in was spearheaded by Mohsin Alvi and Jamaur its 21-year history. Previous winners have explored Bronner, MBA 16s, who were interested in exploring shareholder activism, socially responsible mutual not only the business opportunities presented by the funds, and socially responsible investing as a catalyst budding industry but also the public policy and to financial performance, among other topics. social justice issues that surround a substance that is still illegal under federal law. C or rFe cEtEioDnB A C K F r o m In the Summer 2016 issue, The study, co-written by Alvi, Bronner, and Deena Paul Jansen’s title was Malaeb, BS 17, along with lead author Rui de incorrectly stated in the Figueiredo, Haas associate professor, appears in the Berkeley-Haas Case Series and the California article “Building a Cross- Management Review. Sector Career.” It should be Haas Adjunct Professor. De Figueiredo says there are challenges facing the fledgling industry that, taken together, are unique. These include questions about strategy, leadership, and—given that the federal government classifies marijuana among the most dangerous drugs—public policy. “Basically, the legal side of the industry is starting from scratch,” says de Figueiredo. “You don’t typically see that in traditional business-school cases and discussions.”4 BerkeleyHaas

Up FrontAll-Inclusive DEAN’S LETTERHaas institutes diversity initiatives PHOTO: KEEGAN HOUSERLast year, Berkeley-Haas adopted a strategic Promoting November's Big Give with Matthew Hahn, MBA 17;Carina Serreze, MBA 17;Jennifer Kodia, BS 19;business plan that puts a high priority on ethnic Dean Lyons, BS 82;Patrick Burden, BS 17;Susy Schöneberg, MBA 17;and Juan Casanova, MBA 17diversity, gender equity, and leading in a diverse world. Foundation for Excellence “Our mission as a school is to develop leaders who Haas launches ambitious campaign to take school to next levelredefine how we do business, and that requirespeople who experience the world in different ways, The financial support Berkeley-Haas To maintain our competitive advantage,who think differently, and who welcome different ways receives from alumni and friends is we’ve launched an ambitious campaignof thinking,” says Dean Rich Lyons, BS 82. crucial to maintaining our position among called the Foundation for Excellence. the world’s top business schools.Just This “campaign within a campaign” Assistant Dean Erika Walker is serving as the student look at some of the exciting things donor focuses specifically on discretionaryequity officer, reviewing how diversity is reflected in the generosity has allowed us to accomplish: giving, aiming to increase annualcurriculum, extracurricular activities, and the school support to $5 million by June 30, 2019,community across all programs. Profs.Jennifer • Launching the Management, by asking you to make a leadership-levelChatman, PhD 88, and Jonathan Leonard are serving as Entrepreneurship, & Technology commitment to the Haas Fund overfaculty equity officers, working on equity issues among program with our College of three years.The three-year commitmentstudents and faculty;Human Resources Director Denise Engineering, offering both business helps you—our alumni and friends—toBoyd serves a similar role for staff. and engineering undergraduate recognize the depth of your affinity and degrees to top students commitment to Haas and to participate Admissions initiatives aim to boost applications from • Opening the Innovation Lab at Memorial more fully in this championship teamunderrepresented minority students. One such effort is Stadium, which provides faculty and we’ve built together. Why $5 million?Haas’ participation in the Consortium for Graduate students with flexible, studio-style We are currently at about $3.7 millionStudy in Management, which seeks to increase the classroom space for team-based, number of African-Americans, Latinos, and Native hands-on learning and experimentation and I am seeing at least anotherAmericans in top business programs and corporate $1.5 million of additional excitingmanagement. It offers fellowships and scholarships for • Powering our school’s startup investment opportunities each year (e.g.,exceptional MBA candidates with a track record of accelerator, SkyDeck, jointly with investments in valuable research that willpromoting diversity and inclusion. Engineering preemptively retain faculty or in new ways of delivering cutting-edge course content This year, the incoming full-time MBA class includes a • Attracting and retaining our world- to alumni digitally).record 47 Consortium fellows—the largest group among renown faculty in a hyper-competitive the organization’s 18 member schools. talent market As incentive, an anonymous donor The full-time MBA office and the student-led GenderEquity Initiative work to increase theproportion of women in the program,with direct outreach from alumnaeand senior women leaders from Haas.Women make up 40 percent of theprogram overall. • Expanding the offerings of essential has offered a $1 million Leadership experiential learning opportunities to Challenge, which will match dollar-for- dollar any increase in your support to the our students… Haas Fund between $2,500 and $99,999. The $1 million matching fund is just the …and much more. Every one of these kind of turbo-charge we need, and we’ll successes has something in common: do our best to have something like this in they were germinated from the Haas place to accelerate this category of giving Fund, a discretionary fund that I use to in future years. make the 10 to 20 exciting “seed stage” These discretionary funds and the investments each year that drive our school’s future strength and reputation. These investments typically fall into three catalytic seed-fund investments they buckets:student/alumni opportunities, enable me to make are putting our school programs, and faculty retention.The Haas on a different trajectory. I am counting on Fund is the high-powered money I use to you to lift Berkeley-Haas a notch on your spark advances in these areas. list of philanthropic priorities this year. Sincerely Yours, Rich Lyons, BS 82 [email protected] | @richlyons Fall 2016 5

Up FrontPower of Haas IdeasENERGY RESEARCH PROFS. CATHERINE WOLFRAM AND PAUL GERTLERSuperchargedProfs. Catherine Wolfram and Paul Gertlerseek to quantify the economic power ofreliable energyAccess to reliable energy sources holds the power to build strongereconomies and healthier populations. Now it’s time to quantify it. That’s the goal that Berkeley-Haas professors Catherine Wolfram andPaul Gertler are seeking through a five-year, $18.5 million research grantfrom the United Kingdom’s Department for International Development.Wolfram is the research director and Gertler the deputy researchdirector of the Applied Research Programme on Energy and EconomicGrowth, led jointly by UC Berkeley’s Energy Institute at Haas andCenter for Effective Global Action and by Oxford Policy Management,an international development consultancy based in the UK. BerkeleyHaas recently spoke with Wolfram about goals for the grant.You’re at the start of an exciting project. What are your main goals?We want to better understand the mechanism through which energyinvestments contribute to economic growth in Sub-Saharan Africa andSouth Asia. It could be directly through benefits to individual householdsor more broadly in the industrial sector by providing better jobs. Or maybeit’s also through hospitals and schools and the services they provide.Energy is a big field. Any particular areas of study?Mainly, the role that electricity plays in economic growth. But we’ll alsostudy the effects of extracted oil and natural gas, because they can alsoinfluence the electricity industry. Countries like Nigeria, for instance,have a lot of oil and diesel available, and some researchers argue that thishas made it easy for the local electric companies to get away with poorreliability. People who are rich enough have backup generators runningon diesel so reliable grid electricity is not critical to the elite.Where will your research be focused?Sub-Saharan Africa and South Asia, but we may study some other middle-income countries, as well—places like Mexico and parts of Latin America—to see what happens to a country once it gets nearly full electricity access.How will the study work?We’re putting together a worldwide network of researchers who willengage with policymakers to learn about the main barriers they see todeveloping their energy sectors. If we engage with stakeholders early inthe process, we hope we’ll be able to influence policy later on. We’ll also be doing a lot of field research. In Kenya, for instance, we’reworking with the Rural Electrification Authority, and we’ve subsidizedrural households to connect to the electricity grid. People in our studyhave been connected for about two years, and we want to see how havingelectricity has impacted their lives. For instance, do kids study more atnight? Have people started businesses? On the other hand, we may findthat the impacts are minimal, suggesting that getting electricity intoevery rural home may not be the best way to drive economic growth anddevelopment. A better way might be getting reliable and high-qualityelectrical service to commercial establishments that can create jobs.Or getting reliable electricity to health centers so they can refrigeratevaccines and offer better services at night. We need more research tosort through the alternatives. —Interview with James Daly ILLUSTRATION BY KOTRYNA ZUKAUSKAITE6 BerkeleyHaas

Up FrontThe High Cost of Cheap GasEffects of soaring U.S. gas consumptionBy Prof. Lucas Davis August was now, but gasoline prices peaked the biggest during the summer of 2008 to above month ever for $4 a gallon and remained steep until U.S. gasoline late 2014. These high prices reduced consumption. gasoline consumption, but now that Americans used $2 gasoline is back, Americans are a staggering filling up their tanks like never before. 9.7 million barrels U.S. vehicle sales peaked last year, per day—more than led by trucks and SUVs, and thisProf. Lucas Davis a gallon per day for summer Americans took to the roads in record numbers.every U.S. man, woman, and child.The new peak has surprised many. In This all illustrates the deep2012, after five years of falling gasoline challenge of reducing fossil fuel useconsumption, the U.S. Department in transportation. The availableof Energy forecast that U.S. gasoline substitutes, such as electric vehiclesconsumption would steadily decline and biofuels, are expensive and notfor the foreseeable future. That same necessarily less carbon-intensive.year, President Obama announcedaggressive new fuel economy standards Can new fuel economy standardsthat would push average vehicle fuel turn the tide? Perhaps, but as I showeconomy to 54 miles per gallon. in new research, the new rules areFast-forward to 2016, and U.S. gasoline yielding smaller fuel economy gainsconsumption has increased steadily than was expected. With the newfour years in a row to a new peak. rules, the fuel economy target for eachThis dramatic reversal has important vehicle depends on its overall size. Soconsequences for petroleum markets, as Americans have purchased morethe environment, and the U.S. economy. trucks, SUVs, and the like, this relaxesHow did we get here? There were a the overall stringency of the standard.number of factors, including the Great So, yes, fuel economy has improved—­Recession. When people have less to but much less than it would havespend, they trade in their vehicles for without this mechanism.more fuel-efficient models and drivefewer miles. But now, as incomes are Fuel economy standards may beincreasing again, Americans are buying able to continue increasing fuelbigger vehicles with bigger engines economy, but unlike a gasoline tax,and driving more total miles. standards cannot increase the costThe other important explanation is per mile of driving. Americansgasoline prices. It is hard to remember will drive 3.2 trillion miles in 2016, more miles than ever before. Why wouldn’t we? Gas is cheap. This is a shorter version of a post on the Energy Institute’s blog: energyathaas. wordpress.com. Fall 2016 7

Up FrontPower of Haas IdeasO N T H E J O B A S S T. P RO F. S A M E E R S R I VA S TAVAFit In or Stand Out?For career success, balance integration andnonconformity, says Asst. Prof. Sameer SrivastavaIs it better to fit in or stand out at work? A new study suggests that the ILLUSTRATION BY STEPHAN SCHMITZanswer depends on your position in your network structure and yourdegree of cultural alignment. If you stand out culturally by not following the same norms as yourcolleagues, you’ll need to be part of a tight-knit group and thus fit into yourorganization structurally to succeed. And if you aren’t a member of any oneclique but serve as a bridge across groups that are otherwise disconnectedfrom each other, then you better fit in culturally. The research findings, published in the American Sociological Review,were co-authored by Haas Asst. Prof. Sameer Srivastava and Amir Goldbergof Stanford’s Graduate School of Business in collaboration withChristopher Potts, Stanford linguistics professor, and Stanford graduateresearchers Govind Manian and Will Monroe. “Most people recognize that if they fail to differentiate themselves fromtheir peers, they are very unlikely to get ahead,” says Srivastava. “Yet fittinginto a company creates a larger, motivating sense of identity for employeesand enables them to collaborate with others.” Srivastava and his colleagues, fascinated by that tension, examined amid-sized technology company’s complete archive of email messagesexchanged among 601 full-time employees between 2009 and 2014. The team created an algorithm that analyzed how closely the emails’natural language mirrored that of their colleagues. For privacy, only emailsexchanged among employees were analyzed and identifying informationand actual message content were stripped from the data. “Some of the most informative language categories were ones whose useis governed by cultural norms—for example, talking about family, usingpersonal pronouns, and even swearing. People who fit in culturally learnedto understand and match the linguistic norms followed by their colleagues,”says Srivastava. The researchers then studied employee age, gender, and tenure, andidentified those who had left the company, whether voluntarily orinvoluntarily. Four organizational archetypes emerged: “doubly embeddedactors,” “disembedded actors,” “assimilated brokers,” and “integratednonconformists.” A doubly embedded employee is someone both culturally compliant andpart of a dense network. Such a person is unlikely to get exposed to novelinformation and will struggle to propose new ideas. They were over threetimes more likely to be involuntarily terminated than those identified asintegrated nonconformists, people who are part of a tight-knit group butwho still stand out culturally. Those most likely to get ahead are assimilatedbrokers, people high on cultural fit and low on network cliqueness.Integrated nonconformists also gained more job success. “The assimilated broker has connections across parts of the organizationthat are otherwise disconnected. At the same time, she knows how to blendin seamlessly with each of these groups even if they are quite differentculturally,” says Srivastava. The lesson, says Srivastava, is that if you blend in both structurally andculturally, you risk being seen as bland and unremarkable. At the sametime, if you try to serve as a bridge across groups but lack the capacity forcultural conformity, you can wind up being perceived with suspicion andmistrust. The goal is to find a balance between the two.The original version of this article was published by the Stanford Graduate School of Businesson Insights by Stanford Business.8 BerkeleyHaas

