<strong>Wharton</strong> NowMBA Class GiftsSet New Recordsel <strong>of</strong> participation achievedby this class is an inspirationto all <strong>Wharton</strong> <strong>Alumni</strong>.”TOP: MBA FOR EXECUTIVES - WESTMIDDLE: MBA FOR EXECUTIVES - EASTBOT TOM: MBA CLASS GIFT COMMITTEET O M M Y L E O N A R D I M A U R I C E R A M I R E ZAmid tough economictimes, <strong>the</strong> <strong>Wharton</strong> MBAclass <strong>of</strong> 2004 raised a totalclass gift <strong>of</strong> $776,690while setting new recordsfor class gift participation.Combined participation<strong>of</strong> <strong>the</strong> East and West coastMBA for Executives classesand <strong>the</strong> traditional MBAclass was 98.3 percent.<strong>The</strong> graduating Eastcoast and West coast MBAfor Executives classes had anunprecedented 100 percentparticipation in raising atotal <strong>of</strong> $327,772, includingchallenge gifts from Beth W.Nelson, WG’82. In honor<strong>of</strong> <strong>the</strong> participation record,Ms. Nelson <strong>of</strong>fered an additionalgift to bring <strong>the</strong> combined(East and West coast)<strong>Wharton</strong> MBA for Executivesclass gift total to $350,000.Following a recordbreakingyear in 2003, <strong>the</strong>MBA class <strong>of</strong> 2004 set itsown record with <strong>the</strong> highest-evernumber <strong>of</strong> <strong>Wharton</strong>class gift donors: 764.Class participation was 95percent, with 97 percentparticipation <strong>of</strong> internationalstudents. <strong>The</strong> totalgift raised was $426,690,including $50,000 from ananonymous challenge donor.Associate Dean forExternal Affairs StevenOliveira stated, “<strong>The</strong><strong>Wharton</strong> MBA Class <strong>of</strong>2004 has made <strong>the</strong> largestgraduating class gift in<strong>the</strong> history <strong>of</strong> any businessschool. We believe that thismay also be <strong>the</strong> largest graduatingclass gift in <strong>the</strong> history<strong>of</strong> higher education. <strong>The</strong> lev-MBA <strong>Reunion</strong>WeekendLaunches New<strong>Alumni</strong> ProgramsVeteran alumni now have anetwork <strong>of</strong> <strong>the</strong>ir own. <strong>The</strong><strong>Wharton</strong> Emeritus Society,one <strong>of</strong> two new alumniprograms launched during2004 <strong>Alumni</strong> Weekend, willhelp create a formal networkand content-based programs<strong>of</strong> interest for graduates<strong>of</strong> 50 or more years. <strong>The</strong>second new program, MBA<strong>Alumni</strong> March (depictedon this issue’s cover), invitesreunion-year alumni to doncap and gown and processonto Franklin Field, usheringnew graduates into <strong>the</strong>world <strong>of</strong> <strong>Wharton</strong> alumni.For more information on<strong>Alumni</strong> Weekend events,visit .Meeting <strong>the</strong>World: <strong>Wharton</strong>Global <strong>Alumni</strong>ForumsMexico’s economic growthtoward globalization and <strong>the</strong>future <strong>of</strong> Latin Americanmarkets were among <strong>the</strong>dozens <strong>of</strong> panel discussionsand speeches by governmentand corporate luminaries,including FernandoCanales Clariond, Mexico’sEconomy Secretary, at<strong>Wharton</strong>’s Global <strong>Alumni</strong>2. S U M M E R 2 0 0 4 . W H A R T O N N O W
Forum held on June 24-26in Mexico City. <strong>The</strong> event,<strong>the</strong> last <strong>of</strong> three <strong>Wharton</strong>Global <strong>Alumni</strong> Forumsheld this summer, <strong>of</strong>feredalumni <strong>the</strong> chance to networkand learn with topcorporate and governmentleaders who are impacting<strong>the</strong> business climate<strong>of</strong> Latin America. Topicsincluded globalization strategy,<strong>the</strong> Hispanic market,energy, and pensions andgrowth. Juan Toro, <strong>the</strong> taxcommissioner <strong>of</strong> Chile,Eduardo Wanick, CEO <strong>of</strong>DuPont Latin America andAlfredo Elias Ayub, CEO<strong>of</strong> <strong>the</strong> Federal ElectricityCommission were among<strong>the</strong> roster <strong>of</strong> speakers.<strong>The</strong> <strong>Wharton</strong> Global<strong>Alumni</strong> Forums are organizedby alumni with <strong>the</strong>help <strong>of</strong> <strong>the</strong> <strong>School</strong>. In lateKAHNP E T E R O L S O NMay, <strong>the</strong> Moscow Global<strong>Alumni</strong> Forum addressedissues including emergingconsumer markets and financinginvestment globallyat a sold-out ga<strong>the</strong>ring <strong>the</strong>Moscow Times called “<strong>the</strong>first example in Russia <strong>of</strong> aninternational school puttingon a large, publicized event...” <strong>Wharton</strong>’s presence waseverywhere at <strong>the</strong> ShanghaiGlobal Forum, held June3-6, where welcome signshung <strong>the</strong> airport wallsand on city buses while a<strong>Wharton</strong>-emblazoned blimpflew over <strong>the</strong> city.