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<strong>Exchange</strong><br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business Alumni <strong>Magazine</strong> | <strong>Fall</strong> <strong>2003</strong><br />

# FUQUA EXCHANGE<br />

Worldwide Reach<br />

spanning the globe<br />

page 14 page 16 page 18<br />

STAYING CONNECTED JOINING FORCES<br />

BRANDING FUQUA


Calendar <strong>of</strong> Events<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business for the months <strong>of</strong> December <strong>2003</strong> through February 2004<br />

December <strong>2003</strong><br />

November 30–December 12<br />

The <strong>Duke</strong> MBA–Global<br />

Executive Class <strong>of</strong> <strong>2003</strong><br />

residency in Durham<br />

11–13<br />

<strong>Duke</strong>’s Global Capital Markets<br />

Center & The New York Stock<br />

<strong>Exchange</strong> Conference on Current<br />

Issues in Institutional Trading<br />

Ritz-Carlton Palm Beach<br />

Palm Beach, Florida<br />

12<br />

The <strong>Duke</strong> MBA–Global Executive<br />

Class <strong>of</strong> <strong>2003</strong> graduation<br />

26–January 12<br />

Global Academic Travel<br />

Experience (GATE) trips Southeast<br />

Asia and Australia/New Zealand<br />

January 2004<br />

10–17<br />

The <strong>Duke</strong> MBA–Cross Continent<br />

Class <strong>of</strong> 2005 residency (entire<br />

class in Germany)<br />

17–23<br />

The <strong>Duke</strong> MBA–Cross Continent<br />

Class <strong>of</strong> 2004 residency in<br />

Durham and Germany<br />

26–31<br />

The <strong>Duke</strong> MBA–Weekend<br />

Executive Class <strong>of</strong> 2005<br />

orientation and classes<br />

27<br />

Distinguished Speaker<br />

Jeffrey G. Katz, chairman,<br />

president and CEO, Orbitz<br />

February 2004<br />

10<br />

Distinguished Speaker<br />

Anne M. Mulcahy, chairman<br />

and CEO, Xerox Corporation<br />

22–March 5<br />

The <strong>Duke</strong> MBA–Global Executive<br />

Class <strong>of</strong> 2004 Asia residency<br />

24<br />

Distinguished Speaker<br />

Alan I. Casden, president and<br />

CEO, Casden Properties, LLC<br />

29–March 5<br />

Executive Education:<br />

Innovative Leadership<br />

THE CAMPAIGN FOR DUKE: FOCUS ON THE FINISH<br />

December 31, <strong>2003</strong>, marks the end <strong>of</strong> the Campaign for <strong>Duke</strong>. It<br />

has been a successful campaign across <strong>Duke</strong> and The <strong>Fuqua</strong> <strong>School</strong><br />

<strong>of</strong> Business in particular. To sustain excellence as a leader that is<br />

helping define management education in the 21st century, <strong>Fuqua</strong><br />

needs maximum support for these top priorities:<br />

◆ Ensuring annual and long-term unrestricted support<br />

◆ Recruiting and retaining top faculty<br />

◆ Continuing innovation and expansion <strong>of</strong> academic programs<br />

Meeting these needs will help <strong>Fuqua</strong> remain strategically positioned as<br />

a top-tier business school worldwide. Your participation is important. Be<br />

counted among those who have been a part <strong>of</strong> the Campaign for <strong>Duke</strong>.<br />

For information on making a campaign gift, please contact<br />

Joshua Bond, Director <strong>of</strong> Development<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

919.660.7698 • joshua@mail.duke.edu • www.fuqua.duke.edu<br />

Save the Date!<br />

ALUMNI REUNION WEEKEND<br />

APRIL 23–25, 2004<br />

FOR CLASS YEARS ENDING<br />

WITH 4 AND 9


Editor<br />

Angela Thomas<br />

acthomas@mail.duke.edu<br />

Assistant Editor<br />

Nancy Harper<br />

nh1@mail.duke.edu<br />

Contributing Writers<br />

Pamela Babcock, Jon Bock, Nick Felten,<br />

Jim Gray, John Manuel, William Priest,<br />

Angela Thomas<br />

Design<br />

Gamil Design<br />

Photography<br />

<strong>Duke</strong> University<br />

Printing<br />

Harperprints<br />

<strong>Fuqua</strong> Administration<br />

Douglas T. Breeden, Dean<br />

Robert Ashton, Dean <strong>of</strong> the<br />

<strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business Europe<br />

Richard Staelin, Deputy Dean<br />

William Boulding, Associate Dean<br />

for Daytime MBA Program<br />

John F. Cady, Associate Dean<br />

for Executive Education<br />

Nevin W. Fouts, Associate Dean<br />

for Information Technology<br />

James A. Gray III, Associate Dean<br />

for Marketing & Communications<br />

Dan Nagy, Associate Dean for<br />

Admissions and Recruiting<br />

Jill Worthington, Associate Dean<br />

for Finance and Administration<br />

14 16 18<br />

<strong>Exchange</strong> <strong>Magazine</strong> <strong>Fall</strong> <strong>2003</strong> VOLUME 16, NUMBER 3<br />

SCHOOL NEWS<br />

3 Faculty News, Geneva Conference,<br />

Global Executive Students in China,<br />

International Marketing Practicum<br />

Program, Executive Education<br />

Tailored Courses, Student Spotlight,<br />

Admissions Pr<strong>of</strong>iles<br />

FEATURED ARTICLES<br />

14 Staying Connected<br />

<strong>Fuqua</strong> uses various types <strong>of</strong> technology<br />

to span the globe. From wireless networks<br />

to distance learning platforms,<br />

<strong>Fuqua</strong> is able to stay connected with<br />

alumni, students and friends around<br />

the globe.<br />

16 Joining Forces<br />

By aligning with others, <strong>Fuqua</strong> has<br />

increased its reputation in the global<br />

arena. Whether it is a student spreading<br />

the <strong>Fuqua</strong> name or <strong>Duke</strong> Corporate<br />

Education partnering with the London<br />

<strong>School</strong> <strong>of</strong> Economics, <strong>Fuqua</strong>’s status as<br />

a worldwide leader continues to expand.<br />

18 Branding <strong>Fuqua</strong><br />

It takes significant investments <strong>of</strong> time<br />

and money to brand a school successfully.<br />

In order to ensure that <strong>Fuqua</strong><br />

remains an innovative leader in the<br />

business school world, the <strong>Duke</strong> MBA<br />

brand must remain prominent in the<br />

marketplace.<br />

Page 20: This issue’s Industry Byline is contributed by William W. Priest,<br />

co-managing partner, Steinberg Priest & Sloane Capital Management<br />

20 Why the World Works in<br />

the Long Run: The Law <strong>of</strong><br />

Comparative Advantage<br />

William W. Priest, co-managing<br />

partner <strong>of</strong> Steinberg Priest & Sloane<br />

Capital Management, Inc., gives<br />

several examples <strong>of</strong> the law <strong>of</strong><br />

comparative advantage.<br />

ALUMNI NEWS<br />

23 Letter from Alumni Relations Director<br />

24 Alumni Pr<strong>of</strong>iles–Henry Danziger CC ’02,<br />

Teresa Helmlinger E ’85, Constantine<br />

Zepos ’93<br />

30 Class Notes<br />

36 Isle Maligne Society Donor List<br />

40 Alumni City Contacts<br />

<strong>Exchange</strong> <strong>Magazine</strong><br />

Published quarterly by The <strong>Fuqua</strong> <strong>School</strong><br />

<strong>of</strong> Business, <strong>Duke</strong> University, Box 90118<br />

Durham, North Carolina 27708-0118<br />

©<strong>2003</strong>, The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business,<br />

<strong>Duke</strong> University<br />

FALL <strong>2003</strong> 1


NEWS<br />

Distance is no longer a factor<br />

when considering an MBA<br />

from <strong>Duke</strong>. Our students can<br />

live and work anywhere<br />

in the world and feel the<br />

same connection they would<br />

feel if they lived in the<br />

Research Triangle.<br />

2 FUQUA EXCHANGE<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

From the Dean<br />

<strong>Fuqua</strong> spans the globe in a number <strong>of</strong> ways, and in<br />

this issue <strong>of</strong> <strong>Exchange</strong>, we hope to show the impact<br />

we are having across the world.<br />

One <strong>of</strong> our main goals at <strong>Duke</strong> is to keep our students,<br />

faculty, staff and alumni connected to each<br />

other. We have so many resources for doing this, and<br />

we are especially proud <strong>of</strong> our technology. Our<br />

“place and space” model <strong>of</strong> teaching made us pioneers<br />

in the field, and now with our Center for<br />

Excellence in Business Education, fondly known as<br />

CEBE, we have made great strides in staying connected<br />

with our executive MBA students. Distance is<br />

no longer a factor when considering an MBA from<br />

<strong>Duke</strong>. Our students can live and work anywhere in<br />

the world and feel the same connection they would<br />

feel if they lived in the Research Triangle.<br />

In addition to our technology, <strong>Fuqua</strong> spans the<br />

globe by joining forces with other schools, organizations<br />

and businesses. In our second feature, you will<br />

see that there is always strength in numbers, so by<br />

creating alliances with others, we can strengthen our<br />

ties in other countries and get the <strong>Fuqua</strong> name out to<br />

a broader audience. We recently saw an example <strong>of</strong><br />

this with our International MBA conference in<br />

Geneva. <strong>Fuqua</strong>, in conjunction with the <strong>Duke</strong> Law<br />

<strong>School</strong>, hosted a great conference that allowed alumni<br />

and friends from around the world to network at a<br />

lifelong learning event.<br />

The positioning and branding <strong>of</strong> The <strong>Duke</strong> MBA<br />

is not something that happens by chance. Our positioning<br />

tactics are very strategic in nature, and we use<br />

many avenues to get the <strong>Duke</strong> and <strong>Fuqua</strong> names out<br />

into the marketplace. We must try to position ourselves<br />

ahead <strong>of</strong> our competitors, all the while keeping<br />

the value <strong>of</strong> the <strong>Duke</strong> MBA as high as possible. We<br />

are seeking the competitive advantage that will put<br />

us ahead <strong>of</strong> other schools and keep us in the top tier<br />

<strong>of</strong> business schools in the world. Our alumni have<br />

been very helpful (especially outside the United<br />

States) in helping us get our message and the <strong>Duke</strong><br />

brand out.<br />

Globalization is a huge part <strong>of</strong> industry today. One<br />

<strong>of</strong> our Board <strong>of</strong> Visitors members, Bill Priest, did a<br />

study on the law <strong>of</strong> comparative advantage in the<br />

context <strong>of</strong> the production <strong>of</strong> goods in different countries<br />

around the world. His study, which you can read<br />

about in this issue, shows the impact that one country’s<br />

economy has on a multitude <strong>of</strong> others. It is this<br />

interconnection that makes the world a smaller<br />

place. This holds true for the economies <strong>of</strong> the world<br />

and in smaller part, for our own business school. By<br />

keeping the <strong>Fuqua</strong> community connected, our<br />

school can continue to grow while maintaining the<br />

collaborative spirit and sense <strong>of</strong> community that is<br />

so prevalent in our everyday lives.<br />

We hope that our alumni and friends will continue<br />

to help us in building the <strong>Duke</strong> brand<br />

throughout the world.<br />

Onward and upward!<br />

Douglas T. Breeden


Faculty News<br />

Two faculty members, Associate Pr<strong>of</strong>essors Janet Bercovitz and Bob<br />

Clemen, have been awarded research grants funded by National Science<br />

Foundation. Bercovitz’s two-year project concerns a study <strong>of</strong> evolving<br />

university-industry relationships from the less frequently examined firm’s<br />

perspective. Her research will contribute to an understanding <strong>of</strong> how university<br />

interaction fits within the firm’s R&D strategy and examine the effects <strong>of</strong> firm<br />

strategy and organizational structure on the types <strong>of</strong> technology-transfer<br />

mechanisms employed by the firm and the ultimate relationship the firm<br />

maintains with the university. Clemens research project considers the role<br />

that expert opinions play in the evaluation <strong>of</strong> technical projects (for example,<br />

anti-terrorism or computer-protection programs). Psychological research<br />

suggests that expert opinions can be biased in systematic ways, and Clemen’s<br />

work looks for ways to correct those biases.<br />

Arie Y. Lewin, pr<strong>of</strong>essor <strong>of</strong> business administration and sociology and<br />

IBM research fellow, was selected as the recipient <strong>of</strong> the <strong>2003</strong> Academy <strong>of</strong><br />

Management’s Distinguished Service Award. This is one <strong>of</strong> the highest honors<br />

bestowed on members <strong>of</strong> the Academy. The award citation acknowledged<br />

Lewin’s contributions to the field through his editorial positions with<br />

Management Science, his role as editor-in-chief <strong>of</strong> the Journal <strong>of</strong><br />

International Business Studies, and most notably, the founding and<br />

development <strong>of</strong> Organizational Science, which in a relatively short period<br />

<strong>of</strong> time has become a premier journal in the field. He was further cited for<br />

his initiation <strong>of</strong> innovative conferences with those journals and was the first<br />

organizationally focused, full-time program director for Decision, Risk and<br />

Management Science at National Science Foundation.<br />

Pr<strong>of</strong>essors James Bettman and Richard Staelin in marketing and Wesley<br />

Cohen and Gerardine DeSanctis in management have received the designation<br />

“Highly Cited Researcher” by the Institute for Scientific Information<br />

(ISI) and are included in ISIHighlyCited.com. ISI has collected cited references<br />

from many millions <strong>of</strong> articles in 21 categories in the years 1981–1999,<br />

resulting in almost 5 million unique author names to yield the initial list for<br />

investigation by the editorial staff. For the initial phase <strong>of</strong> development <strong>of</strong><br />

ISIHighlyCited.com, categories <strong>of</strong> at least 100 researchers from a list <strong>of</strong> the<br />

top 250 most cited names in that category are being released. Inclusion <strong>of</strong><br />

four <strong>Fuqua</strong> faculty members is a highly prestigious honor.<br />

Janet Bercovitz<br />

Bob Clemen<br />

Arie Y. Lewin<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

NEWS<br />

FALL <strong>2003</strong> 3


NEWS<br />

Yun (Clement) Zhang<br />

Peng Sun<br />

Stefania Albanesi<br />

4 FUQUA EXCHANGE<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

Outstanding Faculty Growth<br />

In 2000, the top priority <strong>of</strong> the five-year strategic plan <strong>of</strong> having 95 faculty members by 2005 seemed to be an ambitious goal.<br />

In <strong>2003</strong>, that goal has been surpassed with another record-setting recruiting year <strong>of</strong> 16 new hires. <strong>Fuqua</strong> now counts a total<br />

<strong>of</strong> 99 tenure track faculty members and moves ever closer to the next goal <strong>of</strong> reaching a critical mass <strong>of</strong> 115 faculty members<br />

by 2008.<br />

While building critical mass in all academic areas, finance recruited seven new members for their best recruiting year in<br />

the history <strong>of</strong> the school. Dean Breeden, a long-time <strong>Fuqua</strong> faculty member himself, said “<strong>Fuqua</strong> is big news in the faculty<br />

recruiting market. The academic world is buzzing about who we have recruited.”<br />

ACCOUNTING<br />

Yun (Clement) Zhang<br />

Title: Assistant Pr<strong>of</strong>essor <strong>of</strong> Accounting<br />

Education: Ph.D. in management (expected), Yale University<br />

Most recent employment: Yale <strong>School</strong> <strong>of</strong> Management<br />

Research interests: Auditing, financial reporting, analyst forecast<br />

Hobbies: Reading, archaeology<br />

Favorite book: Art <strong>of</strong> War<br />

Most important factor in teaching: Interacting with<br />

students—not only teaching but also learning from them<br />

DECISION SCIENCES<br />

Peng Sun<br />

Title: Assistant Pr<strong>of</strong>essor <strong>of</strong> Decision Sciences<br />

Education: Ph.D. in operations research, MIT<br />

Most recent employment: Sloan <strong>School</strong> <strong>of</strong> Management, MIT<br />

Hobbies: Jogging, tennis and watching movies<br />

Favorite book: White Deer Campagna (BAI LU YUAN)<br />

Most important factor in teaching: Student satisfaction<br />

ECONOMICS<br />

Stefania Albanesi<br />

Title: Assistant Pr<strong>of</strong>essor <strong>of</strong> Economics<br />

Education: Ph.D. in economics, Northwestern University<br />

Most recent employment: Stern <strong>School</strong> <strong>of</strong> Business,<br />

New York University<br />

Research interests: Macroeconomics, fiscal and<br />

monetary policy<br />

Hobbies: Classical music, sports, travel<br />

Favorite writers: John Steinbeck, Vladimir Nabokov<br />

Most important factor in teaching: Communication<br />

FINANCE<br />

Michael W. Brandt<br />

Title: Associate Pr<strong>of</strong>essor<br />

<strong>of</strong> Finance<br />

Education: Ph.D., University<br />

<strong>of</strong> Chicago<br />

Most recent employment:<br />

The Wharton <strong>School</strong>,<br />

University <strong>of</strong> Pennsylvania<br />

Research interests: Asset<br />

allocation, risk management,<br />

financial econometrics<br />

Michael W. Brandt<br />

Hobbies: Tennis, D.I.Y. (do-it-yourself) home projects<br />

Favorite book: It’s been a long time since I’ve had time to<br />

read for pleasure<br />

Most important factor in teaching: Getting students to be<br />

deeply interested in the material and enjoy learning it<br />

Simon Gervais<br />

Title: Associate Pr<strong>of</strong>essor<br />

<strong>of</strong> Finance<br />

Education: Ph.D. in finance,<br />

University <strong>of</strong> California<br />

at Berkeley<br />

Most recent employment:<br />

The Wharton <strong>School</strong>,<br />

University <strong>of</strong> Pennsylvania<br />

Research interests: Behavioral<br />

finance (in markets and corporations)<br />

Simon Gervais<br />

and organization <strong>of</strong> financial<br />

entities (firms, exchanges, mutual fund industry)<br />

Hobbies: Running, music (especially rock music), hockey<br />

and baseball (watching, reading, playing)<br />

Favorite book: The Boys <strong>of</strong> Summer by Roger Kahn<br />

Most important factor in teaching: Give students a framework<br />

for thinking about corporate finance issues, and not so<br />

much to give them “ready-made answers”