Up Front Watch videos of faculty and leading business leaders: insights.haasalumni.org.The Ethics of participants. One study, amount of weight onWomen designed to better information delivered understand the via the media,” saysGender and social psychological process Haas Prof. John Morgan.pressure drive behind unethical “As a result, investorsunethical decisions negotiating tactics, become less likely to use showed that women did the information in anProf. Laura Kray not completely optimal fashion to price disregard—but only the stock. The cost ofWould you tell a lie to lowered—their moral our markets functioninghelp someone else? A new obligations regardless of based on mispricedstudy says women won’t whether they were stocks is greater than thelie on their own behalf, advocating for themselves benefits of having publicbut they are willing to or others. information.”do so for someone elseif they feel criticized or “This suggests that In the working paperpressured by others. women did not see “Experiments on the unethical tactics as more Social Value of Public In contrast, men are acceptable when helping Information,” Morganthe opposite: they do others ... they lowered and co-author Donaldnot compromise their their ethical standards J. Dale of Muhlenbergethical standards under because they felt College suggest thatsocial pressure regardless pressured to do so,” policymakers mustof whether they’re says Kray. balance the costs ofadvocating for themselves transparency with theor anyone else. The study’s results may effects of distorted appear disturbing. But information. The study, “‘I’ll Do Kray stresses they areAnything For You’: The an opportunity for self- “The ‘echo chamber’Ethical Consequences awareness. “Ask yourself, effect of publicof Women’s Social ‘What are the constraints information can ruin theConsiderations,” which and social pressures? If I way the market shouldreceived the Best were doing this for myself function,” says Morgan.Empirical Paper Award or someone else, howfrom the International would I act differently,” For this study,Association of Conflict says Kray. —PT undergraduatesManagement, was co- participating in a stockauthored by Prof. Laura Undermining trading game were givenKray and lead author Investor two types of privateMaryam Kouchaki of Decisions information: high quality/Northwestern University. reliable and low quality/ The problem with public less reliable, correlating “We found that when information with fundamentalwomen act on their own information (a stock’sbehalf, they maintain Prof.John Morgan intrinsic or true value,higher ethical standards not market value). Later,than men,” says Kray. Are investors “mad” they were given public“However, women will to follow CNBC’s information. Participantsact less ethically, such as Mad Money host Jim tended to overweight thetelling a lie, when they fear Cramer’s stock advice? low-quality informationbeing viewed as ineffective Would they be better in all rounds of theat representing another off without media’s experiment.person’s interests.” insights? New research suggests they would. “It places investors on The findings are a result the horns of a dilemma,”of four studies, each “People put an enormous says Morgan. “Weinvolving from 160 to 235 would all be better off cooperating but our individual interests are strong. If everyone else is following the news story, then most people think the best thing they can do for their investment strategy is to follow along even if they know they may be wrong.” —PT Fall 2016 9

10 BerkeleyHaas

Management Lessons from the Pinnacle of Human Endeavor For mountaineering and workplace teams, cooperation may be a dangerous symptom of groupthink says Prof. Jennifer Chatman, PhD 88 By Andrew Hill, Financial TimesILLUSTRATION BY DULCE LOPEZ In his book Into Thin Air, the harrowing account of the sometimes took risks that put lives in jeopardy. ill-fated 1996 expeditions up Mount Everest, moun- Lessons from extreme situations may seem irrele- taineer Jon Krakauer recalls his sense of foreboding as he helicoptered into the Himalayas with an ad hoc vant to staffers discussing projects in air-conditioned team of amateurs. corporate conference rooms. But Chatman says the re- search suggests perhaps “the whole team-building fad “I attributed my growing unease to the fact that I’d has overshot the mark,” by placing too much emphasis never climbed as a member of such a large group—a on cohesion. Lives may not be on the line, but teams group of complete strangers, no less,” he writes. “One that do not value and recognize their differences could climber’s actions can affect the welfare of the entire be less effective. team. The consequences of a poorly tied knot, a stum- ble, a dislodged rock, or some other careless deed are There are few more pressing management chal- as likely to be felt by the perpetrator’s colleagues as the lenges than how to run diverse teams. Big companies perpetrator . . . . I suspected that each of my teammates are experimenting with ways to go beyond traditional hoped as fervently as I that [Rob] Hall [their profes- recruitment in order to widen the pool of staff from sional guide] had been careful to weed out clients of which they fish. Deutsche Bank, for instance, is ex- dubious ability and would have the means to protect ploring behavioral profiling and testing in its hiring. In each of us from one another’s shortcomings.” her book What Works—shortlisted for this year’s FT Business Book of the Year—Iris Bohnet focuses on the In fact, eight climbers died in one day—including difficulties of achieving, then reaping, the advantages Hall—when storms closed in on the many groups, from of gender balance in the workplace. “Getting it right is first-timers and “tourists” to hardened professionals, not easy,” she writes of the task of designing appropri- who were trying to make it to the summit and back. ately balanced, creative, and productive teams. Confusion and controversy shrouded what hap- In the first place, managers need to assess diversity pened in the “death zone” above 8,000 meters in 1996, correctly. They then need to set out a clear, collective but Krakauer’s concern that the individual actions of mission. But they must also identify which of the dif- one team member could doom the others should have ferences between the team members—nationality, been overlaid by another worry. Collective dedication gender, race—have little bearing on the task at hand, to a goal can itself be dangerous if it covers up impor- and which, such as specific skills and experience, are tant individual differences, according to a new study, highly relevant. Cohesion and cooperation may look with fascinating implications for how lower-altitude like virtues, but they could be symptoms of groupthink. teams are built, motivated, and run. The greater the collective will of the team—and the higher the stakes—the less likely people are to dissent, Berkeley-Haas Prof. Jennifer Chatman and her co- because, in Chatman’s words, “speaking up about risks authors studied records of more than 60 years of ex- is like saying you have no confidence in the group.” peditions to the Nepalese Himalayas. It is a rich bank of information—about 40,000 climbers from some 80 In the workplace, these findings place even more countries. Unlike workplace teams, these groups had a burden on the team leader, for whom dissent and fric- clear goal: to reach their summit. They shared one ob- tion are unlikely signals of success. But as Chatman jective and unambiguous measure of failure: the death says: “Maybe we need to live with a little more discom- of a team member. fort and difference to get these valuable outcomes.” By parsing this sometimes grim data set and com- Emphasizing the ways in which team members are bining it with teamwork experiments, the researchers not the same could increase tension within the team. found that a collective mindset helped diverse teams It could mean the group takes longer to reach its goal. ignore differences, such as nationality, that were not But those would be small prices to pay to improve the relevant to their task. But when the collective spirit overall performance—and avoid disaster. overrode vital individual differences of, say, experience, From the Financial Times. 12 September 2016 . “Manage- the result could be fatal. For example, teams that got ment Lessons from the Pinnacle of Human Endeavor,” into trouble at altitude and assumed that all members had Andrew Hill. © The Financial Times Limited 2016. the same expertise as their most knowledgeable climbers All Rights Reserved. Fall 2016 11

Avid sailors (and high-schoolsweethearts) Steve and SusanChamberlin have long champi-oned education. At Berkeley-Haas, they’ve funded many im-portant initiatives benefittingstudents and faculty alike.12 BerkeleyHaas

BUSINESS LEADERS OF THE YEAR Susan Chamberlin, MBA 87, and her husband,DBURILEDEARMS OSF Steve, spent years planning new structures and cityscapes. Now they’re redesigning the world of public education. BY JAMES DALYIt’s an hour after the end of the normal school day at ated places for people to live and work, today they’rethe Summit Tamalpais school in Richmond, Califor- focused on building innovative facilities and providingnia, a time when most schools are quiet of students. them to organizations running schools that expand minds and hearts. It’s an educational experience that’s But here, on a hill at the northern edge of the San inspiring (and even fun) for hundreds of middle- andFrancisco Bay, it’s different. Even after a school day high-school students in the West Contra Costa Unifiedthat began more than eight hours earlier, there is School District.much energy around the building. Students play inthe gym, kick soccer balls outside, and take after- “We believe all kids should have the same chance tohours classes in rooms abuzz with activity. It’s clear attain their dreams,” Susan says.that some don’t want to leave. Spearheading their educational philanthropy is the As a photographer snaps photos of Susan and Chamberlin Family Foundation, which was created inSteve Chamberlin in an empty classroom, two gum- 2006 with a simple yet powerful mission: invest in thechewing 12-year-old girls watch from the doorway, people and ideas that will vastly improve K–12 publicexcited at the attention afforded these strangers. education, particularly where inequitable opportuni- ties impede student potential. “How do you like going to school here?” SteveChamberlin asks, beckoning them inside. Vision on a hill “I love it,” one, named Natalee, says. For their efforts bettering the lives of others, Susan and The other, also named Natalie, nods. “I feel so lucky Steve Chamberlin have been named Berkeley-Haas’to be here,” she says, then explains how this school 2016 Business Leaders of the Year, the highest honorisn’t like any she’s ever attended. “We’re even allowed the school bestows. The annual award is presented toto chew gum,” she says. “It helps me concentrate.” leaders not only for their career accomplishments butThe girls are surprised to learn that the couple built for going beyond themselves and positively impactingtheir school and talk excitedly for several minutes and influencing alumni and students.about schoolwork and teachers. From the moment they start interacting with the For many of the Chamberlin’s associates (and recip-students, Steve and Susan Chamberlin beam. “Those ients of their generosity), it’s a fitting choice. “Susanare the kind of moments that make it all worthwhile,” and Steve are investing in a vision that starts with theSteve says after the girls leave. “I really am proud of community and its people, and that’s what makes theirthese students. Every one.” efforts so powerful,” says Kelly Garcia, executive di- Married more than 50 years, Steve and Susan rector of the Summit Public School’s K2 campus in Elare partners in an ambitious effort to improve lo- Cerrito, which opened in 2014. “This is not just aboutcal schools. Though technically retired, they remain using their skills as builders and designers to createcommitted to doing what they’ve done throughout non-traditional learning spaces. It’s about investing intheir careers: building. For more than four decades, the kids who fill those classrooms and the communityas a highly successful real estate developer and ar- that supports the kids.”chitect respectively, their tools were steel, glass, andconcrete. Now they employ different building ma- The Summit K2 public school was the first schoolterials but have similar goals. Where once they cre- campus for the Chamberlins, one that relied on Steve’s Fall 2016 13

long experience as a real estate developer. Once a K–8 Natalee (middle left) and high-school students. Summit Tamalpais, launchedprivate school called Windrush, the Chamberlins Natalie (middle right) this past August, has 120 seventh graders, but it willbought the four-acre campus in El Cerrito after Win- express their excitement serve grades seven through 12 in another five years.drush was unable to make payments on $13 million in with their new school Eventually, the two classroom buildings could hold upbonds. Despite a legacy of 35 years serving middle- with Steve and Susan to 1,400 students combined.class families, Windrush was another on the long list Chamberlin.of private schools to fall victim to the economic crisis. At their schools, like in their careers, the Chamber-With tuition at $20,000 a year, many parents had “We believe lins are eager to break down walls. Both the Aspirepulled their kids out. The Chamberlins toured the all kids and Summit buildings are bright, modern, and spa-school “and made the decision to buy it in a heart- should have cious. Wide roll-up doors open to the outside in abeat,” Susan says. the same number of classrooms, allowing students access to chance to fresh air and green grass. Both buildings surround a They then began to work with the Summit Schools attain their small playing field covered with artificial turf and dot-organization, a network of charter schools serving the dreams.” ted with small saplings. It’s an aesthetic that has wonBay Area’s diverse communities. Summit operates ten over many converts in the area, where schools can beschools that have more than 3,000 students, and its —Susan Chamberlin, dark and decrepit. This year, the Aspire school re-chief goal is to prepare kids for success in a four-year MBA 87 ceived 2,400 applications for the 160 available seats incollege. Many of the students attending have never its two schools at Hilltop. The Summit school, in itshad a family member graduate from college. Summit first year, received two applications for every opening.K2 now has 300 seventh- through ninth-grade stu-dents and aims to have up to 630 middle- and high- Perhaps best of all, the school facilities built by theschool students over the next four years. Chamberlins are all financially stable and don’t re- quire ongoing philanthropy. “We wanted to create Susan and Steve’s most ambitious effort to date is something that was sustainable; something thatin Richmond, Calif., where the couple has lived for would outlive the year-to-year funding,” says Steve.more than 20 years and is the focus of their education The Chamberlins paid for all of the schools’ land andefforts. Across from a sprawling suburban shopping facilities. The daily operation of the schools is fundedmall, they’ve built a pair of schools that represent a lo- the same as all public schools in California, by thecal nirvana for middle and high schoolers. The Hilltop state; they are free public schools open to all children.campus complex—which consists of the Aspire PublicSchool’s Richmond Technology Academy, the Flunking retirement Aspire’s Cal Prep High School, and a new SummitTamalpais school—sits on an eight-acre site that was Education has long been a cause the Chamberlinsonce occupied by a bank and a grocery story. Aspire have championed, especially at Berkeley-Haas. Foropened in August 2015 and serves 320 K–5 and 360 many years they taught a course on land use and de-14 BerkeleyHaas

