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Rotman School Develops a New Model of Business Education
International Students Flock to GEMBA Program
Rotman Alum to Speak at E-biz Forum
New Students Arrive at Rotman
MBA Going Wireless
Nine More Great Minds Join Rotman School
"More and more top academic talent is being drawn to Canada and the Rotman School to help build one of the top ten business schools in the world," says Professor Peter Pauly, associate dean, research and academic resources. "As we reinvent business education by developing the world's first integrative business school curriculum, these new recruits will bring fresh perspectives to our faculty complement at one of the most exciting times in our history."
Jin-Chuan Duan joins Rotman as the Manulife Financial Chair in Financial Services and Professor of Finance. Previously, he was professor of finance and Senior Wei Lun Fellow at the Hong Kong University of Science & Technology. His research and teaching interests include derivative securities, and banking.
Jeffrey Callen joins the School as the Rotman Chair in Accounting having spent the last year in the same position as a visiting professor. He received his PhD in 1976 and his MBA in 1971 from the University of Toronto. Most recently, he was professor of accounting at the Stern School of Business, New York University.
Oded Berman, professor of operations management, has joined the Rotman School on a full-time basis. Previously, Prof. Berman was cross-appointed to the School from his primary appointment at the University of Toronto at Scarborough. He has also served as Associate Dean, Programs at the Rotman School. Prof. Berman received his PhD in 1978 from MIT. Other appointments include:
Igor Averbakh is an associate professor of management at the University of Toronto at Scarborough and is also cross-appointed to the Rotman School. He received his PhD from the Moscow Institute of Physics and Technology.
Walid Hejazi, a PhD graduate of the University of Toronto, joins the University of Toronto at Scarborough as an assistant professor of economics. He is cross-appointed to the Rotman School.
Maria Rotundo holds a PhD from the University of Minnesota. She joins the Rotman School as an assistant professor of organizational behaviour. Her research is centered around human resources and industrial relations issues.
Dan Segal is an assistant professor of accounting. He joins the Rotman School from the Stern School of Business where he is completing his PhD in Accounting.
Ian W. Skurnik holds a PhD from Princeton and joins the Rotman School as an assistant professor of marketing.
Ping Zhang joins the Rotman School as an associate professor of accounting. Previously, he was an associate professor of accounting at the University of Waterloo and an assistant professor of business at Wilfrid Laurier University. His teaching and research interests are in the areas of financial accounting, managerial accounting and auditing.
Rotman MBAs Take Manhattan
Meanwhile back at Rotman, a record number of firms are recruiting. There is at least one MBA recruiting event scheduled for every weekday in September, with firms including A.T. Kearney, Monitor Company, Goldman Sachs and J.P. Morgan.
Two New Streams for PhD Program
New Accounting Diploma Launched
Professor Fleck To Be Honoured
1st Annual Rotman Golf Day Was a Hole-in-One
Rotman Joins Newswire
"As the Rotman School continues to grow, we will be able to deliver our exciting news to an American audience quickly and efficiently," says Ken McGuffin, media relations officer. "We plan to use the service to highlight research by faculty, campaign announcements and program developments."
Tax Program Hosts Scholars
New Gifts Support Students
E-L Financial Corporation has made a gift of $50,000, matched by the University to create a $100,000 endowed MBA Scholarship in Investment Management. The Scholarship will bear the name of Helen J. Rotenberg, who is retiring from the firm after 15 years of service. The scholarship is specifically geared towards students who plan to pursue a career in the investment management of equity portfolios. "Because approximately 50 per cent of our graduates pursue careers in the finance field, scholarships such as this one have an important impact on our ability to attract the very best students," says Prof. Peter Pauly, Rotman's associate dean of research and academic resources.
"This is a wonderful way for E-L Financial to celebrate the contribution of one of its finest leaders. Through this scholarship, Helen's legacy of excellence will continue to inspire students for generations to come at U of T," says the Hon. Henry N.R. Jackman, chair and president of E-L Financial Corporation, and U of T Chancellor.
John McFarlane, MBA'75, President of the Network Service Provider Division at Sun Microsystems in Palo Alto, CA, recently confirmed a gift of $26,000 US from the company to the University. This gift has created graduate fellowships in support of students at Rotman, the Faculty of Applied Science and Engineering, and the Faculty of Arts and Science's Computer Science Department. This year's recipient from Rotman is Eytan Lasry, a PhD student in Strategic Management whose research interests lie at the intersection of technology, strategy, and organization. Lasry will hold the fellowship for one year, and will receive CDN $12,500, a mentor assignment by Sun Microsytems, and an internship opportunity at the company.
