Our Collective Achievements The Year in Review: May 2007

Investors’ Report
2007/08

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A Message From the Dean
Our Collective Achievements
Donor Honour Roll 2007/08
The Rotman Vision Fund
Financial Report and Statistics
Rotman Boards
Rotman at a Glance
Integrative Thinking is a registered trademark of the Rotman School of Management.
“Many successes lie ahead and I
look forward to sharing the pride
in all of them with you.”
– Roger Martin
A Message From the Dean
Each year the Rotman Investors’ Report pays special tribute to the alumni
and friends who help the School succeed, in a fiercely competitive environment,
through their financial and volunteer support. In the past year, we
have actively recruited and retained talented professors who are growing
our global reputation for outstanding teaching and research. Leading faculty,
who provide an unparalleled educational experience, are keeping the
Rotman School at the head of the class in global thought leadership and we
have our donors and friends to thank for fueling our momentum.
On behalf of the faculty, staff, students, and alumni of the Rotman School, I want to express
how grateful we are for your unwavering support.Your backing is more important than ever
before as we revolutionize business education through Integrative ThinkingTM .
But the gains are not only being felt in teaching and research, but also in enrolment.This past
year, we welcomed a two-year MBA class of 264 students: one of the largest in our history. In
the coming years, graduate enrollment is expected to grow by 50 per cent and your support
will become more important than ever before as we work to accommodate that growth and
provide an outstanding MBA experience.
Whether your contribution to the school was an annual or an endowed gift, or a gift of your
time, your support had an immediate impact.The Rotman School is thriving as one of the
world’s leading business schools; its future becomes brighter each and every day with the support
of friends and alumni like you.
While the Rotman School is flourishing, our journey of innovation and excellence is not over.
This fall we will launch an ambitious new fundraising campaign that will take the School to
new heights. I encourage you to remain close to us as we continue to grow and distinguish
our programs through Integrative Thinking. Many successes lie ahead and I look forward to
sharing the pride in all of them with you.
Roger Martin
Dean, Rotman School of Management
Premier’s Research Chair in Productivity & Competitiveness,
and Director, AIC Institute for Corporate Citizenship
Toronto, September 2008
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Our Collective Achievements
The Year in Review: May 2007 – April 2008
June 2007
Rotman Executive Programs launches the Indian Railways
Partnership.The two-week program provides participants
with a greater understanding of North American railway
transportation systems and equipment for both passenger and
freight traffic. It is the first time that Executive Programs has
partnered with an organization from India.The program
includes classroom-based activities and site visits to relevant
businesses throughout Canada and the United States.The
managers also receive specialized training in their respective
areas of human resources and finance.
July 2007
Professor Richard Florida joins the Rotman School of
Management as Professor of Business and Creativity and
Academic Director of the Lloyd and Delphine Martin
Prosperity Institute (see December 2007). Florida is well
known for his work on economic competitiveness, demographic
trends and cultural and technological innovation.
September 2007
The Rotman School launches the world’s first morning
MBA. MBA students in the Toronto area, who are also
working professionals, will be able to pursue their studies
2
early in the morning before heading to their jobs.The
majority of the core classes are offered on Tuesday and
Thursday mornings, from 7 to 8:59 am.
October 2007
Accounting education at the Rotman School receives a boost
with a three-year, $50,000 per year, sponsorship commitment
from Certified Management Accountants of
Ontario (CMA Ontario).The partnership will strengthen
academic collaboration and instruction in managerial
accounting.
November 2007
Marcel Desautels, president and CEO of the Canadian
Credit Management Foundation, makes a $10 million donation
to the Rotman School (recognized in the 2006–2007
Investors’ Report).The gift will support the ongoing initiatives
of the Marcel Desautels Centre for Integrative Thinking. His
total giving to the Rotman School is $31 million to date.
December 2007
The Rotman School celebrates a new $18 million gift from its
lead benefactors, Sandra and Joseph Rotman (recognized
in the 2006–2007 Investors’ Report).The gift names the Martin
Prosperity Institute and the Commerce program, and
supports capital expansion and Rotman Magazine. Their giving
to the School totals $ XX.
At his retirement party, it is announced that Tony Fell’s family,
friends and colleagues will establish the Anthony S. Fell
Chair at the Rotman School.The chair is a tribute to Tony’s
outstanding leadership at RBC Dominion Securities and to
honour his ongoing commitment to the Rotman School.
February 2008
Lee and Margaret Lau pledge $3 million to support capital
expansion for the new building (see April 2008).
A $1 million gift from the RBC Foundation supports prosperity
research at the Rotman School. It is the first donation
to the Founders Group Research Fund at the Martin Prosperity
Institute.The fund supports research aimed at broadening
our understanding of prosperity and how it is created.
Sun Life Financial donates $50,000 to the Rotman
Bridge to Business program.The scholarships will be
awarded to high potential students who enrol in the 2008 and
2009 offerings of the program. Rotman Bridge to Business is
Marcel Desautels, president
and CEO of the Canadian
Credit Management
Foundation, makes a
$10 million donation to
the Rotman School of
Management
The Rotman School celebrates
a new $18 million gift
from its lead benefactors,
Sandra and Joseph Rotman
a month-long intensive program that provides participants
with knowledge of fundamental business, management and
people skills that will serve them throughout their careers.
March 2008
Birch Hill Equity Partners pledges $50,000 (matched by the
Graduate Student Endowment Fund) to establish the Birch
Hill Equity Partners Award for a continuing domestic
student in the two-year MBA program.