velopment here, and they have also supported the Summit Tamalpais a complex state office building project in Oakland. Itschool financially. Passionate about the power of school in Richmond, was, she says proudly, “completed on time and on bud-teaching, they helped launch the Haas Center for Calif., is bright, modern, get.” Today, she is a trustee of the Oakland Museum ofTeaching Excellence, which helped professional and and spacious. Wide California and a trustee and vice chairman of the UCresearch faculty hone their teaching skills and intro- roll-up doors open to Berkeley Foundationduce new classroom technologies. A donation to the the outside in a numberCenter for Social Sector Leadership (CSSL) piloted of classrooms, allowing In addition to founding Chamberlin Associates, athe Social Impact Collective, an initiative geared to students access to fresh successful real estate development firm in Califor-philanthropists and impact investors who want to air and green grass. nia, Steve co-founded Rouse/Chamberlin Homes inbe more strategic with their giving. CSSL has also Philadelphia in 1978. “Much of my homebuilding ex-benefitted from Susan’s leadership and support as a perience there was in completing projects where othermember of their advisory board for many years. builders have failed,” he says. “In nearly 40 years, we’ve completed every project we started. No stiffed ven- “The Chamberlins have contributed so much to the dors, no burnt lenders, and we never filed for any formwhole package of how we think about real estate edu- of bankruptcy.”cation at Haas,” says Nancy Wallace, co-chair of theFisher Center for Real Estate and Urban Economics. That legacy of getting the job done with the tools atThey were particularly interested in having students hand guides them. Through the Chamberlin Familymake good career choices, Wallace adds. Indeed, the Foundation and their organization Education MattersChamberlins helped create the Accelerating Careers (ed-matters.org), they’re not only investing in peoplein Real Estate (ACRE) program. Offered through the and ideas that will create transformational and sus-school’s Career Management Group, ACRE’s goal is to tainable change in K–12 public education but focusinghelp student’s figure out their ideal career path in the on the needs of students who are too often left behind.highly segmented and diverse field of real estate. Demography, they say, need not define destiny.“They’re both committed to the success of their pro-fession,” adds Wallace, “both now and in the future.” Both Steve and Susan are themselves graduates of public schools and believe a good education—one that While a Berkeley-Haas Adjunct Professor, Steve focuses on the individual and includes critical think-helped start the NAOIP Real Estate Challenge, a com- ing—is essential to providing opportunities.petition between UC Berkeley and Stanford, which isdesigned to give graduate students hands-on experi- When the Chamberlins walk the halls of their cam-ence in creating complex real estate projects. Every puses, they are met with smiles and enthusiasm by theyear, teams are assigned a sample site and given just students as well as the teachers and administrators.60 days to come up with a development proposal, Their goal is not to meddle (they consider themselveswhich is judged by a panel of jurors. For his work, social entrepreneurs, not educators) but to provide aSteve received the Haas Contributions by Adjuncts place of learning, encouragement, and enjoyment thatand Lecturers (CAL) Award for teaching excellence. bears both immediate and long-term dividends. Building schools was not Susan and Steve’s first “Every kid and every family, regardless of their eco-choice for retirement. High-school sweethearts in nomic means or where they live, deserve access to aHawaii, they both loved the water and began compet- great school and education that prepares them noting in sailing races from San Francisco to Hawaii. only for a career but as a way to support their familyThey also undertook a two-year journey through the and community,” says Steve. “It’s not only essential toSouth Pacific on their 46-foot custom sailboat, named them, it’s crucial to the future of the nation.”the Surprise after the Royal Navy frigate in several ofPatrick O’Brian’s sea-based adventure novels. Nowthey sail a more modest 28-foot craft called the HanaHou (Hawaiian for “encore”). While charting nautical courses provided fun andadventure, the Chamberlins, now 74, grew restless.“Those days were great, but we wanted to use ourwealth to promote a social return,” Susan says. Adds Steve, with a twinkle: “You could say that Iflunked retirement.”A real estate solution to a social issueTaking on formidable missions, like improving aflawed public education system, doesn’t daunt Susanor Steve in the slightest. Throughout their careers,they’ve both excelled where others have struggled. Susan earned her bachelor’s degree from Cornell—one of just two women from the Class of 1965 to com-plete its demanding architectural program. After 20years practicing architecture, she earned her BerkeleyMBA. She then managed people and projects for sixyears at the Oakland Redevelopment Agency. As herlast project, she managed the design team working on Fall 2016 15

2016 Leading Through Innovation Award WinnerAlbert Lee, MBA 04, and hisbrother, Mike, co-foundedMyFitnessPal, which by 2014had become the market’smost popular nutrition- andfitness-tracking app. UnderArmour subsequently acquiredMyFitnessPal for $475 million.A Healthy A lbert Lee’s world wouldSuccess never be the same fol- lowing the blockbuster Albert Lee, MBA 04, co-founder of MyFitnessPal, announcement that makes it easy for millions to lead healthier lives. Under Armour was By Charles Cooper paying $475 million to acquire MyFitness-16 BerkeleyHaas Pal, the company he and his older brother, Mike, had spent 10 years building into the world’s most popular nutrition and fitness app. But as congratulations poured in from friends and ac- quaintances, all he wanted was a quiet spot to savor the moment. “Everyone was super happy for us, but I just had this moment where I had to go and hide,” says Lee, who slipped into a phone booth located in the company’s of- fices. “I was thinking about how far we had come and how I never expected to end up where we ended up, and what an amazing and overwhelming feeling this was,” he says. By any definition, it had been a breathtaking journey for a kid who hails from a small town in upstate New York, and Lee’s extraordinary success was honored in Novem- ber with the Berkeley-Haas Leading Through Innova- tion award. The accolade recognizes alumni who have served as exemplars to others in the Haas community.

Heading for Haas the iPhone, allowing users to track their food intake on the go. That marked a turning point for MyFitnessPalLee grew up a few miles east of Schenectady in Niska- as the app’s popularity soared. Fueling its success wasyuna, New York, where his father worked as a research an unrivaled repository for nutrition and calorie data (itscientist for General Electric Global Research and his now contains over five million foods) and a keen atten-mother was employed by the government. tion to ease of use and the user experience. Niskayuna wasn’t your typical small town. GE was The Lee brothers made sure no comment in the fo-one of the region’s largest employers, attracting nu- rums went unanswered and formed a “customer hap-merous scientists and researchers and their families. piness team” that monitored and responded to users.Both Brian Chesky, the co-founder of Airbnb, and Co- They also held monthly focus groups. This feedbacklin Angle, the co-founder of iRobot, graduated from the loop revealed how the technology changed lives. Onelocal high school. woman who lost weight with the app said she could get out of a chair for the first time in 20 years without “It was a unique place,” Lee says. “Being interested pushing up with her hands. Another recounted thatin science or engineering was not necessarily a geeky the app helped him discover which foods caused histhing, because that’s what your family did.” eczema to flare up. MyFitnessPal’s community was so robust, the Lees never paid to advertise, instead rely- He graduated from UC Berkeley in 1995 with a ing on word of mouth.bachelor’s in economics. After working a few yearsin the private sector, Lee returned to campus to earn In 2013, MyFitnessPal received an $18 millionhis MBA. It also marked a turning point intellectually. funding round led by venture firm Kleiner Perkins. ByLee found himself energized by Haas’s culture, where the end of 2014, more than 75 million users were usingquestioning the status quo was considered the norm. the product, which was now the market’s most popular nutrition- and fitness-tracking app. “I was naturally one of those who was willing to askquestions about things when they didn’t necessarily “I’d be lying if I said that on day one, we thought wemake sense,” Lee says. “But surrounding yourself with had a world-changing product,” Lee says. “But we knewlots of other people who believed in that, too—it had an we had something that helped our users to be success-amplifying effect that was powerful. When I walkedout the door at Haas, that was a firmly implanted part “We knew we had something that helpedof who I would be—in whatever company I would work our users to be successful. We certainlyfor and whatever I was going to do.” believed it was valuable and that if we kept working on it, more opportunitiesFrom startup to success would arise.” —A L B E R T L E ELee’s post-Haas career took him first to eBay and then ful. We certainly believed it was valuable and that if weYahoo, before he joined a now-defunct startup in 2006 kept working on it, more opportunities would arise.”called Next Internet. Then Mike called. His brother hadbeen developing a diet-tracking app as a side project, And this they did in spectacular fashion, when ath-and he needed his sibling’s help. letic-gear maker Under Armour bought MyFitnessPal in February 2015. “I’ve decided to work full time on MyFitnessPal,”Mike told Albert. “So when are you going to quit?” Humble and hungry The thought of leaving a comfortable job and jump- “One of the Haas Defining Principles is to have confi-ing into the great unknown left Lee understandably dence without attitude,” Lee says. “That helped me tonervous, but the chance to team up had always been a see that someone can be a great leader without beingdream for the two siblings. In the end, it was an offer arrogant. It’s one of the themes that we talk about atthat Lee couldn’t refuse. work—being humble and hungry—which also happens to be the name of the cafe at Under Armour headquar- The brothers bootstrapped MyFitnessPal for more ters in Baltimore.”than two years, living off their savings and the emotion-al support of their family, who understood at holiday People who know Lee, such as former classmategatherings when the brothers huddled in a corner talk- Marybeth Thomson, MBA 04, say it’s an attribute thating strategy. informs his management approach. Thomson, who joined MyFitnessPal four years ago, says Lee’s unas- But every second was precious. It was 2009 and the suming mien is part of someone who “doesn’t seek orLees needed to scale the business to keep pace with the need glory—just someone making smart decisions andbreathtaking changes taking place in the technology getting it done.”market. Apple had launched the iPhone in 2007, followeda year later by the second version of the phone as well as Lee joked that when a representative from Haasthe App Store. In October 2008, the first Android-pow- called to notify him that he was one of this year’s awardered smartphone had hit the market and use of smart- winners, he wondered whether they had phoned thephone apps soared. MyFitnessPal started off as a website, right person.but the brothers saw an opportunity to transition it tomobile devices. One of Lee’s first roles was as the prod- “I was really humbled and hope that I can do theuct manager for the iPhone app. Besides writing all of the award justice,” Lee says. “So many of my Haas class-specs and wireframes, he also worked with a designer mates have helped me along the way—probably moreto create the screens, then collaborated with his brother than they know. I have a lot of people to thank.”and the company’s only engineer to build the app. “Al played an essential role in making the app some-thing millions of people still love and use every day,”Mike Lee says. By the end of their first year working together, thebrothers launched a mobile version of MyFitnessPal for Fall 2016 17

In the BackYour Haas NetworkCONFIDENCE WITHOUT ATTITUDETrailblazing AdvocateSilicon Valley Exec champions womenand young entrepreneursKira Makagon, MBA 96EVP, Innovation, RingCentralBelmont, Calif.Earlier this year, when Newsweek crowned seven white males “The PHOTOGRAPH BY NOAH BERGERFounding Fathers of Silicon Valley,” Kira Makagon sighed—then wentto work setting the record straight. In an impassioned rebuttal in TheHuffington Post, Makagon wrote the “fallacies are glaring.” What, sheasked, about the valley’s many “Founding Mothers”? She then identifiedfive worthy contenders. “Yes, the tech world is mostly men and yes, the founders of most largecompanies are men,” Makagon said in a recent interview. “But I don’tknow if Facebook would be Facebook without [COO] Sheryl Sandberg.” The reaction wasn’t unexpected from Silicon Valley insiderMakagon. By day she serves as executive vice president of innovationat RingCentral, a Belmont, Calif.-based provider of cloud-basedcommunication and collaboration software with over $300 millionin revenues and over 350,000 customers. Off the clock, she’s a fierceadvocate for women and young entrepreneurs as a frequent publicspeaker and blogger on LinkedIn, Huffington Post, and elsewhere.Popular topics include flexible workplaces, unconscious bias in hiring,and advice for female CEOs on how to avoid the “glass cliff.” Makagon herself is a model of a strong female rising through thetech-sector ranks. In her late 20s, then a single mother working full-time while attending Haas at night, Makagon fully understood theobstacles women face. “I was nervous about leaving work to take myson to the doctor,” says Makagon, who was vice president of productdevelopment for Scopus Technology. She credits two senior executiveswith coaching her through the challenges—and inspiring her to dothe same as she pursued her dreams of starting her own company.Makagon has co-founded three companies, including Octane Software,a CRM provider that sold for $3.2 billion in 2000, and Red Aril, a real-time brand management platform acquired by a Hearst-owned digitalmarketing agency in 2011. Today, Makagon sees technology as leveling the playing field forwomen—and men. “I often hear men say, ‘I have to go to my child’ssoccer game. I’ll be online at 8:00 p.m.,’” says Makagon. “They couldn’tdo that before.” At RingCentral, which she joined in 2012, Makagon overseesworldwide products, R&D and operations, and a global staff ofsome 800 people. Last year she was instrumental in the company’sexpansion from voice and video-based communications into broadercollaboration services through the acquisition of Glip, a strategy thathelped land numerous new customers. RingCentral has also landedfor two years running on a high-profile Gartner list of top innovativecompanies in its space. The key to her success, says Makagon, who’s been named one of the“Most Influential Women in Business” in 2015 and 2016 by the SanFrancisco Business Times, is her ability to think like an entrepreneurwhile valuing the processes and standards a large organization likeRingCentral needs. “You have to split your brain into two,” she says. How does her gender help her do that? “There’s an emotionalintelligence and an ability to adapt that women have,” says Makagon.“We don’t always need to be heroes.” —Krysten Crawford18 BerkeleyHaas

