Always Changing, Always Wharton

41 Pages·2005·1.9 MB·English

s u m m e r 2 0 0 5
A L U M N I M A G A Z I N E
Always Changing,
Always Wharton
Returning alumni welcome
new graduates to the fold
Also: Adaptation Skills for
Global Lives and Careers
Summer 2005
A L U M N I M A G A Z I N E
Features
Always Changing, Always Wharton 8
Alumni return to campus to reconnect.
A Welcome From Alumni 14
The Alumni Processional becomes a tradition in its second year.
Cultural Fluency for Global Lives 18
Wharton and Lauder alumni trade countries of residence, using
adaptation skills in both work and life.
8
Alumni return to campus
Moral Hazards and Fatal Flaws 24
to reconnect.
Profile of Wharton Health Care Systems Professor Marc Pauly.
Departments
18
Wharton Now 2
Adapting to
new cultures in School News
professional and Recent Alumni Books
personal life.
Knowledge@Wharton 28
Do You Know Where Your Identity Is? Personal Data Theft Eludes Easy
Remedies
Next Up at Wharton School Publishing 32
The Enthusiastic Employee: How Companies Profit by Giving Workers What
They Want, by David Sirota, Louis A. Mischkind, and Michael
Irwin Meltzer
Alumni Association Update 37
New Leadership
Club Spotlight: Wharton Health Care Management Alumni Association
Board of Directors
24
Class Notes 40
Contrasting health care insurance
problems in the developed and
Leadership Spotlight Inside Back Cover
developing worlds.
Phil Darivoff, W’79, WG’85
Wharton Now
Capital; Perseus Group, Knowledge@ The first Chinese edition
LLC; Arzu, Inc.; Arboretum included a special interview
Wharton Chinese
Ventures; Sienna Ventures with Haier Group CEO
and Johnson & Johnson Version Launched Zhang Ruimin as well as a
Development Corporation, Boston Consulting Group
a Platinum Sponsor of the In March 2005 and Knowledge@Wharton
Wharton BPC. Knowledge@Wharton special report, “Overcoming
The students of FibrinX launched a free Chinese the Challenges in China
include Dhaval Gosalia, a version, called China Operations.” The report
University of Pennsylvania Knowledge@Wharton. includes experts at BCG
School of Engineering PhD Wharton created the new and Wharton who weigh in
candidate from Bombay, site, which is published in on issues including devel-
GOSALIA AND GOODSPEED India, and Jonathan Chinese, to meet the de- oping management talent,
Goodspeed, WG’05, a mands for online research R&D operations, sourcing
FibrinX Wins second-year Wharton and business analysis by of high-tech and tradi-
School MBA student from management leaders in tional goods, and logistics.
Wharton Business Greenwich, CT. They say Chinese-reading popula- In addition, the CEO of
Plan Competition that unlike traditional mam- tions worldwide. TCL, one of China’s larg-
mal-based sealants, their
Grand Prize with proprietary application of
U
Atlantic salmon blood plasma A
E
Wound Care is less expensive, reduces OD
B
Derived from blood loss and decreases the N THI
risk of mammalian-borne TI
R
Fish Plasma viruses. The team’s technol- MA
ogy is protected by six patents
Student team FibrinX, and has already received U.S.
whose tissue sealant pro- Army and Navy funding for
vides a safer and cheaper pre-clinical trials. In fact, use
adhesive to prevent excessive in combat situations is one of
bleeding during surgery or the market segments FibrinX
after traumatic injury, won is targeting. Others include
the $20,000 grand prize emergency rooms, hospital
of the Wharton Business surgeries and dental offices.
Plan Competition (BPC). Second-place team
The prize was awarded at IntuiTouch, which was
the School’s annual Venture marketing a handheld de-
Finals in April 2005, when vice for portable, at-home The Chinese version est companies, discusses his
student finalists received a breast cancer detection, will provide articles and company’s experiences in
total of $75,000 in com- not only won $10,000 for research papers in its the global marketplace.
bined cash prizes, access to their overall finish, they database from existing Published biweekly,
capital and in-kind legal/ also won the Frederick H. Knowledge@Wharton Knowledge@Wharton cap-
accounting services. Gloeckner Award of $5,000 content as well as articles tures and reports knowledge
This year’s Venture Finals, for the highest-ranking uniquely created for the generated at Wharton via
the culminating event of the Wharton undergraduate new version. Published research papers, confer-
year-long Wharton BPC, team in the Wharton BPC. from Shanghai, the site is ences, books and interviews
attracted scores of venture The winner of the $5,000 funded by donations and with faculty on current
capitalists, business leaders, third prize was Dynamic corporate sponsorships. business topics, and dis-
faculty and students. The BioSystems, a developer of Founding sponsors of China tributes that knowledge
Venture Finals judges who fast, “scarless” wound heal- Knowledge@Wharton in- online to a global busi-
selected the winning teams ing without special storage clude RGM International, ness audience. Prior to the
represented a range of organi- requirements targeted for Ta Ya Group, Yageo and Chinese-edition launch,
zations including First Round military, travel use. Asia Pacific Telecom Group. Knowledge@Wharton
2 .SUMMER 2 00 5. WHARTO N NOW 3
had more than 450,000 Karen Lewis, allows “stu- can take right back to their Record MBA Class
subscribers. In addition to dents to experience an actual workplaces. “We can cre-
Pledge Creates a
English and Chinese, K@W outcome. A whiteboard does ate something that is more
also publishes in Spanish not allow them to get direct- lifelike and bring a more Legacy
and Portuguese in collabo- ly involved in a scenario and realistic element to market
ration with Universia.net. quickly see the causes and ef- simulations,” said Professor For the third year in a row,
To access China fects of their decisions.” Robert Holthausen, aca- the graduating MBA class
Knowledge@Wharton Wharton’s Innovation demic director of Wharton’s set a new record for class gift
in simplified Chinese Toolkit simulation — used executive program in — hitting seven figures for
(requires Chinese charac- by students in Innovation Mergers & Acquisitions. the first time. Raising the
ter fonts), visit <http:// and Entrepreneurship Simulations allow man- bar for the next generation
knowledge.wharton.com courses under the leadership agers to go back and change of students is something of
.cn/ index.cfm> or China of Professor Ian MacMillan, strategies after they see the a Wharton tradition, but
Knowledge@Wharton in director of the Sol C. Snider results of their original deci- the goals of the 2005 Class
English: <http://knowl Entrepreneurial Research sions. This experience often Legacy were loftier than
edge.wharton.com.cn/ Center — gives students gives them a new apprecia- mere competitive spirit.
index.cfm?languageid=1>. a framework to think tion for the complexities of “During the campaign,
through each step of a new acquisitions and the strate- we never said our goal was
Alfred West Jr. product’s lifecycle. It pro- gies that can lead to success. to raise a lot of money,” said
vides online course modules “The reason for the Andras Forgacs, WG’05, who
Learning Lab based on MacMillan and simulation is to get the par- co-chaired the committee
Rita MacGrath’s book The ticipants to understand that along with Mona Bijoor, also
Introduces Two
Entrepreneurial Mindset, there are many facets of an WG’05. “Our goal was to
New Learning leading students through M&A process that normally get people to become active
such stages as product are treated as independent, alumni. We believed that if
Simulations design, business design op- but all these things are in- we could do that, we would
timization and competitive terdependent,” explained have a successful campaign.”
Students need to solve real- market segmentation. Holthausen. “They realize The strategy worked.
world problems to learn “These simulations push the integration decisions A total of $1,133,767 was
about business. So how to the envelope in terms of how that lead to higher value or pledged by the combined
include practical business professors can teach and lower returns.” traditional and executive
experiences in classroom what students can learn,” Wharton’s Alfred West MBA classes. The class
learning? Two recent learn- said Deirdre Woods, chief Jr. Learning Lab, founded pledge total includes 98%
ing simulations developed information officer and as- in 2001 with a $10 million overall participation, with
by Wharton’s Alfred West sociate dean of the Wharton gift from alumnus Alfred $883,284 contributed by
Jr. Learning Lab involved School. “Without Learning West Jr., WG’66, creates the traditional MBA and
MBA students in hedging Lab simulations, many types innovative learning simula- $304,483 from the MBA
foreign currency risks and of learning would be off- tions to involve Wharton Exec students. The com-
innovating entrepreneurial limits to students, since the students in real-world busi- bined total is believed to be
products. concepts require real-time ness decision making. The the largest class gift in dol-
In HEDGE, used by interaction. These new in- technology has now been lars among U.S. institutions
students in International teractive offerings will help licensed to dozens of other of higher education.
Corporate Finance classes, solidify Wharton’s position schools, and has already been In true Wharton fashion,
students simulate being in- as the leader in creating used by more than 6,000 the committee used quantita-
ternational financial manag- and disseminating business students at Wharton. To tive analysis to make the mar-
ers who face different kinds knowledge through the use date, 25 Wharton professors keting message more effective.
of foreign exchange risk. of technology.” have worked with the Lab to Eighty volunteers submitted
They then have to decide Innovative learning develop simulations for their data on their Wharton con-
how much currency to hedge simulations are also central classes. tacts, and the committee used
and which financial instru- to Wharton’s executive edu- linear optimization to assign
ments to use for specific cation programs, in which 10 individual prospects to
situations. The simulation, they help executives learn the committee member who
explained Finance Professor practical lessons that they would most successfully ap-
2 WHARTON NOW .W HARTON ALUMNI MAGAZIN E. 3
class pledge, co-chaired by Yanesha people who call the
Steven Shea and Andrea valley their home.
Kirk in the east and Greg The group teaches the
Chow and Michael Ashburn Yanesha to use the rainfor-
in the west (all WG’05), est — their most abundant
achieved a nearly perfect natural resource — to create
99.4% participation. furniture, housewares and
“It’s not about the accessories. It’s a far cry from
money — it’s about creating just a few years ago, when the
a culture,” Bijoor insisted. Yanesha lived as subsistence
“Wharton has always done farmers and sold off their
a lot with a little. Now it’s trees to logging companies.
time we do a lot with a lot.” “Now not only are they
able to sustain the forest,”
reported trip participant
Wharton Students
Lisa Linn de Barona, “but
Consult on they’re able to send their
children to school, invest in
RODNEY MCLAUCHLAN, WG’78, THIRD FROM LEFT, INSPIRED Sustainable
community buildings, and
SECOND-YEAR MBA STUDENTS TO GIVE TO THEIR CLASS PLEDGE Industry for do all kinds of things they
WITH A $50,000 CHALLENGE GRANT AND A VISIT TO MBA PUB. couldn’t do before.”
Peruvian The team spent nine
proach them. By limiting their alumni too,” said co-chair days in Peru, meeting the
Rainforest
contacts, each volunteer was Bijoor. “Our pledge shows Yanesha artisans and their
able to give more personal at- them that we’re commit- families and studying how
Building a product dis-
tention to the students who ted to the school — we feel they made and distributed
tribution network in the
they were assigned. that it’s important to invest their product. These experi-
rainforest is hard enough. It
Other innovations con- in it.” ences helped them under-
doesn’t get any easier when
tributed to the success. This In fact, the campaign stand firsthand the obstacles
the only bridge into town is
year’s Class Legacy project was boosted by two chal- — especially the difficulties
washed out.
was the first to use an in- lenge grants from alumni. of travel in the Palcazu
This was just one of
teractive e-mail marketing First Rodney McLauchlan, valley — that the Yanesha
the challenges faced by six
campaign and to implement WG’78, pledged up to must overcome to build and
members of the Wharton
online giving with real-time $50,000 in increments be- ship their product.
Global Consulting
updates through a student- ginning at 70 percent class Now back in the States,
Practicum (GCP) during a
created website. On the participation. When pledges the students have to find
recent trip to Peru’s Palcazu
low-tech, high-touch side, approached the 95 percent new ways of getting the
Valley. There, the students
the committee expanded the level achieved the previous Yanesha goods into stores,
met the indigenous Yanesha
campaign’s supporting social year, a second alumnus, translating the artisans’
people, a growing commu-
events, sponsoring a casual Ronald S. Haft, W’81. craftsmanship into a mar-
nity of artisans working to
barbecue on Koo Plaza, an WG’82, chipped in an addi- ketable brand.
build a sustainable lifestyle
MBA Pub night and a cock- tional $1,000 for every per- In the Wharton Global
in the rainforest.
tail party held at Vesper on centage point approaching Consulting Practicum,
In January 2005, the GCP
Boathouse Row. The events 100 percent. The total chal- Wharton MBA candidates
team traveled to Lima, Peru,
were supported by alumni lenge grant added another engage with the real world of
and its surrounding rainforest
speakers Phil Darivoff, $54,000 to the hefty total. consulting for international
to consult for the nonprofit
W’79, WG ’85, Gloria This year the campaign companies. The companies
Partnerships and Technology
Rabinowitz, WG’78, and also involved closer col- gain a North American busi-
for Sustainability (PaTS).
Alfred West Jr., WG’66. laboration with the MBA ness plan, and the students
PaTS aims to preserve the
The committee made Program for Executives class learn valuable lessons about
forests of the Palcazu Valley
sure alumni involvement gift, emphasizing that both creating and implementing a
by creating sustainable in-
was a two-way exchange. programs form one graduat- business strategy.
dustry for the indigenous
“We wanted to inspire ing class. The MBA Exec
4 .SUMMER 2 00 5. WHARTO N NOW
EDITORIAL STAFF
Editor
Kelly J. Andrews
Magazine Coordinator
Joanne Spigonardo
Student-Founded working with the Ubuntu 24 township schools, includ-
Editorial Board
Education Fund, a Port ing youth counseling, com-
Partnership Aids Michael Baltes
Elizabeth-based nonprofit munity outreach workshops,
Steve Guglielmi
South African dedicated to education and and sustainable food gardens.
Karuna Krishna
health. The fund was found- While in the townships,
Meghan Laska
Education ed in 1999 by Penn graduate the Students4Students
Tracy Liebman
Jacob Lief, C’99, who stress- group also attended AIDS
Nancy Moffitt
“When other people start es that it is “not a charity. We awareness workshops where
Mukul Pandya
to fall over with leg cramps, build sustainable programs health educators discussed
Cynthia Russell
you have to wonder what’s with tangible goals.” sexually transmitted diseases
Robbie Shell
going to happen to you.” “We live in the commu- and AIDS prevention. “The
Peter Winicov
So said Rush McCloy, nities where we work, we area is characterized by high
WG’05, who recently ran understand their needs, and, unemployment and health Contributing Writers
the 35-mile Two Oceans together with the commu- issues,” explained Javis Drew Armstrong
Ultra Marathon in Cape nity, we create sustainable Gqamlana, the director of Leo Charney
Town, South Africa, to raise development projects that the Clover County School,
Editorial Assistant
money and awareness for truly empower people. Our “but education is the pas-
Mark Natale
Students4Students, the stu- success relies on our com- sion that we want to spur
dent-run nonprofit group mitment to giving people because these kids are the Design
that he co-founded in 2003. the means to improve their future of our nation.” Warkulwiz Design Associates
Students4Students is own community.” Ahead of next year’s mara-
a partnership of business Lief spent time in South thon, Students4Students Assistant Art Director
school students and alumni Africa as an undergraduate, organized a gala New York Martin Thibodeau
committed to creating sus- when he had an eye-open- City benefit on May 12 to- Editorial Office
tainable educational vehicles ing visit to a school in Port ward an overall five-year goal 1030 SH/DH, 3620 Locust Walk
throughout the developing Elizabeth, “There were 90 of raising $5 million for edu- Philadelphia, PA 19104
world, focusing on one region kids in the classroom, but cation in South Africa. 215.898.7967 (phone)
at a time in partnership with everyone was quiet — they 215.898.1883 (fax)
educationally focused non- just wanted to learn. It was [email protected]
Wharton Global
governmental organizations. very inspiring.” Still an <www.wharton.upenn.edu/
With members at Wharton, undergraduate, Lief held a Family Alliance alum_mag/index.html>
Harvard, Columbia and the raffle on Locust Walk to buy
Conducts First
University of Cape Town, office supplies and opened ADMINISTRATION
Students4Students plans to shop in his dorm room. Gathering in Patrick T. Harker
expand to other business Six years later, with of- Dean and Reliance Professor of
schools over the next fices in Port Elizabeth and Dubai Management and Private Enterprise
several years. Manhattan, Ubuntu serves Steven Oliveira
Co-founder Sarah 40,000 children each month Every family business faces Associate Dean, External Affairs
Ryerson, WG’05, started and 13,000 adults each year. unique challenges of suc-
Leslie Arbuthnot
the organization out of The Fund has helped develop cession and leadership,
Director, Alumni Affairs and Annual Giving
gratitude for her own edu- community learning centers but what happens when a
cational opportunities. She and health-education initia- family business is actually ADVISORY BOARD
explained: “I would really tives to teach responsible a multinational corpora-
Joan Walsh Cassedy, WG’82
like to see the organization health practices in a country tion worth billions? The
Executive Director, American Council of
be a true representative of where more than a fifth of Wharton Global Family Independent Laboratories
business school students the adult population is in- Alliance (Wharton GFA), a
Jay A. Dubow, W’81
around the world, so that fected with HIV or AIDS. research partnership between
Partner, Wolf, Block, Schorr and Solis-Cohen
this is the one organization Students4Students has Wharton and leading global
where business students feel pledged to raise funds for business families, aims to ad- Ellen Yin, W’87, WG’93
like they can really give back Ubuntu’s Mpilo-Lwazi dress the key questions major Proprietor, Fork Restaurant
through education.” health education program, family firms face. In March For Change of Address: The Wharton School
As part of a five-year which reaches more than 2005, the alliance held its first Office of Development and Alumni Affairs,
Alumni Address Update, 344 Vance Hall,
commitment to South 55,000 people through conference in Dubai, United 3733 Spruce Street, Philadelphia, PA 19104-6360
Africa, Students4Students is health education classes in Arab Emirates (UAE), to • Telephone: [phone] • Fax: [phone] •
Web: <wave.wharton.upenn.edu/updateform.html>
4 WHARTON NOW .W HARTON ALUMNI MAGAZIN E. 5
bring together Wharton re- Alumnus Thomas interim CEO of a Russian-
searchers and more than 300 Swiss technology venture
Caleel Named
family business leaders from that delivers medical infor-
around the world. Director of mation and mobile phones
The three-day Dubai con- to remote disaster areas.
ference created a forum for Wharton School While a student at
discussing economic trends Wharton, he was a leader-
MBA Admissions
affecting its members, with ship fellow, co-chair of the
a particular emphasis on is- and Financial Aid ethics committee, a gradu-
sues specific to the Middle ate assistant in the MBA
East. Wharton professors Following an extensive Admissions Office and
Ian McMillan, Richard search, Thomas Caleel, a member of the Dean’s
Herring, Bulent Gultekin, C’94, WG’03, has been Graduate Student Advisory
Janice Bellace, and Raphael named Wharton’s director Committee.
(Raffi) Amit moder- of MBA Admissions and
ated panels on such topics Financial Aid. Caleel previ- Wharton Alumni
as “Capital Markets and WHARTON’S FIRST GLOBAL ously worked for Silicon
Investment Opportunities,” FAMILY ALLIANCE Valley private equity firm Magazine Under
“Creating Societal Wealth,” CONFERENCE CONCLUDED Cagan McAfee Capital New Editor
“Entrepreneurship and Partners, where he served as
WITH A GALA DINNER AT
Capital Flows,” “Valuing a financial analyst for port-
In May 2005 Kelly Andrews
Private Companies” DUBAI’S FAMOUS BURJ AL folio companies and raised
became the new editor
and “Managing Family ARAB HOTEL. public and private funds for
of the Wharton Alumni
Succession.” Keynote speakers the energy, recycling and life
Magazine. Wharton’s associ-
included H.E. Dr. Mohamed Worldwide, more than half sciences sectors.
ate director of publications
Khalfan bin Khirbash, UAE of the private sector works “As a successful entre-
for the past three years,
Minister of State for Finance for family firms. WGFA is a preneur, venture financier
Andrews previously worked
and Industry, and Sultan first-of-its-kind collaboration and chief executive, Thomas
on School outreaches,
Ahmed Bin Sulayem, ex- between Wharton and CCC Caleel’s professional experi-
including the 2004 web-
ecutive chairman of Dubai’s Alliance that allows global ence has been wide ranging
site re-launch and MBA
Ports, Customs & Free families with businesses at and internationally diverse,”
Admissions’ award-winning
Zone Corp.; chairman of the highest levels to collabo- said Anjani Jain, vice dean of
integrated marketing com-
Tejari.com, a B2B market- rate for their mutual benefit the Wharton School’s MBA
munications strategy. Prior
place; chairman of the prop- and for the betterment of Division. “As an alumnus,
to coming to Wharton, she
erty development company society as a whole. Led by he now returns to Wharton
served as managing editor
Nakheel; and executive chair- Wharton management with great enthusiasm for the
at CDNOW and as senior
man of Istithmar, a Dubai- professor Raffi Amit, the opportunity to help shape
editor at Target Marketing
based investment holding chairman of the Wharton the School’s future.”
and Entrepreneurial Edge
company that was the lead GFA Executive Committee, Caleel began his career
magazines. Andrews holds
sponsor of the conference. WGFA is focused on re- in 1995 as director of the
an undergraduate degree
“The conference demon- search into, and the sharing Moscow Representative
in humanities from Johns
strated the power of com- of, best practices of globally Office at Heritage Finance
Hopkins University and a
bining Wharton’s research influential family enterprises. & Trust, a private financial
master of liberal arts degree
capabilities with a deep Recent Wharton GFA group based in Geneva,
with concentrations in writ-
network of family business research includes a major Switzerland. Between 1998
ing and literature from the
leaders,” said Wharton study on the added value de- and 2001, Caleel was a
University of Pennsylvania.
GFA Executive Director rived from family firms run co-founder of BCI Private
Send Magazine feed-
Todd Millay. by founders and a case study Capital, a holding company
back or School and alumni
Thirty-five percent of on Kohler, the closely held in Denver, CO. While at
news to <kelly.andrews@
the S&P 500 is family family-run plumbing fixtures BCI, Caleel played a role in
wharton.upenn.edu> or
controlled, and 15% of the firm with annual revenues in acquiring or founding several
call her at 215.746.2296. ◆
world’s largest 1,000 busi- excess of $2 billion. new product lines and new
nesses is family owned. businesses and served as the
6 .SUMMER 2 00 5. WHARTO N NOW 7
Recent Alumni Books
Winners Never Cheat: Leveraging the New Human
Everyday Values We Learned Capital
as Children (But May Have
Forgotten) By Sandra Burud and
Marie Tumolo, WG’91
By Jon M. Huntsman, Davies-Black Publishing (2004)
W’59, H’96
Wharton School Publishing “Infuses much-needed breakthrough
(2005) thinking into the discussion of hu-
man capital. The authors refuse to let anyone who
“Nothing could be more timely than this provocative manages people ignore the basic truth about leveraging
book from one of America’s foremost business and humans as capital: You can’t manage people as assets
civic leaders about the urgent need for greater ethics without respecting them as the whole beings they are.”
in our public and private lives.” – Anne C. Ruddy, Executive Director, WorldatWork
– Andrea Mitchell, NBC News
DI The Debt Threat: How Debt Is
R
A
N Destroying the Developing World
O
E
L
Y
M
M By Noreena Hertz, WG’91
O
T
HarperBusiness (2005)
“The Debt Threat should not go un-
noticed. Its message must reach the
highest corridors of power and the
masses of the marginalized poor who carry the burden
of debt through joblessness, increasing user fees for
basic services, hunger, malnutrition, and inadequate ac-
cess to health care and education.”
RI – Archbishop Desmond M. Tutu, winner of the 1984
RI
A
H Nobel Peace Prize
S
U
RI
A
D
Ruminations on
Twentysomething Life
By Aaron Karo, W’01
Fireside (2005)
“Ruminations on Twentysomething
Life examines those awkward and
absurd moments we all have after
JON M. HUNTSMAN SPOKE ABOUT HIS NEW BOOK AND GREETED
college but are afraid to admit. If Jerry Seinfeld and
ALUMNI AND STUDENTS AT BOTH WHARTON CAMPUSES– (TOP)
Candace Bushnell had an illegitimate child, its name
OUTSIDE THE PHILADELPHIA BUILDING THAT BEARS HIS NAME
would be Aaron Karo.”
DURING ALUMNI WEEKEND ON MAY 13, AND (BOTTOM) AT
WHARTON WEST IN SAN FRANCISCO ON MAY 27. – Farrah Weinstein, New York Post
6 WHARTON NOW .W HARTON ALUMNI MAG AZINE. 7
Always
Changing,
Always
Wharton
Returning alumni see changes in Wharton,
whether they are returning after five years
or 80. By Elisa Ludwig
8 .SUMMER 2 00 5. STORY TITLE GARTNER, WG‘20 9
DI
R
A
N
O
E
L
Y
M
M
O
T
S.
O
T
O
H
P
B
efore group study rooms, cohorts, learn- Yet Gartner has vivid memories of his academic experience,
ing simulations and the core curriculum, particularly attending lectures in the school auditorium. “My
there were lecture-driven classes with little favorite classes were Professor Young’s class on the constitution
student discussion, professors smoking and another on the insurance of stock markets. Those are the
two I seem to carry with me through the years.”
pipes in class, and punch-card computers.
Gartner parlayed his scholastic interests into a successful en-
On campus for the 2005 Alumni Weekend, former
trepreneurial career. He met his future wife while at Wharton,
students had a chance to reflect on Wharton aca-
and after graduation they moved to Atlantic City where he
demics through the past eight decades. And because
got a job in an accounting firm. In the 1940s, he founded the
Wharton’s most pervasive tradition is innovation,
Garwood department store, one of the first of its kind in the
even the most recent graduates reported changes to
region. Later, he started an early predecessor of today’s dollar
the campus, curriculum and learning style.
stores in a trolley-car storage shed. He eventually expanded the
Discount Shopping Center to four locations in South Jersey.
Henry Gartner An active member
W’25
of the local Jewish
Few alumni can appreciate Wharton’s history like 101-year-old community, Gartner
Henry Gartner, who was in town for his 80th reunion. “I’d say founded a synagogue
the campus has changed about as much as automobiles have and country club and
changed since the invention of the original model T,” he said. served as president of
Gartner, who hails originally from Newark, NJ, came to both organizations. He
Wharton for undergraduate study in the 1920s because he also served as president
was looking for an accounting background. “At that time, the of the local merchants’
school was very well known for its accounting department,” association before retir-
he said. ing more than 30 years
Gartner put himself through school by working — most of- ago. Today he has two
ten at a local A&P supermarket — and his after-school jobs cut children, six grand-
a considerable chunk out of his study time. “I took classes until children and 12 great-
3 p.m. and I worked until 10 p.m. I basically ate on five dol- grandchildren. (One is currently considering applying to
lars a week. Then, in the summer, when the other supermarket Penn.) At home in Boynton Beach, FL, Gartner still enjoys
managers went on vacation, I would take their place.” playing golf four or five times a week.
8 .SUMMER 2005. STORY TITLE ALWAYS CHANG ING, ALWAY S W HARTON .W HARTON ALUMNI MAGAZIN E. 9