FINANCE (CONTINUED)<br />

Ron Kaniel<br />

Title: Assistant Pr<strong>of</strong>essor <strong>of</strong> Finance<br />

Education: Ph.D. in finance,<br />

The Wharton <strong>School</strong>, University<br />

<strong>of</strong> Pennsylvania<br />

Most recent employment:<br />

University <strong>of</strong> Texas at Austin<br />

Research interests: Investments,<br />

mutual funds, asset pricing,<br />

asset allocation<br />

Hobbies: Skiing<br />

Ron Kaniel<br />

Favorite book: Red Storm Rising<br />

Most important factor in teaching: Helping students<br />

assimilate new material, in an enjoyable environment<br />

Richmond D. Mathews<br />

Title: Assistant Pr<strong>of</strong>essor <strong>of</strong> Finance<br />

Education: Ph.D. in business<br />

administration, University <strong>of</strong><br />

Rochester<br />

Most recent employment:<br />

University <strong>of</strong> Rochester<br />

Research interests: Corporate finance,<br />

applied game theory,<br />

industrial organization<br />

Hobbies: Golf, reading, fishing,<br />

the outdoors<br />

Favorite book: The Hobbit<br />

Most important factor in teaching:<br />

To be an effective communicator<br />

Richmond D. Mathews<br />

Manju Puri<br />

Title: Associate Pr<strong>of</strong>essor <strong>of</strong> Finance<br />

Education: Ph.D. in finance,<br />

New York University<br />

Most recent employment:<br />

Graduate <strong>School</strong> <strong>of</strong> Business,<br />

Stanford University<br />

Research interests: Financial<br />

intermediation in particular<br />

issues dealing with commercial<br />

banks, investment banks and<br />

Manju Puri<br />

venture capital<br />

Hobbies: Reading sci-fi, traveling, interesting<br />

family activities<br />

Most important factor in teaching: That it brings<br />

discipline and structure to your thinking that stays with<br />

you and helps in approaching and solving problems<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

David T. Robinson<br />

Title: Assistant Pr<strong>of</strong>essor <strong>of</strong> Finance<br />

Education: Ph.D. and MBA in finance<br />

from the University <strong>of</strong> Chicago<br />

Most recent employment:<br />

Graduate <strong>School</strong> <strong>of</strong> Business<br />

at Columbia University<br />

Research interests: How financial<br />

considerations affect the organization<br />

<strong>of</strong> corporate investment, mergers<br />

and acquisitions, strategic alliances,<br />

David T. Robinson<br />

joint ventures and the interaction<br />

between law and corporate finance<br />

Hobbies: Cycling (but my newborn son may have something<br />

else in mind)<br />

Favorite books: The Sound and the Fury; The Sun Also Rises<br />

Most important factor in teaching: That students come away<br />

with a body <strong>of</strong> knowledge that sticks with them through their<br />

career. My goal is to bump into a student in ten years who<br />

says, “I still use what I learned in your class.”<br />

Rebecca Zarutskie<br />

Title: Assistant Pr<strong>of</strong>essor <strong>of</strong> Finance<br />

Education: Ph.D. in economics, MIT<br />

Most recent employment: MIT<br />

Research interests: Corporate finance,<br />

banking, taxes, venture capital<br />

Hobbies: Independent films,<br />

bluegrass, travel (in particular<br />

visiting my widely-dispersed friends)<br />

Favorite book: The Adventures <strong>of</strong><br />

Huckleberry Finn<br />

Rebecca Zarutskie<br />

Most important factor in teaching:<br />

Learning who the students are and using their experiences<br />

and backgrounds to make class discussions more interesting<br />

and relevant<br />

NEWS<br />

FALL <strong>2003</strong> 5


NEWS<br />

Kim A. Wade-Benzoni<br />

Tanya Chartrand<br />

Gavan Fitzsimons<br />

6 FUQUA EXCHANGE<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

MANAGEMENT<br />

Kim A. Wade-Benzoni<br />

Title: Associate Pr<strong>of</strong>essor <strong>of</strong> Management<br />

Education: Ph.D. in organization behavior, Kellogg <strong>School</strong><br />

<strong>of</strong> Management, Northwestern University<br />

Most recent employment:<br />

Stern <strong>School</strong> <strong>of</strong> Business, New York University<br />

Research interests: Intergenerational behavior, conflict<br />

management, decision making, ethics and social<br />

responsibility in business, inter-relationships between<br />

organizational and societal interests<br />

Hobbies: Raising two sons (i.e., uses up all the “hobby”<br />

time); running (if time)<br />

Favorite books: East <strong>of</strong> Eden, We the Living<br />

Most important factor in teaching: Encouraging my<br />

students to think critically and creatively through problems<br />

and to make responsible decisions that take into account<br />

the consequences <strong>of</strong> those decisions to other people and<br />

society at large<br />

MARKETING<br />

Tanya Chartrand<br />

Title: Associate Pr<strong>of</strong>essor <strong>of</strong> Marketing and Psychology<br />

Education: Ph.D. in social psychology, New York University<br />

Most recent employment: Ohio State University<br />

Research interests: Nonconscious goal pursuit and<br />

behavioral mimicry; consequences <strong>of</strong> automatic processes<br />

for mood, cognition, judgment, motivation and behavior<br />

Hobbies: Reading, travel, running<br />

Favorite book: A Confederacy <strong>of</strong> Dunces<br />

Most important factor in teaching: Interacting<br />

with students and demonstrating concepts through<br />

real-life examples<br />

Gavan Fitzsimons<br />

Title: Associate Pr<strong>of</strong>essor <strong>of</strong> Marketing<br />

Education: Ph.D. in marketing, Columbia University<br />

Most recent employment: Wharton <strong>School</strong>, University<br />

<strong>of</strong> Pennsylvania<br />

Research interests: Unintended and nonconscious<br />

consequences <strong>of</strong> marketing actions, decision making in<br />

restricted choice environments<br />

Hobbies: Snowboarding, surfing, motorcycling<br />

Favorite book: 1984<br />

Most important factor in teaching: To provide a classroom<br />

tone and environment where having fun and learning are<br />

not mutually exclusive<br />

OPERATIONS MANAGEMENT<br />

Otis B. Jennings<br />

Title: Assistant Pr<strong>of</strong>essor <strong>of</strong><br />

Operations Management<br />

Education: Ph.D. in industrial<br />

engineering, Georgia Institute<br />

<strong>of</strong> Technology<br />

Most recent employment: Sloan<br />

<strong>School</strong> <strong>of</strong> Management, MIT<br />

Research interests: Stochastic<br />

processes, queuing theory<br />

Hobbies: Cooking, kickboxing,<br />

Otis B. Jennings<br />

snowboarding, yoga<br />

Favorite books: The White Boy Shuffle; Siddhartha;<br />

Fast Food Nation<br />

Most important factor in teaching: The creation <strong>of</strong> peers<br />

Gürhan Kök<br />

Title: Assistant Pr<strong>of</strong>essor <strong>of</strong><br />

Operations Management<br />

Education: Ph.D. in operation<br />

and information management,<br />

University <strong>of</strong> Pennsylvania<br />

Most recent employment:<br />

The Wharton <strong>School</strong>,<br />

University <strong>of</strong> Pennsylvania<br />

Research interests: Retail operations<br />

management, inventory management,<br />

Gürhan Kök<br />

analysis <strong>of</strong> production-inventory systems, management<br />

<strong>of</strong> product variety in retail supply chains<br />

Hobbies: Reading, basketball, running, hiking, playing<br />

bridge, cooking Turkish/Mediterranean food<br />

Favorite books: The Dispossessed; Mr. Vertigo;<br />

The Hitchhiker’s Guide to the Galaxy<br />

Most important factor in teaching: Helping students learn<br />

by interacting with and transforming the class material<br />

so that they make it personally meaningful and able to<br />

regenerate and apply their learning in other contexts


OPERATIONS MANAGEMENT (CONTINUED)<br />

Jing-Sheng (Jeannette) Song<br />

Title: Pr<strong>of</strong>essor <strong>of</strong> Operations<br />

Management<br />

Education: Ph.D. in operations<br />

research, Columbia University<br />

Most recent employment: University<br />

<strong>of</strong> California at Irvine<br />

Research interests: Supply chain<br />

management: supply chain structures<br />

and coordination mechanisms,<br />

Jing-Sheng (Jeannette) Song<br />

design and control <strong>of</strong> production and<br />

inventory systems, Assemble-to-Order<br />

manufacturing, Vendor-Managed-Inventory programs<br />

Hobbies: Travel, photography, swimming, cooking<br />

and reading<br />

Favorite book: Fortress Besieged<br />

Most important factor in teaching: The challenge to express<br />

what I know in simple language and through simple examples;<br />

stimulation from students’ questions and comments<br />

MBA International Conference in Geneva<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

<strong>Duke</strong> alumni and friends gather outside the Chateau de Vullierens<br />

Guests enjoy a celebratory dinner at the Chateau<br />

<strong>Fuqua</strong> alumni and friends gathered recently in Switzerland for the <strong>Duke</strong> MBA International Conference<br />

in Geneva. The event, held July 19–20, was a smashing success. <strong>Fuqua</strong> joined with <strong>Duke</strong> Law graduates<br />

for an outstanding program featuring faculty, alumni and guest speakers. The weekend kicked <strong>of</strong>f with<br />

dinner and a cruise on Lake Geneva.<br />

Saturday events started with a panel discussion on corporate governance, coordinated by Stephen<br />

Wallenstein, executive director <strong>of</strong> <strong>Duke</strong>’s Global Capital Markets Center. The conference continued with<br />

a presentation by Pr<strong>of</strong>essor Sim Sitkin on the topic <strong>of</strong> neglected leadership in mergers and acquisitions.<br />

The final seminar was a panel discussion in which Dean Douglas T. Breeden, William W. Priest,<br />

co-managing partner and portfolio manager <strong>of</strong> Steinberg Priest & Sloane Capital Management LLC, and<br />

Richard D. Pilnik, president <strong>of</strong> european operations for Eli Lilly and Company, addressed the dynamics<br />

<strong>of</strong> global businesses and economies.<br />

Dean Douglas Breeden (l)<br />

The highlight <strong>of</strong> the weekend was the Saturday evening gala when J.B. <strong>Fuqua</strong> and other conference<br />

with J.B. <strong>Fuqua</strong> (r) in Geneva<br />

delegates traveled into the Swiss countryside to the Chateau de Vullierens to celebrate <strong>Fuqua</strong>’s continued<br />

success.<br />

Look for details in the coming months about the Fourth Annual International Retreat in May 2004 in Hong Kong.<br />

NEWS<br />

FALL <strong>2003</strong> 7


NEWS<br />

8 FUQUA EXCHANGE<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

From Building Bikes to Building Futures<br />

STUDENTS HELPING STUDENTS AT THE GREAT WALL OF CHINA<br />

Chris Ringlstetter came to China as a member <strong>of</strong> The <strong>Duke</strong> MBA–Global<br />

Executive class <strong>of</strong> <strong>2003</strong> for an intensive study <strong>of</strong> global marketing, economics<br />

and finance. He left two weeks later as an educational benefactor for a class<br />

<strong>of</strong> children.<br />

While on the Asian residency in February <strong>2003</strong>, Ringlstetter, an executive<br />

with Ingersoll-Rand in Italy, and his Global Executive colleagues created an<br />

education fund for a group <strong>of</strong> children they met during a team-building exercise<br />

on the Great Wall <strong>of</strong> China.<br />

Team-Building on Wheels<br />

Every Global Executive class has a two-week residency in Asia, where students<br />

combine intense classroom learning with company site visits, guest speakers<br />

and team-building exercises.<br />

For the Global Executive classes that have studied in Beijing, a memorable<br />

cultural, team-building exercise has been the side trip to the Great Wall <strong>of</strong><br />

China, where the executive students, equipped with ropes and harnesses, work<br />

in teams to repel down the side <strong>of</strong> the world famous landmark. This year, the<br />

Global Executive administrative staff added an additional team-building activity<br />

on the wall. This activity included assembling 20 bicycles with a group <strong>of</strong><br />

local children from the He Deng Hao school. The Global Executive program<br />

would then donate the finished bicycles to the children.<br />

Quick Thinking<br />

During the bicycle building activity, Ringlstetter became interested in the children<br />

and wanted to learn other ways the Global Executive class might be able<br />

to help them. In his investigation, he discovered the heartbreaking fact that<br />

financial hardships would soon cause many <strong>of</strong> the children to drop out <strong>of</strong><br />

school and discontinue their education. Since the Global Executive students<br />

were bound for a busy week <strong>of</strong> study in Hong Kong, followed by a return to<br />

their homes across the globe, Ringlstetter knew he had to act fast if he wanted<br />

to help these kids.<br />

Ringlstetter and fellow students Heidi Miller and Evandro Reis spoke to the<br />

rest <strong>of</strong> their class and decided to establish the <strong>Duke</strong>-Great Wall Education<br />

Fund. This meant taking time out <strong>of</strong> their full schedules to organize the program<br />

and taking money out <strong>of</strong> their own pockets to fund it. The entire Global<br />

Executive class contributed, and by the end <strong>of</strong> the residency the fund reached<br />

its goal <strong>of</strong> $2,500.<br />

Team <strong>Fuqua</strong><br />

From the initial bicycle donation to Chris Ringlstetter’s organizational initiative<br />

to the generosity <strong>of</strong> the class as a whole, the team-building activities <strong>of</strong> the <strong>2003</strong><br />

Global Executive residency in Asia did a lot more than just strengthen the bonds<br />

<strong>of</strong> the student teams. It gave a group <strong>of</strong> executives the unforgettable experience <strong>of</strong><br />

brightening the lives <strong>of</strong> a less privileged, but no less deserving, group <strong>of</strong> students.<br />

The hard work and the charitable actions <strong>of</strong> the Global Executive students<br />

and staff are the embodiment <strong>of</strong> <strong>Fuqua</strong>’s pledge to “Educate Thoughtful<br />

Business Leaders Worldwide.” <strong>Fuqua</strong> is proud to be represented by the Global<br />

Executive class <strong>of</strong> <strong>2003</strong>.


IMPACT: Jordan and QIZs over <strong>Fall</strong> Break:<br />

Eye-Opening for <strong>Fuqua</strong>ns<br />

BY NICK FELTEN, CLASS OF <strong>2003</strong> AND JON BOCK, CLASS OF 2004<br />

With instability, suicide bombers and fighting in Iraq,<br />

the Middle East is a great place to visit now—or so must<br />

have been the logic <strong>of</strong> the International Marketing<br />

PrACTicum (IMPACT). During this last year’s fall<br />

break, our group headed to Amman, Jordan, as part <strong>of</strong><br />

our IMPACT project. IMPACT is a for-credit program in<br />

which teams <strong>of</strong> <strong>Fuqua</strong> students work with a foreign<br />

company on a consulting engagement related to entering<br />

or expanding in the U.S. market. Our client<br />

company was Resources Company for Development and<br />

Investment, part <strong>of</strong> a conglomerate controlled by the<br />

Muasher family <strong>of</strong> Jordan. Our assignment was to market<br />

Qualified Industrial Zones (QIZs). After the 1994<br />

Jordan-Israel peace treaty, the United States made<br />

Jordan one <strong>of</strong> four countries (Canada, Mexico and Israel<br />

are the others) in which companies in QIZs, whose<br />

products have a minimum percentage <strong>of</strong> local content,<br />

can export to the U.S. tariff and quota-free.<br />

While visiting our client, we also had the opportunity<br />

to see and do some incredible things. Some highlights:<br />

Dinner the first night. Our host took us to a popular<br />

Amman restaurant. We started with mezze, roughly 20<br />

bowls <strong>of</strong> different substances —the standard hummus<br />

and couscous as well as other things I’d never seen<br />

before—plus large helpings <strong>of</strong> pita-like bread. There<br />

were also foods reminiscent <strong>of</strong> Spanish-style tapas. We<br />

stuffed ourselves silly, only to find out that the main<br />

course still awaited us. So we stuffed ourselves even<br />

sillier with large amounts <strong>of</strong> lamb and chicken. Then<br />

came dessert, an excellent cross between baklava and an<br />

éclair. We also tried the local specialty liquor, a licoriceflavored<br />

beverage called araq.<br />

The Dead Sea. At about 400 meters below sea level, the<br />

Dead Sea’s shoreline is the lowest point in the world. Its<br />

water is about 30 percent salt, giving it many interesting<br />

properties. Most famously, it is impossible to sink. As<br />

you walk out into deeper water your feet are eventually<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

IMPACT team members pose with the Bedouin guards inside the Treasury<br />

forced up and you start to float completely effortlessly.<br />

However, the flotation has its downside: instant<br />

awareness <strong>of</strong> every scratch on your body, no matter<br />

how microscopic.<br />

Petra. Petra is an ancient city and capital <strong>of</strong> a former<br />

trade empire founded by the Nabateans, a people first<br />

mentioned in the seventh century B.C. Petra had fresh<br />

water and occupied a strategic spot which allowed the<br />

Nabateans to control trade patterns, making Petra a<br />

place <strong>of</strong> great wealth in its day. It is best known as the<br />

setting <strong>of</strong> the final scenes <strong>of</strong> “Indiana Jones and the Last<br />