In the BackEntrepreneur and tech exec A Win for and nursing rooms studied film at UCLAKira Makagon, MBA 96, is a fierce Women installed in NetSuite’s and then, at 22, becameadvocate for women and young U.S. offices. As well, by executive producer ofentrepreneurs as a frequent JoAnne Taylor, the close of 2015, women Luckytown, a movie star-public speaker and blogger. BCEMBA 06 composed 24 percent of ring Kirsten Dunst and Global Senior Director, NetSuite’s leadership James Caan. Three years Human Resources, positions, up from 20 later he enrolled at Haas, NetSuite, San Mateo, Calif. percent in 2014. afterwards taking a job with Industry Entertain- As global senior director Taylor credits her ment, a management and of human resources at education at Haas for production company. NetSuite, JoAnne Taylor giving her the tools to was dismayed by the dis- jumpstart her success in He worked his way parity of men and women high tech. up to executive vice in company leadership president of television, positions. In 2013, “When I graduated where he helped pioneer women constituted 34 from Haas, I was at the a straight-to-primetime percent of NetSuite midpoint in my career TV production model. employees but less than in HR,” she says. “I went With that model, he sold 10 percent of company back to school because an anthology series, leadership—sadly I believed in the whole “Masters of Horror,” to common in the high-tech concept of business HR. Showtime; it won Emmy world. If I wasn’t speaking the Awards. A similar series, language at the table, “Masters of Science Fic- In response, Taylor how could I be invited tion,” on ABC, was also helped found Women in to the table? Ever since Emmy-nominated. NetSuite (WIN), a getting my degree, I feel grassroots group of both like my career has taken In 2008, Hollywood Re- men and women off.” —MR porter named Goldworm dedicated to achieving to its “Next Gen” list of 35 gender equity in high- Off Script executives under the age tech leadership. Taylor’s of 35 to watch. WIN encourages women Adam Goldworm, to pursue leadership MBA 03 Today, Goldworm positions by focusing on Founder, Aperture represents some 30 recruitment, mentorship, Entertainment writers and directors and education, and network- West Hollywood, Calif. oversees about a dozen ing. WIN holds monthly active movie projects. trainings on topics such Much about Adam Gold- as negotiation, address- worm screams Hollywood He is currently in ing unconscious bias, and hotshot. He produced postproduction on the financial planning for his first movie at age 22. film adaptation of the women. He’s developed TV shows, award-winning graphic independent films, and novel My Friend Dahmer. Within a year, the big-budget flicks featuring In 2014, he ventured into group has over a dozen the likes of Robert DeNiro theater production with chapters worldwide and and Bruce Willis. He’s the Taste, an award-winning has achieved tangible manager for a bevy of A- dramatization of a true results, including a new list writers and directors. story about a German company program man who agrees to be offering 16 weeks’ The one Tinseltown trait killed then eaten. maternity leave for a new that Goldworm’s missing? birth, leave for new Attitude—of the megalo- At the show’s L.A. fathers and adoptions, maniacal kind. premiere, Goldworm stationed a German sau- The New Jersey native sage food truck outside the theater, a nod to the show’s cannibalism. “For me, the joy is that I get to do something different every day and impact the business in non- traditional ways,” says Goldworm.“I find ways to keep it exciting and interesting.” —KC Fall 2016 19

In the BackYour Haas NetworkMission Critical recruited to Plum in 2012 entrepreneurship com- Steven Lam’s GoGoVan delivery service as its first mission team petitions, both of which now employs 350 people and servesVictoria Fiore, MBA 12 hire. A year later, she helped me get a better Hong Kong and five Asian countries.Director, Brand Strategy & launched the company’s sense of business,” heMission, Plum Organics Full Effect Program, says. “I went from being PHOTO COURTESY GOGOVANEmeryville, Calif. which has donated nearly a pure techie to being 12 million meals to someone who can seeVictoria Fiore was a young low-income families. the bigger picture—thecollege student when she She also oversees forest and the trees.”audited a lecture on partnerships with severalnonprofit management. nonprofits and ad hoc, The combination hasShe didn’t know anything employee-created served him well through-about business, but she initiatives, including a out his career. In Sep-knew enough to think, 2014 decision to do a tember, Venkataraman“Why are businesses special run of 5,000 became CTO at mar-perceived as either evil pouches of a discontin- keting consulting firmcorporations trying to ued cereal because it EverString. Previously, hescrew the consumer or was one of the few foods served as chief scientistdo-gooders making the a young cancer patient at Marketo and as a dis-best products but always could eat. tinguished engineer atlosing money? There has IBM, where he managedto be a middle ground.” “Nobody says,‘Wait, that company’s Big Data we don’t have the money and analytics platform. There is—and Fiore to do this,’” says Fiore. And he’s worked in vari-found it as the director of “Everybody, including the ous leadership capaci-brand strategy and mis- leadership, knows we’re ties at a variety of othersion at Plum Organics, in the business to help. firms, including Remedy,the Emeryville, Calif.- And that’s what we’re Outride, Yodlee, andbased maker of organic going to do.” —KC Epiphany.foods for babies, tots, andkids and a subsidiary of Valuable At EverString, Ven-the Campbell Soup Com- Vantage Point kataraman is helping ap-pany. In her dual roles, ply machine learning toFiore oversees brand Shankar Venkataraman, marketing to help betterstrategy while ensuring MBA 00 understand customers.that Plum is a “force for Chief Technology Officer, “We’re trying to get to thegood in the business EverString point where we market-world.” It’s a commitment San Mateo, Calif. ers and salespeople canthat led Plum to structure create ‘play lists’ of leadsitself as a benefit corpo- As an engineer with and opportunities simi-ration and to earn certi- considerable tech skills lar to the way you get thefication as a B Corp. Both and an MBA, Shankar music you’re seeking ondesignations formally Venkataraman takes a Pandora,” he says.signal that social and comprehensive view ofenvironmental sustain- business. And he credits Fully knowing one’sability are as important his time at Haas as a target market means tog-as profits to Plum’s long- crucial part of develop- gling between macro andterm strategy. ing this capacity. micro, between industry trends and individual Fiore is a former “At Haas I got expo- customer needs, a chal-Deloitte consultant who sure to classmates who lenge when somethingalso worked in microfi- were on the product needs to change, Ven-nance in India before management side and a kataraman says. But theattending Haas. She was chance to participate in skills he gained at Haas give him the confidence to solve any problem. “If you get too comfort- able, you’ve got to find a way to make things un- comfortable—because innovation comes from the need to seek order from disorder,” he says. “The ability to be flexible keeps us creative.” —KMY20 BerkeleyHaas

In the Back QUESTION THE STATUS QUOThe Power ofPerseveranceAlum’s on-demand delivery servicetakes offSteven Lam, BS 10Co-founder and CEO, GoGoVanHong Kong, PRCSteven Lam doesn’t discourage easily. In fact, he enjoys a goodchallenge. Because of his perseverance, his Hong Kong-based,on-demand delivery and transportation company, GoGoVan, isa successful venture, with 350 employees and service in China,Taiwan, Singapore, South Korea, and India, as well as Hong Kong. “It’s easy to start a business, but sustaining it is another story,”Lam says. “Haas helped me develop that ability to just keep going,even when things don’t seem to be working out right away.” Lam grew up in government housing in Hong Kong. Hisparents assumed he would follow in his father’s footsteps andbecome a construction worker, but after a visit to his uncle in2005, Lam wasn’t so sure. “My uncle sent us all tickets to visit him in Los Angeles,”Lam says. “My parents were talking about how they didn’t havethe money to send me to the U.S., but my uncle said, ‘I came tothe States with $20 in my pocket—why does he need a bunch ofmoney to come here?’ I realized he was right and decided to takea chance.” In October of that year, Lam came to California on his own andenrolled in Diablo Valley College in Pleasant Hill—because of itsreputation for a high transfer rate to Berkeley, he says. His unclehelped him find work at a Chinese restaurant owned by a familyfriend, but Lam also put together a variety of small businessventures, including repairing bikes and computers and resellingfirst-generation iPhones on eBay. The money he earned coveredhis two years of community college, and, once he transferred toUC Berkeley, it covered his tuition there as well. The idea for GoGoVan came from a business Lam launchedwhen he returned to Hong Kong after graduation. Workingfor the restaurant in the U.S., he’d delivered countless orders,all packaged in cardboard takeout boxes printed with therestaurant’s information. But in Hong Kong, restaurants usedStyrofoam containers that wouldn’t take printing. So Lam boughta bunch of the boxes and offered delivery services to restaurants,using stickers to customize the containers for them. Since he didn’t have the money to buy his own delivery truck,he had to use a call center to arrange deliveries—an inefficientsystem vulnerable to delays. So Lam and two friends foundedGoGoVan in 2013. A mobile app matches customers with a vanand driver for deliveries or transportation. Drivers can set theirown fees and schedules. Lam’s takeaway? What he learned at Haas consolidated hisconviction that entrepreneurship demands perseverance—anddaring, he says. “Our defining principle Question the Status Quo really meansdare to venture,” he says. “Berkeley gave me the tools to start acompany that disrupts business as usual—and solves a real-worldproblem.” —Kate Madden Yee Fall 2016 21

In the BackInvesting in Our FutureB e yo n d Yo u r s e l fFunding OpportunityHaas couple makes planned gift to helpstudents graduate with less debtFrom undergraduate scholarships and graduate fellowships to faculty PHOTOGRAPH BY JIM BLOCKchairs and research, planned giving supports a range of Haas activitiesthat benefits new generations of business leaders. Jim Huhn, BS 52, and Betty Riley Huhn, BS 50, of Carmichael,California, are honoring their time at Berkeley-Haas by committing a$2 million planned gift to endow undergraduate scholarships. Fundswill also support a faculty chair in personal finance. After graduatingfrom Berkeley, Jim served in the Navy, then built a career as a certifiedpublic accountant, eventually founding an accountancy partnership.Betty was a claims adjuster for Liberty Mutual Insurance and NewYork Life. Prior to that she worked in Japan for two years for Armyspecial services, the entertainment branch of the U.S. military.BerkeleyHaas spoke with the couple about their generous donation.Why are you making a planned gift to Haas?Jim: We believe in education, and we are extremely proud to begraduates of Haas and the University of California.That helped us in ourcareers. I think how fortunate I was to be able to go to the university, andI believe in helping others. As graduates of the University of California,we had a certain element of prestige.That opened doors.Betty: It’s giving back. Everybody should have an opportunity to goto college, and some of the financial aid requirements are so high forlower-middle-class students. It’s become impossible for them to workand go to school.What do you hope your gift will accomplish?Jim: I primarily supported myself through scholarships, working, andsaving money, so I graduated from college without debt. I recognizethat this is typically not possible today, and I want to help studentshave the same opportunity to get a Haas education without incurringa large debt. We hope that they in turn can provide the sameopportunities to others.Betty:The fact that I was a woman who graduated in 1950 and thatI had a business degree from Haas was instrumental in helping meacquire jobs, and it also was critical to my success. I want the same forothers.You’ve expressed admiration for Haas’ Defining Principles:Questionthe Status Quo, Confidence Without Attitude, Students Always, andBeyond Yourself. How have those principles resonated with you?Betty: They’re extremely critical, especially after this election year. Arewe as good as we possibly can be? It’s important to go forth with yourideas with confidence and with an attitude that you’re going to succeed.And I truly believe that we should always be learning, whether it helpsus in business, socially, or just for ourselves.What advice would you give the next generation of businessleaders?Jim:Act with integrity and pride.Betty: I would tell them to go forth with their ideas and to pursue theirdreams with confidence.—Interview with Andrew Faught22 BerkeleyHaas

In the Back Ramping Up UPCOMING EVENTS haas.berkeley.edu/ Alumnus increases giving as part of the Haas Foundation for alumni/calendar Excellence campaign 3rd Annual WorldJim Huhn, BS 52, and Several years after earning a bachelor’s Angelos Kottas, MBA 08 Open InnovationBetty Riley Huhn, BS 50 degree in computer science and Conference working in venture capital with startups, give back to Haas aligns with Salesforce’s Angelos Kottas, MBA 08, was ready philosophy that the business of business December 15–16, 2016 for a career change. He wanted to stay is to make the world better, making it Barcelona, Spain in tech but move to a product role in easier for him to grow his philanthropy. a large company that allowed him to 18th Annual manage people. Salesforce commits 1 percent of Berkeley-Haas the company’s technology, people, and Celebration in So he entered the Evening & Weekend resources to improve communities Silicon Valley Berkeley MBA Program. around the world and encourages employees to also adopt the same model February 1, 2017 “Haas got me through a career for their own charitable works.To this Atherton/ transition,” says Kottas,“Before Haas, I end, Salesforce offers seven days of Menlo Circus Club was always an individual contributor. annual paid time off for employees to After Haas, I began to nurture talent, take on volunteer work. 15th Annual work with mentors, and manage people. Berkeley-Haas The concepts I learned weren’t abstract— To encourage employee giving, Celebration in I could see them impact my career.” Salesforce, which normally matches San Francisco employee donations up to $2,500 in a Kottas began with product marketing year, will instead match donations up to March 8, 2017 and product management roles at $5,000 if the employee also fulfills seven San Francisco/Gap Inc. Symantec and VMware and now works days of volunteer service (1 percent of as senior director of product marketing their time).To get the full match for Haas, 21st Annual at cloud-computing and CRM company Kottas plans to fulfill his seven-day Women in Salesforce. service commitment by volunteering at Leadership the school. Conference In appreciation of his career- changing experience at Haas, Kottas “Salesforce really is supportive of March 11, 2017 has consistently given back to the volunteer activity,” says Kottas. “It’s Berkeley school every year since he graduated an enormous gift to be able to give and, most recently, committed to 56 hours of volunteer time every year.” Haas Healthcare donate $15,000 over three years to —Mike Rosen Conference Haas’ new Foundation for Excellence (FFE) campaign, which seeks to boost March 17, 2017 leadership-level unrestricted giving to San Francisco the Haas Fund. But that’s only part of the reason for Kottas’ philanthropy. 22nd Annual POWER “As I’ve succeeded in my own life, I’ve Conference on been able to ramp up my support,” says Energy Research Kottas.“I give back because Haas has & Policy played such an important role in my own career and personal life, but also, as state March 24, 2017 and federal funds for education become Berkeley scarcer, it becomes more important to support institutions like Haas.” Reunion Weekend At a breakfast with Dean Rich Lyons April 28–30, 2017 this spring, Kottas was even more Berkeley inspired to donate as he learned about new initiatives at Haas: the Alumni Management, Entrepreneurship, & Conference Technology Program, a collaboration with the College of Engineering that April 29, 2017 will allow top undergrads to graduate Berkeley with degrees in both business and engineering, and the enrollment Remain a Student Always expansion planned once the new North with videos of Berkeley- Academic Building opens in the spring. Haas speakers at insights. haasalumni.org. Kottas’ desire to go beyond himself and Fall 2016 23

In the BackHaas Worldwide Events Haas Homecoming Students AlwaysManaging InnovationThe father of Open Innovation shares his knowledgeCompanies that don’t innovate won’t last, but managing innova- one’s new ideas and in licensing others’ inventions—can helption can be one of the most difficult tasks facing business leaders. companies thrive.So what’s a good model of industrial innovation? At Homecoming,Henry Chesbrough, PhD 97, adjunct professor and faculty One example is Procter & Gamble. Rather than competing withdirector of the Garwood Center for Corporate Innovation, the Clorox Company in the plastic wrap category, P&G sold itsexplored just such a question. seal-on-contact invention to Clorox for a minority share of profits. The result, Press ’n Seal, is now a $1 billion business. Swiffer, also a During the talk, Chesbrough, known as the father of Open billion-dollar business for P&G, came from a licensing agreement withInnovation, showed how being more open—both in sharing Unicharm, a Japanese company that created the cleaning system.24 BerkeleyHaas

In the Back Get involved with an alumni chapter in your area: haas.berkeley.edu/alumni/community/chapters.html Africa Business Forum 1 Tambu Kisoki and Yvette Ankunda, BS 17 2 Co-chairs Remona Moodley and Sadiya Nur, MBA 16s 3 Olivia Anglade, MBA 16, and Serge Ouedraogo, MBA 15 Full-Time MBA Orientation 4 Adrian Williams, Mary Harty, and Mariana Martinez Alarcón,1 2 3 4 all MBA 18s 5 Zachary Garrett, Nonyerem Onyeador, and Yvener Petit, all MBA 18s 6 Faraz Bala, MBA 18, and Nikita Mitchell, MBA 15 7 Kristin Groos Richmond, MBA 06 Haas Volunteer Conference 8 Chapter of the Year (Silicon Val- ley) winners Victor Adint, MBA 98,5 6 7 8 and Abha Bhagat, MBA 10, with Dean Rich Lyons, BS 82 9 East Bay Chapter Co-Pres. Steve Wood, BS 66, MBA 67 10 Former Los Angeles Chapter President Natalie Alchadeff 11 Boston Chapter President Dan Parker, MBA 11 Homecoming 12 Kelly Bo, BS 17, Chris LaFerla, BS 17, and Divya Saha, BA 18 (Econ.)9 10 11 12 13 Emily, MBA 08, and Andrew Walling 14 Dan Asera, BS 69 15 Faris Natour and Robert Strand of the Center for Responsible Business Dean’s Speaker Series 16 Deborah Hopkins, chief inno- vation officer, Citigroup & CEO, Citi Ventures 17 Bob Shanks, EVP and CFO,13 14 15 16 Ford Motor Company 18 Christie Smith, managing principal, Deloitte University Leadership Center for Inclusion Haas Sacramento Alumni Chapter Event 19 Craig Mitchell, BS 92;Steve Rick- etts, MBA 69;and John Krizman 20 Shaoching Bishop, BS 97, and Will Boeger, MBA 83 21 Brian Miller, MBA 07; Pankaj Pathak, MBA 19; and Brent17 18 19 20 Haapanen, MBA 13 Hong Kong Mixer 22 Richard Ann, MBA 03;James Man, MBA 03; Han Feung, MBA 03; David Richardson; and Alan Y.C. Cheng, BS 13 East Bay Chapter Social Media Event 23 Barbara Jordan and Orion Parrott, EMBA 1421 22 23 24 24 Ron Tallia, MBA 93;Jon Moreno, MBA 14;and Kathleen Kish Fall 2016 25

In the BackHaas Alumni NotesALUMNI NEWS Accolades UNDERGRADUATE BEARS! The Wood family has provided four track- ranking notes the most 1950 and-field scholarships influential young people Paul McKnight and Mimi each year over the past in business. Underwood Knox led the class council nine years. I completed was noted for her software to the Department of my degree in business development skills. She Anthropology to see the administration in 1963, helped triple the number famous Phoebe Hearst’s so my only Haas experi- of Slack’s active users treasures, which will be ence has been numerous to 3 million in her first displayed in public in visits to the fabulous year and has a vision that 2017 for the first time campus.” involves an $80 million in decades.“Many mayLisa M. Jones, BS 85 fund to invest in software Mark Sievers, MBA 83 remember some were 1977 startups that complement stored in the basement Susan (Napper) Camp-Guaranteeing Slack’s offerings. As well, competitions since 2009. of Hearst women’s gym bell, Sonora, Calif.,Better Lives she co-founded #Angels, In 2013, it was named as and pool,” Paul writes. reports,“After working 23 an all-female team of in- one of the best olive oil “We encourage alums to years, in 2000 I becameLisa M. Jones, BS 85, vestors, in her spare time. producers in the world at check out the new gallery a full-time stay-at-homeprogram manager at the the New York International in Kroeber Hall, to open mom. My son, Michael,Department of the Trea- Catherine Atzen, BCEMBA 07 Olive Oil Competition. early next year. graduated in June 2016sury, received a Samuel from UCSB. My daughter,J. Heyman Service to Cover Story Trevor Traina, MBA 96 “Our class is looking Kathryn, is a junior in highAmerica Medal in the Citi- for a reunion venue for school.zen Services category. The Catherine Atzen, Leading the two years from now. Startaward celebrates Jones’ BCEMBA 07, the founder Experience planning for a spectacu- “My husband, Craigefforts to help low-income of ATZEN Superior to Economy lar get-together. You will (who retired in 2001), andcommunities gain access Organic Skin Care, was be getting details down I spent five weeks thisto investment capital recently featured on the Trevor Traina, MBA 96, the road.” summer with our childrenthrough a long-term bond cover of Dermascope founder and CEO of If- 1952 in England and had aguarantee program—at Magazine, a leading Only, received a 2016 San George Tucker. See MBA fabulous time in London,no cost to taxpayers. aesthetics and skin care Francisco Business Times 1956. Bath, the North Lake Dis-Since 2013, the program periodical. Atzen was rec- Tech & Innovation Award, 1963 trict, Brighton, and Oxford.has made available $852 ognized as a legend for her which honors entrepre- It was exciting to get first-million in loans to finance decades of contributions neurs who are providing Michael B. Wood, BS 63 hand news of the politicalsmall businesses, afford- to the field. She’s had a high-tech solutions to real- upheaval as we were thereable rental housing, day- successful career as a skin world problems. IfOnly, Michael Wood, Honolulu, during the Brexit votecare centers, senior living care entrepreneur and is a marketplace to buy and writes “75 and still active and subsequent resigna-facilities, charter schools, credited with coining the sell unique experiences, and successful in my tion of several key partyand healthcare facilities. term “day spa.” often with local experts, commercial real estate members.” was honored for blazing development careerApril Underwood, MBA 07 California’s Best a path in the “experience with projects including 1981 economy.” Each experi- shopping centers, office Emily Wu, Los Altos,Alumna with Il Fiorello olive oil com- ence or product IfOnly buildings, assisted living, Calif., writes,“It is hardInfluence pany, owned by Mark sells benefits a charitable and self-storage. to believe that I have Sievers, MBA 83, was cause. Since its incep- come full circle withApril Underwood, MBA awarded the Best of Cali- tion, IfOnly has expanded “Wife Joanne and I the last of my two kids07, VP of product at work- fornia award for its olive beyond the Bay Area to have completed our 53rd successfully launchedplace collaboration plat- oil at the California State Los Angeles, New York, year in Honolulu and in tech and constructionform Slack, was named Fair. The award is one of Boston, and Mexico. have been able to travel management—sadlyto Fortune’s 40 Under 40 more than 60 local and in- extensively the past 15 not Cal alumni. I am thelist for 2016. The annual ternational accolades the years. We celebrated our development manager company has received in 55th anniversary with for the National Alliance family in Sydney, Austra- on Mental Illness, Santa lia, watching Cal beat the Clara. We provide free University of Hawaii. GO classes, presentations, support groups, and information to individuals and families coping with mental illness. 1982 Our Defining Principles Mark Rosen- thal, Pacific Question the Palisades, Ca- Status Quo lif., updates as follows:“I am CEO of Raleigh Enterprises, employing a staff of approximately 500. Its di- verse businesses include26 BerkeleyHaas

In the Back View a map of Berkeley-Haas in Wine Country: haas.berkeley.edu/groups/alumni/community/winemap.html Prague and Croatia. Our oldest daughter Ashley graduated from UCLA and is excelling at LinkedIn in San Francisco. Empty nesters with all our kids in the Bay Area, we are enjoying frequent visits to Cal. We would like to come back in our next lifetime as our kids!”Emily Wu, BS 81, and family with Cal, I hosted an 1986 Nathan Tung, Linnet Kwok, BS 88, and Nicholas Tung event on October 19 for Michael Tamaru, Palothe Sunset Marquis Hotel the physics and paleon- Alto, Calif., writes,“Having Linnet Kwok, Shanghai, 2017. Weston has beenand Villas, File Keepers, tology departments at held executive roles in reports,“Just celebrated serving as president andMalibu Hills Vineyards, our studio in Hollywood.” consumer tech the past five-year anniversary Chief Merchant of theHollywood Rentals, and 20 years, I set up my own as the China GM with company, responsible forRaleigh Film and Televi- 1983 consulting firm helping Alexander Mann driving Petco’s overallsion Studios. Since its Mitch Rosenberg, startups in the wearable Solutions, a global talent business strategy, opera-inception in 1955, the Thousand Oaks, Calif., tech, IoT, and consumer acquisition and manage- tions, and merchandisingcompany has purchased, reports, “I recently fin- hardware space scale up ment firm. As part of our activities, as well asdeveloped, managed, ished my 30th year as an in terms of go-to-market, strategic investment, marketing and e-com-and owned more than 10 insurance and financial supply chain, back-office we recently moved our merce. Prior to joiningmillion square feet of real advisor in Thousand processes, and fund- China operations to a Petco, he held seniorestate, including high- Oaks. I just finished my raising. Currently, I split state-of-the-art sourcing leadership roles at Dick’srise and low-rise office term as president of the my time between San center to accommodate Sporting Goods, Maybuildings, luxury hotels, Conejo Valley Estate Francisco and Palo Alto, future growth. Merchandising Company,commercial shopping Planning Council and with six startups.” and Robinsons-May.centers, movie and televi- was recognized as one of 1988 “Almost 14 years insion studio complexes, three ‘Trusted Advisors’ Shanghai. Just sent the 1993industrial developments, in my field by the San Chris Carvalho, BS 88, with his youngest to college: Jose Henriquez, Pinole,and residential apart- Fernando Valley Busi- oldest, Matthew, who recently Empty nest begins (both Calif., notes, “I am aments. We have also over- ness Journal. joined the ranks of Boy Scout boys attend the Univer- 17-year banker workingseen the development of Eagle Scouts. sity of Colorado, in commercial banking,more film studios around “I am very proud of my Boulder). Elected as vice currently as a loanthe globe than any other Golden Bear twins, Andy president of the Rotary team manager. I lovecompany. Our last studio and Paige, Class of 2018. Club of Shanghai. banking due to theconsulting engagement Paige is in the College Looking to return to the exposure to so manywas for the largest prop- of Natural Resources Bay Area next year. If businesses, industries,erty company in China, and Andy just started anyone needs to hire an and business owners/the Wanda Group. at Haas and is following operations professional, visions. I earned my MBA in my footsteps! They let me know.” many years ago, but it “Travels this summer both spent the summer Brad Weston will become remains a great accom-took us to the Galapagos, at the London School of Petco’s CEO on Feb. 1, plishment for me.”Machu Picchu, Nantuck- Economics and joinedet, and Lake Muskoka us on an amazing trip to(120 miles north of Toron-to). Recently re-engaged Chris Car- Our Defining valho, San Principles Rafael, Calif., Question the announces, Status Quo “After stepping down as COO of Kabam a couple of years ago, I have been working at SkyDeck and with several startups in the gaming industry. Most recently, I was appointed to the board of directors of ROBLOX, a gaming platform with 20 million monthly users, and G5 Entertainment, a mobilePapa Bear Mitch Rosenberg, BS 83, Mama Bear Melanie, Cubs gaming company.”Paige, Andy, and Ashley Jose Henriquez, BS 93, with his family Fall 2016 27

In the BackHaas Alumni NotesUndergraduate further build on my billion property portfolio 2014cont. marketing career working located in Hong Kong Stephanie Tran still for MUFG Union Bank and Shanghai. At the works on the MoPubJoel S. Smith, BS 93 based in San Francisco. celebration party, ran team at Twitter HQ in My husband, Travis into Michael Jordan and San Francisco and beganJoel S. Smith, Concord, Darrow, BA 98 (Political played billiards with him volunteering with theCalif., writes,“Opened up Science), joined a Palo in Lan Kwai Fong. Made Bay Area chapter of Girlsmy own CPA firm in 2012. Alto pre-IPO company two trips to visit NGOs: on the Run.Finished my master’s in funded by Goldman Cambodia and Guang-taxation in 2014. Had a Sachs, Sageview, and zhou, China. Raised over Michael Midling, BS 12 2015daughter in 2009.” Kleiner Perkins focused US$15,000, performed Jae Kim reports the1999 on governance, risk, and on-the-ground due for Instagram’s data following: “I recentlyMike French, Alexandria, compliance software, diligence on selected science team—my first began working as aVa., is NASA’s chief of based. NGOs, and then allocated move out of the Bay Area basketball data analyststaff in Washington, D.C. donations to them. Learn- since graduation! Going for the L.A. Lakers. I tookMike lives in Virginia with “We had the fortu- ing philanthropy as a to Haas, and Berkeley two UGBA 196 courses,his wife and two kids. nate opportunity to play process; as a philosophy.” in general, really taught both sports management leadership roles with me the importance of courses, at Haas. One forKaylin Darrow (6), Tricia Tran, Berkeley chapter clubs in 2011 continuous learning. college sports and oneBS 99, and Thai Elephant Asia. Living and working Daniel Chun, Los Angeles, Taking online courses, for professional sports. abroad was fantastic, updates as follows:“After evening classes, and so One was taught by SollyTricia Tran, Burlingame, and we could not imagine five amazing years at on helped me shape my Fulp, one of the bestCalif., writes,“Hello Haas a better place than the DreamWorks Anima- career. Looking forward to teachers I have ever met.Friends! After many Bay Area near our family, tion, I recently joined the reconnecting with Haas He became my best men-amazing years in Asia friends, and the Haas communications team friends in New York!” tor. I didn’t have anyworking in regional network to follow our at NBC Entertainment 2013 connections in the sportsmarketing roles for Credit experience! I look forward as manager of corporate industry, but Solly andSuisse, JPMorgan, and to reconnecting and see- communications. I am many guest speakers ofBarclays in Hong Kong ing you all more now that thrilled to be working at the two classes openedand Singapore, I am we are back and living in America’s first broadcast the door for me. Thanksexcited to return home Burlingame.” network and home to to them, I learned howwith my husband and some of today’s most the sports market worksdaughter to the Bay Area 2001 popular series, including and could meet greatthis year. I am delighted to Walter Chun was named The Blacklist, The Voice, sports figures including new head coach of the The Tonight Show Star- Cuonzo Martin, head Cal men’s golf team. Chun ring Jimmy Fallon, and coach of Cal men’s has been with the team Saturday Night Live. As a basketball. As a result, I for 19 seasons, including theater fan, I’m particu- worked as analytics the past seven as associ- larly excited for this De- manager at Cal men’s ate head coach. cember’s live broadcast basketball for the of Hairspray Live!” 2015-16 season. What I 2005 learned at the two sports Amy Chou, Oakland, Calif. 2012 management courses See MBA 2016. Michael Midling, San offered at Haas and my Francisco, reports,“For experiences at Cal 2009 Our Defining the past two years, I’ve Adnan Rajkotwala, BS 13 Basketball were the key Richard Zen, Principles been working in the for me to become the Hong Kong, Confidence analytics org at Face- first South Korean native reports, without book. Next month, I’ll be to work for a NBA team’s “Closed the Attitude moving to N.Y.C. to work front office.” sale on a US$2 Adnan Our Defining MBA Rajkotwala Principles 1956 announces, “I Confidence George Tucker is retired just completed without in San Leandro, Calif., my master’s Attitude and writes “just to let everyone know I am alive of management and kicking. I volunteer (finance) from the Univer- at the California Senior sity of Melbourne. Now Legislature, a legisla- I’m working at Deloitte tive advocacy group for Consulting in Melbourne senior citizens, serving with its strategy and as a senior assembly operations practice. I was member representing very excited to attend the Alameda County, and also Cal-Hawaii football game held in Sydney on August 26th! A whole group of Cal alumni made it a lot of fun!” Richard Zen, BS 09, chatting with Michael Jordan28 BerkeleyHaas

In the Back Save the date: Reunion Weekend, April 28–30, 2017with SCORE (Senior Corps how to develop a soundof Retired Executives), exit strategy for the even-where I counsel indi- tual sale of their company.viduals going into small The seven essential stepsbusiness. I am vice chair describe concisely howof my neighborhood to improve your value,improvement association reduce your risks, prepareand have been married for an unsolicited offer,to the same sweetheart and assess the nature ofsince 1958. We have strategic value. A soundthree children and nine strategy improves thegrandchildren. My princi- probability of makingpal pastimes are playing a successful exit whilebridge and gardening.” obtaining the maximum price. The book addresses1971 Joe Carlson, MBA 77, wearing important issues such Jeff Fearn, MBA 83; Emmy Fearn, MBA 80; Dria Fearn; and the El Paso County Homeless as the optimal time to Jonathan Fearn Veterans Coalition shirt sell and the top 10 seller mistakes. It presents a Joseph Carlson, Our Defining succinct summary of (new special education managing the volunteers Monument, Principles the process for selling teachers) at CSU East who feed our 1,000 WES Colo., vol- Confidence a company and advice Bay, all while supervis- volunteers who work in unteers with without about transaction struc- ing special education our warehouse through- the El Paso Attitude tures, confidentiality, due intern teachers in their out the year and during diligence, hiring the right classrooms. She writes, the public sale period. My County Home- advisors, and eight M&A “I’m also a member of husband, Jeff, MBA 83, less Veterans Coalition myths. the Oakland Museum and a CPA, now retired, (EPCHVC) where he is Women’s Board and of its daughter Dria, and son now chairman of its Marketing Committee, Jonathan (a software board. He writes,“The EP- 1980 working with the media developer), are also White Our Defining to promote the White Elephant Sale volunteers. CHVC conducts a ‘Stand Emmy Fearn, Principles Elephant Sale, which Dria, an attorney working Down’ and a Transitional Oakland, Calif., Students earned more than $2.1 for a federal judge, is also Housing Initiative (THI) teaches under- Always million in 2016. Also chair a member of the museumRobert V. Caruso,MBA71 in the Colorado Springs the WES Volunteer Cafe, board.” grads at SFSURobert Caruso, area that will assist an and grad studentsSan Leandro, Our Defining estimated 275 homeless PrinciplesCalif., is presi- Question the veterans with goods anddent of the Status Quo services at the OctoberJohn Benjamin 18 Stand Down and tem- Congrats,Company, dedicated to the porarily provides shelter, Silicondevelopment of Bay Area meals, and services to 10 Valley!residential and commer- homeless family units forcial projects, specializing 30 days.” Berkeley-Haasin development of in-fill Alumni Network’shousing maximizing ROI 1979 Chapter of the Yearon small spaces. He iscurrently working on The Silicon Valleyentitlements for a six-unit Chapter is committed toresidential property in SanLeandro and a 24-unit bringing the classroom toapartment project in San the community, connectingLorenzo, Calif. students with alumni, and leading locally by example.1972 45th Reunion With over 6,500 alumni in theApril 28–30, 2017 Valley, the chapter consistently offers varied events serving1976 Tom Metz, MBA 79 a diverse set of interests andJoe Garrett, Berkeley, needs. In 2016, they launchedCalif., was just appointed Tom Metz, Seattle, has an inaugural career fair forto a three-year term on written a new book titled veterans and establishedthe National Advisory Perfect Your Exit Strat- the William Ledeen BeyondCouncil of Cal’s Institute egy: 7 Steps to Maximum Self Award, which honors theof Governmental Studies. Value. The book advises late Bill Ledeen, MBA 86, entrepreneurs, CEOs, and a longtime volunteer. 1977 40th Reunion business owners about April 28–30, 2017 Fall 2016 29

In the BackHaas Alumni NotesMBA cont. International Flying Eye business—it has been Hospital. ORBIS, a non- an exciting ride as we ap- 1982 35th Reunion profit humanitarian or- proach our third anniver- April 28–30, 2017 ganization dedicated to sary. We have a wonder- saving sight worldwide, ful portfolio of Fortune operates a fully equipped 200 clients in our major mobile teaching hospital Midwestern markets and offering sight-saving a strong track record for medical services in the service delivery. I just fight against preventable presented my second we- blindness. SIE provided binar for the international the engineering design, organization for IT Audit, certification services, Information Security, supply chain manage- and IT GRC professionals ment, and overall pro- (ISACA) with live atten- gram management for dance of nearly 900 for ORBIS’s next-generation Mark Berger, MBA 83 (standing), sailing on San Francisco Bay each webinar. Flying Eye Hospital, an during a Class of 83 mini-reunion with Captain David Heindel and “My itinerant and MD-10-30 aircraft gener- crewmates Dana Krelle and Dave Dent ever-adventurous ously donated by the husband, Dr. Andy Sih, FedEx Corporation. Dent sailing on San Fran- the bay; think of it as the has had scientific col- cisco Bay. Wife Madeline old Bear’s Lair on water! laborations in England 1983 and daughter Kelsey Captain Dave is always and Australia this year, crewed and skippered looking for people to which allowed for greatJohn Courtright, MBA 82 Mark Berger, Our Defining the boat. Winds reached provide ballast and adult vacations in Cornwall Menlo Park, Principles a formidable 25+ knots, beverages on weekends and Queensland. The kids which helped to blow or even some weekdays are all out and about.John Courtright, Calif., reports: Question the away the hot air from the for those with flexible Rocker stepson is livingRedmond, Our Defining “On July 1, the Status Quo many career tall tales and schedules.” the life of the successfulWash., reports Principles reviews of the current po- Ellen (Swanberg) musician and DJ in N.Y.C.that his firm, Beyond MBA Class of litical headwinds. Looking O’Connor, Santa Rosa, and touring the music Yourself 1983 held a mini- forward to future MBA Calif., published “The festivals in Europe withSIE, completed reunion with Captain class reunions sailing on Test of Time: Historical Kelela. Our middle son,the systems David Heindel and who served in the USMC,integration and engi- crewmates Dana Krelle, is a junior at Cal this yearneering for the ORBIS Mark Berger, and Dave studying marine science and dreaming of doing Perspectives on Man- research in Oceania. agement Education My daughter is an art Reform in the U.S.” in The director in Los Angeles Routledge Companion to working with a variety of The Berkeley-Haas Reinventing Management fashion clients, including Education. Lululemon, after having Social Impact Collective been a senior creative manager at TOMS.” provides insight at 1984 Brian Shefts, Oakland, Calif., writes,“It has been the intersection of Caitlin McGaw, Our Defining eight years since leav- values and evidence to Davis, Calif., Principles ing the tech and media help members solve the problems they care reports, “Mak- Beyond most about in strategic ing the big leap Yourself effective ways. to start up a boutique execu- tive search firm in late 2013 after 16 years in theLEVERAGE YOUR WEALTH FOR SOCIAL IMPACTsocialimpactcollective.org The Collective is now accepting applications for our March 2017 Discovery Weekend in Half Moon Bay, California. Andy Sih and Caitlin McGaw, MBA 84, at Melbourne Cup Day, 201530 BerkeleyHaas