April 2008
The renowned undergraduate Commerce program at the
University of Toronto announces its new name – Rotman
Commerce – thanks to a $2.5 million gift from Sandra and
Joseph Rotman.The donation was part of an $18 million gift
to the Rotman School announced on December 13, 2007.In
addition to the new name, a new curriculum will be introduced
in summer 2008.
Mr.Ted Kernaghan, president, Kernaghan Securities, renews
his $250,000 support of The Edward J. Kernaghan
Professorship in Financial Analysis.The professorship,
currently held by Professor Ramy Elitzur, will continue for
an additional five years to 2015.
3

Aecon Group, Managerial Design and Brendan Calder give
$50,000 (matched by the Graduate Student Endowment
Fund) to establish the George C.Vilim Scholarship in
Effective Management for continuing MBA students with
outstanding achievements in strategic management.
For a second year, Corus Entertainment Inc. donates
$25,000 to the Rotman Bridge to Business program.The
scholarships will be awarded to high potential students who
enrol in the 2008 offering and who identify as one or more
of the following criteria: female, visible minority, person of
Aboriginal descent and/or a person with a disability.
In the first private sector-academic partnership of its kind in
Canada, Blake, Cassels & Graydon LLP, McCarthy
Tétrault LLP, and Osler, Hoskin & Harcourt LLP, three
of Canada’s leading law firms, team-up with two of the
University of Toronto’s top professional faculties to make an
unprecedented educational investment in young women in
the Canadian legal profession. Business Leadership for
Women Lawyers is a three-day intensive professional development
program designed specifically to help women in the
legal profession build confidence and acquire the relevant
business skills to advance within their firms.
4
Kuwabara Payne McKenna Blumberg Architects
(KPMB) is chosen by a University of Toronto selection committee
to design the Rotman School expansion.The expansion
will accommodate the School’s continued growth.The new
building, expected to open in 2011, will be integrated with
the current building at 105 St. George Street and will house
the Desautels Centre for Integrative Thinking, the Martin
Prosperity Institute, other research programs and Centres of
Excellence, classrooms, study space and event facilities.
Donor Honour Roll 2007/08
$3,000,000 or more
Lee and Margaret Lau
Sandra and Joseph (MCom ’60)
Rotman*
$1,000,000–$2,999,999
RBC Foundation*
$500,000–$999,999
Shari Graham Fell
$250,000–$499,999
Edward J. Kernaghan
$100,000–$249,999
Jim Pattison
The Peter Munk Charitable
Foundation
Red and Brenda Wilson
Anonymous (2)
$50,000–$99,999
James Archer-Shee and
Mary Matthews
Birch Hill Equity Partners
Gordon and Jean Campbell
Certified Management
Accountants of Ontario
(CMA Ontario)
James W. Davie
Michael B.C. Davies
Katherine and George Dembroski
Bryce W. and Nicki Douglas
Jim Fisher*
David and Lenore Hawkey
Marjorie and Don Lenz
Margaret and Wallace McCain
Doug McGregor
William W. and Sharon Moriarty
Gordon and Janet Nixon
Sandra and Jim Pitblado
Andrew and Valerie Pringle
Peter and Judy Russel
Sun Life Financial*
The W.P.Wilder Foundation
David L.Torrey
John H.Watson (MBA ’67)*
Chuck and Libby Winograd
$25,000–$49,999
Aecon Group Inc.
Jamie and Patsy Anderson
Blake, Cassels & Graydon LLP*
David and Valerie Christie
Adrian J. Coote
Corus Entertainment Inc.
Cullen Family
Michael and Rosemary Edwards
Norman Fraser (MBA ’68)*
Irving and Gail Gerstein
Mary B. (MBA ’85) and
Graham Hallward *
Donald K. Johnson
George and Leanne Lewis
D. Bruce MacDonald
Roger Martin and Nancy Lang*
McCarthy Tétrault LLP
Michael and Janet Norris
Osler, Hoskin & Harcourt LLP
Richard Pilosof
Dugald and Liz Ritchie
Gordon M. Ritchie
Tavaso Family Charitable Fund
Michael H.Wilson
Anonymous (1)
$10,000–$24,999
Peter and Louise Armenio
ATCO Group
BMO Financial Group
Robert E. Brown
Peter Buzzi
CAE Inc.
Brendan Calder* I
John (MBA ’81) and
Mary Cassaday
J. Charles and Sallie Caty
CIBC*
Timothy D. Dattels*
Peter de Vos
Four Seasons Hotels and Resorts
Kirby Gavelin
George H. and M. Beverly Guy
Doug Guzman and Sheila Brown
M. Marianne Harris
Husky Injection Molding
Systems Ltd.
Douglas MacKay
W. Reay Mackay
Managerial Design Corporation
Derek and Sherri (MBA ’00)
Neldner
Bruce Rothney
Reza Satchu and Marion Annau
Gerald Schwartz and
Heather Reisman
William and Toshimi Sembo
Jeffrey S. Skoll
Gary (MBA ’73) and
Louise Sugar
Gregory C.Wilkins and
Vera Wilkins
Women in Capital Markets*
John and Annette Younger
Tricia Younger
Anonymous (1)
$5,000–$9,999
Daniel Almenara (MBA ’92) E
Harvey Botting (MBA ’85)* M
Michael Bregman
Jim and Mary Connacher
W. Downe (MBA ’78)*
The Evans Family
Robert J. Ewen (MBA ’77)
Jonathan Hunter and Nita Major
Judy Korthals and Peter Irwin
Loblaw Companies Limited
McDonald’s Restaurants of
Canada Limited
Nadir Mohamed
Peter Pauly*
Richard Powers*
Gerry Rocchi (MBA ’81)*
Margaret (MBA ’76) and
Andrew Stephens*
TD Bank Financial Group
Thomas Tutsch
Nicholas Villiers
W. Galen Weston
Alan White (PhD ’87)*
Glen Whyte (DBA ’80, MBA ’81)*
Anonymous (2)
$2,500–$4,999
Kelly Battle (MBA ’97)*
Joel A. Baum (MBA ’85,
PhD ’89)*
Jill Black (MBA ’80)*
Fares Boulos (MBA ’79)*
Burgundy Asset Management Ltd.