John H. Watson, MBA'67, made a recent gift of $25,000, which has also been matched by the U of T. This gift has been added to his existing award at the Rotman School, which now has a combined endowment of $275,000. Watson established the award in honour of his father, an individual who had a tremendously positive impact on his life and who instilled in him a great belief in the value of education in general and long-term investing in particular.
The Gordon M. Watson Entrance Scholarship is given annually to a student entering the MBA program who has successfully completed the Canadian Securities Course and has previous work experience in the fields of finance, investment banking or securities analysis.
Len Brooks Receives Ethics in Action Award
Professor Len Brooks was honoured as one of three Ontario recipients of the Ethics in Action Awards 2000. The announcement was made at a special awards ceremony June 22 at the Royal Ontario Museum, with more than 325 business and community leaders in attendance.
Ethics in Action Awards recognize leadership in corporate social responsibility. Prof. Brooks was the award recipient in the Ongoing Social Responsibility - Individual category. A media release announcing the winners said of Brooks: "Considered a pioneer and champion in the area of socially responsible investing and management in Canada, (he) has conceived some of the country's most important methods of measuring corporate performance and professional standards, shown how to implement ethical practice and confidentiality consultation procedures, and has created systems to enable stakeholders inside and outside a company to evaluate its treatment of society and the environment."
Larry Hebb, who is a Rotman Executive-in-Residence and just-Past President of the Canadian Centre for Ethics & Corporate Policy, was also nominated and was a finalist for the Award.
Faculty News
Many other Rotman professors and PhD students participated in the Academy of Management's (AOM) annual conference held in August in Toronto including Professors Becky Reuber, Joel Baum, Kristina Dahlin, Terry Amburgey and Mihnea Moldoveanu and PhD students Rodrigo Madriz, Dean Hennessy and You-Ta Chuang.The Clarkson Centre for Business Ethics, along with the Laidlaw Foundation, hosted themain session for the Social Issues in Management at the AOM conference. The session entitled, "Corporate Accountibility Comes of Age: Social Auditing and Reporting in the 21st Century" examined changes in corporate accountability from a focus on financial results alone, to one that increasingly considers a broader list of stakeholders and social and ethical performance. Presentations from the session from be viewed at www.rotman.utoronto.ca/~stake/AOM2000.htm.
Martin Evans, professor of organizational behaviour, was appointed co-editor of M@na@gement. This is an electronic journal whose purpose is to represent the wealth and the diversity of management research at an international level. M@n@gement offers to authors and readers a place to express and exchange ideas on management research, strategy, and organizational theory. The magazine can be viewed at www.dmsp.dauphine.ft/management.
Prof. Evans also presented a poster entitled, "Implications of the asymmetry of g for predictive validity," at the American Psychological Association Conference on Models of Intelligence for the New Millenium. Yale University, June, 2000.
Finance professors John Hull and Alan White recently completed two papers on Credit Default Swaps and one on the Calibration of Interest Rate Models. They can be viewed at www.rotman.utoronto.ca/finance.
Professor Hull is spending the Fall semester at the Stern School of Business, New York University.
Duanjie Chen, Associate Director of the International Tax Program, left the Rotman School at the end of August to take up a new position in Washington, D.C. Duanjie has been a valued and active member of the ITP group for several years, working on a variety of fiscal projects dealing with both Canada and many other countries in all parts of the world. She has, for example, recently completed a paper on measuring effective tax rates for the C.D. Howe Institute as well as studies on corporate taxes in Mexico and taxation and investment in NAFTA for the World Bank. Currently, she is completing (with Jack Mintz) a major study on government policy and competitiveness in Canada for the Donner Foundation.
Professor Don Brean of Finance and Economics had a very active summer giving several invited lectures in Canada and Europe. In June he delivered the President's Invited Address to the Finance Association of France in Paris. The topic was "International Financial Architecture." He also was an academic visitor to The University of Siena where he presented a course entitled Business: European Perspectives for the University of Toronto / University of Siena Summer Program. This is the first time that a course in management was offered in the 30 year history of the program.
Jack Mintz, Arthur Andersen Professor of Taxation and President & CEO of the C.D. Howe Institute, received a University of Alberta Alumni Association Excellence Award. Prof. Mintz received the award for his appointment to the C.D. Howe Institute in 1999. He was honoured, along with other U of A alumni, during a gala reception, on Sept. 14, the first day of U of A's Reunion 2000. Prof. Mintz received a BA from U of A and has taught at Rotman since 1989.
Sandy Borins gave a keynote address about Innovation and Evaluation at the Canadian Evaluation Society annual conference in Montreal in May, and he gave a presentation entitled "how to bring about public management innovation" to senior executives in the Ontario Government in Thunder Bay in June. He gave a presentation about new approaches to the delivery of public services to a group of senior public servants from Viet Nam, and he presented a paper on "New Public Management, North American Style" at the Academy of Management conference.
John Oesch, assistant professor of organizational behavior, presented a paper at the International Council for Small Business meetings in Brisbane, Australia in June. The paper is entitled A Method for Values-Based Assessments of Risk Perception in the Decision to Found a New Venture. The paper was co-authored by Prof. Oesch, Daniel Tzabbar (Rotman PhD student), Raphael Amit (Wharton), and Ken MacCrimmon (UBC).
Myron Gordon, professor emeritus, published a short paper, "Why Foreign Ownership is a Problem -- And What to Do About It" in the May 2000 issue of Policy Options. He presented a paper entitled "Monopoly Power and Its Consequences in the Manufacturing Sectors of Canada and the United States, 1949 to 1996" at the June meetings of the Canadian Economic Association in Vancouver.
He also presented another paper, "The Social Cost and Benefit of Competitive Advantage," at the Conference on Post-Keynesian Economics atthe University of Tennessee, June 24, 2000.
Prof. Dan Ondrack was a visiting professor again this summer, teaching International Management, at the University of Hong Kong for the University of Toronto summer program in Hong Kong. In addition to courses on Asian business and culture, the 100 plus students in this program go on numerous field trips to the Shenzen Special Economic Zone, mainland China and Macau. The program receives significant financial support from the Dr. Stanley Ho Foundation.
Gary Latham has been appointed to the Advisory Board of Summit-Link, Inc. a web-based skill development company in Monterey, California. The company focuses on the educational enhancement of children between the ages of five and thirteen. He also recently addressed The Conference Board of Canada, Councils of Professional Service Firms on "From Successful Professional to Effective Coach: Managing Performance in the New Professional Services Firm Environment."
The International Tax Program of the Institute of International Business sponsored a one-day workshop with Department of Finance officials on capital gains taxes. Participants included Malcolm Gammie (UK), Emil Sunley (IMF), Steve Richardson (Torys), Bob Dart (Weston), Satya Poddar (ERnst and Young), and Profs.Tom Wilson, Richard Bird and Jack Mintz of Rotman.
The International Tax Program at Rotman is pleased to announce that one of Canada's top tax lawyers, Stephen Richardson of Torys, has become a research associate with the program. Mr. Richardson has made major contributions to the development of tax policy in Canada and has published widely on topics related to taxation of capital income and business taxation. He also served as director of the tax legislation branch at the Department of Finance from 1983 to 85, and served on the Technical Committee on Business Taxation. He has taught in the Faculty of Law for a number of years and was recently listed as one of only two Canadians among the top twenty tax lawyers in the world. Steve Richardson is team teaching with Prof. Jack Mintz in the GEMBA program. Both will be engaged with a major project on the taxation of financial markets for the Government of Hong Kong in the Fall.
Staff Changes
Senior Development Officer Andrew Finn has left the Rotman School to pursue a position as Manager of the Customer Contact Centre at LOOK Communications Inc. Andrew played a key role in advancing Rotman's fundraising campaign, and he will be missed by all of his colleagues.
Peter Wilson is the new Supervisior, Financial Services Team. Peter hails from the University's Office of the Comptroller and has also held positions with U of T's Faculty of Law and the Department of University Relations. He has a Bachelor of Commerce degree from U of T, and is currently enrolled in the CMA program. In his new role, Peter will supervise the work of the financial services team in managing and executing the day-to-day financial management requirements of the Rotman School.
Mirella Nestor joins the MBA Career Development Centre as our new MBA Career Coordinator. Mirella was formerly the Employment Specialist for triOS College of Information Technology, where she was responsible for providing career services to post-secondary students, as well as working with employers from a wide variety of industry sectors to help meet their recruitment needs. She has a Master's Degree in Education, as well as extensive training in adult education and employment counselling.
Almira Mun, Director of Recruiting and Admissions, has left her position to pursue her Rotman MBA on a full-time basis. A new director will join the Rotman School in the next couple of weeks. Stay tuned for an upcoming announcement.
Enola Stoyle joins the MMPA group as Associate Director, Development. A graduate of the MMPA program, she was most recently employed with Ernst & Young, where she worked in the Information Systems Assurance and Advisory Services practice, and where she received her CA designation. Enola will work to enhance the MMPA Program, including working integratively with the Rotman Communications team. As well, she will help develop the newly announced Diploma in Investigative and Forensic Accounting Program, and enhance MMPA's use of the web.
Carolyn Nelson and Angie Louie are two new additions to the Office of the Registrar. Carolyn takes on the position of Student Records Clerk, and Angie Louie is the new Student Services Representative.
Linda Rendulich joins the third floor team as the new Manager, Human Resources. Linda graduated on the Dean's list from Rotman's Part-Time MBA program in June. Linda has extensive experience in human resources management, including experience with two academic health science centres affiliated with the University of Toronto: the Centre for Addiction and Mental Health, and the Hospital for Sick Children.
Fiona Sanders is the new Undergraduate Assistant in the Commerce program office, and will be answering student, staff and faculty enquiries at the front desk. Fiona previously worked at the Faculty of Medicine, as a registration assistant in Postgraduate Medical Education. Fiona took some time off to raise her family, and has now decided to return to the workforce and the University.
Rotman in the News
Dean Roger Martin was profiled in the Sept. 11 issue of the Financial Times as part of a series of interviews with deans from leading business schools. Please contact Ken McGuffin, mcguffin@rotman.utoronto.ca, for further information about the article. He also contributed a commentary on the Canadian capital markets to the Financial Post that appeared on Sept. 14.
An article by Roger Martin was one of three to launch a new feature on the Fast Company web site. The article can be viewed at www.fastcompany.com/professor/martin.html.
He was quoted in the Globe & Mail on Aug.. 28 regarding the increasing number of Canadian executives being hired to run U.S. firms. "In this New Economy, we have to share responsibility and get along with people. Canadian executives are arguably much better at it than most others," said Martin.
He also commented in the Aug. 12th National Post on the brain drain of business school professors. Martin said Rotman intends to compete by paying "world class salaries to world class faculty."
Among Finance Professor Eric Kirzner's many media appearances was an interview on CBC Newsworld on Sept. 7 regarding the proposed takeover of the London Stock Exchange, and numerous interviews with Canadian Press on a variety of investing and financial topics. He also interviewed Sir John Templeton, founder of the Templeton family of mutual funds for the Sept 11th issue of Maclean's and taped a series of segments on investing for MoneySense TV, which will appear on Life network over the next few months.
Len Brooks, professor of accounting and business ethics appeared on a business ethics panel on CBC Newsworld that aired several times during the weekend of Sept. 9.
Joe D'Cruz, professor of strategic management, appeared on CBC Newsworld, regarding the Bridgestone/Firestone tire fiasco on Sept. 7. He was also on CBC Newsworld on Aug 1 discussing airline competition. Other appearances included Canada AM, ROBTv, CP-24 and Canadian Press.
Peter Dungan, adjunct associate professor of economics, commented in the Globe & Mail, on the economic impact of pay equity settlement for federal government civil servants, on Sept. 11.
An opinion piece by Jack Mintz, Arthur Andersen Professor of Taxation, was published in the Aug 29 issue of the Globe & Mail. It urged the federal government to use its budgetary surplus to slash debt.
Dan Ondrack, professor of organizational behaviour, spoke to the media on a wide range of human resource and organizational behaviour issues during the summer. He also was caught up in the "Survivor" phenomenon, comparing the scheming, strategic alliances of the television show to what happens in the workplace in an article in the Globe & Mail on August 22. "What happens on Survivor is what's called a zero-sum game - I maximize my benefits by making you lose. The same applies in business practices," said Prof. Ondrack.
A Financial Times article in June mentioned that the Rotman School is attracting an increasing number of top-tier recruiters. Karen Theriault, director, MBA Career Development Centre, and Daniel Debow, LLB/MBA'00, were quoted.
Other Rotman faculty commenting on business issues recently included Anil Verma, Laurence Booth, David Dunne, John Crispo, and Sharmistha Law, among others.
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