In the Back Check out the Berkeley-Haas Marketplace for deals from alumni companies: haas.berkeley.edu/groups/alumni/marketplace/world and acquiring Berkeley Law working 1996 Girls Softball League.Boulangerie Solignac, with the student-led pro Kevin Brown, Atherton, How did 20 years pass soan artisanal gourmet bono projects. Calif., announces that quickly!”commercial bakery. We his food tech company,specialize in manufac- 1992 25th Reunion Innit, will partner withturing gourmet frozen April 28–30, 2017 Whirlpool to power smartcroissants and pastries kitchen appliances andfor hotels, resorts, and raise new funding,restaurants around the bringing total backingU.S. About three years to $43 million.ago, we launched a lineof frozen retail pastries. Francesco Rockwood, MBA 93,We are now in indepen- and Susan Rockwood, MBA 89,dent groceries and chain in front of Berkeley Castle instores such as Whole the town of Berkeley, Glouces-Foods, Nugget, Draeger’s, tershire, UKand more across multiplestates. Would be nice tocatch up.”1986 senior living real estate Mohit Sen, MBA 96 projects. This summer, Richard Jones II, MBA 92, with with daughter Sarah Kevin Brown, MBA 96 Mohit Sen is now senior his 10-year-old son, Richard (Class of 2019), Sue and I vice president, client Jones III visited Oxford, Cambridge, Monica Our Defining solutions, at Allant Group. and the Berkeley Castle Stevens, Principles “Still living in Chicago Richard Jones, Oakland, of the Bishop George with my wife, Susan, Calif., writes, “After 16 Berkeley family. Oxford Oakland, Calif., Confidence and Shona, our beloved years at Intel, I decided and Cambridge were nice, celebrated her without golden retriever.” to accept an early retire- but we prefer the vibe of 20th anniver- Attitude ment package, allowing UC Berkeley.” 1997 20th Reunion back-to-back enjoyable sary at Wells Fargo. April 28–30, 2017 summers. Last summer 1994 “From commercial real James Gray, Austin, the family toured France Koji Asada, New York, estate lending, to Texas, reports, “In June I (watched the Tour De has been appointed recruiting, to syndica- made a transition fromPaul DeMuro, MBA 86 France) and Australia chief of staff at MUFG tions, to global banking, Microsoft to a startup (Sydney and Melbourne). Americas Holdings and and a few stops in here in Austin, leadingPaul DeMuro, PhD, JD, While in Sydney I saw MUFG Union Bank, and is between, it’s been a the data engineeringFort Lauderdale, Fla., of fellow classmate Mike responsible for the plan- fabulous ride!” she team at Civitas Learning.counsel in the Fort Lau- Baldwin. This sum- ning management of the writes. “Got married, my Our mission is to partnerderdale office of Broad mer we spent time in bank’s business through- baby girl is now a ‘tween’ with leading colleges andand Cassel, was named Connecticut and Texas out the Americas, includ- at Redwood Day. Still universities to helpassociate professor, visiting family. When ing the U.S., Canada, and very connected to Haas students learn well andDepartment of Sociobe- not traveling, my son Latin America.“This is my and am honored to serve finish strong. Civitas ishavioral and Administra- and I were competing in return to N.Y.C. after two as the chair of the powered by data science;tive Pharmacy, College of bicycle races. As part of and a half years of en- Alumni Diversity Council. my role is leveragingPharmacy at Nova South- my retirement pack- gagement at BTMU Cana- Lots of weekends spent the data science skillseastern University. He age, Intel will pay me to da as president and CEO,” volunteering for Oaklandalso joined the voluntary volunteer at a nonprofit he writes.“I am excited tofaculty at the University for one year, so I’m look- be back in the States in aof Miami. ing for tech nonprofits in more challenging banking the Oakland area serving environment, with many 1987 30th Reunion inner-city kids.” more opportunities. April 28–30, 2017 ‘Questioning the Status 1993 Quo’ will continue to be my important principle in1990 Francesco Our Defining this new challenge.” Rockwood, Principles Michael Garrow, Akwe-Kathi Pugh, JD, Our Defining Orinda, Calif., Students sasne, N.Y., became CFOof Berkeley, Principles reports, “It has Always for the Saint Regis Mo- hawk Tribe in Akwesasne,Calif., recently Beyond been three years in which he is an enrolledretired after Yourself since Sue and I launched member. He oversees the tribe’s financials as wellworking for al- Rockwood Pacific. We as the casino and other have particularly enjoyed tribal LLCs.most 25 years at the San working with hospitalFrancisco firm Morrison& Foerster. She is now systems and universities in planning and executingdoing volunteer work at Annadella, Monica Stevens, MBA 96, and Paul Fall 2016 31

In the BackHaas Alumni NotesMBA cont. locations in the works, engineers, business and we hope to continue development folks,I acquired during my our rapid pace of growth marketing imagineers,graduate studies at UC for the next several years. and sales people. PleaseBerkeley’s School of Please let me know if you visit aporeto.com andInformation.” have medically zoned re- contact us. We would tail space you are looking love to hear from you.1998 to fill! And if you happen On a personal note, weDaniel Tellalian, Los to be feeling ill, please have a new familyAngeles, Calif., writes, drop in—we will be sure addition, but of the“Pleased to have taken on to help you feel better canine type—Ludusa new role as managing faster!” Maximus, a very friendlypartner of Avivar Capital, a and cute yellow lab.”registered impactinvestment advisory firm 2005based in Los Angeles. Wecreate impact funds, Yan Chow, Orinda, Calif.,manage portfolios, and took a new position inbring impact investment Clockwise from lower left, MBA Class of 00 alumni mini-reunion: August as medical direc-advisory services to Neva Flaherty, Patrick Aragon, Pete Cowing (hidden), Rodrigo Pru- tor for Mobile Health forphilanthropies, wealth dencio, Diane Bisgeier (hidden), Chris Barton, Baris Ruacan, Cagla Amgen, based in Southadvisors, and institutions Erdogan Ruacan, Guillaume Gavillet, Carla Feely, Patrick Feely, San Francisco. “I will bein the U.S. A terrific Greg Funk, Peter Marchetti, Pascal Hoffmann the physician lead toblend of financialdiscipline and social help incorporate digitalresponsibility!” also an opportunity to Shing Wong, San Fran- health (wearables, medi- celebrate a wedding cisco, asks,“Have you cal devices, and mobile anniversary for Patrick ever been in a meeting, technology) into clinical and Carla Feely (yeah!) webinar, or conference trials and beyond,” he and a move back to the and wished you could reports. Bay Area for Baris and have the presenter’s Thomas Phinney, MBA 03, in2000 Cagla Ruacan (welcome slides in front of you to back!) #GoodTime interact with in real time? São Paulo, 2015Pascal #UntilNext.” In early 2016, I launched 2007 10th Reunion Our Defining Ampslide (ampslide.Hoffmann, Principles 2002 15th Reunion com), which enables Thomas Our Defining April 28–30, 2017 April 28–30, 2017 presenters to live-share Phinney,Oakland, Calif., Confidence presentations in real time Principlesdescribes an without to thousands without Attitude clunky software. If you’re Portland, Ore., Question the a presenter, marketer, is now presidentunofficial class or conference organizer/ Status Quo Michael Berolzheimer,reunion in San Francisco attendee, check it out! of FontLab, the San Francisco, reports,on August 9 that “was Sign up at Ampslide.com font software tools “After many months, with the referral code company. He notes, we’re delighted to BerkeleyHaas for a 30- “Started running this year! announce the closing of day free trial.” Last summer the whole our latest fund, Bee family spent six weeks Partners II, which was in Europe.” oversubscribed at $30M+ after an initial 2003 Amir Sharif, Menlo Park, target of $25M. Like our Scott Cheeseman, Calif., announces,“I am founders, we also have to Sonoma, Calif., reports, excited about the raise funds from “After making the leap founding and top-tier VC investors and, like them, from construction and funding of Aporeto, a we’re elated about the real estate develop- cloud native security journey ahead now that ment to health care, I am company. We are hiring our fundraising period is excited to announce that we have opened three Garrett Goldberg (Principal), Michael Berolzheimer, MBA 07 new Direct Urgent Care (Managing Partner), Cynthia Maxey (Business Development) locations this year. I ap- preciate all the help my Haas connections have provided—your intro- ductions to financing, potential locations, and vendors have been in- strumental in our growth. This has been a very exciting ride, and I can’t wait to see where it takes us. We have several new32 BerkeleyHaas

In the Back Got news? Submit it online at haas.berkeley.edu/alumninotes.behind us. Bee II includes 2013 Amelia Forrest Kaye,17 companies, nearly San Francisco, recentlyhalf of which have strong Ariel Dekovic, MBA 13, with her joined Reflektive, aUC Berkeley ties. Check husband, Christoph Scheper, software startupsizes start at around backpacking in Desolation reinventing employee$400K per company and Wilderness engagement andgo to approximately eight performance reviews,new startups annually. Ariel Dekovic, Berkeley, to build and lead itsThese 17 investments Calif., reports, “As interim customer success team.showcase broad executive director of City Prior, Amelia worked indiversification, and over Slicker Farms, I shep- SaaS product develop-half have already herded the community ment and strategy atbenefited from follow-on Deloitte Consulting LLP.capital within 12 months, Brent Haapanen, Graniteincluding Neighborly, Bay, Calif., writes, “AmEmbroker, StatMuse, and excited to be kickingBuildingConnected.” A off the official B-HANJune article in Tech- Sacramento chapterCrunch cited Berol- Tom Huang, MBA 07, Casey, and Sunny this year with my fellow Sacramento-basedzheimer and his partners’ Shin (Tom) Our Defining ment of Western Region Haas alumni! Our sonalumni- and founders- Huang, of Principles Power Plants, I am (and future Cal Bear)only community called Fremont, Calif., Confidence excited to be joining Calvin was born inCalFounders, which announces, without Facebook, contracting January and is a happyboosts visibility of “Sunny and I Attitude renewable energy for its and busy boy!”entrepreneurship and are happy to data centers.” Urvi andtech efforts around UC welcome the newest husband Luke’s, MBA 08,campuses, an ecosystem addition to our family! In- boys, Kiren and Nithin (4often overlooked by troducing baby boy Casey and 2) are very excited totraditional investors. Yoshawn Huang, born be spending more time at August 13, 2016, weigh- Haas now that Luke’s ing 5 pounds 6 ounces sister Claire is part of the and measuring 19 inches. FTMBA Class of 2018. He’s little but brings a ‘ginormous’ amount of joy, 2010 excitement, and many, many (willingly) sleepless Deepak Goel, Fremont, nights to us. Please join Calif., reports, “We just us and welcome Casey to launched the KarmaCir- the world!” cles app on iPhone as well as Android. Kar- maCircles makes it easy 2008 for professionals to Adrian Durbin, Our Defining request free time from Orinda, Calif., Principles each other. When you get time, you get free adviceKevin Hill, MBA 07 reports, “After Confidence from an expert, and when Haapanen family vacation: Calvin (Cal), Destiny, and Brent, MBA 13 more than without you give time to some- seven years at AttitudeKevin Hill, Our Defining McKesson, in June one, you build your planning, design, and 2014Oakland, Principles I started a new position reputation. Everyone on construction of a new leading Lyft’s policy com- the platform wins! Join 1.4-acre public park and Question the munications team. I am the Haas group on urban farm for Oakland. SantiagoCalif., in 2016 Status Quo responsible for the com- KarmaCircles to connect The West Oakland Farm pany’s media relations with hundreds of other Park opened in June Our Defininggrew his strategy on all public Haas alums!” 2016, and I stepped Andrigo, New Principlesbusiness intelli- policy and regulatory is- down from my role. This York, recently Studentsgence business, Heights sues around the country 2012 5th Reunion August, my husband and joined Jigsaw, Always (of which there are many!) April 28–30, 2017 I will set off on aConsulting. He’s and also serve on the cor- Joshua Ziel moved from month-long national “a think-do tankcurrently helping Intuit porate communications parks road trip, fulfilling and product incubatorbuild a customer loyalty leadership team.” a longtime dream that within Google thatprogram. He’s also we’ve had. Then we’ll be tackles the toughestcontinuing his Haas moving to Germany to be geopolitical challenges,teaching career, with a closer to his family and from countering violentpresentation design so that I can learn extremism to thwartingcourse that helps make German! After almost 10 online censorship toquantitative information 2009 the Bay Area to Austin, years in Berkeley, this is mitigating the threatsmore consumable for Urvi Parekh Dunnington, Texas, in November 2015 a big step. But the Bay associated with digitalmaking strategic Oakland, Calif., writes, and recently left Oracle Area will always be home!” attacks. I specificallybusiness decisions. This “After seven years at to run the NA corporate work as a productsummer, Kevin visited SunPower in various sales team at Cloudera, manager and on theSequoia National Park, roles, most recently as a big data company with areas of cybersecurityclimbing a 10,000-foot director of origination numerous connections and countering onlinepeak. and business develop- back to Berkeley. censorship. In my spare Fall 2016 33

