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ROTMAN READER FOR THE WEEKS OF APRIL 13 AND 20
CANADIAN BUSINESS PROFILES ROTMAN MBA IN COVER STORY The MBA Class of 1998 has produced its first celebrity: Peter Bormann, LLB/MBA'98, who is profiled in a cover story in the April 24 issue of Canadian Business magazine. The article, "From Zero to Six Figures; How Much Is a New University Graduate Worth? Try $200,000," detailed Bormannıs recruitment by several of the top investment banks on Wall Street last fall and winter. After a lengthy process that included offers from CIBC Wood Gundy, Bankers Trust New York and Bear Stearns, Bormann accepted an offer from Bankers Trust Canada. The offer totaled $190,000, including base salary, signing bonus, performance bonus and flextime. "As astounding as Bormannıs paycheque may seem, three of his classmates ended up with identical packages from Bankers Trust," the article noted. The article also pointed out that Bankers Trust chose only one Canadian business school for recruiting: the Rotman School. Glen Whyte, executive director of the MBA program, and Jane Flynn, director of the MBA Career Management Centre, were quoted in the story. "The article reveals what the School has known all along; we have some of the best, brightest and most competitive MBAıs in North America," says Richard Kurovsky, assistant dean, marketing and communications. "The article acknowledges that the market has recognized the high quality of U of T MBA graduates and is willing to pay them top dollar."
NEW ACCOUNTING PROFESSOR HIRED The ongoing faculty recruitment campaign continues to succeed, reports Prof. Peter Pauly, associate dean, research and academic resources, with the hiring of Susan McCracken. She will join the Rotman School as an assistant professor of accounting, effective July 1, 1998. McCracken, a CA, is currently completing her Ph.D. at the University of Waterloo. Her research and teaching interests are in the area of auditing.
MBA PROGRAM EXECUTIVE ANNOUNCED BY DEAN HALPERN A new MBA Program Executive has been formed to manage the full-time and part-time MBA programs, according to Dean Paul Halpern. The Executive will replace Glen Whyte, associate professor of organizational behaviour, who reaches the end of his term as executive director of the MBA program in June. The Executive will be composed of Mike Jalland, associate professor of strategic management; Harvey Kolodny, professor of organizational behaviour; Catherine Lewis, associate director and registrar; Becky Reuber, associate professor of strategic management; and Anthony Wensley, associate professor of accounting. Hugh Gunz, associate professor of organizational behaviour and associate dean, programs, will chair the Executive. Prof. Kolodny will oversee the part-time MBA program and Lewis will keep her current responsibilities as associate director and registrar. Other Executive members will be assigned specific responsibilities shortly. The Executive will lead the design and implementation of changes and improvements that are being planned for the MBA programs. In an E-mail message to the Rotman community, Dean Halpern thanked Prof. Whyte for his service to the School. "During his tenure, the MBA program made significant strides in program delivery and services to students. The quality of students admitted to the program has continued to rise, placing the school in the first rank within North America," wrote Halpern. "These significant achievements position the Rotman School to move into a new era of deregulated programs."
MBA STUDENT SERVICES DESK OPEN FOR THE SUMMER TERM The new MBA Student Services Desk will commence operation on Monday, May 4, which is the start of the summer term. The new Student Services Representative will assist students with:
The reception desk on the first floor will continue to provide MBA program information to prospective applicants, building key cards, general room bookings and study room bookings. New bulletin boards have been installed for student convenience. Grades will be posted on the second floor of the Rotman School across from the Enterprise and Impact Consulting offices. Information about scholarships and awards will be posted on a special MBA program board near Room 142.
EDITORIAL STAFF FOR MBA ON-LINE NEWSPAPER ANNOUNCED The new editorial executive of the MBA on-line newspaper was announced on April 7 in a message on Embanet from Roman Masley, the new editor-in-chief. Michael Kleinburg was named managing editor and Tomi Poutanen is the technical editor. The new editorial staff promises to ensure that the MBA virtual newspaper is an ambassador to the U of T MBA program and presents the voice of the students and faculty in a fair and realistic manner. The new editorial team invites all faculty and full-time, part-time and EMBA students to contribute to the paper. The paper can be found at www.rotman.utoronto.ca/mbapaper.