Crusade.” Remember that stone building carved into a<br />

cliff? That’s the Treasury in Petra.<br />

Jordan was a great place to visit. It’s been a safe and<br />

stable country for years and should not be confused with<br />

the less stable countries it borders. For an experience <strong>of</strong>f<br />

the beaten path, don’t be too quick to write it <strong>of</strong>f.<br />

IMPACT (http://mbaa.fuqua.duke.edu/ibc/IMPACT/<br />

Impact_Navigation.htm) is currently seeking companies<br />

interested in consulting engagements during the<br />

upcoming academic year. If you know <strong>of</strong> any that<br />

might be interested, please contact Jon Bock at<br />

jon.bock@duke.edu.<br />

NEWS<br />

FALL <strong>2003</strong> 9


NEWS<br />

10 FUQUA EXCHANGE<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

LEAD students and staff<br />

<strong>Fuqua</strong>’s Admissions Director<br />

Has the Muscle<br />

While visiting New York City to host an information session<br />

for prospective students, Daytime Admissions Director, Liz<br />

Riley, and about 20 alumni went to dinner after the session at<br />

Ruby Foo’s in Times Square. It was there that the <strong>Fuqua</strong><br />

crowd noticed Hulk Hogan, the infamous wrestler, now television<br />

actor.<br />

“We noticed Mr. Hogan sitting at a table nearby, and one <strong>of</strong><br />

our alumni dared me to go arm wrestle him,” Riley stated.<br />

“And anyone who knows me knows that I would never pass<br />

up that type <strong>of</strong> challenge.”<br />

Preparing the Way for Future Leaders<br />

Over the summer, <strong>Fuqua</strong> welcomed 30 academically-gifted<br />

high school students to the 19th annual Leadership<br />

Education and Development program known as LEAD. The<br />

program embraced the challenge <strong>of</strong> preparing a new generation<br />

<strong>of</strong> leaders. Students in the program were exposed to the<br />

excitement <strong>of</strong> business with classroom instruction, teambased<br />

projects and corporate visits. The students were<br />

introduced to a variety <strong>of</strong> industries such as banking, consulting,<br />

pharmaceuticals and technology. This broad<br />

exposure allowed them to gain an understanding <strong>of</strong> corporate<br />

and entrepreneurial organizations, and helped them develop<br />

the skills, knowledge and values that they will need in college<br />

and in their eventual careers.<br />

LEAD Program Director Joel Huber is consistently impressed<br />

with the caliber <strong>of</strong> students in the program. “I am pleased to<br />

report that the members <strong>of</strong> this class have grown in stature and<br />

ability,” Huber stated. “We look forward to watching them take<br />

their places as leaders in all fields <strong>of</strong> human endeavor.”<br />

Hulk Hogan and Liz Riley arm wrestle while (l to r) Nichelle Taylor ’03,<br />

Marinee Nottingham ’02 and Rob McWilliam ’02 cheer her on<br />

Although the results <strong>of</strong> the arm wrestling competition<br />

ended in a tie, it was clear from the cheering <strong>of</strong> the crowd that<br />

Riley was the overall favorite.


Companies in Classrooms<br />

FUQUA TAILORS EXECUTIVE EDUCATION PROGRAMS TO SUIT INDIVIDUAL ORGANIZATIONS<br />

Three years ago, <strong>Fuqua</strong> decided to complement its general<br />

management non-degree executive education programs with<br />

aselection <strong>of</strong> specialized courses.These highly focused courses<br />

develop specific skills in areas such as finance, accounting,<br />

leadership, strategy and marketing.<br />

Now, in response to growing demand, <strong>Fuqua</strong>’s top-ranked<br />

executive education <strong>of</strong>fers tailored versions <strong>of</strong> these specialized<br />

courses adapted for individual organizations.<br />

Added Flexibility<br />

For <strong>Fuqua</strong> to remain a top provider <strong>of</strong> executive education, it<br />

must keep pace with market demand. Interest in flexible,<br />

adapted solutions continues to grow, and organizations are<br />

discovering that tailored programs delivered to groups<br />

<strong>of</strong> managers and executives can provide a quick, efficient<br />

return on investment. And adapting a program from a wellestablished<br />

course is frequently more economical than trying<br />

to develop a completely custom solution. <strong>Fuqua</strong> has developed<br />

tailored versions <strong>of</strong> its leadership programs for the<br />

telecommunications industry, health care associations, the<br />

pharmaceutical industry and the United States Department<br />

<strong>of</strong> Justice.<br />

Another advantage <strong>of</strong> tailored programs is location flexibility.<br />

A program tailored for a specific organization can be<br />

delivered at the organization’s headquarters, <strong>Duke</strong>’s R. David<br />

Thomas Center or any location in the world convenient for<br />

the organization.<br />

Variety <strong>of</strong> Courses<br />

Each <strong>of</strong> <strong>Fuqua</strong>’s non-degree programs can be adapted for<br />

specific organizations. At the core <strong>of</strong> <strong>Fuqua</strong>’s non-degree<br />

executive education is the Advanced Management Program, a<br />

multi-week general management course designed to advance<br />

participants’ leadership abilities through personal development<br />

activities that improve management skills and<br />

effectiveness in the workplace.<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

In addition, <strong>Fuqua</strong>’s specialized programs are:<br />

• Financial Reporting for Non-Financial Managers<br />

• Innovative Leadership<br />

• Business Improvisation<br />

• Managing Customer Value<br />

For the second consecutive year, the non-degree executive<br />

education programs at <strong>Duke</strong> University’s <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong><br />

Business have been ranked No. 2 overall in the world by the<br />

Financial Times newspaper.<br />

Please visit http://ee.fuqua.duke.edu for more information<br />

on <strong>Fuqua</strong>’s executive education.<br />

NEWS<br />

FALL <strong>2003</strong> 11


NEWS<br />

12 FUQUA EXCHANGE<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

Focus on an MBA Student’s Perspective<br />

STUDENT SPOTLIGHT<br />

BY ANGELA THOMAS<br />

As chief operating <strong>of</strong>ficer for Mobility Electronics Inc., Global<br />

Executive student Tim Jeffries is responsible for the global initiatives,<br />

activities and performance <strong>of</strong> sales, marketing,<br />

services, operations and engineering. And as a member <strong>of</strong> the<br />

Mobility’s executive committee, Jeffries partners with the CEO<br />

and CFO to lead the collaborative evolution and execution <strong>of</strong><br />

the company’s vision, mission, values, strategy, objectives and<br />

initiatives. In short, his shared responsibility is to build a<br />

great company.<br />

With those responsibilities being no short order, Jeffries’<br />

recurring thoughts about getting an MBA always seemed to get<br />

put on hold. His pr<strong>of</strong>essional and personal responsibilities<br />

took precedence. But after his wife persevered and managed to<br />

complete her doctorate in organizational leadership, Jeffries<br />

became inspired and decided it was time for him to take the<br />

plunge into higher education.<br />

When deciding which MBA program to attend, Jeffries said<br />

the decision was an easy one. “I selected the Global Executive<br />

MBA program at <strong>Fuqua</strong> because it <strong>of</strong>fered the academic excellence,<br />

global perspective, executive interaction and time<br />

flexibility that I desired,” Jeffries stated. “I could not find<br />

another program that <strong>of</strong>fered all <strong>of</strong> those things and the<br />

esteemed reputation <strong>of</strong> <strong>Duke</strong>. In the end, the decision was very<br />

straightforward.”<br />

When thinking about his goals for the future, Jeffries has his<br />

plans well thought out. “My goals are to lead a publicly-traded<br />

company as the chief executive <strong>of</strong>ficer and ultimately serve as<br />

the chairman <strong>of</strong> the board,” he said. “I would eventually like to<br />

serve as director on several company boards, provide mentoring<br />

and coaching to up-and-coming executives and possibly<br />

write a book on the trials and tribulations <strong>of</strong> leadership.”<br />

Jeffries admits that he cannot image trying to achieve all <strong>of</strong><br />

these goals without the help <strong>of</strong> his <strong>Duke</strong> MBA.<br />

“I selected the Global Executive MBA<br />

program at <strong>Fuqua</strong> because it <strong>of</strong>fered<br />

the academic excellence, global<br />

perspective, executive interaction<br />

and time flexibility that I desired.”<br />

TIM JEFFRIES<br />

The <strong>Duke</strong> MBA —<br />

Global Executive<br />

Class <strong>of</strong> <strong>2003</strong><br />

He acknowledges that the Global Executive program has<br />

helped him be a better executive for his company and a better<br />

leader to the people who work for him.<br />

And while the program has been invaluable, he confesses<br />

that it has not been easy. “The rigorous demands <strong>of</strong> the program<br />

have challenged me academically, pr<strong>of</strong>essionally,<br />

personally and physically,” Jeffries said. “The nature <strong>of</strong> the<br />

program has catalyzed a level <strong>of</strong> focus on my key priorities<br />

that is difficult to describe, but remarkable to experience. I do<br />

not sleep much, but I have never been more productive. The<br />

program works with my schedule because I am committed to<br />

making it work.”<br />

Born in Reno, Nevada, and raised in Sacramento, California,<br />

Jeffries graduated from Santa Clara University with a bachelor’s<br />

degree in political science. It was at this Jesuit college that<br />

he met his wife, Mary Frances.With two daughters and a weekly<br />

commute from Southern California to Phoenix, Arizona,<br />

Jeffries has to set priorities and stick to them. He also receives<br />

a lot <strong>of</strong> support from his classmates. “Our class has established<br />

an extraordinary culture and spirit,” Jeffries boasted. “We work<br />

hard, and we support each other. I feel that our class is a splendid<br />

testament to the culture felt at <strong>Fuqua</strong>.”<br />

Scheduled to graduate in December, Jeffries is looking forward<br />

to regaining some free time that began dwindling away<br />

with the start <strong>of</strong> the program. “Before the program, I used to<br />

spend my free time working out, playing golf and following<br />

politics,” Jeffries said. “But given the omnipresent demands <strong>of</strong><br />

school, work and family, my current hobby is taking naps.”


405<br />

28<br />

5<br />

704<br />

30%<br />

20%<br />

34%<br />

64<br />

39<br />

15<br />

22%<br />

78%<br />

103<br />

6.6<br />

14%<br />

86%<br />

645<br />

ADMISSIONS PROFILE<br />

CLASS OF 2005 DAYTIME<br />

CLASS SIZE<br />

AVERAGE AGE AT ENTRY<br />

AVERAGE YEARS WORK EXPERIENCE<br />

MEAN GMAT SCORE<br />

WOMEN<br />

MINORITIES<br />

INTERNATIONAL<br />

UNDERGRADUATE MAJORS<br />

CLASS OF 2004 GLOBAL EXECUTIVE<br />

CLASS SIZE<br />

AVERAGE AGE<br />

AVERAGE YEARS WORK EXPERIENCE<br />

FEMALE<br />

MALE<br />

CLASS OF 2005 CROSS CONTINENT<br />

CLASS SIZE<br />

AVERAGE YEARS WORK EXPERIENCE<br />

FEMALE<br />

MALE<br />

AVERAGE GMAT SCORE<br />

52%<br />

5%<br />

43%<br />

20<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

23% BUSINESS & ACCOUNTING<br />

22% ENGINEERING<br />

21% LIBERAL ARTS<br />

16% ECONOMICS<br />

11% NATURAL SCIENCES<br />

7% OTHER<br />

37%<br />

22<br />

CITIZENSHIP<br />

NON-U.S. CITIZENS<br />

U.S. CITIZENS LIVING ABROAD<br />

U.S. CITIZENS LIVING IN U.S.<br />

COUNTRIES REPRESENTED<br />

CITIZENSHIP<br />

INTERNATIONAL<br />

COUNTRIES REPRESENTED<br />

NEWS<br />

FALL <strong>2003</strong> 13


14 FUQUA EXCHANGE<br />

STAYING CONNECTED<br />

FEATURE BY PAMELA BABCOCK<br />

When engineer Dave Raaf (Global Executive class <strong>of</strong> <strong>2003</strong>)<br />

researched business schools, he quickly nixed programs that<br />

would have restricted his business travel. Working on an<br />

ExxonMobil Development Co. pipeline project <strong>of</strong>f the coast <strong>of</strong><br />

Nigeria required more than a year in Paris and frequent travel<br />

in Europe, Indonesia and Malaysia. <strong>Fuqua</strong>’s use <strong>of</strong> technology<br />

meant Raaf could stay on the job without making weekend<br />

trips to a home campus.<br />

“<strong>Fuqua</strong> has made it very easy to stay connected,” Raaf says<br />

from Paris, adding that “the tools available electronically are<br />

fantastic. It provides the best solution for me whether I’m in<br />

Houston, Paris, Jakarta or enjoying a layover in an airport.”<br />

<strong>Fuqua</strong>’s a leader in connecting with students, alums, friends<br />

and others—whether they’re in Durham or continents away—<br />

with technology that’s exciting, innovative, people-oriented<br />

and thoughtful.<br />

On any given day, Raaf’s pr<strong>of</strong>essors use a virtual learning<br />

environment that includes bulletin boards, chat tools, CDs,<br />

flash presentations, audio files and e-mail “to teach and learn<br />

with us,” he says. Recently, Economics Pr<strong>of</strong>essor James Anton<br />

immersed students in video segments from The Maltese<br />

Falcon, The Princess Bride and Dr. Strangelove to demonstrate<br />

game theory, while Pr<strong>of</strong>essors Gerry DeSanctis, Bob Price and<br />

<strong>Fuqua</strong> alumnus, Gary Mayo ’98, led chats on technology management<br />

and corporate responsibility.<br />

“One thing that has helped to take the school forward is this<br />

unique and thoughtful approach,” says Nevin Fouts, <strong>Fuqua</strong>’s<br />

associate dean for information technology. “The sense <strong>of</strong> connectiveness<br />

is critical to all <strong>of</strong> <strong>Fuqua</strong>’s environments—for<br />

folks who are largely here at the Durham campus or who are<br />

not connected because they are separated by distance.”<br />

“Place and space” is <strong>Fuqua</strong>’s signature approach to learning,<br />

and is perhaps most evident in the Global Executive program,<br />

which debuted in 1996. During the 19-month program, multidisciplined<br />

student teams convene face-to-face only five times<br />

with faculty in North America, Europe, Asia and South<br />

America. Between residential sessions, faculty members deliver<br />

instruction using interactive, distance-education technology<br />

designed to complement and extend the classroom experience.<br />

The approach is also used in the Cross Continent and Weekend<br />

Executive MBA programs.<br />

“A lot <strong>of</strong> times people think distance learning is almost as<br />

good as being there, but we actually think the mixture <strong>of</strong> ‘place<br />

and space’ makes the experience stronger,” says Pete Goldberg,<br />

director <strong>of</strong> <strong>Fuqua</strong>’s Center for Excellence in Business<br />

Education and Distributed Learning Support. “We’re working<br />

with a population <strong>of</strong> students that are engaged in their jobs<br />

while they are in school, and who are based all over the world.<br />

They bring that perspective into the program.”<br />

Students not only benefit from others’ international work<br />

and cultural experiences, but technology may even level the<br />

playing field. A student reticent to participate in a classroom<br />

because <strong>of</strong> personality or cultural issues “may actually thrive in<br />

an environment using technology,” Goldberg says. For example,<br />

students for whom English is not their native language may<br />

flourish on discussion boards, where they can read and digest<br />

information before formulating a response.<br />

<strong>Fuqua</strong> has a staff <strong>of</strong> IT pr<strong>of</strong>essionals supporting distance<br />

education,including content developers who work with faculty<br />

to create programs, s<strong>of</strong>tware engineers who can build small<br />

applications or distance learning tools and support staff who<br />

can help put up web sites, train students and faculty and<br />

troubleshoot problems.<br />

<strong>Fuqua</strong>’s overall web space includes its external web and the<br />

<strong>Fuqua</strong>World intranet, where students, faculty and staff can reference<br />

events, view announcements, look up classmate<br />

pictures, search for alumni and watch multimedia messages<br />

from <strong>Fuqua</strong> leaders and service organizations. There’s also a<br />

link for executive MBA students to virtual learning environments,<br />

and AlumniLink, which features links to <strong>Fuqua</strong> news,<br />

events and directories, as well as <strong>Fuqua</strong>’s career management<br />

center, <strong>Duke</strong> Corporate Education, lifetime e-mail forwarding,<br />

the <strong>Fuqua</strong> Store and more. All are connected through the<br />

Internet.<br />

“The AlumniLink has worked pretty well for me,” says<br />

Jordan Friedman ’04, an intern with IBM’s Blue Fusion project<br />

in Raleigh. “Technologically, being able to search by different<br />

fields for alums by companies or by geographic region and


class, has been very useful, and I’m really eager to see all the<br />

improvements that are being made to it.”<br />

On campus in Durham, <strong>Fuqua</strong>’s high-speed wireless network<br />

provides “anywhere” access, so students can use laptops,<br />

handheld devices or tablet computers to check mail or access<br />

information anywhere, even on the outdoor patio.<br />

Not one to rest on its technology laurels, in recent years<br />

<strong>Fuqua</strong> has developed a series <strong>of</strong> strategic partnerships to<br />

extend the way it connects. <strong>Fuqua</strong>’s now working with Nortel<br />

