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A Quarterly Update from Dean Judy Olian, UCLA Anderson School of Management
May 2012

Dear Friends,

Spring is filled with student and alumni activities. Here is an update on recent developments.

Earlier this month, we celebrated Alumni Weekend with about 700 alumni who returned for the stimulating program and festivities. We honored Marshall Goldsmith (Ph.D. '77) as the John E. Anderson Distinguished Alumnus and Grady Smith ('01) with the Alumni Service Award.
We've hired several outstanding faculty for 2012/2013. Assistant Finance Professor Daniel Andrei joins us from the University of Lausanne; Assistant Accounting Professor Henry Friedman is from Wharton; Associate Marketing Professor Daniel Oppenheimer comes from Princeton; and Marketing Professor Sanjob Misra was on the faculty of the University of Rochester.
Our faculty continue to make headlines and to have impact on the world. Professor Chris Tang, the Edward W. Carter Chair in Business Administration, was named President-Elect of the Production and Operations Management Society and also became a Lifetime Fellow of the Institute for Operations Research and the Management Sciences (INFORMS).
Professor Richard Roll, the Joel Fried Chair in Applied Finance, was named winner of the Graham and Dodd Best Perspectives Award, recognizing his timely and provocative Financial Analysts article, "The Possible Misdiagnosis of a Crisis."
Professor Shlomo Benartzi's new book, Save More Tomorrow, prompted new legislation proposed by U.S. Senator Daniel Akaka, aimed at making it easier for federal workers to save for retirement.
There was also sad news this spring. Marketing Professor Xavier Drèze passed away. Xavier, or "Dr. X," was a superb scholar and beloved colleague who will be sorely missed by the Anderson community.
We launched a unique partnership between UCLA Anderson and TED, the organization dedicated to "ideas worth spreading." Later this month, UCLA Anderson and TED will hold the first annual TED Case Challenge to advance ideas that percolated from this year's TED and TEDActive conferences.
The new market facing curriculum appears to have had quite an impact. Full time applications are up over 20 percent relative to last year. The curriculum, students' investment in deep career preparation, and one-on-one counseling by specialists in the Parker Career Management Center are positioning students to be highly competitive in this year's employment market.
We're planning on adding another section to the Fully-Employed MBA program that combines online learning and on-campus interaction. FEMBA-Flex will require once a month campus weekend attendance, with core classes taken online in between. The section will expand the program's geographical reach, given its flexibility.
In March, U.S. News & World Report ranked our Full Time MBA program 15th, down one spot from 14th last year. In the specialty rankings, the Fully Employed MBA (FEMBA) program is ranked fifth, up one spot from 2011, and the Executive MBA (EMBA) program remained at sixth. Other rankings are available at Financial Times and Expansión.
The Dean's Distinguished Speaker Series featured iconic leaders, including Jim Skinner, CEO of McDonald's; Jim Moffatt ('87), chairman and CEO of Deloitte Consulting LLP; and Susan Wojcicki ('98), Google's senior vice president, advertising. Guy Kawasaki ('79) will deliver our 2012 commencement address.
The Anderson 2016 strategic plan, which has benefited from extensive feedback from key stakeholders, is nearing completion and will guide the school's priorities over the next five years. It will be broadly shared over the next few months.
The process for approval of the school's financial self-sufficiency model continues, and enjoys the full support of the University's leadership. A key UCLA Academic Senate vote is expected in early June with the hope that the new model will be implemented in the upcoming fiscal year.
A request to you, our alumni-for-life network: Remember to consider our newest and upcoming alumni when filling internships or permanent positions in your companies.

And to close, congratulations to the graduating Class of 2012. We're blessed with an inspiring group of future leaders who will most certainly make a mark in their organizations and communities around the world.

Stay in touch, and let me know what you’re thinking.

Warmly,

Judy Olian

UCLA Anderson School of Management | 110 Westwood Plaza | Los Angeles, CA 90095-1481