In the BackHaas Alumni NotesDid you know? Ezra Roizen has pub- lished the book MagicBerkeley- Box Paradigm: A Frame-Haas was work for Startup Acquisi-a pioneer in tions. An entrepreneurteaching and advisor to startups,entrepreneur- Ezra offers practicalship to MBA advice to help entre-students. preneurs navigate the counterintuitive nature of startup acquisitions— enabling them to avoid the common mistakes which can hurt, or even kill, the deal. Read the new Haas history Matt Thelen, MBA 14, and his wife, Alyssa, with twins Aynslie and Keller haas.org/haas-history-book us some time to learn Alastair Trueger, SanMBA cont. twin-parenting or (to use Francisco, writes, “This a Golden Bears football January, Champ Suthi- analogy) move from a pongchai and I spun up Ezra Roizen, BCEMBA 04 man-to-man defense into a venture capital fund to a zone coverage scheme.” invest at the intersection 2006 of hardware, software,Santiago Andrigo, MBA 14, Michael Nurick, MBA 14, and 2015 and data. We connectin New York, wearing role- his wife, Sapna Zaky Prabowo, San startups with capital,identifying tshirt Francisco, and Jo- manufacturing, pilot, Music. At YouTube, he hannes Koeppel with and distribution op-time, I continue to continues to serve the Garib Mehdiyev of- portunities in Asia. We’ve Roland Deal, BCEMBA 06practice and learn the musician community as a ficially launched their already made five invest-tango and have recently product manager on the travel startup WeTravel ments, with a few more Roland Deal,undertaken the study of artist team. after powering $5 million on the way.”ethics.” independent group trips Matt Thelen, Our Defining using the website during 2016 1st Reunion San Francisco, Our Defining of Denver, an- Principles beta stage. WeTravel is a April 28–30, 2017 is president for Principles free platform for amateur the Americas ConfidenceMichael Nurick, nounces, “My Confidence and semi-professional Amy Chou, Oakland, of DWA media, without wife, Alyssa, without trip organizers to create, Calif., writes,“I’m excited Attitude Attitude manage, and promote to be an account managerOakland, Calif., Our Defining group trips in minutes. at Clever Inc., helping en- one of the fast-whose compa- Principles and I just had They started the platform able digital learning tools est growing marketing/ny BandPage, Students the most amazing and during their MBA stud- in classrooms all over thededicated to Always ies when classmates U.S.!” media agencies glob- used it to manage Haashelping musi- surprising thing happen domestic and interna- BCEMBA ally. Roland brings his to us—we had twins in tional treks. Appearingcians make a successful May. We both work at in Financial Times and 2004 experience partnering Lonely Planet, WeTravel’s James (Jamie) Pirrello, with technology brandsliving from digital music, companies that provide main users now are San Jose, Calif., recently from OgilvyOne, wherewas acquired by Google; excellent parental leave university students and became chief financialit is now a part of YouTube benefits, which afforded yoga teachers; expan- officer with UCP, a home- as managing director sion is underway. “If builder based in San Jose he oversaw its opera- you know anyone who with operations in Califor- is planning to organize nia, Washington, Tennes- group trips (your class see, North Carolina, and reunion maybe?), please South Carolina. check the platform. It’s completely free for the organizers and travel- ers.” Learn more at http:// haas.org/2ckNMfp.34 BerkeleyHaas

In the Back Save the date: Reunion Weekend, April 28–30, 2017tions on the west coast. variety of value-based 2015 IN MEMORIAMHe has over 20 years’ and risk-sharing models Jenise Steverding, Losexperience developing across the value-based Angeles, joined Pledgel- John Boydstun, BS 41 Curtis Wood, BS 55strategic solutions and reimbursement spec- ing, the world’s first Josephine Trichilo, BS 42 Richard D’Arezzo, MBA 56integrated campaigns for trum. CareAllies will offer charitable giving and Jack Podesta, BS 43 Ron Plomgren, BS 56global technology brands services to help ease social impact platform Janet Campbell, BS 44 Frank Stuart, BS 56that have included VM- providers’ administrative for brands, as vice Alfred Hons, BS 45 Larry Callahan, BS 57ware, Google, SanDisk, burden across payers president of strategic Clifford Machek, BS 47 Louis Sereda, BS 57and HP, among others. and can even help partnerships. Steverding Lawrence McGuire, BS 47 Philip Talamantes, BS 57 providers launch and will be responsible for Glenhall Taylor, BS 47 David Wheeler, BS 572009 manage their own health forging sustainable Milan Wight, BS 47 Ronald Dressler, BS 58 plans. CareAllies will partnerships between A Frinak, BS 48 Daryl Lenstrom, MBA 59Sudhir Our Defining focus on advisory and brands and causes that Donald Madsen, BS 48 Donald Eckerson, BS 60, Nakhwa, San Principles management services, bring to life a company’s Worth Morton, BS 48 MBA 61Francisco, Confidence technology, and analytics, core values and create Jack Palmer, BS 48 Richard Jensen, BS 60announces, “I without which are all fundamen- lasting impact on the Alexis Benioff, BS 49 William Conlin, MBA 60 Attitude tal to transforming world. An early member Roger Erickson, BS 49 Robert Kuhne, MBA 60 physician practices of the TOMS Giving team, Edward Macaulay, BS 49 William Bolton, BS 61joined Macy’s and delivery systems as Steverding played a key Paul Read, BS 49 Lawrence Miller, BS 63earlier this year in a they move from volume role in scaling the William Anderson, BS 50 Ernest Peach, BS 64director role. I lead, to value. Rajesh now company’s famous James Cavanah, BS 50, David Fox, BS 65direct, and manage a serves as the senior vice shoe-giving program to MBA 51 Warren Harada, BS 65team of 12 in Silicon president and general tens of millions of pairs Clyde Cournale, BS 50 Philip Bewley, MBA 65Valley, New York, and manager, clinical of shoes. She later joined Harlan Nobis, BS 50 Johannes Albeck, BS 66remote to support operations and popula- the Special Olympics Edward Schwartz, BS 50 Diane Cannon, BS 66enhancement of tion health. World Games, working Gerald Scott, BS 50 Frederick Rhines, MBA 66eCommerce systems 2012 closely with corporate J Ritchie Dunn, BS 51 Robert Quinney, MBA 67at Macys.com and Neal Higgins, BS 51 Paul Criss, BS 72Bloomingdales.com. The Robert Gill, MBA 51 Anthony Navarra, BS 72eCommerce systems Clarice Hart, BS 52 Daniel Rowland, BS 72, include product catalog, William Yeo, BS 52 MBA 73content management, Paxton Beale, BS 53 Edward McMillan,imaging systems, retail Joseph Hootman, BS 53 MBA 73planning, and forecast- William Ashton, BS 54 Peter Feuille, PHD 73ing. I am responsible for Joan Ehlers, BS 54 Kenneth Meyer, MBA 76establishing and William Steffensen, BS 54 Edward Cotter, BS 78maintaining key relation- Louis Weider, BS 54 Jerry Butzer, MBA 78ships with the buying, John Kadlecek, BS 55 John Butler, Friendplanning, merchandis- Frederick Pracht, BS 55 Marian Thompson, Friending, creative, andmarketing stakeholdersand for monitoringemerging technologies. Iwelcome opportunitiesto network with alumniboth inside and outsideof the retail world.2015 EMBA1stReunionApril 28–30, 2017Executive Bart Tkaczyk, Exec. Ed. 12, accepting his UN Affiliate GlobalEducation HRD Award2009 Bart Tkaczyk won the sponsors such as Toyota, Social mediaRajesh Shrestha, Global HR Development Google, and Westfield, on posts comePiscataway, N.J., helped Research Excellence the largest sporting and and go, butlaunch CareAllies, a Award for his research on humanitarian event inpopulation health positive organizational the world in 2015. aNnotAelulamsntsi.company focused to change. Dr. Tkaczyk wasdeliver the systems, honored at the 45th Submit yours atcapabilities, and International Federationmanagement services of Training and Develop- haas.berkeley.edu/alumninotesthat providers need to be ment Organisations insuccessful under a Bahrain. Fall 2016 35

In the BackHaas Personal View TomStahl,MBA93 worked for a democratic activist in Taiwan. I lived in a Tom Stahl, MBA/MA Chinese city of 800,000 as one of only three Americans. (Asian Studies) 93, I watched my neighborhood in Beijing transform from recently returned to San horse carts to modern high-rise buildings. I traveled Francisco after two years across China helping U.S. telecom companies enter the in Barcelona. Prior to living market. None of it would have happened had I not left my in Spain, he was COO and first engineering job and taken the time to travel. CFO of two venture-fund- ed mobile companies. He Some argue that a sabbatical will derail your career has also worked as a progression. And if your career trajectory is skyrocketing, telecom consultant in maybe it will. But if your career isn’t satisfying, maybe China, a political derailing your career path is just what you need. consultant in Taiwan, an engineer, a short-order One of the objections I often hear about taking cook, and a paperboy. a sabbatical is cost. And of course medical bills, Tom is an award-winning children’s education, and mortgages can prevent taking photographer and is any time off. married to Julie Kim, MBA 93. But sometimes objections over affordability areJust Get Out really a mask for different priorities. When I quit my first job, a friend asked how I could afford to travelSinging the praises of the sabbatical for so long. I pointed out that the new car he’d just purchased would more than pay for my 18-month trip.At some point, many of us find ourselves in a job that isn’t There are creative ways to finance a sabbatical. Sellthe right fit, either in terms of career path, job satisfaction, your possessions. Work freelance. Rent your house oror financial rewards. What should you do then? Here is arrange a housing swap. Move to a cheaper country.my advice: Just get out. Ten years after I started my Asian career path, my I don’t mean start updating your resume. I mean China consulting business was struggling. I was living intravel. Move to a new country. Give yourself the time and San Francisco but spending long stretches in China. Itperspective to open up to new possibilities. was time for a change. My wife and I booked a monthlong trip to Africa where we decided we were ready to have I’m not suggesting you quit your job at the first hint children and that I would thus need to travel less.of job dissatisfaction. Even great jobs have periods ofunhappiness. But when you spend months thinking “this So I shut down my consulting business and took aisn’t the place for me,” maybe it’s time for a career change. middle-manager position at a mobile phone startup inIn those times, I have found that a sabbatical, particularly San Francisco. The next 14 years were a fascinating andwhen combined with travel or a move to a new country, is rewarding stint in the high-tech industry. I presideda great way to reset my mind and discover a new career over the rapid growth and large-scale layoffs of thedirection. dot-com boom, raised venture money, and helped build and sell a successful company. My wife and I raised two When I graduated from college, I spent two years kids to teenagers.working at a large systems engineering firm. The job paidwell, the hours were reasonable, the work was low stress. Several years ago, it was clear that my latest startupI was bored out of my mind. So I saved my money for two wasn’t going to succeed. I told my wife it was time toyears then quit the job, sold most of my possessions, and look for a new job.backpacked around the world for eighteen months. “No,” she said, “it’s time for us to move overseas.” I spent much of that time in Asia, including four Within a year we’d stored our possessions, sold themonths in mainland China. I became fascinated with the car, rented the house, and found an international school.large-scale, rapid transformation taking place there and We used our savings and San Francisco’s hot rentaldecided I needed to return. market to finance a move to Spain. Once in Barcelona, I finally had time to pursue Back in the U.S., I studied Chinese and enrolled in the two of my passions: photography (tomstahlphoto.com)Haas MBA/Asian Studies joint degree program. After and serving on nonprofit boards. More importantly,I graduated, I spent much of the next decade in Asia. I as a family we’ve studied Spanish, traveled to more than a dozen countries, hiked the Pyrenees, ridden camels across the Sahara, and made new lifelong friends. My daughter recently said that these have been the best two years of her life. I agree. In the end, our time on earth is defined by more than our jobs. So, by all means, land your dream job, work with passion, and have a great career. But during your life’s journey, don’t forget to also take time to just get out.36 BerkeleyHaas

Get the most out of your alumni network Use the checklist below to take full advantage of all the services offered. haas.berkeley.edu/alumni

University of California, Berkeley Nonprofit OrganizationHaas School of Business U.S. Postage545 Student Services #1900 PaidBerkeley, CA 94720-1900 University of California, Berkeley · 1987 · 1992 · 1997 · 2002 · 2007 · 2012 ·1972 · 1977 · 19822016 · EMBA 2015 April 28-30 REUNION WEEKEND 2017 Relive the best of your Berkeley-Haas experience! Catch up with classmates, listen to engaging lectures, make new connections, and bring your family back to campus. Everything you loved about business school—without the exams.haas.berkeley.edu/reunion #haasreunion #haasalumni