Networks in Research Triangle Park to test a new multimedia<br />

collaboration technology which allows students to meet, connect<br />

and interact using different devices.<br />

“If they can get an Internet connection, they can place a<br />

call, have a video conference and instant message from anywhere<br />

in the world, be it in a hotel or an Internet café,” says<br />

Albert Hitchcock, chief information <strong>of</strong>ficer for Nortel<br />

Networks. “It’s a very powerful thing.”<br />

The technology also allows access to integrated directory<br />

services from PCs and other devices, such as cell phones, laptops,<br />

tablet computers or PDAs, and will be tested by <strong>Fuqua</strong><br />

students, faculty and staff in a pilot this fall.<br />

“<strong>Fuqua</strong> has made it very easy to<br />

stay connected,” Raaf says from<br />

Paris, adding that “the tools<br />

available electronically are<br />

fantastic. It provides the best<br />

solution for me whether I’m in<br />

Houston, Paris, Jakarta or<br />

enjoying a layover in an airport.”<br />

In the end, however, Raaf says technologies that keep<br />

<strong>Fuqua</strong> connected “are more than just the chips and discs” and<br />

that the people side <strong>of</strong> the program— the technologies <strong>of</strong><br />

teamwork— also set <strong>Fuqua</strong> apart. For example, Global<br />

Executive Program Manager Jalene Bowersmith tracked a<br />

package <strong>of</strong> reading materials after snafus with Raaf’s apartment<br />

security and a series <strong>of</strong> botched deliveries in Paris sent<br />

it across the Atlantic three times. Meanwhile, Gordon Wang<br />

<strong>of</strong> the distributed learning support center helped Raaf with<br />

dysfunctional ISP accounts “more times than I can remember,”<br />

eventually letting Raaf use one <strong>of</strong> his personal accounts<br />

until the problem was resolved.<br />

<strong>Fuqua</strong> is clearly enjoying the fruits <strong>of</strong> many years <strong>of</strong> growing<br />

its digital and human technologies. Both are critical to the<br />

<strong>Fuqua</strong> experience.<br />

“We expect our students will most always say <strong>Fuqua</strong> technology<br />

is great,” Fouts says. “But the experience <strong>of</strong> creating<br />

and delivering an overall educational experience is what we’re<br />

here to do, and that involves both high tech and high touch.”<br />

FALL <strong>2003</strong> 15


16<br />

FUQUA EXCHANGE<br />

JOINING FORCES<br />

FEATURE BY ANGELA THOMAS<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business is quickly becoming a recognized<br />

name around the world as a leader in business education.<br />

By joining forces with others, <strong>Fuqua</strong> has increased its reputation<br />

in the worldwide arena. The saying that “no man is an<br />

island” would also hold true for schools. It takes collaboration<br />

with others to become and remain strong. <strong>Fuqua</strong> has mastered<br />

this concept with the many alliances and programs it has established<br />

over the years.<br />

There are many arenas, both domestically and internationally,<br />

in which <strong>Fuqua</strong> collaborates with others. One example <strong>of</strong> this<br />

is the Global Academic Travel Experience or GATE courses.<br />

This year, <strong>Fuqua</strong> is <strong>of</strong>fering upwards <strong>of</strong> seven courses in the<br />

Daytime program. Of those being <strong>of</strong>fered, two new courses will<br />

include separate studies about Cuba and India. These courses<br />

provide an opportunity for students to expand their international<br />

scope by studying for six weeks about a region or a<br />

country before traveling overseas for 10 to 14 days to learn<br />

about the business, government, economics and culture.<br />

This will be the third year for the Weekend Executive MBA<br />

students to participate in the GATE courses by studying and<br />

visiting Western Europe. This year, the students will visit<br />

Brussels, Frankfurt and Budapest. Tim Zacher, program assistant<br />

for the international center, acknowledges that the<br />

partnership <strong>of</strong> the multinational corporations, as well as local<br />

and regional companies, is really the differentiating factor that<br />

proves to make these courses a success. “The partnership with<br />

these companies is essential to our program,” Zacher stated.<br />

“The program exposes our students to the various companies<br />

<strong>of</strong> the region, but at the same time, gets the <strong>Fuqua</strong> name out to<br />

companies and organizations around the world that might not<br />

otherwise have interaction with our school.”<br />

Another program that relies heavily on partnerships is<br />

<strong>Fuqua</strong>’s International <strong>Exchange</strong> Program. <strong>Fuqua</strong> has exchange<br />

relationships with 26 international partner institutions around<br />

the world, 17 <strong>of</strong> which are part <strong>of</strong> the Programme in<br />

International Management or PIM network <strong>of</strong> business or economic<br />

schools. The international program <strong>of</strong>fers students the<br />

opportunity to get a global perspective from their MBA degree<br />

by allowing them to have total immersion into a foreign culture.<br />

At the same time <strong>Fuqua</strong> students are heading abroad,<br />

students from the various partner schools from around the<br />

world converge on <strong>Fuqua</strong>. These students become immersed<br />

into the American culture and the <strong>Fuqua</strong> experience. Once<br />

they return to their respective countries, the students act as<br />

ambassadors in spreading the word worldwide about the<br />

school and its unique culture.<br />

Wendy Sheets, program coordinator for the <strong>Fuqua</strong> <strong>Exchange</strong><br />

Program, is also responsible for the MBA Enterprise Corps.<br />

This program is another good example <strong>of</strong> <strong>Fuqua</strong> aligning with<br />

others to get its name out. “The MBA Enterprise Corps, a division<br />

<strong>of</strong> Citizens Democracy Corps (CDC), is a non-pr<strong>of</strong>it<br />

volunteer organization founded in 1990 by a consortium <strong>of</strong><br />

leading U.S. business schools,” Sheets explained. “By being a<br />

member <strong>of</strong> this important organization, <strong>Fuqua</strong> recognizes that<br />

it takes a team effort to make a difference in the world. No<br />

school could do this alone. It takes a solid commitment and<br />

coalition and in turn puts our name out there with some <strong>of</strong> the<br />

best schools in the country.” Since its inception, the Corps has<br />

increased from 16 to 52 participating institutions. The mission<br />

<strong>of</strong> the Corps is to give recent MBA graduates the opportunity<br />

to spend approximately 15 months abroad in an emerging<br />

economy. The Corps is a unique partnership which allows students<br />

to learn international business and cross-cultural skills<br />

on-the-job by providing technical and managerial assistance to<br />

local managers who have limited practice working under a free<br />

market concept.<br />

Recent Cross Continent graduate, Jenny Raymond, accepted<br />

a position with the MBA Enterprise Corps after graduation


and is now working in Baku, Azerbaijan. She admits that the<br />

experience is going to be different but is looking forward to the<br />

challenge. “Everyone in Baku has been very welcoming,”<br />

Raymond said.“They like to talk about politics and history and<br />

are always asking me questions about my family, school and<br />

just about America in general. This program provides great<br />

exposure for me as well as for <strong>Fuqua</strong>.” Sheets is pleased that<br />

Raymond accepted the position.“It has been a number <strong>of</strong> years<br />

since <strong>Fuqua</strong> has sent a representative to the Corps,”Sheets stated.<br />

“I have no doubt that Jenny will represent <strong>Fuqua</strong> very well<br />

while abroad as she assists in the growth <strong>of</strong> the private sector<br />

in Azerbaijan.”<br />

The recent <strong>Duke</strong> MBA International Conference was comprised<br />

<strong>of</strong> a more local partnership, one between <strong>Fuqua</strong> and the<br />

<strong>Duke</strong> <strong>School</strong> <strong>of</strong> Law. Held in Geneva, the event allowed alumni<br />

and friends the opportunity to network while participating in<br />

informative programs. Topics included corporate governance,<br />

neglected leadership in mergers and acquisitions and the<br />

dynamics <strong>of</strong> global business and economics. The conference<br />

was a great combination <strong>of</strong> business and law, and provided a<br />

unified platform showing the overlap and relevance <strong>of</strong> each. It<br />

presented <strong>Duke</strong> with an opportunity to make its presence<br />

known in the European arena.<br />

In a recent alliance with Seoul National University, <strong>Fuqua</strong><br />

has again proven that with alliances, the school can become a<br />

stronger entity. Traditionally, the Cross Continent program<br />

held residencies only in North America and Europe. But a new<br />

alliance with Seoul National University will give Cross<br />

Continent students the opportunity to attend one residency in<br />

Korea as well as give Korean students an opportunity to study<br />

at <strong>Fuqua</strong>.“This alliance is exciting for the Cross Continent program,”<br />

said Dan Nagy, associate dean for admissions and<br />

recruiting. “We are broadening our presence in the Asian<br />

There are many arenas, both<br />

domestically and internationally, in<br />

which <strong>Fuqua</strong> collaborates with others.<br />

market and hope to recruit 22 Korean students for the Cross<br />

Continent class <strong>of</strong> 2006. This is a true partnership that will<br />

help us as we expand our reach into Asia.”<br />

<strong>Duke</strong> Corporate Education has long known the power <strong>of</strong><br />

joint ventures and alliances and has recently signed a “memorandum<br />

<strong>of</strong> understanding” with the London <strong>School</strong> <strong>of</strong><br />

Economics (LSE). In this partnership, <strong>Duke</strong> Corporate<br />

Education will work with LSE to develop customized executive<br />

education courses in the United Kingdom and Europe. “The<br />

strengths <strong>of</strong> <strong>Duke</strong> Corporate Education and LSE are extremely<br />

complementary,” said Bill Bigoness, academic project leader<br />

for <strong>Duke</strong> Corporate Education. “We can bring our expertise in<br />

customized executive education to LSE, and they can bring<br />

their expertise in economics and the social political environment<br />

to our courses.” In addition, Bigoness says that the<br />

response from the United Kingdom and European firms has<br />

been very positive. “By aligning ourselves with a top school in<br />

the UK, we are <strong>of</strong>fering European firms the best <strong>of</strong> the United<br />

States and the best <strong>of</strong> the United Kingdom all in one package,”<br />

he stated. “This will help further the <strong>Duke</strong>, <strong>Fuqua</strong> and <strong>Duke</strong><br />

Corporate Education brands in many places across Europe.”<br />

By reaching out and uniting with others, <strong>Fuqua</strong> can provide<br />

itself broader representation as well as a stronger presence<br />

across the world. This worldwide reach will benefit everyone in<br />

the long run and will keep the <strong>Fuqua</strong> name in the forefront<br />

when people think <strong>of</strong> top-rated business schools.<br />

FALL <strong>2003</strong> 17


18<br />

FUQUA EXCHANGE<br />

BRANDING FUQUA<br />

FEATURE BY ASSOCIATE DEAN JIM GRAY<br />

WE SPEND A LOT OF TIME ON BRANDING OUR SCHOOL AND PRODUCTS VIA THE INTERNET.<br />

What do Wachovia Bank and <strong>Duke</strong>’s <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

have in common? Both are extremely focused on their brands.<br />

Pick up the New York Times or Wall Street Journal, and you<br />

are likely to see a full-page ad by the bank that has this headline:<br />

Wa-Ko-Vee-Ah. The ad talks about the merger <strong>of</strong> First<br />

Union and Wachovia, good-naturedly educating readers about<br />

the new brand.<br />

And Few-Kwa? We, too, are extremely sensitive to not only<br />

how our external audiences pronounce our name, but also to<br />

what they think <strong>of</strong> us. Do prospective students and corporate<br />

executives see us as we see ourselves—innovative, collaborative<br />

with our Team <strong>Fuqua</strong> culture, and absolutely deserving to<br />

be regarded as a leader in the world <strong>of</strong> business schools? Will<br />

our brand help recruit more and better students and generate<br />

the kind <strong>of</strong> donor and corporate support needed to continue<br />

expanding our school?<br />

One small, yet powerful group <strong>of</strong> educators sees us in that<br />

elite group.The accreditation review team <strong>of</strong> deans that visited<br />

us recently from the Association to Advance Collegiate <strong>School</strong>s<br />

<strong>of</strong> Business (AACSB) wrote that our “brand development” has<br />

been “significant.” “This distinct, consistent and well-executed<br />

brand campaign is a benchmark for any business school seeking<br />

to develop its brand,” the report said.<br />

The current “campaign” at <strong>Fuqua</strong> is both a formal and informal<br />

effort to position <strong>Duke</strong> as a leader which deserves to be in<br />

that top echelon <strong>of</strong> international business schools. To take full<br />

advantage <strong>of</strong> the sterling brand image <strong>of</strong> <strong>Duke</strong> University, we<br />

emphasize <strong>Duke</strong> over “<strong>Fuqua</strong>” in all <strong>of</strong> our brand communications<br />

as evidenced by our logo. <strong>Duke</strong> is on a roll from a<br />

branding standpoint with unprecedented strides in academic<br />

reputation coupled with the hallowed basketball program led<br />

by a remarkable leader, Mike Krzyzewski.<br />

The other branding effort that is in its third year is the<br />

emphasis on “The <strong>Duke</strong> MBA,” which is our program brand or<br />

product brand. Because the increasing number and complexity<br />

<strong>of</strong> our MBA programs were confusing to key audiences, the<br />

decision was made to position The <strong>Duke</strong> MBA as one degree<br />

that is earned in four formats —daytime and three executive<br />

MBA programs. To further help outsiders understand our educational<br />

products, we also try to restrict to internal use the<br />

growing number <strong>of</strong> confusing acronyms such as CCMBA,<br />

WEMBA and GEMBA. The nomenclature now is to call them<br />

The <strong>Duke</strong> MBA– Global Executive and so forth.<br />

We spend a lot <strong>of</strong> time on branding our school and products<br />

via the Internet. Every day our web space gets better at branding<br />

us as a leader. We show <strong>of</strong>f our technology and innovation<br />

through the web as well. Perhaps no other school pushes more<br />

persuasive video through its web site to audiences or breaks<br />

new ground in inquiry flow and registration.<br />

The final plank in the current branding campaign is emphasis<br />

on <strong>Fuqua</strong>’s high rankings in various media surveys such as<br />

BusinessWeek and U.S. News & World Report. Like them or not,<br />

the surveys do rank the competing brands in prospective students’<br />

minds, especially overseas.<br />

So how is our branding coming along?<br />

Three <strong>of</strong> our top marketing faculty members agreed that we<br />

have made good progress in our branding but face a major<br />

challenge ahead to be in the brand league <strong>of</strong> Harvard, Wharton<br />

and a few other power brands in business schools.<br />

“We come across as young and aggressive, and much<br />

progress has been made in the last few years,” said Christine<br />

Moorman, marketing pr<strong>of</strong>essor and marketing area coordinator,<br />

“but many constituencies still view <strong>Fuqua</strong> as a regional<br />

school with a global presence. We are correct to describe ourselves<br />

as belonging among the best b-school brands in the<br />

world—our faculty has grown in size and quality to among<br />

some <strong>of</strong> the best in the world. When that fact catches up with<br />

beliefs, our reputation will soar to even greater heights.”<br />

John Lynch, the Merilee and Roy Bostock Family Pr<strong>of</strong>essor<br />

<strong>of</strong> Marketing, recently returned from a year’s teaching at the<br />

London <strong>School</strong> <strong>of</strong> Business. He tells the story <strong>of</strong> the <strong>Duke</strong><br />

men’s basketball game in London last winter. Only about 200<br />

people attended—obviously not as excited about the Blue<br />

Devils as the Cameron Crazies. “Our brand is nowhere near as<br />

strong in Europe as it is the States,” Lynch said. “Sometimes we<br />

inflate our own importance, so it is important that we know<br />

that impressions move very slowly across the globe.”<br />

Lynch talked with numerous business people and potential<br />

MBA students while in London.“<strong>Duke</strong> and <strong>Fuqua</strong> did not have<br />

the top-<strong>of</strong>-mind awareness <strong>of</strong> European schools such as<br />

INSEAD, LBS or IMD that generally rank well below us in<br />

U.S.-based reputational rankings,” he said.