Canadian Tire Corporation Limited
Stephen K. Curry (MBA ’95)
Endla & John Gilmour
Foundation
Richard and Rana Florida
Ann M. Hatch
John Hull*
John R. R. Jennings
John R. Knebel (MBA ’73)*
Thomas McCurdy*
Michael N. Melanson (MBA ’87)*
Mauro Pambianchi (MBA ’81)*
Erik Parnoja (MBA ’95)
Paul (MBA ’51) and
Patricia Phoenix*
Brian Scott Silverman*
Dilip Soman*
Kevin Stolarick
Thomas Tsiopoulos (MBA ’91)
Jia Lin Xie*
Anonymous (1)
$1,000–$2,499
AGF Funds Inc.
Alterna Savings and Credit
Union Ltd.
Khozema M. Alyamani (MBA ’96)
Sidney E. Amster (MBA ’82)*
Fariba Anderson (MBA ’04)* C
Steve Arenburg *
Ann Armstrong (MBA ’82,
PhD ’93)*
James Richard Beattie (MBA ’98)
James (MBA ’62) and
Sandra Beingessner
Bonnie Bloomberg (MBA ’94)*
Laurence Booth*
James and Suzanne Bradshaw
Caldwell Investment
Management Ltd.
Melanie Carr
Flora Chen (MBA ’01) and
Sheldon Hing San Sze-To
(MBA ’02)*
Dennis Choa (MBA ’95)
Gordon A. Clancy (MBA ’86)
James D. Coutts (MBA ’99)* C
Lisa Craig (MBA ’93)
Enzo De Luca (DBA ’70,
MBA ’71)*
Donna Louise De Winter
(MBA ’00)
David L. Dunne (PhD ’96)*
Jim and Barbara Felstiner
FirstService Corporation*
Christopher T. Folan (MBA ’95)
C IM
Jane S. Gertner (MBA ’76)*
Michael Gibbens
GlaxoSmithKline
Jamie Gold (MBA ’05) I
Brian Golden*
Eleanor Gow (MBA ’77)*
Aseem Goyal (MBA ’89)
Patricia and Gordon Gray
Alison E. Ground
Paul J. N. Halpern*
John R. Hicks (MCom ’60)
Brian Howe (MBA ’93)* IM
Alan and Susan Hudson
Berkeley (MBA ’02) and
Maxine Hynes (MBA ’07)
Wing Joe (MBA ’76)*
Eric Kirzner (MBA ’70)*
Harvey Kolodny*
Merle Kriss (MBA ’77)*
Asher Lai (MBA ’05)*
5

Michelle C. Lalonde (MBA ’01)
Gerald Legrove (MBA ’85)* C
Nancy Lockhart and Murray Frum
Rod Lohin*
Yin Luo (MMPA ’99)* M
John and Gail MacNaughton
The Manta Group
Stamatis Mantzavinos (MBA ’54)*
Joe Martin*
Robert B. Matthews
Tom K. McCormick (MBA ’84)
Ken McGuffin*
Barry (MBA ’87) and
Rosemary McInerney
Sam Mokbel (MBA ’02)
Tyler G. Moniz (MBA ’77)*
Sridhar Moorthy*
NBBJ LP
Neil & Shirley Macdougall Fund
at the Toronto Community Fdn.
Huu Trung Nguyen (MBA ’87) E
Jay Nicholson (MBA ’02)* C
Richard Noronha
John D. Ogden (MBA ’62)*
Daniel A. Ondrack (MBA ’65)*
Chris Pandoff (MBA ’05) M
Ian Donald Parker (MBA ’92)
Donald W. Parkinson (MBA ’62)*
Anita and Chandran (DBA ’77,
MBA ’79) Ratnaswami*
Gail Regan (MBA ’78)
Marc Reppin (MBA ’04)*
Jennifer Riel (MBA ’06)
Andrea Rudnick (MBA ’96) M
Samsung Electronics Canada Inc.