<strong>The</strong> sold-out Shanghaievent brought toge<strong>the</strong>r businessand government leadersincluding Philip Murtaugh,chairman and CEO <strong>of</strong> GMChina and Zhang Ruimin,chairman <strong>of</strong> <strong>the</strong> HaierGroup, to discuss China’sunique banking system andforeign direct investment,among o<strong>the</strong>r topics. During<strong>the</strong> Shanghai event, <strong>the</strong><strong>School</strong> also presented itshighest honor—<strong>the</strong> Dean’sMedal—to K.P. Chao,chairman <strong>of</strong> <strong>the</strong> board <strong>of</strong>Novel Enterprises Ltd., forhis exceptional leadership inadvancing global business.For more informationon <strong>the</strong> Global<strong>Alumni</strong> Forums, visit.New Innovationsto UndergraduateCurriculumIn fall 2004, <strong>Wharton</strong> undergradswill have new opportunitiesto experience businessin practice. Three curricularinnovations are being added:a business simulation additionto <strong>the</strong> core marketingcourse, a research pilotprogram, and a firm-specificconsulting project. <strong>The</strong> newprograms are outcomes <strong>of</strong><strong>Wharton</strong>’s recently completedcurriculum review.Widely recognized as <strong>the</strong>best undergraduate businessprogram, <strong>Wharton</strong>’scurriculum blends liberalarts with core business concepts,a combination thatgives students a wider understanding<strong>of</strong> <strong>the</strong> socialand cultural issues today’sbusinesses face. <strong>The</strong> recentcurriculum review lookedat ways to improve thisundergraduate experience,bringing toge<strong>the</strong>r two committees,an external onethat consisted <strong>of</strong> deans fromHarvard, Princeton, and <strong>the</strong><strong>University</strong> <strong>of</strong> Michigan, andan internal task force thatbrought toge<strong>the</strong>r nine facultymembers from a variety<strong>of</strong> <strong>Wharton</strong> departments, tomake recommendations.Barbara E. Kahn, vicedean and director <strong>of</strong> <strong>the</strong>Undergraduate Divisionand <strong>the</strong> Dorothy SilberbergPr<strong>of</strong>essor <strong>of</strong> Marketing, says<strong>the</strong>se curricular additionsstreng<strong>the</strong>n and enliven <strong>the</strong><strong>School</strong>’s already ambitious<strong>of</strong>ferings. <strong>The</strong> businesssimulation component to<strong>the</strong> core undergraduate marketingcourse, for instance,will bring undergraduatesinto teams that will managea firm, making key marketingstrategy decisions.“One <strong>of</strong> things we thinkdifferentiates <strong>the</strong> <strong>Wharton</strong>undergraduate learning experiencefrom o<strong>the</strong>r kinds <strong>of</strong>learning would be this experientiallearning opportunity,that is, something outside <strong>of</strong><strong>the</strong> traditional lecture/mediamode,” Kahn says.<strong>The</strong> new research pilotprogram pairs a studentone-on-one with a facultymember in a semester-longresearch program. <strong>The</strong> “fieldchallenge” program, to bepiloted this fall, will taketeams <strong>of</strong> undergraduatesout into <strong>the</strong> business world.Working with a faculty advisor,<strong>the</strong> teams will comeup with solutions for individualbusinesses.“<strong>Wharton</strong> undergradsare an incredibly brightand talented group. <strong>The</strong>yare very eager and workvery hard,” says Kahn, whobecame <strong>the</strong> division’s vicedean in 2003 and teachesIntroduction to Marketingto between 400 and 500students each semester itis <strong>of</strong>fered. “<strong>The</strong>y are herefor a longer period <strong>of</strong> timethan <strong>the</strong> MBAs, so youcan have more <strong>of</strong> a personalrelationship with <strong>the</strong>m.It’s a really nice opportunityto work with <strong>the</strong>m.You feel like you can reallymake a difference.”Knowledge @<strong>Wharton</strong> toIntroduce ChineseLanguage EditionFew would deny thatChina is hot. Companieswithin China and around<strong>the</strong> world are searchingfor credible answers abouthow to do business in thismust-play country, andKnowledge@<strong>Wharton</strong> willsoon provide <strong>the</strong> knowl-W H A R T O N N O W . W H A R T O N A L U M N I M A G A Z I N E .3