FOR THE WEEKS OF NOVEMBER 9 AND 16, 1998           Open House at Rotman School to Introduce Dean's New vision     The Rotman School community, including all students, is invited to take part in an open house to share in Dean Roger Martin's new vision for the School and the unveiling of the new graphic identity. The celebration will be held on Thursday, Dec. 3 from 4:30 - 6:30 pm in the Fleck Atrium featuring refreshments, entertainment and a few surprises! Faculty and staff are asked to RSVP to 978-0240.           Newcourt Gives $1.5 Million to Rotman School     Newcourt has donated $1.5 million to the Rotman School of Management to establish a chair in Structured Finance. This new chair will make a significant contribution to the training of MBA students studying leasing and other principles of structured finance for work in the financial services industry. It will also strengthen the Rotman School's leading research program in corporate finance. The chair will be named the Newcourt Chair in Structured Finance. The university will match Newcourt's gift to create a $3-million endowment fund to establish the chair in perpetuity. "Newcourt's generous gift moves the Rotman School closer to achieving our vision," says Roger Martin, dean of the Rotman School. "Newcourt's leadership demonstrates a significant commitment to business education in Canada, strengthening our country's competitive advantage by providing the very best to the next generation of Canadian business leaders."           Canadian Women Entrepreneurs Honoured     The 1998 Canadian Women Entrepreneur of the Year Awards were announced on Nov. 6 during a gala dinner at the Royal York Hotel. The awards are an annual initiative of the Rotman School. This unique program recognizes outstanding women entrepreneurs in six categories. Start Up Award - Andree Beaulieu-Green, president, ICARI Inc, Montreal, QC, a center for training designers in computer technology Quality Plus Award - Wendy Derrick and Joanne McLean, co-owners, Fern Hill School of Mississauga Inc., Oakville, ON, a private school offering small classes, subject specific teachers and quality programs Impact on Local Economy Award - Betty Thomas, president, Thomas Special Effects Ltd, Vancouver, BC, a company offering special effects services to the motion picture and television industry Turnaround Award - Molly Mak, president, Onward Computer Systems, Calgary, AB, a national provider of information systems International Competitiveness Award - Julia Levy, president, QLT PhotoTherapeutics Inc., Vancouver, BC, one of Canada's top biotechnology companies Lifetime Achievement Award - Marguerite Hale, chairman, Morrison Lamothe Inc., Ottawa, ON, a supplier of prepared frozen foods across North America The Awards are sponsored by Bank of Montreal, Canadian Airlines, Canadian Pacific Hotels, The National Post, Flare and WTN. The 1999 call for nominations will begin in March next year.           Roger Martin Meets Students, Alumni and Business Groups     Roger Martin continues his busy schedule as dean of the Rotman School. Recently he delivered a keynote lunch address on Canadian competitiveness at the Great Minds for Great Business Symposium on Oct. 23 to an audience of business and academic leaders. He met with students and alumni of the MBA/LLB program on Nov. 10, spoke to the management consulting association reception on Oct. 29, and addressed both classes of the EMBA program during a lunch on Oct. 9. He has also accepted an invitation to speak at the Premier's Conference on Jobs and Prosperity on Nov. 27. This annual one-day conference attracts 500 of Ontario's top business, academic and political leaders.           MBA Student Awards Announced     The winners of the MBA entrance awards have been announced by the Registrar's Office. Congratulations to all the award winners. Anderson Consulting Women in Management Amy Alfred Faculty of Management Alumni Association Fellowship Linhai Pu Dean's Alumni Scholarship Sabrina Leoni Dean's Alumni Scholarship Donna Shear Dean's Alumni Scholarship Tarek Saleh Dean's Alumni Scholarship Hassan Gangji Dean's Alumni Scholarship Patrick Chang Dean's Alumni Scholarship Paul Koreen J.A.D. Slemin Memorial Fellowship John Hovland J.A.D. Slemin Memorial Fellowship Tracy Hoskins Schulich Award for Entrepreneurship Tomi Poutanen U of T Canadian Credit Management Foundation Fellowship Shermain Tiley U of T Canadian Credit Management Foundation Fellowship Linda Ezergailis Lisa Sansom was awarded the Lisa Hamman Memorial Award, which was open to all 1st year female full and part-time MBA students.           The Spirit of Giving at the Rotman School is Alive     The annual campaign for the United Way at the Rotman School wraps up this month. Since the middle of October, special fundraising events including Casual Wednesdays, 50/50 draws and a pop luck luncheon have been held. The United Way of Greater Toronto works towards meeting urgent human needs and helps find solutions community problems. The organization funds a citywide network of agencies, which deliver social and health support services to the people who need them most. Special thanks to Rotman United Way Campaign Team of Kathryn Davis, Anna Hoy, Gabriela Kampouris and Jennifer Hwang for their efforts in making this campaign a success.           Thanksgiving Food Drive Succeeds     The MBA Thanksgiving Food Drive was a great success, reports Laura Drabik, MBA'99, president of the MBA Community Services Group. Three shopping carts of food along with almost $500 were raised for the Daily Bread Food Bank. The money raised was matched by the MBA Graduate Business Council. "Thanks to everyone who generously donated," says Drabik.           Trick or Treat for UNICEF     Six MBA students from the Community Services Club braved the early morning chill on Oct. 30 to collect money at Union Station for UNICEF Canada's Halloween campaign. Commuters had their hearts warmed (or scared) enough by the sight of the MBA's wearing giant UNICEF boxes to donate several hundred dollars in only two hours.           Computer System Upgrade     A major computer upgrade took place at the Rotman School during the first week of November. Approximately 100 workstations were replaced with new Dell Optiplex Pentium II systems or comparable MacIntosh G3 systems. The old systems will be returned at the end of the month to the leasing company. The systems come equipped with the most recent operating systems and software. If you like your new system, Larry Harrison, manager, information technology, reports that the U of T has a special program with Dell to permit faculty, staff and students to purchase home computers for a special price. "You can find out about it on Dell's U of T web site at http://www.dell.ca/premier. You need a username and password to enter the site," says Harrison. If you don't find what you want go to Dell's main web site 'www.dell.ca' and go to the 'Higher Education Store'".           PhD Students Elect New Representatives     On Oct. 2, the PhD Student Association held its annual elections and the following individuals have been elected. Long Chen, co-president Lynnette Purda, co-president Whitney Berta, academic appeals representative Stan Li, union representative Brenda McWilliams, GSU representative You-Ta Chuang, GSU representative Wulin Suo, computer representative Yi He, computer representative Doug Flint, health and safety committee and house committee representative           Institute for International Business Roundtable announced     The next Institute for International Business roundtable will feature a discussion on "Financial Services in Canada's Economic Future" with Dr. Fred Gorbet, executive secretary of the Task Force on the Future of the Financial Services Sector. The roundtable will be held on Wednesday, Dec.9. For more information regarding this event and other Institute for International Business events, please call 978-2451. Attendance is by invitation only.           Rotman Reader Fall Publishing Schedule     The Rotman Reader is back on a regular publishing schedule. There will be two more issues published before the end of the fall term. Submissions for the next issue are due by Wednesday, Nov. 26 and can be either sent to mcguffin@rotman.utoronto.ca or dropped of in the Rotman Reader mailbox in the mailroom. Please remember that the editors of the Rotman Reader reserve the right to edit all submissions.           Faculty News     Alexandra MacKay, assistant professor of finance, was presented this summer with the Harvey Rorke Award from the Finance Research Foundation of Canada for the best doctoral dissertation in an investment related topic. The dissertation was titled "Valuation Operations in Incomplete Markets." Becky Reuber, associate professor of strategic management, presented a paper on "Domestic Market Size, Competencies and the Internationalization of Small and Medium-Sized Enterprises" at the International Conference on Globalization and Emerging Businesses, held at McGill University in September. In October, Prof. Reuber was re-elected vice-president (programs) of the Canadian Council of Small Business and Entrepreneurship at the Council's annual conference in Halifax. She also presented a paper at the conference examining inter-industry differences in job creation by small Canadian business. Eric Kirzner, professor of finance, was re-elected as a public governor to the Toronto Futures Exchange for the 1998-99 term. Prof. Kirzner was also recently appointed to the board of Deutsche Bank Canada. Gary Latham, Secretary of State professor of organizational effectiveness, gave a presentation on the "Importance of Leadership in Creating High Performance Teams" to the Association of Professional Engineers, Geologists, and Geophysicists of the Northwest Territories in September. Sridhar Moorthy, Rotman Professor of Marketing, attended the Association for Consumer Research annual conference in Montreal on Oct.2. Scott Hawkins, associate professor of marketing, presented their joint work, "Advertising Repetition and Perceived Quality," at the conference. Yue Li, assistant professor of accounting, presented a paper, co-authored with Bruce McConomy, entitled "An Empirical Examination of Factors Affecting the Timing of Environmental Accounting Standard Adoption and the Impact on Corporate Valuation" at the 1998 JAAF (Journal of Accounting, Auditing and Finance) Conference in New Jersey on Sept. 11. Another paper, "Disclosure of Environmental Information by Canadian Manufacturing Companies: A Voluntary Disclosure Perspective," co-authored with Kate Bewley, was presented at the International Accounting Research Conference in Chicago on Oct. 2. Jason Wei, associate professor of finance, was presented the Toronto Society of Financial Analysts Research Award at the society's annual forecast meeting held in Toronto on Sept. 24. The award was for his research on the efficiency of the Toronto 35 index options market, co-authored with his former student, Craig Doidge. A research article by Prof. Wei, "Valuation of Discrete Barrier Options by Interpolations," was published in the Fall issue of the Journal of Derivatives. Sandford Borins, professor of strategic management, was conference rapporteur at the biennial conference of the Commonwealth Association for Public Administration and Management (CAPAM) in Kaula Lumpur, Malaysia, Sept. 6-9. He was also a member of the panel of judges for CAPAM's first International Innovations Awards. On Sept. 21, he chaired the panel of judges for the Amethyst Awards for excellence in the Ontario public service. Premier Mike Harris will present the awards in December Laurence Booth, professor of finance, was a featured speaker at the quadrennial joint meetings of the American Society of Appraisers and the Canadian Institute of Chartered Business Valuators in Montreal, Sept. 24 speaking on the "CAPM and equity risk premiums for privately held firms." He was also the invited lunchtime speaker at the Stern Stewart cost of capital executive program in Chicago, on Sept. 18 speaking on "Estimating the Market Risk Premium." Ed Safarian, professor emeritus of business economics, was a panelist and commentator at a conference on National Resources and Development: a Canadian-Latin American Dialogue, held in Lima, Peru on Sept. 3-4. He lectured at the Institute of National Economy in Moscow early in November. On Nov. 8, Prof. Safarian presented a paper on "Host Country Policies Towards Inward Direct Investment," at the annual meeting of the Academy of International Business in Vienna. Andrew Mitchell, Patricia Ellison Professor of Marketing, presented a paper entitled "The Effect of Brand and Attitude Accessibility on Memory-Based Choice" at the Association for Consumer Research Conference in Montreal on Oct. 2. Joel Baum, professor of strategic management, recently gave an invited talk at the Ivey School of Business titled "Alliance Networks and Startup Performance in Canadian Biotechnology" based on collaborative research with Tony Calabrese and Brian Silverman. He was also invited last month to present a paper at the Wharton School entitled "Chance, Imitative and Strategic Antecedents to Multimarket Contact," which he co-authored with Helaine Korn. Anil Verma, professor of industrial relations, was elected to the Executive Committee of the International Industrial Relations Association for a three-year term. This Geneva-based organization represents professionals and national associations of industrial relations from over 50 countries. John Hull, professor of finance, presented "Pricing and Hedging Derivatives" at the SIAM annual meeting in Toronto in July. During September he also presented "Key Issues in Credit Risk" at the International Association of Financial Engineers annual meeting in New York and "Enhancements to Value at Risk Calculation Methodologies" at the Fields Institute. Sharmistha Law, assistant professor of marketing, presented a talk entitled, "Source memory errors generate false beliefs: Implications for the elderly" at the Association for Consumer Research Conference in Montreal on Oct. 2. Basil Kalymon, professor of finance, led a seminar this semester at the Ivey School of Business on the "Cost of Capital."           Newsmakers     Roger Martin, dean, was interviewed by CBC Newsworld Business News on Oct.21 regarding CN's decision to lay-off 3,000 workers. The clip also appeared on other CBC news broadcasts. His presentation on Canadian competitiveness was featured in an Oct. 27 article in the Financial Times and he was also interviewed by the Dow Jones News Service. Martin was mentioned in a commentary by Jeffrey Simpson in the Nov. 5 edition of the Globe and Mail. With the recent turmoil on the world's stock markets, Prof. Eric Kirzner has given numerous interviews this fall. In addition to regular appearances in the Toronto Star and National Post, he has been interviewed by Global-TV, Maclean's, and CBC Radio. Prof. Laurence Booth was a guest commentator on TV Ontario's Studio 2 on Oct. 6 discussing the state of the global financial system and the role of currency controls, and was interviewed by CBC radio on Oct. 5 on the parallels of the current economic situation with the situation in 1929. He has also been widely quoted in the press recently on the current state of global capital markets. The on-going economic crisis in Asia has meant that Wendy Dobson, director, Institute for International Business, is in demand by the business media. This fall she has been interviewed by The Financial Post, Maclean's, Globe and Mail, Southam News, International Entrepreneur, TV Ontario's Studio 2, CBC News, and BBC. Scott Hawkins, associate professor of marketing, was interviewed by the Ottawa Citizen regarding humourous beer advertising in Canada. He was also interviewed by the Montreal Gazette regarding grassroots marketing techniques A conference on a tax-cutting strategy for Canada held at the Rotman School and co-sponsored by the Institute for International Business received coverage in the Montral Gazette on Nov. 4. The conference concluded that there is room for federal taxes to fall, even if the country falls into a recession.           Staff Changes     Jim Milway, an independent consultant, has joined the Rotman School as interim assistant dean, marketing and communications. He will fill this position while the process to replace Richard Kurovsky is carried out. Joanna Blanas has joined the Financial Services Office of the Rotman School as a financial assistant. She has been working at the School on a temporary basis since January and will be responsible for payroll/HRIS, purchasing and recoveries. Christine Szustaczek has joined the Rotman School's campaign staff as senior development associate/writer. She will be responsible for researching and developing new proposals.

. . . . . . . . . . . . . . . . . . . .