John Sartz (MBA ’80)*
Prateek Saxena (MBA ’05)
Thomas C. Sears (DBA ’85,
MBA ’88)
Amir Shalaby (MBA ’78)*
Jeffrey C. Shin (MBA ’82)*
Lawrence Shum (MBA ’86)*
Suzanne J. Spragge*
Brian Tanner
John A.Tory
John M. Usher (MBA ’79,
PhD ’90)*
Anil Verma*
Norris W.Walker (MCom ’58)*
Scott Roger Wambolt (MBA ’03)*
John M.Warwick (MBA ’78)*
Evelyn S.Wong (MBA ’74)*
Ruth G.Woods (MBA ’84)*
Laval Yau (MBA ’86)
Joseph Yun (MBA ’06)
Anonymous (4)
6
$500–$999
Peter Alessi (MBA ’93)
Glenn Masao Asano (MBA ’94)* C
Daisy Azer (MBA ’96)
C I
Barrick Gold Corporation
Bell Canada
Michael C. J. Beamish (MBA ’70)*
Arzhang Beheshti (MBA ’04)*
Jennifer Berdahl
William J. Biggar (MBA ’75)*
John R. Bird (MBA ’71,
PhD ’75)*
Theodore S. Borek (MBA ’75)
Shimmy Brandes (MBA ’02)*
Leonard J. Brooks (MBA ’67) C
Charlene Gwen Butler
(MBA ’95) *
Francois Cartier (MBA ’07) C
Paul M. Casey
Michael Chazot (MBA ’99) I
Ruth C. F. Chung (DBA ’71,
MBA ’73)
Doug Collier (MBA ’89)
Purdy Crawford
Beatrix Dart*
Yves Denomme
Lucio T. Di Clemente (MBA ’90)
Nicholas (MBA ’75) and
Susan Dietrich*
Peter D. Dungan*
John Langley Easson (MBA ’94)
Heather-Anne Edwards Irwin
Patrick Ferrier (MBA ’05)*
David and Yvonne (MBA ’91)
Fleck
Ian Fraser (MCom ’57)*
Rachel Gillespie (MBA ’07) and
Sean Martin (MBA ’02) M
Avi Goldfarb*
Catherine (Ward) Graham
(MBA ’01)*
Thomas E. Gray (MBA ’75)
Tony Gray (MBA ’00)
Gordon Hayes (MBA ’96)
George W. P. Hayhurst (DBA ’67,
MBA ’68)* C
Frederick Heath (MBA ’76,
PhD ’86)
William R. Hellings (MBA ’70)*
Hodgson Shields LLP
Yale Marshall Holder (MBA ’06) I
James A. Hughes (MBA ’77)
Gurpreet Hundal (MBA ’93)
The Honourable Henry N. R.
Jackman
Mark G. Johnson (MBA ’88)
Meredith Leigh Johnson
(MBA ’07)
William M. Jones (MBA ’68)
Linda Jussaume (MBA ’06) C
Raymond Kan*
Seokjin Kim (PhD ’05)
A. Douglas King (MBA ’65)*
Anthony Koon Hung Ko
(MBA ’91)
Arjun Kumar (MBA ’02)
Glen (MBA ’92) and Susanne
(MBA ’92) Ladouceur
Geoffrey Leonardelli*
Al Leong (MBA ’06)
Michael S. Levy (MBA ’69)*
Matthias Li (MBA ’79)*
Sophie Xiaoyu Liang (MBA ’07)
Robert Ljubisic (MBA ’06) C
Hai Lu*
Tom Mihalik
Cheryl Millington *
Mihnea Moldoveanu *
William P. Molson (MBA ’81) C
Angela Moy (MBA ’96)*
Esther Mui (MBA ’75)*
Jeff Muzzerall*
David (MBA ’04) and
Mariana (MBA ’04) Nava*
Kim Neutens
Robert Man-Chiu Ng (MBA ’93)*
Luke Hanson O’Brien (MBA ’03)
Hamid Omoumi (MBA ’93)
Carol S. Perry (MBA ’78)
Lukasz Pomorski
Joyce Rankin (MBA ’05) *C
Harold I. Redekopp (MBA ’87)*
Paul Richards (MBA ’62)
Joanna Rotenberg (MBA ’01)*
Wendy D. Rotenberg (MBA ’83,
PhD ’87)*
Gary Ryan (MBA ’01)* C
A. Edward Safarian*
R. Gary Seagrave (MCom ’59)*
Norman (MBA ’92) and
Janet Shiner (MBA ’04)*
Wally J. Smieliauskas*
Gregory W. Smith (MBA ’98)
Richard Jean Smith (MBA ’01) * M
Elizabeth Steele-Neilson
(MCom ’58)
Jane and Ted Stephenson
Michael Tamayo (MBA ’96)
Jack R.Thompson*
Martha J.Tory
Heather and Jeff Ullman*
Christopher W.Wiegand
(MBA ’93)*
Gordon A.Wilson (MBA ’60)*
Thomas A.Wilson*
Anita Marie Windisman
(MBA ’03)*
Moon Hung Franco Wong
Mary-Ellen Yeomans*
Anonymous (4)
$250–$499
2158-4933 Quebec Inc
Accenture Inc.
Ajay Agrawal*
Peter A. Allen
David E. Andrews (MBA ’99)*
Efrain Armijos (MBA ’02)
Neil Aubuchon (MBA ’98)* E
David J. Baker (MBA ’70)
John F. Bankes
Dushan Batrovic (MBA ’03)*
Jalynn Bennett
Michal Berman (MBA ’03) C
Oded Berman *
Peter-Paul J. Bloemen (MBA ’91)
William R. C. Blundell
Julia Bonin (MBA ’08)
Alice Born (MBA ’90)
H. Ronald Bourdeau (MBA ’89)*
Iain R. Burnett (MBA ’03)* I
H. Michael Burns
Robert W. Cawker (MBA ’99)
Mark Lawrence Chaikelson
(MBA ’04)
Chair-man Mills Inc.
