DARDEN

Graduate School of Business Administration at the University of Virginia • spring 2007

Entrepreneurship:
The dream of self-employment
V o l u m e 3 3 • I ssue 1 sp ring 2007

DARDEN
The alumni magazine of the University of Virginia Darden School of Business

18 Features
18 Perfect Circle: Darden Program helps alumnae reclaim career path.
20 The ‘120 Club’ entertains alums with tales of old and their fond
vision for the future.
23 Alumni hatch new venture with aid of Darden Incubator.
24 Cover Story: Faculty share secrets of entrepreneurial success.

20 Departments
4 Over Coffee
Dean Bruner rings NYSE opening bell; Darden rises in rankings;
profs’ marketing book named ‘best of the year,’ more.
6 News Briefs
Jim Cramer’s Mad Money comes to Darden; in Memoriam: remembering
former Dean Haigh; new trustees join Darden Foundation board; GE
CEO speaks at School; more.
12 Faculty Files
33 Reunion Photos and Class Notes

Upcoming Events:
April 18–20, 2008, Reunion
Classes of ‘58, ‘63, ‘68, ‘73, ‘78, ‘83, ‘88, ‘93, ‘98, ‘03

24
September 21–22
Alumni Board, Leadership Weekend

Darden is published by the Visit Darden’s website for all the latest news: www.darden.virginia.edu
Darden School Foundation
Office of Communication & Marketing Our streamlined, user-friendly site offers many interactive features of particular interest
P.O. Box 7225 both to alumni and prospective students. Here’s just a sample of what’s available right
Charlottesville, Virginia 22906-7225 now, 24 hours a day:
(434) 924-3900
www.darden.virginia.edu • Keep up with Dean Robert Bruner, who writes regular blog features on school
Editor: Stephen Evans developments and key business issues.
Design: Susan Wormington
• Hear all the latest school news, plus interviews with Darden leadership on the
Cover Photo: Michael Bailey
weekly Darden BusinessCast.
Photography: Ian Bradshaw, Stephen Evans,
Stephanie Gross, Jack Looney, Matthew Marcinek • Listen to the remarks of distinguished guest speakers on the Darden Podcast.
Andrew Shurtleff, Susan Wormington
Vice President of Communication & Marketing: • Watch streaming videos about Darden programs and people.
Ken White
This magazine is published with private
donations to The Darden School Foundation.
Copyright 2007
The Darden School Foundation

alumni board members
James E. Black (MBA ’03)
Asst. Brand Manager, Procter and Gamble
Adriano L. Borges (MBA ’98)
Vice President, Investment Banking,
Credit Suisse Group

Leadership
Lawrence Brett III (MBA ’79)
Director, Trader Publishing Company
Arthur S. Brinkley (MBA ’85)
First Vice President, Davenport & Company, LLC

The Darden School Mr. J. Andrew Bugas (MBA ’86)

Partner, Radar Partners
Robert F. Bruner, Dean, Charles C. Abbott Professor of Business Administration
L.J. Bourgeois III, Associate Dean for International Affairs Kenneth J. Burke (MBA ’80)
Managing Director, Signal Hill Capital Group LLC
Robert L. Carraway, Associate Dean for MBA Education
James R. Freeland, Associate Dean for Faculty Michael A. DeCola (MBA ’77)
President and CEO, Mississippi Lime Company
Erika H. James, Associate Dean for Diversity
Jeanne M. Liedtka, Executive Director, The Batten Institute Henry L. de Montebello (MBA ’76)
Managing Director, Russell Reynolds Assoc., Inc.
Luann J. Lynch, Associate Dean for Intellectual Capital
Marian C. Moore, Associate Dean for MBA for Executives Kenneth M. Eades
The Darden School, Faculty Advisor
David L. Newkirk, CEO, Executive Education
Randall R. Smith, Chief Technology Officer Karen K. Edwards (MBA ’84)
Senior Vice-President, Wealth Management
Ann H. Taylor (MBA ’85), Executive Director, The Darden School Foundation Strategist, Asset Management Advisors
Clifford H. Farrah (MBA ’94)
Trustees of the Darden School Foundation CEO, The Beacon Group
Beverley W. Armstrong (MBA ’66), Vice Chairman, CCA Industries, Inc.
Kirsti W. Goodwin (MBA ’02)
Robert F. Bruner, Dean, Darden Graduate School of Business Administration Associate Director of Investments, University of
John T. Casteen III, President, University of Virginia Richmond—Spider Management Company
Jesse V. Crews (MBA ’77), Managing Director, Fortress Investment Group Mr. Louis K. Gump (MBA ’97)
U. Bertram Ellis, Jr. (MBA ’79), President and CEO, Ellis Communications Group Vice President, The Weather Channel
Thomas Francis Farrell II, Rector, University of Virginia Lisa O. Jones (MBA ’85)
Lawton W. Fitt (MBA ’79), Senior Advisor, GSC Partners President, Pavilion Properties
Palmer P. Garson (MBA ’83), Managing Partner, Jefferson Capital Partners, Ltd. Richard K. Loh (MBA ’96)
William H. Goodwin, Jr. (MBA ’66), Chairman, CCA Industries, Inc. Founder and CEO, Ploh Group Pte. Ltd.
William J. Harvey (MBA ’77), Vice President and General Manager, DuPont Advanced Fiber Systems Jennifer McEnery (MBA ’00)
William A. Hawkins III (MBA ’82), President and COO, Medtronic, Inc. Head of Operations, Small Bus. Card,
Anthony J. Hobson (MBA ’74), Chairman, Northern Foods Capital One Financial Corporation
William I. Huyett, Jr. (MBA ’82), Director, McKinsey & Company Douglas T. Moore (MBA ’80)
Gary T. Jones (MBA ’74), Managing Director, Senior Advisor, Credit Suisse First Boston (retired) Senior Vice President, Chief Merchandising Officer,
Lisa O. Jones (MBA ‘85), President, Pavilion Properties Circuit City Stores, Inc.
Robert D. Landel, Henry E. McWane Professor of Business Administration Kari E. Pitkin-Blanchard (MBA ’97)
Bruce R. Lauritzen, (MBA ’67), Chairman, First National Bank of Omaha Managing Director, Merrill Lynch & Co., Inc.
Douglas R. Lebda, Class of ’98, President and Chief Operating Officer, InterActiveCorp Michael L. Rich (MBA ’92)
H. Eugene Lockhart (MBA ’74), General Partner and Chairman, Diamond Castle Holdings, LLC Senior Marketing Manager, Cisco Systems, Inc.
Madeleine W. Ludlow (MBA ’78), Principal, Ludlow Ward Capital Advisors Mark A. Riser (MBA ’94)
John G. Macfarlane III (MBA ’79), Chief Operating Officer, Tudor Investment Corporation Partner, Hamilton Robinson, LLC
Harry T. Rein (MBA ’73), General Partner, Foundation Medical Partners Avia B. Robinson (MBA ’94)
Douglas A. Scovanner (MBA ’79), Executive Vice President and CFO, Target Corporation Bryan H. Simms (MBA ’94)
Walter E. Shill III (MBA ’86), Global Managing Director, Accenture Senior Vice President, Wealth & Asset Mgmt.
Bryan H. Simms (MBA ’94), Senior Vice President, Wealth & Asset Management, Lehman Brothers Lehman Brothers, Inc.
Henry F. Skelsey (MBA ’84), Managing Partner, PRC Venture Partners, LLC Anand E. Stanley (MBA’03)
C. Ray Smith (MBA ’58), Tipton R. Snavely Professor Emeritus of Business Administration Director, Supplier Development
United Technologies Corporation
E. Follin Smith (MBA ’85), Executive Vice President, Chief Financial
Officer and Chief Administrative Officer, Constellation Energy Group Patrick J. Sweeney II (MBA ’98)
CEO, ODIN Technologies
John R. Strangfeld, Jr. (MBA ’77), Vice Chairman, Prudential Financial
Ann H. Taylor (MBA ’85), Executive Director, The Darden School Foundation Mr. Sergio Waisser (MBA ’98)
Associate Principal, McKinsey & Company
James W. Todd (MBA ’64), President, The Peterson Companies
Carroll M. Warfield (MBA ’81), Managing Director, Thayer Lodging Group Carter V. Whisnand (MBA ’01)
Vice-President, Silvercrest Asset Management
Ronald T. Wilcox, Associate Professor of Business Administration
Group, LLC
From the Dean

Dear Alumnus,
As I told students and their families at Graduation 2007, we have finished another buoyant year
at the Darden School. We saw sharp increases in applications to the school and career placements
for our graduates. We hired five talented new faculty members. Two colleagues, Sherwood Frey
and Mary Margaret Frank received major teaching awards from the University of Virginia. Darden
Executive Education won the coveted #1 Global Ranking in several categories from The Financial
Times in its annual poll in May. Cases, books and articles are in development at our affiliated
Centers of Excellence—The Batten Institute, The Business Roundtable Institute for Corporate
Ethics, The Olsson Center for Applied Ethics, The Tayloe Murphy International Center, and the
Darden-Curry Partnership for Leaders in Education. Darden has momentum. The response from
our alumni and the extended community of Darden friends has been heartwarming. Thank you.
As I tell everyone, standing still is not an option for Darden. We need to sustain our momentum in
all areas. The most frequent question I encounter from alumni is “What can I do to help?” Here
are my top four picks:
• Speak up for Darden. Word-of-mouth recommendation of our school is the single most influen-
tial means by which MBA applicants, corporate partners, new faculty members, and the general
public learn about us. Tell people about your experience here. We are eager to attract top talent
into our community.
• Give us feedback. In particular, we need your ideas about what we can do to raise our game.
This spring a survey was distributed to every Darden alumnus, seeking your feedback on virtu-
ally every aspect of our operations—from the school’s academic mission, rankings and services
to alumni, to the ways your school communicates with you. The results of this survey in tandem
with our other initiatives will help take Darden to a higher level.
• Engage with us. Our many alumni chapters, social events, and programs of lifelong learning,
which you may read about in this issue of Darden magazine, can help you renew your acquain-
tance. If you haven’t got a chapter nearby, form one. If you have ideas for chapter activities,
volunteer to lead.
• Accelerate the Capital Campaign by making a charitable gift to the school.
We have just concluded our two-year celebration of Darden’s 50th anniversary. The end of every
chapter marks an opportunity to move forward to the next act in the Darden story. We are build-
ing a future that will exemplify excellence in business education, while setting the standard in
thought leadership. Your support will make the difference as Darden rises among the finest MBA
programs in the world.

Best Regards,

Robert F. Bruner

www.darden.virginia.edu • 
 Over Coffee

Darden opens the day on Wall Street: from left, Prof. Susan Chaplinsky, Prof. Frank Warnock, Li Wei, NYSE Research, Elizabeth Hupert, Executive Educa-
tion client operations manager, Connie Blackman, NYSE Research, Catherine R. Kinney, NYSE President and Co-COO, Paul Bennet, NYSE Chief Econo-
mist, Dean Robert F. Bruner, Prof. Michael Shill, Prof. Marc Lipson, Pamela Moulton, NYSE Research, Prof. Peter Rodriguez, and Prof. Wei Li.

Dean Bruner Rings NYSE Opening Bell clear explanations of the key metrics for evaluating virtually
Darden Dean Robert Bruner rang The New York Stock every aspect of marketing and sales, including customer per-
Exchange Opening Bell on March 21 to celebrate the 6th ception, product strategy, channel management, promotion,
Annual Emerging Markets Conference, co-sponsored and and revenue and cost structures. The book was co-written
hosted by the NYSE. by David Reibstein and Neil Bendle. Reibstein is Professor
The dean’s conference, “Investment Management in an of Marketing at the Wharton School. Bendle is a doctoral
Evolving Institutional Environment,” ran March 20–21 at student in marketing at the Carlson School of Management,
the NYSE. The conference was organized in partnership with University of Minnesota.
State Street Global Markets, World Bank, and the Research “In a category that suffers from a surfeit of books related
Foundation of the CFA Institute. Robert Shiller, professor to personal experiences, one-off success stories made pos-
of economics at Yale University, was the keynote speaker. sible by budgets and resources unavailable to most firms,
Several Darden faculty and staff were on hand to applaud outdated theories as quaint as bloodletting, or mantras de-
the market opening, which was broadcast live on CNBC at voted to ‘big ideas’ or ‘exceeding expectations,’ 50+ metrics
9:30 a.m. EST. crackles like new money,” writes Strategy + Business writer
Nick Wreden in his “By the numbers” column. “For CEOs
and those in marketing trenches needing accountability, this
Darden Profs’ Marketing is the best marketing book of the year.”
Book ‘Best of the Year’ From a review on the back cover, “Marketing, as a
Strategy + Business magazine hails a function, is under increasing pressure to develop business-
new text by Darden Professors Paul oriented metrics to justify marketing mix investments,”
Farris and Phil Pfeifer as the best writes Anil Menon, vice president of the marketing, systems
marketing book of 2006. and technology group at IBM. “Marketing Metrics offers
In a crowded field of marketing clear advice on how to develop common marketing metrics
tomes, Marketing Metrics: 50 Met- that are relevant and accessible to both marketing and non-
rics Every Executive Should Master marketing decision makers.”
(Wharton School Press 2006) deliv- The book is available in hardcover at major bookstores
ers on its promises. The book offers and through Amazon.com.

 • DARDEN Spring 2007

Alum Donates Defibrillators to Darden
Medtronic COO Bill Hawkins (MBA ’82) has donated four
of his company’s fully automatic, portable defibrillators to
the Darden School.
Hawkins pioneered the technology used in the lifesaving
devices, which are designed for emergency use by the first
person on the scene. The compact units are installed in key
locations around the Darden Grounds. Each device is capable
of electronically diagnosing an individual’s condition and
determining within seconds whether the ailing patient needs
defibrillation or perhaps other emergency care. A built-in
synthetic voice guides the caregiver step-by-step in use of the
equipment, so even Samaritans with minimal first aid train-
ing or emergency experience can deploy the defibrillators to
save a life.
Thirteen members of the Darden community are trained in
using the machines. Several are certified in cardiopulmonary
resuscitation as well.
“I hope you never have to use them, but it’s a good com-
fort thing to have,” Hawkins said during a visit to the school.
Ann Taylor (MBA ’85), executive director of the Darden
School Foundation, thanked Hawkins and Medtronic for
donating the devices. She presented Hawkins with a Darden
School necktie, encouraging the alumnus to “wear it…in
good health.”
With annual revenue of $11.3 billion, Medtronic is the
world’s leading medical technology company.
Hawkins, who is also a Darden Foundation trustee, will
become President and CEO of Minneapolis-based Medtronic
on Aug. 23.
Under the succession plan, current Chairman and CEO
Arthur D. Collins, Jr. will remain a director and chairman
of the board of the medical technology company until the
annual shareholders meeting in August 2008. Collins said
Medtronic was fortunate to have someone of Hawkins’
caliber assume the role of CEO.
Hawkins, 53, was elected president and chief operating
officer of Medtronic in 2004.
Left to Right: David Newkirk, CEO, Executive Education, LaDonna Baker,
director of operations, Executive Education, Bill Hawkins, and Ann
Taylor, Darden School Foundation executive director
Darden Rises in U.S. News Rankings
The latest U.S. News & World Report rankings of America’s
graduate business schools place Darden 12th in the poll.
Darden’s position in the U.S. News poll has improved in
each of the last three years.
In addition to the overall ranking, Darden was
recognized as offering one of the country’s best programs
in management.
“The rankings compiled by U.S. News are quite influen-
tial,” said Darden Dean Bob Bruner. “The fact that we have
improved our standing again shows our many audiences
that we continue to move in the right direction.”
The U.S. News rankings are based primarily on two types
of information. First, data such as job placement rates, test
scores, and salaries are considered. Second, the perception
of each school among business school leaders is measured
and calculated.
Profs. Frey, Frank Win Major UVA Awards
Darden Professors
Sherwood Frey Jr. and
Mary Margaret Frank
won prestigious teach-
ing awards this spring
from the University of
Virginia.
Frey is the win-
ner of the premiere
Excellence in Faculty
Mentoring Award,
given in recognition of
his outstanding dedica-
tion in helping junior
faculty members suc-
ceed at the university,
especially across de-
partmental and school
boundaries. Frey joined the Darden faculty nearly 30 years
ago and is renowned not only for his skill in inspiring and
teaching students, but for his public service and dedication
to the broader university mission. Frey’s expertise includes
bargaining and negotiating, decision analysis and risk
management. Frey is a past recipient of the All-University
Award.
The All-University Teaching Award was given to Frank
for her superb talents in the classroom, as well as research
and service accomplishments. The annual award is one of
only nine presented to UVA faculty of whom there are more
than 2,100.
Frank joined the Darden faculty in 2002 and has estab-
lished her expertise in the areas of mergers and acquisitions,
corporate formation, and compensation and tax planning.
www.darden.virginia.edu • 
 News Briefs

Mad Money comes to Darden

Darden students rocked Abbott Center Auditorium Feb. 7 White noted that Darden’s Communication & Marketing
during a special broadcast of CNBC’s Mad Money with team worked for a year to attract CNBC to Grounds and to
Jim Cramer. Punctuated by a chorus of “Wahoo-wa!” and arrange Cramer’s visit for an on-site broadcast of his popular
Cramer’s signature, “Booyah!,” the packed auditorium show.
listened to stock tips from the popular investor and soaked C&M assisted with logistics for the occasion, coordinated
up the atmosphere of his high-energy show. news media on hand to cover the events, publicized Cramer’s
Cramer prognosticated on the growth prospects of two visit, and made the investor and his entourage feel a part of
popular stocks: Crocs, a shoe manufacturer, and Under the Darden community.
Armour, which makes sports apparel. The show was a “We are proud to have Cramer visit and broadcast his
boisterous whirl of sound and swirling light, with a standing- show from Darden Grounds, as he is precisely the sort of
room-only crowd clearly pumped up for the event. on-air personality who appeals not only to one of our key
Cramer said Darden students and staff are the best he has constituencies—current students—but prospective students
worked with on his Back to School tour. Darden was the first as well,” White said. Full coverage of this special event, plus
stop of the tour this year. a slide show of images and select video clips are available
His enthusiasm was contagious throughout the day. Cra- at: www.darden.virginia.edu by clicking on more news and
mer joined Darden students at the traditional First Coffee, scrolling to the Feb. 12 item, “Complete Coverage of Mad
where he autographed more than 150 copies of his latest Money at Darden.”
book and met with nearly 300 people, chatting to each one
individually. A day earlier, he visited students in class and
later gave an advance preview of his show with an interview
on the Darden Grounds.
Darden alumni also got in on the action. Alumni chapters
throughout the country held viewing parties to watch the
program, broadcast at 6 p.m. eastern and repeated at 11
p.m.
“This was a terrific event to showcase all that Darden has
to offer, both for our students and special guests,” said Ken
White, Darden’s Vice President of Communication and Mar-
keting. “For cutting-edge business education, supplemented by
guest speakers representing the best names in the business and
academic communities, clearly, Darden is the place to be.”

 • DARDEN Spring 2007


Around Darden:
Communication & Marketing,
Mad Money’s Cramer Connects with Darden
I spent my twenties as a television sports anchor and reporter. It
was a terrific job and I enjoyed meeting the athletes and celebrities
associated with sports.
One day I was a kid growing up in Pittsburgh, then the next I was
in the Steelers locker room interviewing future Hall of Famers Terry
Bradshaw, Franco Harris, and Jack Lambert. Back then, almost
without exception, the athletes were great to work with.
But that was the 1980s. Times have changed. While there are
“good guys,” the number of celebrities who treat their fans poorly
today seems to be growing. Many of them just don’t get it.
But in February, Darden hosted a “celebrity” who does get it. Bet-
ter than just about anyone I have ever seen. CNBC brought its popu-
lar television program, Mad Money with Jim Cramer to Darden. The
program was taped in a packed Abbott Center Auditorium in the af-
ternoon and, minutes later, it was airing all over the world. Our team
in Communication & Marketing worked for a year to attract CNBC
to Grounds and to arrange Cramer’s visit for an on-site broadcast of
his popular show. It was worth it.
Cramer is not like the mad-man persona he affects on television.
He is definitely passionate but he is also a caring, soft-spoken man
who has made a special connection with his audience of mostly
twenty-somethings who work in the corporate world. I have seen
sports fans get wildly excited when meeting athletes, but when
Darden students met Cramer it was different. There was some sort
of special bond there. He wants them to understand how to make
and save money, and they appreciate that.
He spent two days at Darden repeatedly asking to meet our
students. He attended First Coffee where he shook hands, posed for
photos, signed autographs, and told everyone about his family. He
stayed until he met all 175 people in line. Then, he visited a class
where he talked and answered questions for more than an hour.
During his program, instead of taking breaks when going to com-
mercials, Cramer continued to talk and answer questions from his
mostly-student audience.
After the one-hour taping he remained on stage where, again, he
fielded questions. Finally, he spoke to each of the 100 people invited
to an after-show gathering.
It was refreshing to see someone in the spotlight treat his fans
the way Jim Cramer did. It was also exciting to watch our students
react. They had a wonderful time being a part of the broadcast and
meeting one of the good guys.
Ken White
Vice President, Communication & Marketing
434.924.3220
WhiteK@Darden.Virginia.edu
Darden Ibmec Deal
The Darden School and Ibmec São Paulo in Brazil signed
a letter of intent for a collaborative relationship starting in
February.
The schools expect to produce business and management
teaching materials; enhance the academic experiences of
faculty; create opportunities for international exposure for
students from both schools; develop joint programs; and
share information regarding faculty development, content
and format of programs, pedagogical methods, and enhance
the competencies and skills of the students.
Darden Dean Robert Bruner met with Ibmec President
Claudio Haddad on Feb. 5 in São Paulo, where they signed
the formal letter of intent. During his mission to Brazil, Dean
Bruner also met with Darden alumni, as well as corporate
and government leaders.
Darden and Ibmec will develop initiatives in joint faculty
research and case writing, prepare exchange programs
for graduate students, collaborate on executive education
programs; invite scholars to participate in conferences and
lectures; and license published materials. Darden’s Tayloe
Murphy Center-International has been instrumental in
establishing this collaborative relationship with Ibmec.
Ibmec is one of the most prestigious b-schools in Latin
America, noted especially for its finance segment and execu-
tive education programs. With its estimated 186 million
inhabitants, Brazil has the largest population in Latin America
and ranks fifth in the world. The majority of people live in the
south-central area, which includes the industrial cities of Sao
Paulo, Rio de Janeiro, and Belo Horizonte. Urban growth has
been rapid; by 2005, 81% of the total population was living
in urban areas.
Education Veteran to Head Partnership
A commissioner of the National Commis-
sion on No Child Left Behind in April was
named executive director of the Darden/
Curry Partnership for Leaders in Education
(PLE).
James L. Pughsley will lead the partner-
ship between Darden and the Curry School
of Education, bringing together the most advanced thinking
in business and education to meet the unique demands of
managing and governing school systems to accelerate student
achievement. The PLE has received national recognition for its
School Turnaround Specialist Program.
In 2002, Pughsley became superintendent of the nation’s
23rd largest school system, the Charlotte-Mecklenburg system
in North Carolina. He made significant strides in improving
day-to-day operations and the long range vision for the sys-
tem. An Arizona native, Pughsley earned his bachelor’s degree
from Northern Arizona University and his master’s and doc-
torate from the University of Arizona.
www.darden.virginia.edu • 
News Briefs: Speakers at Darden
GE Chairman, CEO Speaks at Darden
General Electric Chairman and CEO Jeffrey Immelt urged
Darden students to be fearless global innovators as they
chart their careers.
GE’s top executive spoke last fall to a capacity crowd
on the challenges of “Leadership, Innovation and
Growth.” All are key drivers of GE’s global success in the
five years since Immelt was named chairman and CEO.
Running a massive corporation today, Immelt said, is
particularly challenging in this slow-growth environment.
The overarching goal at GE is to use the corporation’s size
to be a great company, not merely a big company. That
requires a limber organizational structure unencumbered
by layers of bureaucracy, which Immelt has worked to
simplify.
The corporation continues to make big investments in
sales and marketing, while devoting $1 billion annually
on training for GE’s 320,000-plus workforce. About half
the corporation’s operations are outside the United States,
so continued global expansion will remain part of GE’s
strategic growth plan.
“The era of professional management is dead,” he
declared. “The future is growth leadership.”
To prepare, he advised Darden students to gain exper-
tise in six key areas:
 • DARDEN Spring 2007
• Be a fearless globalist and explore new opportunities
wherever they exist.
• View leadership from the perspective of innovation and
product management
• Simplify. “Doing things simply is a lot harder than doing
them in a complicated way,” he said. But simplification
saves time and increases efficiency, while allowing for the
free flow of ideas.
• Be a salesman. In the digital age companies will sell fewer
things to more people. Guessing correctly what those
things will be and determining how to sell them will be a
hallmark of the successful executive.
• Be a good student of organizational behavior. This helps
maintain loyalty, while giving talented individuals a rea-
son to stay at the company. “Convince them your vision is
their vision,” Immelt said.
• Build trust. “Take care of your workforce,” the executive
said.
“You’ve had two years of being a CEO with no conse-
quences,” he told the Second Year students. “Everybody in
this room has the capability to do my job. You’ve gotten
a great education and have the opportunity to go out and
act on it. The question is, will you? You’ve got to believe in
your company and yourself.”
In 2005 and 2006, Barron’s magazine named Immelt one
of the World’s Best CEO’s.
Darden Health Care Conference
Medtronic continues to drive growth through invention
and innovation against a changing international landscape
of tighter government regulations and fierce competition in
the medical technology industry, the company president and
chief operating officer told Darden students in April.
William Hawkins (MBA ’82), was the keynote speaker at
the annual Darden Health Care Conference. He discussed,
“New Strategies for Innovation in the Life Sciences.”
Hawkins, who is also a Darden Trustee, will become
Medtronic’s CEO in August following the annual share-
holder meeting.
“Innovation, translating ideas into action, is at the center
of my company’s success,” Hawkins said. The company
holds the top market position in virtually all of its business
lines, and has posted 20 consecutive years of growth to
reach $2.5 billion in net profit for 2006.
Most new Medtronic products are physician-initiated
and many of the ideas originate outside the United States,
the executive said. Invention comes through conceiving and
developing ideas into viable medical solutions, while innova-
tion is the process of developing new applications for those
solutions.
Market demands require a steady stream of solutions.
“Two-thirds of our revenues are from products intro-
duced in the last two years,” Hawkins said. Competition has

William Hawkins (MBA ’82), president and COO, Medtronic was the key-
note speaker at the annual Darden Health Care Conference.
become so ferocious that Medtronic must completely turn
over its products in various business lines about every three
years.
While invention and innovation often come from within,
Medtronic also maintains a disciplined approach to acquisi-
tions, Hawkins said. The criteria include a precise strategic
and cultural fit, access to proprietary technology, clear clinical
evidence of a product’s efficacy, and market attractiveness.
More stringent government regulations across the Eu-
ropean Union, China and Japan are changing the industry,
Hawkins added, saying that government protocols on new
medical technologies continue to pose a challenge for bring-
ing cost-effective products to the marketplace.
With annual revenues of $11.3 billion in 2006,
Medtronic is the global leader in medical technology for
alleviating pain, restoring health, and extending life for mil-
lions of people around the world. The company is on target
to exceed revenues of $12 billion this year.
Lenovo Exec Outlines Growth Strategy
The chief operating officer of China-based Lenovo told
Darden students that the company’s commitment to in-
novation was the key to the successful acquisition of IBM’s
personal computer division.
Frances O’Sullivan, who is also senior vice president of
the Lenovo Product Group, was the keynote speaker of the
2007 Asian Business Conference at Darden. She discussed
the strategy of the Lenovo-IBM partnership while under-
scoring the challenges of growing market share and building
brand awareness on an international scale.
Lenovo acquired Big Blue’s PC Division four years ago
in a $1.75 billion deal. At that time Lenovo had annual rev-
enues of $3 billion, compared to the acquisition, which was
posting revenues of $10 billion a year. Today Lenovo is now
recognized as the preeminent Chinese multinational compet-
ing in a global market place.
O’Sullivan compared the challenge of merging IBM’s PC
unit to “changing the fan belt while the engine is running.”
Lenovo did not want to lose the momentum it had achieved
as the No. 1 IT company in China. The acquisition itself
made perfect sense, since IBM ranks third among PC com-
panies worldwide, O’Sullivan added, saying both companies
maintain a deep commitment to innovation.
Universal Studios President Talks
Show Business
Ron Meyer said “no” to Titanic.
The president and chief operating officer of Universal
Studios told Darden students in March that he passed on an
opportunity 11 years ago to make director James Cameron’s
multiple Oscar-winning film—a picture which still ranks
today as the worldwide top-grossing picture in the history of
cinema.
“I turned him down,” Meyer said, recalling when Cam-
eron brought the project to Universal for a possible produc-
tion deal. “I’m just now getting over it. Titanic is the highest
grossing film of all time. I’m just now healing.”
Meyer smiled and shook his head slightly.
The anecdote served as an illustration of risk analysis in
the film business, although Meyer conceded that losing money
on a flop film is more common than saying no to an eventual
blockbuster before it is produced.
“With all of our expertise and knowledge, it’s still a crap
shoot,” he said. “It’s just like throwing all your money on the
tables in Las Vegas.” That said, he told the students “nobody
at any studio in the history of the film business ever set out to
make a (lousy) movie.”
Today, the challenges facing the head of a major studio
include hiring the best creative talent to evaluate potential
projects, while protecting intellectual property from pilfering
by pirates. One Darden student, recently returned from a visit
to China, remarked on how bootleg DVD copies of Casino
Royale, the most recent James Bond film, were available from
street peddlers for about $1. The movie was on the streets in
China before its official DVD release on March 13.
Meyer was candid in his assessment of the problem, which
costs U.S. studios billions of dollars annually in lost revenue.
“We’re not going to stop it,” he declared. “We’re trying to
minimize it. We have to make our product better and more
affordable, with extra features (added-value DVD content).”
Meyer was appointed president and COO of Universal in
August 1995. During his 11-year tenure, Universal has pro-
duced such profitable hit films as American Pie, The Bourne
Identity and 8 Mile. Meyer has said in interviews that profits
from these blockbusters help fund smaller art house pictures,
including Roman Polanski’s 2002 Oscar-winning film, The
Pianist.
www.darden.virginia.edu • 
News Briefs
Darden’s Luckiest Student Makes a Choice
From left: ‘the bankers,’ Professors Anton Ovchinnikov and Casey Lich-
tendahl, Hideki Inoue and Professor Sam Bodily .
Darden’s Luckiest Student discovered that nothing lasts
forever as his final bid for a cash prize yielded only applause
for his sportsmanship.
First Year student Hideki Inoue survived more than a
week of random eliminations in February to be named
Darden’s Luckiest Student, which gave him a shot at a
$17,500 scholarship—a random act of kindness from an
anonymous benefactor of the Darden School.
Ah, but cruel fate befell Inoue as he rejected a guaranteed
cash offer of $5,679 to take a chance on a $17,500 windfall.
Dressed in the ancestral Samurai garb of his native Japan,
Inoue boldly asserted that he would instead choose between
two identical briefcases. One contained the lucky prize, the
other contained only air.
Inoue made his selection. The crowd grew silent. He
released the spring clasps on the top of the case. And opened
New Trustees Elected to the Darden Foundation Board at Spring Meeting
The Darden School Foundation Trustees in April organized a
seamless succession of leadership by announcing the appoint-
ment of John G. Macfarlane III (MBA ’79) to a two-year term
as Chairman. Having served for two years as President of the
Board, John succeeds William H. Goodwin, Jr. (MBA ’66) who
will continue to serve as a trustee in the Foundation’s gover-
nance.
Macfarlane is the Chief Operating Officer of Greenwich, CT-
based Tudor Investment Corp. John has served on the Darden
School Foundation Board of Trustees since 2001. He also serves
on the board of the University of Virginia Investment Manage-
ment Company (UVIMCO).
The Board also appointed John R. Strangfeld, Jr. (MBA ’77)
to succeed Macfarlane as president. Strangfeld is Vice Chair-
man of Prudential Financial and is responsible for all domestic
businesses including the Investment and Insurance Divisions.
He has been with Prudential since graduating from Darden 30
years ago. Strangfeld has served on the Darden School Foun-
dation board of trustees since 2003.
10 • DARDEN Spring 2007
the lid to reveal…nothing. Just a briefcase full of blues. The
other case, the one Inoue did not choose, was promptly
opened. Inside, tantalizing, almost taunting, was a card
emblazoned with the numerals: $17,500.
Such is the inscrutable nature of luck. Inoue bowed with
good grace and was rewarded with applause from his fellow
students.
Professor Sam Bodily, who served as emcee of the
weeklong Luckiest Student event, observed that Inoue, at
the end of the day, was no more or less lucky than any of his
fellow students. With the prize still in hand, Bodily said the
event would be held again next year to gauge the vagaries of
luck and random events.
The Random Act of Kindness experience for Darden’s
Luckiest Student was part of an ongoing research experi-
ment being conducted by professors Bodily and Phil Pfeifer,
who conceived the event. The Random Act of Kindness pro-
vided students an opportunity to ponder the role that ran-
domness and the abstraction of luck plays in business life.
First Year Students were chosen and gradually eliminated
from the event in entirely random and varying fashion.
While students in First Year Decision Analysis discuss the
issue of uncertainty when studying
cases about real companies, A
Random Act of Kindness moved the
analysis beyond the theoretical into
the realm of actual consequences,
where the stakes were real. Factors
such as risk tolerance and the
statistics of chance came into play
as the student decided whether to
go literally for the gold, or take a
guaranteed amount from the banker.
These appointments are effective July 1, 2007.
Five new trustees will also join the Foundation Board on July 1:
Tom Baltimore Jr. (MBA ’91) is co-founder and president of
RLJ Development, a privately held real estate investment
company.
Peter D. Kiernan (MBA ’79) is president and a partner in
Cyrus Capital, an investment firm. He was personally chosen by
the widow of Christopher Reeve to be chairman of the Christo-
pher Reeve Foundation.
Philip W. Knisely (MBA ’78) is executive vice president of
the Danaher Corp., one of the leading manufacturers of elec-
tronic testing equipment, instrumentation and motor-control
systems.
Elizabeth K. Weymouth (MBA ’94) is managing director at
JP Morgan where she runs the firm’s largest group: the North-
east Private Banking Group.
Kenneth M. Eades, professor of business administration, is
the new faculty member on the Board of Trustees.

Corporate Sponsors Program
Building mutually beneficial partnerships with
recruiting companies
Since enrolling its first class in 1955, Darden has set out
to develop leaders who help companies grow, prosper and
capitalize on new opportunities. That’s why every year hun-
dreds of top Fortune 500 companies seek to recruit Darden
students. It also explains why many of these companies
decide to join the Corporate Sponsors Program.
Darden’s Corporate Sponsors Program is designed to
give recruiting companies a competitive edge and help
them attract the best and brightest students. As the most
visible and active companies at Darden, Corporate Sponsors
receive a number of exclusive perks, including priority reg-
istration for interviewing First and Second Years, top priority
for hosting popular student events, such as First Coffee, and
special recognition in publications, such as The Cold Call
Chronicle.
Now for the first time, Darden is offering Corporate
Sponsors at the $12,500 level and above an opportunity to
be featured in Darden magazine. The next issue of Darden
will recognize each top sponsor with a full-page announce-
ment. Distributed to more than 15,000 current and prospec-
tive students, alumni, faculty, and corporate partners, this
will increase our Corporate Sponsors’ visibility throughout
the business community.
Like the Annual Fund, the Corporate Sponsors Program
is one of Darden’s primary sources of unrestricted dollars. It
gives the school the flexibility to respond to the changing
and highly competitive environment of graduate business
education. Funds generated from the program enable the
school to underwrite many of its daily operating activities,
including curriculum development, faculty research and
library resources.
The Darden School thanks its Corporate Sponsors for
their continued generosity and commitment.
For more information on how to become a Corporate
Sponsor, please contact the Office of Corporate & Foun-
dation Relations at (434) 924-6576 or carmanj@darden.
virginia.edu.
Around Darden:
Development
In early May, I attended the annual meeting of Berkshire Hathaway
investors in Omaha and was struck by the pervasive spirit of
ownership. Collectively, owners are powerful forces in a constituency.
Individually, they distinguish themselves from other members by their
understanding of the organization’s current state and their active
interest in its future. Owners take the long view and see themselves as
integral players, directly influencing success.
While I am not a Berkshire Hathaway investor, I traveled with a
select group of Darden Capital Management students to the Berkshire
Hathaway Annual Shareholders Conference hosted by Warren Buffett.
Each year, Omaha native and Darden Trustee Bruce Lauritzen (MBA
’67), generously sponsors Darden Capital Management students to
participate in this unique gathering of the Buffett faithful and loyal
investors. Bruce welcomed our Darden contingent over lunch in the
First National Bank of Omaha’s 40th floor dining room where he
previewed the annual meeting and offered an oral history of Berkshire
Hathaway, his friend Warren Buffett and Omaha.
Early the next morning, we joined investors as they filled the
Qwest Center to see a film about their company, pose questions to
Mr. Buffett and his business partner, Charlie Munger, and attend the
“official meeting,” which lasted only 15 minutes. Far different from
other corporate annual meetings, here 20,000-plus attendees reunited
with fellow investors and engaged in the life of their company for
three days. From my outsider’s perspective, Berkshire Hathaway
management embraces their investors as long-term owners whose
active interest strengthens the venture.
Observing this, I was reminded that ownership is not limited to
investors in the private sector. Those who give their resources, time,
and wisdom to colleges, museums, churches, and other not-for-profit
institutions are powerful forces. The success of an organization is the
return they seek for their gifts.
Last April, 62 donors who generously endow and support
scholarships, returned to Darden for the annual 2007 scholarship
dinner, hosted in Flagler Courtyard by the Foundation Board of
Trustees. They spent a delightful evening with student scholarship
recipients, their families, scholarship selection committee faculty,
and trustees—in all, about 325 members of the Darden community.
Students talked about their classroom experiences, summer
internships, and career plans. In response, alumni offered counsel,
encouragement, and wonderful stories about their own experiences.
They enjoyed meeting the recipients of their scholarships and saw
readily the long-term, far-reaching impact of their gifts. Indeed, it was
gratifying to see their ownership.
The Campaign for Darden is composed of projects that will support
outstanding students, dynamic faculty, and ambitious programs. As
we seek new resources to advance the School’s mission, strengthen
its brand, and expand its influence in the world of practical affairs, we
will draw on the spirit of ownership that distinguishes Darden alumni.
Jay Gundy
Vice President, Development
434-924-4874
gundyj@darden.virginia.edu
www.darden.virginia.edu • 11
Faculty Files
Books
Brandt R. Allen and
Luann J. Lynch: The
Executive’s Guide Seeking Social Movements: The Case
to Management of Strategic Management” Academy of
Accounting and
Control Systems,
Seventh Edition,
Thomson Learning.
John L. Colley, Jr., Jacqueline L. Doyle,
D. Robley Wood, Jr., and Wallace
Stettinuis: How to Plan and Execute
Strategy, translated into Indonesian,
McGraw-Hill Companies and P.T.
Media Global Edukasi, Jakarta,
Indonesia, 2006.
Olaf Plötner and Robert E. Spekman
(Editors), Bring-
ing Technology to
Market, John Wiley
& Sons, Germany,
March 2007.
R. Edward Freeman,
Jeffrey Harrison,
and Andrew C.
Wicks: Managing
for Stakeholders,
New Haven: Yale University Press;
forthcoming., E. Freeman, G. Rusconi,
and M. Dorigatti (Editors) Gregory B. Fairchild
Stakeholder Theory, published in Ital-
ian, Milan: Franco Angeli Milano and
Fondazione Acli Milanesi; forthcoming.
Saras D. Sarasvathy and Sankaran
Venkataraman: Made, as Well as
Found: Researching Entrepreneurship
as a Science of the Artificial, Yale Uni-
versity Press; forthcoming.
Sarasvathy: Effectuation: Elements of
Entrepreneurial Expertise, Edward El-
gar, New Horizons in Entrepreneurship
Series; forthcoming.
Patricia Werhane, Margaret Posig,
Lisa Gundry, Laurel Ofstein, and
Elizabeth Powell: Women in Business:
The Changing Face of Leadership,
Westport CT: Praeger; forthcoming.
12 • DARDEN Spring 2007
Publications
Don Hambrick and Ming-Jer Chen
“New Academic Fields as Admittance-
Management Review, forthcoming.
Nag, Rajiv, Donald C. Hambrick and
Ming-Jer Chen
“What is Strategic Management,
Really? Empirical Induction of A Con-
sensus Definition of the Field,” Strate-
gic Management Journal, forthcoming.
Ming-Jer Chen
“Reconceptualizing the Competition-
Cooperation Relationship: A Transpar-
adox Perspective,” Journal of Manage-
ment Inquiry, forthcoming.
Ming-Jer Chen, Kuo-Hsien Su, and
Wenpin Tsai
“Competitive Tension: The Awareness-
Motivation-Capability Perspective”
Academy of Management Journal, Vol.
50, No. 1, February 2007, 101-118.
Gregory B. Fairchild 
“Residential Segregation Influences
on the Likelihood of Being Self-
Employed,” Entrepreneurship Theory
and Practice, forthcoming.
“Residential Segregation Influences
on the Likelihood of Black and White
Self-Employment,” Journal of Business
Venturing, forthcoming.
Gregory B. Fairchild
“The Influence of Residential Segre-
gation and its Correlates on Ethnic
Enterprise in Urban Areas,” Journal of
Business Venturing, forthcoming.
Mary Margaret Frank, James Porterba,  Marc L. Lipson, Sandra Mortal
Doug Shackelford, John Shoven
“The Costs of Mandated Financial Dis-
closure: Evidence from Mutual Funds,”
Journal of Law and Economics, forth-
coming.
R. Edward Freeman
“The Stakeholder Effect,” Academy of
Management Perspectives, forthcoming.
R. Edward Freeman, J. McVea
“Stakeholder Theory: The State of the
Art,” Tijdschrift voor Economie en
Management, forthcoming.
Jared Harris, Philip Bromiley
“Incentives to Cheat: The Influence
of Executive Compensation and Firm
Performance on Financial Misrepresen-
tation,” Organization Science, forth-
coming.
Erika H. James, Peggy M. Lee
“She-E-Os: Gender Effects and stock
Price Reactions to the Announcement
of Top Executive Appointments,”
Strategic Management Journal, Vol. 28,
No. 3, March 2007, 227-241.
Erika H. James,  L. P. Wooten
“Diversity Crisis: How Firms Manage
Discrimination Lawsuits,” Academy of
Management Journal, Vol. 49, No. 6,
December 2006, 1103-1118.
Tim Laseter, K. Boyer, J. Rungtusan-
atham, E. Rabinovich, “Backroom
Operations on the Front Burner: Three
Critical Issues in Internet Retailing,”
Sloan Management Review, forthcom-
ing.
D. Mollenkopf, E. Rabinovich, Tim
Laseter, K. Boyer, “Managing Internet
Product Returns: A Focus on Effective
Service Management, Decision Sci-
ences, forthcoming.
Rob Cross, Tim Laseter, Andrew
Parker, Guillermo Velasquez
“Using Social Network Analysis to
Improve Communities of Practice, Cali-
fornia Management Review, Vol. 49,
No. 1, Fall 2006.
Jeanne M. Liedtka, R. Friedel, “Pos-
sibility Thinking: Lessons from
Breakthrough Engineering,” Journal of
Business Strategy, forthcoming.
“Liquidity and Firm Characteristics:
Evidence from Mergers and Acquisi-
tions,” Journal of Financial Markets,
forthcoming.
Paul Irvine, Marc L. Lipson, 
W. Anderson Puckett “Tipping,” Re-
view of Financial Studies, forthcoming.
Marc L. Lipson, Sandra Mortal
“The Effect of Stock Splits on Clien-
tele: Is Tick Size Relevant,” Journal of
Corporate Financing, Vol. 12, No. 5,
December 2006, 878-896.
Luann Lynch, M. E. Carter, A. I. Tuna,
“The Role of Accounting in the Design
of CEO Equity Compensation,” The
Accounting Review, forthcoming.
Ryan W. Quinn, W. Brockbank,
“The Development of Strategic Human
Resource Professionals at BAE Sys-
tems,” Human Resource Management,
Vol. 45, No. 3, Fall 2006, 477-494.
Peter Rodriguez, Donald S. Siegel, Amy
Hillman, Lorraine Eden,
“Three Lenses on the Multinational En-
terprise: Politics, Corruption, and Cor-
porate Social Responsibility,” Journal
of International Business Studies, Vol.
37, No. 6, November 2006, 733-746.
Mary Jo Hatch, James Rubin,
“The Hermeneutics of Branding,” Jour-
nal of Brand Management, Vol. 14, No.
1/2, September 2006, 40-59.
Saras Sarasvathy, Nicholas Dew,
“Innovations, Stakeholders, and Entre-
preneurship, Journal of Business Ethics,
forthcoming.
Saras Sarasvathy, Nicholas Dew, Stuart
Read, R. Wiltbank, “A Behavioral
Theory of the Entrepreneuerial Firm,”
Journal of Economic Behavior and Or-
ganization, forthcoming.
Matthew McBrady, Michael J. Schill
“Foreign Currency Denominated Bor-
rowing in the Absence of Operating
Incentives,” Journal of Financial Eco-
nomics, forthcoming.
D. Eric Boyd, Robert E. Spekman, John
Kamauff, Patricia H. Werhane,
“Corporate Social Responsibility in
Global Supply Chains: A Procedural
Justice Perspective,” Long Range Plan-
ning, forthcoming.
Michael E. Porter, Elizabeth Olmsted
Teisberg, “How Physicians Can Change
the Future of Health Care,” Journal
of the American Medical Association,
forthcoming.
Rajkumar Venkatesan, “The Impact
of Customer-Firm Interaction Charac-
teristics on Multichannel Shopping,”
Journal of Marketing, forthcoming.
Paul D. Berger, Naras Eechambadi  Legacy for Ethics and Economics,”
Morris George, Donald R. Lehmann,  Tijdschrift voor Economie en Manage-
Ross Rizley, Rajkumar Venkatesan
“From CLV to Shareholder Value:
Theory, Empirical Evidence, and Issues
for Future Research, Journal of Services
Research, forthcoming.
Rajkumar Venkatesan, Kumar Mehta,  Commitment,” Business Ethics Quar-
Ravi Bapna,“Do Market Character-
istics Impact the Influence of Retailer
Characteristics on Online Prices?,”
Journal of Retailing, forthcoming.
Rajkumar Venkatesan, Kumar Mehta,  tion, Customer Retention, and Their
Ravi Bapna, “When the Going Gets
Tough the Good Get Going: Under-
standing the Confluence of Retailer
Characteristics, Market Characteristics,
and Online Pricing Strategies,” Deci-
sion Support Systems, forthcoming.
Rajkumar Venkatesan, V. Kumar, 
Timothy Bohling, “Optimal CRM Us-
ing Bayesian Decision Theory,” Journal
of Marketing Research, forthcoming.
V. Kumar, Denish Shah, Rajkumar Ven-
katesan, “Managing Retailer Profitabil-
ity—One Customer at a Time,” Journal
of Retailing, forthcoming.
John D. Burger, Francis E. Warnock
“Foreign Participation in Local Cur-
rency Bond Markets,” Review of Fi-
nancial Economics, forthcoming.
Hali Edison, Francis E. Warnock
“Cross-Border Listings, Capital Con-
trols, and Equity Flows to Emerging
Markets, Journal of International
Money and Finance, forthcoming.
Patricia H. Werhane, “Women Leaders
in Global Corporations,” Journal of
Business Ethics, forthcoming.
Patricia H. Werhane, “Mental Models,
Moral Imagination and Systems Think-
ing in the Age of Globalization,” Jour-
nal of Business Ethics, forthcoming.
Patricia H. Werhane, “Access, Re-
sponsibility, and Funding: A Systems
Thinking Approach to Universal Access
to Oral Health,” Journal of Dental
Education, Vol. 70, No. 11, November
2006, 1184-1195.
Patricia H. Werhane, “Adam Smith’s
ment, LI, 2006, 199-212.
Jerry Goodstein, Andrew C. Wicks,
“Corporate and Stakeholder Respon-
sibility: A New Foundation for Stake-
holder Theory and Firm-Stakeholder
terly, forthcoming.
Baohong Sun, Ronald T. Wilcox, Ting
Zhu, “Ignoring Your Best Cusomter?
An Investigation of Customer Satisfac-
Financial Impact,” Journal of Relation-
ship Marketing,
forthcoming.
Faculty Win Wachovia Awards
Four distinguished members of the
Darden faculty received Wachovia
Awards for excellence in writing.
Each year the Darden Research and
Course Development Committee pres-
ents the Wachovia Awards to recognize
faculty excellence. The awards alternate
each year between excellence in course
materials and excellence in research.
The Wachovia Awards recognize work
that is particularly outstanding and re-
flects well on the reputation and larger
mission of the school. Each winner
receives a plaque and an honorarium.
This year was noteworthy in that the
committee had an outstanding array
of nominations—perhaps the finest the
school has ever seen, particularly in the
quality of the submissions, but also in
the overall number of works. “We are
particularly proud of this, given that
this array of work will certainly bolster
Darden’s reputation in terms of intel-
lectual capital and suggests the school
is on a positive trajectory in this area,”
says Professor Andrew Wicks, chair-
man of the committee.
Significant Publication in a Peer
Reviewed Journal
Winner:
Asst. Professor Mary Margaret Frank
Authors: Mary Margaret Frank,
James M. Poterba, Douglas A.
Shackleford, and John B. Shoven.
(continued on page 14)
www.darden.virginia.edu • 13
Faculty Files
“Copycat Funds: Information Disclosure Regulation and
the Returns to Active Management in the Mutual Fund
Industry,” Journal of Law and Economics, Vol. XLVII
[October 2004]: 515-541.
Winner: Professor Ronald T. Wilcox
Authors: Shibo Li, Baohong Sun and Ronald T. Wilcox.
“Cross-Selling Sequentially Ordered Products: An Appli-
cation to Consumer Banking Services” Journal of Market-
ing Research, Vol. XLII [May 2005]: 233-239.
Significant Publication in a Book Form
Winner: Assoc. Professor Elizabeth Olmsted Teisberg
Authors: Michael E. Porter and Elizabeth Olmsted resident of Westminster-Can-
Teisberg.
Redefining Health Care: Creating Value-Based Competi-
tion on Results. Harvard Business School Press, 2006.
Significant Publication Aimed at the Practicing Manager
Winner: Professor Jeanne Liedtka
Authors: Rob Cross, Jeanne Liedtka, and Leigh Weiss.
“A Practical Guide to Social Networks,” Harvard Busi-
ness Review [March 2005]: 1-9.
Inaugural Genovese Fellows Reunion
Genovese Fellows gathered in April on the Darden Grounds
for the first time since the inception of the program 16 years
ago by Visiting Professor Frank Genovese (MBA ’74). Frank
and his wife Susan were generous hosts and the group met
at the Abbott Center during reunion weekend. Several fac-
ulty members participated in the lunch celebration, includ-
ing Dean Bob Bruner and Professor John Colley.
Genovese endowed the program to aid students who
wish to pursue careers in general management, a path that
mirrors his own experience. In the years since the program
began, 41 Darden students have received fellowships total-
ing more than $1.3 million. Of the 37 fellowship students
already graduated, today 21 are general managers or already
own their companies.
From left: Erica and Mike Lorence (MBA ‘07) and Jim Zuffletti (MBA ‘05) at
the Genovese Fellows Reunion.
14 • DARDEN Spring 2007
In Memoriam
Former Dean Haigh Dies;
Led School in Early ’80s.
Former Darden School Dean Robert Haigh died in
December. He was 80.
A Distinguished Professor of Business Administration,
Haigh became the third dean of the school in 1980 and
served until 1982. He was also director of the Tayloe
Murphy International Business
Studies Center.
Following his retirement,
in later years Haigh was a
terbury Retirement Village in
Charlottesville. He was also
coping with Parkinson’s disease.
In 1980 Haigh was a visiting
professor to Darden before he
was recommended to succeed
Dean C. Stewart Sheppard.
Haigh brought knowledge of both industry and academia
to the table and was described as a ‘dream dean” by a
Washington Post reporter.
One of his first actions to raise the school’s interna-
tional profile was to bolster Darden’s research efforts. He
also restructured the dean’s office, expanded the school’s
fundraising goals to meet the school’s vision, and he en-
hanced the doctoral program. The objective was to grow
the PhD program to at least 30 students, further stimulat-
ing research while attracting top faculty to the school.
Haigh also appointed a committee that laid the ground-
work for Darden’s eventual physical expansion into the
Grounds and facilities that students enjoy today.
Ill health led to his early resignation as dean in 1982.
He received his MBA and doctoral degrees from Har-
vard Business School, later becoming president of Stan-
dard Oil of Ohio’s Chemicals and Plastics Group, and
Xerox’s Educational Publishing and Information Services
Group.
Outside his field of international business, Haigh
and four fellow members of the First Presbyterian
Church ran a soup kitchen for many years in downtown
Charlottesville. They served a free lunch to anyone; no
questions asked.
“People come in who are hungry and would like to
eat,” Haigh told the University of Virginia news service in
1992. “They sit down and we serve them.”
A memorial service was held Dec. 30 at First Presbyte-
rian Church in Charlottesville.
Executive Education
Around Darden:
Executive Education
It’s not easy developing Executive Education for Darden
alumni. For starters, alumni already have a great management
education with the Darden MBA. When we talk with Darden
graduates, we find their needs vary widely. Some are look-
ing for the newest ideas, and view Darden faculty as one of
many resources. Equally, many have reached the point in their
professional development to learn and use some of the oldest
ideas, especially about leadership. And all would like to relive
the “buzz” that comes with a high-octane case discussion.
In February, we served all of these groups with a seminar
in New York, “So you want to be an Entrepreneur… what
next?” This was designed to help alums thinking about
launching out on their own. Professor Saras Sarasvathy led
with a presentation of her research exploring the attitudes
and thought processes of expert entrepreneurs. Saras, Phil-
lippe Sommer, the Batten Institute’s Director of Entrepre-
neurship Programs, and Frank Genovese (MBA ’74), visiting
lecturer in business administration, then led discussions on
developing a business plan, building a team and buying a
business. The day closed with a panel of entrepreneurs shar-
ing their experiences. We’re now reflecting on the feedback to
fine-tune our future offerings.
March saw another successful experiment. With the
Defense Industries Initiative, a group of 75 leading defense
contractors, we hosted a conference on Enterprise Ethics.
Professors Jared Harris, Ed Freeman and Erika James shared
their current research on ethics and crisis management—
including a newly developed simulation—with 50 senior com-
pliance officers from across the industry. The event reinforced
Darden’s position as the leader in research and teaching of
corporate ethics.
In July, we’ll take a team of faculty including Jay Bour-
geois, Jeanne Liedtka and S. “Venkat” Venkataraman to Asia
for a series of seminars in Singapore, Shanghai and Tokyo.
The focus will be on strategy and entrepreneurship in the
Asian context, building on Darden’s research and in partner-
ship with local universities. As in New York, we’ll open the
event to all UVA alumni and their business colleagues, to help
raise Darden’s profile in these key markets.
Finally, we’re beginning to put together our course portfo-
lio for 2008. We’ve successfully launched “Leading Organic
Growth,” “The Power of Cross Functional Teams,” and “The
Mind of the CFO: Becoming a Strategic Leader” in 2007.
Next year, we’re looking at an advanced finance offering, a
marketing program on customer value, as well as our first
off-grounds programs.
David Newkirk
CEO, Executive Education
434.924.4917
NewKirkD@Darden.Virginia.edu
Lifelong Learning: Exec Ed Bound for Asia
Darden’s top ranked Executive Education team is taking the
next step in developing new courses of interest to Darden
alumni and their business colleagues across the world by visit-
ing the Far East this summer.
Along with the CEO of Executive Education, David
Newkirk, Darden faculty members Jay Bourgeois and San-
karan Venkataraman will visit Singapore, Shanghai, and To-
kyo in July to partner with local universities and deliver a new
seminar: “Innovation vs. Acquisition: Determining the Critical
Path for Strategic Growth.”
“Darden seeks to develop long-term partnerships in this
region,” says Newkirk. “In our experience, partnerships are
built at the individual level, within the context of institutional
alignment. Meeting with stakeholders, talking to alumni, and
working with partner institutions will help us quickly under-
stand where there is a confluence of interest, and will help us
identify where to proceed from here.”
Each seminar will be preceded by an alumni reception the
evening prior. All Darden alumni in the Far East are invited to
attend the receptions. Alumni are encouraged to invite a col-
league to join them. Additional information will be available
shortly on the Darden Alumni Relations website.
“This effort will engage professionals on a global level in
sharing current faculty research while developing strategic
partnerships and promoting the Darden brand,” said Dean
Bob Bruner. For more information, contact Diane Krehmeyer
at 434.924.4063.
Exec Ed Teams with Genworth on Scholarships
to Non-Profits
Darden and Genworth Financial formed a partnership this
spring to award Executive Education scholarships for leaders of
non-profit organizations.
With the support of the Genworth Foundation, which is the
philanthropic arm of the financial security company, the scholar-
ships represent Genworth’s commitment to non-profit, commu-
nity-based enterprises.
Two scholarships to the Management Development Program
will be offered this year, in June and October. Genworth and
Darden Executive Education will each provide $8,350 toward
the $17,200 cost of each program. The scholarship recipient’s
organization will be required to contribute $500 as a demon-
stration of commitment to the winning executive’s professional
development. Executive directors and senior level directors with
at least eight years of managerial support are eligible to apply if
their organizations receive fiscal support from Genworth.
Participants in the management Development Program benefit
from a broader understanding of business functions, while im-
proving their decision-making skills, ability to think strategically,
and effectiveness as leaders.
Darden Executive Education delivers more than 35 open-en-
rollment programs of business education each year and is consis-
tently ranked among the finest programs in the world.
Contact Executive Education via email at Darden_Exed@
darden.virginia.edu or by calling (877) 833-3974 (U.S. &
Canada); (434) 924-3000 (Worldwide).
www.darden.virginia.edu • 15
 The Campaign for Darden:
A Progress Report
Dean Bruner presents a case review for Baltimore alumni on March 9, 2007.
Case Review Meeting Sites to date:
Washington DC, November 29, 2006
Metropolitan Club, G.
David Cheek (MBA ’79), host
Richmond, VA, November 30, 2006
Jefferson Hotel,
Frank Genovese (MBA ’74), host
New York, NY, January 10, 2007
Yale Club,
John Strangfeld (MBA ’77), host
New York, NY, February 27, 2007
Yale Club,
Dick Dahling (MBA ’87), host
Baltimore, MD, March 9, 2007
Offices of Richard Berkeley (MBA ’80), host
Boston, MA, May 8, 2007
Davio’s Restaurant,
Bill Huyett (MBA ’87), host
St. Louis, MO, June 5, 2007
The Lindell Pavilion, Forest Park,
Mike DeCola, (MBA ’77), host
Minneapolis, MN, June 6, 2007
Cargill, CFO William Veazey and
Cargill-Darden Alumni, hosts
Westchester/Fairfield Counties, NY, June 13, 2007
Apawamis Club,
Henry Skelsey (MBA ’84), host
16 • DARDEN Spring 2007
By Jay Gundy, alumni.
Vice President of Development
The Darden School Board of Trustees
in September announced the Cam-
paign for Darden, a $150 million fund
raising effort to secure new resources
supporting outstanding students,
dynamic teachers, and visionary pro-
grams. The Campaign for Darden is
an essential component of The Cam-
paign for The University of Virginia,
seeking a total of $3 billion which
will close on December 31, 2011.
Generous Campaign commitments
to Darden now total $44 million, for
which the Darden School community
is deeply grateful. The goals presented
in the Campaign for Darden will ad-
vance the School’s mission for prepar-
ing leaders, strengthen its brand, and
expand its influence in the global busi-
ness community. Follow the progress
of the campaign and read The Case
for the Future of the Darden School of
Business at www.darden.virginia.edu.
The Campaign for Darden:
Making the Case for the Future
The University of Virginia 50 years
ago was invisible in the preparation
of MBA-level executives. Today,
the Darden School is in the highest
echelon of more than 500 graduate
business school programs nationally.
Today, Darden is at an inflection point
in history when it cannot stand still.
To stay at the forefront in the prepa-
ration of leaders, strategic change
grounded in a proven mission is the
only course of action. Generous gifts
to the Campaign for Darden will
transform Darden as we look ahead
ambitiously to the School’s Centennial.
Goals that form the foundation for
the Campaign were drafted by Dean
Robert Bruner and approved by the
Darden Foundation Board of Trustees
months before the official announce-
ment in September. The 10-year plan
details initiatives to strengthen the
Darden enterprise in every respect
by prescribing substantial new in-
vestments in students, faculty, and
programs. Bob Bruner’s plan, simply
titled The Case for the Future of the
Darden School of Business, reflects the
ambition, determination, and uncom-
promising standards of our faculty and
Five central topics in the case state-
ment emanate from a central theme:
The Darden School of Business,
including our alumni, must play com-
manding roles in the modern, global
business stage by elevating the practice
of management and advancing the
discovery and dissemination of best
practices. Case topics include:
• The Global Business Stage
• A Vision for Darden
• The Motivation for Advancement
• Initiatives to Achieve the Vision:
Recruit the Best Faculty; Attract
Talented Students; and Embrace
Self-Sufficiency
• The Campaign for Darden
Last fall, as Bob Bruner began his
25th year at Darden and second full
year as dean, he wanted very much to
discuss his vision with those who care
deeply about the School and its fu-
ture—Darden alumni. Notably, more
than 70 percent of Darden graduates
attended during Dean Bruner’s tenure,
and he has close friendships with
hundreds more whose experiences date
back to the school’s first graduating
class. Further, through the years Bob
Bruner has worked closely with teach-
ing colleagues, some of whom served
on the founding faculty. Drawing on
his close relationships with so many
Darden people, we launched a series of
small group discussions called “case re-
view meetings” where Bob and Darden
alumni explore in-depth plans for the
school’s future. To date, more than 130
alumni have met with the Dean in nine
sessions hosted by alumni (see Case
Review Meeting Sites).
Intentionally small in size, the 90-
minute case review discussions typically
include 10-15 Darden alumni so that
everyone may participate actively.
Alumni serve as hosts for the lunchtime
or late afternoon sessions. The Case
for the Future of the Darden School
of Business is sent by e-mail to each
participant in advance with an assign-
ment from the dean: please read and
be prepared to discuss the case for the
future of Darden. Dean Bruner begins
each discussion by summarizing the
school’s progress over the last two years
and highlighting his “top of mind” pri-
orities looking ahead. Next, he works
through the case with the assembled
group, exploring initiatives and testing
plans. Quickly, the presentation turns
into a lively forum shaped by thought-
ful, probing questions. Recognizing that
questions often reveal areas of special
interest and priorities, and the ensuing
discussion promotes more questions
as the Dean and others “drill down”
into issues. The case statement is a
working document that is reviewed and
edited as themes from every discussion
influence its content in some way. Not
surprisingly, important themes recurred
in many discussions such as the global
initiative, research, teaching, competi-
tion, program relevance, resources,
school leadership, and the Campaign.
Consider a few questions raised by
alumni about each of these topics:
Darden’s global ambitions:
• If you were to expand globally,
would you brand Darden or The Uni-
versity of Virginia?
• Have you had a pushback on the
idea that by opening a Darden center
in China we would be educating
America’s competitors?
• In reference to building international
business partnerships, how well does
Darden compete with other business
schools?
Building a research engine:
• With more than $60 million in
endowment dedicated to research,
why are we still at the bottom of the
research heap?
• With research and classroom teach-
ing as high priorities, are there con-
flicts in our objectives?
• Is the research element a magnet for
recruiting new faculty?
Teaching:
• Isn’t teaching excellence our major
“hook”?
• Is there some way we can demon-
strate our “leadership” in preparing
leaders?
• To what extent has Darden looked to
alumni for teaching—taking on some
of the burden?
Competition:
• Why do rankings seem so important?
• Aren’t scholarships absolutely criti-
cal when competing for the very best
students?
• What inhibits Darden’s recruitment
of female and minority students?
Darden’s relevance:
• Are the case method and general man-
agement part of our brand message?
• When thinking about the placement
of graduates in key New York com-
panies today as compared to 10 or
15 years ago, is Darden still relevant?
• Should we promote more of Darden’s
practicalism, a characteristic that is
so deeply engrained in our teaching
methods?
School leadership:
• Knowing that leadership changes can
hinder the development of an orga-
nization, are you (referring to Dean
Bruner) going to be there for ten
years?
• How do business school Deans deal
with economic cycles when running
their schools?
Darden’s Resources
• How does Darden’s endowment com-
pare to those of our peer schools?
• Since virtually all of Darden’s $300
million endowment is restricted, is
it right to conclude new initiatives
absolutely require new resources?
• With so much competition from
other philanthropic organizations,
how does Darden make a compelling
case for support?
Darden’s strategic priorities
described in The Case for the Future
of the Darden School of Business are
transformational ideas: leveraging
the existing faculty and attracting top
talent. As they should, these priorities
challenge assumptions, reflect new
thinking, and shape an ambitious
vision for the future of the school.
Bob Bruner will continue to lead case
discussions for another 12 months in
cities across the country and abroad
(see Anticipated Future Case Review
Meeting Sites). Clearly, Darden
graduates have an important role to
play in the process. If asked, attend
a case review discussion. Or, if you
wish to be included in a discussion in
your home area, please contact Jay
Gundy, Vice President of Development
at gundyj@darden.virginia.edu or call
434-924-4874.
Anticipated Future Case Review Meeting Sites:
Atlanta
Charlotte
Charlottesville
Charleston
Chicago
Dallas
Denver
Houston
London
Los Angeles
New York
Norfolk/Virginia Beach
Northern New Jersey
Northern Virginia
Palo Alto
Philadelphia
Pittsburgh
Richmond
San Diego
San Francisco
Seattle
Wilmington
And other cities to be determined
www.darden.virginia.edu • 17
Perfect Circle:
Darden Program Helps Alumnae Reclaim Career Path
Alumni
Career Services
has been offering career
counseling and programs
expressly for alumnae for nearly
a decade, but only recently has
begun taking programs on
the road.
18 • DARDEN Spring 2007
M
ore than a third of Darden women are not working full-time. For many
alumnae, that’s by design at this point in their lives. Another 18 per-
cent are not working at all. And one in two have taken off from work
for at least six months at some point during their lives. But a recent survey
conducted by Darden’s Alumni Career Services (ACS) revealed that fully a third
of the women graduates not working full-time want to return to the workforce
someday, either to the careers they put on hold or to pursue new interests.
The survey found that they don’t so much want refresher courses in MBA
skills as practical tools on self-marketing, getting back in the game after a hia-
tus, and learning how to launch a business (see related feature story in
this issue).
Counselors in the school’s ACS office responded. Connie Dato English
(MBA ’91), director of ACS, led the development of a two-day workshop,
“Re-Entering the Workforce” expressly for women who want to make a transi-
tion. It is not so much a course as a guided process of self-assessment for the
women in transition. The idea is for participants to determine what they want,
then develop a plan for getting it.
“We are definitely helping with the transition back to work,” English says.
“We came up with a pragmatic, practical approach. We take everyone through
a self-assessment process. Everyone has to introduce themselves during the
first session in a professional way. They learn how to tell their stories.”
The program is a hit.
“I came in needing direction, motivation and an ‘I can do this!’ attitude and
left with all three!” says Sally Cors (MBA ’90).
Liz Weatherly (MBA ’02) agrees. “I found the course and my classmates to
be excellent resources in starting to get me thinking about what I’m looking
for professionally and personally and how to balance the two,” she says.
Almost two-thirds of Darden alumnae who responded to the survey say
they plan to change jobs within five years. One in five wants to buy or start her
own company and nearly a third expect to relocate.
To assist these women, the program is broken into two components
separated by one month. Session 1, “What do I want to do?” covers personal
situation analysis, setting priorities, understanding life themes through struc-
tured self assessment. The second session, “How Do I Get What I Want?” asks
participants to consider who might hire them. Practical instruction includes
recognizing what is relevant, learning how to tell your story, including “the
gap” years, creating an effective resume, and accessing the market and net-
working. Participants complete some assignments in advance to get the most
out of each session, which runs 9 a.m. to 2 p.m., while children are typically in
school and participants won’t incur daycare costs for attending.
English says the workshops in Washington, D.C., Boston and Atlanta have
been well received.
A desire to return to work is seldom about money, she adds. “One of the
common interests is they want to be role models for their daughters,” English
says. “It’s a desire to make a difference in the world. As for why they stepped
out to take time off from working, everyone is different, just as their reasons
for going back differ among individuals.”
The ideal program will have 15 participants and is typically scheduled
during the fall to coincide with kids returning to school. “Timing is important,”
English says. “We realized the summer would probably not be the
best time to offer this.”
“The program is empowering and provides hope and valuable
direction to anyone planning to reenter the workforce,” says Vicky
Harris, a Georgetown lawyer who attended the D.C. program.
The first group met in fall 2005, consisting of 10 Darden alumnae,
a Darden spouse and several alumnae of sister schools affiliated
with the Forte Foundation—a consortium of corporations and
top b-schools that educates and directs talented women toward
leadership roles in business. The premiere group continued to meet
regularly long after the program had concluded, English says. Several
participants have re-entered the workforce and others have plans to
do so.
The Darden ACS has been offering career counseling and pro-
grams expressly for alumnae for nearly a decade, but only recently
has begun taking programs on the road. The goal, English says, is to
bring services to the client and make it as easy as possible to attend.
The program is offered at cost; Darden makes
no profit on this continuing education
service.
Programs in San Francisco
“To sit down with and Richmond are being
a woman and help her planned. English says
New York already has
overcome that lack of ample resources for
women who want to
professional confidence return to work, so ACS
staff decided to focus on
is a great feeling,” cities and regions where
alumnae don’t have ac-
English says. cess to workforce reentry
programs.
“We’re not in this to com-
pete but to serve our alums,” she
says. “Many are űber volunteers who have
been working philanthropically, but might not know how to lever-
age that to get back in the workforce.”
English knows this terrain first-hand. After graduating from the
U.S. Merchant Marine Academy, she was a consultant with Booz Allen
Hamilton. After Darden, she worked for PepsiCo as a strategic busi-
ness planner. Relocating with her husband, Connie then joined J.M.
Huber Corporation in its Wood Products Division as human resource
manager. Relocating again and giving birth to her second child, she
chose to step out of the workforce and concentrate on family. She
joined Darden ACS in September 2001 and says she finds tremen-
dous professional satisfaction in the work.
“To sit down with a woman and help her overcome that lack of
professional confidence is a great feeling,” English says. “Most of the
alumnae we work with just need a little push, a little coaching and
cheerleading. I can completely relate with the challenge because I’ve
been there. My message to our alumnae is: you have so much to of-
fer. You can definitely springboard into a rewarding career.”
For more information or to register for an ACS program please
contact: Laura Duggins, ACS associate, (434)924-4876 or Alumni
CareerServices@darden.virginia.edu.
Around Darden:
Alumni Career Services
The job market continues to be hot. I was talking with an executive
recruiter recently who commented how this market is reminiscent
of the 1980s – a candidates’ market where employers have to make
quick decisions and use extraordinary efforts to court desirable
candidates. According to a recent ExecuNet survey, this candidate
advantage is evident in increased executive compensation pack-
ages. The strong market is triggering more voluntary job changing
activity in the executive ranks. In fact, another recent poll showed
that turnover among managers has jumped to 8.8 percent from 4
percent since 2004.
If you’re looking to take advantage of the strong market or prepare
for the inevitable downturn, you should realize the importance of a
professional network. Most employers hire managers and execu-
tives through referrals from trusted colleagues or acquaintances.
Even if you’re not looking for a job, it makes sense to build your
web of professional relationships. If you reach out to others, lend
advice, exchange leads or share information with others, you will
be in a better position to succeed in business, hire valuable employ-
ees or, when the need arises, find a new job yourself.
Your Darden connection can be a huge asset in your networking
activity. Here are some of the resources available through your
alma mater:
✦ Use the online Alumni Directory to find people that you’d like
to be part of your network. Keep your alumni profile up to date.
Make it easy for others to find you. The University of Virginia
Alumni Directory is also available to Darden alumni.
✦ Sign up to be a “Networking Partner” on the Darden Alumni
Web site. This makes it clear that you are willing to interact
with other alumni on career issues. What comes around goes
around; build mutually beneficial relationships.
✦ Use the Darden Hot Job Leads board to share leads heard on
the street. http://wb.darden.virginia.edu/~acs . (The more
thorough job posting board should be used to share official
position listings.)
✦ Attend Alumni events and come back for your class reunions.
✦ Utilize Alumni Career Services to develop job search objec-
tives, refine your marketing materials, and get ideas about
potential contacts. Email AlumniCareerServices@darden.
virginia.edu or call us to make an appointment. Our counseling
services are free to Darden alumni.
✦ Keep in touch with your professors. It’s good for them to hear
about your work and good for you to hear about their practical
research.
✦ Use the Networking section of the newly revised Alumni
Career Services Web site to find additional resources.
The benefits of your Darden experience did not end at gradu-
ation. Darden Alumni Career Services stands ready to help you
meet your professional potential.
Connie English
Co-Director of Alumni Career Services
434.924.3029
EnglishC@Darden.Virginia.edu
www.darden.virginia.edu • 19
 120 Club Entertains Alums
I
n the fall of 1967, a decade into the history of the Darden
School, three young professors joined the faculty. The
school was still located in Monroe Hall on the main
University Grounds, still an all-male bastion of students
hailing mainly from the south. Charlottesville was a sleepy
little hamlet surrounded by the still-agrarian county of
Albemarle. UVA football head coach Al Groh had just
received his bachelor’s degree from the University. And the
trio of professors, John Colley, Alec Horniman, and Bill
Sihler, settled down to teach; each in his respective area of
expertise. Colley headed up courses in corporate strategy
and operations. He still does. Horniman led courses in busi-
ness ethics, leadership, and managerial psychology, among
others. He still does. Arriving in 1967 from a prior teaching
post at Harvard, Sihler brought with him a comprehensive
knowledge of banking, corporate finance and risk manage-
ment. All of them still teach and say they have no plans to
do otherwise.
Between the three, these professors have written literally
hundreds of case studies (Colley alone has authored more
than 300). And they have a combined 120 years of service
to the Darden School.
This has earned them the moniker, “The 120 Club.”
Together, Colley, Horniman and Sihler have developed
a road show in which they share their recollections of
“In seven years as a student at
other schools, I was never in a
social situation with a member of
the faculty. The experience here
was exhilarating.”
—Professor John Colley
20 • DARDEN Spring 2007
Darden’s history through the last four decades, as well
as personal reminiscences and the occasional anecdote of
mischief. Their premiere road show in March was enthusi-
astically received by the more than 100 Darden alumni in
the Washington D.C. chapter who turned out to the Army
Navy Club to hear their former professors recount days of
old, and to share their fondest hopes for the history of the
school. A similar program during Reunion Weekend in April
garnered wild applause for the three faculty. More events
are planned.
Here, without revealing all their tales, professors Colley,
Horniman and Sihler share a favorite anecdote from their
Darden days. Each also offers a wish for the enduring mis-
sion of the Darden School.
Partying with Professor John Colley
“Among my many wonderful memories of life at Darden are
the Saturday night parties during my early years here that
were open to all students and faculty. Each week, some stu-
dents would volunteer to host the entire school at their resi-
dences. Tommie and I were faithful attendees, often bringing
the “good stuff” from our bar in a paper bag. The students
and faculty were close to an extent I had
not known in my previous experiences
as a student or faculty member at three
different institutions. In seven years as a
student at other schools, I was never in
a social situation with a member of the
faculty. The experience here was exhila-
rating; creating closeness between the
faculty and our students that persists to
this day. When we attend a reunion, we
do not see students, we see family.”
“My One Great Wish for the Future of Darden”
“I very much hope that the future will be one in which the
Darden School has the resources in terms of scholarships
to bring the best and the brightest students into our com-
munity. When it was determined that I would spend my life
training young people for careers in business, I received some
wonderful advice from my mentor, Professor Thomas Tim-
mings Holme, a professor at Yale. He advised that I should
never believe that any degree of great teaching effectiveness
or curriculum design could make much of a weak student.
Rather, he said, I should always attempt to attract the very
best students, with the admonition that if I did not confuse
them too much, they would go out and make me a hero.
After 40 years here, I believe that more than ever. I renew my
faith in that axiom each year as we welcome sets of alumni
returning for our reunions.
With this in mind, I hope we can raise the necessary funds
to provide strategic scholarships to bring here the very best
students. We need a mix of full scholarships (Jefferson Fel-
lowships or others), and large numbers of half- and one-third
scholarships that will insure that our current market-driven
tuition does not keep away the most desirable students. Our
competitor top business schools are well aware of the need to
attract the best students. They have a head start on Darden
in the financing of scholarships, but we have the advantages
“Student teams presented their
recommendations to a group of
executives, which selected the team
that made the best presentation.
The question came up about what
a suitable reward might be for the
winning team.”
—Professor Bill Sihler
of location, our great University, unparalleled facilities, the
best teaching faculty in the world, our integrated First Year
curriculum, and our clear mission to prepare students for
leadership positions in the world of practical affairs.
As always when challenged, my wish is that the Darden
family will rally to provide the resources to attract the best
students. The race will go to the swiftest. In the current en-
vironment of very high tuition, the successful school in the
long run will be the one that can offer the best students the
financial aid that will neutralize the rapidly increasing tuition
and minimize the debt that students carry with them when
they leave. I believe that if we can mitigate the high costs, the
other advantages we enjoy will carry Darden to the top in
the world of graduate business education.”
Shinin’ with Professor Bill Sihler
“Once upon a time, when we were all young and foolish,
we did something which in retrospect was unwise and
which I am sure we would not do today.
“It must have been 1968 or 1969, when I had been here
a couple of years at best and was head of the First-Year
finance course. The school was still small enough (prob-
ably less than 100 in the First-Year class by the spring) that
we could organize a class-wide case-analysis competition.
Student teams presented their recommendations to a group
of executives, which selected the team that made the best
presentation. The question came up about what a suitable
reward might be for the winning team.
“I don’t recall who came up with the idea, but I suspect it
was (Professor) Fred Sargent.
Someone suggested we give pints of white lightning to
the winning team members. I hope we cleared the idea with
Dean Charles C. Abbott (founding dean of the Darden
School), as would have been the custom at the time, and I
thus presume he gave his blessing.
“Fred set up the arrangements to get the moonshine. He
sent his wife out to a designated spot to wait for delivery.
She said that she drove there, parked, and after a bit a fel-
low with a couple of large dogs on chains appeared to check
her identity. Satisfied, he then went back into the dark and
shortly returned with a container of hooch. Fred then de-
canted this into six one-pint bottles.
“When we presented them to the winners, we cautioned
that it was about 150 proof and, unless kept tightly capped,
would quickly evaporate.
“Reflecting back on this, I’ve often wondered how stupid
we were. If the moonshine had any sort of contamination,
we could have had some very sick students and been in a lot
of trouble compared to the minor problems John Colley had
with the football pool.
”I began to feel a little better recently, when, at Fred
Sargent’s memorial service, it came out that he was an afi-
cionado of white lightning and had relationships with the
bootleggers in the area, from whom he bought for his own
consumption. It also came out that Fred had a strong rela-
tionship with then-Sheriff, George Bailey. It seems that in
the fall Fred would make the rounds to replenish his cellar.
If it looked like one of his suppliers had expanded his busi-
ness, Fred would pass the word to the Sheriff. Sheriff Bailey
apparently didn’t think it worth while to
chase after small operators producing for
themselves, friends, and family. But, he
didn’t want to allow anyone to get into
commercial-level production. “When
I learned all this, I became a little less
concerned about what might have gone
wrong.”
Sihler Contemplates the Future
“I think Dean Bruner’s concept of Darden
as a high-end boutique institution of
education for practical affairs expresses
my own hopes for Darden, although I am not sure that the
founders were as much concerned with high-end as with the
practical-affairs component,” Sihler observes.
“Dean Abbott often mused that the graduates who had
made the School’s reputation in the business world might
www.darden.virginia.edu • 21
not even qualify for admission, which he found troubling.
Nevertheless, it seems to me that if Darden can find the
financial resources to make sure that the best qualified
students can come, Darden should be able to maintain its
position and enhance the worth and value of the degrees past
graduates hold.”
Probing the Azaleas with Professor Horniman
Alec Horniman’s expertise includes business ethics, manage-
rial psychology, and motivating others for enhanced perfor-
mance. He is also renowned for an ability to help students
think differently.
Once upon a time he was deploying these skills in an exercise
with his students in Classroom 8 of Monroe Hall. He tasked
his students with developing a skit to demonstrate motiva-
tion. As an aside, while sitting in his office on a warm, spring
afternoon in late April 2007, Horniman recalled that his old
first-floor classroom overlooked a stunningly beautiful gar-
den of azaleas.
So the skit began. One student hopped onto a table and,
crouching low, declared he was an eagle.
Another student approached the “eagle” and directed him
to take some sort of action. The student told the eagle, “Do
this or I’ll kill you!” Horniman recalled.
The eagle refused to budge.
A second student came up to the eagle and got a little fur-
ther with a bit of charm, but still the “bird” remained firmly
on his perch.
Horniman said a third student walked over to the bird on
the table and said encouragingly, “Eagle, it’s all about soar-
ing.”
And with that, the eagle-student dove headfirst through the
open window of Classroom 8 and landed in the azaleas,
Horniman said. This stunt coincided with founding Dean
Charles C. Abbott’s afternoon walk around Monroe Hall,
which was Darden’s first home. Abbott was strolling by
Horniman’s classroom when the airborne student sailed
through the window into the bushes.
“Well,” Horniman said, “it didn’t take long before Dean
“I never intended to be a professor.
I’ve stayed at Darden because of the
students I teach. ...That has made it
fun, made it interesting.”
—Professor Alec Horniman
22 • DARDEN Spring 2007
Abbott was at the door. He came into our class and looked
at me and said, ‘Mr. Horniman, what is going on?’ And I
said, “Well, Dean Abbott, you see, there was this eagle …’
and I could see Charlie’s eyes starting to glaze over….”
Horniman’s Hope for the Future
“The Darden way, based on the student understand-
ing and discussing a case in study group, a learning team,
then presenting their discoveries in class to their classmates
to influence them is a critical learning experience for how
managers manage,” he said. “That’s what Darden has been
about, is about, and must be going forward. No other school
I am aware of is as devoted to that process. How people
learn to communicate, written and spoken, is vital. Business
is about people and relationships. How do we communicate,
motivate and inspire? I say to a student, if that’s not interest-
ing, then why don’t you go to Wharton and take accounting?
We teach the application of skill sets, like accounting. But we
need to be sure we concentrate on the process of learning.
It’s not about our teaching, because if we’re not careful, our
teaching can trump their learning.”
Horniman said academia mirrors the broader society in at
least one area that concerns him.
“We’re becoming increasingly impatient with circum-
stance; we want to get going,” he said. As that relates to
teaching students in b-school, Horniman says students and
their professors need to be certain that business literacy does
not overtake business competency. Facts and information are
meaningless without the ability to deploy them, he observed.
“You’ve got to take ideas and know what to do with
them,” Horniman said. “We have access to more information
at greater speed, but you cannot assimilate that without time.
Everyone wants to get going somewhere, but we’re not sure
where that is.”
For Horniman, the where turned out to be here, at Darden.
“I came here 40 years ago really believing I might stay a
couple of years and move on,” he said. “I never intended to
be a professor. I’ve stayed at Darden because of the students
I teach. My experiences with my students mean everything.
That has made it fun, made it interesting.”
Alums Hatch OpenQ with Aid of Darden Incubator
A stint in the Darden Business Incubator
enabled two alumni entrepreneurs to get
their software concept off the ground
and into the hands of customers.
Based in Charlottesville, OpenQ is
a data-mining software company that
helps pharmaceutical companies maxi-
mize their marketing efforts to hospital
administrators and physicians. Increas-
ingly, doctors turn to scientific discussion
and the words of Key Opinion Leaders,
typically fellow physicians, in making
From left: Jim Zuffoletti (MBA ‘05), Philippe Sommer, director of entrepreneurship programs for
the Batten Institute and Octavio Freire (MBA ‘05).
prescription decisions for their patients.
Dwindling are the days when prescrip-
tion-drug salespeople would call on a
doctor’s office and deliver a pitch.
OpenQ founders Jim Zuffoletti and
Octavio Freire (both MBA ’05), developed
software platforms to capture information
about Key Opinion Leaders and integrate
that data with the marketing process
unique to individual pharmaceutical com-
panies. The result allows drug, biotech
and medical-device companies to mount
more efficient, cost-effective marketing
programs while meeting government
compliance standards for these efforts.
Zuffoletti and Freire met during
their First Year at Darden, where Freire
confided he had hit upon a “great idea”
for a software company. Freire already
had experience in internet applications,
internet commerce, and information
technology serving the pharmaceutical,
financial services and retail industries.
Zuffoletti had business development ex-
perience from his days with GE and had
later founded FreeMarkets, a pioneering
e-business company. While students,
they decided they had a niche oppor-
tunity “with a great customer base that
traditionally has money and is willing to
invest in new technology,” Zuffoletti said.
The entrepreneurs also decided they had
maybe 18 months to develop the soft-
ware before a market for their idea had
already developed.
What they didn’t have was an office or
a lot of money. So they entered the Uni-
versity of Virginia’s annual business plan
competition. And they won first place.
The award came with a prize including
one year of support from the business
incubator, plus some funding to get
started.
“The incubator helped us in profound
ways,” Zuffoletti said. “We got paid for the
summer and received a little seed money
to get going. But the big benefit was the
incubator provided us with infrastruc-
ture. We ran the company for almost two
years with no overhead. The first year
after b-school we were profitable. We
took a conservative, Darden-inspired ac-
counting approach. And we’re looking at
a good year for ’07.”
They got by on angel investments and
have not had to raise any venture capital.
They also tapped into the Darden net-
work for business advice and investors.
“Darden connected me with the CEO
of Amgen and also (Medtronic President)
Bill Hawkins (MBA ’82),” Zuffoletti said.
Zuffoletti and his business partner met
with Ian Ratcliffe and Tim Gatzulis (both
MBA ’94), who work in the biotech and
medical analytics industries. “They ended
up being advisors to us and Tim became
an investor in the company,” Zuffoletti
said. “We ended up hiring two other
Darden grads’ as well: Michael Broad
(MBA ’04) and Brian Gosta (MBA ’06).”
If they hit their targets with OpenQ
as forecast, Zuffoletti said next year they
will either diversify or sell to another
company—2009 at the latest. Their next
move will either be to launch another
company together, although Zuffoletti
said he is also mulling the Darden PhD
program, saying his favorite subjects at
Darden remain ethics, entrepreneurship
and strategy.
Learn more about OpenQ by visiting
www.openq.com.
The Darden Incubator is open to
anyone within the UVA community with
an entrepreneurial idea that wins one of
the annual competitions held at Darden.
Once in the Incubator, each business is
led by Darden students—whether as
principals or as development managers
—through a series of increasingly de-
manding criteria, or “gates,” to the point
of start-up or abandonment. The Incuba-
tor draws on faculty resources and out-
side experts for business advice. Philippe
Sommer, director of entrepreneurship
programs, oversees the incubator. He can
be reached at 434.243.2283 or
SommerP@Darden.Virginia.edu.
www.darden.virginia.edu • 23
Living the Dream…
Darden Faculty Share Secrets of
Entrepreneurial Success
T
he idea to start a business might germinate from
unexpectedly fertile ground. There’s the appeal of
being your own boss, of course, since self-employ-
ment almost by definition means empowerment. But
transforming the notion into action may require a little push.
Perhaps all it takes is a caustic remark from a senior executive
on a particularly hectic Monday, or a sudden awakening that
your career trajectory has lost its arc—and maybe even most
of its spark. The thrill is gone, as B.B. King intones. Often, it’s
the discovery of a great but as-yet unexplored opportunity in
the marketplace, and all that’s needed to bring this epiphany
into the light is the pragmatic knowledge of how to get
started.
A daring new venture might sate that vague craving for a
challenge, while self-employment, though fraught with respon-
sibility and risk, is cited by some as one of the great satisfac-
tions a businessperson can savor over the course of a working
life. Then there is the large body of research that shows
entrepreneurs share virtually all of the traits of maverick lead-
ers—people who think differently and achieve great things as a
consequence—so there is little wonder that a middle manager
with the heart of an entrepreneur would feel frustrated.
Whatever the personal reason for launching a company, it
is without doubt the #1 topic that Darden alumni eight to 15
years post-graduation want to talk about when they contact
the school’s Alumni Career Services. A consistent theme is the
desire to learn the process and pitfalls of entrepreneurship,
while discovering what assistance Darden can provide. In
response, Darden’s Executive Education professionals teamed
up with Alumni Relations to develop a how-to workshop on
the entrepreneurial spirit. This is part of Darden’s Lifelong
Learning Initiative—to provide quality, ongoing professional
instruction and training to alumni at every phase of their
careers. They also drew upon the expertise of the Darden Busi-
ness Incubator, which falls under the umbrella of the Batten
Institute—renowned for thought leadership in entrepreneurial
pursuits and innovation.
So You Want to be an Entrepreneur…Now What?
This was the title of the premiere seminar on launching a busi-
ness. Naturally, the program included case studies, interactive
lectures and expert faculty—all in keeping with the Darden
Experience. The February workshop conducted in New York
City was a hit.
Professor Saras Sarasvathy, Visiting
Professor Frank Genovese (MBA
’74) and Philippe Sommer, Direc-
tor of Entrepreneurship Programs
for the Batten Institute, formed the
teaching team. Each point on the
triangle taught a distinct segment of
the course. Sarasvathy talked about
the psychology of the self-employed
and shared ways to cultivate the
mindset of an entrepreneur, while
Sommer discussed financing issues, including the art of rais-
ing venture capital and telling a compelling story in order
to do so. Genovese drew on his own expertise in business
acquisitions and turnarounds, suggesting that an entrepre-
neur who doesn’t want to build a company from the ground
up can always buy an established venture as an alternative.
They promoted different ways of thinking and different
ways of looking at the world of business, backed up by solid
research and
experience.
The myth about entrepreneurs is that they exclusively
want to make money. Well, yes, entrepreneurs start out with
the idea of making money. But most quickly face the fact
that making money is just one necessary condition—not
even the most vital condition—for successful entrepreneur-
ship. At least for the short term, an entrepreneur must
cultivate and cherish more immediate reasons for getting up
in the morning and facing the daily tasks of running a new
venture.
To understand how they do this, it is important to under-
stand how successful entrepreneurs think about the world
and their place in it.
What makes an entrepreneur entrepreneurial?
“In 1997, I set out on a rather perilous but exhilarating
journey to investigate this question,” Sarasvathy says. Her
goal was to explore the psychology of the entrepreneurial
mind and determine what differentiates this thinker from
other business leaders.
“Traveling across 17 states in the US over several months,
I met with 30 founders of companies ranging in size from
$200M to $6.5B and spanning a variety of industries from
steel and railroad to teddy bears and semiconductors and
www.darden.virginia.edu • 25
The myth about entrepreneurs is that they exclusively
want to make money.
bio-tech. The idea behind the study was not merely to in-
terview these founders, but to get behind their stories and
understand how they reason about specific problems in trans-
forming an idea into an enduring firm.”
Her research led to the conclusion that a distinct form of
rationality exists in the minds of entrepreneurs. She calls this
“effectual reasoning.”
In most MBA programs, students are taught causal or
predictive reasoning—in every functional area of business,
Sarasvathy notes. Causal reasoning starts with a pre-
determined goal and a specific set of means for achieving the
goal. And so the business student conditioned by causal rea-
soning learns to identify the fastest, cheapest, most efficient
methods of achieving a goal. The make-vs.-buy decision in
production, or choosing the target market with the highest
potential return in marketing, or picking a portfolio with the
lowest risk in finance, or even hiring the best person for the
job in human resources—all of these are problems involving
causal reasoning.
But effectual reasoning, the intellectual hallmark of an
entrepreneur, does not focus on a specific goal. Instead, it be-
gins with a set of means and allows goals to emerge over time
from the varied imaginations and aspirations of the company
founders and the people they do business with.
Sarasvathy offered the example of Genghis Kahn as a
causal thinker. He conquered two-thirds of the known world
800 years ago, with advance knowledge of the terrain and the
riches awaiting, and so he went after them. Effectual think-
ers, on the other hand, are like explorers setting out across
uncharted waters. Christopher Columbus exemplified this
trait. Effectual reasoning is inherently creative and involves
imagination, spontaneity, risk-taking, and salesmanship, as
King Ferdinand and Queen Isabella of Spain would discover
in their dealings with Columbus.
It turns out that entrepreneurs survey the business land-
scape from a perspective almost completely opposite the indi-
vidual trained by most business schools. Managers are taught
to analyze the market and choose target segments with the
highest potential return, Sarasvathy said, while entrepreneurs
tend to find ways to reach the market with minimum expen-
diture of resources—time, effort, and money.
The causal reasoning instilled in most managers is based
on the logic, “To the extent that we can predict the future,
we can control it.” And so many academics and business-
people busy themselves on developing predictive models.
Effectual reasoning is based on the logic, “To the extent that
we can control the future, we do not need to predict it.” As
Sarasvathy says, the entrepreneurial mindset does not de-
pend on, believe in, or even really care about predicting the
future. Instead, entrepreneurs believe the
future is created through the very strate-
gies of the players.
All successful entrepreneurs, she said,
start out with three broad categories of
means at their disposal: they know who
they are (their unique traits, tastes and
abilities); they understand their educa-
tion, training, expertise, and experience;
26 • DARDEN Spring 2007
and they are aided by whom they know—their social and
professional networks.
Sarasvathy also discovered three common characteristics
behind the effectual reasoning of a true entrepreneur. First is
the “affordable loss principle.” To evaluate affordable loss,
“all we need to know is our current financial condition and
a psychological estimate of our commitment in terms of the
worst case scenario,” she said. This is a way to nullify the
role of uncertainty in early-stage funding decisions. As they
progress, entrepreneurs do not tie themselves to any theorized
or pre-conceived “market” or strategic universe for their idea.
They choose to be open to surprises—as to which markets
they will eventually end up building their business in or even
which new markets they will create.
The second characteristic is the “strategic partnerships
principle.” Sarasvathy’s research showed that successful entre-
preneurs focus on building partnerships rather than on doing
a systematic competitive analysis. Since entrepreneurs tend to
start a process without assuming the existence of a market for
their idea, detailed competitive analyses do not seem to make
any sense to them at the startup phase, she said. Obtaining
pre-commitments from key stakeholders also helps reduce
uncertainty in the early stages of creating an enterprise, she
said, while reducing the amount of capital needed to launch a
venture. Equally important, though perhaps not quantifiable,
enduring human relationships in business tend to outlive fail-
ures, and create successes over time. This dovetails nicely with
the principle of affordable loss, which is all about evaluating
a financial situation against the individual’s tolerance for the
worst that could possibly happen, Sarasvathy said.
The third characteristic is the “leveraging contingencies
principle,” the very heart of entrepreneurial expertise. It is the
ability to turn the unexpected into the profitable. “I always
live by the motto of Ready-fire-aim,” one of the professor’s
study subjects said. “I think if you spend too much time doing
ready-aim-aim-aim-aim, you’re never gonna see all the good
things that would happen if you actually start doing it and
then aim. And find out where your target is.”
Entrepreneurs realize that not all surprises are bad and
that surprises—good or bad—can be used to shape their
venture-creation process. Again, this approach is the oppo-
site of most managers who are trained to avoid surprises as
much as possible.
Sarasvathy noted that successful entrepreneurs also
employ people of a similar mindset. “The ‘right’ people
need emotional ownership in the goals and objectives of the
endeavor and can only be incentivized by the belief that the
effects they create will embody their deepest passions and
aspirations while enabling them to achieve their best poten-
tial,” she observed. But entrepreneurs, she found, also realize
they have no time to wait for the right people, so they nur-
ture and grow them from within the enterprise over time.
Ultimately, entrepreneurs approach their work in the
belief that the future is unwritten and can be substantially
shaped by human action. They realize that to the extent hu-
man action can control the future, there is no need expending
energy trying to predict it. As she said, “In fact, to the extent
that the future is shaped by human action, it is not much use
trying to predict it—it is much more useful to understand
and work with the people who are engaged in the decisions
and actions that bring it into existence.”
Tell the story, raise the capital
Raising venture capital is the art of the sale, but the pitch
obviously must revolve around a concept an investor feels is
worth buying. Venture capitalists are looking for a 3-5 year
commitment tied to an exit event, with a return on invest-
ment. Entrepreneurs who are successful at raising money
from a venture capital fund invariably have a story with
high-growth potential to tell their would-be investors. Bio-
technology, software ideas and other concepts built around
intellectual property are solid candidates for VC, but inves-
tors want some tangible proof of potential before they will
typically cut a check. If the entrepreneur’s company is truly
in its infancy, with no proven product or service, the founder
may have to resort to bootstrapping, or self-financing, to get
the company far enough along that venture capitalists might
then be willing to listen.
The risk-reward of bootstrapping is essentially the poten-
tial for total loss of personal capital, versus the benefits of
greater control over a growing enterprise. The most common
form of bootstrapping is the use of credit cards to fund a
new, smaller venture. Michael Dell founded his Dell Comput-
ers empire this way. Brave souls might also extract equity
from their homes to fund a new business, dip into their
savings, or go hat-in-hand seeking capital from the Triple-F
fund, known colloquially as “Friends, Family and Fools.”
Government grants and bank loans may also provide
options.
Well-connected entrepreneurs may pursue angel investors
who perhaps know the entrepreneur personally, or are suf-
ficiently interested in a line of business that they will take a
hands-on approach to guidance and management in addition
to making an investment. Angel investors are also generally
known for greater patience in receiving a return on invest-
ment. However, a 2004 study of seed and early-stage invest-
ing shows that angel investors represent a mere fraction of
total investors in start-up ventures. By far, private individuals
represent the largest group of investors and more than half
of them are related to the entrepreneur, according to a recent
Global Entrepreneurship Monitor report.
Wherever the funding may come from, eventually the
entrepreneur is going to have to pitch the company story
and offer a convincing reason to invest in the venture, said
Philippe Sommer, who directs the business incubator pro-
gram at Darden. Each year Sommer guides and mentors
fledgling entrepreneurs with promising new business ideas in
an effort to help them get off the launch pad. The incubator
provides financial support, work space, and expert advice.
Success stories emerging from the incubator are many and
varied (Read the story of OpenQ, founded by two Darden
alumni, in this issue).
Sommer has extensive experience in business start-ups.
Before joining Batten, he was president and founder of
Alsacia & Sommer, consulting on strategy and funding for
early-stage med-tech companies.
He was a founding partner of
WestMed Venture Funds, life sci-
ence dedicated venture funds af-
filiated with CIBC/Oppenheimer,
Inc., and was director of business
development at Pfizer in the medi-
cal products group.
“If you really believe something is worth funding to the
point you put your money into it, but maybe you don’t have
enough capital, then you can go out and sell it,” he said.
“Some people love the thrill of the sale; others are maybe
embarrassed and uncomfortable about raising money. The
way I get my head around it is if I really believe in it, that
comes across and that gets people interested in investing.”
The savvy entrepreneur takes time to understand an
investor’s view of the proposal. Investors will always have
a target return on investment and a timeframe firmly in
mind, and they will determine at what level of valuation they
would willingly invest “X” amount of money to hit that tar-
get. They also know that when it’s time to exit, the multiples
are almost always higher by going public, rather than selling
to another company or private-equity firm. These consid-
erations must be addressed in the entrepreneur’s story and
business plan, whether at the seed-money stage or mezzanine
financing.
As Sommer said, too often entrepreneurs are great at tell-
ing the story of the business, but fail to tell the story of the
money: why an investor should invest and how the entrepre-
neur proposes to give it back—and then some.
Above all, the entrepreneur carries the entire burden of re-
ducing uncertainty in the mind of the investor. This is where
forging relationships can pay off handsomely—in successful
funding of the venture. There is truth to the old saying that
people feel most comfortable doing business with people they
know, with whom they have established a rapport. Network-
ing is vital, both with other alumni and their extended con-
nections.
Ultimately, a venture capitalist will be swayed more by
management’s track record and credibility, unless the busi-
ness carries the potential to disrupt or dominate a specific
market.
Don’t want to start a company? Buy one
Visiting Professor Frank Genovese has built his fortune on
acquiring and selling companies. He has been directly
involved in three profitable turnarounds and through his
career has owned nine companies. Genovese teaches a course
in acquisitions of closely held enterprises at Darden.
He is blunt in his assessment of new ventures, citing a
sobering stat: 9 out of 10 start-ups fail. So he advocates buy-
ing an existing business, creating additional value, selling the
enterprise and moving on to the next opportunity.
“I’d rather buy,” he said. “When you acquire a company,
there’s a set of assets that produce revenue and profit. And if
something happens, there’s still an organization.”
But you must know who you are—what you are capable
www.darden.virginia.edu • 27

Too many people, Genovese said, enjoy the
idea of owning a company without having a
full knowledge of why they bought it.
of doing and why you want to do it, Genovese cautions.
“This requires real introspection,” he says. “You’ve got to
ask yourself: do you have the skills, why do you want to
do it, what kind of business is it and do you have to run it
yourself?”
Identifying the right company to buy, determining
valuation, analyzing risk and devising an exit strategy
well before you’re ready to sell—these are the key factors,
Genovese said. Discounted cash flows are a common valu-
ation method for smaller companies, although the mul-
tiples valuation method—using ratios from comparable
companies may be preferred for larger operations. Capital
asset pricing formulas will help establish reward-to-risk
ratios. As for risk analysis, recalling First Year coursework
at Darden, the key factors to consider would include
unexpected competition, intellectual property issues, miss-
ing sales forecasts and unforeseen development expenses.
Some of the risk can be mitigated—or at least anticipated
—by taking the time to understand the target company
and what it does before it is acquired. In two words: due
diligence.
And that leads to the most important issue, Genovese
says: coming to terms with why you want to buy a par-
ticular business. Having a passion for it also helps deter-
mine the difference between making a living and making
a profit on the value you create with a company prior to
your eventual sale and exit. Too many people, Genovese
said, enjoy the idea of owning their own company without
having a full understanding of why they bought it. And
lacking that, it may be extremely difficult to know what
to do with the business once it is acquired—and then of
course it’s too late.
“I didn’t buy my first business until I was 31,” he said.
That was Sampson Paint, which he purchased from the
daughters of the founder and soon remade into a greatly
expanded business with retail stores across two states.
Genovese had been a consultant to the company while
he worked for Coopers & Lybrand. Sampson Paint later
named Genovese president in 1980 and he bought the
Richmond-based company outright a year later. He had
a vision for Sampson, saw the upside potential then dor-
mant in the business and devised a four-year plan for his
exit strategy. Genovese renamed the company Sampson
Coatings, and began to focus on untapped markets such as
for architectural paint. He stressed customer service, and
brought financial discipline to bear on the business. Sig-
nificantly, he is credited with creating much of the market-
ing buzz that elevated Sampson from a regional company
based in Richmond to a southern paint company—all via
a distributor network based on loyalty. Genovese said a
commitment to people is as important as any capital in-
vestment. He sold Sampson in 1985 to Pennsylvania-based
Penn Color, then turned his sights to another challenge.
28 • DARDEN Spring 2007
A Bird-in-the-Hand
Darden Professor Saras Sarasvathy
has studied entrepreneurs extensively.
From her findings she developed the
Bird-in-Hand principle—a set of tools
to help novice entrepreneurs evaluate
themselves and their ideas to create
the edge for success. The principle is
built around three fundamental ques-
tions: Who am I? What do I know? Who
do I know?
Sticking very closely to the answers to these questions helps
the entrepreneur decide not only what to do, but what not to do.
“The problem with most novice entrepreneurs is not that they
do not have great new ideas for ventures, it is that they have too
many,” she observed. “They see opportunities everywhere and
feel tempted to expand product lines too soon or jump into too
many new market segments all at once. Especially if they have
some initial success, it is easy to feel prescient (they might believe
they can clearly predict the future) as well as omnipotent (believ-
ing they can achieve the improbable).”
The bird-in-hand principle does two things: It tells you that
you need not wait for the blockbuster idea or the multibillion dol-
lar opportunity to come your way. You can begin with a simple
problem for which you see an implementable solution—or even
something that you simply believe would be fun to attempt—
and go for it.
Second, it tells you not to run after all kinds of imagined
“fantastic” opportunities that require you to chase money you do
not have, work with people you’re not sure you like, or deal with
technologies and markets about which you know little and so
have to run after breathlessly to keep up with them.
“In other words, when you use the bird-in-hand principle, start-
ing a new venture is no longer an incredibly risky act of heroism,”
Sarasvathy observed. “It is something you can do within the con-
straints and possibilities of your normal life. You can start a new
venture anytime you want. You can get started now.”
Making a turnaround work to advantage is all about under-
standing size constraints—being realistic about what is possible
with an existing enterprise—and having a solid plan for exiting
the business when it’s time to sell, Genovese said.
He smiles slightly when mulling the business owner who
wants to learn everything, fast, flip the property and dash on to
the next project. He says, simply, “It takes 20 years to gain 20
years of experience.”
During a visit to Darden in late spring Genovese said condi-
tions are right to sell a company. Earnings are strong; interest
rates are still relatively low, he said, “so people buying them
can borrow money fairly cheap.”
Resources:
Darden Business Publishing maintains an extensive case collection of top-
ics under the heading Entrepreneurship & Innovation, including product
development, private equity and venture capital, business plans, strategy
and marketing, managing growth and sustaining innovation. Visit Darden
Business Publishing through the main Darden website (click the link in the
upper right-hand corner): www.Darden.Virginia.edu.
Conduct Due Diligence: on your idea and yourself
A myth about entrepreneurs is that they exclusively want to make money. Well, yes, entrepreneurs do start out with the idea of making
money. But most quickly face the fact that making money is just one necessary condition—not even the most vital condition—for suc-
cessful entrepreneurship. Making money is a positive side effect of bringing together and managing resources and people to accom-
plish something realistically doable and worth doing. So in building a robust business organization, an entrepreneur has to want more
than merely to make money. An entrepreneur must cultivate and cherish more immediate reasons for getting up in the morning and
facing the daily tasks of running a new venture. So before the business plan is written, answer these questions:

Is it doable?
Technological feasibility
• Is the technology for your product
already available, or is it still in develop-
ment?
• If the latter, what stage of development
is it in and what can go wrong?
• If the former, is anyone else using it to
develop the same product/service as
you?
• If not, why has no one done so yet?
• If so, who are they and how does that
affect your prospects?
• What kind of entry barriers for the future
does your technology provide?
• How long would those entry barriers
last should your idea prove to be a high
potential opportunity?
• What are your technological risks? List
reasons why the end user might not
want to
• use your technology even though your
product/service might be technologi-
cally superior.
• What other nascent technologies might
become competition in the future—
one year from now, five years from now,
a few decades from now?
Market feasibility
• Do I want to do it?
• What turns me on about it?
• Why do I want to do it?
• Is it worth doing?
• Financial feasibility
• Can I do it?
• What will it take to do it?
• Who else do I need?
Market feasibility (product)
• What exactly are you selling?
• Is it a technology looking for a market or
vice versa?
• How do you define your niche?
• How is the need being filled now?
• Who/what is the competition?
• Advantages/disadvantages of the prod-
uct/service
• Why your product? (differentiation/
uniqueness/proprietary)
Customer
• Who is your customer? (a typical profile)
• Will the customer pay enough? Can you
charge enough?
• What critical factors will lead you most
quickly to your customer base?
Market
• How large is the market?
• What is its structure?
• How fast is it growing?
• Where could future competition come
from?
Economic feasibility
• Are there any obvious roadblocks from
the government—both local and na-
tional?
• Is the international situation likely to
change?
• What is your exit strategy?
Timing
• Are you in the path of a paradigm shift?
• Are you too far ahead of the times?
• What is the shape and duration of the
“window” for this opportunity?
Is it worth doing?
Financial feasibility
• What are the initial outlays of funds re-
quired?
• What would convince an investor to
contribute those funds?
• If you personally owned those funds,
would you invest them in this idea?
• How is the financing connected to the
timing issue? (breakeven, burn rate)
• Develop a set of financial forecasts.
• State the primary financial assumptions
for your projections.
• How sensitive are your projections to
changes in price, technology, competi-
tion, and your own growth?
• Develop best-case and worst-case finan-
cial scenarios.
Can I do it?
• What is it going to take? Every idea is dif-
ferent in terms of exactly what it would
take to build it into a business, but some
general negative expectations might
include:
• Long and often unpredictable work
hours
• Setbacks and disappointments along the
way including the possibility of major
failures
• An arduous and sometimes awkward
learning process with regard to dealing
with people—including hiring and firing
• Negotiating tough contracts
• Dealing with rejections of various types
• Sustaining the best stakeholders
through bad times such as cash
crunches
• A realistic understanding of some of the
negative experiences, combined with a
strong positive motivation is considered
the essential recipe for long-term suc-
cess in entrepreneurship.
Why you?
• What special strengths do you bring to
this enterprise?
• What are your relevant weaknesses and
how will you overcome or compensate
for them?
Do I want to do it?
Does it turn you on?
Why do you want to do this—really?
What are your exit strategies?

DARDEN Spring 2007 • 29

Reunion ‘07
 Around Darden:
Career Development Center
Company Relationships: Breadth, or Depth?
At the beginning of the two-year 50th Anniversary Celebration,
I issued the challenge to bring 50 new recruiting companies to
Darden before Reunion 2007. Reunion has just concluded (as a
member of the reunion Class of 1987, I can confidently say it was
a resounding success), and Darden Alumni delivered, again. Since
fall of 2005, we have significantly exceeded our target of 50 new
companies making offers to Darden students; most of those came
to Grounds to interview. Thank you for leading your companies’
recruiting efforts.
This year’s graduating class will head to more than 20 industries
in all functions. The largest functions are finance (36 percent),
consulting (26 percent), general management (24 percent), and
marketing (10 percent). Our recruiting companies have made
more than 400 offers to the Class of 2007, and we are still count-
ing. A growth economy has triggered hiring in almost all industry
sectors, and investment banks and management consulting firms
have increased their talent needs. Darden has a tremendous
breadth of companies, representing nearly every industry and
student interest. We are not satisfied, though: there are still key
gaps in our portfolio and we have plans in place to attract those
companies to our students.
But what will happen when the economy softens? And hence
my question: breadth or depth?
In an economic downturn, I believe it is our depth of corporate
relationships that will sustain our school and meet our recruiting
needs. Are we there yet? Probably not, but Dean Bruner and I have
deep corporate partnerships as one of our key priorities in the
coming year.
What does that mean—deep corporate partnerships?
Darden needs partners that are like business alliances. In their
book Alliance Competence, Darden Professors Robert Spekman
and Lynn Isabella cover eight characteristics needed for a suc-
cessful alliance: trust, commitment, recognized interdependence,
symmetry, open communication, joint planning, coordination of
work, and cultural compatibility. Darden seeks partnerships that
extend beyond just recruiting (acquiring talent) to Executive Edu-
cation and sending employees to the MBA for Executives program
(developing talent). Our partners are involved in case writing
and sponsoring research. Our partners provide scholarships and
actively promote business education to their employees. More
than anything we seek partners who are interdependent—we want
Darden to be vital to your talent management strategies.
Since the Career Development Center is often where your
relationship with Darden begins, we want to encourage and assist
you in deepening your relationship. Call me or your client services
manager to make an appointment with a faculty member or the
dean, and let’s build an alliance relationship. 434-924-7685.
Everette Fortner
Director, Career Development
FortnerE@Darden.Virginia.edu
32 • DARDEN Spring 2007
Around Darden:
Alumni Relations
Mark your calendars, 2s and 8s for Reunion 2008. April 18–20
Leadership weekend for the alumni board is Sept. 21–22.
Greetings from Darden, where we recently concluded our
celebration of the school’s 50th anniversary with one of the
best-attended Reunions in our history. More than 600 alums, their
spouses, children and partners turned out for three days of fun,
while reconnecting with friends.
Part of my job in Alumni Relations is to collaborate with other
Darden professional staff in the development of meaningful
programs and services that help our alumni maintain that con-
nection year ’round. Our goal is to keep Darden relevant for all
alumni not only during their careers but throughout their lives.
As part of this effort, this spring we distributed a survey to
all alums, seeking their opinion on virtually every aspect of
the School—from the curriculum, career services and continu-
ing education, to the ways we communicate with you. I cannot
overstate the importance of this survey, as your responses will
be used to focus and guide the Darden enterprise well into the
future.
Our Lifelong Learning initiative began February in New York
with a seminar on entrepreneurial skills. Lifelong Learning
continues this summer as Darden Executive Education faculty
and staff head for Asia to deliver a program titled “Innovation vs.
Acquisition: Determining the Critical Path for Strategic Growth.”
This will be offered in Singapore, Shanghai, and Tokyo, preceded
by alumni receptions at each venue. You’ll soon be hearing more
about this exciting program.
You’ll also be interested to learn about the adventures of the
Darden 120 Club­—professors John Colley, Alec Horniman, and
Bill Sihler, each of whom arrived at Darden in 1967. Between the
three, they bring 120 years of dedicated teaching experience to
the school, as well as a host of memories. They’ve been taking
their act on the road to share with alumni, most recently in Wash-
ington, D.C. in March. They also took the stage at Darden during
Reunion. You won’t want to miss this very special opportunity to
enjoy the living history of the School. In fact, there’s an article
about the 120 Club in the issue you now hold in your hands.
As the year progresses, we’ll be announcing other new pro-
grams and opportunities for alumni to keep the connection alive.
Whether we meet on Grounds or somewhere down the road,
I look forward to seeing you soon.
This late news just in from the class of ’66: Harry Ben-
ner reports that his second grandchild, Elizabeth Catherine,
was born recently. Bob Lloyd and his wife Margaret recently
moved from London (the place where it never rains) to Virginia
Beach. Herb Crowder sports a great condominium overlooking
the Blue Ridge Mountains. We think the punch list has been
completed.
Michael Woodfolk
Vice President of Alumni Relations
434-243-8909
WoodfolkM@darden.virginia.edu
 Reinemund receives 2007 Abbott Award
Steven S Reinemund (MBA ’78) received the Charles C.
Abbott Award during Reunion Weekend in April. The
annual Abbott Award is the highest honor that the
Darden School Alumni Association can bestow.
The retired CEO and Chairman of PepsiCo, Reine-
mund was recognized for his longstanding dedication to
the Darden School mission of devleoping leaders in the
world of practical affairs.
In the photo, Reinemund, (right), receives the Abbott
Award from Bryan Simms (MBA ’94) chairman of the
alumni board.

Class Notes
’57
E. Stuart Quarngesser
There were a number of “wonderful surprises”
the School had for our class at our 50th
Reunion, April 20-22. It is a challenge for me
to be able to communicate with proper words,
expressing on behalf of the Class, our feelings
of gratitude, emotions, and maybe downright
awe.
Friday afternoon at 5:40 p.m., I walked down
the hill to the Gatehouse and took the elevator
down to the Pub to check on the preparations
for our deluxe bar and buffet Dinner. I was 15
minutes early, and when the door opened,
I saw the assistant general manager of the
Abbott Dining Center and Sponsors Executive
Residence, addressing the staff about what tasks
they were expected to perform. Our eyes met
and I realized I wasn’t supposed to be there. I
never left the elevator and pushed the button
to close the door and go to the upper level. That
experience gave me the clue that the events
of the evening were well-organized and I need
not worry. As I walked around to the Executive
Residence Building and down the stairs and out
onto the courtyard of the Pub, I remembered
seeing from the elevator door into the Pub a
beautiful scene of plates and vases, and flowers
on every table.
At 6 p.m. sharp, my classmates, wives,
and guests arrived in the courtyard and while
enjoying their cocktails, the UVA Southern
Gentlemen, an a Capella singing group, regaled
us with three renditions of toe-tapping songs
arranged to allow four excellent solo vocalists
to sing.
Our special guests were Charles Cortez
Abbott, Jr. (Cort) and his wife, Byrd; Elaine
Ruggieri, former Darden School vice president
for public relations; John Forbes and his wife,
Mary Elizabeth; and Patrice Farley. John gave a
speech, which—as always - included intriguing
and cutely off-color jokes.
As the event was coming to a close, many,
if not all, made positive comments about the
table decorations and the delicious dinner. I can
tell you some of us were absolutely stunned
by the experience. Days later, after I came back
to Baltimore, I called Mary Ann to describe
for me the table decorations and menu. She
consulted several of her friends and faxed to
me the information that the flowers were long-
stemmed red tulips in tall, glass cylinder vases
that were elegant with the taupe napkins in
tall wine glasses, taupe tablecloths, and golden
chargers (serving plates). The dinner menu
was beef tenderloin, potatoes, salmon, green
beans, preceded by crab salad atop the golden
chargers. Dessert was cheesecake with various
toppings. The table decorations, the delicious
menu, the excellent servers, including the bar,
and the Southern Gentlemen were certainly a
“wonderful surprise”.
Saturday morning the reunion classes and
their spouses and friends and families were
invited to the Abbott Center Auditorium for the
traditional Dean’s State of the School Speech.
This year it was an extended program because
of the 50th Anniversary celebration.
Ken White, vice president of communication
and marketing, welcomed the audience. Our
class was seated in the first row with bright
orange stoles draped over our necks and
shoulders, with both ends running well down
the front. Before I knew it, we were standing
on the front of the stage, shoulder-to-shoulder
across the stage. The audience applauded loud
and long and then we returned to our seats.
I could not feel more proud of our class and
privileged to be a member. As I reflected on
the “wonderful surprise” it became absolutely
clear to me that after the two-year horrendous
burden of the “Darden Experience,” I felt a huge
relief and sense of pride and accomplishment
when I learned that I would graduate with my
class. However, the recognition on the stage
with my classmates was beyond the graduation.
I don’t believe I am alone in describing my
feelings about being on the stage with my class
and the ovation.
After this, Bryan Simms, chairman of the
alumni board, presented the Annual Fund check
to Dean Bruner in the amount of $2,229,919.00.
Warren Thompson, last year’s recipient of
the Abbott Award, presented this year’s Abbot
Award to his former boss, Steve Reinemund.
Touch of irony?
Dean Bruner looks ahead 50 years to an
ever more successful School. He’s increasing the
faculty by 20 percent, creating research centers
from which the faculty may draw, and creating
a global presence for Darden—all of which will
enhance Darden’s rankings.
It’s a very noble commitment, to work
for a goal that continues beyond the average
deanship of 10 years.
Finally, Professors John Colley, Bill Sihler,
and Alec Horniman held forth with jokes and
seriousness. They had presented their “Road
Show” to the Baltimore and Washington

www.darden.virginia.edu • 33
Class Notes
Chapters at the Washington, D.C. Army-Navy
Club in March. It’s good stuff. In addition to
these three, Brandt Allen, Bob Landel, and Alan
Beckenstein are the last professors hired by
Dean Abbott. We gotta save these guys.
Another “wonderful surprise” was our
Saturday Evening Dinner in the Library. As we
wore tuxedos, the school provided white orchid
wrist corsages for the ladies. The table flowers
were white lilies, white stock, lots of green
foliage atop admiral-blue tablecloths, and
brown napkins. We enjoyed a wonderful garden
salad, shrimp cocktail, oso bucco, mashed
potatoes, salmon, asparagus, and cheesecake
dessert with various toppings. There were two
chocolate fondue fountains with a generous
supply of large strawberries.
Our special guests for Saturday evening
were John Forbes and Mary Elizabeth. Dean
Bruner and Michael Woodfolk also visited
us, and this time the Dean spoke from
the podium. He included in his speech his
acknowledgement and thanks for our class
gift—the Honor Code attractively presented
on durable material to be placed in every
classroom and to replace the cardboard
placards that had become dog-eared over the
years. The idea came from Gene Crotty. Tyson
Janney, Harry Lewis, and Dick Wilson, who
executed the idea magnificently.
John Forbes followed up with more jokes.
I think the last “wonderful surprise” was the
fireworks, which were for every class. I was
standing alongside of Dean Bruner as the
fireworks began, as bright and loud as any I
had seen or heard before, and I asked if he
would receive a call from the president of the
university, John Casteen, on Monday morning. I
don’t believe any school on any of the grounds,
ever had fireworks. The only episode close to
such violence might be when a student shot
and killed a professor during Mr. Jefferson’s
time.
The Class of ‘57 takes the stage at Reunion to symbolically seal a time capsule commemorating Darden’s 50th Anniversary.
34 • DARDEN Spring 2007
The school treated us well from the
beginning of September 2005 and so very, very
well through to the end of the 50th anniversary
celebrations. We returned at 100 percent for
our 40th and 86 percent for our 50th. The time
has come when some of our classmates cannot
travel. However, 86 percent is a phenomenal
performance, testifying to our loyalty to the
School, which was acknowledged in spades
that weekend.
The School’s “wonderful surprises” are on
top of the changes our class made to have a
reunion like no other; one we would never
forget. One we would always remember—
which was a request Harry Lewis made in a note
to me in a classroom some years ago where
Dean Harris was giving the State of the School
Address. Later, Harry wanted to talk about an
album of classmates’ photos with mini-bios.
I asked Dick Bell, Harvey Fitzgerald, Lee
LeCompte, Tyson Janney, and Lewis Flynn and
his wife, Sally, to meet at Jim Field’s home to
brainstorm ideas for Harry’s request. Harvey
and Lee had long round trips, and Jim and Jane
were gracious to host the group and serve
lunch. No significant ideas came forth, and in
maybe an hour and a half or less, the group
left without lunch, leaving Jim and Jane with
enough tuna fish sandwiches three times a day
for a week.
Six months later, Dick Wilson came up
with a wonderful idea that worked. During our
two years in school, Arthur Pleasants took
423 photographs of us. He gave them to me
as custodian of our Class. Later, I was given
seven from Al Powell and three from Jim Fields,
totaling 433. These photos were displayed on
both sides of four easels at our 35th and 40th
Reunions when we stayed at the Farmington
Country Club. Dick suggested we put these
photos on a DVD and show these in a classroom
on Saturday morning.
I showed 20 photos to Andy Krause,
former-vice president of development for the
Darden Foundation, to see if he would put
them on a DVD for each of our classmates.
He was blown away by the vintage cars and
wanted to know in what venue Tyson Janney
was dancing with Mattie Perkins, administrative
assistant to Forest Keller. He thought the DVDs
should include music of the era. I was able to
supply him with 104 pages of the top 100 songs
each week of the two years we were in school.
These are the DVDs you were given Saturday
morning. By himself, and for good reason, Dick
was able to take out the photos that seemed
redundant and organized the rest into various
categories that you saw Saturday morning. This
format worked best for him in interacting with
the Class as he showed the photos.
I asked Dick Wilson to be chairman of our
50th Reunion because it was a very special
occasion for both our class and the School. I
know his managerial skills working with others,
and the devotion and dedication he has to
accomplish a task and get it right. And I know
he enjoys the responsibility and challenge. He
formed a Reunion Committee: Gene Crotty, Jim
Fields, Tyson Janney, Harry Lewis, Art Pleasants,
and me. Work was shared among us. We met
four times at the School in a classroom. Nora
Kantwill, from the Foundation, was assigned
to our Class to help with whatever our needs
were, and she had lunch with us at the Abbott
Center, hosted by the school. Melissa Gardiner
of Alumni Relations also kept in touch with our
needs and kindly let us have our Saturday Night
Dinner in the Library, where we had been at our
40th Reunion. The development of the DVD was
ongoing as Dick chose words for categories,
print size, etc.
The elephant in the room that took the
most time and effort was the Reunion Booklet
that is dedicated to the original faculty. A
watercolor picture of Monroe Hall on the main
grounds, where the school began, furnished
by Gene Crotty, is on the front cover. At Dick’s
invitation, Dean Bruner supplied a letter to be
a page in the book. Tyson wrote the dedication
to the founding faculty, who are listed with
photos. Between the dean’s letter and the
Faculty and Curriculum, there are 33 color
photos and a large black and white of reunions
past.
There is Tyson’s complete article, “Looking
Back 25 Years entitled A = L + OE and a Whole Lot
More,” in which he described the personalities
of all the professors. In this article, Tyson’s
humor is on display as well as his serious side,
and he includes the famous speech of Henry
McWane, who was president of Lynchburg
Foundry, chairman of the Sponsor Trustees,
and a member of the Board of Visitors of the
University. It was the Sponsor Trustees who
finally raised the money, over a million dollars
(in the early 1950s that was a lot of money),
and President of the University, Colgate Darden
Jr., was able to persuade the legislators in
Richmond to match that figure to open the
School in September of 1955. Quoting the
end of McWane’s speech to the students and
faculty in the main classroom, celebrating the
beginning of the school:
“I am a great believer in the distinction of
‘firsts.’ To be the first in anything is next to being
a champion. As the annals of this School are
recorded in the years ahead, as it grows in stature
at the state, the regional and the national level,
I predict that your own pride will swell when
you can someday relate to your grandchildren
the distinctive fact that you were in the first
graduating class of the first (completely separate
building and faculty) Graduate School of Business
in the South. I envy you.”
The most intensive task for the booklet was
organizing the mini-bios, including two photos.
Another two photos of each of us were taken
from the different photos the School had and
from the 433 Photos given to me and put on
the DVD so that if all four photos were good
they were included on the mini-bios. Some only
had three photos. If the widows did not want to
write the mini-bios, members of the committee
did—Tyson wrote three, Dick wrote two,
and I wrote one. Dick was working with Gary
Peters and Victoria Spah in the department
that produces videos and printed work for the
School. The equipment they use is staggering.
It seems to me what Hollywood looks like.
Toward the end, Victoria and Dick worked on
these pages, and Dick spent the night so he and
Victoria could complete the job the next day.
Our schedule on Saturday morning began
in a classroom with an easy talk to us by Gene
Crotty sitting behind a desk punctuating his
remarks with jokes about himself and others. I
keep telling him he is a truly gifted speaker. One
time he told me, “Well, I’ve had a lot of practice.”
I watch WETA, public television for Northern
Virginia, D.C., and Maryland, and when I turned
on the TV early one afternoon, Gene was in the
middle of his speech to a group of people in the
Library of Congress, to which he had given one
of his books on Mr. Jefferson. I’d say that’s darn
good practice.
Following this was the DVD presentation
by Dick Wilson, followed by our time in the
auditorium, followed by lunch, and then
we took the bus to Montpelier to see the
restoration of James Madison’s house back to
its original plan. This trip was Tyson’s idea, and
everyone was pleased with it.
Reunion Saturday afternoons have
historically been left open for rest and
relaxation or any other activity, but our reunion
committee, at the suggestion of Tyson Janney,
decided to offer this reunion a special trip. That
trip was a visit to Montpelier, President James
Madison’s historic 2,400 acre estate in Orange
County.
Montpelier has been undergoing an
extensive multi-million dollar restoration of
the original building as well as the opening
of a brand new visitors center. Our visit was
significantly enhanced by the cordial greeting
and active participation of Michael Quinn,
President of The Montpelier Foundation and
John Jeans, Director of Restoration who made
excellent visual and narrative presentations
prior to personally conducting our tour of the
house. As you can imagine, their knowledge
and insight into this ambitious undertaking was
a rare and special treat.
We shall always be indebted to both
Michael and John for their gracious hospitality
and giving up their normally free-from-work
Saturday afternoon to be with our Class.
On the bus ride back to Charlottesville, it
was my sense that the visit and trip back into
our early history—reminding us of Madison’s
Constitution and subsequent Bill of Rights—
was enjoyed and appreciated by all. Hopefully,
many in the class will be inspired by their
visit to become contributing members to The
Montpelier Foundation and the continuation of
their restorative work.
Dick Wilson was awarded a crystal vase
with words etched: “J. Richard Wilson, MBA
1957, Outstanding Chairman, 50th Reunion, First
Graduating Class, Darden School of Business,
UVA, April 20-22, 2007.” There was a Marine
Corps insignia below the inscription.
Anne Wilson was awarded an 8” x 10” silver
picture frame engraved: “Ladies of the First
Class.” A photograph of all the ladies was taken
by Arthur Pleasants Sunday morning at a lovely
brunch hosted by Sally and Tyson at their
home. The photo is for the picture frame. Anne
was awarded another 8” x 10” silver picture
frame engraved: “Chairman and Mrs. J. Richard
Wilson.” A photo of Anne and Dick in a tuxedo
was taken by Arthur Pleasants at the Saturday
Night Dinner for the second frame. A black-
straw beach bag was given to Anne to carry the
frames. Dick was given a wild, bright-colored,
striped carry-on bag with pull-out handle and
wheels to carry the 14-pound vase.
Sally and Tyson had a brunch of which
everything was perfectly wonderful: bountiful
buffet, upscale spirits, cooperative weather
for the alfresco diners seeing clearly through
20 miles of Virginia air to the Blue Ridge
Mountains. Why was it perfectly wonderful?
Because Sally and Tyson have had a lot of
practice for this event.
You will never guess who was there: John
Forbes, his wife Mary Elizabeth, and John’s very
close loyal friend, Dana Frye. I believe this is
a record. I don’t think John has ever been to
any other reunion class’ weekend, nor ours,
attending three events.
In January 2006, John had a bad fall which
cracked his pelvic bone, femur, and three ribs.
He was in the Martha Jefferson Hospital for
three days and then moved to the Colonnades
for recovery. Against all rules he went to
his home with a group of people of various
medical skills.
Soon after that he was cared for by his
wife, Mary Elizabeth, Dana Frye, and Patrice
(Patty) Farley, who has degrees in nursing and
massage physiology. From the time of his fall to
the present, these three caregivers, especially
Patty, have helped John walk three miles
without a cane.
I was invited to John’s birthday party April
9, hosted by Patty at her lovely home northwest
of Charlottesville. The 10 of us celebrated his
97th birthday in the warm atmosphere of close
friends. That is when I met Dana and Patty, I felt
very privileged.
On April 12, Professor Emeritus John
Forbes was made a Fellow of the Society of
Architectural Historians, receiving a standing
ovation at their annual meeting, held this year
in Pittsburg.
He had held most of the offices in the
society, from the presidency on down; but
most important was his eight-year tour of duty
as editor of the society’s quarterly journal.
For his editorship, he had previously received
recognition, including honorary membership
in the American Institute of Architects; and, in
addition, the decoration of Officier in the Ordre
des Palmes Academiques from the French
government, and the decoration of Cavaliere
of the Ordine al Merito from the Italian
government.
Following his retirement from the Darden
School in 1980, John offered a course in the
history of painting and architecture for the
next 23 years through the University of Virginia
School of Continuing Education. These classes
were held in a Darden School classroom,
through the kindness of a series of Deans.
Bill and Barbara Arthur, Dick and Anne Bell,
Denny and Marilyn Candler, Jay and Eleanor
Cooper, Gene Crotty, Peter Elliman, Jim and
Jane Fields, Harvie and Carol Fitzgerald, Lew
and Sally Flinn, Woody and Nancy Goss, Tyson
and Sally Janney, Lee and Robbie LeCompte,
www.darden.virginia.edu • 35
Class Notes
Harry and Dearing Lewis, Arthur Pleasants,
Pliny Porter, and Kathrin Stepputat, Jane
Rawlings, Jim Rumsey, Schatz and Joanna
Snyder, Dick and Anne Wilson, Jim and Mary
Ann Willingham, Bonnie Wendt, Jane and
Brink Evans, Brucie Gibbs, and Lucy Kilby, and
John and Mary Elizabeth Forbes made our 50th
Reunion such a success. Thanks to all of you for
coming together for a weekend we will never
forget.
On my honor, I have received aid in writing
these notes from Mary Ann Willingham, Susan
Amiot, and Tyson Janney.—Stuart Quarngesser.
’58 Reunion
Ed Dinwiddie
We will be the second class to celebrate 50
Years out of Darden. The guys before us
put the “bar” way up so we have our work
cut out for us. They had 19 of their 22 (86
percent) return for the April 2007 reunion. Our
eavesdropping uncovered a lottery among
’57 as to what the return percent for ’58 would
be. Let’s go for a complete return!
News from our age group is limited in
subjects: health issues such as by-pass, joint
replacement, GERD etc., travels and now
downsizing. Betty and I are downsizing and
hopefully it will be behind us by the time you
read this. It is pure hell. We will have moved
into University Village. Our unit is on the first
floor, but if we visit friends on the top floor we
look down on the Darden School and the John
Paul Jones Arena, i.e., we will be within walking
distance to the North Grounds. Those long
rides back to Wintergreen after “activities” in
Charlottesville were getting too dangerous.
After the Barge trip out of New Orleans we
joined another from Cincinnati to St Louis. We
wanted to do the upper Mississippi, but the
barge was too long so we were on a paddle
wheeler from Minneapolis-St Paul to St Louis in
October. I went with a small group on a photo
safari to South Africa. Digital photography is
great stuff but I have a lot to learn.
C. Ray Smith remains in powerful advisory
status at Darden. Wait until you see his portrait,
outstanding! Guess we will have to have one
function in the library, or his cottage on the
shores of Lake Monticello. Ray just bought a
new boat. He said, “I can’t believe how long we
had the old one.” Ray and Phyllis have cruised
on “big boats” out of Norfolk and find Norfolk
very accommodating.
Fred Stow was coming to the ’57 reunion
as Kent’s date. She fell getting out of the taxi at
the airport in Houston. They cut the trip short
and went right back home. Kent is okay now
and they will be here for our big one. One of
their recent trips was to Belize, northeast of
Guatemala, for fishing, diving and by the pool
stuff. Fred is off to Bali to attend the wedding of
a classmate’s son. Harvard class, that is.
36 • DARDEN Spring 2007
Reached the Burwell household and was
told they would be in the area visiting young
Ethel who will be attending her reunion at
Sweetbriar. I don’t play golf so Armistead will
have no free time. Their travels have been to
winter in the panhandle of Florida
Charlie Barham was on the way out and
came back to answer the phone. Everybody
relates to that. They have not been traveling
and so had little to add in what little time we
had to chat.
Pope was about to be late for a flight to
Houston. He and a group of friends go up for
the opera. They can catch a matinee as an
extra, consequently they see two in one trip.
Far be it for me to get news from anyone on
that schedule.
Linwood Perkins remains in the property
business in Williamsburg and is working at
transitioning it to their son. He is very involved
with William & Mary, like raising $75M for a new
building. He was on the board of their Mason
School of Business; ran out of terms so is now
an “advisor.” He is also downsizing and was just
an hour away from talking to a realtor about
putting their “big” house on the market. He
reports many such homes for sale in the area.
Arno Niemand has been inducted into
The Hall of Distinguished Wrestling Alumni
of Cornell, recognizing those who have
contributed to the sport of wrestling and their
communities, both on and off the mats. In 1987
he founded Body Bar Systems and now they
sell fitness products world wide. His company
was the pioneer sponsor of the Women’s
National Team that competed in the Olympic
Games in 2004. His contributions to Cornell
have helped to develop the Niemand Fitness
Center in Teagle Hall, Niemand-Robinson
Field for softball, and the Friedman Wrestling
Center. Arno has served on the Cornell Athletic
Advisory Board for over 10 years. Check out the
Body Bar Systems web: bodybar.com.
Bill Brewster, Ray, and I will be working
on the plans for our 50th Reunion, so we will be
contacting your for one reason or another. We
are counting on that 100 percent return
to C’Ville.
’59
John Dodge
Trumpeter Randy Cabell and his band
planned to appear in May at the 400th
Anniversary of Jamestown. Randy had
opened the fall meeting of the Jamestowne
Society with a fanfare from 13th century
Poland (in honor of the Polish glassmakers
known to have lived at Jamestown).
Dick Rutledge writes, “I am now
serving on the University of Virginia’s Alumni
Association Board of Managers, and that I have
launched my campaign on the 75 and over
tennis circuit and got to the semi-finals of the
first tournament.
Claude “Sonny” Pembroke, although
afflicted by some senior maladies, sounded
very enthusiastic about looking after and doing
all the work on his two farms and a sailboat
R. Conley “Patch” Ricker was off again
to his favorite haunts in Thailand to beef up
his tennis prowess in preparation to take on
Rutledge at our 50th.
Jeff Robertson is volunteering for winter
skiing and coaching high school mountain bike
racing. He really feels very good but has given
up sailing—most of us will remember he was a
champion sailor—and his wife is having a great
time gardening in Rochester, MN.
Howie Ulfelder sends this news: “I am
just back from my second trip to Churchill
Downs during a Derby weekend, this time with
considerable frustration. I have been buying
interests in thoroughbreds as a retirement
pastime with a long-time friend from
undergraduate days. Our colt Limehouse ran a
more than respectable fourth in the Derby of
2004 at 40-1 odds which was a treat. Yesterday
our filly Cotton Blossom ran in the Oaks which
is the filly equivalent of the Derby and went to
the post at 13-1. She was coming up the rail
at the stretch turn just about to take the lead
when she was cut off by the leader, had to
check, and lost all chance to win. Such is racing!
It rained on us both years, which didn’t help
our dispositions, but racing at that level is a
blast. Both horses have run in the Breeder’s Cup
which is the world series of racing.
“Susie and I are well and healthy with six
active grandchildren and a myriad of interests
as we approach our 49th anniversary, which
we will celebrate in Paris. We have homes in
Cambridge, Mass and New Ipswich, NH and
would love to see anyone who comes our way.”
Wally Stettinius is still teaching at Darden
and praying for his first great-grandchild (and
probably more).
In sad news, Charles “Fred” Sargent
died Jan. 12. He was 89. Fred is survived by his
second wife Marjorie Frame Sargent.
A World War II veteran, Fred received bachelor’s
and master’s degrees from MIT’s School of
Engineering, later working for the Celanese
Corp. as a chemical engineer. At Darden, Fred
had the highest grade point average until the
date that the school stopped computing GPAs
in the MBA program. Fred joined the Darden
faculty in 1961 and retired as chairman of the
school’s finance department in 1987. Fred
devoted his retirement years to breeding and
racing horses.
Class Secretary John Dodge notes, “I
miss our regular meetings with Fred where
he delighted in chocolate ice cream and a
generous topping of sauce. Fred was the
greatest and most incisive student and teacher
I have ever known.”
The class secretary also writes, “I visited my
daughter and wonderful grandchildren in their
favorite winter home, Kona, HI. Anne I are well
and looking forward to seeing everyone at
our 50th.”
’60
Jim Fowler
Dick Wise reports that in February of 2006
he retired from Cubic Corp. in San Diego after
10 years of service. Prior to joining Cubic he
had spent 30-plus years at Ford Aerospace
(Now Lockheed Martin) in Newport Beach.
Classmates will recall that he spent four years
in the Navy as a pilot.
As to retirement, Dick opines, “It has
been a traumatic experience for me, but I am
managing to struggle through it. I no longer
wake up at 5 a.m. and get home at 7 p.m.
Instead, the days seem a good bit longer now,
though I still can’t accomplish everything I set
out to do each day. My wife Betty and I have a
vacation home in the Sierra foothills of Calveras
County, due east of San Francisco where we
spend several weeks each year. The last time we
went there, in March, we arrived after a storm
to find four feet of snow on the ground with
drifts over my head. In addition we lost power
for three days and had to use lots of firewood
to survive. This past year was especially busy
for us up there because, due to fire problems in
California, the state changed its fire clearance
regulations from 30 feet around structures to
100 feet. As a result I have been quite busy
cutting and raking my little acre to meet the
new requirements. We enjoy the location very
much but could have done without quite so
much physical labor. My children, Carol, Patty,
Andy, Valerie and Laura are all on their own and
seem to be doing well. Carol is a professor at
the University of Southern California and the
others are married with families of their own.”
Mort Williams, also a former Navy aviator
and captain (USNR, ret.) married the lovely
Grazia Girod last July. Those who attended our
45th reunion in 2005 had the good fortune to
meet this elegant lady. Their union brings with
it two homes, one in Briarcliff manor and the
other in Garrison. Aside from this Westchester
real estate merger, Mort and Grazia have seven
children: Caroline and Nicole are Grazia’s while
Mort adds Adele, David, Parthenia, Sarah and
Jane plus nine grandchildren. Last fall Grazia
and Mort toured northern Italy starting in
Milan and ending in Torino before going north
to Switzerland for some Girod family events,
including a wedding reception party for those
Europeans unable to attend the July nuptials.
Currently Mort is in the final stages of outpatient
physical therapy at the Burke Rehabilitation
Hospital in White Plains, NY, following the
replacement of his right knee. A particularly
optimistic sort of fellow, Mort is already
planning similar surgery for his left knee.
Ben Weimer reports that he and Cay
recently returned from a delightful fly fishing
junket in Argentina. Their first fishing camp
was near Trevelin in Southern Patagonia, and
the second was a few hundred miles north at
San Martin de los Andes, which is at the foot of
Volcan Lanin, the second highest peak in the
country. Ben almost ran out of adjectives to
extol the beautiful scenery and the wonderful
wines. The Weimers were full of praise for their
hosts and guides. The accommodations and
food were given very high marks. I hope Ben
and Cay will consider doing a short piece for
the National Geographic.
Suzanne and John Sinwell will be
returning to Virginia this May in order to visit
Lexington and attend John’s 50th reunion at
Washington and Lee. While there, John will
announce the establishment of a marketing
award named for his marketing professor.
Betsy and Jim Fowler left for Venice in mid-
April. Their plan is to cruise along the Dalmatian
Coast.
’61
This is a small-world column concerning Tom
Maher and me (Nathan Bachman).
Tom was one of the few engineers
(chemical engineering, to be precise) in our
entering MBA class. He had worked for DuPont
and Bethlehem Steel. His subsequent career
path was primarily to perform economic
feasibility studies for large capital projects, i.e.
steel, cement and country infrastructure in
Korea, Vietnam, and Southeast Asia.
Of course, Tom is long since retired and
living in Cartersville, GA, with wife, Helen.
As this column is being composed, they are
about to head north to Omena, MI. Her family’s
100-year-old cottage was owned by her
grandfather.
Now to the small world aspect.
Unbeknownst to either of us, Tom and I lived
in the same town in suburban Philadelphia:
Swarthmore. We lived on the same street,
Rugby Avenue. We attended the same local
school, Swarthmore High School. We were in
the same place but not at the same time.
Tom’s grandfather, General John T. Wilder
was a Civil War hero. He outfitted his Brigade
with Spencer repeating rifles at his own
expense and mounted them on horseback.
The Wilder Brigade monument is the largest
one in Chickamauga Battle Park, just south
of Chattanooga in Georgia. After the war he
continued his career as an industrialist in
steel, coal and rails. Tom’s great grandfather
was buried by my great grandfather. Wilder’s
daughter, Edith Wilder Scott, Tom’s great aunt,
instructed Tom to look me up when he got to
Darden. Edith Scott was a friend of my mother
who lived in the Philadelphia area. Small world!
Tom is the newly designated Class Agent so
you will hear from him in due course.
American Cancer Society Honors
Darden Trustee
The American Cancer Society presented
its Medal of Honor to Darden Trustee
William Goodwin Jr. (MBA ‘66) and his
wife Alice for cancer philanthropy, during
the society’s annual meeting Nov. 17 in
New York.
Founded in 1949, the medal is the
society’s highest honor and is given to
individuals who have made outstanding
contributions to the fight against cancer.
The Goodwins have made tremendous
contributions to cancer research and
higher education. In 2002 they created
the Commonwealth Foundation for
Cancer Research and have pledged $88.5
million to six cancer centers throughout
the country through this foundation.
These centers have received donations
valued in the millions of dollars from the
Foundation: the Virginia Commonwealth
Health System’s Massey Cancer Center;
Memorial-Sloan Kettering Cancer Center
in New York; John Hopkins University’s
Oncology Center in Baltimore, University
of Texas M.D. Anderson Cancer Center in
Houston; the Mayo Clinic Cancer Center
in Rochester, MN; and the Cancer Center
in Charlottesville.
The Goodwins have also contributed
$80 million to support research that
helped lead to the development of
Gleevec, a groundbreaking drug used
to treat leukemia and gastrointestinal
tumors. Goodwin also serves as a key
leader in the South Atlantic Division’s
Patient Resource Navigation system
capital campaign. Their philanthropic
efforts also extend outside of cancer
research. They have donated millions
of dollars to the Darden School, the
University of Virginia, and Virginia
Commonwealth University’s School of
Engineering Foundation.
BusinessWeek has reported that the
Goodwins have donated 60 percent
of their wealth to cancer research and
education. The Goodwins are also listed
on the magazine’s 2005 Most Generous
Philanthropists list.
Goodwin is the founder and chairman
of the board of CCA Industries Inc., a
diversified holding company with assets
in various investments and real estate
holdings, including The Jefferson Hotel
in Richmond and the Sea Pines Resort in
Hilton Head Island, S.C.
www.darden.virginia.edu • 37
Class Notes
’62
Fred Gignoux
As smooth as silk is how I would say our 45th
mini-reunion went. The sky was clear, the
temperature perfect with the Dogwoods
blooming and we had several beautiful spring
days in Charlottesville. Nine couples had
dinner at Fred and Struther Gignoux’s house
on Friday night. Coming the farthest had to
be Jim and Nancy Dunton from Pasadena,
CA. Jim is still working in the investment on
the coast and Nancy is still riding with several
horses in the barn. Their daughter much to my
interest is studying jazz piano.
Waller and Judy Harris came in from
Bloomfield, MI. Waller says because he is a
good listener he has become the wise man of
the neighborhood, and all ages come to him
to discuss decisions to be made and just to
talk (we all might learn from this.) He says even
his son-in-laws and grandchildren want to be
around him.
Joe and Rita Hawranek are living in
Arizona. Joe is ready to retire and has still to
make up his mind where they will retire. They
have taken two trips to New Zealand and
narrowed their choice to two cities there, both
on the water. Joe says New Zealand is the only
palce left that’s safe where you can still get “a
bang for the buck.” Rita mentioned that they
also looked at New Mexico, but wisely she told
me it’s Joe’s call.
The Staats, Alan and Barbara (the
newlyweds), both have moved into their golden
years with a tremendous amount of vigor. I was
lucky enough to sit with them Saturday night
for dinner at Darden and learned about both of
their careers; Alan moving oil tankers for Exxon
and Barbara’s adventures in Europe.
Even though John and Nancy Kennedy
could only stay for Friday night, they had to
drive back to Florida, I found out they were still
living in West Palm Beach. John is consulting
and Nancy working in her own import business.
It certainly was wonderful for them to come all
this way for the day.
We were also lucky to be able to have
Howard and Pat Lawrence for Friday night
before having to go home that evening.
Howard had seen Charlie and Mimi Mackall
(both well) lately. He also had dinner with Molly
Munday and her new husband at a neighbor’s
house.
Troost and Kathy Parker also joined us
for dinner on Friday before having to leave for
West Virginia on Saturday morning to spend the
weekend in their new house.
It was also great to see R. “Wheat” and
Dale Wallenborn with us for the two days. Both
looked great and I had a nice talk with Wheat
on how the City of Charlottesville had changed
since he grew up here. The conclusion we came
to was it has grown uncontrollably large since
the ’40s and ’50s.
38 • DARDEN Spring 2007
To complete our day the university sent to
the house a singing group called the Virginia
Gentlemen, who entertained us for about half
an hour with a medley of very cleverly sung
songs. I noticed Jim Dunton still knew most of
the lyrics to them.
Received a nice email from Larry Kellar
saying he would have enjoyed the weekend but
he and Barbara would be in Italy and would join
us for our 50th.
’63 Reunion
John Wright
wpltd@aol.com
Bob Gaines was at Foxfield in May and at
the Darden tent looking for classmates. The
UVA Club of New York had an Amtrak car
that left Friday afternoon from New York and
arrived in Charlottesville that evening. The
next morning the Alumni House sponsored a
bagel breakfast before buses took everyone
to the festivities. A fabulous day with beautiful
weather and horse races too! Darden had a
great tent with a catered BBQ buffet, kegs
of beer and an open bar. Sunday afternoon
Amtrak took everyone back to New York.
Bob reports that he will be leaving June
6 to go bicycling in Tuscany with Ciclismo
Classico. He says he has been training during
the winter on spinning equipment at the
Westport YMCA and now with good weather on
his bike in the Pocono Mountains ...Foxfield was
not necessarily part of the training
’64
Dick Tatlow reports, “I am still working for
A.G. Edwards in Mesa, Arizona. However I
have reduced my schedule to two days a
week. My wife, Pat, and I are enjoying living
at the Boulders in Carefree. The community
is terrific as all the folks are from different
walks of life, come from different places, and
were successful at a variety of careers. Along
with the social activities, golf and tennis are
a mainstay. I think I’m getting better at golf;
now if I could just find the ball.
Pat and I will travel to New York tomorrow
for my 50th high school reunion, and will
celebrate her birthday in the city with a New
York day including dinner and the show “Jersey
Boys”. Along the way I will catch up with some
clients.
This past year was a busy one for our son,
Chip. He passed all requirements for CFA, had
a very successful business year, married a
great gal Jenifer, and bought a home in Marin
County, California. Our daughter, Leslie, moved
from Virginia to Denver with the two current
grandchildren, Chapin (7) and Libby (almost
5). All the kids are doing very well as parents
would wish—life is good.
I would love to hear from other classmates
and will past on all correspondence. Should
anyone find themselves in Carefree, Arizona,
please give a shout.
This news from David Walentas: “Two
Trees, our family real estate company, has
become the largest residential builder in
Brooklyn in the last two years with the
construction of 1,000 high-end condominium
and rental apartments. We have just purchased
a large track of land on the far west side
of midtown Manhattan and plan to begin
construction of 1,000 apartments later
this year. Jane has completed the 20-year
restoration of her landmark antique carousel,
PTC 61, which we purchased in 1984 from an
amusement park in Youngstown, OH. It is up
and running in Dumbo. Our son, Jed, age 32,
is working with me and he is better than me
at almost everything. We will be at our farm
in Southampton this summer and I will be
playing high goal polo with Adolpho Cambiaso,
currently the best polo player in the world. We
are all happy, healthy and having fun. Come see
us in Dumbo or Southampton.
’65
Frank Ellet
Ron Wagoner is enjoying retirement and
staying busy with volunteer projects. He
started studying Spanish last fall and now is
assisting Latino families with their finances
and tax preparation. Chuck and Mary Mena
Koches visited with the Wagoners last fall as
past of a 4,000 mile retirement tour around
the country. Chuck lives in Charleston, SC,
close to his immediate family.
Had Talbot is enjoying winters in
Charleston also. He still has his main summer
residence in Katonah, NY. He and Louise will
be going to Lake Como this summer where he
spent eight summers right after Darden.
Hart Gary is a grandfather for the first
time...grandson Alden was born the day before
Easter.
Walter Witschey is retiring on June 30
from the Science Museum of Virginia after
fifteen years as executive director. July 1 he
will join the faculty of Longwood University
as professor of anthropology and science
education. He and Joan are building their
retirement home in Farmville, VA, near
Longwood and Hampden-Sydney. “I’m getting
back into my archeology research on the
Mayan culture, including the ‘Atlas of Ancient
Mayan Sites.’ Just finished teaching ‘the Maya
Collapse’ at Virginia Commonwealth University
as professor of life sciences. Daughter Anne just
bought the newspaper she has managed for a
decade—The Highland Recorder in Monterey,
VA. Our three oldest kids have given us ten
grands.”
Bill Mitchell is working a couple of days
each week at Goddard Space Center preparing
for the fourth and final servicing mission to the
Hubble Space Telescope.
That’s all the news for now. Keep the emails
coming. Best. Frank.
’67
Jim Cappio
News from our 40th Reunion—present were
Vic and Jean Bell, JB and Lois Campbell, Bob
and Ruth Courain, Mike Heavener, Lou and
Ellie Ives, Bruce Jolly, Hugh Key, John and
Charlene Piper, Rich and Joan Reibman,
George and Mollie Wisecarver and your
faithful scribe. Guests included George and
Katie Wisecarver (MBA ’07), Matt Cappio (MBA
’07) and friend Kelly Godfrey.
The event, which coincided with the 50th
Anniversary of the school, was really well
done, including a glorious fireworks display
after dinner Saturday night. The weather was
cooperative and all present had only one
thought—we wished that more classmates had
been able to come.
Discussions ran the gamut from
“retirement” to grandkids. Most agreed that
they were working harder in retirement
than they had planned. Activities included
starting new businesses, traveling, managing
homeowner’s associations, and a surprising
amount of physical activity.
Regrets came from Charlie Foster,
Ravenel Curry and Randy Lyon, who had
board meetings to attend. The Barbees,
Cobbs and Pettys were traveling overseas.
The McNairys were climbing a mountain in
Tennessee. And Sir John Rick was in Paris.
Other notes from classmates: John
Hathaway says, “I am working harder that I
ought to be at this stage, but I guess it’s only
because I enjoy it and there is no future for me
in golf. I have three kids; a recent graduate of
George Wisecarver (MBA ‘67) with son, George, a
member of the graduating Class of 2007.
Colorado College in Colorado Springs (son),
a junior at Davidson (son), and a freshman
at Colorado College (daughter). We live in
Darien, CT, near John Quirk about seven
months a year, and spend 4-5 months in Vail,
CO, especially in the summer.” John is a partner
with Tocqueville Asset Management based in
New York, and manages their precious metals
business.
Dick and Carol Verrone had planned
on attending the Reunion. Unfortunately,
continuing problems with their home in
Wrightsville Beach, NC, which was struck by
lightning last June, made it impossible for them
to attend. Dick reports, “I could write a book on
insurance, believe me. We are indeed fortunate
to have wonderful family and friends who have
cared for us during these stressful times.” They
hope to move back to their home in September.
Gerard Teunissen was unable to attend
the Reunion, but sends his best regards. Gerry’s
work for the U.N. and as a private consultant
in international aid programs spans the globe
over 35 years, and includes Tanganyika, Saudi
Arabia, Liberia, Darfur in the Sudan, Iraq (1976-
1972), Indonesia, Thailand, Viet Nam, Laos,
Cambodia, Madagascar, and Afghanistan. Now
he is living in Woking close to London, and
hopes to attend our next Reunion.
Finally, a sad note. John Warfield died
in February while vacationing in Norway.
From 1980 to 1996, John was founder and
president of the Keokuk Junction Railway. He
also founded the Burlington Junction Railway.
Lou Ives heard John Casteen say earlier this
year that when John Warfield saw the northern
lights in Norway, he had met all of his earthly
objectives.
’68 Reunion
Greg Kilduff
innkeeper@porchesonthejames.com
It’s early April as I write these notes. Spring
in Isle of Wight County is cool and pleasant;
the Dogwoods along with the Redbuds are
almost open. Even our herd of bird seed-
eating deer (these thieving miscreants even
surpass squirrels) was out this morning
actually seeking their own breakfast for a
change. Porches is open for guests, and we’ve
already entertained a few early visitors from
the throng that Jamestown is hoping to entice
for a visit to America’s 400th Birthday. We’re
a short drive and a delightful ferry boat ride
from Jamestown; the party goes on all year.
Classmates are always welcome.
Now to the business at hand. Last fall, in
early November, Jane and I were driving out to
the Navy-Notre Dame football game listening
to NPR when suddenly we realized they were
interviewing Ross Ogden in his capacity as a
national board member of the Red Cross. He
was explaining the board’s efforts to manage
agency governance issues and he sounded
great. I checked with him recently, and while
his board term has ended, he is still active in
the search for the new national CEO and a few
other projects as well. The governance issues
are presently before Congress for action. Ross
is very positive on his experience with the Red
Cross board, including the chance to discuss
its work not only on NPR but with a number
of other media outlets including the New York
Times and the Baltimore Sun.
Significant as all this may be, the real news
from the Ogden family is the birth of their first
granddaughter, Allena Grace Ogden, to their
son, Ross, Jr., and his wife on March 12. Like any
good grandparent, Ross is already working out
tuition estimates for Allie. His working estimate
for UVA tuition in 2025 is $100,000 per year.
It’s unclear whether that is gross or net after
considering the scholarship a child with her
heritage would obviously merit.
Michael Walker sent a note to the effect
that he has joined the Executive Advisory
Council of the College of Business and Public
Administration at Old Dominion University
in Norfolk. This group works with the dean
of the graduate and undergraduate business
programs “on ways to promote and enhance
the substance and image of the College of
Business,” he writes. Congratulations, Mickey, I
can’t think of anyone in the area better suited
for this opportunity.
Recently I had a note from Richard
Huntington who is in Mt. Vernon, IL, working
as vice president of business development
for Good Samaritan Regional Health Center.
His current project is development of a
replacement hospital at a new site. He’s working
on the certificate of need now and hopes to
have construction started by January 2008.
We seem to have more reports of
classmates undertaking service projects of
one sort or another; as I recall last fall, Durant
and Sandy Vick were in Costa Rica doing
church mission work. I think they were there
in the summertime, so they certainly earned
full credit for their efforts. In the interests of
full disclosure, they reported a similar trip in
late February. While they surely were no less
diligent, I must report the weather in Tidewater
Virginia was rather chilly at that time, and I can’t
believe that Southwestern Virginia was any
better. Then there was some mention of “R&R at
Manuel Antonio on the Pacific Coast.” Hmm.
The news from John Rucker seems
encouraging, if difficult. He writes: “I’ve
completed a month of radiation to kill a tumor
on my spine and four months of drug therapy
to lower ‘bad” enzyme levels in my blood
and marrow. Both were successful and the
next step is a stem cell transplant using my
own harvested cells in late May. If that is also
successful I’ll be in an indefinite remission (they
don’t say cure) that hopefully will last the rest of
my natural life....”
www.darden.virginia.edu • 39
Class Notes
He ended with his plan to attend our 40th
Double ’Hoo Phil Stone (MBA ’68, Engi- Reunion next year; we’re looking forward to
neering ’66) channeled a passion so he could jumped seeing you there, John. In the meanwhile, we
off the treadmill and onto a spiritual path. can all maintain e-mail contact at: jrucker@
After a career that took him through the military ruckerco.com.
and a series of real estate corporations, Stone de- Bob Dearth writes of the beginnings of
cided to follow his dream while fulfilling a market retirement plans in Cincinnati. At this point
need. He created an online guide to spiritual retreats their plans focus on downsizing their home
and conference centers, with contact information for locally and spending more vacation time in
the people who run them. The international direc- their new “retirement” home in Cabo San Lucas.
tories draw tens of thousands of visitors a month, He still maintains active management of three
effectively turning Stone’s hobby into a thriving one- businesses: windows, equipment rental, and
restaurant food sales in Cincinnati, which he is
man business.
not ready to leave just yet, but he and Barbara
“In the late ’80s I started really developing an interest in spiritual retreats—find-
are active volunteers in The Over-The-Rhine
ing peace, serenity, finding truth, finding God, finding answers—whatever you’re
Foundation. The foundation is concerned with
looking for as an individual,” Stone said. “By the mid-1990s I thought maybe one of preservation and rejuvenation of an historic
these days I’m going to create a website to help people find retreats in their area.” district in Cincinnati recently recognized as a
Between the idea and the execution lay a wide expanse of technology to be mas- National Trust community.
tered. Stone re-honed his skills for a new direction. Bob also mentioned coming to our 40th “for
“My whole career had been spent as a manger of people and marketing and the first time ever.” That is beginning to sound
technology, but I had forgotten a lot of my technology skills,” he said. “So I bought like a pretty good event.
a PC, started learning how to create web pages. Finally I thought I’ll create this Finally, since no report would be complete
website, findthedivine.com. It took on a life of its own. It grew over the last six years without some mention of Googan Bunn, he
to the point where I have about 1,700 retreat centers. The way it’s listed is similar did write that Carter and Donna Yeatman
to the concept of the Yellow Pages. A basic listing is free, but more elaborate entries have moved to Batesville, AR, which Mr.
with graphics and links cost money.” Bunn describes as Carter’s “ancestral home.”
He started adding to the directory. First there were conference centers, “which I’m unclear whether this move represents a
retirement, but in any event best wishes on
have bigger budgets than little retreat centers,” he said. “Then I added a directory
your return home, Carter.
of people who run the retreats, and a calendar of upcoming events. An employment
So much for this edition. About this time
page. It was like building a house. I didn’t ever think it was going to get this big.”
next year we should be celebrating our 40th
So last year Stone created a new website, seekaretreat.com, which is specifically reunion. More news will follow, but please start
designed for people who have a lot of retreat events, directors and an active calendar. thinking about it now.
The site offers a place for them to advertise their skills to lead a retreat.
“What’s been really fun on this path is about two years ago I quit my day job,”
Stone said. “My whole career has been surrounded with real estate software—either
in finance or information systems, or I’ve been a consultant. So I’ve made this my ’69
day job and devote my full attention to this.” Bill Parham
Carrying an entire business in a computer case also has its benefits. wmparham@aol.com
“My business is my home office, on my laptop, so I just bring my business with George Youmans
me,” he said. “I’m going to Corolla, NC (along the Outer Banks), next week and I’ll Gyou1460@hotmail.com
sit at one of the Internet cafes and tend to this, then go back in the afternoon and Members of our class will remember the
beach it.” admonishment of our Darden professors to
Cultivating the entrepreneurial spirit, Stone says, has given him the opportunity write “paragraphs” in our assignments. We
to get back to the Darden basics he learned 40 years ago. challenged you to send in a few paragraphs
“I get to work in marketing, sales, technology, accounting; I had to set up an and were delighted with the response. On the
LLC,” he said. “So it gives me an opportunity to wear many hats like I’m back in the basis of this participation, we hope to hear
from even more members of the great class of
MBA program, whereas as a manger, you have other people doing it for you. As an
’69. So send us your paragraphs.
entré to retirement, this has been a wonderful opportunity.”
Bill Parham: Cissy and I live in Greensboro,
Stone also leads retreat groups. “My niche is contemplative retreats—silence, NC at 1604 St. Andrews Road 27408, 336-275-
meditation,” he said. “I lead centering prayer groups and I’m on the board of two 4120. This is after the last 10 years in New
retreat centers. so my whole life revolves around this spiritual quest, if you will, York at 304 E. 65th St. and several weekends
whether it’s the business, the retreats, or the board groups I’m on—they all have a a month in Greensboro while I worked for a
common denominator. Although my background is Catholic, I have learned to ap- jacquard weaving upholster company. We are
preciate a divine source that invites all to enjoy this life. There are no restrictions.” southerners who love the south but also love
Findthedivine.com is Phase I of his business plan. Phase II will be to develop an New York. This was a fun lifestyle which worked
interfaith retreat center, somewhere between Washington, Charlottesville, Fredericks- for us.
burg and Richmond. “I’m looking for something that will incorporate this vision, By far, our greatest news is the birth of our
not just on the web, but an actual place,” he said. So many people are overwhelmed first grandchild. McCarthy Moore Spencer is 11
by the hectic pace of life. The bigger path is a spiritual path that sits as an umbrella months old. She has just started walking, and
over all the religious paths. It doesn’t really matter which path you’re on. I just think as her grandmother says, she is the cutest child
it’s important to be on a path.” in North Carolina.
Life now is consulting for both of us. Cissy

40 • DARDEN Spring 2007

is involved in fundraising for non-profits around
the country. I am involved with an automotive
safety company doing broad business related
projects as they request. They are a Japanese
owned multi-national which has taken me
to some interesting places. It is not full-time,
which leaves time for golf and traveling
which we both love to do. China is our next
destination in September.
We look forward to getting updates for
the class and hope to see everyone at our 40th
reunion in 2009.
George Youmans: Anne and I live in
Macon, GA at 1151 Oakcliff Rd 31211, 478-742-
1736. After school, we moved to West Point,
GA where I worked for West Point Pepperell
for seven years. In 1976 we moved to Macon
where I was to learn the car business (Anne’s
family owned the Chevrolet dealership) and
then we were to go find our own dealership.
Somewhere along the way the family asked
us to stay and I bought the dealership in 1983.
Today, our son George, Jr. is the dealer and I am
free to work when I want! I must say it is awful
nice to have an office I can escape to. Anne has
been part-time in the travel business for many
years and we have gone on some great trips.
Next month we are taking the whole family on
a Disney cruise which should be interesting!
We have three children and four
grandchildren. George has one son who is
13 and in the seventh grade. Our daughter
Cleveland lives outside Atlanta with a seven
year old daughter and a husband who works
for Delta (say a prayer for Delta & GM)! Anne
Brooks lives in DC with two young children and
her husband who is a new orthopedic surgeon.
While we are scattered about, we manage to
get together at our home on the GA coast quite
often.
We look forward to hearing from you in the
coming year.
Dave Beach (dbeach@nationaloptronics.
com) reports: Carolyn and I still live in
Charlottesville on No. Dogwood Lane, where
some of you attended the Friday night
dinner during the last reunion. I’m also still
with National Optronics, although Essilor
Instruments, our parent, installed a new COO
as of February, and I’m rapidly graduating
to emeritus status, something that I confess
doesn’t find me shedding any tears. When
the company was sold, my job definition was
intended to be as an ambassador for our
products in the marketplace, but somehow I
ended-up continuing as the COO for the next
year and a half. Now that a young Turk—albeit
one with a French accent—is on board, I’ll
be reverting to the initial description for
the second half of my three-year contract.
Hopefully my ambassadorship will take me to
Brazil, Japan, India and China; four countries
that Essilor had told me that I would likely be
visiting as we try to increase our international
presence.
And speaking of travel, we actually did
more of it in 2006 than we ever had before,
capped off by a cruise of the Galapagos Islands
in November. It was great fun, but if you’re
planning that trip, talk to me first, as I have
advice.
From Jim Edmondson (jedmondson@
unidevlle.com), cell 703-624-1529; office 301-
656-6956): Well, by golly, you guys are inspiring!
How great to hear from you, Bill, and that you
took Doug’s job with George. George, I was
born in Georgia to a Georgia peach, so I know
you have it good. Isn’t grandparenthood great?
Congrats on your first, Bill, and wishes for many
more. Jane and I have eight, with number nine
on the way. They are in Las Vegas (of all places),
in Cincinnati (two sets of twins) and several
miles from us in northern Virginia. They are all
healthy and happy. When four, including a set
of twins, were born in 2003, we guessed that
would never happen again. Then in 2005, it DID!
The mother of the twins is super-organized, and
she has them on a terrific schedule. They are
good sleepers, but they can wear us out over a
weekend visit, of which there are never enough.
Our baby, daughter Lauren, graduated from
Williams last June and moved to NYC with her
two best friends. They live in a new high-rise on
the East River in Long Island City, right across
from the UN Plaza. The apartment is great, and
the view is spectacular—the entire east and
central Manhattan skyline. Twenty-two year
olds shouldn’t live like that, which you can
appreciate as a long-time resident. The best
part about it is that all three roommates are
supporting themselves. Miracle of miracles.
They are all working at good jobs and enjoying
the city life.
I spend most of my time on two companies
in the real estate business. One buys,
redevelops and manages apartments, mostly
in the D.C. area and in Augusta, GA. The other
develops “workforce housing” using a unique
approach that has caught the attention of the
marketplace. It is exciting now. My oldest son,
Ben (who finished Darden in 1998), worked
with one of the companies for several years and
left last month for an offer too good to pass up.
We’ve missed you at the several reunion events
at Darden that we have attended over the years.
Jane, Leslie Tarkington, and I made the back
cover of one of the Darden periodicals after the
last major reunion. Obviously, it was because
of my personal magnetism; had nothing to do
with the two beauties in the photo. Come with
Cissy and Anne to the next one.
Pete Erber (suzance@juno.com) reports:
Good to hear from you. Haven’t had much to do
with Darden since I graduated in ’69 with you
and George. Haven’t lived close enough to get
back there. Suzan and I have been in MS at 70
Pine Cove, Senatobia, 38668 for 27 years now.
Came here in ‘79 expecting this to be another
two-year stay and have been here since. I am
retired since 2000 after spending 35 years in
manufacturing management for a number of
different industries in seven different locations.
Spend my time now volunteering in our
community and
piddling around the house. We have three
married children (39, 35 and 34 years old) with
seven grandchildren from age 7 down. Two
of our kids live within an hour of us with six
grandchildren so we get to see them often.
Our oldest son lives in Woodstock, GA, with his
daughter. Heading that way this weekend to
see them. We spend most of our time at home
but do travel occasionally. We have been to
Great Britain, France, Switzerland, the Bahamas,
and just recently to Jamaica to celebrate our
40th anniversary. We are both in good health
thankfully and enjoying our retirement years.
This from Tom Goodyear (Goodyear@
ainop.com): First of all, I hope you passed on to
George that my recollection of his talk about
landing on a carrier in his recon plane is among
the most memorable of my experiences at UVA.
He may say that this is more a reflection of my
lack of interest in business subjects rather than
in flying, but he would not be giving himself
enough credit. I now have a SEL and SES rating
and it is, in part, the result of his influence.
That said, I think that John Cumming is our
only classmate with whom I have had any direct
contact since our UVA days and, as such, I think
he is the only classmate who has ever had the
opportunity to know Barbara, who I married
in 1976. I think his only direct contact with her
was when he and Betsy asked us to join them
for an evening on their boat in a harbor on
Swan’s Island and subsequently, for a nice sail
back over to Bass Harbor the next day. Having
gotten to know her—albeit briefly—he would
understand my current state of total despair.
Barb and I raised five girls (three mine and
two hers) who are now happily grown and
married with children. Barb was, for 31 years,
the best partner for whom any man could have
ever wished in his wildest dreams. On Feb. 5,
2007, after a two-year battle with cancer, she
passed away at the young age of 60. I am still
dealing with the early stages of mourning. A
future without her is still inconceivable. She was
everything to me.
David Pollock (ypollock@comcast.net)
sends this: George and Bill, You guys are great
and the message motivated me to get back
to you immediately. Shirley and I, now in our
39th year since playing on the lawn at UVA,
live in Portland, OR. After 24 years in “heavy
metal” (Cummins, Onan and Hyster) living
in Asia and Europe, I left big companies for
the snow grooming business (Pisten Bully)
headquartered in Senden, Germany and, finally,
Stormwater Management, Inc in Portland.
We sold Stormwater Management two years
ago and I lasted 14 months of a two-year
contract, with a mutually agreed departure.
Although officially retired, I am working with
Ashoka, a non-profit group which supports
www.darden.virginia.edu • 41
Class Notes
social entrepreneurs globally; Ecotrust,
an environmental non-profit in the Pacific
Northwest; and Mercy Corps, helping with
Asian endeavors including North Korea.
Shirley is great; working with a variety
of children’s organizations, Art Museum of
Portland, tennis and kicking my backside at
golf. Son, Dylan, and his wife Liz live close by
which enables us to see our grandson, Lucas
(2), often. Ah, the joys of grandparenthood!
Daughter Gillian works in San Francisco and
loves the Bay Area.
In addition to civic and philanthropic
activities, we walk in the woods, travel, enjoy
the culture of Portland and, alas, my vice is
driving fast at Portland International Raceway
where I am an instructor.
Finally in the world-is-small category,
Spencer Beebe, who founded Ecotrust is a
great friend of Dave Morine! Spencer and
I are trying to get Dave out west for a bit of
recreation.
Jim Perkins (perkinsjjr@aol.com) checks
in: I’m happy to get the Cliff notes version of
your last almost-40 years. I’ve kept up with
George and Anne over the years, as well as
Rhoads and Marcella, and Pat and Diane. We
have only rarely seen the Omohundros, even
though they are in the Boston area.
I’ve been retired for 15 years, after
spending 21 years at the Boston Consulting
Group mostly as treasurer and chief financial
officer. We split our year between Naples,
FL (October to May), and Dedham, MA, with
occasional trips thrown in. Our three children
are Elliott, a software engineer in Paso Robles,
CA, working for a very small company headed
by his father-in-law. He is married, and they are
parents of our one grandchild - Harvey, just
6. Edie is a director of International Marketing
for Scholastic Publications in New York, and a
serious runner. She ran the New York Marathon
in 2:52, and was the 8th woman to finish. Right
now she is out of action, because of a knee
problem. Alexander teaches sea kayaking and
humanities at the Island School in Eleutera
in the Bahamas, and leads canoe trips in the
Canadian wilderness in the summer. The trips
cover 600-700 miles, and they see only one
other person - a pilot who flies in resupplies of
food.
We feel very lucky that our lives have
turned out the way they have, and that we
have lived in the present era. I suspect our
children, and their children (child, for now) will
live in a more difficult era.
Larry Jones (laurancejonesnc@aol.com)
tells us: Brenda and I returned to West Virginia
following graduation from Darden. I spent the
next 36 years in various financial management
positions with what is now BB&T Corporation.
The first thirty-one years were in West Virginia,
then my bank One Valley Bancorp was acquired
by BB&T and I spent the next five years in
Winston-Salem, North Carolina, and retired two
years ago as CFO of BB&T Financial Services
42 • DARDEN Spring 2007
Division which included the Insurance, Capital
Markets and Treasury Services Businesses.
Following retirement we moved to Cary,
NC, to be near our daughter Emmalee and her
husband, Jim Noble. She is a homemaker and
Jim owns an oil recycling company. In addition
to Emmalee, our youngest, we have two sons.
Gray, our oldest, is a software engineer when
he works. At this time he and his wife Cindy
are traveling and living aboard their sailboat
“Cindy’s Island.” Eric, our younger son, and his
wife Sharmila are both pediatricians and live
in Charleston, WV. They have blessed us with
three wonderful grandsons, Nadeem (4), Rohen
(2) and Samir (9 months).
We split our time between Cary and Bald
Head Island, NC, where we have a cottage.
Needless to say, we make frequent trips back to
West Virginia to see our grandsons.
Hazen and Sara Burnet have a second
home near us in Cary. They attended church
with us last week and following the service
we saw Gordon Clayton and his wife in the
congregation. We had a quite a visit and caught
up on the news since the 1999 reunion when
we were all six in attendance.
Our addresses are:
115 Palace Green
Cary, NC 27518
(919) 327-2224
6 Creeping Cucumber Court
Bald Head Island, NC
(910) 454-0455
Please give me a call if you are visiting
either place.
Now a few words from Pat Taylor
(pattaylorvmi64@aol.com): Our old study
group: Perkins, Youmans, Zimmerman and I
have gotten together several times over the
years, but I have had little contact with others
in our class except Ernie Stephenson, who
lives here in Richmond.
After leaving GSBA, I went to work for Rohm
& Haas, who after training me in Philly for the
summer then sent me to Houston where I
worked in sales. I worked for them for three
years and then left to join American Filtrona
Corp in Richmond, where I worked in sales
management for 33 years. I retired in 2005.
I have two daughters, both of whom live in
Richmond, and an 8-year-old grandson.
My time now is spent mostly playing golf
and racquetball and bird hunting in season. I
do teach 4th grade math one afternoon a week
as a volunteer at an inner city public school.
My traveling is mainly hunting trips to Maine,
Texas, South Dakota and North Carolina.
I’ve been to all my VMI reunions and
find that I enjoy them more as I grow older. I
have missed the recent Darden reunions, but I
am looking forward to the 40th.
This just in from E.C. (Angie) Orfanedes
(ecorfanedes1@charter.net): Karol and I
live at 104 Antigua Way, Greer, SC 29650,
864.286.9004. After school, our career path
took us to Petersburg, VA (manufacturing
and sales); Dallas (general management);
Rogersville, TN, (plant management);
Greenville, SC (international operations and
sales); Heidelberg, Germany (general manager);
back to Greenville (marketing and international
sales); and finally Greer, SC (some consulting,
but mostly retirement).
Our older daughter, Laraine, who was born
in Charlottesville while we were at B-school,
now lives outside of Charlotte with husband
Christopher and three of our grandchildren
(Alexander, Olivia, and Sarah). Our younger
daughter, Alethea, lives outside of Charleston
with husband Butch and our other two
grandchildren (Austin and Brady). We get to see
our larger family often, and usually once a year
we all get together at the beach. That’s fun, but
when the noise level gets too high, I usually
find a quiet place to hide.
Most of my time is now spent on volunteer
work for our church and our neighborhood,
working on my project car, woodworking,
gardening, honey-do lists and honey-don’t lists.
I also enjoy reading on various subjects and
playing on my computer (big surprise).
We are blessed to have reached this point
in our lives. With fingers crossed and prayers,
we look forward to the rest of the journey and
to see you all along the way.
Here’s the news from Mike Haugh
(CMHaugh@aol.com): Bonnie and I live
in Pittsford, NY (outside Rochester) at 20
Chesterbrook Lane 14534, 585-586-9696.
After Darden, I moved to Richmond and
joined The Bank of Virginia as a small business
management consultant. Over the next 10
years, I moved through several staff positions
at the bank, spent three years as CFO of a
family-owned brick manufacturer and joined
Mobil Chemical as a financial manager in
the Phosphorus Chemicals division. More
importantly, daughters Kimberley and Sarah
arrived during that period.
In 1980, after expressing an interest in
general management, I was transferred to
Mobil’s Plastics division in Rochester and, in
1982, took over the small Canadian Plastic
Packaging division—my first turnaround
experience. On the personal side, a divorce
in 1980 was followed by remarriage in 1989
and the acquisition of stepdaughter Jennifer.
Professionally, I got bitten by the turnaround
bug, left Mobil in 1988 and spent the next 17
years as a consultant and interim manager
for bankrupt and troubled companies—not
terribly profitable, but lots of fun. In 2005, I
joined High Tech Rochester as the director
of the regional Manufacturing Extension
Partnership Center, a partially federally-
funded consulting organization focused on
helping small and mid-sized manufacturers.
(If this sounds ironically similar to my first
position out of Darden, it is!) Today, instead of
unproductively complaining about the state of
US manufacturing and the woes of the upstate
New York economy, I have become part of
the economic development effort and have
some small responsibility for implementing the
changes that will keep both areas alive in the
21st century.
Bonnie runs her own business as an interior
decorator. All of the children have taken non-
traditional directions: Kim is a glass artist in
Tucson, AZ. Sarah is an archeologist working
out of Portland, ME. Jennifer is running the
used car operation for a Canadian dealer
and divides her time between Kingston and
Toronto. None are married, there isn’t even a
hint of grandchildren in the offing, and I am
immensely proud of each of them. I seem to
remember a class where we were asked to
outline our future career paths. As you might
guess, in my wildest dreams, I would have
never thought to put down what I have written
above!
Dick Omohundro (reomo@msn.com)
writes: Ann and I have been in the Boston area
since 1973, residing at 200 Prospect Street,
Belmont, MA 02478, (617.489.3678). I remain
very active with an independent investment
manager in the specialty of syndicated bank-
loan management. This involves frequent travel
and client meetings in Europe and the offshore
fund center of Guernsey, Channel Islands.
Our newest project is raising a unique fund to
provide Christian-motivated loan capital for
third world development projects in the areas
of infrastructure, medical, educational and
microfinance. Ann and I were in Tanzania last
year with one of the projects, Maji-Tech, which
is the largest water driller in Tanzania. Both
Ann and I fell in love with Africa and its people,
and have a deep concern for their plight of
poverty and other basic needs. We are hopeful
of launching The Carpenter’s Fund in the next
few months which will enable us to accelerate
the development of these projects. The
organization’s website is www.worldserveintl.
org.
Our son Paul resides in Naperville, IL, and is
an entrepreneur involved in developing a chain
of delis, transporting New York’s unique food
style to the Midwest. If interested, see www.
schmaltzdeli.com. Paul and his wife Laura have
one daughter, Kayley (3), who is the delight of
our lives, too.
In addition to the Boston area, we regularly
find our way to the British Virgin Islands in the
winter, and an island in Penobscot Bay, ME, in
the summer.
We look forward to hearing from other
classmates and hopefully attending the 40th
Reunion in 2009.
And now a few words from Bill Hawfield
whawfield@aol.com: Joyce and I live in
Thousand Oaks, CA. We have four children who
are all self supporting and have not moved
back in. Also, we are blessed with four high
energy grandchildren (all boys!).
My business life changed when I sold my
company, Penguin’s Frozen Yogurt, in 1990.
Since then, I have been speaking to business
owners on “Your Success: what do you want
and how are you going to get it?” That subject
has evolved into board work for private
companies. So far, I have served on about 30
boards and am doing some speaking and
writing about best practices around board
processes. Have a book in progress on
advisory boards and their role in transitioning
companies to professional governance and
greater value.
I continue to work on keeping the same
belt length by bike riding, skiing, golfing and
chasing bigger, faster grandsons.
Life is good. If you want to read more about
me and board work (and who doesn’t?) go to
www.hillcrestassociates.com.
Tim Hotz (jhotz@triadd.rr.com) tells
us: Helen and I live in Greensboro, NC, at
4102 Haddon Drive, 27406. We have been in
Greensboro since 1974.
I retired three years ago from a small
privately-owned manufacturing company
where I was the controller/treasurer. Helen
retired from the Greensboro school system
prior to that where she taught academically
gifted children.
Helen has a progressively worsening
condition called fibromyalgia which means I
have become the “go to” guy for household
duties. However, there is always time for golf
and my other hobby…..singing in Greensboro’s
barbershop chorus.
We do not travel due to Helen’s condition
but we have continued our tradition of a two-
week vacation at the beach on Oak Island, NC.
Our two kids and three grandsons (ages 6 to 13)
along with other family members join the fun.
Two other UVA graduates (early 1960s)
from the School of Engineering and I have
made many trips to Scott Stadium for football
games in the past several years.
From Howie Heller (mnrsls@verizon.net):
Pam has been putting up with me for a bunch
of years (only she knows how many)! We’ve
been living in New Jersey since 1982, where we
raised two great kids—Matt recently married,
and Robyn (UVA ‘03), who’s about to tie the
knot this summer! For the last 13 years, I’ve
been operating my manufacturer’s rep agency
(M&R Sales, Inc.), handling 10 manufacturers,
mostly in contractor tool and light equipment.
Last year, I was elected to the national board of
the American Rental Association, an industry
with which I have been closely involved. It’s
been a challenge and lots of good times.
Pam has continued with her career as a
Speech Pathologist (UVA, M.Ed. ’69) at a private
school and has become a golf enthusiast—
almost ready for the tour. She is bringing me
back to the game.  from Vietnam is retired, but serving as an
It’s hard to imagine that we’ll be at our 40th
reunion before you know it! Has time flown or
what?
’70
Jack Young
T’was the first of May and all through the yard,
signs of spring were in bloom. No need for a
bard (at least it rhymes!)—but let’s move on
with news from the class….
Being rather fearful of the US economy
and its foibles and excesses, Harry Geisel has
been investing primarily in international issues
since 2003. The more unknown they are, the
better … on the premise that, if you do what
everyone else is doing, your results can only,
by definition, be mediocre. He spent more
than two years after he was “retired” heading
a delegation that negotiated an international
agreement with the People’s Republic of China.
His conclusion: China is more important to the
world economy than the USA and we better act
accordingly!
His daughter, Jacqui, is finishing her third
year at Guilford College in Greensboro, NC,
majoring in criminal justice. Kathy is finishing
her first year at Skidmore College and is sure, for
some reason, that she wants to be a business
major. To give her credit, her last stock pick was
up 50v percent in six weeks! As a relatively late
blooming payer of tuition, Harry is somewhat
bemused by the fact that the girls’ college
expenses are a little bit greater than his State
Department pension.
John Booth turned 65 this year and is now
on Medicare… hard to believe for a guy who
was just graduated from the Darden School
following a tour of duty in Vietnam! He resigned
from FEMA in December 2005 after 4 1/2
weeks in southern Mississippi dealing with the
aftermath of Hurricane Katrina. John enjoyed
the work but was spending too much time
away from home.
He’s now spending time with
grandchildren, travel, church, and his civil
engineering consulting business. He is also a
civil engineer for an urban search and rescue
team for North Carolina. The team is run by the
Charlotte Fire Department, providing technical
advice in the event of building collapse, etc.
He thought it would be easy until undergoing
the Army Corps of Engineers’ confined space
training.
He and Rosie have five daughters: one in
Paris, one in Japan, and three in North Carolina.
One of their three grandchildren has a rare
genetic condition called cystinosis, an incurable
but treatable disease. Please keep the child,
parents, and grandparents in your thoughts
and prayers as they deal with the condition.
John is looking forward to a Vietnam
veterans reunion this summer with his old
Marine Corps buddies. Turns out his best friend
advisor with the State Department in Iraq. Rosie
and John are planning a 17-day trip to China
this summer. Don’t know what this says about
our generation except we are certainly doing
www.darden.virginia.edu • 43
Class Notes
Peter Guy (left) and Steve Hansel (both MBA ‘71)
overlooking the Yarra River and downtown Mel-
bourne in November.
some unusual things in our retirement!
In 1990, Jack Cann returned to active duty
with the Navy, flying humanitarian missions
in Saudi Arabia. While on active duty, he
earned an MA in National Security Studies at
Georgetown University. Following detachment
in 1993, he went to Kings College in London to
earn a doctorate in war studies. Jack taught at
the Marine Corps Command and Staff College
in Quantico for 10 years, then retired as a
professor this past December.
He now works for two think tanks, the
Institute for Defense Analyses and the Potomac
Institute for Policy Studies, analyzing the
problems of conflict in Africa and developing
solutions and courses of action. In a somewhat
interesting turn of events, he is returning to
Charlottesville to accept an appointment with
the History Department at the University.
The Canns have two sons, one of whom is
a graduate of Darden, and one grandson by the
other son.
To say that Preston Tyree is extremely
involved with biking would be an
understatement. He’s on the steering
committee, safety committee, and ride marshal
for the largest fund-raising bike ride in the
nation, the BPMS150 ($12 million raised
this year). As an officer and safety trainer
of his local bike club, he sits on the bike/
pedestrian subcommittee of a local planning
organization; and he is on the board of the
League of American Bicyclists and is chair of its
education committee. He recently spent a day
in Washington and a day in the state capitol in
Texas lobbying for bicyclist-friendly legislation.
In semi-retirement, Preston consults on
transportation issues (Safe Routes to
School) with state departments of
transportation across the nation. He rides
almost every day, pedaling about 6,000 miles a
year. What a super biker! He is looking forward
to the birth of a sixth grandchild in early
September,
The news from the Stack household
in Dallas is quite positive and upbeat. Bob
is walking with a walker now and handles
his transportation needs independently via
44 • DARDEN Spring 2007
wheelchair and DART bus. Debbie continues to I’m very involved with chairing public
work as director of special events for the Dallas policy and thrift shop committees for a non-
Museum of Art. If you get a chance, give him a profit dealing with victims of crime in our
call at 214-691-5286. county… seeking key legislation for the former
After working 37 years in transportation, and new customers, donors, and volunteers
logistics, and distribution for Litton Industries, for the latter. Another focus is with an NGO
Westinghouse, St. Joe Minerals, GAF, Scott working with women’s and children’s issues in
Paper, Engelhard, BASF, and most recently developing countries—with 4.6 billion people
Formosa Plastics Corporation as director of in the developing world, there are plenty of
corporate logistics and distribution, Bob needs. Teaching ESL and the occasional golf
Erikson is retiring. Consulting may be a game round out most of my time.
possible avenue for him in the future, but Email (please send any update or change of
nothing definite at the moment. e-mail address; it really makes the Class Notes
He and Mary Jo are building a retirement easier and provides timely sharing of important
house in Aiken, SC, in the Woodside Plantation information) or call me with your news. I’ll do
community. The house overlooks the 10th my best to report it reasonably accurately…
green of one of three golf courses in the area. with only the occasional exaggeration! Have a
When completed in June, he will be traveling great summer.
between New Jersey and South Carolina, as
Mary Jo plans to continue working in New
Jersey for the immediate future.
I reached John Barbieri at Sanabel Island, ’71
FL, where he is helping his father recover after a
Doug Watson writes, “I joined Financial
recent hospital visit. John is technically “retired,”
Security Assurance in 2001 after 23 years
but continues to run an on-line business,
at Moody’s Investors Service. The transition
Allapatah (Seminole Indian for alligator)
has been good; being able to utilize all that
Enterprises, dealing with car accessories, and
credit experience, and I now oversee the
car-care products for classic cars and motor
underwriting process for US asset-backed
bikes. Car shows take his time when he is not
securities that we insure. Cindy and I still
playing with his 10-month old grandson in
reside in New York City and would like to see
the Netherlands. Check out www.allapatah.
any of the illustrious members of the Class of
com. Visit him on the web or you may be able
1971 as you pass through our fair metropolis.
to visit him in Florida a few months of the year
Steve Hansel writes, “Dana and I had a
following his wife’s retirement from teaching
great visit (in Melbourne, Australia) with Peter
this year.
Guy, his wife, Sherene, and their family: two
Bobby and Ginny May recently returned
girls and a boy sandwiched in-between. The
from a 3 1/2 week safari to Rwanda, Botswana,
guys are approaching the theoretical empty
and South Africa. Plans for a fall wedding for
nest phase, but their kids clearly enjoyed being
daughter Shelton are underway in Chicago. Son
close to mom and dad.
Andrew is married and lives north of Milwaukee
“Peter is an extremely successful money
where they have been blessed with the first
manager, specializing in Australian small-cap
grandchild, Nora. Ginny maintains her interest
stocks. He is featured in a book called “The
in gardening and rug hooking; Bobby loves
Money Masters,” and having started a hedge
going to the office and will continue to do so
fund with one of my sons in October 2001, I was
unless the opportunity for an exotic golf trip
grateful for the chance to pick his brain.
beckons.
“Peter and I hadn’t seen each other in more
Eric Chafin writes, “life as chief financial
than 35 years, and had a great reunion, further
officer at Woodberry Forest School (in Madison
proof that time and distance can be overcome,
County, VA) seems to keep me fairly busy.” He
and great people generally stay that way.”
also wants to barter: “Live in NYC? Would love
Eric Chafin writes, “life as chief financial
to trade use of 3-bedroom 2-bath house on
officer at Woodberry Forest School (in Madison
Route 231 in Cismont, VA, for use of small NYC
County, VA) seems to keep me fairly busy.” He
apartment. Timing quite flexible.” Interested
also wants to barter:
parties can drop a note to Eric at P.O. Box 211,
“Live in NYC? Would love to trade use
Keswick, VA 22947.
of 3-bedroom 2-bath house on Route 231 in
The Youngs added grandchildren numbers
Cismont, VA, for use of small NYC apartment.
four and five last year—one in D.C., the other
Timing quite flexible.” Interested parties can
in London. The christening of No. 4 near
drop a note to Eric at P.O. Box 211, Keswick, VA
Salisbury Plain in the U.K. was a grand event in
22947.
the same church where Margaret was married.
Paula retired from her third career as a special
ed substitute teacher but continues to sub
when needed… and when she wants to (a BIG
difference). Instant gardening, voracious reading,
and grandchild activities keep her very busy.
’72
Clint Bolte
Our 35th Reunion brought 25 classmates and
family members back to Darden April 20-22.
Bill Woodworth, Bob & Jayne Ukrop,
Marvin & Terry Quin, Russ & Barbara Parker,
Bob Oster, Walt & Patsy O’Connell, Marshall
& Caroline Morton, Robert Kibble, Artie
Johnsen, Jack Geraghty, Earl & Linda
Ferguson, George & Tina Eastment, David
& Christine Beatty, and Clint & Mary Bolte
all gathered on the 50th Anniversary of the
founding of Darden.
A private dinner party at the Old Ivy
Inn Friday night allowed time for all of
us to describe career paths since leaving
Charlottesville in 1972 and share updates on
classmates who could not make it back for this
beautiful spring weekend. Following the formal
class portrait Saturday evening, we gathered
for a Class of ’72 dinner in Saunders Hall and
were joined by retired professor C. Ray Smith &
his wife Phyllis and Chris Gale. Being two of our
favorite professors, they graciously accepted
our invitation to join us, filled us in on their
recollections of Darden and how its students
and curriculum have evolved over the last three
and a half decades. Their enthusiasm for the
school and teaching made it obvious why they
were among our favorite Profs. Believe it or not,
Prof. John Forbes came to the gathering … he’s
97 and still flying kites! Fireworks and dancing
concluded a lovely evening.
All of the classes contributed $2.2 million
to the school in this year’s fund drive. Thanks
so much for the Class of ’72 participation and
generous gift.
Calls to classmates leading up to the
reunion gleaned this information to share:
John Watson is finishing his 28th year as CEO of
the Heartland Goodwill Industries of America
with an expectation of a June 2008 retirement.
Last year he received the Distinguished Career
Award from National Goodwill. He and his wife
have four children (one died 10 years ago) and
four grandchildren.
Bill Young continues to run his family’s
assorted businesses in the Lexington, KY, area,
one of which involves thoroughbred racing
horses.
Ken Zenzil owns the American Building
Inspection Services in Alabama, his home
inspection business. He and his wife have two
children and two grandchildren.
Robert Platten sends his regards. He
could not attend our 35th as he is serving on his
undergraduate school’s (Hobart College) Board
of Trustees and they had a gathering the same
weekend.
Bubba Morgan could not make the
reunion as he was heading a contingent
attending a trade show in China. He is president
of Seconds in Building Materials. We thought
Bubba was the youngest at heart in the class
with an 11-year old daughter. That was until
Robert Kibble brought his delightful 6-year old
graduates from the Naval War College in June,
with a move thereafter to the Pentagon. My
son to the reunion! son James is in charge of sale for Kaleidoscope
Cris Stone retired as executive vice Imaging in NYC, and is about to have a son
president of Regent’s Bank headquartered in (they know these things these days) in July.
Birmingham, AL. A short while later he joined So, all in all there is a lot of “change” and
another bank headquartered in Lincoln, NE. “excitement” around. Warm regards, Rick.
Hopefully when he reads this he can get his William A. Crowell reports, “Nancy and I
new contact information updated with Darden. are about to head back east after completing
Larry Killgallon sent his regrets but had a three-year tenure as the Chief Information
a scheduling conflict with an Ohio Arts Board Officer of the Oregon Department of Human
meeting. Services. I’m exploring creating a foundation
Woody McGlaughlin, Ed Conrad, Tom (The Human Services Open Source Foundation)
Hall, Ned Haley, F. L. Wilson, Doug Smith, to coordinate the efforts of states to develop,
and Dave Strong all had longstanding maintain and enhance core human service
commitments they could not break, but sent applications for Medicaid, child welfare, self
their regrets. sufficiency, mental health, seniors and public
Bill Woodworth and Artie Johnsen health. We’re going to spend the summer on
returned for their first reunion and were excited Lake George while we see if the foundation
to get caught up with classmates, see their idea catches on. I’m writing a blog for www.
first year apartment locales, and oogle at the cio.com on my search for my next opportunity,
expanded Darden facility. Those classmates that a CIO position at a college or university is my
had been to a few reunions welcomed them prime focus.
with open arms. The group in toto offered the Jim Henry is “semi-retired and now leading
following comment in parting, “See you at the JEH Consulting.” Jim reports that he is providing
40th!” sales strategy and business development
We’ve collected a couple of nice career support to a number of clients, both small and
profiles on classmates, which we’ll share in medium-sized businesses that are focused on
future editions of Class Notes. If you would like the federal market.
to suggest classmates for such a profile or to
beat the rush and provide your own, your class
secretaries would be delighted to publish them.
’74
Mike Mayer
’73 Reunion Dick Crawford’s Virginia Active Angel
Network (VAAN) has announced its latest
Howard Wilkinson deal, an investment with a promising medical
To let you know what the Rick Harvey’s (‘73) equipment producer in suburban Washington,
are up to, “we are just in the process of picking DC. Dick runs VAAN from Charlottesville
up stakes in Texas, and moving up into New and has done half a dozen deals to foster
Hampshire to be closer to the kids now that innovation in Virginia and the greater Virginia
we are about to become grandparents! While region. VAAN has chapters in Charlottesville
in New Hampshire I
will be participating in
the Free State Project
as one of the first
1,000: http://www.
freestateproject.org/.
The family business
is still growing teak
on plantations on the
west coast of Costa
Rica, and our son-
in-law just accepted
the presidency of the
Quadrant International
Group, and will be
managing our annual
planting programs
henceforth. I will
semi-retire into the
chairman’s role.
My daughter Lisa Darden alums watch their children graduate with the Class of 2007. From
is a Major in the US right, John Kennard (MBA ‘73), Ted Kappler (MBA ‘71), George Wisecarver
Regular Army, and (MBA ‘67), and Barclay McFadden (MBA ‘76).
www.darden.virginia.edu • 45
Class Notes
Kurt Wolfgruber
(MBA ’74) was
named President
of Oppen-
heimerFunds in
March, adding
responsibility for
the company’s
retail and wealth
management busi-
ness units. He remains chief investment
officer.
He now oversees the work of approxi-
mately 1,000 investment professionals.
Wolfgruber says that more than 33
years following his Darden experience
a key takeaway—the school’s general
management approach—remains just as
valid today.
“It really ingrained in us a process
of thinking and the consistent applica-
tion of that process, not content,” he
says. “Consistency and accountability
are extremely important elements of
our business. There are lots and lots of
investment professionals but very few,
frankly, who can develop and apply a
business management approach.”
Wolfgruber also worked at the CFA Insti-
tute during his summers at Darden “so I
had some practical early exposure” in the
workings of the institute’s standards of
professional excellence.
Wolfgruber has more than 30 years
of investment management experience.
He joined OFI in 2000 as Director of
Domestic Equities and was named Chief
Investment Officer in 2003. Previously
he spent 26 years at JP Morgan Invest-
ment Management in a variety of posi-
tions.
“Kurt has been a key contributor to
our success since he joined the firm in
2000,” said OppenheimerFunds Chair-
man and CEO John Murphy. “He has
helped build an award-winning invest-
ment management organization focused
on producing investment excellence for
our shareholders and I am confident that
with his additional responsibilities the
growth of the firm will continue.”
Since the end of 2001, the company
has doubled assets under management,
grown its flagship retail organization
by nearly tripling sales, and built two
business lines to reach new customer seg-
ments with the goal of creating a diversi-
fied asset management company.
46 • DARDEN Spring 2007
and Blacksburg, and will soon be in Richmond.
Poss Echols is enjoying retirement and
reports that he is now working mostly as a
chauffeur for his twelve year old daughter.
Poss and his family live in Arlington where he
completed a career with the US Patent Office.
Methodist Pastor Keith Lawder is in a
totally different field from his years in banking.
Keith was fortunate to be appointed to his
home church in Georgia, but is now subject to
reassignment as his bishop directs, so a move
may be coming up. Keith explains that he loved
banking for 36 years, but just lost interest.
In December 2005, David Kympton graduated
from Union Theological Seminary in Richmond
with a Masters in Theological Studies. During
his studies at Union, he also taught classes in
the Religious Studies Department of Virginia
Commonwealth University.
In August of this year, David graduated
from the Medical College of Virginia with a
Masters in Patient Counseling. He’s also been a
Chaplain Resident at MCV. David hopes to again
teach at VCU while he looks for a “real” job in
Chaplaincy. He’s also a Postulant for Holy Orders
in his church and will be deciding in the near
future whether to move ahead with ordination.
Mike Santoro continues as director of finance
and strategy at MeadWestvaco in Wilbraham,
MA. Mead has recently moved its headquarters
to Richmond and Mike has his fingers crossed
for a move that would bring the Santoro
family much closer together. Daughter Ann
(UVA 2002) has just graduated from George
Mason Law School and will clerk for a Justice
on the Virginia Supreme Court. Daughter Mary
Catherine is working at the Virginia Museum
of Natural History in Martinsville. Mike’s wife,
Martha, is currently working on a degree in
Library Science from Syracuse University.
Richmond resident Brad Armstrong has
returned to The Martin Agency to manage the
Wal-Mart account. This will be old news by the
time you read this, but I thought I would pass it
along in case you hadn’t heard. Brad had been
with the Virginia Performing Arts Foundation.
Richmond resident Brad Armstrong has
returned to The Martin Agency to manage the
Wal-Mart account. This will be old news by the
time you read this, but I thought I would pass it
along in case you hadn’t heard. Brad had been
with the Virginia Performing Arts Foundation.
Jim Noeldner reports that he has now spent
more time working in secondary education
than he did in broadcasting at less than half
the income. As director of career and technical
education in North Kitsap, WA, for the last
decade, he’s been able to establish benchmarks
for the impact of school programs on what
their graduates are doing six years after they
graduate. Before he retires in a couple of years,
he hopes to be able to see the impact of their
systems improvements on kids in what they
are doing six years out after graduation. Most
school districts do not do longitudinal research
on their product after graduation.
Jim says their two daughters and two
sons are now all married off, giving them four
grandsons so far. Their kids are in marketing,
finance and program management in the
IT industry with successful companies.
Unfortunately, Jim regrets that none of their
companies make it easy to return to graduate
school, so he has not been able to coax anyone
in the direction of Charlottesville.
Frank Genovese has sold all his operating
businesses and is officially “semi-retired.” Of
course he has been officially semi-retired since
1987, but who is counting? Frank reports that
the private equity buying frenzy is running
hot and heavy and suggests to all operating
company owners that now is the time to sell.
Frank is currently in the process of “re-creating”
himself into an active director on public or
private equity portfolio companies. He sees
this as a way to stay in the game and not get
stale. Of course, another primary reason is that
Susan won’t let him stay home during the week.
He reports it is very hard to be quiet during
interviews.
Susan remains extremely busy (much more
than Frank) as the vice president of Randolph
College’s Board during their transition to going
co-ed (i.e. formally Randolph Macon Woman’s
College). She also serves on the boards of the
Richmond Symphony and Richmond LISC
among others.
Frank and Susan’s three boys are all doing
great. Michael is married, completing his Ph.D.
in English and living in South Philadelphia,
Christopher remains in Nashville and Daniel
will complete his Masters in Biomechanical
Engineering at UVA in August. Daniel wants to
move back to Atlanta if anyone knows of any
opportunities in mechanical engineering near
that city.
Steve Zimmerly and wife Jenny write to
say that ZINC, their business, “has been great...
but crazy.” Their old office site was taken by
imminent domain (light rail station), and they
have moved into a new facility with twice the
space. At the same time, ZINC landed several
new clients. Makes for long hours at the digs.
If you are visiting Dallas, please give Steve
a call at 214-904-8605 or via email at Steve.
Zimmerly@ZINCfirm.com.”
James Glauser writes, “I sold my chemical
company in Canada, and am now working for
SRI Consulting, www.sriconsulting.com. Contact
Jim at jglauser@sriconsulting.com, or (650)
384-4316.
Thanks to all of you who stay in touch. If
you haven’t emailed me in the last few years,
now would be a good time.
’75
Mark Howell
Greeting to my classmates and welcome
to this edition of Class Note Chronicles. It
was good to hear from Dr. Dave Mortlock.
Dave and Liz are moving back to the
Commonwealth and plan to settle in Roanoke.
Dr. Dave is starting a Family Medicine
residency at Carillion Health in June. The
program is affiliated with UVA, and Dave will
be practicing at Roanoke Memorial Hospital as
well as the Carillion clinic. On a personal note,
Dr. Dave may be interested to know that I had
my tonsils removed at the tender age of 5 at
Roanoke Memorial. I heard that the hospital
was never the same after that. I am sure Dr.
Mortlock will be a welcome addition.
Tom Hudson wrote from his home in
Nashville. Tom, Lili and the kids are all doing
well and very active. Tom reports that he
recently taught a class at Tennessee Tech
on diesel engines. Tom also serves on the
Foundation Board at Tennessee Tech.
Craig Weichmann checked in from his
ranch near Greenville, TX. Craig reports that he
was involved with selling the Virginia based Red
Hot & Blue chain of restaurants to a new owner.
When he is not involved with such deals, Craig
stays busy at his ranch raising six miniature
horses...an elective that he did not take at
Darden.
Dave Shein has relocated to the Richmond
area from Charlottesville. He is renovating a
home there while running his HR consulting
firm, Claremont Management Group. Dave
continues to serve as an adjunct associate
professor for the University of Maryland in the
HR field.
That’s all for now. Let me hear from you as
often as you can.
’76
Dana Quillen
Thanks for your many responses for my
request for information. If you keep up the
level of participation, I may just keep doing
this job for awhile. But, I would dearly love
if someone would step up to the plate and
take over for a stint. Think about it, dear
classmates!
Phil Murchie checked in and from his
email, sounds like he is having a great time.
Phil writes: ”I joined Northern Trust (Chicago)
from UVA and have been here ever since. I
was always a tech type, and have stayed in the
tech side of the business most of my career.
Not yet retired, but am seriously considering
it; a friend has asked me to help him start up
an automated trading outfit, so if I do retire
there’ll be something new and different to fall
into. Jill and I have three sons, all now married
(all within 2 years). The oldest works with a
Chicago-based treasury consulting firm, the
second with a social services organization
assisting the poor in Guatemala and Mexico,
and the third is wrapping up a major in Physical
Education while coaching high school soccer
on the side. On the hobby side of life, a friend
has dragged me into playing keyboard with his
country-music band. (I used to think country
music was an oxymoron, but he proselytized
successfully). Best recent vacation was a trip to
Barcelona to celebrate our 2nd’s marriage -- a
beautiful city that provided both fun and a nice
respite from the daily turmoil.
Tom Parker and Betsy are grandparents!
Their other son recently got engaged and
wouldn’t you know, Tom’s book is selling like
hot cakes. His book, “Is That Your Hand In My
Pocket?” was published last year and is doing
well at Borders, Barnes & Noble, etc. He is having
way too much fun to retire.
Steve Johnson and his wife Neal moved to
Walla Walla, WA, about three years ago where
they now live on a farm called (appropriately
enough) “Detour Farm.” Neal raises alpacas and
has their fleeces spun into yarn or made into
rugs…It’s “all natural” stuff. She’s become quite
the little Earth Mother…She’s also got a couple
of horses, four dogs and a barn cat named
“BC….”
Steve is still doing a bit of venture capital
work through a new fund called Altitude
Life Science Ventures. He’s also written a few
books and will soon release an audio CD.
Steve is working with two other folks in Walla
Walla—a former movie producer and his
assistant—to develop a variety radio program
that’ll feature local talent, storytelling and
live audience participation…..He writes “All
of this is brave new world stuff for me.” Their
daughters are doing well. Austen is married
and lives in Missoula, MT, where she is in the
University of Montana’s graduate education
program. Abby lives in NYC and is finishing
up the graduate education program at Bank
Street College. Anne is still in college and just
finished a semester at a manatee rescue facility
in Sarasota FL.
Mary Anne Zagroba is working on her
third stint with Wachovia Bank, lending
money to high net worth individuals. She and
her husband Dennis have three daughters
(Maggie, 21, Elizabeth, 20, and Catherine,
16). Maggie graduates from Princeton (her
father’s alma mater) in June with a BA in
philosophy. Two and a half weeks later she’s
getting married. Her fiancée is getting a PhD
in Economics at Princeton and next fall will
begin his teaching career at Notre Dame.
Elizabeth is a sophomore at Colby in Waterville,
ME, where she is a math major and continues
her involvement with theater and playing the
piano. Catherine is a junior in high school and is
a competitive swimmer. Next week she will be
participating in the Junior National Swimming
Championships in Orlando.
Dennis continues at the same law firm in
NYC which specializes in trusts and estates.
Ray Imp writes that all is well with him and his
family. His daughter graduated from college
last December and works for Outward Bound,
counseling and teaching disadvantaged
youths until June. During the summer, she and
her brother will be going to Europe to work
on a farm in Italy for six weeks and upon her
return will be going to law school. His son is a
freshman at Cornell and is challenged by the
course work and the snowy conditions. Life at
TyRx Pharma, where he is the CFO, continues
to be challenging, as they are in the midst of a
new round of financing.
Barclay McFadden’s son Barclay is
graduating from Darden this spring! He has
a private equity job with Dominion Ventures
in Norfolk. Dominion is part of Landmark
Communications. Congratulations, Barclay and
Barclay!
Bill Richmond retired as CFO of Greene
County Bancshares (NASDAQ:GCBS) at the
end of 2005 and has been consulting. Most of
his consulting has been with banks, however,
he has kept both his CPA and CFP (Certified
Financial Planner) designations active over the
years. He wants to move in that direction as
opportunities arise. If anyone knows of some
part-time “telecommuting” work, please drop
him an email.
Smitty took the time to send me an
update. I saw him at our Friday breakfast
meeting in March. He writes “I am still at the
University after 13 years and am controller for
the McIntire School of Commerce Foundation.
Gail and I celebrated our 31st wedding
anniversary in April. Brian, our older son,
graduated from Cornell in May and Russell is
a sophomore at William & Mary, majoring in
marine biology/environmental science. When
not working or taking care of the yard and
house, I like to kayak and fish. We keep a small
boat down near Gywnn’s Island.
And finally Bob and Candice checked
in from Charlottesville! Bob joined Cellular
Materials International about 18 months ago.
Prior to that he worked in Richmond. He writes
he never thought that he would be winding
down his career in the same town in which he
learned how to start one. (Hey, Jim McVay,
add Bob to our 4th Friday Breakfast Club at The
Tavern.) Bob and Candice have two grown
sons. One manages a retail operation in DC and
the other works for the Republican Party. He is
one of the five people left in the country that
will admit to being a Bush supporter. His wife is
expecting our first grandchild in July.
Thanks again, everyone, for sending in the
scoop. Now starting saving up for the fall
edition.
www.darden.virginia.edu • 47
Class Notes
’77
Paul Nelson
315 Oak Lane
Richmond, VA 23226
Cell: 804-301-0783
Work: 800-777-7663 ext.109
e-mail: lpaulnelson@mindspring.com or
pnelson@tallantinc.com
Greetings to The Great Class of 1977! It’s hard
to believe that about this time 30 years ago
we had just walked down The Lawn thru the
center of Mr. Jefferson’s Academical Village
and then returned to The Darden School on
the North Grounds to receive our degrees
from Dean Sheppard! After two unforgettable
years we were done with case prep, cold
calls and a few parties in between! Well we
did make it and about 36 of your classmates
returned to Charlottesville this spring to
celebrate our 30th Reunion. With spouses,
children and guests we totaled over 50 fun-
loving, story-swapping, reminiscing and
current events up-dating crew. The weather
was perfect and the events were a blast! The
Reunion Committee was chaired by Mike
DeCola, Joanne Miller, Sallye Zink and yours
truly. Also assisting in the planning and fun
were David and Nancy (Shepherd) Webb,
Don and Carolyn Heim, Scott Harris, Don
Hutchins, Jesse Crews, John Strangfeld,
Sue Gray Goller, Susan (Overholt) Ruth,
Bill Ketcham, Dabney Carr, Irving Groves,
Jay Conger, and Bringier McConnell. Other
classmates who made the pilgrimage and
shared in the festivities were Alex (Max)
Chapman, Ray Doss, David Furrow, Ted
Gary, Tom Haling, David Lee, Teri Louden,
Dennis Malloy, June McCormack, John
McNair, Mike Mischie, Charlie Scarlett, Paul
Tilley, Jay Zink, and Mike Vardell … many of
whom brought spouses, children and guests,
which made it all the more interesting and
enjoyable. What also made it so special was
several of our favorite professors joined us for
cocktails and dinner on Friday and Saturday
nights. This wonderful group included C. Ray
Smith (MBA ’58), John Colley, Dick Brownlee
(who started at Darden the same year as us!)
Bill Sihler, Alec Horniman, Chris Gale, Bob
Landel and Alan Beckenstein! And fortunately
(or sometimes not) … they remember many
funny stories and details about our two years
of classes, trouble and mischief! Special thanks
go out to Mike DeCola and David and Nancy
Webb for hosting us and the professors at
Farmington Country Club for what proved
to be a fantastic start to the weekend …
with Friday night drinks and dinner. The only
complaint I heard about the Reunion was
that there was not enough time to visit with
everyone. And … as you’d expect … we talked
about you. Of course if you were not there to
defend yourself … well … you’ll just have to
come back in 2012 to set the record straight!
48 • DARDEN Spring 2007
In other related news, a few months ago
I had the great pleasure of joining David Lee
and his new wife, Julia at a wonderful reception
at Fishing Bay Yacht Club in their honor. We all
know David so you know the music was great
and the beverages were cold! Both joined us
in the Reunion festivities and, believe it or not,
I think Julia is still talking to Dave! (Seriously
… Congratulations Dave and Julia! It was great
seeing you again!)
Other reunion-related notes of interest
include this from Bill Ketcham, “I’m still trying
to find out what Tom Whelan wants to do
about his surfboard! Was in C-ville on Sunday
for my son Saunders’s graduation...boy, did that
bring back memories. As I recall, we weren’t
drinking bloodies in the local bar at 6:30 am...
but his entire class has...amazing stamina.”
(Thanks Bill …congratulations to Saunders …and
Hey Tom …come back for our 35th in 2012 … the
surf’s great and I think I know where you can find
a surfboard!)
Scott Harris writes to say, “Hi to all, I
made my first reunion ever and really enjoyed
catching up with classmates and professors.
I’m sorry I missed previous ones but I will be
back for future ones. My second career as a
headhunter (for fifth largest executive search
firm, DHR International) is now nine years!
I’m currently serving a third term on the
John Burroughs School board, a local coed
independent school that I went to (as did Chris
Gale!). I’m also a pack leader for a Cub Scout
Pack of 60 boys. I want to encourage all the
guys in our class to track their PSAs annually.
Mine went up this year and found out I have
very early prostate cancer. I had it removed in
early May and have an outstanding prognosis
because it was diagnosed early. (Thanks Scott!
Great reminder!)
And Mike Vardell reports that, “It was great
to catch up with everyone but I’m disappointed
Scott Harris didn’t stay around—a real bait and
switch! He harassed me to come! But I definitely
reconnected with the school and everyone that
attended. Of course, the big news for me was
founding Vardell Realty Investments almost
two years ago (July)—about 20 years late
compared to my Career Strategy paper timeline.
I had to wait until I finished our beach house at
Rehoboth Beach, DE. And, of course, I was forced
to start VRI because my wife sold her business
and retired about the same time. This summer
I’m working on my golf game—so that people
can actually recognize it as golf!”
Susan (Overholt) Ruth writes that, “During
the ‘remember when’ conversations at the
class reunion, Ted Gary reminded me of the
Southwest Airlines case study—and how I had
suggested an alternative marketing approach
that was quickly rejected by a certain classmate
from Texas! Renewing friendships with those
who shared the pain of the first semester was
particularly rewarding … catching up with Tom
Haling was great fun. Tom now shares the joy
of running in marathons with his wife. George
Edmunds, who has taken up triathlons, was
not able to join us because he was competing.
Jay Conger and Charlie Scarlett shared stories
about their Dolly Sods camping trip that almost
ended in disaster. Snow in their tent was the
first hint that they might have picked the
wrong season for the adventure. We also got
to renew friendships with professors, as John
Colley, Alex Horniman, and Bill Sihler talked
about their combined ‘120 years of Darden.’
Their commitment to the school and to all of
us—whether we deserved that commitment or
not!—was wonderful to hear.”
It was also great to see Jay Wink at
Reunion and he passes on the following
thoughts,
“Reunion weekend was a blast, thank you
and the entire reunion committee for your
hard work! I’ve spent a lot of time in C-Ville the
past few years, but until the last two weekends,
I’ve never ventured out of my car at Darden.
I have always maintained contact with Donn
Hutchins and Teri Louden, but it was great
to reconnect with you and Mike, plus Sallye
Clark who lived in Greensboro with me the
first few years we were both out of school, also,
Sue Gray, Joanna, Ted, Tom Haling, Don and
Carolyn Heim. Also some of the faculty … I was
lucky to serve as a TEP aide during the summer
between years one and two, and then during
the second year. As such, I had the chance to
get to know Drs. Horniman, Landel, and Collie
when their kimonos were loosened and it was
less of a student-teacher relationship, and it
was great to reconnect. Tom Haling noted that
one of the real benefits of b-school was that it
provided more options and choices, and now
that we’ve grown through the “I’m going to be
the king of the world phase,” we are able to
really discuss items that are most important:
family, career satisfaction, happiness, life
choices, etc. I hope that with the success of this
reunion, you’ve probably created several more
converts and the heavy lifting by the reunion
committee can be spread out among others
and we can convince some of the holdouts to
show up in 2012. The contact book is great, I
plan to contact several that weren’t there, tell
them what we have made up for them during
the next round of class notes unless they
choose to provide accurate information, and
perhaps convince them to show up during
the next reunion. Again, thank you for all your
efforts. Little to report in the Wink home except
our younger daughter Randall is attending
UVA in the fall so we have additional reasons to
venture to C-Ville!”
Warning! Warning! Future author and
possible biographer for our class, Mike
Mische writes, “Ann and I become D.I.N.K.s
(Dual Income, No Kids) in August, and I will
be relocating to our house in Nelson county
southwest of Charlottesville. I am looking to
initiate a new career and have a couple of
opportunities that I am pursuing; one of these is
to write a book about the Darden Class of 1977.
The Darden Director of Career Development
has informally offered to help co-author the
work. The book would summarize the class’
30 years of professional career experiences. It
would be a guide for young professionals that
focuses on the personal, family, financial, and
geographic decision-making that will impact
the timing and direction of an individual’s
career development process. The message
being that most ‘career’ decisions are not driven
by business/job promotion factors. I believe our
class is a unique slice of the American business
experience and would be a great, cohesive
model of how personal career management
decisions are made. It was the Reunion that
got me thinking about us as a group. It seems a
bit too late to put together something formal.
But I was hoping that over the weekend we
could mull over the idea’s merits and get a
sense about how much and how many folks
would be interested in such a project.” (Sounds
very interesting, Mike, and I’m sure that others
in the class would be willing to help … though
anonymity may be a prerequisite to protect the
guilty among us!)
Other news from those who were unable to
attend included Craig Sullivan who said, “Just
a quick note to say hi. I’m sorry I couldn’t make
the reunion. Scott Harris and Donn Hutchins
were nice enough to track me down but I
wasn’t able to get back there.
I joined Countrywide Securities in February
2006 and we opened an Atlanta office last
summer. Interesting environment given all the
subprime news … but we are doing well.”
(Craig we all hope to see you in 2012!)
And now, after a slight lapse in contact, we
hear from Ted Gardner! He reports: “OK … so
I’ve been putting this off for a decade or two!
Not the best time management. (By the way,
I’m the Morton Frozen Foods guy. I believe you
falsely accused Hal of that a couple of issues
ago.) After about 10 years, my career took a
decided turn to the Mexican Food side. I’ve had
a couple of senior management positions over
the last 20 years in US operations of leading
food manufacturers from Mexico. Mixed in with
that was a stint as president of the specialty
food and general merchandise/health and
beauty care divisions of Unified Western
Grocers, the primary grocery wholesaler on
the west coast. I am currently president of
authentic specialty foods. For the east-coasters
in our alumni fraternity, its Anglo brand—La
Victoria, is the left, er, West Coast equivalent to
what Ortega is on the East Coast. The authentic
Mexican Brand is Embasa, which comprises
a host of Mexican vegetable products, but
primarily jalapenos, tomatillos, serraños,
chipotles and the like—basically all that good,
hot stuff that clears out all parts of the sinuses
and digestive system –I know, it’s more than
you wanted to know. Last week, our parent
company in Mexico, DESC, announced a joint
venture between its food groups with another
leading Mexican Food manufacturer—Herdez.
The combination will result in the largest food
company in Mexico. On the home front, Mary
and I will be married for 30 years this summer.
Our oldest, Megan, was married three years ago
and is a nurse in Infectious Diseases at Medical
City Hospital in Dallas. After graduating from
Southern Methodist University (the only other
school to have a rotunda on its campus), she
went to Baylor Nursing School. Our middle
daughter, Lauren, will be getting married on
July 7, a most popular date. So popular in fact
that over three times as many couples are tying
the knot during this first week in July than is
historically the case. Lauren continued our
Virginia connection, getting her undergraduate
and graduate degrees at James Madison
University, and is a special education teacher
in the Arlington, VA, school district. She does
report that her interest in special ed derived
from her having to deal with me as she grew
up! Kim, our youngest, is a sophomore in high
school. Wedding planning and a bridal shower
precluded us from attending the reunion. Mary
and I look fondly back on our time at UVA,
marriage at the UVA chapel and reception in
Dean Sheppard’s Pavilion garden. Oh, those
were the days.”
(Hola! Great to hear from you, Ted … and
now we know where to go for the catering of our
35th Reunion or Fiesta! Anybody out there working
with a tequila company?)
Speaking of Hal Hutchinson, he writes
about a career change from last fall that missed
our class notes … Hal writes, “Just a brief note to
bring you up to date. I joined Premio, Inc. at the
beginning of September. Premio is a contract
manufacturer for the electronics services
industry. We are fairly small but growing. I like
the people and am enjoying the challenges.
Dawn and I are enjoying the weather in
SoCal and beginning to make some home
improvements.”
And speaking of transitions, Dick Ewing
has a couple major events to report! “I do
have some significant news to update. I am
a grandpa for the first time. Annie, who was
almost 4 at our graduation, gave birth to Luke
Andrew Newman on Cinco de Mayo in Los
Gatos, CA. Mom and baby are doing well at
home following a few minor complications. He
was 7 lbs. 15 oz. at birth and is rapidly going up
from there! As for me I will be retiring from my
Condo Hotel position at Donner Lake Village
Resort in Truckee. I will be moving to Reno,
NV (to shelter both my Navy retirement and
Social Security from California income taxes,
among other reasons), and so I can get away
from the harsh winters. I will be looking to buy
a property relatively soon. I will first be renting
a golf course-view townhouse while I transition
to the easy life. I will be celebrating my freedom
with an 11-day visit to Hawaii during which I
will be joining the 4th annual USS White Plains
(AFS-4) Navy Reunion in Pearl Harbor. I am still
single and just turned 62. I get my first SS check
in July making me an official Double Dipper. I
never got rich on my MBA, but I will be living
a good life and I am always proud to cite my
Darden degree! After lounging around for a
few months I will consider a part-time leisure
industry job to earn the $12 grand that I am
allowed without a SS offset. I’ll be updating my
address and phone number in case anyone
wants to call during a visit to Lake Tahoe and/or
Reno. Best wishes to all!”
Gary Holloway missed reunion but passed
on this note, “It doesn’t look good for me being
there. I will be in Japan but if things change I
will try to come. Say hi to everyone for Julie
and me.”
Bitsy McKay sends this news: “I’m in Stuart,
FL now, east coast. Saw Tom Whelan down here
when he came to visit one of his companies.
I’m working as adoption counselor/marketing
for the Humane Society of the Treasure Coast,
hoping to fully retire soon and travel! No family,
just cats and Florida sun.”
And last, but never least, Mike Doepke
reports that, “I really regret missing the 30th!
Especially after Dennis Malloy filled me in
on the events of the weekend. My wife, Mary,
and I started our own business, Home Helpers,
two years ago, and it has been difficult getting
away. I’m sure that by the next reunion, we’ll be
retired millionaires and we’ll have no trouble
getting to Charlottesville! (Mike, you would not
believe the things that Dennis said about you!
Some of us tried to stick up for you … but you
better come back and defend your honor at our
35th!)
Well that’s about it for now. If these reunion
ramblings stir an interest to contact some of
your fellow classmates but you don’t know how
to reach them … simply drop me an e-mail and
I will get you the latest information the school
has on file. Or if you’d like to share an update …
do the same and we will get it in the next Class
Notes.
’78 Reunion
Joy Hoffacker
Missie Weigel Ludlow sends this: “It’s been
a good year. I spent a week with classmate
Joan Barrett and some other women in
Harbor Island. Great time. My boutique
investment banking firm is starting to get real
momentum, we have doubled in size from
two people to four.
“The end of the college search was
bittersweet. Ben will not be following in his
mom’s footsteps and going to UVA. He will
be going to Dartmouth, where he will be a
lightweight rower, so I can’t complain.”
Mary Woodford writes, “Things continue
to go well for me and my family. It’s been five
www.darden.virginia.edu • 49
Class Notes
years since I moved to Cornerstone Research,
and it’s been great! Have been very busy on
some very interesting patent infringement
cases in the Eastern District of Texas, currently a
very busy venue for patent cases.
Both of my stepdaughters are doing
well—one working on a Ph.D. in history at Yale,
the other heading to Berkeley this fall to study
international public health.
My husband and I had a wonderful golf trip
to the Reynolds Plantation in Georgia last fall,
spent a wonderful week with some great snow
in Vail in February, and have another golfing
trip coming up this fall in Hawaii. It seems we
don’t do museum type trips....”
Paul Rubin reports that he is still consulting
on the QAD ERP package; however, he is
working from home for a change on a project in
Memphis. This gives him time to lead meetings
for a fund-raising bicycle ride to help the Wolf
River Conservancy, a local environmental
group. Paul is keeping fit as he trains for the
Memphis In May Triathlon.
Charles de Mestral sends this update:
“Our oldest son Olivier (born in 1978
in Charlottesville, godfather is Vernon
Himbauch), has been married to Stephanie
for two years now. Both are bankers in Geneva,
Switzerland (BNP Paribas for Stephanie and
Union Bancaire Privée for Olivier). Our second
Son, Louis, is completing a master in Law
at University of Geneva, having obtained a
bachelor degree at the same place.
“Our youngest son, Gabriel, has completed
a bachelor degree in economics at the
Universities of Lausanne and St. Gallen (both
in Switzerland). He has found a temporary
job at BNP Paribas also and plans to begin a
master degree at the University of Milano (Italy)
next September with a specialty in the luxury
industry.
“My wife Francoise is now the vice
president of the so-called ‘Cercle du Grand
Théatre’ also in Geneva. This organization
regroups individuals and corporations who are
amateurs and donors for the Geneva opera.
With her drive and enthusiasm, this has become
a full-time job and in close cooperation with
the staff of the opera, which makes it very
interesting also. I am very impressed: Francoise
has been able to generate significant increases
in donations to the opera.
“I am the CEO of Winstar Resources, a
Canadian corporation, listed on the Toronto
Stock Exchange. We explore and produce oil
and natural gas in Tunisia, Hungary and Alberta
(Canada). We have a market capitalization of
approximately Cdn $150M. The company is
doing well so far. We still leave near Geneva,
Switzerland.”
50 • DARDEN Spring 2007
’79 historic Spray Mercantile building, located on
the Smith River at the site of what was once
Bill Bunn the Spray Cotton Mills. www.danriver.org is our
web site. 
Philippe de Laperouse was appointed
“Life is very different here—but quite
director of the HighQuest Partners Global
nice. I really appreciate the pace of life and
Food and Agribusiness Practice and new office
friendly people, especially after the traffic and
in St. Louis, MO. Philippe had been a principal
din of the Washington area. This region has
at Vanikoro Advisory where he advised clients
been hit hard by the loss of major industries.
on financial and global expansion strategies.
But it’s only about 30 minutes to the sushi
“I am working with a wide range of clients
bars and running trails of Greensboro (about
on a global basis in the food and bioenergy
the time it would take to drive two miles in
value chain on strategy development and
Northern Virginia rush-hour traffic). And there
implementation projects,” he writes. “Have been
are lots of real estate bargains around; you can
in touch recently with other Darden alums
buy a mansion for less than a condo would
including Missey (Weigel) Ludlow who has an
cost in Northern Virginia! I am hoping that my
investment bank based in Cincinnati focused
work here will help re-build the local economy,
on the energy sector.”
to support sustainable economic growth and
Paul H. Sartori, Ph.D., writes, “Anne and I
nature tourism, something that cannot be
moved back to Charlottesville in November. In
outsourced to China!”
2005, I had taken a leave of absence from CHM
Timothy Leahy reports, “I’m planted still
Partners, a management consulting firm where
in Annapolis, MD, now as director of the
I am a Partner, and served full-time as Global
consulting group for a small software company
VP—Organization Development for Focus
in the CRM space. Our two daughters are off to
Diagnostics. We successfully sold that business
college, Siobhan at College of Charleston and
to Quest Diagnostics in 2006. Since then, I
Kathleen in the E-school at Virginia (Wahoo!).
have returned to management consulting
Time certainly has passed quickly, and I am now
with CHM Partners primarily working with
looking to early retirement and a second career
and advising pharma and diagnostics firms.
delivering sailboats, perhaps. Best to all of the
Additionally, I am on an Advisory Board for Tau
class of ’79.”
Therapeutics, a Charlottesville start-up and
was elected Treasurer of the Curry School of
Education’s Foundation. Most importantly, our
granddaughter, Kennedy, lives in Harrisonburg ’80
only an hour from us now.”
Claire Terry
“I have joined a new global senior
Dear Classmates, My request for retirement
executive search firm as the head of their NYC
thoughts brought news of everything but
office effective Jan. 15,” writes Mike Wellman.
retirement!
“We are the oldest/newest global search firm
Mike Butler sent in this report after the
after our spin-out from EDS just over a year
last issue came out: “Last winter, after 25 years
ago.” Mike is with Edward W Kelley & Partners as
with Gillette, I moved to an operations role
a managing director in the technology practice.
with Boston Scientific, a medical device maker.
He also leads the firm’s New York office.
It has been a nice change - but plenty to do in
“On the home front, my family and I
a relatively young company that has grown so
will be relocating back to Darien, CT, from
quickly. The classes with Profs Colley and Davis
Columbia, SC, this summer after my middle
still apply. Away from work I’ve been involved
son, Ben, graduates from Heathwood Hall
in my home town of Dedham, MA, serving
Episcopal School here in Columbia,” Mike tells
six years as an elected member of the school
us. “He will enter Syracuse University’s School
board. All of those Darden discussions about
of Engineering in the fall. With my oldest son,
stakeholders and strategy proved invaluable.
Mike Jr., a rising senior at Davidson College, I
I also served as an examiner for the Baldrige
will have the distinct pleasure of two college
National Quality Award, awarded annually
tuitions to cover next year. My youngest, 13-
by the National Institute for Standards and
year old Zachary, will give me a chance to catch
Technology. These days I serve on an advisory
my breath before he enters the college ranks.
council to the Massachusetts Department of
Bill Creason has joined Stites & Harbison, a
Education focusing on parental involvement.
300-attorney, southeastern law firm with offices
For fun, we sail, ski, lay on a beach, etc. In
in Kentucky, Tennessee, Indiana, Georgia and
October my wife and I spent a week in Ireland.
Virginia, as the executive director of marketing
I ran the Dublin Marathon with eight running
and client development. Working with 300
buddies—a great course through the city’s
lawyers is a lot like “herding cats,” Bill writes.
Katherine Koelbel Mull writes, “I have moved neighborhoods and parks. The Guinness
to rural North Carolina, to live and work restored us.
in Eden as executive director of the Dan River Corky Clarke checked in with this update:”
Basin Association, which also has a Virginia I am still with the company that I started with
office in Collinsville. The NC office is now in the out of Darden (20 years as Champion, then six
years after purchase by International Paper,
and since Aug 1, 2006, as Verso Paper, a spinoff
of the coated paper business of IP to private
equity group, Apollo). Living in Wayne, PA (since
’93). Enjoying travel, sailing in BVIs and catching
up with friends. Still maintain contact with
Darden study group (Ken Seal, Gene Childs
and Art Gilbert) although I am by far the most
delinquent correspondent. Kids are grown and
have migrated north, Matt, 26, as 8th grade
science teacher at Fay School in Southborough,
MA, and Lindsay, 24, as teacher at Waynflete
School in Portland, ME. With Lindsay’s initiative,
we have formed a non-profit organization
called Breaking-Ground. Providing grassroots,
sustainable, community-based assistance in
two areas of Cameroon (west central Africa).
Planning a trip there next year. Here is the link:
http://www.breaking-ground.org/index.html.”
After many years of consulting in the
cable TV industry, Greg Islan has just become
executive director of Children of Fallen Patriots
Foundation “which was established four years
ago to ensure that every child of every fallen
service member from across all the Armed
Forces is accounted for and provided the
financial means to attend an undergraduate
institution. What began as a smaller role to help
a limited number of children each year has
become a much larger endeavor due to the Iraq
war,” he writes. “Life is good here in Connecticut.
One daughter is finishing her junior year at
Dartmouth and our second is finishing her
freshman year at Williams. Our son is just starting
the process as a high school junior. Lydia, our
Dartmouth daughter, has worked for Tom
Laster’s company for the last six to eight months
helping edit a chemistry text book. My wife Anne
and I saw Tom and his wife Lorrie last summer.
I still see John Rockwell on occasion—hard to
break those study group habits.
Gary Becker sent the following update:
“Just a quick note to say that I’ve relocated my
commercial real estate business to the Raleigh/
Research Triangle area of North Carolina. After
deciding to leave the corporate world about
five years ago, I opened up a commercial real
estate business in the Finger Lakes Region
of Upstate New York. Now, with children in
college, there are fewer geographic ties to
the New York area, and we decided to move
down to this economically vibrant area—not
to mention the winters are a lot shorter too.
I’m looking forward to the opportunity to meet
other alumni in the area.”
Mike Donoghue described his company in
his recent note: “Spring Capital Partners (www.
springcap.com ), the mezzanine capital firm
I co-founded in 1999 raised a $113M second
fund last year. The current expansion is a great
environment to sell maturing investments into,
but a challenging one in which to put new
money to work. We are digging deeper for new
opportunities these days. Gale and I continue
to call Philadelphia home. After 27 years I have
almost gone native, though I remain a Red Sox
fan. In some things birth is destiny. Three sons
(fraternal boys, 13 and a 10-year-old) keep us
busy. Last year we adopted the one sport/one
team per season rule in an effort to preserve
family sanity.”
Bob Byrne has joined the entrepreneurial
wave with his new venture: “I am in the process
of launching a new business called Robert
J. Byrne & Company which is a investment
advisory firm currently registered with the
Commonwealth of Virginia. The mission is to
provide the best possible investment advice
at the lowest price as a fee-only advisor
specializing in asset management and
investment counsel, with a focus on using index
funds and exchange traded funds to meet long-
term growth of capital goals.”
Bob Henderson and I keep up with
collegiate baseball as his son, Bobby, pitches
for Eastern Michigan University, and Ted Terry’s
and my son, Ben, play at Wake Forest now.
Bob is still in the business of making car parts,
but the summer gas prices have them holding
their breath.” Darden alums can help me out by
buying (or leasing) a Honda Accord, a Pontiac
Solstice, a Saturn Sky, or a Jeep Commander!
Some great sales being offered this summer!”
I guess it’s too early to ask the retirement
question since the only response I got about it
was from Frank Kinder: “Retirement? I’ve got
3 kids under the age of 16! I’ll be working until
I die.” Frank added that he hopes everyone will
participate in the Darden Fund this year.
Harrison Turnbull reports that his firm Waverly
Partners has been ranked among the “40
Largest Retained Executive Search Firms” in the
United States by Executive Recruiter News, a
leading informational source of the executive
search industry.
As managing director and one of the
firm’s original founders, Harrison said, “We are
pleased to again be named to the top 40 list,
although being among the largest firms in the
country has never been our goal.”
That is all for this report. If you missed this
issue, send me your comments for the next
round. Till then, have a great summer!
’81
Alton Martin
alton@copc.com
Jim Baker writes from Raleigh, NC, “The only
news from us is our daughter Sarah Baker will
attend UVA next fall as an entering first-year
student. “Our son, Jim Baker, III is graduated
from Vanderbilt University and has started
his own company, Lundy Charters, which
specializes in Virgin Island and Out Island
charters and tours: www.lundycharters.com.
“The real estate company, The Lundy
Group, Inc. has partnered with David Cash (MBA
’06) to develop medical offices in Florida.”
Karen Yelick is celebrating 20 years with Merrill
Lynch in May and her 20th wedding anniversary
with Jeff Vorchheimer in August. Their oldest
son Adam is graduating from Summit High
School and will be attending Hamilton College
in the fall.
Kirt Kirtland writes, “We have now been
in Cleveland, OH, almost four years, having
moved from the Chicago-area in June 2003.
Since graduating from Darden I have worked
in real estate finance with several banks
including Bank of America, Key Bank and
most recently, US Bank. This past September
I moved to another firm, LFC Securities, here
in Cleveland as director-investment banking
with a concentration on the real estate capital
markets. My wife, Delene, and I have recently
become empty-nesters with the graduation of
our daughter, Morgan, from the University of
Colorado-Boulder this past week. We’ve started
to engage with the local UVA alumni group and
would love to hear from other Darden alumni in
Northeast Ohio.”
Jehanzeb “Zeeb” Khan offers this fond
reminiscence, “Regretfully I have been unable to
attend reunions at Charlottesville, and I am sure
the loss has been mine. Perhaps I can someday
attend. I particularly cherish the fond memories
from my Darden days, and the time I spent with
fellow Wahoos like Mike McCahon (enjoyed
many Sunday breakfasts at his farmhouse,
and I met up with him and his wife last year),
Charlie Kurtz (spent a great Christmas holiday
with his family in Pennsylvania; used to drive
me to school when I had broken my leg), John
Jepsen (oh, the lobsters he cooked for us),
Rob Christie (spent the summer with him
‘working’ for Prof. Alex Williams and perfecting
our volleyball skills, and the great sushi dinner
in Los Angeles), Ann Marshall (who whipped
my butt in squash, and I taught her a thing or
two about field hockey), Bill Matthews (‘Beeeill’
tried to teach me to speak Southern), Ginny
Gibbs (one of my favorites, I still enjoy writing
to her), Rama Singhania (met up in India, and
in Dubai recently), Peggy Hasling, Joe Sroba,
Kevin Oliver (spent a lovely weekend with him
at their weekend beach home in North Carolina
and heard many entertaining stories about his
sailing adventures), Ed Shapiro, Marcia Hass
(loved her donuts and coffee during study
group), Rob Van Tassel (of the ‘Van Tassel Grid’
fame), Paul Rocheleau (met up in LA in ’84),
Norm Davis, Steve Milford (he used to get a
laugh out of everybody), Sandy Selby (fond
memories from playing field hockey), Niels
Hagglund (I was trying to pass him the soccer
ball when I broke my leg!), George Holland,
Sarah Brown, Greg Fulton, Nic Genua. I also
have pleasant memories of Alec Horniman,
Sam Bodily, John Colley, Sherwood Frey (I can
never thank him enough for forgiving me for
misbehaving in his class),
While I did not attend the last reunion, I
www.darden.virginia.edu • 51
Class Notes
Patrick Graney (MBA ‘81) with son Patrick (MBA
‘07) at Darden’s graduation.
don’t want to miss out on all the news on who’s
done what, and who’s who now! So please
send me detailed updates on all my friends, and
write me at jehanzeb_khan@ici.com.
As for me, I had gone West after graduating
from Darden and worked with my family’s
automotive workshop business in Los Angeles
for a couple of years before returning to
Pakistan, where I have been working since with
ICI Pakistan, a subsidiary of ICI PLC, a British
MNC. Over the years I have been involved in
the pharmaceuticals, polyester fibre, and the
chemicals business that I now head as general
manager based in Karachi. That’s enough about
work; I also got married to Kamila back in ‘86,
and now have three children ages 20 to 9. My
eldest daughter is studying Art in London, and
my son and youngest daughter are still in school.
If any of you travel to this part of the world,
please get in touch—I would love to meet up
with any of you.
’82
Mike Diefenbach
3701 Massachusetts Ave., NW #401
Washington, DC 20016
mike.diefenbach@gmail.com
Special Co-Columnist: David Graham
They should have charged us more…
Our reunion weekend was simply amazing.
We had 43 classmates return, and it was as if we
had never left.
The Weather. Perfect. Charlottesville has
never looked better than it did on a warm and
sunny weekend.
The North Grounds. We were 20 years too
early to have classes in such a stunning, world-
class facility. As one classmate put it, “Think
how much smarter and more successful we’d be
if we schooled at THIS campus!” .
Friday Night Dinner. A wonderful start
to the weekend at the Boar’s Head. So many
surprise guests arriving…so many stories,
updates, laughs and hugs. What a love fest,
with no small part in it played by beloved sole
prof guest Sherwood Frey.
The Softball Victory. We challenged the
Class of 1987, and despite a slew of injuries
and other maladies too numerous (and
52 • DARDEN Spring 2007
embarrassing) to mention, we came from
behind in the 9th inning to stomp the younger
guys in a hard fought battle. (Okay, perhaps
they let us win, but it felt good just the same.)
Kudos to designated pitcher David “Hanging
Curve” Hillman and catcher Duane “Out At The
Plate” Gelderloos, and a special Purple Heart to
Dief for the Barbero-like performance, suffering
a hamstring pull in the outfield chasing a
towering fly ball (no, he wasn’t even close to
catching it.), then driving in many runs as a
one-legged pinch-hitter.
The Slide Show. Catherine (Colavecchio)
Foster not only organized Friday’s dinner,
but she also put together a fantastic 430-
photo slide show set to “period” music that
wowed everyone—including the four profs in
attendance, John Colley, Phil Pfeiffer, Brandt
Allen, and Alec Horniman. Rumor has it that
Alec was brought to tears by the show! (Or was
it the spicy appetizer?) We’re trying to make
DVDs available to all.
Mike Diefenbach & John Reilly. Like the
Stones or the Eagles, these guys will never quit
touring, bringing us old favorites from 25+
years ago (like “Darden School Blues.”) Their
Friday performance at the class dinner was
first rate, and they even stepped up and sang
with the band at the Saturday night gala! Their
creativity and talent was only surpassed by
their bravado and engaging vocal and guitar
skills. Surely, these guys are OUR American
Idols!
The Saturday Night Party and Band—Class
Act. The band rocked and the Class of ’82
proved once again why we were voted Best
Partying Class in school history, as we were the
only ones left standing at 1:30 a.m.
The “Pajama Party.” Names will not be
mentioned, but six of your classmates chatted it
up until 3:15 a.m. The suitemate hosts provided
a wonderful late night spread of brie & crackers,
popcorn and champagne (!?), while the women
shared stunning stories about love and desire
at the half-century mark.
The Proposals to Reconnect More Often. I
don’t think there was a classmate in attendance
who didn’t really enjoy being together again.
Few classes since ours have built community
like we did back then. Ideas are circulating and
“mini-reunions,” and unofficial events are being
discussed. Be on the lookout for Darden ’82
trips to NYC, barge touring in France, and a
single malt and golf tour of Scotland!
A Few People Updates (sorry, but we
forgot most of the live ones we heard). Duane
Gelderloos is keeping busy at DoD’s Business
Transformation Agency developing their
business enterprise architecture and trying to
bring some order to the large number of non-
integrated, duplicative business systems DoD
operates. This could take a while…
Chris Adessa sends her best from Marin
County, CA, where she’s a landscape painter
(eat your hearts out). She works out of her
studio in Sausalito that overlooks the San
Francisco Bay (keep eating). Check out her work
at www.ChrisAdessa.com. If you venture to
Sausalito over Labor Day weekend, please stop
by and say hello. She’ll be exhibiting there at
the city’s Art Festival...
Mary K. Van Amburg, with IBM Global
Small and Medium Business, is sending her
daughter to Swarthmore next year, and her son
will be spending his junior year in China (he’s at
Rice University).
Garrett Verdone, after 25 years at
JPMorgan Chase, has joined Wachovia Bank in
NYC as Commercial Risk Director for New York
and New England.
Reunion News Flash: Michelle Guinee
gave us plenty of evidence that she hasn’t
changed one bit since ’82 (come to think of it,
neither has John)! Good thing, too…
Want to know how to write a heartfelt note
to your classmates? Just read this excerpt from
a long note from George Shipp.
“Dang, we had one heckuva life-altering
experience [at Darden], and the memories are
vivid and I just really appreciate every single
one of you. Sorry I haven’t said that to you over
the years but now’s the time. I have been awed
by your accomplishments. I was still trying to
figure out the code to my building when some
of you were already retiring, or if you were
more of a slacker, maybe just jetting around
with Steve Jobs, running Medtronic, or simply
coining it in the VC or private equity worlds.
Anyway, kudos and again thanks for just letting
me hang out with you for a couple of years, I
absorbed what I could, and try to notice where
you are and what you are doing even today. I
love reading about your families, I have been
saddened by a couple of tragedies and wish I
had done more at the time, and just want you
to know that indeed you made and make a
difference in my life.
“The “Disney version” of what I’ve been
up to is: Married for three years to a sweet
ex-guidance counselor. We now are proud
parents of 15-month-old Mary Turner, who of
course is incredibly cute and smart, just like
her daddy. My 18-year-old son Fitz just got
back from spring break in China of all places,
is headed to Paris for his “senior project” (kids
these days!) and is heading off this fall to U of
Chicago rather than dear old UVA (much to my
chagrin). He’s a serious young man who also
happens to have won the city-wide community
service award (works with mentally challenged
adults) among other accomplishments. Fifteen-
year-old Alice is a volleyball beast, an opposite
personality-wise who is “all-cell-phone, all-IM all
the time”—in other words, a typical teenager,
but growing up too fast, which I’m sure sounds
familiar to many/most of you. Of course I am
proud of both of them, wish I could take some
credit but have simply been blessed.
“After beating my head against the wall for
the better part of 17 years as an analyst trying
to get money managers to buy my ideas, I have
seen the light and am now one of them. I run
a couple of BB&T-brand mutual funds, one of
which ranks first (of 493 funds) in its Lipper
category for the last 12 months and the other
ranking in the top-10 in its category. Amazing
for a guy who, as you must have realized, would
not have made it out of finance class without the
Coogans and the Funk arguing the finer points,
nor Rick Steinbrenner’s precision highlighting
of the important case facts in the row ahead of
me. (Hate to exclude the rest of you.)
“So all is happy, and this would have been a
great year for me to trek to Darden to toast you
and pretend I am some ‘semi-hot-shot-king-
for-a-day-with-my-life-all-together.’ Instead, I
just send a bear hug to all, and a huge thanks
for your counsel and friendship 25 years ago. I
don’t need to pull out the orange facebook of
resumes to remember you, and am truly sorry
that we didn’t make it up to see you (this time).
Again, I just wanted you to know you that I still
feel connected, and am grateful for that.”
Can’t follow that. ’Til next time….
’83 Reunion
Mitch Bland
Mitch.Bland@cableone.net
Dear Fellow Classmates,
As you will recall, two years ago our fellow
classmate, Kitt Moore, lost his valiant fight for
his life. Kitt was treated at the Brain Tumor
Center at Duke where he underwent many
hours of treatment in the kind and caring hands
of the staff there.
Since this time Kitt’s widow Holly has
continued her contact with the center and has
become very active in fundraising for them. This
year, Holly and her family have put together
a team to support these efforts as part of an
annual walk. The name of their team is “Kitt’s
Crew.”
I’ve attached a letter from Holly which asks
for your support during the walk, which takes
place April 28th. Please take a second to read
her letter, and if you can, please help remember
Kitt.
Sincerely,
Mitch Bland
Class Secretary
To read Kitt’s Crew Letter, please visit:
http://files.e2ma.net/1405/assets/docs/
kittcrewletter.pdf.
And now, news from our classmates….
Randall Beard is now working at UBS
Securities as managing director & head of
global marketing in their wealth management
& business banking sector. At UBS, Randall
heads a team of 450 and an annual marketing
spend of $ 400 million. Prior to that he spent
five years at American Express as Senior VP of
Global Marketing & Product Management for
per paid products.
This January, Margaret Stender was
inducted into the University of Richmond’s
Hall of Fame. While attending U of R as an
undergrad, Margaret was the recipient of
varsity letters four years running in basketball,
field hockey, lacrosse, and track. Her 1976-77
basketball team went 13-5 and was the best
team in U of R history at that point. Margaret
was also the first woman to receive an athletic
scholarship from U of R. Seems like a well
deserved honor indeed.
Wendy Enikeif Boortz has changed jobs
and is now working as assistant director for
the Ohio CDC Association. The CDC supports
community development corporations around
the state. She ‘s been writing grants, updating
the CDC’s website (www.ohiocdc.org), bidding
and awarding training contracts, organizing the
office, troubleshooting, developing marketing
materials, and anything else that comes along.
Sounds like a big change after three years in the
mortgage lender business.
’84
Debbie Shinault McPhillips
mcphive@mindspring.com
Hello again, Class of 1984! Is it just me or
we all getting old? I seem to be celebrating
fiftieth birthdays with great frequency lately.
I really should get some friends my own age.
Oops, that IS my own age!
I’ll start these notes with an update I’ve
been carrying around in my purse since
December of 2006—it’s a miracle I remembered
it (there goes that age thing again). Mike
Weatherholtz wrote that “Our family lives
in Spartanburg, SC. We very much enjoy the
area—near the mountains and only three to
four hours to the coast. One son, Jared, who
will be graduating from Belmont University in
Nashville, TN, in May ’07. My wife, Lori, is active
in the community. She grew up in Nelson
County, VA. Professionally, I’ve been with
Milliken & Company here in Spartanburg for 22
years now.”
Another classmate with a short post-
Darden resume, Hugh Shannon, sent an email:
“Twenty-three years after graduation
I’m still with the same employer, Bank of
America (good old NCNB back in 1984). I was
recently named the senior credit risk approval
executive for Family Wealth Advisors, which
in plain English means that I’m head of credit
risk for our ultra-high net worth group. Also
just got back from Paris celebrating my 20th
anniversary with Katy. Unfortunately I didn’t
run into any Dardenites on the trip (although
I remember running into Stan Allen in the
Atlanta airport many years ago on a trip to
Europe!).”
Steve Mewborn, AT&T global account
director, is staying busy in Texas, and is about
to get a lot busier. His daughter, Marina, “just
turned three, and we are expecting a son,
Noah, the beginning of July. Still working
with AT&T, living on Galveston Bay, and have
participated in a few Darden-Houston Alumni
gatherings recently.”
My desperate plea for notes was heeded
by Jonathan Sklar, who now lives in Vienna,
VA, with his wife, Debbie, and two young
daughters (ages 6 and 8). “Our lives are
complicated by ongoing renovations to our
home, leaving very little peace!” he writes.
“On the business front, my company (Spexus
Inc.) has grown nicely after opening a federal
consulting practice, and then we grew the
commercial consulting side after completing
three small acquisitions over the last 18
months. Our target for the end of 2007 is to be
at 60 people.” Congratulations, Jon, and thanks
for your response.
Our classmate Bob Peery wrote from
Richmond: “Hey Debbie, I’ve got an update!
My son, Camp, will be attending UVA next
fall along with his good buddy, Liza Tullidge
(Cathy and Tom’s daughter). Liza and Camp
checked out the frat life last weekend at UVA,
and a good time was had, as they say. Hope
you and yours are well!”
Camp and Liza will be in good “legacy”
company at UVA. Tom Inglesby wrote, “My
son Tad is a first-year student at UVA, and
a pledge at the Pi Kappa Alpha fraternity.
When I visited the fraternity in late March for
Parents Weekend, I learned that one of the
fraternity brothers who would be torturing
my son during hell week was none other than
Billy Utt, son of our Bill. My son has since
survived hell week and now awaits finals. Also
got news from John Fowler that he will also
have a son at UVA for fall ’07. “I continue to
manage the CLO business at a private New
York investment firm called GSC Group,” John
writes. “In March, we converted the assets from
one of our private funds into a publicly traded
business development corporation, called GSC
Investment Corp. Trades under ticker GNV, and
I am CEO.”
Tim Laseter will be racking up the frequent
flyer miles in the coming months. He wrote
that “next academic year I will have a number
of visiting teaching appointments at schools
around the globe. I’ll be teaching two courses at
IESE in Barcelona in November and December.
One will be a version of the Operations Strategy
Elective that I have taught with Ed Davis for the
last couple of years and the other will be a new
course based upon my latest book, Strategic
Product Creation, co-authored with Ron Kerber,
former chief technology officer of Whirlpool. I’ll
be at the London Business School in January
teaching a short course on Global Supply Chain
Management. Between February and April I
will be teaching a similar course at Emory in
Atlanta (Mondays and Wednesdays) and may
be teaching an Operations Strategy elective
on Thursdays at the Stern School at NYU. So,
ask our classmates to look me up if they’re in
www.darden.virginia.edu • 53
Class Notes
the same places and times. (But, by the way,
I’ll still be based here in Charlottesville so I
hope anyone coming to grounds also checks
in!) P.S. The book, published by McGraw-Hill
in December 2006, has a chapter on Disney
Imagineering and accordingly features Don
Goodman. Buy it on Amazon.com and learn
how a former CPA ‘orchestrates’ one of the most
creative organizations in the world!”
Ted Balph recently joined Tim in the
hallowed halls of academia. Ted has moved
from California to Albuquerque, NM, to be chief
investment officer for Albuquerque Academy.
On March 1 he assumed management of the
marketable securities portion of the academy
endowment, reporting directly to the board
of trustees. Plans are for Ted to succeed the
academy’s treasurer upon his retirement in
June, 2008. Prior to joining the academy,
Ted was managing director—West Coast
for the Commonfund, managing in excess
of $4B in assets for more than 60 schools.
No doubt Ted will continue to pursue his
long distance running and triathlons at his
new location. I encourage you to read the
article at www.aa.edu/alumni/news_detail.
asp?newsid=358733.
Another classmate who will be on the
move this summer is Marty Curran. He was
recently elected senior vice president and
general manager of Corning Optical Fiber.
He’ll be moving his wife Suzie and their two
daughters (Cara, 15; Kaylyn, 10) to Corning, NY.
Congratulations to you as well, Marty!
I received an update from another Richmonder,
Lou Gary: “Still at Hamilton Beach/Proctor-
Silex, but our company is about to be spun
off from our parent to become Hamilton
Beach this summer. This is big news after our
attempted acquisition/merger of one of our
competitors last year fell through. No change
in basic company structure will result, but we
will be poised to grow further and participate
in the industry consolidations. I am currently
managing the client services team in the
information services department. In this role
I have been involved in all the standard IT
areas of concern: outsourcing, service level
management, customer service, vendor
management and negotiations, IT governance,
etc. On the personal front, I won the company
golf league in 2007, so my priorities are still
straight and I continue to sharpen my saw!”
Laurel (Schultz) Quinn wrote, “This past
winter I worked part-time in the admissions
office at Princeton University. I learned first
hand what it takes for a high school senior to
gain acceptance to this hallowed institution. I
had a lot of fun and met some intelligent and
kind people. I am again ‘just a mom’ now that
the peak admissions season is over. As I have
always suffered from spring fever, this is a good
thing. Who wants to be in an office working
when it is sunny outside?! That’s where I’m
spending plenty of time this spring with my
54 • DARDEN Spring 2007
daughters’ lacrosse and soccer schedules. My still doing penance in the telecommunications
eldest daughter Annelise (almost 15) plays attack industry for the excesses of the late ’90s. I am
for the JV lacrosse team at the Peddie School in senior vice president of corporate development
nearby Hightstown, NJ. Mia, 12, plays midfield for XO Communications in Reston, VA. The
and Gennie, 10, is enjoying being “the keeper” kids are doing great and are continuing the
(goalie) on the same club lacrosse team. Mia also Virginia tradition. Andrew (College ’05) is now
plays travel soccer and is a sprinter for the school a fundraiser for the Democratic Congressional
track team. Sports are good.” Campaign Committee. Class members may
As I struggle to juggle our family’s three remember Andrew toddling around at Darden
baseball teams, two lacrosse teams, soccer functions. Kevin will realize a lifelong dream
team, track team, gymnastics, swim team and when he starts at Virginia this fall. Grace is
co-ed company softball team (my husband finishing 7th grade and is very busy with all her
I and both play, although I’ve threatened to middle school activities.
retire now that I’m at the half-century mark), “I see and talk with Tam Murray. We are
I couldn’t agree more—but I need a little neighbors in Alexandria and share a common
stress relief from the logistics of our family’s joy in watching our kids play lacrosse.”
stress relief! ’Til next time, Debbie. P.S. please,
please, please send me updates! This is my
shortest column ever and I have a reputation to
maintain, you know!
’86
Gregory Yorke
darden86@yorkefamily.com
’85 In contrast to the last issue of the Alumni
magazine, where the 1986 class notes
Gary Hatter spanned several pages, this time there’s not
much to report.
Ed d’Agostino shares the sad news that Ed
If you didn’t receive an email from me in
VanTassel lost his battle with pancreatic
early April begging for contributions, please let
cancer Feb. 26. “Ed was one of the strongest
me know your current email address so I can
willed people that I have ever met,” Ed
bother you in six months for the next issue!
d’Agostino writes. “He did things his own
Last fall Ellen Brittain Williams wrote
way and was never afraid to speak his mind.
in for the first time. She and Curtis are in
His dry and sometimes caustic humor was
Birmingham, of course, and busy: “Outside of
a constant source of entertainment both
work, school PTA, work with AIDS Alabama
at Darden and thereafter. Ed had a very
and church activities, Curtis and I are working
successful career in investment banking,
on a new sport for us—fly fishing. He actually
most recently at CS First Boston. He is
catches fish. I usually catch trees and bushes.”
survived by his 4-year-old son, Skylar.” The
Ellen is now the HR Director at the Birmingham
funeral was held March 5. Ed d’Agostino
News; after 15 years at Protective Life, she
notes that if anyone in the class would like
recommends changing industries after 50
more information, to contact him at edags@
to everyone. Their kids are both in high
eathlink.net or 610.348.3932.
school; their daughter Britt is goalie on a state
Bill Pearce reports, “Continue to manage
championship soccer team, and at 6’7,” son
emerging markets private equity investments,
Jonas spends a lot of time under, around, and
now as an LP with OPIC in WDC. Family life is
possibly over basketball hoops.
fantastic, with my wife, Sarah, and our almost-
Our Richmond correspondents—Scott
three-year-old, Natalie, who is effectively our
Cardozo, Bob Louthan, and Chip Bassett—all
24/7 single hobby these days!”
had comments on their children growing up.
Joyce Rothenberg writes, “I made a
Scott Cardozo is running a firm that
career change in January. After 11 years as an
manufactures devices that diagnose sleep
independent marketing consultant, I closed
apnea. “Yes,” he writes, “there are Darden grads
up shop and became the director of the
that actually produce and sell a product.” He’s
Career Management Center at the Vanderbilt
sure they’re about to catch a big demographic
Owen Graduate School of Management.
wave: “since sleep apnea is associated with
Everette Fortner at Darden was really helpful
age and obesity, I think it’s a market that will
in providing insight into the position and the
be around.” He’s not looking forward to his two
challenges faced by people in this position. I am
daughters becoming teenagers.
happy to report that with five months under
In response to my notion that recent
my belt I’m really enjoying my new career. It’s
classes must text or IM their class notes, Bob
really fun to be interacting with students on
Louthan proposes that the class of 1986
a daily basis and to have the opportunity to
show them all up with video podcasts. Left
sit in on classes that interest me, and I’ve had
unanswered is the demand-side problem: do I
the chance to guest lecture which has been
really want Tom Fulcher on my iPod? Bob and
really fun! It’s all very rejuvenating—I’m feeling
Katherine just celebrated their 20th anniversary
younger already!”
and they are looking forward to (dreading?)
William Garrahan sends this update: “I am
the oldest of their three boys heading off to
college this fall. Proving that today’s laptop-
toting students aren’t so different from those a
generation ago, Bob says “he’s trying to figure
out where he can have the ‘most fun.’”
Chip Bassett’s daughter wants to be an
actor, and now that she’s been accepted at a
number of programs, he’s facing a ROI problem:
“Just think, I can spend more than what my
second house cost to produce an extremely
talented and well-trained waitress!” He has
advice for those of us with younger children:
have you checked your numbers lately? “Seeing
the actual (college cost) numbers,” he says,
“proves that my assumptions about college cost
inflation were still too low even after ‘experts’
assured me I was being too conservative.”
Amy McDonald has a different set of
daughter issues. She sends this: “My biggest
news is the adoption of my daughter, Anna, this
past fall from Guatemala. Anna turned one in
March.” Amy says Anna is a happy baby—just
wait, I tell you—and has already met Louise
(Cannavo) Parzick and Stacy (Smith) Brinkley.
Pedro Medina’s Yo Creo en Columbia
foundation continues to spread the positive
news about his country. “The perception gap
is still huge on Colombia,” he says. “However,
last year over uno million foreign visitors
were seduced by the world’s happiest and
greenest nation and by the WOW country. If any
Dardenites decide to discover for yourself why
Colombia is the best kept secret in the world,
please write.” (You can email me for Pedro’s
email address).
Lastly, Mary Haggerty Miller wrote in
remembering a lost classmate: “I just enjoyed
three weeks in Florida with my family—Naples
and the Keys—and couldn’t help but think of
Peter Niehaus as we crossed the State on the
Tamiami Trail and Alligator Alley. It seems like
yesterday that the car crash happened and
we lost him—could it really be 20+ years? Not
the most upbeat thoughts, but his friends and
family might be glad to know he is still in our
thoughts.” Well said.
Be ready for my next Class Notes
solicitation, coming to an inbox (or IM chat, or
podcast, or phone, or IPTV channel) near you!
’87
Chris Padgett
9838 Waterbury Drive
St Louis, MO 63124
314/835-1012 (H)
314/982-1341 (W)
christopher.Padgett@purina.nestlé.com
crisandy@charter.net
I think everyone who attended the 20th
Reunion is still thinking about the friendships
renewed, the events enjoyed, and the end of
the pestering from Dick Dahling and myself.
It was truly a wonderful time. Here’s a brief
recap of the weekend.
My weekend began on Friday afternoon
with a long tour of the perimeter of Sponsor’s
Hall, looking for the check-in area. I ran into
Beth Fernbacher, who was relaxing at a table
in the Gatehouse patio; she was the first of
many classmates exuding an inner and outer
calm, not seen around Darden since that time
during Second-Year when the job offers were
in hand and the B-bar (at a minimum) was
assured. Beth was one of many classmates
traveling all the way from the West Coast for the
weekend. She sent me in the right direction to
check in to my room, and pick up my Reunion
bag at the school.
Right off the bat, I ran into Alyce
McAllister Outlaw, also picking up her
materials. We talked (proudly) about being
among the few members of the One-Job Since
Darden Club (OJSDC); I think Alyce should be
president of the club, as she also hasn’t moved
since Darden. She then ran off to a school
function for one of her kids. I was making
sure my rental car didn’t get a parking ticket,
and I saw Karen Strain Smythe, in from New
York, where she runs the family commercial
construction business.
The fun really began at the Friday evening
cocktail party at Darden. There’s always been
something special about having a cold one
with friends, in the shadows of the Blue Ridge
Mountains and the buildings of Mr. Jefferson’s
academical village, and this time was no
exception. Many of the 90 or so classmates,
spouses, and friends were there. I talked with
Lee Salsbery about home renovation (he was
dealing with a recent flood in his) and dodged
Charlie Duffy’s video and picture taking.
Professors Frey, Pfeiffer, Carraway, Brownlee and
others were there, too—all looked extremely
similar to their 1987 selves…perhaps being on
the teaching side of Darden is an elixir for long
life.
Speaking of teaching, my pod-ner
Adelaide Wilcox King was there, taking a break
from the commerce school, and promised to
help motivate my older boys toward UVA, when
we take the tour this summer. And speaking of
kids at UVA, Bob and Terri Smith were there,
too. Bob was definitely in the running for Best-
Preserved classmate, looking just like his 1987
yearbook picture; Bob’s comment was “well I
look really old on the inside.”
Jim Sowers told me he and his family
starred in a Stouffers lasagna TV commercial
(Stouffers is owned by Nestlé, the company
that also signs my paychecks). It was one of
those busy family vignettes. I promised I would
request the spot to share with the Class. As I
was working my way to the bar, I spied Tony
Smith—Pale Ale in hand. I turned and he was
gone.
I noticed a number of study group mini-
reunions, mine included, with Lynne Gordon
and John Graham talking about ponying
up to sponsor one of the study rooms (ha!).
Lynne works for Acco, makers of Swingline
staplers; she’s been setting up their off-shore
manufacturing. John continues to work for
ManorCare in Toledo, OH, and is another
member of the OJSDC.
Pat Schlegel reported that her apartment
renovation was nearly complete; renovations,
in general, were a big topic of conversation at
the Reunion warm-up cocktail party in New
York (a month prior to the big weekend). I
also got some great pictures of Kemp Dolliver
and Charles Magolske eating appetizers;
look for them on the Class Flickr website. In
mid-conversation with Howard Lee, we were
all reminded to hasten to Sally and Bubba
Fortner’s house in Crozet for the class dinner.
After a long drive, full of missed turns, we
arrived at the beautiful Fortner home—and the
place was packed. Peter Gambel was telling
everyone about the damage hurricane Katrina
caused to both home and business, while Jim
Cheng shared that he was now also a Law
School graduate (it was just something he
wanted to do).
It was great to see Donna and Frank
Lachance there, too; Donna took almost as
many pictures as Charlie Duffy during the
weekend! Laurie and Giff Breed drove over
from Richmond; Giff is in the running for best
job title in the class (Managing Director—Golf
and Outdoors, for Octagon Sports).
During the evening, Bubba was working
his printer, collating a huge printout that was
a part of a business deal Steve O’Connell was
working on, while at the Reunion. Similarly,
Ken Shea closed a deal either during the
cocktail party or at the dinner (not paying
attention, I was busy having fun). As usual,
most everyone ended up in the kitchen. Carrie
Coker Haley and Francine Shanfield were
talking about how Bubba Fortner also could
be considered for the Best-Preserved award, as
he looked just like he did during school, except
thinner! He attributes this to running (though
still likely connected to the non-student Darden
lifestyle). Thanks again for the hospitality.
We closed the evening at the bar at the
Boar’s Head, with Ken, Chris Muller, John
Haley, Mark Patterson, Bob Shanfield, and
I reminiscing about hunting for squirrels at
Tandem Farm. At one point I suggested we
consider going back after the furry rodents on
Saturday, and Mark mentioned it would be a
bit tricky walking, with guns, through the yards
of the houses now built where the Farm once
was. Rats!
Saturday began with many classmates
claiming strenuous workouts at their various
hotels, to justify indulging in the calorie-
dense brunches (the French toast “boats” at
the Boar’s Head were a popular choice). Many
then attended the Reunion Forums and Dean
Bruner’s State of the School Address, at the
Abbott Center auditorium. Interestingly, before
www.darden.virginia.edu • 55
Class Notes
the Dean’s talk, people were mulling about,
and there was someone from another class,
speaking with Sherwood Frey, who could have
been Bob Shanfield’s twin. Or perhaps his
less-handsome, not so charming older brother.
It was an odd sight, one captured on film by
the way.
The scholar-athletes in the class then
peeled off for the softball challenge versus the
oldsters from the Class of 1982. I was the first to
show up for our class, and for a while, I thought
I might have to take these senior citizens on all
by myself. Fortunately, as I watched our aged
opponents carbo-load with cans of Ensure, the
talent arrived: Craig Zarider, Rob Mitchell,
Mike Kender, and Mike Schwartzman.
Together, we worked our way out to a huge
lead, with powerful bats, good fielding, and
the limited flexibility of the ancient team we
were playing. After a while, we felt sorry for
the codgers—a few of them had even pulled
muscles and jammed fingers. So we let them
back into the game, so as not to decimate
their team spirit. Well, they tricked us! The
Ensure must have kicked in, because they beat
us by a couple of runs! We personified good
sportsmanship by presenting them with the
Golden Ball trophy (purchased earlier at Target),
and committed to a rematch five years hence.
I’m not sure what everyone did in the
afternoon: there was Darden Field Day and
other events, there was golf at Birdwood, and
there was going down to the Corner to buy
stuff at Mincer’s.
Saturday evening began with cocktails and
class pictures—everyone cleaned up real nice.
At the cocktail party, I ran into Seth Barnes,
who had written in his alumni questionnaire a
terrific personal accomplishment since Darden:
“Creating a ministry that is changing tens of
thousands of lives.” I think mine was something
about running a half-marathon…. There was
a bit of jostling for position during the class
picture: Greg and Rebecca Silvestri ended
up on different rows, Martha Lyle Gangemi
was behind Scott Gregory, Fred Stow, and
Tad Smith (and, thus, effectively blocked).
Tad, Greg, and Rebecca are all nominated for
maximum reunion participation, along with
Ken Zoeller, Mike Kender, and Pat Schlegel,
who all also attended the NY pre-reunion event.
We were shoo-ed into the South Lounge of
Saunders Hall for our formal Class Dinner. After
a nice meal, I likely created some indigestion
with a Powerpoint summary of our Class
twenty years later, starting with a quick recap
of the Class Giving. I stepped in for Dick
Dahling, who came down with pneumonia
earlier in the week, likely due to his tirelessly
working the phones to meet our giving goal.
I believe Brian McDonald won the farthest
from Charlottesville award, having worked for
International Paper in China. Vern Howard
received a sweatshirt in honor of his working
for the same company (Bank of America) since
56 • DARDEN Spring 2007
graduation. Closest to home winners were
Alyce McAllister Outlaw and Joel Mangham
(the Crozet contingent).
After the dinner, the music, dancing, and
fireworks ensued. A number of us, including
Paul Huddleston, positioned ourselves and
our eardrums at the bar farthest from the stage,
intent upon actually hearing what each other
was saying. As hoped for, a one-song mini-
reunion of Earl Black and the Whites took place,
with Craig Zarider and John Haley onstage;
inexplicably, Mike Kender shunned the
limelight and chose to drink, dance, and watch
with the rest of us. It was quite a sight on that
dance floor, with our many classmates shaking
what they could—many incriminating pictures
and videos were taken… possibly to be pulled
out just prior to the next class fund raiser.
The post-evening celebration included a
rousing game of Block-head back at the Boar’s
Head bar, with Ken Shea, Chris Muller, Mark
Patterson, John Haley, and Bob Shanfield,
along with pizza from the College Inn. Life in
Charlottesville doesn’t get much better than
this.
I had the chance to talk about work, raising
kids, vacations, and all the other usual things
people our age talk about, with most of our
classmates during the weekend. I want to list
those I wish I had found more time to catch
up with, including: John Hodgson, Landon
Wilson, Margie Fibel, Glenn Minkoff, Eileen
Circo, Reggie Lathan (who really worked
the west coast classmates to come), Michel
Denarie, and Syd Dorsey.
Edward Seddon Goode, died April 19 in
Charlotte after a long battle with cancer. Ed
was a great father, loving husband and friend
to many.
Born March 29, 1960 in Charlotte,
where he lived most of his life, Ed graduated
from Charlotte Latin School in 1978. He
then attended Davidson College where he
was a member of the Sigma Alpha Epsilon
fraternity. After graduating from Davidson
in 1982 with a BA in Economics, Ed went to
work for NCNB. After Darden he returned to
Charlotte where he married Elizabeth “Beth”
Whitener in June of 1987 and then joined First
Charlotte Corporation. He went on to found
Carolinas Capital Investment Corporation, a
Charlotte-based venture capital fund focused
on companies in the Carolinas. Carolinas
Capital invested in Digital Optics Corporation
where Ed became Chief Financial Officer
and Vice Chairman of the Board. Ed served
as a member of the North Carolina Railway
Advisory Commission and was the former Vice
Chairman of the Governor’s Rail Task Force. He
was appointed to the Board of Trustees of the
North Carolina Teachers’ and State Employees’
Retirement System and served from 1995 to
2001 and again from 2005 until today. In 2006,
he served on the School Building Solutions
Committee for the Charlotte Mecklenburg
Schools to help develop the capital plan for the
future of the local schools.
Ed loved North Carolina and the natural
beauty of his home state. Whether he was
taking the family to the beach or the mountains
or just hanging out at the farm, he enjoyed
his home state. More than anything, Ed was
happiest being at home with Beth and their
children. Going to lacrosse games, basketball
games, and anything to be with his family was
Ed’s greatest joy.
Ed is survived by his wife, Elizabeth
Whitener “Beth” Goode, his daughter, Mary
Ellen Goode, his son, Edward Seddon “Eddie”
Goode, Jr., his father and mother, Seddon
“Rusty” Goode, Jr. and Jane Nisbet Goode, his
sister and her husband, Elizabeth Goode “Beth”
Reigel and Ernest William “Ernie” Reigel, all of
Charlotte, and his sister and her husband, Mary
Jane Goode and Walter Curtis “Walt” Gramley of
New York City. He is also survived by two nieces,
three nephews, other relatives and many, many
friends.
A service to celebrate Ed’s life was held
at 3 p.m., Sunday, April 22, at Myers Park
Presbyterian Church in Charlotte.
Memorial funds may be made in Ed’s
name for Davidson College, Davidson, NC and
Hospice & Palliative Care, 1420 East Seventh
Street, Charlotte, NC 28204
In closing, thanks to everyone who
showed up—because it is all about showing
up, participating, and staying in contact. In
the presence of my classmates, I don’t think
I laughed so hard and smiled so much in a
very long time. And thanks to the Reunion
Committee for enduring the conference calls,
and helping to contact classmates. A special
thanks to Dick Dahling, who did a stellar job as
Class Agent and general motivator; has anyone
told him he’s on the hook for at least another
fives years?
And remember, only four and a half years
till our 25th!
’88 Reunion
Rob Hanckel
robert.hanckel@wachovia.com
Happy spring to all. As I write this note, it is 80
in Charlotte with the azaleas blooming while it
is snowing in Minneapolis….hmmm—glad I’m
in the south. Little white golf balls don’t do well
in the snow. There were a number of classmates
who answered my call for news, so on with the
show.
Allison (Cryor) DiNardo started her
own wireless company a couple of years ago
and sent an update: “Life is good, but work is
busy. Earlier this year (2006) the FCC granted
my company 16 licenses after winning them
in a PCS auction in 2005.In the past few days
(September 2006), the FCC concluded its
largest auction ever, the AWS auction, which
raised almost $14 billion for the US treasury
auctioning AWS spectrum from all over the
country. My company was successful in
“winning” 17 licenses, mostly in the Midwest.
Out of 104 successful bidders, Barat Wireless
(my company) was 8th in spending ($127
million), but a far cry from the spending of T-
Mobile with $4 billion. Allison was also honored
by the Washington Business Journal when she
was named as one of the “2006 Women Who
Mean Business.” The honorees represent women
from every industry and profession who’ve
made a difference in their communities, blazed
a trail and are leaving a mark on Washington
business. Well done on all fronts!
Also from the Washington area, Diana
(Suko) Hage wrote that she has made a career
change and gone into business with another
Darden grad and moved to Northern Virginia.
She has teamed up with fellow Darden alum,
Patrick Sweeney, at high-tech start-up ODIN
technologies. ODIN, based in Dulles, VA, is the
leading provider of RFID software and services
to the defense, retail and pharmaceutical
industries. As COO, Diana brings 20+ years IBM
experience in general management, corporate
strategy, consulting and sales, most recently
as the executive in charge of IBM’s $1B+
global wireless and RFID businesses. Diana
will be responsible for dramatically scaling
and successfully navigating ODIN’s growth in
this expanding global marketplace. Robert
Spekman, Darden faculty member and
globally recognized authority on supply chain
management adds sage oversight as a member
of the board of directors.
Continuing with the “change is good”
theme, Karen Bayer sent this: My dream has
come true and I now work a stone’s throw
from home! I joined GE Asset Management
(in Stamford, CT) over a year ago, managing
US equities.(Left John Levin, a hedge fund in
NYC in early ’06).We live in Greenwich, and
after so many years of working/commuting
in NYC, I have only a 10-minute drive.(I’m no
longer a weary daily commuter) Absolutely
love the ’burbs and Greenwich. I finally have
a social life—although my weekends are
spent attending swim meets (both of my sons
are on travel swim teams). Brad still travels
internationally but not as much; I’m thinking of
starting a garden this summer.”
I was able to track down Mike Crow who
wrote: “After 18 years in investment banking I
decided to cross over to the buy side last year
and joined Sequel Holdings in March 2006.
Sequel is a Dallas-based private equity firm
founded in 2003 by former executives from
Suiza Foods and Dean Foods. We focus on
making investments in middle market food and
beverage, and plastic packaging and related
businesses. We have four portfolio companies
and are looking for more. In addition to Sequel,
we have been busy at home with all three
boys (ages 16, 14, and 10) playing ice hockey.
Don’t know how I ended up with three hockey
players but in the past year we have traveled
to Phoenix, Chicago, Detroit, Fargo, Sarnia,
Toronto, St. Louis, Denver and Atlanta. I need
the private equity and M&A markets to remain
strong to keep up with their hockey schedule.
Last fall, the Richmond Times-Dispatch
wrote a nice article on Mike Williams, who
has been head of the trust department of First
Market Bank in Richmond for the last five years.
The article detailed Mike’s interest in finance
from his days as a teenager, and provided a
summary of his career emphasizing his banking
background predominantly in the Richmond
area.
Udo Reichling sent a short note around
Christmas that all is well with the family and
that he was looking forward to two weeks off
without traveling. Ah, the life of a consultant!
Beth Moffett-Powell also sent a Christmas
letter detailing a little of her family. Teddy is a
seventh grader who enjoys music, video games,
seasonal sports, camping and Scouts. Robby is
in fifth grade, and is a voracious reader. He likes
Scouts and video games but is also a member
of the chorus. Matt and Beth are the same
excepting a few more gray hairs. Matt bought a
pristine ’98 Mustang to go with his vintage ’68
Mustang so they both can cruise the streets of
DC in style.
David Lund wrote a nice note: “Life is good
in Cincinnati. I am director of innovation and
product development for Chiquita, and my
group is tasked with transforming commodity
fresh fruit into value added fresh fruit. We
bring around 6 billion bananas to market each
year, but we are trying to get consumers to eat
more. Right now, we are doing fun work on
extending the shelf life of bananas. Work does
include a lot of trips to our farms in Central
America, and while my Spanish is improving, it
still has a ways to go. My family is doing well.
Beth is working as an organic gardener for
a non-profit educational foundation here in
Cincinnati. My oldest son Andrew is a senior
in high school, which has meant trips to many
colleges this past year. My daughter Margie
is a freshman in high school and son Peter
is in the sixth grade. Beth and I spend our
free time driving to band, choir, orchestra,
soccer, lacrosse, cross country, and scouting
events. Typical family stuff, but wonderful all
the same.
Martha Shenkenberg writes that she is
battling middle age by organizing the Pasadena
Marathon and Bike Tour for fall 2008. So, if you
need some motivation, consider joining her
for the 1/2 tour or if you’re really brave, take
on the whole thing! I personally think I’ll cheer
everyone on from afar!
Simon Harford is back from across the
pond. He says that life in Indianapolis is fine
nine months after our return from Europe: “The
kids have settled back into school and Tina is
renovating the house from top-to-bottom. We
are still traveling back home to the UK twice
a year for Christmas and summer vacation
to visit family, but our roots are now in the
US. The job I took on last year as controller at
Lilly is going well and the challenges that the
pharmaceutical industry faces are what makes
the job so interesting. Tina and I (without kids!)
will be attending the 20th reunion next year to
reconnect with friends and colleagues.”
Mark Sanford, as busy as he is, was kind
enough to send an update: “Things are busy
down here in South Carolina. The four boys
are growing older by the day (14, 13, 11 and
8) which means Jenny and I have our hands
full with soccer practices, tennis matches
and all the other enjoyable things that come
with raising four unique and energetic sons.
Needless to say, my day job also provides
for quite a hectic schedule. It also seems like
every presidential candidate in the nation is
descending on our state these days-so much
so that I’m thinking about opening up a bed
and breakfast. (Mark, you certainly have a big
enough house for it!) We plan to host the first
Republican presidential debate in the South
on May 15 this year, so things are sure to get
even more frenzied down here in the coming
months.”
I received two notes from a couple of
classmates who we haven’t heard from in a
while, Paul Diodati and Scott Thomas. Paul
writes: “News about myself and my family - I’m
still a vice president/solution architect in the
SAP practice of Technology Solutions Company,
a small consulting firm based out of Chicago,
and I’ve been with them for almost 12 years
now. I mostly manage large SAP projects for
companies and do business development for
our firm. I am just now wrapping up a one-year
engagement at Mannatech in Dallas. My wife
Carol and I live in Alpharetta, Georgia - and
we have seven children. Our oldest daughter,
Cristina, 20, is a sophomore at the University
of Dallas (she was born at Darden during my
freshman year), and she just got back from
a semester abroad in Rome. Monica, 18, is in
12th grade and is graduating from Holy Spirit
Preparatory High School this year - and is about
to decide on a college. Maria, 16, is in 10th
grade at the same school and plays soccer and
runs cross country/track. Bernadette, 14, is in
8th grade and plays soccer and volleyball. Clara,
12, is in 6th grade and plays soccer. Agustin,
9 (we call him Augie), is in 3rd grade and is
an avid baseball player and Braves fan. John
Paul, 7, is in 1st grade and plays soccer, but he
is more interested in Legos and Star Wars. Life
is extremely busy for my wife and I—but full
of joy as well. We were fortunate to be able to
visit our daughter Cristina in Rome last October
for our 20th wedding anniversary trip. We also
made it to Tuscany, Venice and Paris. I hope to
see everyone next year at our 2008 reunion.”
And Scott sent his update: “Moved back to
Hong Kong about 18 months ago with VF
www.darden.virginia.edu • 57
Class Notes
Corp. better known for the brands under
their umbrella: Lee, Wrangler, Nautica, The
North Face, Vans, Reef, Jansport, Kipling and a
dozen or so others. Prior to VF we took about
six years off from life in Asia getting our kids
Nick and Kensi safely through high school and
into college. Nick is in the business program
at UNC-CH and Kensi is working toward a
bachelor’s in business from Meredith College
in Raleigh. Chris is also now working on a Ph.D.
in psychology. Three tuitions...good thing VF
came along. Scott mentioned that he has tried
to get together with Tom Neir for coffee (I hope
it’s free!), and I told him that David “Platinum”
Gold was also in Hong Kong with Pfizer. Connie
and I were in Hilton Head just before New Years
and ran into Dirk and Kelly Baker at breakfast.
They looked great. Actually Kelly saw us first
and when Dirk came over to speak I didn’t
recognize him—pretty embarrassing on my
part. I need to chalk it up to lack of coffee. On
the local front in Charlotte, Britt Byrne was
just named managing director, in charge of
the Carolinas retail development operation
for Faison Enterprises. I have seen several of
our classmates including Mary Long, Steve
Biggerstaff and Sylvia (Bray) Kinsey. Sylvia’s
son, Richard, got married to a great girl the
weekend before Easter in Spokane, WA.”
And last but not least, Mack Faulkner wrote
that he and Mary Yvonne have a new baby
Everett Powell Faulkner born January 23.
That’s all the news I have for this issue.
Remember our 20th reunion is not even a year
away. You will be hearing a lot about that from
school, Jack Oakes and me.
All the best and I hope everyone has a safe
and healthy year.
’89
Larry Bernert
Paula Dyjak Giles and her husband Joe have
lived in Devon, PA, for thirteen years. They
have four children, Caro, 12, Dana, 10, Molly,
7, and Max, 4. Paula is running the home front
after working for Arthur Andersen and Aetna
real estate in the years after Darden, and she
manages to keep up with Champe and Anne
Fisher who also live in the Philadelphia area.
Rooney and Barbara (Swinton) Debutts
live in McLean, VA, and life is good for them and
their three children Willie, 13, Forrest, 11, and
Elizabeth, 9. All three kids are playing lacrosse
among their many activities. Rooney called me
back from the City of York pub in London where
he was on “business.” He is still focused on
corporate strategy and Barbara is doing some
part-time contract work now as well. After 10
years of full-time focus on raising children she
attended a Darden School seminar for women
going back to work last year. That seminar and
Barbara were the subject of an article in Virginia
Business magazine and Barbara has found a
58 • DARDEN Spring 2007
way to work as much as she wants to while still
running the show at home. Barbara is also a
member of the Darden School Alumni board.
Keith Bachman continues to have a hard
time holding onto a job. When I spoke to him
he was beginning a three month “time-out”
before going to work as an analyst for the
Bank of Montreal. He says he is hoping to get
reacquainted with his family after working
too many hours during his stint with Bank of
America, but the first time he tried to cook
dinner he left the stove on and almost burned
the house down. I’m sure Keith’s wife Ginny and
their children Avery, Natalie, and Landon are
ready for dad to go back to the office.
Since 2002 Pat Frith has been managing
bond portfolios for Evergreen Investments in
Charlotte. He and Barb (my wife Amy’s UVA law
school roommate) have two girls and a boy, and
Pat says their big adventure this year was spring
break at Disney World.
Bill Cooper lives in Richmond but is
working at UVA as the Director of Supplier
Diversity. He took the job after working as
a consultant to the university helping them
to retool their supplier diversity programs.
Bill closed his 10-year-old printing business
in 2003 and says the lessons learned from
the highs and lows of that experience have
served him well in his new position. He also
owns two Dominic’s of New York franchises
which sell food from kiosks in Lowe’s parking
lots. Bill’s nephew runs the businesses for him
but Bill does much of the office work and is
grateful for the opportunity to stay in touch
with his entrepreneurial side. Bill’s son Eric is a
member of Darden’s Class of 2008 and I think
Bill must be the first member of our class to
attend Parents’ Day as a parent. He says the
biggest event for him in the fast few years was
becoming a grandfather to Eric’s daughter
Emera.
Michael Alston was named president
of Landmark Interactive, a new division of
Landmark Communications which focuses
on growth through acquisitions of Internet-
delivered B2B and B2C services. Landmark
Interactive includes companies located in
Atlanta, Norfolk, Chicago and New Hampshire
that serve lead-generation and niche
marketplaces. Michael is based in Norfolk.
Landmark Interactive has a cluster of Darden
grads—Karl Quist (MBA ’99), Chris Smythe (MBA
’00), Hunter Stokes (MBA ’05), Lisa Evans (MBA
’07)—in addition to the many others spread
around Landmark. Michael and Nancy, and
their children Molly and Peter, moved into a
house just a couple of doors down the street
from my family this year. Molly, who was born
two weeks before we started Darden, is in her
second year at UVA.
Speaking of Landmark Communications,
Joe Fiveash is the senior vice president and
general manager for The Weather Channel
Interactive, which operates weather.com. He
has overall responsibility for the company’s
Internet, desktop, subscription, broadband
and mobile platforms. Joe and Frazer, (another
UVA Law grad) live in Atlanta with their sons
Gardner and Harrison.
Steve Hassett joined Joe at The Weather
Channel Interactive this year and is now
VP- New Ventures with responsibility for new
business and acquisitions for the company.
Steve and Anne have two daughters, Charlotte
and Sarah.
Alex Picou, has joined KeyBanc Capital
Markets Consumer Markets Industry Group.
Alex will head the Gaming, Travel & Leisure
investment banking group and be based in
New York City. Most importantly, Alex and
Deirdra are the proud parents of twin girls,
Alexandra and Ariel, born July 2005.
Thanks to those of you who got in touch
this quarter. To the rest of you, please take a
minute and send me a quick e-mail with an
update that I can share with our classmates.
Have a great summer, and my best to you and
your families.
’90
Heather McGrew
Happy spring! Tax day is a few days away as
I write this and I just got a note from Chris
English in which he questions Darden’s
support of alumni who pursue careers in
accounting. I have to say there is some
merit to his theory of a conspiracy against
accountants. Reunion weekend tends to
fall right around tax day (although it is the
weekend after taxes are due this year) as does
the spring deadline for our class notes. That
being said, we have no news on Chris English
other than he has been trying to send in an
update for the class notes since 2004 but
simply hasn’t had the time to get it together
before the column deadline. Hopefully my call
for news in the fall will be well timed for Chris
and the other accountants amongst us. Please
note that you don’t have to wait for me to ask
you for news to send me news. My email box
is open for business in the “off season,” so to
speak.
Ken Ward has surfaced after many years
of flying below the radar. After graduation,
Ken was hired to write a business plan for a
start up company that didn’t start up. So soon
thereafter he moved onto another job as an
analyst presumably looking at diversification
opportunities for Universal Corporation,
a Fortune 500 company in Richmond. But
soon after Ken showed up, they decided that
instead of focusing on further diversification,
they would divest some of their non core
businesses. By 1993, Ken was in Baltimore,
again to evaluate diversification opportunities,
this time for Constellation Energy, another
Fortune 500 energy company. Again, Ken
found his new employer changing direction
shortly after his arrival. Rather than pursuing a
strategy for growth through M&A, Constellation
Energy decided that their best option for
driving revenue growth was to invest the
capital necessary to expand greatly their gas
distribution utility. Ken took on responsibility
for strategic planning and budgeting for their
gas distribution business. Finally in 2000, he
was recruited away by a subsidiary of Pepco
Holdings, another Fortune 500 energy company
based in DC, after they promised that they
were really, truly going to buy companies and
at last Ken would get to work on some M&A
transactions. He served as the M&A manager for
the purchase of four companies, which he really
enjoyed. Ken then performed the strategic
planning and financial analysis to operate the
purchased companies as well as three more
that were under the holding company. About
18 months ago, the parent company decided
to divest some of the non-core businesses and
he signed on to serve as the due diligence
manager for seven divestitures. In the process
he discovered that selling companies is
almost as much fun as buying them. He
also discovered that the downside of selling
companies is that you can work yourself out
of a job. His office in Baltimore will be closing
soon and he will be moving on to another
opportunity. Ken claims it won’t be another 17
years before we hear from him again because
he is planning to attend our 20-year reunion.
Paul Pliakas and his family are living in
Minneapolis. About a year ago, Paul took a
new job with a company called Realityworks,
an interactive educational products company.
His new gig involves leading the new products
marketing and product management activities
at this rapidly growing company well known
for its “Baby Think It Over” infant stimulator
and RealCare Baby product lines. He was
attracted to this new job because it fits well
with his desire to lead the development of
new products in an extremely entrepreneurial
company. He spends about 80 percent of his
time identifying, evaluating and developing
new products and the rest of his time managing
existing product lines. Paul’s family is doing
well, although Paul finds being the father of a
16-year-old daughter a challenging adjustment
and has fond memories of being the father of
a 14-year-old daughter. Paul keeps up with a
number of classmates in the Twin Cities and
beyond. He has recently seen Roger McKnight,
Alex Ware and John Harris (MBA ’91). This past
fall he got together with both Steve Silbiger
and Ron Aizer.
Speaking of Steve and Ron … Steve and
Sandy’s son Sam is now 13 and plays drums in
the school’s jazz band. Their daughter Sarah is
11 and plays lacrosse. Steve’s business is going
well. His new big thing is a product called
Urine Gone, which received the number nine
ranking among all direct response products
for 2006. Keeping with the bodily fluids theme
(did I really just write that?), Ron Aizer has left
management consulting to join the Red Cross.
He recently took a job in DC as the Senior
Director of Finance and Business Planning
for the disaster preparedness and response
organization.
Other movers and shakers in the class
include David Funk. Last I had heard David was
living in Charlottesville. He recently sent me a
note that he has accepted a job in Charlotte
as the chief operating officer of Raggs, which
has produced a successful children’s television
show that is performing very well in Australia
and will begin to air in the US this summer.
Another alum on the move: Michael Larsen’s
family relocated back to Newport Beach, CA,
summer 2005 after a year in Gig Harbor, WA.
They are enjoying being back near family
and friends and the children (Caroline, 13,
Andrew, 10, Peter, 6) are busy with the typical
school and sports activities. Michael opened
an office in Newport Beach for Presidio Wealth
Management, an investment consultant
based in the Bay area. Beyond that he is
active leading the board of an exciting new
organization called International Princess
Project (IPP). The mission of IPP is to advocate
for enslaved prostitutes, restore their broken
lives and empower them to live free. It’s a huge
mission in which they are initially focused on
establishing sewing centers in places such as
India where women who have been rescued
learn to sew as an early step on the path to
restoring their dignity. They are seeking to help
these sewing centers become self-sustaining
through the sale of “pun-jammies” that IPP will
distribute in the US and possibly elsewhere. If
this cause should interest anyone please feel
free to get in touch with Michael and he’d be
happy to get you involved. If any classmates
find themselves in the Newport Beach area,
please give the Larsens a call. They’d love to
have you over for dinner.
Madeleine McGee sent me a note to
alert me that PINK magazine and the Forte
Foundation named Susan Sobbott as one of
the 15 top women in business in their March
issue (see www.fortefoundation.org).
Kristin Colber-Baker left Burger King
Corp. in July 2005. She intended to take off
six months to travel, plan and spend more
time with her husband and two boys. Six
months quickly turned into 12 and she began
to wonder how she ever managed to fit work
into her schedule. Kristin and her family visited
friends in Japan, Hungary and Austria and
throughout the US. When Kristin sent me a note
a few months back, she was contemplating her
next career move, but as of this writing I don’t
have a more recent update. At the time, she was
considering some board positions.
Scott Price checked in from Asia. He is
based in Singapore and is the CEO of DHL
Express Asia Pacific. He recently became the
chairman of the Pacific Basin Economic Council.
Hiroshi Kato was kind enough to cough
up Hans Horne’s new email address I was
able to reconnect with Hans. He and his wife
Flavia have been happily married for 15 years
and have four children ranging from 5 ½ to
10 years old. And they are all growing up too
fast. Hans left Wrigley almost four years ago
to join Novartis as finance head for Western
and Central Europe. A year ago he became
the CFO for their global ophthalmic business
unit, and since January he has headed up
their Shared Services initiatives. He is able to
travel to culturally rich countries like India and
China, which he describes as both enriching
and eye opening. His travels through Asia have
provided the opportunity for him to catch
up with both Hiroshi and Toyo Taniguchi.
His travels have also served as a reminder of
how privileged those of us living in the west
truly are. Hans wants to put a challenge out to
the class to raise $25,000 to build and run an
elementary school in Cambodia for one year. If
anyone is interested in working with Hans and
contributing time or money or both, please get
in touch with him (hans.horne@novartis.com).
Jessica Knopp-Gwynne is close to
completing her graduate degree from Christie’s
Education in Art History and Business. After five
years of successfully running her own brand
strategy-consulting firm, last fall she decided
to go back to school, a move motivated by
a long-term desire to find a way to combine
her business background with her lifelong
love of art and design. She graduates in June
and is looking at business opportunities in
art consulting. Essentially she will be advising
clients on buying and selling art for investment
services. She is considering opportunities to
pursue this through either a big investment
bank such as UBS or doing it on her own. We
look forward to getting an update on how this
plays out. Jessica recently had dinner in Boston
with Jeanne Mockard and reports that all is
well with Jeanne.
Steve Wilson started a putter business
with a friend called IAG Putters (www.
iagputters.com). Their website just went live
in March so Steve needs everyone to log on
and order one (so he can stop working for
corporate America). Their putters are also
sold by Diamond Tour Golf and other dealers
throughout the Chicago area.
Walter Birch checked in from southern
Florida where he recently had lunch with
UVA President John Casteen. Walter ran
unsuccessfully for the Florida State House
of Representatives last year. With a full time
political career on hold for the moment, he is
focused on fulltime recruiting at CXO Executive
Search where he is a partner. 
From the random classmate spotting
file, John Hackett reports that he bumped
into Rob Citrone at a charity golf event last
fall near Pittsburgh. John writes, “I had just
www.darden.virginia.edu • 59
Class Notes
Phil Clough at a lunch with Darden Dean of parenthood and jobs prevent them from
Robert Bruner. Larry has been in Baltimore with seeing each other very often. Mole’s baby boy,
T. Rowe since graduation and talks with Phil Wiley, is getting big and has learned recently
and Tim Krongard. He has also heard from to “squinch” across the floor on his bottom. I’ve
Rusty Saylor through a friend. heard a rumor that Wiley has already gone on
Nelson Patterson sent me an email from his first hunt. Unlike our friends in Japan, Mole
Seattle where he is the global director of did not write about the cherry blossoms in
customer marketing at SonoSite. Inexplicably, Virginia this year but did note that it will soon
I managed to erase most of his email so I can’t be time to break out the boat for flounder
include all the details. I do remember that he season. Frank has recently learned that one of
mentioned that he regularly sees Dan Philips, the joys of owning your own company is the joy
who is working for Goldman Sachs. Their of driving the company van to and from work
children attend the same school and they go to when your car is in the shop. His sons Kirby, 9,
the same church. and Matt, 7, thought the circa 2000 minivan
Dan Sorkowitz sent a note to say that he emblazoned with Entry Guard was the coolest
has been married one year and they are still thing ever. His wife, Mary Cay, however, was not
happy. On June 24, he and his wife are hosting too pleased.
their USA wedding party on the top of Mt. Tam Two other close
near San Francisco. All Wahoos are invited. Darden friends
Dan and his wife will be spending the last two who are practically
weeks of June in California before heading back neighbors in
The Hoagland and Bennet families
to Taiwan. Arlington, VA, but
George Cassiere and his family are in find life’s pressing
received an award for closest to the pin on
Indianapolis and are still basking in the glory of demands get in the
the 14th (seven inches short of a hole-in-
the Colt’s Super Bowl victory. George started his way of their social
one on a 198 yard uphill par 3) and Rob had
company, Pace Financial Group, in 2002 and in lives and their golf
won a Steelers football jersey by bidding an
the past five years they have completed more game, are Jim Hart
obscenely generous amount of money in the
than 60 transactions, the majority of which and Bob Cox. Jim
silent auction. At the time, I thought ‘No way.
have been ESOPs. George truly enjoys being and Lisa’s little boy, Jim and Jimmy Hart
That’s emerging markets Guru Rob Citrone from
a part of creating employee ownership at his Jimmy, whom I met
Darden.’ He must have been thinking the same
clients’ companies. when I stopped to see them back in November,
thing. ‘No way. That’s John Hackett from Darden.’
Gam Rose and his wife Kendall (MBA ’89) is really cute. At 10 months he is just starting to
Thankfully, he was good enough to come over
have three kids and live in Falls Church, VA. walk. Bob and Shawn’s little boy, John, is now
and end the uncertainty by congratulating me
Their youngest, daughter Hannah, was born last two and a half and in preschool.
on my fabulous shot.” John and his family are
Christmas. Gam is steeped in the drug control Two classmates who live in very close
in New York City where he lives with his wife
problem at DEA and says he is “Learning much, proximity and who we can safely assume do
Julia, three kids, one au pair and 20 cats. I’m
earning some, being blessed.” He attended see each other on a regular basis are Sue and
not so sure about the 20 cats business, given
the 120 Caper at the Army Navy Club in D.C. in Sean McGee. The McGees are still living in New
the size of your average New York apartment.
March for Professors Bill Sihler, Alec Horniman, Jersey. Sue continues to work part time at J&J
But that’s what he claims so that’s what I’m
and John Colley. Gam writes, “In like lions 40 (Ethicon) and Sean is still at Merrill Lynch and
reporting (also, I don’t know John well enough
years ago, out like lambs in March 2007. Colley’s quite happy. Their daughter Madeline is 11 and
to apply the appropriate Hackett to Reality
acknowledgements were priceless. Now I can in 6th grade and their son Owen is 6 and in 1st
conversion rate). John and a partner started a
accept my diploma.” grade.
new leasing brokerage firm two years ago. It
Tony Gabriele is still on the west coast One of our other Darden couples, Tim
is a two-man shop. His partner works mostly
where he reports that life is good. His wife just and Barbara (Meyer) Blair, will be heading to
out of Connecticut, so John has established a
had their third child, Allistair Dallas Gabriele. Kenya in June with their two children, Cassie
flexible nap and “take your cat to work” policy
They now have two boys and a girl, all under and Reilly. Tim is going to be running the
for the New York head office. If you find yourself
the age of three. marathon in Kenya, hitting continent number
in midtown Manhattan after 2 p.m. with time on
I got numerous emails from classmates five on his seven-continent goal. Yes indeed,
your hands, contact John (jhackett@gsfadvisors.
who claimed that they had no news to report Barb does think he is crazy but since this
com). He has hinted that you may just be able
but shared a few interesting tidbits. Both passion of his takes them to rather cool places,
to twist his arm and convince him to join you for
Hiroshi and Toyo wrote to tell me that while she isn’t fighting him on it.
an early happy hour.
they have no real news, the cherry blossom Reenst and I recently sent out a note to
Gina Galgano Hoagland’s family got
season in Tokyo is spectacular this year. As the class from our first Darden ’90 scholarship
together with the Michael Bennett family over
reported above, they both have seen Hans recipient, Noah Marks. If you didn’t receive
the Christmas holidays in Sacramento. Gina,
Horne in the past year. Toyo writes that they this note from me via email or from Reenst via
her husband Lee, and their three children,
also get together a few times a year with Rob snail mail and you would like to read up on
Simone, Nathan and Keith, visited Michael and
Garone. He also mentioned something about young Mr. Marks and the first year of his Darden
his partner Rich and their little boy Daniel. Gina
the three of them hanging out with all-male Experience, please shoot me an email and I’ll
writes that Michael’s bakery business is doing
gangs but I’ve decided that he was simply forward it along. Soon we will be announcing
well. He’s running a commercial operation
being coy about their “boys’ night out.” the second Darden ’90 scholarship recipient.
with no retail and is in the process of buying
I got separate emails from Dave On a very sad note, in January we lost one
a building. Gina’s consulting firm continues to
Mulholland, Frank Kollmansperger and of our classmates. On Jan. 18, Lito Quimbo,
grow. They are up to 12 people.
Richard Skeppstrom, who all live within who also went by Lee, passed away. Lito was
Larry Puglia reports that he recently saw
close proximity in Richmond but the demands out dancing and collapsed. He was rushed to

60 • DARDEN Spring 2007

the hospital but did not recover. It is believed
that he suffered from a heart attack. Lito is
survived by his wife and children. I saw Lito a
number of times at Darden alumni events in
New York and at our 15-year reunion. He was
always very high energy and full of ideas and
optimism. In many ways for me it is fitting that
our last image of Lito is of him dancing.
’91
Laurel Peltier
laurel77@comcast.net
Thanks to everyone who wrote in, though I
may have embellished Dave Roche’s update a
bit as his eight word email left a little room for
interpretation… Dave Roche wrote in from
Atlanta, “For the last three years, I’ve been
at CIBA Vision.  However, I’m leaving to join
a small firm called Selling Solutions, which
helps clients such as Coke define their value
proposition and positioning with their large
customers such as Wal-Mart and McDonalds. I
have been running marathons, and think I’ll
go for the Iron Man Competition in Hawaii
next summer. Lots of friends here in Atlanta
and as the Darden Chapter Alum chair we’ve
been really busy with martini parties and CEO
lectures.”
Jay Scott sends this news: “Sarah and I
are still living in Charlottesville with Ford, 4½,
and Alden, 20 months. After 16 years at UVA,
I have decided to step down from my current
position and take 6-9 months off, and then
do something new and different. I am looking
forward to spending some time researching my
next venture and was inspired by many of our
classmates at the 15th reunion last year. We are
looking forward to having the time together as
a family and will do some traveling before I get
back to work on the next career.”
Paul Hoffman wrote in to tell us of taking
over the orchestra and hear is his update. “I’m in
my fourth year of running an orchestra in New
Hampshire, and have pretty much returned the
organization to its rightful place on the state’s
cultural scene. (I’ve made full use of a variety
of case studies.) I’m enjoying a frequent role
as sergeant at arms for the Manchester Rotary
Club, where my task is to tell bad jokes in a
public setting. So again, the Darden classroom
was excellent training. Kerry is happy and riding
her horse Bugs. Martha is in fifth grade and
starting a little Chinese (I guess we should all
learn soon) and Samuel has just started violin
lessons. Domestic bliss, really.”
Mike Brodziak wrote an email from
China—“Since we last spoke, Sally & I have
moved to Shanghai. We have only been here for
one month, but are absolutely loving it.  We are
empty nesters as both Kerry (Bowdoin, ME) &
Kimberly (Rhodes, TN) are at college.
Tracy Shirley wrote to Brian Cowan who
then passed it to me… she writes, “Haven’t
qualified for Boston’s Marathon yet; I’m still
looking for those 18 minutes, but I’m having
fun trying.  I ran the Chicago and Houston
Marathons (October and January) and am
training for an April marathon, probably OKC.  Well I’m flying back from our Darden class
I ran a 3:52 in Chicago and a 4:01 in Houston,
both fast courses that I didn’t do well on, based
on my training times. I ran 22 miles in Shanghai
in 3:15 so I was expecting a better time in
Houston. Shanghai is a great place to run, warm
in the winter (at least it was in December) and if
the air is clear, it is a great tour.”
Beth Innis Landin recently made a
major decision to leave Corning. In March she
began a new position as director—business
development & strategic planning for Market
Street Trust Company, based in Corning, NY.
This new life will include less travel, more
scheduling flexibility, and more time to spend
with Kyle and Lien! Beth keeps busy on several
community boards, volunteering at the kids’
schools. She’s also resumed Mandarin classes,
and is happy to be chatting in Putonghua again.
Ruthie Hill Klinck sends this update:
“The Klinck family has moved up to Wellesley,
MA, where husband Jack is working at State
Street. We’ve been on the move. Ruthie and
the kids are getting situated into their new
neighborhood (aside, it all comes down to the
neighbors…). Jessie, 11, is in 6th grade, Philip,
9, is in 3rd, and Mason, 6, is in kindergarten.
They are in the Wellesley public schools and
doing well. Jessie has a new lab puppy. We
drove from Pittsburgh to West Union, WV, on a
snowy Saturday in February (two days before
the movers arrived at our house). We picked
up Abby and she has been such a bundle of
joy and chaos. We all still miss Pittsburgh quite
a bit, but love the Red Sox and that makes
everything okay. I think we will like being on
the east coast.” Ruthie is not working out of the
home, but always contemplating it, so looks
forward to networking with Darden alumni
in the Boston area. “We hope to stay here for
awhile!” she says.
Pascal Monteiro de Barros checks in…
“Living between London and Gloucestershire,
in my 5th year of working for EIM in London, a
leading Fund of Hedge Funds, raising assets in
Europe, S. America and the Persian Gulf.  Four
children ages 9-14. See a lot of Casey Norman
who lives minutes away, and most recently
Harris Jones, and Guillaume Cuvelier who
sold his company!” (Secretary’s note—is that
code for Guillaume has now retired and is
living comfortably in Paris with his family? We
certainly hope so, now we can all visit again. It’s
been awhile since we crashed at your parent’s
house during our second year leadership study
where we visited every Pizza Hut in France. No
one’s bitter about the fact we studied fast food
distribution strategies in France instead of the
art of finding the perfect croissant.)
Happy summer, be healthy and happy.—Laurel.
’92
Jamie Berger
reunion, and since I’m all about the efficiency I
figured I’d write up my notes while everything
was fresh in my head.
Okay, who am I kidding—it’s actually
weeks after the reunion, I took no notes
before, during, or after, and just got an email
from Darden informing I have until, oh,
tomorrow to turn mine in. So it looks like this
particular update will consist of a series of
brief, incoherent ramblings, as opposed to the
protracted ramblings that typify your normal
class notes. The good news is this go-around I
have help from my lovely assistant (and future
class secretary nominee) Richard Longstaff,
who was kind enough to do my job and send
in wide ranging observations from the reunion.
Since Richard is British, you also get the added
bonus of his write-up being far better written
and wittier than my own interpretation, so I will
include them unedited:
“Jon Pelson, taking time off from his frantic
transatlantic shuttling between DC and London
for British Telecoms, came down to the Friday
evening festivities and showed himself more
than qualified to retain his long-standing title
as Class of ’92’s ‘Person Most Likely To Carry Two
Or More Cell Phones.’”
Internet Billionaire (in Zimbabwean
dollars, that is) Eric Dean showed remarkable
prowess on the dance floor, accompanied by
very happy-looking wife, Heather. Apparently,
the joy was only partially down to Eric’s Fred
Astaire-like qualities—the fact that they
had been able to leave their two children at
nearby grandparents and enjoy a rare evening
together was also a significant factor.
Shin Furukawa, to the disappointment
of many, did not visibly slumber through any
of the main events of the weekend. However,
when receiving a tour of the new school, Shin
was heard to ask why the classroom chairs
didn’t recline horizontally or have padded
headrests.
Jan-Eric Brethaan showed that the
Viking Spirit is alive and well by driving around
town in the largest SUV that money can
rent. Apparently, Norwegian law requires all
citizens to do this when visiting the United
States, to help support their poor nation’s
suffering oil industry. However, when Jan-Eric
forgot to put money in the parking meter at
the Downtown Mall and nearly got towed, it
was Judy Baker rather than the mad Viking,
who went on the offensive with the tow-
truck operator. Judy, using some innovative
techniques not yet covered in Darden’s
Bargaining and Negotiations course, called (at
2 in the morning) the Charlottesville Police, the
mayor’s office and the owner of the parking
lot to protest the pending removal of Jan Eric’s
car. The bleary-eyed tow-tuck operator (who,
www.darden.virginia.edu • 61
Class Notes
difficult though it is to believe, really did have
the legend ‘Shifflett Towing’ sewn onto the
breast pocket of his overalls), was heard to ask
a bystander “is she from New York?” All ended
amicably, however, when Mr. Shifflett decided
to exercise the $100 profit-sharing option
proposed by fellow passengers Ted Gillman,
Shin Furukawa and Richard Longstaff; and
released the car.
Whew, my former Darden News Editor bails
me out of a tough one (and Jan Erik too for that
matter). Thank you, Richard, for helping me get
over the 500 word-count hump so effortlessly.
If only he’d been so much help in class. Well,
it’s all downhill from here—both in terms of
the time remaining to finish and the quality of
writing….
So let’s start with Richard, who is still
working at Bearing Point in London, and still
focusing on doing business in places that I
can’t pronounce. I got caught in the middle of a
discussion between Richard and Judith Baker,
who is now living in Turkey and is also working
on putting together funding for projects
in developing countries. After 15 minutes
of fascinating discussion on their favourite
pipeline projects in Kyrgyzstan I knew it was
time to make an exit…graceful or otherwise….
Fortunately I was able to glom onto Asli
Eksioglu who is also living in Turkey, but
focused on something I can relate to…mindless
entertainment. Asli left the advertising world
and formed a partnership named, ah, The
Partnership (apparently Asli wasn’t on the
creative side of the ad biz). Her latest project
was producing the Turkish version of The
Apprentice, where she was required to cast the
man with the worst hair in Turkey.
Pascal Bouvier spent most of the reunion
parading around his new girlfriend, Eileen.
Clearly he has found his soul-mate since she
seemed to have an even more twisted sense of
humor than Pascal and apparently understands
more than 60 percent of what he’s talking
about at any given time (although I would
have thought the inverse was true, where
his soul-mate would understand only the
bare minimum of what he was saying). Pascal
meanwhile is now sporting mutton chops and
looked like he was sending in his audition tape
to the BBC for the newest Dr. Who.
Carl Blake made a surprise appearance at
the reunion, taking a break from the property
development and management business he
owns in D.C. Carl is focused on re-developing
apartment buildings in some of the tougher
neighbourhoods in D.C. Carl has some good
stories to tell about the new business, like the
time he got a call from Dick Cheney’s office
inquiring into the possibility of selling the
headquarters of the EPA for conversion into
luxury apartments. Carl prudently declined
since he didn’t want to get involved with that
kind of dangerous crowd.
62 • DARDEN Spring 2007
Mr. Carlos Tejera-Paris (shouldn’t that
kind of name include “the 3rd”?) jetted in
from Venezuela to preach his new found
conversion to the Chavez revolution. While
Carlos has always been a die-hard capitalist
(and officially the best-dressed of the class
of 1992) he figured that if you can’t beat ’em,
join ’em. Carlos is now Minister of Ministries
in Venezuela, responsible for coming up with
new government Ministries—and now insists
on being called by his revolutionary nom-de-
guerre, “Comandante Uno.”
There were plenty more people at the
reunion, and I’m only catching you up with a
few of them. Special thanks to Craig Herron for
leading the reunion committee and Greg and
Tierney Fairchild for hosting the Friday night
class party.
Outside of reunion updates, I did receive
emails from some classmates. Two of them
from the class notes equivalent of name, rank,
and serial number came from Erin Ruane and
Drew Gajan. Erin reports that she and Geoffrey
Hale (JD. MBA ’93) are living in Manhattan
Beach with their three kids, Nash, Tucker and
Annie. Erin and Geoffrey see a lot of Jordan
and Fiona Posell now that they’re in the L.A.
area. Drew—a class notes virgin—sent in news
that he and his wife Christina had their first
child, Andrew Charles Gajan this March, with
Drew a first time dad at the age of 42. Since
Drew was the designated cook in our 2nd year
house with Tom Abert and Steve Reiner we’re
all hoping for Andrew’s sake that Christina has
taken over those responsibilities in the Gajan
household!
So Drew just had a kid 15 years out of
Darden, and meanwhile Willie Zantzinger is
about to send his daughter to college. Yeah,
that’s right the class of ’92 notes are going
to get increasingly depressing as they start
transitioning from baby announcements and
weddings to tales of “we took our son/daughter
on college tours this year.” One thing for sure,
the Berger household endured enough stress
during the Preschool selection process. I’m
pretty confident we won’t survive college angst.
Willie reports that he and his wife Joan
are living in a Pennsylvania suburb called
Chadds Ford, just outside of Wilmington
and Philadelphia. And is still with the same
investment firm called Gardner Lewis Asset
Management that he joined out of school in
1992.
“My daughter Ellie, a toddler at Darden, is
heading off to Vanderbilt in the fall.
Woody, who was born during first year exams,
is finishing his sophomore year of high school.
We should have him out of the house in a
couple of years as well.”
Willie cryptically adds “I think about Queuing
Theory a lot.” I presume because he’s clearly
thinking about how to line up his kids to get
them out of the house as efficiently as possible.
Laura O’Connor Mecagni writes a nice
note about how reading the recent class notes
saved her from working on “the 7th version
of the board paper I’m working on for an
investment in Lebanon.” True, but writing them
is sadly keeping me from hitting 70th level in
World of WarCraft.
Laura is now working in the IFC, the
International Finance Corp., a group within the
World Bank—and I believe a division within
SMERSH in the James Bond series. By the way
Laura, any way to get hooked up with one of
those interest-free development loans? Santa
Monica should count as a struggling third-
world banana republic.
“I have been juggling career, motherhood
and wifedom with relative success: I still have
a job, the children are alive, and last check
I am still married....but as all women (and
enlightened men) know ....it is no cake walk,”
Laura writes. (Hmmm, it’s not a cake walk? And
what’s all this “enlightenment” stuff? I’d ponder
this some more, but I’m too busy catching up
on “24” while Ellen gives Oliver a bath.)
“My children Camilla, 11, and Giacomo, 7,
are wonderful, silly and actually pretty funny....
my job is challenging and rewarding....at the
moment working on private sector investment
in the Middle East, and trying to stay in the
post-conflict rather than in-conflict countries.”
(Wow; that must be a short list.)
Laura finishes her note, “I admit feeling
a pang of jealousy in your description of the
average types in and around Santa Monica.....
here instead we are awash with overly
committed and super responsible types—
working hard and then rushing home to family
etc....so all the East Coast angst of doing good
keeps everyone running!”
“Doing good?” “Super responsible?” I don’t
think I’m getting any of this crazy World Bank
lingo. All I know is I’m stressed from all of this
class notes stuff, it’s 3 p.m. on a Wednesday,
and it’s time for a nap.
’93 Reunion
Rebecca Kilduff
414 Queen Street
Alexandria VA 22314
703-549-3060
rkilduff@madisonkilduff.com
Meredith (Moskow) Bolon
106 Painted Turtle Lane
Chapel Hill NC 27516
919-942-0610
meredith@bolons.com
Here’s one big congratulations for all of the
following…
To Dave Helfgott, who recently accepted
a new position with Datapath as president
and chief operating officer. “Datapath is
an exciting company, a global provider
of communications networks, serving
the government SATCOM/ C4ISR sector
in programs such as Joint Network Node
(JNN), Support Wide Area Network (SWAN)
and Worldwide Satellite Services (WWSS).
Datapath specializes in systems integration,
integrated logistics, and software services
in support of design, implementation and
management of critical SATCOM and wireless
networks.” Visit him at www.datapath.com.
To Jan Unger, who married Joan Cook in
New York in October—in attendance were Mike
Slone (left Goa, is now in the Philippines…I
think) and Sally & Ray George, and me
(Meredith) and Todd.
To Jennifer (Froelich) and Jeff Lewis,
and sibs Abigail and Cooper, welcomed lil’ sis
Aubrey Jordan in February! Congratulations!
To Todd Azadian, who only sent news of
his cross-town move and email update, but
is still running Lower Fairfield County Services
LLC, D.B.A. Mr Handyman of South Fairfield
County (CT). Hey! Any update gets a congrats!
To Balbina Hwang, who writes, “If your
lives are anything like mine, the weeks and
months have passed in a blur, so much so,
that it is almost impossible to believe that
it is already 2007 and that so much has
happened in the last several years. In 2004 I
finally found and bought a dreamy house; in
2005 I accomplished my dream of completing
my Ph.D.; and in 2006, I got my dream job:
I was appointed to a position at the State
Department, as senior special advisor to
Assistant Secretary for Asia Christopher Hill.
He’s in charge of North Korean policy, so I’ll
be assisting him in trying to avert nuclear
Armageddon, among other things. It’s taken
a while to clear all the bureaucratic hurdles of
security clearances (I am now officially not a
spy, nor enemy of the state) and with the new
year, I now have an office at Foggy Bottom,
complete with a view of the Potomac from
my desk. I expect the job to be a tremendous
challenge, but also equally rewarding. I guess
this all goes to show that dreams really do
come true, sometimes in the most round-
about way. Wishing all of you the best in 2007,
and I hope to see you before we ring in 2008!”
To our esteemed co-Class Secretary
Rebecca Kilduff, who put aside her shingle for
now and accepted a position as vice president
of marketing for her former client-turned-
internet-startup, www.ePals.com. ePals is an
online educational community where students,
their pen pals and teachers connect and
collaborate with each other around the world.
To anyone who sends us some news to
share! 2008 is around the corner! We’ll be in
touch with some info to prepare for our big
15-year event in C’Ville. Please update your
contact info on the Darden site so we won’t
miss you, and you won’t miss out. Can’t wait to
see everyone!
’94
Andrew Logan
Well, this was truly the quarter for name-
dropping. I counted something like 84 names
(some duplicates, of course) in our class notes
this quarter, which is quite an improvement
to the few meager responses I had to my
initial request. Shortly following my second
solicitation, Bob Amos called to warn me that,
perhaps, people weren’t responding because
they were afraid of what might “find” its way
into print. I assured Bob that, based on the
interesting content of the responses that I had
received already, I probably wouldn’t even
have room to make things up. I think Bob only
called to make sure that I mentioned that he’s
getting married. No, really, I’m not making
this up. And so is Graham Anthony (now you
really think I’m lying…but it’s all true I tell you,
true!) Read on for more exciting facts about
your classmates!
The shortest actual class notes contribution
that had any substance goes to Tom Smallhorn
for this efficient summary, “Turned 40 a few
weeks back. My wife and I are expecting our
second child in mid April—another girl. Still at
Pepsi.”
Oddest actual class notes contribution (with
very little substance) goes to Matt Hapgood
for this review: “On April 1 I had granola cereal
for breakfast, with raspberries on top. I spent
my spring break in Key Biscayne watching the
SonyEricsson tennis tournament. I think I’ll
enter next year; Federer’s got nothing on my
game.”
Brenda (Gale) Raphael is now
marketing director at Pfizer launching Exubera,
the first non-injected, inhaled insulin for
diabetes patients.
David Raphael (winner of the most
verbose class notes contribution) is working
at his mobile services venture, Phluant and
will be launching a new small business mobile
marketing solution this Spring. In Dave’s
own words, “On a social note, we were in
Washington D.C. recently and had dinner with
Rob Scavello and his lovely wife Kate.
I spoke to Dave Valiaveeden on the
phone a few weeks ago; he sounded well and
apologized for not showing up at graduation,
nor for keeping in touch with anyone for 13
years. Next he claimed to be living in a beach
house on the Jersey Shore and working as VP of
finance at Hovnanian Enterprises. Can anyone
verify this? Sounded like some Soprano witness
protection situation to me. After suggesting
that maybe we would come out for a weekend
over the summer, Dave mumbled something
about his house being small and quickly had to
go. Has anyone else been invited to this house?
Just curious. Since we don’t have any beach
invitations, we are planning a boat trip cruising
the Mediterranean this summer — around
IN MEMORIAL
US Navy Captain G. Lindsay Perkins,
Jr. (MBA ’94) died unexpectedly on
March 20. Lindsay was in charge
of Fleet and Industrial Supply Cen-
ter, Puget Sound. As supply center
commander, he supervised 54 Navy
workers and 399 civilians. Lindsay
also directed the region’s Combined
Federal Campaign in 2005, which
raised $2.1 million for charity. He
was buried at Arlington National
Cemetery outside Washington, D.C.,
and is survived by his wife Natal-
lia, and two sons, Alexander, 4, and
Nicholai, 2. Charitable contributions
can be made for the children’s college
education at USAA Federal Saving
Bank, Acct. # 368-159-42, which will
be converted to a Trust or 529 Sav-
ing Plan. Donations can be mailed to
USAA Federal Saving Bank, 10750
McDermott Freeway, San Antonio,
Texas, 78284. (800 531-2265).
Please be sure to include the account
number and the children’s names.
southern France and northern Italy. The kids are
great, Sarah is 6 and Benjamin is 2. If anyone
wants a picture, email me at draphael@phluant.
com.
We also saw a bunch of classmates at
fellow Dardenites 40th birthday bashes. At
Rob Lubin’s (I don’t remember who exactly
was there, it was all a blur, but was good to see
you guys), I do know that we left with the most
perfect party favor given to all guests, a Nike
logo golf ball with the words, Rob Lubin 40th
birthday party stamped on it. Nice touch Daryl!
This ball found its way into my golf bag and
on the first swing on a beautiful golf course in
Florida, after a majestic 240 yard flight in the air
sliced its way directly into an alligator infested
swamp. I still can see it now, glistening in just
two feet of water, inches out of my reach, under
a slow ripple of waves, the Nike logo and the
letters “b Lubi” staring me in the eye; “b Lubi,” I
pondered, was this message meant for me? Be
Rob Lubin? But then, about five yards upstream,
I saw another ball with the words...”Lubin 4”
glistening under the tide. Was Rob telling me
to give myself a 4 for the hole? Or could it be
there was another friend of Rob Lubin’s that
had recently sliced his birthday ball on the first
tee at the Naples Beach Club Course into the
swamp, five yards further than mine? Who is the
other fellow Darden slicer? All you Sherwood
Frey apprentices, what are the odds of that
happening? Please confess now (and kudos for
www.darden.virginia.edu • 63
Class Notes
outdriving me). Yes, we were all Rob Lubin that
day. Does anyone else have any meaningful
Rob Lubin 40th birthday party golf ball stories
to share? Please, share your tale with us all.
Happy springtime, everyone! Hope to see you
soon.
Dave’s newsletter tip: you can unlock your
car (or trunk) over a cell phone. Hold your cell
phone about a foot from your car door and
have the person at your home press the unlock
button (on a spare set of keys), holding it near
the mobile phone on their end. Your car will
unlock. Distance is no object as long as you
can call someone with the other remote. Please
note: this does not work under water or while
moving.
Doug Fletcher provided the most
interesting reply, with this slightly impersonal
response: “Hi. I will be out of the office the
week of March 12-16. If you need immediate
attention while I’m out of the office, please
contact Doug Hammell, director of operations.
Have a great day!” Apparently Doug has elected
to allow his computer to dictate his class
update. Way to grasp automation, Doug!
Damon DeVito wins the award for the
most ironic news. I took my 6-year-old son
Cooper to the ER Sunday following a sports
related injury....wait for it....at the golf course.
Driver to the head on the follow-thru of a 5-
year-old on the practice range at Old Trail Golf
Club in Crozet, resulting in five stitches. The
2007 golf season has officially started here in
Virginia.
Mia Paterno reports, “I’m finishing up my
first year in yet another master’s program, and
I’ll be doing my administrative residency at
the Wilmer Eye Institute at the Johns Hopkins
Hospital starting in May. Conveniently, this
coincides with my starting to need reading
glasses.” Which makes us wonder what sort of
employee discount Mia can negotiate. Mia also
reported that she “partied likes it’s yo’ birthday”
on Spring Break in forbidden New Orleans.
And moving on to our classmates in the
Nation of Texas, John Trevey has started a
one-man Internet educational campaign:
Texans Educating eX-classmates Against Spam
Solicitations or, coincidentally, TEXASS. What
else would you expect from a man who has
dedicated his professional life to helping those
who cannot help themselves? Now he’s helping
the rest of us to eliminate unwanted spam. Way
to go, John, keep waving the flag.
Giovanna Rahming Charles (happily
married to Andrew Howard-Charles (MBA
‘93) sends in: “I live in Nassau, Bahamas with
Andy and our two boys (ages 4 and 6). I have
recently resigned from a bank job to start a
water bottling company that will sell under the
label “Bahama Clear.” So, if anyone is visiting
Nassau and feeling thirsty I’ll be happy to
bring them some water. First bottle is free! I
can also show them where Anna Nicole Smith
is buried. I had the pleasure of recently seeing
64 • DARDEN Spring 2007
Emily (Landrum) Brown and her family in Los
Angeles. Her husband Bruce is a great guy and
they have two beautiful young daughters. Has
anyone heard from Hung Vu?”
Christy (Brock) Miele, reported in the third
person, “Christy and her husband just bought
a new house in San Juan Capistrano, CA, and
welcome visitors. Her daughter Kate, at 7
months old, is giving Christy employment in
her most rewarding job ever -- mother. Christy
promotes her books, DVDs and training for
how to teach teenagers yoga from her website,
yogaminded.com. For those of you who are
parents to teens, encourage your school PE
teacher to check it out.”
Asha (Walker) Barnes took pity and
wrote the following: “Your mindless rambles
compelled me to answer your weak cries for a
submission. I am alive and well in Toledo, with
three children, ages, 10, 6, and 3. They keep
me busy. I have worked for HCR Manor Care for
12 years and settled into a comfortable life in
Toledo. My husband Mark made partner at his
law firm, Bugbee & Conkle, so we are here for
the long haul. If anyone is in the neighborhood
or driving to Detroit or Chicago, give me a
call. I can’t guarantee an exciting nightlife, we
just have a plethora of restaurants. As far as
Darden encounters, Bernadine Johnson emails
me sometimes and I saw Jo Yvette Lacy in
November when I took a weekend sabbatical
to Sarasota. Both are doing well. I spent time
with Cedric Steele (MBA ’95) and his family
over Christmas in Atlanta. Cedric and I went to
high school together. Unfortunately, I haven’t
been back to Darden since graduation but Mark
keeps pushing to take a trip to Charlottesville
for alumni weekend. It is just hard to find
someone who is sane enough to watch three
kids for a long weekend.
In Kristina (Friberg) Mangelsdorf’s own
words, “I don’t think I have anything worth
reporting unless I neglected to mention that we
had a second child? Eric is now 15 months,
Charlotte 3 1/2, both wonderful. I am still at
Pepsi, running our Diet Colas business and
keeping absurdly busy launching Diet Pepsi
MAX, with ginseng and more caffeine. I work
alongside three of our classmates: Jeff Dubiel
just got promoted to VP of our premium non-
carbonated beverages (SoBe, Ben & Jerry’s, etc.),
Tom Smallhorn is running our juice brands and
Cindy Seideman is out in Chicago working on
a big PepsiCo capabilities project.
John Meiling, his wife Pamela, and
their four children are in their sixth year
living in beautiful Wisconsin. John is still
at GE Healthcare working as the General
Manager for the EKG business. Business travel
takes him frequently to Asia and Europe. He
periodically sees classmate Ellen (Klee) van
Oostenbrugge in the halls at their GE office.
John’s oldest son, James recently turned 16,
hit 6’ 1” and 175 lbs—same size as his dad,
and just a sophomore in high school, took the
ACT, plays classical piano and lead electric
guitar (interesting mix) in his emerging garage
band, and finds opportunities to drive the
Meiling’s third car anywhere he can. How
things change in the 13 years since Darden
graduation.
Cliff Farrah checks in with this exciting
racing news, “Strategery III won the US National
Amateur Championship title for Coursaire 28R
Trimirand Class at Key West this year, appeared
on ESPN but unfortunately no one else from
Darden assisted this year.”
John Wehrenberg tell us, “All is well in
Shanghai. I have been busy establishing a new
operation for our Teleflex medical division to
market and sell directly throughout China,
which has been a great learning experience
after so many years of manufacturing
automotive parts. I am still doing my share
of automotive work throughout the various
countries in Asia, but to have it mixed together
with medical and marine business has been a
great learning experience and, frankly speaking,
a bit of good fun! I am spending a large portion
of my time in India which is exhilarating but
the flight commute is pretty ugly. Ying and I
have been taking advantage of the chance to
combine business and pleasure travel, seeing
a number of new destinations in the far-flung
regions of China as well as the usual great
fun places in Thailand. We keep missing the
Dougherty Family who recently relocated to
Beijing. They were in town here in Shanghai
for Chinese New Year but we were away in
Thailand. And my business trips to Beijing
have been too brief to catch up with Dan and
Tina. We have set a weekend this summer for
golf, though; since both our families will leave
us to sweat it out in the sticky summer so we
figured a guy’s long weekend for golf would
be in order. Kate, 5, and Molly, 4, are fully in
the swing of school, ice skating, and all kinds
of art projects. They are also using all of their
school breaks for travel with us whenever the
chance presents itself. Send a note if you or
others are coming to Shanghai, there are a few
Darden folks, mainly from recent classes, who
get together from time to time but certainly not
often enough.
Geraldo “Jerry” Martinez writes, “I
stepped down as president of Stewart Title
Guaranty de Mexico due to an ethics conflict
with the chairman of the board (way to use that
Darden ethics training, Jerry!) Since October
2006 I have been looking for a job in a very
stringent market — Corporate Mexico. The
Darden Chapter here has been very supportive.
In the meantime, I have been consulting for
STREAMNOVA a company I co-own with Juan
José Ortíz (MBA ’01) and teaching some part-
time MBA courses at a local program down
here. My 20 month-old baby girl is learning
how to pronounce a few words in English and
my wife is doing superbly. I would be glad to
provide my resume if anyone is looking to do

business South of the Border.”
Nearby in Mexico City, Rita Schreyer
has truly been living la vida loco. She flew
all the way to Cincinnati to demonstrate her
investment banking networking skills, Latin
American style, as she and Jennie Logan (MBA
’03) went mano-a-mano over several bottle of
vino. Unfortunately, there was no clear winner.
In addition to enjoying a very generous housing
budget and promoting capricious consumption
all across Mexico City, Rita was also elected
assistant treasurer for her local Mensa chapter!
And to think, they didn’t even give you a
Shermet! Life just isn’t fair, Rita.
Tanya (Kulbitskas) Tolpegin reports in
with the following news flash: “Managed to
lose 30 pounds AND take a promotion as CEO
of the Professional Landcare Network — a not-
for-profit trade association in Northern Virginia.
Almost didn’t get the job because they said I
was too “business oriented.” Interestingly, the
lost 30 pounds and the promotion are both at
the top of my list to maintain.”
“Carol (Bennett) Anderson here, giving
probably one of my first updates in about five
years! I am still with Capital One, coming up
on year nine. I did make a change last year and
relocated from Richmond, where I had been
working for the company and now work in the
corporate headquarters in McLean. My husband
Robert and I live in Arlington, and despite being
in complete shock at the cost of housing in the
DC area, we love it. After about a year here we
finally feel settled in, got the boxes unpacked,
and can even get the car in the garage! I have
been in human resources at Capital One, and
my current role should be of interest to our
classmates. I head up our global executive
compensation and equity department, so
anyone needing some tips on how to negotiate
the best executive comp. package just send me
an email! That about sums it up for my news….
no kids, just my 13-year-old West Highland
terrier, Maggie. Robert and I enjoy traveling
Ralph Baker (MBA ’93) put his stock
into youth basketball and he’s been reaping dividends
ever since.
A founder and the executive director of the New
York Shock Exchange, Baker coaches New York City
kids on the fine art of hitting the hoops, while blend-
ing some practical financial education into the mix.
“It’s an effort to teach basketball and business,” he
says. “We basically try to provide physical and mental
stimulation through athletics. We teach life skills, how
to handle, save and invest money. We teach them how
to make your money work for you.”
Baker founded the youth league in December 2005
as a way of giving back to his community. Today, the
NY Shock Exchange includes 36 children on three
teams from 3 teams—sixth, seventh and eight/ninth
graders. They play other teams in Brooklyn, where
Baker lives, and throughout the east coast. The 35-
game season runs from mid-May through August.
“Anybody can sign up,” Baker says. “We have tryouts for the team where
we’ll go to different recreational leagues. I go around and scout parents. And we
go by word of mouth. It’s been successful. It’s only been around for a little more
than a year, but I think the kids are getting something out of it.”
Parents and corporate sponsors cover the cost, plus Baker and his board plan
fundraisers to help with expenses. Baker works at Earnest & Young for their
Transaction Advisory Service when he’s not coaching b-ball or helping kids un-
derstand the stock market.
“This hasn’t been just me,” he says. “We’ve had involvement from a lot of
people. It’s a family affair. A couple of guys on the board are friends from my
undergrad days at Hampden Sydney College. Jandie Smith Turner (MBA ’93)
designed hats for the players.
“My son’s on the team too,” Baker says. “It’s a way for me to give back to
the community. If you have something to offer you’re doing yourself a disservice
if you do not. You can’t sit on the sidelines and criticize if you’re not involved.”
Players pick their own stocks. The kids generate investment ideas while
learning about p/e ratios and poring over research reports. “We cut the wheat
from the chaff,” Baker says. “We figure out which stocks are overpriced. We
look at the fundamentals.”
The teams hold small stock positions in nominal amounts.
When the kids aren’t picking stocks or popping three-point shots, they might
be picking up on the subtleties of “Shockisms,” which are slang terms suitable
for a basketball court or a boardroom. These include “Big Hat, No Cattle,”
with a meaning that changes to fit the situation:
In Business
“A man who constantly sports a suit with double vents, wing tips, and a
Hermes tie, but (i) has never completed an acquisition and (ii) if pressed, would
be unable to articulate the difference between a good deal and a bad deal.”
On the Court
“A kid sporting Air Jordan sneakers, an AI sleeve, wrist bans, baggy shorts,
and a New York Shock Exchange original team jersey, with no game.”
In The Real World
“A man with a big ten gallon hat, Wrangler jeans, and cowboy boots (with
spurs), but (i) does not own an oil well, (ii) does not live on Southfork, and (iii)
his girl looks nothing like Sue Ellen.”
The idea is to make the business world accessible by relating the world of
sports to the world of finance and investment. Making it fun is just added value.
Visit the program online at newyorkshockexchange.com
www.darden.virginia.edu • 65
Class Notes
when we are not working. We are planning
a trip to Hawaii for our 10-year wedding
anniversary this fall.”
Mark Bivona sent a graphic review of the
movie 300, proving only that he is still alive.
Mark joins the likes of David Richardson, who
offered proof of life with a teaser that he would
update us later on his life…and then left us
hanging. We’re still waiting, guys, but at least
we know you’re out there.
Laura Riccio, co-winner of the shortest
resume award, did some name dropping of her
own: “I am still with PriceWaterhouseCoopers...
the same firm I started with in July 1994
right after Darden. Three years ago, I stopped
working in the litigation and bankruptcy
consulting area (the Enron Anderson debacle
put a crimp in what services firms with audit
services can do) and started working internal
to PwC on strategy and innovation. I’m getting
married in just about three weeks to Mike
Augustin. He’s an agronomist (that’s fancy
for golf course superintendent) and works at
Belle Haven Country Club in Alexandria, VA.
We just moved a whopping two miles away
from Old Town Alexandria to the Rosemont
neighborhood (also in Alexandria) 3 months
ago. Our new home is around the corner from
Richard Elder (still at McKinsey), his wife Pam
and their twin sons as well as Sarah (Wells)
Kocsis (now at Amgen) and her husband Atilla.
The lobbyists still outnumber the MBAs in these
parts, but our critical mass is gaining ground
—at least in our neighborhood.”
Pat Periolat writes, “Yes, there is life
after Darden...only the pay isn’t so good! It is
amazing, though, how much of my Darden
teachings I am using in preparing the UVA
Hospital Auxiliary (we celebrate our 100th
anniversary in 2008!) for the next century.
Those OB, accounting, operations, finance,
negotiation, marketing, (maybe not QA!), ethics
classes come into play more than one would
think when leading a volunteer non-profit
organization. The only thing I could have used
more was a class in cajoling. On the other
hand...keep your day job: they pay. Oh by the
way, we added our 20th grandchild last year.”
Julie (Whang) Koh tells us, “I’m about to head
to LA with my family for spring break, and I’m
getting together with Emily (Landrum) