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FOR THE WEEKS OF JANUARY 26 and FEBRUARY 2
PROF. JAMES FLECK NAMED TO THE ORDER OF CANADA James D. Fleck, the M. Wallace McCutcheon professor of business-government relations, has been named to the Order of Canada. Prof. Fleck will become an officer in the order, which is the second rank in the three-tier honours system. The Order of Canada pays tribute to Canadians who exemplify the highest qualities of citizenship and whose contributions enrich the life of others. The appointment was announced on Jan. 22. Prof. Fleck has a distinguished career that spans the private sector, government, and academia. He joined the School of Management in 1979 and has also taught at the Harvard Business School and the Kennedy School of Government at Harvard, at Insead in France, and at Kelo University in Japan. In business, he is the founder and former chairman, CEO and president of Fleck Manufacturing Company, which he built into a successful multinational manufacturer. He has served on many corporate boards, including Rogers Broadcasting, Noma Industries, and Zurich Canada. For the Government of Ontario during the 1970's, he served as the Deputy Minister of Industry, Secretary of the Cabinet, and Chief Executive Officer in the Office of the Premier. He was founding chairman of the Power Plant Contemporary Art Gallery at Harbourfront Centre. Prof. Fleck received a Bachelor of Arts degree from the University of Western Ontario in 1949 and his Doctorate in Business Administration from Harvard University in 1964. Prof. Fleck and his wife, the Rev. Margaret E. Fleck, are among the major donors to the Rotman Centre. The Fleck Atrium is named in their honour.
CHANGE PROGRAM PROVES TO BE A SMASHING SUCCESS The newest offering of the Rotman School Executive Programs, Managing Strategic Change, has been an extraordinary success, says Prof. Dan Ondrack, interim director of the Rotman Executive Programs. The second offering of the program was oversold due to high demand, as was the first offering last fall. Arrangements were made to accommodate all of the unexpected extra participants. ³This demand appears to be a reflection of the high priority for successful change management in todayıs organizations and the high quality of our program,² says Ondrack who is also the director of the Managing Strategic Change course. The innovative program for executives blends four classroom sessions with applied field projects over a seven-month period. Ondrack also reports that he will be travelling to Hong Kong Feb. 21-27 to complete arrangements for the launch of the U of T - McGill Executive Programs alliance. The strategic alliance in Hong Kong will be officially launched in March and programs will be offered beginning in May. Alliance programs in Canada will be offered in Toronto, Montreal and Ottawa.
TSE RESPECTS ACADEMIC FREEDOM AT THE U OF T, DEAN SAYS The gifts by the Toronto Stock Exchange to the U of T do not interfere with the principle of academic freedom and independence cherished by the University, says Dean Paul Halpern. The TSE gift of $2.7 million will create a Capital Markets Institute and fund two endowed chairs, one at the Rotman School and the other at the Faculty of Law. "The Exchange absolutely respects the principle of academic freedom and has no interest in encroaching on the independent management and direction of the Institute"writes Halpern in a memo to the Rotman School community in response to an article in the Jan. 16 edition of the Globe and Mail. The article quoted the President of the Exchange, Rowland Fleming, as saying that the Exchange would have a small role to play in determining who would work in the Institute. For a copy of the memo, please contact Kathryn Davis in the Deanıs office at 978-4161.
MBA CLUBS TO HOLD CASE COMPETITION The MBA Global Business Association and the MBA Consulting Club will be holding a case competition for first year MBA students on Friday, Feb. 6. Twelve teams of students, each with a second-year MBA student as mentor, will be given a case to study on Wednesday, Feb. 4. The teams will present to a panel of faculty and alumni on Friday morning. Three teams will advance to the final round on Friday afternoon and will be judged by industry consultants. For further information contact Marcelo Morales, MBA'98, on Embanet.
SECOND PLACE SHOWING AT MBA GAMES A team of first and second year MBA students represented the U of T at the MBA Games at Laval University Jan. 8-11. Congratulations to Tomi Poutanen, MBA'99, and Waleed Qirbi, MBA'99, who placed second in the Stentor case competition.
MBA BUSINESS CONFERENCE ANNOUNCED The U of T 1998 MBA Business Conference will be held on Friday, Mar. 6 at the Design Exchange in downtown Toronto. The conference's theme will be "Competing in the Global Market: A Canadian Perspective." The discussion will focus on how Canada's present and future business leaders can make or have made the most of business opportunities around the world. The following speakers have been confirmed to date:
Julia Gluck, director, Johnston Smith International, has also been confirmed as master of ceremonies The event is entirely organized by MBA students and has typically attracted a mixture of MBA students and business leaders. For more information, please contact Youmna Abdou, MBA'98, or Natasha Samuels, MBA'98, at 978-6733.
ROTMAN ALUMNI ASSOCIATION SPEAKER SERIES BEGINS The Rotman School of Management Alumni Association is sponsoring a series of three speakers to keep its members updated on current trends in business. The first event takes place on Tuesday, Jan. 27, featuring John Bulloch, MBA'64, chairman and founder, Canadian Federation of Independent Business. Bulloch will be introducing vuSME, the Virtual University for Small & Medium Size Enterprises, which has been established by a partnership of educational institutions and small business organizations. Tom Vassos, IBM Internet strategies manager, will continue the internet theme on Feb. 17. Vassos, an internationally known expert on the internet, will discuss the strategic implications of the web. Peter Pauly, professor of economics & business economics, will wrap up the series on Apr. 29 with a presentation on Canada and the global economy. Each event begins at 6 pm with a buffet followed by the speaker at 7 pm. Tickets for each event are $25; all three can be purchased for $65. There is a special student rate of $15 for each event, or $40 for all three. For more information, please call 978-0240.
CAPITAL MARKETS WORKSHOPS CONTINUE THROUGH WINTER TERM The Capital Markets Workshops are continuing throughout the winter term with guest lecturers from universities in Europe and North America. On Jan. 19 Susan Christoffersen of the Wharton School at the University of Pennsylvania spoke on "Fee Waivers in Money Market Mutual Funds." Karin Thorburn of the Stockholm School Of Economics was featured on Jan. 22 speaking on "Cash Auction Bankruptcy: Costs, Recovery Rates and Auction Premiums. "Jason Wei of the University of Saskatchewan spoke on, "Deposit Insurance and Forbearance Under Moral Hazard Behaviour," on Jan. 23. Check the Upcoming Events section for details on future Capital Markets Workshops.
BUSINESS INFORMATION CENTRE OFF-LIMITS AFTER HOURS After hours trespassing has become a problem in the Business Information Centre, reported Dean Halpern in a Jan.14 memo to U of T Police Services. While authorized after hour users of the Rotman Centre carry access key cards, these cards do not permit the user to be in the BIC when it is not officially open. In the memo Halpern expresses his "support for any law enforcement necessary including apprehending and charging individuals who are found in the facility or restricted areas after hours." If you have questions regarding the authorized use of the building, please contact the Dean or Gabriella Kampouris, manager, building operations & services at 978-5961
LISA HAMANN MEMORIAL AWARD FOR MBA STUDENTS ANNOUNCED The Lisa Hamann Memorial Award is available annually to a female student enrolled in the first year of an MBA program. Applicants must demonstrate leadership ability, commitment to a holistic and healthy lifestyle, involved in extracurricular activities within the university or community, have good academic standing and demonstrate interest in international studies. The award is worth approximately $1,000. Application packages can be picked in RC 202 from Margaret Bauer. The deadline is Feb. 23.
MBA CONVOCATION DATE ANNOUNCED If you are a MBA student who is eligible to graduate this year mark down Jun. 11 on your calendar. The registrarıs office reports that the MBA Convocation will be held on that day at 10 am. The location will be announced later this year.
NEWSMAKERS Lawrence Booth, professor of finance, gave numerous interviews to the media on Jan. 23 regarding the proposed merger between the Royal Bank and Bank of Montreal including an appearance on CBC Radioıs "This Morning." Prof. Peter Pauly was featured in the Jan. 5 "Smart Money" column in the Toronto Star. Pauly commented that moving Canada to a fixed exchange rate is not the solution to countering the decline in the Canadian dollar. ³Volatile money supplies may, in the end, be more disadvantageous than the current volatility in the exchange rate,² the column quoted Pauly as saying.
FACULTY NEWS Jack Minz, Arthur Andersen professor of taxation, who is on research leave, has been invited as a Visiting Scholar to the International Monetary Fund, Washington, D.C., from Jan. 26 to Feb. 20. Mintz will be working on a research project related the corporate tax competition under the formula apportionment rules and armıs length pricing standards.
STAFF CHANGES Kapil Tayl was appointed to the position of financial officer on a full time basis effective Dec. 19. He had been working on a temporary basis in the same position since Jan. 1997.
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