Sumit Kumar Chakraborty
(MBA ’99)
Eric Y.W. (MBA ’77) and
Linda Y. H. Chan*
Garry Yiu Chu Chan (MBA ’03) M
Matthew H.T. Chan (MBA ’02) E
Matthew Robert Chapman
(MBA ’00)
Robert Jiong Chen (MBA ’07)
Stella Hong Chen (MBA ’06)
Victor Chen (MBA ’99)
Naichu Cheng (MBA ’07)
Paul Choy (MBA ’02)*
Karen Christensen*
Jennifer Churchill
Brian G. Clark (MBA ’71)*
Jeffery Coles (MBA ’06)
Daniel Cushing (MBA ’97)*
John M. Cvecich (MBA ’93)
Hilari P. D’Aguiar (MBA ’77)
George Daicos (MBA ’88)
Leslie Dan (MBA ’59)
Michael Daniels (MBA ’05)
Michael Ryan Dary (MBA ’07)
Andrew J. Davies (MBA ’05)
Donald R. Dawson (MCom ’51)
Leelah E. Dawson (MBA ’91)*
Gus De Franco
Michael Don Demeter
(MBA ’01)* M
Peter J. Dey
Govind Vyas Dharwada (MBA ’04)
Richard Dice (MBA ’04)
David Diestel (MBA ’02)*
Jane Donaldson (MBA ’99)*
Jackson Chun-Wen Doong
(MBA ’05)
Robert C. Dowsett
Patricia Dunbar (MBA ’93)*
John C. Eaton*
H. Garfield Emerson
Arthur C. Eng (MBA ’04)
Bill Etherington
Teng Wen Fan (MBA ’08)
Anthony Fell
Cameron L. Fellman
(MBA ’65)* C
Eugenio Gbolade Ferreira
(DIFA ’04)
Warren W. H. Finlay (MBA ’92)*
Louis Florence (MBA ’03)*
Franmed Consultants (1993) Inc.
Brent Furneaux (MBA ’04) C
John Roberts Fydell (MCom ’57)*
David A. and Judy K. Galloway
Michael A. Garratt (MBA ’89)*
David M. Gee (DBA ’70,
MBA ’71)
Gluskin Sheff + Associates Inc.
John G. Goemans (MBA ’85)
Robert T. Gosse (MBA ’98)
Masami Goto (MBA ’89)* E
Anthony F. Griffiths
Tanbir Grover (MBA ’05) C
Jordan Hague (MBA ’07)
Aran D. Hamilton (MBA ’99)
C I
Rosemary Hannam (MBA ’03)
John C. Harris (MBA ’89) C
Larry Harrison
Jonathan Wade Hess (MBA ’01)*
Jennifer Hildebrandt*
Paul Holden (MBA ’03)*
Michelle Lesley Horowitz
(MBA ’95)
Tom Hyde (MBA ’05)
Hydro One Employees’ and
Pensioners’ Charity Trust
Ivanhoe Cambridge
David A. Jarvis (MBA ’03)
Santosh Damodar Kamat
(MBA ’99)
Solly Karkoukly (MBA ’70)*
Samuel Kauffman (MBA ’70)
Mark Kerzner (MBA ’00)
Jin Gyo Kim (PhD ’02)
Neil King (MBA ’06)
Kenneth R. Knights (MBA ’58)
Daniel B. Kolber (MBA ’98)
Manfred Koo (MBA ’02) CIM
Lisa Kramer
Anders Kruus (MBA ’90)
Karin W. Kwan (MBA ’93)
Charles Lannon (MBA ’05)
Kevin A. LeBlanc (MBA ’92)
Michael E. LeBlanc (MBA ’91)
Real LeClerc (MBA ’96)
Bernard M. Lewis (DBA ’72,
MBA ’73)
Paul Yiming Li (MBA ’05)
Andrew G. Lim (MBA ’04)*
Sam Lim (MBA ’93)
Jie Lin (MBA ’07)
Ling Gina Lin (MBA ’07)
Robert E. Lord
Michelle Catherine Lozano
(MBA ’07)
Steve Lux (MBA ’05)
Bartlett H. MacDougall
Kenneth Scott Alexander
MacMillan (MBA ’08)
Dan Mader (MBA ’04)
Gilles E. Madore (MBA ’87)*
Kamal F. Mahmud (MBA ’05)
James P. Mahoney (MBA ’88)* M
Kevin Lem Mak*
Alison R. Manzer (MBA ’84)
Allan W. Mark*
Ewan D. Mason (MBA ’92)
John M. Maxted (MBA ’95)*
Gilbert G. McIntee (MBA ’72)
Darren P. M. McLennan
(MBA ’98)
Jamie M. McVicar (MBA ’82)*
Richard J. Meertens (MBA ’91)*
Michael A. Meighen
Augustin Diakiesse Milandu
(MBA ’07)
Maria Milanetti (MBA ’89) CM
Joseph Milner*
Jennifer Molluso (MBA ’05)
Ali Mozaffari (MBA ’05)
Mary Helen Mullens (MBA ’02)
Bernadette C. Naumann
(MBA ’99)
Rajiv Nayan (MBA ’06)
William R. Nelson (MBA ’87)
New Flyer Industries Inc.
John Oesch*
Alexander Oganov (MBA ’07)
John T. Ostrander (MBA ’99)
Shruti Owerie (MBA ’06) C
Felipe Souza Papaleo (MBA ’04) I
Edward Pearl (MCom ’47)*
Michelle Perrotta*
David R. Peterson
Anton Pfisztner (MBA ’02)*
Darrell Pinto (MBA ’04)
Ferdinand O. Porsche (MBA ’96)
Matthew Protti (MBA ’05)
David Pyper (MBA ’89)* C
Sabaa Quao (MBA ’03)
Norman W. Quon (DBA ’70,
MBA ’71)*
Stephen James Redden (MBA ’00)
John A. Rhind (MCom ’53)
David Robertson (MBA ’97)
R. Douglas B. Robertson
(MBA ’85)
F. Ross (MBA ’56) and
Susan L. Johnson
Jared Hartley Ross (MBA ’05)
Maria Rotundo*
Leslie Joy Salmons (MBA ’03)
Jim Sami (MBA ’92)*
Deanne Saunders*
James E. Seidewand (MBA ’74)
Vincenza Sera (MBA ’82)
Bhagawati Sharan (MBA ’08)
Anuja Sheth (MBA ’06)
Janet Shih (MBA ’04)
Daniel Shimmerman (MBA ’96)
Harry H. Shore (MBA ’56)*
Gabriel Shtern (MBA ’08)
Jamie Shulman (MBA ’96)
Lioudmila Siniagina (MBA ’08)
Lise Hernandez Girouard and
Bradley Smith (MBA ’04)
Sean Sofin (MBA ’02)
Olav Johann Sorenson
Christopher Hall Spafford
(MBA ’00)
Spencer Stuart & Associates Ltd.
Ira M. Stambler (MBA ’91)
Jennifer Lynn Steckel Elliott
(MBA ’99)
Michael Stein
Peter J. Stephenson
Toby Mina Stewart (MBA ’94)*
Pamela Strachan*
Rizwan Suleiman (MBA ’02) CM
Daniel F. Sullivan (MBA ’71)
Mark B. Synnott (MBA ’90)* E
Giuseppe Tassone (MBA ’02) I
The Toronto-Dominion Bank,
Legal Department
Andrew Thomson (MBA ’90)*
Torquest Holdings Inc.
Management Services
The Toronto Star
TransAlta Corporation
TransCanada Corporation
Daniel Trefler
Patricia B.Tremaine (MBA ’97)*
Douglas Tucker (MBA ’04)
David Russell Turner (MBA ’05)
Timothy N. Unwin
Jane Van Alphen (MBA ’02) I
Michael Vanderkaden (MBA ’01)*
Edmond F.Vanhaverbeke
(MBA ’89)
Darlene Varaleau (MBA ’95)* CI
Alan Vihant (MBA ’94)
Charles Vincent (DBA ’79,
MBA ’83)
Louise A.Walker (MBA ’97)
Lal Wanniappa (MBA ’05)
Mark Weber*
Bruno Leo Welt (MBA ’05)
Forbes West (MBA ’70)
Ted White (MBA ’62)*
George Wong (MBA ’04)
Hilen Wong (MBA ’03)
Albert Wu (MBA ’84)
Chai Him Yee (MBA ’74)*
Amy Young (MBA ’08)
Jenny Danyang Zhao (MBA ’06)
Vlado J. Zrinscak (MBA ’00)
Anonymous (6)
* 3-year consecutive donor to the
Rotman School
E – Regional Envoys
C – Class Champion
I – Integrative Thinking Practicum
Volunteer
M – Rotman Mentors
This list has been checked for
accuracy, but errors may have
occurred. If you have not been
appropriately recognized, please
let us know and we will correct the
oversight in future publications.
7

The Rotman Vision Fund
An Investment in the Future
The annual Vision Fund campaign is one of the key fundraising
initiatives at the Rotman School. Annual gifts from our alumni
and friends support the School’s top strategic priorities
including faculty research and recruitment, student and alumni
programs and curriculum development.
In 2007–2008 our goals were to not only increase donations
to the Vision Fund, but to also increase the number of
donors.We are pleased to report that we surpassed our goal
in both areas.We raised over $425,000 in unrestricted support
for the School, up 27 per cent from 2006–2007.We
also increased our donors by 26 per cent, to nearly 1,000
supporters who made an annual contribution.
All of this growth means even more success for the Rotman
School. Support for the Vision Fund enables us to adapt quickly
and remain competitive by giving our leaders the flexibility
they need to fund both growing and emerging initiatives. Some
examples of the impact the Vision Fund had include; increasing
the class size of our MBA program by five per cent, hiring 15
new faculty members from around the world in 2007–2008
(including renowned urban thinker Richard Florida) and
introducing the Design Study Tour which took Rotman students
to the Stanford Institute of Design as well as a number
of design-friendly firms in Silicon Valley.
8
The annual Vision Fund
increased giving by 27 per
cent and also increased
donors by 26 per cent.
Additionally, the generosity our alumni and friends show in
supporting the Vision Fund helps provide a base for future
gifts. Our donors feel that their gifts are a worthwhile investment.Their
continued support inspires others to want to
step up and be a part of something exciting, whether it is giving
$50 for the first time, increasing their annual support to
the leadership level, or remembering Rotman in their estate
planning. Gifts to the annual fund are a significant part of
how we move forward and take Rotman to the next level.
Alumni Support
Alumni are key ambassadors for the Rotman School.They
support us in many ways, including making gifts to the annual
Rotman Vision Fund. In 2007–2008 we were pleased to see
more alumni than ever before making a smart investment by
contributing to the Rotman School. Here are just a few of the
ways our alumni help contribute to the growth of the annual
fund:
• In the area of leadership annual giving (gifts of $1,000
–$25,000), we saw giving increase by 26 per cent and the
number of donors increase by 19 per cent.The majority of
this growth is in alumni giving
• University of Toronto students, calling on behalf of the
Rotman School, raised nearly $45,000 from our alumni —
an increase of nearly 40 per cent over last year
• Since the Vision Fund’s inception in 2002, alumni participation
has grown by five per cent.
Student Giving
For a second year, the Graduate Student Giving Campaign
generated gifts to continue improving interaction between
students and alumni at Rotman.Thanks to the generosity of
so many students, the School can now build upon the success
of recent events, enhancing both content and participation
for students and alumni alike. As well, the campaign revenue
will help facilitate the redesign of the My C.C.C. section of
the Student Portal, providing quicker and easier access to
alumni volunteer contacts.
Faculty/Staff Campaign
As it has in each of the past four years, this spring’s
Faculty/Staff Campaign set a new fundraising record.This
unique opportunity, which allows those who work at the
School to support Rotman and its strategic goals, generated
just under $95,000. 51 per cent of faculty and staff participated
in the campaign.
This year’s Faculty/Staff Campaign was made possible through
the tremendous efforts of our six volunteer co-chairs.
Returning as the Senior Management Chair was Richard
Powers, assistant dean and executive director, MBA programs.
Faculty Co-Chairs were David Dunne, adjunct professor of
marketing and co-director, Rotman Teaching Effectiveness
Centre, and Eric Kirzner, professor of finance and John H.
Watson Chair in Value Investing. Serving as Staff Co-Chairs for
a second year were Jennifer Hildebrandt, manager, special
events and communications, and Lynda Paterson, MBA
recruitment communications officer. Joining them this year
was Marisa Ciappara, program coordinator, EMBA.
If you have any questions about how to make an annual
gift please contact the Rotman Vision Fund office at
visionfund@rotman.utoronto.ca or at 416.946.3975.
9

Financial Report and Statistics
Operating Revenue
For Fiscal Years 2007–08 (All Sources)
University Base Allocation
Tuition & Other Fees
Government Funding
Executive Education Programs
Rotman Vision Fund
(including annual fund) (1)
Expendable Donations (1)
Endowment Income
External Recoveries
Miscellaneous Income
Total
10
Operating Gross Expenditure
For Fiscal Years 2007–08 (All Sources)
Salaries & Benefits
Equipment and Furnishings
Supplies and Services
Space & Building Services
Program Delivery
Marketing & Communication
Research (2)
Student Financial Aid (2)
Other Costs
UT Overhead
Total
$
12,854,748
22,839,029
5,463,904
18,926,621
321,767
4,914,773
2,781,104
3,322,538
2,246,406
73,670,889
$
41,583,849
945,645
846,531
2,086,028
8,247,457
3,315,967
2,747,082
5,392,232
4,334,647
3,212,067
72,711,505
(1) Rotman Vision Fund and Expendable donations:
Unrestricted operating revenue only
(2) Research and Student Financial Aid Operating expense only.
Year End Results 959,384
%
17.4%
31.0%
7.4%
25.7%
0.4%
6.7%
3.8%
4.5%
3.0%
100%
%
57.2%
1.3%
1.2%
2.9%
11.3%
4.6%
3.8%
7.4%
6.0%
4.4%
100%
Pledges and Payment
As of April 30, 2008
Endowed Non-Student Aid
Endowed Student Aid
Sub-Total Payment and Pledges
Expendable Non-Student Aid
Expendable Student Aid
Sub-Total Payment and Pledges
Capital
Gifts-in-Kind
Total: Payment and Pledges
Based on our Rotman Development Report
$
41,998,440
13,086,643
55,085,083
54,048,909
1,699,013
55,747,922
8,014,425
14,716
118,862,145
Breakdown of Fundraising Endowment
As of April 30, 2008
Chairs
Professorships
Rotman Endowed Trust
Student Aid
Other Programs*
Total Payment and Pledges
*Breakdown of Other Programs
Rotman/Bonham Centre for Finance
Marcel Desautels CCMF Journal
of Integrative Thinking
Marcel Desautels Centre for
Integrative Thinking
Dean's Excellence in Teaching &
Research Award
AIC Institute for Corporate Citizenship
Petro-Canada Young Innovators Award
The Judy Project: Leadership Forum
for Executive Women
Total Other Programs
Based on our Rotman Development Report
$
25,434,495
509,027
9,422,020
12,709,692
5,301,075
53,376,309
1,075
1,000,000
1,000,000
100,000
3,000,000
200,000
0
5,301,075
%
46.34%
46.90%
6.74%
0.01%
100%
%
47.65%
0.95%
17.65%
23.81%
9.93%
100%
Rotman Boards
Dean’s Advisory Board
Members of the Dean’s Advisory Board possess
diverse backgrounds and stellar experience.
The board provides advice and an external
perspective to Dean Roger Martin as he leads
the Rotman School.
Hilary Austen
W. Geoffrey Beattie
Deputy Chairman
Thomson Reuters
David R. Beatty
Director, Clarkson Centre for Business Ethics
Rotman School of Management
Fares Boulos (MBA ’79)
Adjunct Professor of Strategy and
Management INSEAD
Tim Dattels
Partner
TPG Capital, LP
Chrystia Freeland
US Managing Editor
Financial Times
Lalita Gupte
Chair
ICICI Ventures
Daisy Ho (MBA ’90)
Deputy Managing Director and CFO
Shun Tak Holdings
Peter Kadas
Director
New World Resources
Gerry Mabin
Founder
The Mabin School
David Samuel
Principal
Birch Hill Equity Partners
A. Michael Spence
Professor Emeritus
Stanford University
George Stalk
Senior Vice President and Director
Boston Consulting Group
Doug Steiner
Chairman and CEO
Perimeter Financial Corp.
Belinda Stronach
Executive Vice-Chairman
Magna International Inc.
The Rotman Vision Fund Board
The Vision Fund Board is a group of alumni
who solicit peer-to-peer gifts on behalf of the
Rotman School and educate others about the
importance of annual giving.
Fariba Anderson (MBA ’04)
Managing Partner & Chief Practise Officer
The Manta Group
Harvey Botting (MBA ’85)
Merle Kriss (MBA ’77)
President
Kriss & Associates Limited
Joyce Rankin (MBA ’05)
Manger, Med/Surg/Neuro ICO
Toronto Western Hospital
University Health Network
Amir Shalaby (MBA ’78)
Vice President Power System Planning
Ontario Power Authority
Rotman Alumni Board
The Rotman Alumni Board works to improve
communications between the Rotman School
and its alumni; engages alumni in mentoring,
training and recruitment of Rotman students;
and serves to strengthen ties between the
Rotman School and business community.
Daisy Azer (MBA ’96)
Michal Berman (MBA ’03)
President
B-Innovative Inc.
Kimberly Cohen (MBA ’95)
CEO
Brown & Cohen Communications & Public
Affairs Inc
James D. Coutts (MBA ’99)
President & Founder
J D Coutts Group Inc
Cameron L. Fellman (MBA ’65)
Partner
inFORM Inc.
Jane S. Gertner (MBA ’76)
Principal
Jane Gertner Associates Inc
Franklin L. Hall (MBA ’80)
Managing Director
Hall Motorsport Management Ltd.
Manfred Koo (MBA ’02)
Senior Consultant
Courtyard Group
Gerald Legrove (MBA ’85)
President
Oakwood Financial Inc.
Jay Nicholson (MBA ’02)
Associate VP, National Sales Manager
TD Canada Trust
Shruti Owerie (MBA ’06)
Account Director
JWT Enterprise
Desmond Preudhomme (MBA ’99)
Manager, Project Management
Dell Canada
Andrea Rudnick (MBA ’96)
Vice President Corporate Development and
Investor Relations
Dundee Wealth Inc
Rizwan A. Suleiman (MBA ’02)
Institutional Equity Research
Credit Suisse Canada
11

Darlene A.Varaleau (MBA ’95)
Principal
Power Projects Inc.
Anita Marie Windisman (MBA ’03)
Account Manager, Corporate Health Services
Medisys Health Group
The Rotman International
Centre for Pension Management
Board of Directors
The Rotman ICPM Board of Directors
approves and oversees the implementation of
the Centre’s strategic and operating plans.
The ICPM Board is comprised of both
Rotman faculty and recognized international
industry leaders.
Rob Bauer
Professor of Institutional Investors,
Faculty of Economics and Business
Administration
Maastricht University
Robert Bertram
Executive Vice President, Investments
Ontario Teachers’ Pension Plan Board
Laurence Booth
Finance Area Coordinator and CIT Chair in
Structured Finance
Rotman School of Management
12
Brendan Calder
Adjunct Professor of Strategic Management
and Effective Executive-in-Residence
Rotman School of Management
Richard Guay
Acting President and Chief Executive Officer
and Chief Investment Officer
Centre CDP Capital
Don Raymond
Senior VP Public Market Investments
CPP Investment Board
In-Residence
The In-Residence program provides valuable
extracurricular learning opportunities by connecting
industry experts with Rotman MBA
students. Volunteers hold office hours and
meet with students to provide advice, guidance
and information relating to their respective
areas of business expertise.
Larry Baldachin (MBA ’94)
E-Executive-in-Residence
Elizabetta Bigsby
Executive-in-Residence
Brendan Calder
Effective Executive-in-Residence
Edward J. Kernaghan
Value Investor-in-Residence
Aubrey Sugar
Executive-in-Residence
Larry Wasser
Entrepreneur-in-Residence
Ron Yamada
Health and Life Sciences Sector Strategy
Executive-in-Residence
Rotman at a Glance
Where We Stand
BusinessWeek ranks Rotman in
the “International Top Ten”
(October 2006)
The Financial Times
ranks Rotman:
- 40 th among the top 100 MBA
programs in the world
- Top 20 in North America
- Top 20 worldwide for faculty
research
- Top 20 worldwide for alumni
recommendations
- 8 th worldwide for international
faculty
- 6 th worldwide for finance
(January 2008)
Some Top Employers Others Hiring 2007 Grads
Bell Canada Enterprises
BMO Financial Group
CIBC
Deloitte Consulting
IBM Canada Ltd.
RBC Financial Group
Scotiabank
Smart Centres
TD Bank Financial Group
Full-Time MBA Class of 2009
Area of Origin
Europe
Latin America and the Caribbean
North America
Asia
Africa and Middle East
International Faculty *
Rotman
Columbia
Stanford
Harvard
Wharton
* Financial Times 2008 MBA Rankings.
4
10
171
75
4
67%
62%
40%
40%
35%
Accenture
Bruce Mau Design
Dundee Wealth Management
FedEx
GlaxoSmithKline
Infosys Technologies
Kraft Canada
World Vision Canada
Alumni By Industry
Financial Services
Professional Services
IT/Telecommunications
Manufacturing/Engineering/Chemical
Consumer Goods/Retail
Education
Health Care/Pharma
Independent Consultant
Government/Public Services
Power/Energy/Utilities
Real Estate/Construction
Media/Publishing/Entertainment
Transportation/Distribution
Associations/Not for Profit
Agriculture/Natural Resources
Hospitality/Food Service/Travel
27.1%
16.4%
11.2%
7.1%
5.7%
5.7%
5.4%
5.3%
3.5%
3.3%
3.2%
2.1%
1.1%
1.1%
1.0%
0.8%
13

To play a part in fulfilling the Rotman School’s vision,
please contact one of the following members of our
team to discuss current giving opportunities:
Ann Hatch
Executive Director, Development
ann.hatch@rotman.utoronto.ca
Tel: 416.946.7841
Karen Papazian
Associate Direct, Development
karen.papazian@rotman.utoronto.ca
Tel: 416.946.3622
Brian Tanner
Manager, Annual Giving
brian.tanner@rotman.utoronto.ca
Tel: 416.946.0439
Heather Ullman
Associate Director, Annual Fund
heather.ullman@rotman.utoronto.ca
Tel: 416.946.3975
Rotman School of Management
University of Toronto
105 St. George Street
Toronto, Ontario, Canada M5S 3E6
For more information or to make a gift on-line, visit
rotman.utoronto.ca/supportrotman
Charitable Registration Number 10816 2330 RR0001