Lynch believes our increasing emphasis on leadership is consistent<br />

with what we want our brand to communicate. “Our<br />

work surrounding leadership can become a point <strong>of</strong> difference<br />

for us,” Lynch said, “but we are not there yet.”<br />

<strong>Fuqua</strong>’s current “leadership” initiatives include the Coach K<br />

and <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business Conference on Leadership in<br />

October, the student leadership conference each April, leadership<br />

curriculum enhancements spearheaded by Pr<strong>of</strong>essors Sim<br />

Sitkin and Allan Lind, and a possible center for organizational<br />

leadership and ethics.<br />

Associate Pr<strong>of</strong>essor <strong>of</strong> Marketing Carl Mela also believes<br />

such efforts to associate our brand with leadership are an<br />

effective “point <strong>of</strong> difference.” He said the increasing number<br />

<strong>of</strong> newspaper and magazine rankings <strong>of</strong> business schools is<br />

fortunate.<br />

“I view the proliferation <strong>of</strong> rankings as fortunate because the<br />

uncertainty it creates forces students to abstract away from<br />

simple numerical comparisons, and to look in great depth at<br />

what makes us unique,” he said. Mela believes our schoolwide<br />

strategy <strong>of</strong> enlarging our faculty is right on target. “The formula<br />

is that increasing the size <strong>of</strong> our faculty increases our<br />

(research) output, gets us attention, and thus increases our<br />

awareness,” he said.<br />

One other important branding effort centers on a new<br />

advertising campaign for our three executive MBA programs.<br />

Created with the McKinney + Silver advertising agency, the<br />

print and web campaign was launched early this fall. Its central<br />

objective is to generate interest in and applicants for our three<br />

programs around the world. Its core strategy is to emphasize<br />

“you are what you know.” By that, we mean that a highly flexible<br />

business education such as <strong>Duke</strong>’s is the key to not only<br />

business enlightenment, but also to attainment <strong>of</strong> career and<br />

lifestyle goals. If you know more, the campaign says, you will<br />

have the power to get where you want to be at work and at<br />

home and hopefully you will become a thoughtful business<br />

leader worldwide.<br />

Just as the AACSB said, it takes significant investments in<br />

time and money to brand a school successfully. We know that<br />

we will have to work harder and smarter than our older and<br />

better-known competitors. And we will.<br />

FALL <strong>2003</strong> 19


The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

INDUSTRY BYLINE<br />

20 FUQUA EXCHANGE<br />

WHY THE WORLD WORKS IN THE LONG RUN:<br />

THE LAW OF COMPARATIVE ADVANTAGE<br />

FEATURE BY WILLIAM W. PRIEST<br />

David Ricardo, a nineteenth century economist, first<br />

conceived the Law <strong>of</strong> Comparative Advantage in<br />

1817. The thesis <strong>of</strong> this law is that it is economically<br />

advantageous for countries to specialize in producing<br />

goods for international trade rather than solely for<br />

domestic consumption. The principle holds that even if two<br />

countries can produce the same commodities, it is in each <strong>of</strong><br />

their best interests to specialize in producing only one <strong>of</strong><br />

those commodities and trade it to accumulate the other.<br />

Moreover, specialization can be advantageous even when one<br />

<strong>of</strong> the countries can produce both goods more cheaply than<br />

the other country. Whenever there are differences in the relative<br />

efficiencies <strong>of</strong> producing the goods such that each<br />

country has a comparative advantage in the production <strong>of</strong><br />

one <strong>of</strong> the commodities, it is in each country’s best interest to<br />

specialize in the product that it can most efficiently produce.<br />

The following example can help to illustrate the operation <strong>of</strong><br />

the comparative advantage theory between two countries.<br />

COMPARATIVE ADVANTAGE<br />

PRODUCT COUNTRY A COUNTRY B<br />

1 unit <strong>of</strong> food 1 day’s labor 3 days’ labor<br />

1 unit <strong>of</strong> clothing 2 day’s labor 4 days’ labor<br />

Prior to joining Steinberg Priest & Sloane Capital Management as<br />

a co-managing partner and portfolio manager/analyst, Priest was<br />

chairman and CEO <strong>of</strong> Credit Suisse Asset Management<br />

(Americas); CEO and portfolio manager <strong>of</strong> its predecessor firm<br />

BEA Associates, which he co-founded in 1972. During his 29 years<br />

at BEA/Credit Suisse, he developed the company into a well-recognized<br />

investment manager in both equities and fixed income asset<br />

classes. Priest is a graduate <strong>of</strong> <strong>Duke</strong> University and the University<br />

<strong>of</strong> Pennsylvania Wharton Graduate <strong>School</strong> <strong>of</strong> Business. He is a<br />

CPA and CFA and author <strong>of</strong> several published articles and papers<br />

on investing and finance. Priest is a director <strong>of</strong> Globe Wireless,<br />

InfraReDx and member <strong>of</strong> <strong>Fuqua</strong>’s Board <strong>of</strong> Visitors.<br />

Although A is clearly more efficient than B in both products,<br />

its relative advantage is greater in food than clothing (1<br />

day versus 3 days <strong>of</strong> labor needed to produce one unit <strong>of</strong> food,<br />

compared to 2 days versus 4 days <strong>of</strong> labor needed to produce<br />

one unit <strong>of</strong> clothing). If Country A specializes in food and<br />

Country B specializes in clothing, the two countries can produce<br />

more units <strong>of</strong> food and clothing in any time period than<br />

if they operated separately and without regard to their relative<br />

efficiencies. By trading with one another, both countries will<br />

end up with a sum <strong>of</strong> food and clothing units greater than<br />

would be possible if each country’s’ production was solely for<br />

internal consumption.<br />

This compelling principle is driving the dual engines <strong>of</strong><br />

increased trade and globalization. They are further fueled by<br />

the fact that an economic world, dominated by the United<br />

States, Japan and Western Europe, has expanded by roughly<br />

three billion people since the fall <strong>of</strong> the Berlin Wall in 1989,<br />

and are both buyers and sellers <strong>of</strong> world goods. The integration<br />

<strong>of</strong> these newly economically liberated people continues<br />

to this day, causing, in many instances, considerable economic<br />

pain for the “old” developed world. As a result <strong>of</strong> the entrance<br />

<strong>of</strong> these new world citizens onto the global economic stage, foreign<br />

direct investment has found new locations, “old”<br />

manufacturing centers have lost some <strong>of</strong> their competitive<br />

advantages overnight, and the race to become or locate the<br />

low cost provider has accelerated at a speed never before<br />

imagined. Technology and telecommunications have been the<br />

rocket fuel for this evolution.<br />

Figures 1, 2 and 3 illustrate this point. Figures 1 and 2 indicate<br />

the location <strong>of</strong> the world’s present and anticipated<br />

population, labor if you will; Figure 3 illustrates the location<br />

<strong>of</strong> capital and technology in today’s world, which might be<br />

defined as wealth.


The law <strong>of</strong> comparative advantage should operate, in the<br />

long run, to create a more productive world. In the meantime,<br />

integrating three billion people into the world economy, when<br />

the bulk <strong>of</strong> those people are willing to work for less than a dollar<br />

an hour, is proving to be no easy task for the “old” developed<br />

nations. As production moves to the lowest cost source, what<br />

will happen to the standard <strong>of</strong> living <strong>of</strong> those “old” developed<br />

nations? Will their superior (in some cases) productivity (commonly<br />

measured by output per man-hour and unit labor costs)<br />

<strong>of</strong>fset the sheer size <strong>of</strong> those populations being integrated?<br />

Ultimately, economic law should rule. A new trade paradigm,<br />

derived from the application <strong>of</strong> the law <strong>of</strong> comparative<br />

advantage, should emerge. This paradigm will integrate the<br />

cheaper labor supply <strong>of</strong> the developing countries, as illustrated<br />

in Figures 1 and 2, with the superior capital and technology <strong>of</strong><br />

the developed countries, as seen in Figure 3, to create a more<br />

efficient world, with that efficiency inuring to the benefit <strong>of</strong> all<br />

<strong>of</strong> its citizens.<br />

Today’s challenge <strong>of</strong> integrating China with 1.3 billion people,<br />

India with over one billion people and a new Russia <strong>of</strong> over 200<br />

million citizens into the world economy will delay the timing but<br />

will not alter the end result <strong>of</strong> this economic evolution. The integration<br />

will take a long time, but the end result will be<br />

advantageous to the entire world. The law <strong>of</strong> comparative advantage,<br />

which will drive the solution, has simplicity and elegance at<br />

its core. But, like most economic laws, it contains “ceteris<br />

paribas” assumptions. For example, the theory disregards sticky<br />

issues like wages and prices, transitional inflationary and deflationary<br />

gaps, and balance <strong>of</strong> payments problems as well as<br />

matters <strong>of</strong> national need. For example, even though the United<br />

States is not the most efficient ship building nation, it maintains<br />

and subsidizes that industry for defense purposes.<br />

Although the flaws in the theory <strong>of</strong> the law <strong>of</strong> comparative<br />

advantage may slow down its operation, the law will nonetheless<br />

wend its way through the world <strong>of</strong> commerce, the “unseen<br />

hand” if you will. Over time, we should see evidence <strong>of</strong> its<br />

application by looking at world trade relative to world GNP.<br />

Increases in the ratio <strong>of</strong> world exports divided by world GNP<br />

will prove that the theory is working. If we see a declining ratio<br />

we can state that politics are driving economics with rising tariffs<br />

and quotas impeding this laws’ implementation. Economics<br />

should determine politics however, and if so, the world will<br />

work for all <strong>of</strong> its citizens.<br />

Demographic & Political Changes: Current Population Comparisons<br />

Demographic and Geopolitical Changes: Projected Population Comparisons<br />

Distribution <strong>of</strong> Global Wealth by Gross National Product<br />

FALL <strong>2003</strong> 21


W HEN Y OU’ RE M OVING T O T HE H EAD O F T HE P ACK,<br />

D ON’ T F ORGET T O L OOK B ACK A ND S EE W HERE Y OU S TARTED.<br />

<strong>Fuqua</strong>’s needs and its competition are real.<br />

<strong>Fuqua</strong> does not have the large, historic endowment <strong>of</strong> its<br />

peer institutions, but constantly competes with them for<br />

the best students, programs, pr<strong>of</strong>essors and research.<br />

<strong>Fuqua</strong>’s goal, to become the best MBA program in the<br />

world, is clearly worthy.<br />

To make your gift to <strong>Fuqua</strong>’s Annual Fund, visit www.fuqua.duke.edu/annualfund or call 919.660.7742.


A message from the<br />

Director <strong>of</strong> Alumni Relations<br />

<strong>Fuqua</strong>’s Alumni Network —“Quality, not Quantity”<br />

I’ve learned a lot over the past year in my position as director <strong>of</strong><br />

alumni relations about <strong>Fuqua</strong> alumni and the value <strong>of</strong> our network.<br />

Overall I would whittle the learning down to one key<br />

cliché: “Quality, not quantity.”<br />

While our network has grown to just over 10,000 impressive<br />

alumni, it still is modest in comparison to our peers who boast<br />

larger populations <strong>of</strong> graduates. I’ve been asked on occasion if<br />

that can be seen as a drawback to <strong>Fuqua</strong>, and I’ve never had to<br />

hesitate in answering that, no, it’s not a drawback at all. In fact,<br />

I would argue that because we are smaller than our peers, and<br />

because we know it, we are more likely to respond to a request<br />

sent through our <strong>Fuqua</strong> network than perhaps an alumnus from<br />

another school. Our network may be leaner than others, but it’s<br />

certainly effective.<br />

In the past year I’ve worked with current students and alumni<br />

to help facilitate meetings and interactions between <strong>Fuqua</strong>ns<br />

and have been so impressed by the willingness for everyone to<br />

help out. The requests have ranged from getting information<br />

about a new city to finding other alumni in a similar career field<br />

to helping business students set up receptions or information<br />

sessions around the world. It’s nice to be part <strong>of</strong> a group where<br />

the standard response is “let me know how can I help.”<br />

What’s also been satisfying is the commitment <strong>of</strong> alumni to<br />

maintaining quality in the network. In speaking with one <strong>of</strong> my<br />

colleagues from the career management center, I’ve learned that<br />

alums will <strong>of</strong>ten pick up the phone to share feedback about the<br />

interview process and the preparedness <strong>of</strong> students. The spirit <strong>of</strong><br />

the feedback is productive, wanting to help make sure that individuals<br />

are representing themselves and the school in the best light<br />

so that recruiting efforts can continue and <strong>Fuqua</strong>’s good name be<br />

maintained. We ask that you keep picking up the phone and sending<br />

those e-mails. Quality is paramount, especially in this economy<br />

and with such strong competition from other MBA programs.<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

Thank you to those <strong>of</strong> you who have been an active part <strong>of</strong> the<br />

network for the important role you play in bolstering our most<br />

important resource as alumni. Every time you respond to an<br />

e-mail or phone call, every time you check the directory for<br />

someone who might help you, or every time you think that<br />

there must be someone at <strong>Fuqua</strong> who can be a resource for you,<br />

you’re keeping the network active and strong.<br />

Part <strong>of</strong> our goal in alumni relations is to provide the infrastructure<br />

to help you use the network as easily as possible.<br />

Continue to send us your feedback on how we’re doing, and<br />

we’ll continue to respond as best as we can. Look for big changes<br />

coming soon in the alumni web site that will address feedback<br />

you’ve sent in the past, enjoy the changes you’ve seen with our<br />

e-newsletter <strong>Fuqua</strong>Net, and look out for events being scheduled<br />

in your city with a local <strong>Fuqua</strong> or <strong>Duke</strong> alumni club. Volunteer<br />

to be your class’s correspondent and gather updates from your<br />

classmates to contribute to this magazine’s Class Notes section.<br />

Let us know when you’re back in town and if you’re able to<br />

link up with students and faculty. And most <strong>of</strong> all, be sure to<br />

keep your contact information up-to-date so we and your<br />

peers can reach you. Always feel free to send updates to<br />

alumni-info@fuqua.duke.edu or head to AlumniLink to change<br />

your pr<strong>of</strong>ile directly online, www.fuqua-alumnilink.duke.edu.<br />

You worked hard to earn your MBA, so be sure to take advantage<br />

<strong>of</strong> the network that comes with the degree; it’s just one <strong>of</strong> the many<br />

benefits that you deserve. For more information about additional<br />

alumni benefits, head to AlumniLink and check out what’s new.<br />

It’s a privilege to work with the alumni relations team to shepherd<br />

our network, and I look forward to continuously increasing<br />

the effectiveness and success <strong>of</strong> our community over time.<br />

Regards from Durham,<br />

Liz Friedman ’00<br />

Director, Alumni Relations<br />

ALUMNI<br />

NEWS<br />

FALL <strong>2003</strong> 23


24 FUQUA EXCHANGE<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

ALUMNI PROFILES<br />

HENRY<br />

DANZIGER<br />

CZECH MATE<br />

BY JOHN MANUEL<br />

As a boy growing up in Toledo, Ohio, Henry Danziger ’02 was<br />

particularly good at two things. “I was a technically astute tinkerer,<br />

always taking things apart, building model airplanes and<br />

cars,” Danziger recalls. “And I was a good negotiator. I remember<br />

talking my father into buying a sports car he wasn’t sure he<br />

wanted. I recognized that everyone has different interests and<br />

everyone has a common interest. The key to successful negotiation<br />

is finding that common interest.”<br />

In his teenage years, Danziger imparted his technical skills<br />

into summer jobs as a tow-truck driver, tire repairman and in<br />

assembly line work in a window and an ice cream factory. He<br />

acquired practical knowledge in how a range <strong>of</strong> service and<br />

manufacturing industries functioned and a familiarity with<br />

the people who worked in those jobs. At age 13, he participated<br />

in an exchange week with his middle school French class, traveling<br />

to France and Switzerland. “I enjoyed that week so much<br />

that I returned to Europe at least once a year after I turned 18,”<br />

he says. “I began to think it might be nice to live there.”<br />

Danziger’s ease in a European setting, combined with his<br />

technical acumen and skills as a negotiator, eventually led him<br />

into a job as a marketing engineer and later business development<br />

engineer with Westinghouse Process Control Europe<br />

where he developed and implemented marketing strategies in<br />

Europe and the Middle East, provided technical and commercial<br />

support to Westinghouse distributors in Germany, England,<br />

Israel, Saudi Arabia and Turkey, and negotiated joint ventures<br />

between Westinghouse and CEZ, the national power company in<br />

Czechoslovakia, a country that attracted his attention.<br />

Prague in the early 90’s was a hotbed <strong>of</strong> economic, political<br />

and social change. “There was no status quo; change was nonstop,”<br />

Danziger says. “Each day meant expecting the<br />

unexpected, personally and pr<strong>of</strong>essionally. There was no comparison<br />

when choosing whether to live in Pittsburgh or<br />

Prague. I wanted the excitement.”<br />

In 1993, Danziger moved to Prague to serve as project specialist<br />

with Westinghouse Electric in support <strong>of</strong> a $400 million<br />

contract with CEZ to finish the construction <strong>of</strong> a Russiandesigned,<br />

Czech-built nuclear power station in South<br />

Bohemia. After three years with Westinghouse in Europe,<br />

Danziger had the know-how and confidence to strike out on<br />

his own. In November, 1995, he founded NASAM Technical<br />

Marketing, Inc. to help American companies explore entrepreneurial<br />

possibilities in developing eastern European markets.<br />

Danziger’s principal Czech client was Skoda Nuclear<br />

Machinery, a subsidiary <strong>of</strong> Skoda Holding a.s., one <strong>of</strong> the<br />

largest Czech engineering concerns. When the Czech Republic<br />

joined NATO in 1998, possibilities opened up for this Czech<br />

manufacturing concern to provide parts for NATO warplanes.<br />

Danziger helped Skoda build relationships with American<br />

firms such as Boeing and Lockheed Martin. He developed the<br />

Aerospace and Advanced Technology Initiative, a program to<br />

convert Skoda’s precision nuclear machining facility to aerospace<br />

component production.<br />

In 1998, Danziger launched a second venture, this one with<br />

former Czech foreign minister Josef Zieleniec. “A mutual<br />

friend introduced me to the former foreign minister at the


opening party for her salon,” Danziger says. “She persuaded him<br />

to seriously entertain the thought <strong>of</strong> creating his own business<br />

and invited me in to develop a business plan for him.” Zieleniec<br />

and Danziger eventually formed Josef Zieleniec and Partners<br />

(JZ&P), a consulting firm that specializes in the development,<br />

management and execution <strong>of</strong> mergers, acquisitions and greenfield<br />

initiatives. In its first year <strong>of</strong> business, JZ&P advised a<br />

NASDAQ listed electronic fund transfer business on its attempted<br />

acquisition <strong>of</strong> the largest Czech ATM network operator, and also<br />

closed the acquisition <strong>of</strong> an automotive stamped components<br />

manufacturer. JZ&P has also provided input into European<br />

Union commercial and legislative issues for major Czech<br />

industrial companies that dominate the domestic coal, telecommunications<br />

and dairy sectors.<br />

While working with JZ&P, Danziger enrolled in <strong>Fuqua</strong>’s Cross<br />