ROTMAN PROFESSORS AWARDED SSHRC GRANTS Several faculty at the Rotman School have been successful with applications for grants from the Social Sciences and Humanities Research Council of Canada, reports Prof. Peter Pauly, associate dean, research and academic resources. In the 1997-1998 competition, multi-year SSHRC grants have been awarded to four faculty members. Raymond Kan, assistant professor of finance, was awarded a grant for his work on "Evaluation of Asset Pricing Models." Gary Latham, Secretary of State professor of organizational effectiveness, will be researching "Gaining Trainee Commitment to the Transfer of Training Through Goal Setting." Alexandra MacKay, assistant professor of finance, will study "Arbitrage Pricing of Fixed Income Securities in Incomplete Markets." Andrew Mitchell, professor of marketing, received a grant to research "Judgement and Choice Under Very Low Involvement Conditions." Faculty members at the Division of Management and Economics at the University of Toronto at Scarborough have also been successful in the 1997-98 SSHRC and NSERC competitions, reports Prof. Sandy Borins, chair of the division. A three-year SSHRC grant was received by Fred Feinberg, assistant professor of marketing, to examine hysteresis in dynamic, oligopolistic marketing models. Sharmistha Law, assistant professor of management, was awarded a three-year SSHRC grant to study the impact of age-related loss of source memory on susceptibility to misleading advertising. A four-year NSERC grant was received by Oded Berman, professor of operations management.
THANKS TO COMMUNITY SERVICE WEEK VOLUNTEERS Community Service Week was a great success due to the efforts of volunteers and MBA students, according to Laura Drabik of the MBA Community Service Group. Over $400 was donated to the Daily Bread Food Bank in addition to the donation of food and volunteer food sorters. A generous donation of clothing was also made to The Salvation Army. Drabik thanks all the volunteers who participated and shared our belief that "You make a living by what you get, you make a life by what you give." As part of Community Services Week, Joan Kitunen, senior tutor in accounting, organized a free tax clinic on March 3 and 4. Fourth-year Commerce students assisted seniors in the community with the preparation of their 1997 tax returns. Response from both students and seniors was positive. The Commerce Program plans to make the tax clinic an annual event.
COMMERCE GRADITUDE CAMPAIGN UPDATE This yearıs Graditude campaign in the Commerce Program was a success. As a result of the combined donations of the Class of 9T8, 9T7, and 9T6, a printer will be purchased for the Commerce computer lab. Special thanks to the co-chairs of the campaign, Stephanie Fedorkiw, Olivia Kao, and Naoimh Qassim, for all their efforts to ensure the success of the campaign.
CRESSY STUDENT LEADERSHIP AWARD WON BY COMMERCE STUDENT Jennifer Lee, who is graduating this June from the Commerce Program, received an U of T Gordon Cressy Award for her many contributions to the University, including her work on the Commerce Students Association, U of T Day, Arts and Science Options and high school recruiting.
FACULTY NEWS Joel Baum, associate professor of strategic management, presented a paper, co-authored with Brian Silverman, assistant professor of strategic management, "Alliance-and Patent-Based Competition in the Canadian Biotechnology Industry," at seminars at GSB, University of Chicago, KGSM, Northwestern University, and GSIA, Carnegie Mellon University. Profs. Baum and Silverman will receive best paper and honourable mention paper awards, respectively, from the Organization Theory Division of ASAC this June. Richard Leblanc, associate director of the Clarkson Centre for Business Ethics and instructor in the new MBA course, "Boards of Directors: Governance Principles for Private, Public & Not-For-Profit Corporations," was recently awarded first place honours for teaching excellence at York University. The award is to be accompanied by a prize of $10,000. Hugh Gunz, associate professor organizational behaviour, presented a paper, "Boundaries in a Boundarylessı World," to a conference of invited participants sponsored by the Centre for Organizational Research at London Business School at the end of March. The paper was co-authored by Martin Evans, professor of organizational behaviour, and Mike Jalland, associate professor of strategic management. The conference was called "Career Realities." Prof. Gunz also coordinated a recent weekend meeting at the Rotman School on "Managing the Complex," which explored complexity science and its contribution to understanding organizations and management. The conference, sponsored by the New England Complex Systems Institute and the Rotman School, attracted approximately 80 participants from Europe and North America. Kai Lamertz, a Ph.D. candidate, has accepted a tenure-track position in organizational behaviour at Concordia University in Montreal. Lamertz starts his new job in September and joins fellow Rotman School graduate Sharon Leiba, '97, on the Concordia faculty.
NEWSMAKERS A technical committee on business taxation appointed by Minister of Finance Paul Martin and chaired by Jack Mintz, Arthur Andersen Professor of Taxation, presented its report to the Minister on April 6. The Mintz Report received widespread national and international media coverage. Several media outlets including the Financial Post, Toronto Star, Globe and Mail, Southam News, Financial Times of London, and numerous radio stations across the country interviewed Prof. Mintz. It is expected interest in the report will continue when the House of Commons returns to work next week after a spring recess. The report recommends that federal and provincial governments cut corporate tax rates to be more competitive with the U.S. Copies of the report are available on-line at www.fin.gc.ca/taxstudy/brie_e.html. A recent article on business ethics by Max Clarkson, professor emeritus of management, in TriAngle, a newsletter at Trinity College, has attracted favourable attention. Prof. Clarkson writes, ³Business ethics is about the strategic management of ethical and trustworthy corporations; it is about the management of conflicts of interests; and it is about the management of risk, so that wealth is increased for society without increasing the risks to which people or the environment may be exposed, unknowingly or unwillingly.² A study co-authored by Donald Brean, associate professor of finance and business economics, was the subject of an opinion piece in the April 4 edition of the Financial Post. The study, ³Technology, Taxation and Canadaıs Competitiveness: Policies for the New Global Economy², published by the Institute for Research on Public Policy, argues for shifting the emphasis from the supply of domestic research and development to the demand for technology, regardless of its origin.
STAFF CHANGES Sean Forbes has been appointed manager of the Business Information Centre. He brings extensive professional library experience, in particular in the areas of electronic library applications and fee-based services. Previously he was head of the Information Centre at Arthur Andersen & Co. Forbes will be joining the Rotman School effective May 4. During the period April 13 - May 1, Barbara Dance will serve as acting manager. Mirella Leone has been appointed program assistant in the Executive MBA Program. Leone will be responsible for class liaison, catering and facility management - including residence week, and study materials. For the past five years she has been a conference coordinator in the Conference Services Department of the university. She can be reached at 946-4038. Colleen Kerluk also joins the Executive MBA Program as an information assistant. She is responsible for coordinating all communication with applicants to the program. She will also manage the EMBA recruitment database, coordinate the information forums and assist in the production and distribution of all publications. Kerluk brings more than ten yearıs experience as an office manager, production coordinator and administrative assistant. During the past four years she has worked in the Faculty of Dentistry and the Career Centre. She can be reached at 978-6586. Audia Marin is the newest addition to the MBA Program Admissions team. She has been with the University for 12 years, most recently in a similar graduate admissions function with the Department of Speech Pathology. Lila Janakievski has been appointed program assistant with Executive Development Programs. She has an extensive background in customer service in the private sector. In her new role, Janakievski will provide delivery support for the customized and partnership programs. Christy Briggs-Peters has joined the MBA Career Management Centre. Briggs-Peters comes to the Rotman School from Oxford Development and brings a wonderful set of service skills.
UPCOMING EVENTS
Friday, April 17 2 - 3:30 pm Capital Markets Workshop "An Empirical Model of a Pure Limit Order Market," with Prof. Burton Holliefield, University of British Columbia. RC 151.
Tuesday, April 21 4 - 6 pm CENTRE FOR INTERNATIONAL BUSINESS ROUNDTABLE "Prospects for the World Economy," with Thomas Bernes, executive director, International Monetary Fund. CIBC Room. For more information or to register, please call 978-2451.
Saturday, April 25 MBA Spring Formal Imperial Room, Royal York Hotel, Toronto.
Wednesday, April 29 6 pm Rotman School of Management Alumni Association Speakers Series
"Canada and the Global Economy," with Prof. Peter Pauly. Tickets are $25
or $15 for students. For information, please call 978-0240.
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