Continent MBA program in 2000 to enhance his management<br />

skills. “The Cross Continent program was ideal for me,”<br />

Danziger says. “I could attend classes in Frankfurt without moving<br />

out <strong>of</strong> Prague. And pursuing an MBA while you are<br />

employed makes a lot <strong>of</strong> sense, as you can apply the course<br />

material right into work situations.”<br />

This year, Danziger launched his most ambitious business<br />

venture yet — the purchase <strong>of</strong> a Czech steel production facility<br />

with 200 employees and more than $11 million in annual sales.<br />

Structured as a management-buy-in, Czech Precision Forge a.s.<br />

will be managed by a four-person team, including Danziger as<br />

commercial director.<br />

Czech Precision Forge is a regional producer <strong>of</strong> steel and aluminum<br />

open and closed-die forgings. The management team<br />

hopes to significantly increase the company’s output and widen<br />

the variety <strong>of</strong> forged materials as part <strong>of</strong> a long-term strategy to<br />

increase the value delivered to its trading partners.<br />

Asked about the biggest challenge in running a business in the<br />

Czech Republic, Danziger points to the need to adapt one’s<br />

internal psychology to the local conditions. “When I first came<br />

over here, there was no commercial law, no rules for doing business,”<br />

he says. “Now, every business transaction here is done on<br />

the basis <strong>of</strong> formal contracts — nothing is done by handshake or<br />

letter. And the court system is a disaster, interminably slow and<br />

full <strong>of</strong> loopholes.”<br />

Danziger also finds himself frustrated by a worker attitude left<br />

over from the Communist era. “Theft from the company is a<br />

huge problem,” he says. “The Czechs had a saying under the<br />

Communists that he who doesn’t steal from the state steals from<br />

his own family. The company was equated with the state, and it’s<br />

been tough to get them to think <strong>of</strong> it as their own. People don’t<br />

believe that if you work harder, you’ll benefit more.”<br />

Still, Danziger feels there is a world <strong>of</strong> opportunity in Eastern<br />

Europe. “For people who are entrepreneurs, there is no better<br />

place to come,” he says. “But you need to come here not with the<br />

idea <strong>of</strong> selling something, but to find services and products you<br />

can export. This region is and will continue to be one <strong>of</strong> the<br />

major parts suppliers to Western Europe.”<br />

“I could attend classes in<br />

Frankfurt without moving out<br />

<strong>of</strong> Prague. And pursuing an<br />

MBA while you are employed<br />

makes a lot <strong>of</strong> sense, as you<br />

can apply the course material<br />

right into work situations.”<br />

FAST FACTS<br />

HENRY DANZIGER<br />

Commercial Director<br />

Member <strong>of</strong> the Board<br />

Czech Precision Forge<br />

The Czech Republic<br />

The <strong>Duke</strong> MBA–Cross Continent<br />

Class <strong>of</strong> 2002<br />

danziger@alumni.duke.edu<br />

FALL <strong>2003</strong> 25


26 FUQUA EXCHANGE<br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

ALUMNI PROFILES<br />

TERESA<br />

HELMLINGER<br />

EXTENSION TO<br />

THE RESCUE<br />

BY JOHN MANUEL<br />

North Carolina’s manufacturing sector is in serious trouble.<br />

Since 1993, the state has lost more than 200,000 manufacturing<br />

jobs. Unemployment is 6.6 percent, above the national average.<br />

Talk is that the state will eventually lose all <strong>of</strong> its textile jobs and<br />

that there is nothing on the horizon to replace them. Teresa<br />

Helmlinger ’85 is out to see that this doesn’t happen.<br />

Helmlinger is executive director <strong>of</strong> North Carolina State<br />

University’s Industrial Extension Service (IES) and assistant<br />

vice chancellor <strong>of</strong> Extension and Engagement. Created in 1955,<br />

IES provides education, training and technical assistance to<br />

business and industry across the state. It is the oldest service <strong>of</strong><br />

its kind in the nation.<br />

For many years, IES provided the bulk <strong>of</strong> its services to large<br />

industries. Since taking the reigns in 1999, Helmlinger has<br />

championed a major shift in focus to small and medium-sized<br />

businesses.<br />

“When I arrived here, we were serving less than 5 percent <strong>of</strong><br />

that population,” Helmlinger says. “Now, it’s up to 12 percent.<br />

We’ve increased the number <strong>of</strong> field <strong>of</strong>fices from five to 26 so<br />

that we can be closer to our clients.”<br />

Helmlinger is particularly concerned with helping small<br />

manufacturing concerns that are threatened by overseas competition.<br />

“We’ve saved at least a dozen <strong>of</strong> these industries in<br />

North Carolina,” she says. “We have helped them with things<br />

such as getting ISO [International Standard] certification to<br />

ship goods overseas. We match businesses up with faculty<br />

members who can help them stay in their markets. It’s mostly<br />

a question <strong>of</strong> finding the right niche.”<br />

Helmlinger is also behind the move to make North Carolina a<br />

leader in biotechnology. Recently, the Golden LEAF Foundation<br />

launched a $64 million initiative to train workers for biotechnology,<br />

$36 million <strong>of</strong> which will go to build a training plant at<br />

North Carolina State University.“I am very encouraged by where<br />

the state is heading in biotechnology,” she says.<br />

Helmlinger started her career with Carolina Power & Light<br />

Co. (now Progress Energy), then the second largest power<br />

company in North Carolina. With a bachelor’s degree in engineering<br />

and no real work experience, she was thrust into the<br />

industry at a time <strong>of</strong> major expansion. Construction was<br />

underway on three large power plants. All the company’s<br />

hydroelectric plants were being renovated.<br />

“It was an exciting time for a young engineer,” she says.“I did<br />

preliminary cost estimates for a lot <strong>of</strong> this construction. I<br />

found out in a hurry there’s a big difference between engineering<br />

theory and how the real world works.”<br />

Helmlinger set up some <strong>of</strong> the company’s conservation and<br />

load management programs. She zigzagged between marketing<br />

and operations. Eventually, she was named division engineering<br />

manager for the Eastern Division—everything east <strong>of</strong><br />

Interstate 95. “I was in charge <strong>of</strong> all support systems for this<br />

sector, including designing and building substations and training<br />

<strong>of</strong> personnel,” she says. “I was also the coordinator in the<br />

event <strong>of</strong> natural disasters, but fortunately missed Hurricanes<br />

Fran and Floyd.”<br />

By the mid-1980s, CP&L had tapped Helmlinger as an upand-comer<br />

and sponsored her enrollment in <strong>Fuqua</strong>’s Evening


Executive program. “My <strong>Fuqua</strong> experience was fabulous,”<br />

Helmlinger says. “For the first time, I was exposed to strategic<br />

level perspective in making decisions. I learned all <strong>of</strong> my marketing<br />

skills at <strong>Fuqua</strong>. And I bonded very closely with my<br />

classmates, though I regret to say I haven’t stayed in touch<br />

with them as much as I would like.”<br />

At the same time she was holding down a full-time job and<br />

working on her MBA, Helmlinger was pursuing certification<br />

as a pr<strong>of</strong>essional engineer. Most people fail the test the first<br />

time; Helmlinger passed. “For two years, all I did was go to<br />

work,come home, study and sleep,” she says.<br />

After twenty years with CP&L, Helmlinger decided it was<br />

time for a change. The company was going through a major<br />

reorganization. She decided if she didn’t leave then, she would<br />

be with the company for another twenty years. In 1999, she<br />

joined NCSU as executive director <strong>of</strong> IES. She found the<br />

change to an academic environment both refreshing and scary.<br />

“The managerial approach in the corporate world is very<br />

different than in academia,” she says. “There’s lots <strong>of</strong> hierarchy<br />

and protocol in business. In academia, the influential<br />

leaders are not necessarily in the administration. It takes<br />

much more time to make a decision and push something<br />

through a university, but when it goes through, you can be<br />

sure it has had the input <strong>of</strong> a lot <strong>of</strong> bright people.”<br />

While serving as executive director <strong>of</strong> IES, Helmlinger has<br />

also been active in the National Society <strong>of</strong> Pr<strong>of</strong>essional<br />

Engineers (NSPE). She sought out committee assignments<br />

and worked her way up through the ranks. In July, <strong>2003</strong>, she<br />

FAST FACTS<br />

TERESA HELMLINGER<br />

Executive Director <strong>of</strong> Industrial<br />

Extension Service<br />

Assistant Vice Chancellor <strong>of</strong> Extension<br />

and Engagement<br />

North Carolina State University<br />

Raleigh, North Carolina<br />

Evening Executive MBA<br />

Class <strong>of</strong> 1985<br />

terri_helmlinger@ncsu.edu<br />

“For two years, all I did was go to<br />

work, come home, study and sleep.”<br />

was elected president <strong>of</strong> the 60,000 member organization—<br />

the first woman ever to hold that <strong>of</strong>fice.<br />

As president <strong>of</strong> NSPE, Helmlinger is championing a public<br />

relations effort entitled the American Engineering Campaign<br />

to create a positive image <strong>of</strong> engineers. The campaign directly<br />

targets students in classrooms across America. In particular,<br />

NSPE hopes to attract “a different flavor <strong>of</strong> engineer” into the<br />

industry. “The number <strong>of</strong> white Anglo-Saxon males in engineering<br />

is falling rapidly,” Helmlinger says.“At the current rate,<br />

we will be short a million engineers by 2010. We need to<br />

attract more women and minorities into the field.”<br />

For both engineering students and MBAs, Helmlinger’s<br />

own success stands as a sterling example <strong>of</strong> what a person can<br />

accomplish when she puts her mind to it.<br />

FALL <strong>2003</strong> 27


36 FUQUA EXCHANGE<br />

EXECUTIVES<br />

($25,000 and above)<br />

Bonnie Miao & Robert Derek Bandeen T ’84 B ’85<br />

Josie & Douglas T. Breeden<br />

Carol F. & James DeJoy<br />

Nola Maddox W ’61 & Charles Falcone<br />

Richard P. & Joan S. Fox<br />

Dorothy & J.B. <strong>Fuqua</strong> GHON ’73<br />

Duvall & J. Rex <strong>Fuqua</strong><br />

Esther Kelly & John W. Hartman T ’44<br />

Susan Kelly Smelz & William B. Haskett III B ’78<br />

Agnes & Gerald L. Hassell T ’73<br />

Alice Kirby & George A. Horton III<br />

F. M. & Walker D. Kirby<br />

Karen McCabe & Jefferson W. Kirby B ’87<br />

S. Dillard Kirby<br />

Cynthia J. N ’84 & Richard J. Leaman III T ’84 B ’86<br />

Ginger W ’53 & Dick T ’52 Mead<br />

Ruth Lilly W ’64 & Peter M. Nicholas T ’64<br />

James F. Rabenhorst E ’64<br />

Carol Ann Mykolyk & Frank Adams Riddick III B ’80<br />

Thomas B. Roller B ’74<br />

Michele Rollins<br />

Alan D. Schwartz T ’72<br />

Mr. & Mrs. Alan G. Schwartz<br />

Sharon & Garry Snook<br />

Eugenia P. & Robert P. Strauss T ’53<br />

Kathleen Kaylor T ’77 & G. Richard Wagoner Jr. T ’75<br />

DIRECTORS<br />

($10,000 to $24,999)<br />

Dean Rex D. Adams T ’62 & Ellen C. Adams W ’62<br />

Kerrii B. Anderson B ’87<br />

ISLE MALIGNE SOCIETY<br />

Annual Gift Club 2002–<strong>2003</strong><br />

The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business expresses its gratitude to the following Isle Maligne Society donors<br />

who generously provided financial support in the 2002–<strong>2003</strong> fiscal year.<br />

The Isle Maligne Society is comprised <strong>of</strong> alumni and friends who contribute $1,000 or more annually<br />

to The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business. The Isle Maligne credo <strong>of</strong> “leadership through vision, innovation and investment”<br />

can be seen through the generosity <strong>of</strong> this group. These individuals help the school maintain a<br />

global standard <strong>of</strong> MBA excellence. We are grateful for their continued support.<br />

If you are interested in joining the Isle Maligne Society or have questions concerning this list,<br />

please contact the annual giving <strong>of</strong>fice at 919-660-1984 or e-mail bsimmons@duke.edu.<br />

B The <strong>Fuqua</strong> <strong>School</strong> <strong>of</strong> Business<br />

E Pratt <strong>School</strong> <strong>of</strong> Engineering<br />

G Graduate <strong>School</strong><br />

L <strong>School</strong> <strong>of</strong> Law<br />

M <strong>School</strong> <strong>of</strong> Medicine<br />

DONOR KEY<br />

N <strong>School</strong> <strong>of</strong> Nursing<br />

P Parent<br />

R Graduate <strong>School</strong> <strong>of</strong> Nursing<br />

T Trinity College<br />

W Woman’s College<br />

Lawrence Harry Anderson T ’63<br />

Claire Lewis Arnold & H. Ross Arnold III T ’67 L ’70<br />

Merilee H. W ’62 & Roy J. Bostock T ’62<br />

Barbara A. T. & Jack Oliver Bovender Jr. T ’67 B ’69<br />

Anne Rozelle & Douglas Kelvin Bratton B ’84<br />

Sunny Harvey B ’88 & Lee Burrows<br />

Anne J. W ’64 & John C. Clark T ’63<br />

Diana Lynn & Thomas W. Crawford<br />

Preston M. Dunnmon T ’80 M ’84 B ’02 & Kara Lyn Haas T ’80<br />

Linda & John D. Englar T ’69 L ’72<br />

Harry H. Esbenshade III T ’79<br />

Melinda French T ’86 B ’87 and William H. Gates III<br />

Robert A. E ’61 & Annie Lewis Garda W ’61<br />

Margaret B. W ’43 & C. Felix Harvey III<br />

Cynthia C. & Michael R. Hemmerich T ’80 L ’85 B ’94<br />

Judie & Patrick J. Henry B ’88<br />

Anna Ho B ’87 & Bob Whalen II<br />

Martha Hamrick & Thomas R. Howerton T ’43 B ’48<br />

Beverly Lange & Roy William Kiefer B ’78<br />

Heidi Ann Hetzer & Frank Edgar Lewis Jr. B ’79<br />

Kathleen Upton Byrns McClendon T ’80 & Aubrey Kerr<br />

McClendon T ’81<br />

Celeste & William McKinley B ’85<br />

Ellen L. & Alexander T. McMahon B ’82<br />

Anne Hall & John Alexander McMahon T ’42<br />

Wendy F. T ’80 & Bruce Elliot Mosler T ’79<br />

Mary Walker W ’53 & Robert M. Price Jr. T ’52<br />

Leanne & Lawrence Scott Rand B ’93<br />

Patricia G. & Howard C. Ris Sr. T ’38<br />

Kim Lander & Jeffrey William Rollins T ’87 B ’88<br />

Lilli & Jonathan Roth B ’90<br />

Catharine Ann & Daniel Macleod Searby<br />

Robin B. & Jonathan S. Sherwin B ’78<br />

Donna H. & William Randolph Smith B ’72<br />

Gillian & Robert King Steel T ’73<br />

Gene N. & Joseph Robert Swedish B ’79<br />

Judith M. G ’77 & William A. Vogel B ’76<br />

Mark Campbell Winmill B ’87<br />

MANAGERS<br />

($5,000 to $9,999)<br />

Betty & John Allison B ’74<br />

Janice Cohen T ’88 B ’92 & Jeffrey Thomas Beckmen B ’92<br />

Peggy L. & David L. Bodenhamer T ’52<br />

Samantha & Garland Cecil Boothe III B ’88<br />

Diane Brown B ’83 & James Charles Bosek B ’83<br />

Jane B. & Bobby W. Bush T ’53<br />

Teresa P. & James E. Caldwell T ’67<br />

Sara B. & David Redmon Cobb B ’82<br />

Mary Lou & Brian Lloyd Derksen B ’78<br />

Lisa & Ralph Eads III T ’81<br />

Alice & Martin Emmett<br />

Eugene Flood<br />

Jane H. N ’78 B ’80 & Scott H. Gamber B ’79<br />

Susan Skiles W ’63 & David Ronald Goode T ’62<br />

Helen Catherine Gleason & John Frederick Hammerschmitdt B ’85<br />

Margaret S. T ’74 & W. Clay Hamner<br />

Barbara T. & Harvey R. Holding T ’56<br />

Cynthia S. & Mark O. Johnson T ’75 B ’78<br />

Joy & J. J. Kiser III T ’65<br />

Tina & William A. Lane Jr. T ’44<br />

Duane Alan Lisowski B ’98<br />

Teresa Ann Miles T ’85 B ’87<br />

Katherine D. & George James Morrow B ’81<br />

Catherine Mary O’Hern B ’94<br />

Pamela & Jacque H. Passino Jr. T ’70<br />

Martha & J. Neal Purcell<br />

Lloyd Reuss<br />

Lisa Kathryn Hinds-Salmon B ’98 & Harold Philip Salmon B ’95


Elizabeth B. N ’74 R ’81 & Walter W. Simpson III B ’74<br />

Kathleen A. & Stephen R. Sleigh B ’91<br />

Janice M. & Steven J. Snider B ’92<br />

Laurie S. & Colin B. Starks T ’78 B ’79<br />

Karen Schmitt & Raymond Francis Steitz B ’79<br />

Dirk Morgan Van Doren B ’85<br />

Anne-Lee Verville<br />

John Charles Weber Jr. B ’01<br />

FELLOWS<br />

($2,500 to $4,999)<br />

John C. Appel<br />

John Anders T ’92 & Carolyn Cooney Bartholdson B ’96<br />

Sue & Carl Douglas Bell B ’92<br />

Paul B ’88 & Carrie Bishop<br />

DeAnne & Kirk J. Bradley B ’86<br />

Sue Gourley Brody B ’82<br />

Janice & Leonard Brooks III B ’85<br />

Mary Louise & Lewis Byrns Campbell E ’68<br />

Robert & Meghan Ci<strong>of</strong>fi B ’98<br />

Paul Michael Coleman B ’99<br />

Jacquelyn Marie Crawford B ’02<br />

Ann Quattlebaum W ’65 & James L. Curry T ’65<br />

Jane Louise Dapkus B ’01<br />

Robert Falco Del Bene B ’98<br />

Rose Kueffner W ’41 & Edward S. Donnell T ’41<br />

Brian G. Dyson<br />

Sandra Lynn & Richard W. Eakin T ’72<br />

Ann Russell Eppinger B ’87<br />

Susan Marie Lammers & Walter Euyang Jr. B ’81<br />

Charles Gerard Galligan B ’88<br />

Lisa J. Mackintosh & Anthony F. Garvin B ’89 T ’84<br />

Merryl & Barry Seth Gersten B ’87<br />

Patricia Lister & William Joseph Hanenberg E ’73 B ’80<br />

Paula Spiaggia & Peter Gregg Heist E ’81 B ’85<br />

Frances Jean & John Michael Howard B ’02<br />

Karl Grier Hudson III B ’88<br />

Sarah C. & S. Pemberton Hutchinson B ’00<br />

Patricia & John A. Koskinen T ’61<br />

Jacqueline D. & John David Lange B ’95<br />

Mark B ’91 & Laura Lauer<br />

John Hugh Leibee B ’83<br />

Mrs. J. Erskine Love Jr. W ’51<br />

Valerie M. E ’94 & David M. Love T ’94 B ’01<br />

Judith Ann Maness B ’83 & Ronald Willacker<br />

Saundra Hardin Marion B ’93<br />

Frank Edward Mars B ’90<br />

Michael David McGettigan B ’96<br />

Diane McShane & David Barton Miner B ’85<br />

Mary Ellen Minnick B ’83<br />

Nan Gray & Albert Coy Monk III T ’61<br />

Jeffrey Bernard Moore B ’97<br />

Michael Paul Morris B ’00<br />

Adil Amin Nathani B ’87<br />

Michelle P. & R. Ge<strong>of</strong>frey Neville B ’85<br />

Peter Michael Nicholas Jr. T ’92 B ’98<br />

Bonnie Becker & Theodore Robert Ochs Jr. B ’93<br />

Warren Robert Osborn B ’99<br />

Christopher Michael Oshea B ’03<br />

Robert Lane Painter B ’00<br />

Anthony Chapman Reilly B ’96<br />

Daniel R. B ’80 & Christine P. Richards L ’79<br />

Craig Cooper Robertson B ’02<br />

Suzanne Marie Royer B ’89<br />

Cornelia Urban B ’97 & Adrian Sawczuk B ’97<br />

Phyllis J. & Michael J. Schwartz B ’71<br />

Daniel O. Shackleford B ’91<br />

Laurie & William G. Shean B ’84<br />

Mary Anne Monaghan & Charles Jude Skender B ’81<br />

Richard Wesley Sluder B ’02<br />

Othmar Walter Stoeckli B ’02<br />

Elane Stock & Andrew John Sullivan B ’83<br />

Julius Ellis Talton Jr. B ’86<br />

Julie Ann & Mark Tedford B ’95<br />

Amy & John Wesley Towne B ’98<br />

Lee Robert Waite B ’83<br />

Cynthia S. N ’69 & Roy W. Walters III B ’75<br />

Virginia & Andrew Widmark<br />

Dr. Julie E. & Jeffrey S. Yonker B ’84<br />

Jeanne & Joseph Hames Yurman II B ’97<br />

SHAREHOLDERS<br />

($1,000 to $2,499)<br />

Luiz Eduardo Franco de Abreu B ’01<br />

Michelle & F. Kenneth Ackerman III B ’91<br />

Leanne S. & Paul Magness Adamo B ’92<br />

Cathleen Marie Ahearn B ’97<br />

Vicki & Mark S. Ahnrud B ’85<br />

Syed Ahsan B ’01<br />

Kathleen Conway T ’82 & Mark Richard Alperin B ’82<br />

Sarvani & Arun Kumar Andhavarapu B ’02<br />

Lorrie Andrews B ’99<br />

Cynthia & R. Jay Anthony B ’75<br />

Sanjula & Sanjiv Arora B ’92<br />

Prakash Arya B ’01<br />

Michael Charles Auger B ’81<br />

Kristin Wheeler Austin T ’92 B ’00<br />

George Elwood Ayres B ’01<br />

Katherine King & Peter E. Baccile B ’86<br />

Faith Lowney B ’90 & William Christopher Bade B ’90<br />

Kevin Charles Baer T ’90 B ’95<br />

Erin & Matthew Krick Bailey B ’99<br />

Irene Levy & David Charles Baker T ’85 B ’90<br />

Michael Eugene Ball B ’99<br />

Johanne Balmir-Pearson B ’00<br />

Heather Eileen Bannister B ’99<br />

M. Lee Barnes Jr. B ’95<br />

Linda Scott & Robert Wesley Bartlett B ’90<br />

Mary Clay & Marshall Thompson Bassett T ’76 B ’89<br />

Monica Banatwala B ’87 & Raja Basu B ’87<br />

John & Mimi Gottlieb Bateman B ’92<br />

Eleise S. & Richard Bauman T ’53<br />

Jennifer Farthing B ’86 & Steve Leslie Bean<br />

Karen & George Frank Bednarz B ’85<br />

Lucy Beevor B ’01 & Jorge Lopes B ’01<br />

Craig William Beresin B ’99<br />

Amy Squires & Bret John Bergman B ’95<br />

Catherine Canada E ’88 & Thomas Mettrey Betor E ’89 B ’94<br />

Diane McLaughlin & William Joseph Biggers T ’49<br />

Lori Ellen Bishop B ’98<br />

Diana Joan Block B ’91<br />

Allison Geller & Joshua C. Block B ’98<br />

Carl Edward Bolch III B ’00<br />

Kenneth J. Bolich B ’93<br />

Laura Poole B ’94 & Douglas Bruce Bollermann B ’93<br />

Joshua H. Bond<br />

Kate Bostock T ’94 B ’02<br />

Christine G. T’75 M ’82 & Edwin Phillip Bounous Jr. M ’79 T ’81B ’99<br />

Lucinda Ann Bradley B ’81<br />

Thomas Francis Brennan B ’81<br />

Holland Vose & James R. Brigham Jr. T ’67<br />

Mary & James R. Brigham T ’44<br />

Wade H. Britt III T ’69 B ’79<br />

Christine Susan & George W. Brochick B ’74<br />

Jane Frances Brown B ’97<br />

Peter Joseph Brown B ’01<br />

Kimberly Anne Bruce B ’99<br />

Andrew B ’00 & Lynn Brynes<br />

Kimberly Huntzinger Buck B ’88 & James Edward Buck II T ’84 B ’88<br />

Stacie Spychalski Buckley B ’98<br />

Kevin Webster Bunting B ’01<br />

Bowman Kenneth Burton Jr. B ’98<br />

Danielle Quave Burton B ’94 & Lionel Coleman<br />

Richard M. Burton<br />

Thomas Beyer Byrne B ’84<br />

Lynn E. Calhoun T ’78 B ’83 & Douglas DeGolyer Arnold T ’80<br />

Jennifer Spisak-Cameron<br />

Cindy Jo & Dennis Michael Cary B ’91<br />

Mark Dougless Cashion B ’00<br />

Suzanne Ulrich & Thomas Patrick Cavanagh B ’98<br />

Susan Allen B ’94 & Peter John Cera B ’94<br />

Julie D. Chang B ’96<br />

Amber Mei-Ha Chan B ’92 & Pen-Hau Benjamin Chang B ’91<br />

Andrea Chan B ’98<br />

Julie D. Chang B ’96<br />

Kathryn Cronin B ’85 & Michael Chase<br />

M. Ruth & O. Charlie Chewning Jr. T ’57<br />

James Joel Childre Jr. B ’01<br />

Brian James Chin B ’01<br />

Mark B ’95 & Elen Christopher<br />

Cherry Pugat Chu B ’01<br />

Roman & Tzau Jin Chung B ’94<br />

Ge<strong>of</strong>frey Lloyd Clark B ’00<br />

Anne & Lawrence Stewart Clark T ’81 B ’87<br />

Robert Scott Cleveland B ’00<br />

Karen S. & Steve A. Cochran<br />

Drana Blgehlg & Gary C. Coleman B ’88<br />

Lori C. & Jeffrey W. Collins B ’87<br />

John Connolly B ’98<br />

James Paul Cordes B ’01<br />

Angela Blose & William E. Corley B ’66<br />

Diana S. & Thomas Paul Cornett T ’81 B ’85<br />

Maria Mercedes Mingaraca Corrales B ’00<br />

Barbara C. & James H. Corrigan Jr. E ’47<br />

Michael Patrick Craig B ’97<br />

Mayumi Otaki & Carroll John Creech B ’97<br />

Katherine Mitchell C. & Russell L. Creighton T ’72 B ’75<br />

Steven James Crowley B ’97<br />

Lynn P. & James Hugh Cunningham Jr. B ’79<br />

Margaret Hogan Kelly & Michael Robert Curry B ’84<br />

Hedayat Daie B ’86<br />

Beth & Gregory Joseph Daniel B ’97<br />

James L. Davis T ’45<br />

Susan Marie B ’90 & Gregory DeMarco B ’91<br />

Sudha Ranthi & Nagaraj Ranthi Dev B ’75<br />

Philip John DeZutter B ’96<br />

Mary Anne & Alan T. Dickson<br />

ISLE MALIGNE DONORS<br />

FALL <strong>2003</strong> 37


38 FUQUA EXCHANGE<br />

SHAREHOLDERS (CONTINUED)<br />

Deanne Evelyn B ’91 & Jack DiPasqua<br />

Jacqueline C. & Andrew W. Diwik B ’92<br />

Raquel Rivera & Martin Craig Dobbins B ’88<br />

Pamela & Larry M. Dobbs T ’60<br />

Elizabeth Ann Dolinski B ’02<br />

Tanya Dorhout B ’01<br />

Kathryn Nadine Downs W ’72<br />

Gail Young & C. Stephen Dula T ’65<br />

Michael James Dunmyer B ’01<br />

David Carlton Edwards T ’81 B ’01<br />

Trent Edwards B ’02<br />

Elise Lemoyne G ’94 & Michael J. Egan B ’94<br />

Chisara Dawn Ehiemere B ’99<br />

Virginia Stokes & David N. Elan B ’98<br />

Dorothy Oscarlyn B ’01 & Todd C. Elder<br />

Tagbo Francis Emejulu Jr. B ’02<br />

Tara Byram B ’99 & Gordon James Ennis B ’00<br />

Pamela Smith N ’74 & Eric F. Ensor T ’74 B ’77<br />

Beatrice Metzger B ’94 & John Douglas Fagan<br />

Sandra Elaine Faulkner B ’98<br />

Michelle Joanne Faustin B ’01<br />

Mina & Jordan Laurence Feig B ’98<br />

Joan Gabriella & Robert Scott Feldman T ’90 B ’97<br />

Johnny Carl Fenley B ’01<br />

Stuart Scott Ferguson B ’00<br />

Amy Michele Fielek B ’00<br />

Maria Finarelli B ’95<br />

Heather Sutherland T ’87 & Thomas Michael Finke B ’91<br />

Sarah A. T ’76 & C. Grayson Fitzhugh B ’74<br />

Susan L. Raanan & Robert S. Fleischer T ’64<br />

Dorlisa King T ’87 B ’88 & Peter Wade Flur E ’86<br />

Lynne Hudspeth & Thomas David Foard T ’82 B ’84<br />

Rebecca Godthwaite & Lawrence Herbert Forman B ’80<br />

Gregory Gilles Fowlkes B ’00<br />

Kristie Herda & Charles John French B ’02<br />

Elizabeth A. B. B ’00 & Jordan Friedman<br />

Debra & Steven Josef Fuchs B ’80<br />

Morris Laney Funderburk III B ’98<br />

Patricia Hodgins T ’76 & Charles R. Fyfe Jr. T ’68 B ’74<br />

Carol & Richard Joseph Gagliano B ’89<br />

Aaron Henry Gani B ’99<br />

Stefan Jorg Gaspar B ’91<br />

Karen Veronie Gatenby B ’01<br />

Charles Kenneth Gayer B ’01<br />

Mr. & Mrs. Bernard Geller<br />

Beth Jo Geller B ’98<br />

Deborah Keslo & Robert David George B ’80<br />

Eva-Maria & Wilhelm G. Gerster B ’97<br />

Jonathan Mark Ghiloni B ’00<br />

Sandra Marie & David Michael Gibbs B ’78<br />

Deborah & Stephen E. Gibson B ’77<br />

Richard Lee Gilbert B ’01<br />

William V. Gillies B ’80<br />

Jennifer Forest & David Marc Glauser B ’02<br />

Craig Stefan Glee B ’01<br />

Darlene Gayle Durrance & James Thomas Glenn B ’84<br />

Jennifer Green B ’00 & Pierre Michael Godette<br />

Shelley & Graham Campbell Goldsmith B ’94<br />

Alice Elaine Gould E ’83 B ’90<br />

Monica Elizabeth & Jeffrey Edward Green T ’78 B ’80<br />

Ann Alexander Greer W ’56<br />

Louise Ann B ’00 & Kenneth Gregory<br />

Scott Dawson Griffith B ’00<br />

Deborah & John Burke Gripman B ’83<br />

Anne Purcell B ’99 & Richard John Grissinger B ’98<br />

Emily June Grogan B ’00 L ’00<br />

Mary Ellen Cusick T’84B’89 & Mark Earl Grossnickle T ’84 M ’88<br />

Doris Barr & Arthur Sanders Grove Jr. B ’97<br />

Virginia Reeve Guilfoile B ’85<br />

Robin Marie Hackney B ’01<br />

Lise O. & John Travis Hain B ’83<br />

Virginia Walker & Burgess Harrison Hamlet III B ’87<br />

Carol & Ladd Watts Hamrick III BD ’82 T ’81<br />

Diane Marie & Timothy Hare B ’91<br />

Judith Smith & Thomas Lanier Harned B ’93<br />

Jan & J. Frank Harrison III B ’83<br />

William Clarke Hartmann B ’01<br />

Eleanore Lauren Hawkins B ’01<br />

Robert Dodd Haynes B ’01<br />

Joseph Lee Hedrick B ’80<br />

Darrel Edward Hegar B ’98<br />

Kent Evan Helfrich B ’01<br />

Richard Scott Helsper B ’01<br />

Carolyn Reed T ’86 & Christopher Karrer Hersh T ’86 B ’99<br />

Janet & Calvin Hill<br />

Laura Elizabeth Hinton B ’01<br />

Kevin Lynn Hinz B ’90<br />

Audrey Hipkins B ’00<br />

Nancy A. Ameen & Alan George Hoden B ’87<br />

Kent Royall Holding B ’90<br />

David John Holmes B ’00<br />

Stacy Wells & Jeffrey Earle Holt B ’01<br />

Kelly A. B ’98 & Jesse Horten<br />

Karen & Curtis Lee Howell B ’98<br />

Janice Pope & Richard T. Howerton III B ’75<br />

Frances F. B ’94 & Magreger Glenn Hyde B ’94<br />

Raymond Andrew Jacobson B ’01<br />

Juli Ann Jadick B ’00<br />

Linda Claybourn B ’82 & Jon Mark Jenkins L ’81<br />

Richard Jens Jenson B ’00<br />

Nancy Price & Kurt Alan Jetta B ’86<br />

Mary P. Kessler & David White Jones B ’78<br />

Gordon Saunders Jones Jr. B ’99<br />

Matthew Russell Jones B ’00<br />

Linda J. & James Michael Kacergis B ’89<br />

Duane Koshin Kakazu B ’98<br />

Cheryl Lorraine Kane B ’00<br />

Georgia & Kostas A. Katsohirakis B ’93<br />

Tomie & Takafumi Kayano B ’96<br />

Leslie Rose & Daniel Goddard Keane B ’93<br />

Martin Kelleher B ’00<br />

John C. Keller B ’94<br />

Sherry Ann Kellett W ’66<br />

Ge<strong>of</strong>frey Grant Kelley B ’94<br />

Debra Kendall B ’99<br />

Lawrence Thomas Kennedy Jr. B ’98<br />

Nan & Bob Keohane<br />

Gary Loren Kessler B ’98<br />

Megan & Robert Marshall Keyser T ’89 B ’94<br />

Andrew Kay Jin Khoo B ’01<br />

Robert Jack Khoury B ’97<br />

Wilirut Kiattichuanchai B ’00<br />

Lisa Eunkyung & Chinil Julian Kim B ’87<br />

Seok Ho Kim B ’97<br />

Eugenia Hudson & Frank-Paul Anthony King B ’91<br />

Elizabeth Bradley Kitchens BN ’99<br />

Stamatios Antonio Kitras B ’00<br />

Pierre David Knechtel B ’01<br />

Diane P. B ’80 & Robert Gene Kopitsky M ’82<br />

Edward Andrew Korenman B ’00<br />

Teresa & David Lawrence Korol B ’91<br />

Brian E. Kramer B ’01<br />

Barrett LaMothe B ’97 & Gregory Lloyd Ladd B ’97<br />

Michael Wallace Lamach B ’01<br />

Nancy J. Zeller-Landau B ’90 & Seth R. Landau<br />

Jill S. & Michael Pasquale Langella B ’90<br />

Daniel Wayne Lantz B ’01<br />

Mary E. T ’86 & Steven Paul Lapham B ’86<br />

Abdelhaq Laraki B ’00<br />

Suzanne F. & Todd Daniel Lavieri B ’90<br />

Amy Clarfeld B ’01 & Aaron William Lavin B ’01<br />

Anthony Jon Lee B ’01<br />

Heather & William Earl Lee Jr. B ’76<br />

Sandra Terry & William Martin Lehman B ’72<br />

Bettsy Creigh N ’62 & Tom E. Leib E ’61<br />

Tracy Lowrey Lenehan B ’98<br />

W. Curtis Livingston III T ’65<br />

Deborah & William Matthews Long III B ’93<br />

Eileen O’Hern & William Kent Luby B ’85<br />

Ginny Glascock & Rhett Nicholson Mabry B ’87<br />

Laura A. MacFadden B ’98<br />

Lorraine & Edward J. Mack<br />

Robert Paul Mack B ’01<br />

Carol & Donald L. Maclean B ’83<br />

Michael Victor Madden B ’01<br />

Marlene A. & Frederic V. Malek<br />

Suzanne & Mark Malloy B ’82<br />

Chuck B ’90 & Becky Mancini<br />

Miguel Andres Mandoki B ’01<br />

Letitia P. B ’90 & Jeffrey M. Mann B ’90<br />

Anna Maria Saccone B ’84 & Bryan James Marini<br />

Jennifer Huntley T ’92 & Jeremy K. Mario T ’92 B ’96<br />

Robert F. Markley<br />

Lara F. & Francis C. Mataac B ’01<br />

Jefferson Matthew B ’02 & Nancy B. Myers T ’89<br />

Alice C. & Gordon Maxson B ’73<br />

Sara Ecke B ’87 & Andrew Walter May B ’87<br />

Kimberly & Owen Arthur May B ’83<br />

Frances Craft & Kenneth E. Mayhew Jr. T ’56<br />

Christine Michelle Mayne B ’00<br />

Mary Beth T ’97 & Wesley D. McCallister<br />

Katrinka B. Bogardus B ’95 & Leo Thomas McCallum B ’95<br />

Douglas Andrew McCullough B ’00<br />

Patricia Johnson & Kevin Thomas McDonnell B ’83<br />

Victoria J. McGuire B ’91<br />

Sean Patrick McHugh B ’00<br />

Philip Leslie McKenzie B ’99<br />

Loraine Anne B ’99 & Richard McLellan<br />

C. Holly Means B ’97<br />

Elizabeth & Jay A. Mednikow B ’90<br />

Alka Mehta & Ravi Mehta B ’00<br />

Kim Nance-Meier B ’90 & Thomas M. Meier<br />

Catherine M. & Randy Jay Meisner B ’89<br />

Mary Lynn & Kent Douglas Meyers B ’80<br />

Ju-Chang Ronald Miao B ’91<br />

Margaret Elizabeth Miller B ’94<br />

Mary Myers T ’79 & Norvell Elliott Miller IV T ’79 B ’81<br />

Terrence J. Miller B ’99<br />

David Brian Minor B ’96<br />

John Wade Mixson B ’98


Paul Eric Moentmann B ’02<br />

Amanda & Paul Thomas Monaghan B ’95<br />

LaShana & David Evans Uriel Morris T ’92 L ’00<br />

Feliz Motta B ’02<br />

Andrew N. Munyon B ’02<br />

Laura K. & Michael S. Murphey B ’82<br />

Carlton Wright Murrey B ’00<br />

Anne Louise B ’95 & Robert Kevin Myers<br />

Nancy Hiresh & Sean David Myers B ’01<br />

Daniel R. Nagy<br />

Priti & Manish R. Naik B ’99<br />

Marnie Larson B ’95 & David James Near T ’91 B ’95<br />

Jason W. Near T ’93 B ’97<br />

Nancy A. Near<br />

Catherine Annette Nelson T ’81 B ’85 & Walter Diewald<br />

Sue W ’52 & Lee Noel T ’52<br />

Sabina Karen B ’93 & John Michael Norton<br />

Matthias Thomas Norweg B ’02<br />

Giles Leicester Eamonn Nugent B ’89<br />

Tadeu De Mello Nunes B ’01<br />

Elizabeth O’Brien B ’92<br />

Brian William Olson B ’96<br />

Paige Andros B ’00<br />

Nina Hunt & Jeffrey Michael Otchis B ’99<br />

Isabella Gomez Padua B ’01 & Reinaldo Jose Padua B ’01<br />

Robert Palacios B ’94<br />

Elizabeth W. Parker B ’85<br />

Laura Taft B ’93 & William F. Paulsen<br />

Montgomery Paulsen B ’01<br />

Elizabeth Anne & Frederick Robert Perschau B ’96<br />

Tracey & Greg Blaine Petersen B ’89<br />

Michael Raymond Peterson T ’74 B ’81<br />

Christy Lynn Petros B ’02<br />

Samara Mathis Pfohl T ’95 B ’02<br />

Steven Corbett Pierson B ’95<br />

Elizabeth R. N ’80 & Richard Dal Pilnik T ’79<br />

Rodney C. Pitts T ’68<br />

Connie A. & Frank Plastina<br />

Georgiana O. B ’91 & Ira Jay Platt B ’91<br />

Matthew Lucas Porio T ’86 B ’89<br />

Pattie J. & H. Keith Porter B ’98<br />

Priscilla Tiffey & John Edward Powell Jr. B ’98<br />

Pamela Powell T ’85 B ’89<br />

Jean Voute & Michael Joseph Pratt B ’94<br />

Eric David Pringle B ’00<br />

Beverly Ann B ’92 & Bernard Aloysius Purcell III B ’01<br />

Leigh & James Carlton Purcell B ’91<br />

Hullihen Dewey Quarrier B ’00<br />

Peter D. Quinn B ’89<br />

Brett Matthew Ramsey B ’02<br />

Purandar Janampally Rao B ’00<br />

Steve A. Ratcliff B ’99<br />

Terrie Lanita B ’95 & Wendell Gilbert Rayburn Jr. B ’95<br />

Randal Edwin Reardon B ’00<br />

Betsey Mann B ’97 & John Joseph Rebello II B ’97<br />

Elizabeth R. Diamond & Daniel Charles Reck B ’95<br />

James Fitzgerald Rees B ’00<br />

Julie Mackle T ’89 & Michael Spencer Reeves B ’95<br />

Elaine & Wiliam Keith Reidy B ’85 L ’85<br />

Daniel Rellis B ’02<br />

Kimberly Ann & Mark Lyle Reuss B ’90<br />

Mark Samuel Reynolds B ’01<br />

Margaret Gibbs B ’95 & Kevin Richardson<br />

Stefan Richter B ’01<br />

Wendy Aims T ’79 B ’93 & Patrick Anthony Rowe<br />

Josef K. Ruth<br />

Joan S. Ruvane<br />

Christian Cavanaugh Ryan B ’00<br />

Karinn Baffa & Todd Orville Sammann B ’93<br />

George Hutchinson Sanderlin B ’85<br />

Derek Ronald Sappenfield B ’96<br />

Michael Scott Schaftel B ’94<br />

Lawrence D. Schiller B ’00<br />

Mary Ann & Barry John Schimpf B ’77<br />

Terrence Joseph Schmid B ’92<br />

Wanda Ann & John Frederick Schramm B ’84<br />

Rachel Leah Schwartz B ’02<br />

Karin J. Dell’Antonia & Robert L. Seelig E ’90 B ’91<br />

Naomi Citron B ’92 & Adam Glen Shapiro B ’92<br />

Daniel Aaron Shellenbarger B ’01<br />

Lisa Anouilh & Russel L. Sherrill B ’90<br />

Dianne & Steven R. Shilling B ’98<br />

Susan Parker & John Aubrey Shimp T ’87 B ’96<br />

Theresa Darlene Silver B ’98<br />

Caroline Mary Simko B ’90<br />

Jill Melissa Simmons B ’00<br />

Gaurav Singh B ’01<br />

Peggy & J. Knox Singleton B ’73<br />

Karen Slunder B ’00<br />

Jonathan Steven Smigie B ’01<br />

Ann McDaniel & Charles T. Smith Jr. T ’54<br />

Clarence Alvin Smith B ’99<br />

Claire & Robert Franklin Smith B ’94<br />

Cherylann & Douglas Craig Solow B ’98<br />

Helen M. W ’51 & Joseph E. Soussou<br />

Donald Stuart Sowder B ’01<br />

Stacie Lynn Spangler B ’98<br />

Cyrena Weary & Charles Lee Sparkman Jr. B ’80<br />

Michalis P. Stavrinides B ’02<br />

J. Paul Sticht GHON ’84<br />

Peter Joseph Stokes B ’99<br />

Douglas Alan Stukenborg B ’00<br />

Lynn & John Gordon Sutherland E ’76 B ’80<br />

Kimberly Michele B ’97 & David Cary Tapscott B ’93<br />

Joseph Janney Thomas B ’00<br />

Kathleen Araskog T’91 B ’00 & Andrew Sebastian Thomas B ’00<br />

Charese Lynier Thompson B ’01<br />

Philip George Thorogood B ’99<br />

Dianne & David Anthony Tiberii B ’97<br />

Igor V. Tishin B ’01<br />

Jay Todd Trenary B ’94<br />

Douglas Morgan Trent B ’00<br />

Perry & William Cattell Trimble III T ’84 B ’87<br />

Serena W. Tse B ’99<br />

Dana Harden & William Elbert Tucker B ’92<br />

Jeremy Edwin Usher B ’00<br />

Christopher Thomas Vadnais B ’01<br />

Harriet & Philip Corby Van Hale B ’96<br />

Jane Dees G ’79 & Charles Donald Vogel L ’79 B ’79<br />

Kim & Henry C. Wagner III B ’66<br />

Michael K. Walsch B ’90<br />

Gordon Matthew Walsh B ’02<br />

Susan Sherry & Richard John Watson B ’80<br />

John Martin B ’98 & Debra Pujol Watt<br />

Edward Morris Weaver B ’02<br />

Kirk Hazlip Weichsel B ’89<br />

Frances C. & Peter J. Weldon B ’74<br />

Lisa Kim Weseley T ’96 B ’01<br />

Pamela Kaye Silverman L ’81 & Mark Whittaker Whalen B ’80<br />

Jason Stanford White B ’01<br />

Heidi Lynn Whitfield B ’00<br />

Jonathan B. Wigser B ’94<br />

Gary L. Wilson T ’62<br />

Richard Wilz B ’00<br />

Tracy Bermont T ’93 & Alan Michael Wise T ’94 B ’98<br />

Christopher Vincent Wolfington B ’96<br />

Victoria C. T ’88 & Scott Edwin Wolle B ’98<br />

Robert George Wong B ’89<br />

Jeffrey Thomas Wood B ’88<br />

Valerie Fisher Wooley B ’01<br />

Carolyn Marie Gray Wright & Gordon Charles Wright B ’85<br />

Elizabeth Ann Yaeckel B ’99<br />

Young M. Yang B ’97<br />

Thomas Ambrose York B ’01<br />

Hilda Jimenez & Eduardo Antonio Zablah B ’81<br />

Danika Quan & John Patrick Ziegler B ’91<br />

Carol & John C. Zinser B ’97<br />

ISLE MALIGNE DONORS<br />

FALL <strong>2003</strong> 39


STUDENT & ALUMNI CITY CONTACTS<br />

40 FUQUA EXCHANGE<br />

ATLANTA<br />

ANDREA CHAN ’98<br />

Andrea.chan@alumni.duke.edu<br />

SUSAN STOTTLEMEYER<br />

404.936.0947<br />

Susan@uniqueparties.com<br />

BRIAN BERKLICH ’04<br />

Brian.berklich@duke.edu<br />

BOSTON<br />

SARAH HELM ’01<br />

617.859.8508<br />

sarah.helm@alumni.duke.edu<br />

MARK TEDFORD ’95<br />

508.647.1904<br />

mark.tedford@alumni.duke.edu<br />

ADAM WILLIAMS ’04<br />

adam.williams@duke.edu<br />

CHARLOTTE<br />

KENNETH BURTON JR. ’98<br />

704.388.7125<br />

kenneth.b.burton@bank<strong>of</strong>america.com<br />

JARED LAWRENCE ’02<br />

jared.lawrence@alumni.duke.edu<br />

KATHY SCHEESSELE ’95<br />

704.553.0000<br />

kscheessele@mbdi.com<br />

GREG COY ’04<br />

greg.coy@duke.edu<br />

CHICAGO<br />

SACHA ADAM ’00<br />

sacha.adam@alumni.duke.edu<br />

SANDI HWANG ADAM ’99<br />

312.782.6240<br />

sandi@mavencosmetics.com<br />

AMY FIELEK ’00<br />

312.255.1737<br />

afielek@hotmail.com<br />

DALLAS<br />

TIM CASEY ’01<br />

tcasey@starbucks.com<br />

RACHEL FEFER ’02<br />

rachel.fefer@alumni.duke.edu<br />

RICK MARTINEZ ’95<br />

817.777.7254<br />

ricardo.martinez@alumni.duke.edu<br />

CARLA ARRUDA ’04<br />

carla.arruda@duke.edu<br />

DENVER<br />

BALLARD PRITCHETT ’92<br />

303.722.1792<br />

bpritchett@marketleadership.com<br />

DETROIT<br />

SCOTT A. KRISCOVICH ’94<br />

616.459.9500<br />

skriscovich@kaufmanpeters.com<br />

LINDA M. RETFORD ’94<br />

248.737.3228<br />

lretford@morpace.com<br />

HOUSTON<br />

JEFF OTCHIS ’99<br />

281.518.6901<br />

jeff.otchis@compaq.com<br />

NEW YORK<br />

GILLIAN BEGELMAN ’96<br />

212.787.3928<br />

gillian.begelman@us.cgeyc.com<br />

AMY HONIGFELD ’98<br />

212.358.8569<br />

alhonigfeld@aol.com<br />

CAMERON ARRINGTON ’04<br />

cameron.arrington@duke.edu<br />

NORTHERN CALIFORNIA<br />

KARIN LITTLE ’00<br />

415.235.4515<br />

karin.little@yahoo.com<br />

JAMIE VOGEL ’99<br />

415.283.3707<br />

jvogel@gnx.com<br />

SARAH WILLIAMS ’00<br />

415.732.8052<br />

williams.sarah@bcg.com<br />

NOELLE CAMPBELL ’04<br />

noelle.campbell@duke.edu<br />

SEATTLE<br />

AARON LAVIN ’01<br />

aalavin@micros<strong>of</strong>t.com<br />

MICHAEL MOTT ’95<br />

Mmott@micros<strong>of</strong>t.com<br />

ALEX FAYNE ’04<br />

alex.fayne@duke.edu<br />

SOUTHERN CALIFORNIA<br />

PAUL J. ANDERSON ’96<br />

626.744.0500<br />

PAUL.ANDERSON@ALUMNI.DUKE.EDU<br />

NANCY SPEARS ’97<br />

310.393.9903<br />

ndspears@earthlink.net<br />

KATHY NG ’04<br />

Kathy.ng@duke.edu<br />

SOUTHERN FLORIDA<br />

LORI BISHOP ’98<br />

305.365.8462<br />

lbishop37@aol.com<br />

ROBERT PALACIOS ’94<br />

305.803.8665<br />

rpalacios@regency-commercial.com<br />

CARLOS RODRIGUEZ ’85<br />

305.500.9000<br />

TRIANGLE<br />

MIKE T. SHECKLER ’92<br />

mpsheckler@juno.com<br />

RITA GEIGER ’00<br />

919.573.6132<br />

rgeiger@infostrength.com<br />

KRISTEN AMES ’02<br />

Kwa3@duke.edu<br />

DAVE JORGENSON ’04<br />

David.jorgenson@duke.edu<br />

WASHINGTON, D.C.<br />

HEATHER BANNISTER ’99<br />

703.812.8989<br />

heather.bannister@alumni.duke.edu<br />

JIMMIE NORCROSS ’96<br />

703.836.5752<br />

jnorcross@ventera.com<br />

LEI LI ’04<br />

Lei.li@duke.edu<br />

INTERNATIONAL CONTACTS<br />

BANGALORE, INDIA<br />

SANJITH S. SHETTY ’95<br />

sanjith@bplnet.com<br />

BANGKOK, THAILAND<br />

WILIRUT (TOU) KIATTICHUANCHAI ’00<br />

662.8900112<br />

tou@alumni.duke.edu<br />

ISIRIYA (TEE) BUSCARACAMWONGS<br />

Isirya.buscaracamwongs@alumni.duke.edu<br />

FRANKFURT, GERMANY<br />

FELIX B. MUELLER ’99<br />

49.69.154 008.712<br />

Felix.Mueller@hfb.de<br />

IBERIA (SPAIN & PORTUGAL)<br />

SANDY CHEN ’97<br />

34.667.871.104<br />

sandy.chen@alumni.duke.edu<br />

ANGEL GAVIEIRO ’02<br />

34.91.346.5898<br />

angel.gavieiro@alumni.duke.edu<br />

LONDON, ENGLAND<br />

CONSTANTINE ZEPOS ’93<br />

czepos@alumni.duke.edu<br />

MOSCOW, RUSSIA<br />

AIKA JAXYBAI ’98<br />

AIKA.JAXY@MTU-NET.RU<br />

MUMBAI, INDIA<br />

JAVED F. TAPIA ’91<br />

91.22.2652341/2656239<br />

javed@vsnl.com<br />

PARIS, FRANCE<br />

HUGUES JANNET ’98<br />

33.1.45.72.90.26<br />

h.jannet@relaischateaux.com<br />

SEOUL, REPUBLIC OF KOREA<br />

CHULHO CHANG ’91<br />

chchang@siw.co.kr<br />

SÃO PAULO, BRAZIL<br />

LUIZ ABREU ’01<br />

55.21.2294.5672<br />

lzabreu@uol.com.br<br />

MARCELO ROSENBURG ’02<br />

55.11.5181.6002<br />

marcelorosenburg@hotmail.com<br />

CLAUDIO LUBE DE MENEZES ’02<br />

55.21.2285.4512<br />

claudio.lube@braskem.com.br<br />

SOUTH AMERICA<br />

CARLA ARRUDA ’04<br />

Carlar.arruda@duke.edu<br />

SWITZERLAND<br />

MARTIN BRENNER ’03<br />

Martin-za.Brenner@ubs.com<br />

TOKYO, JAPAN<br />

SHINJIRO SATO ’88<br />

shinjiro.sato@jp.andersen.com


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Box 90118<br />

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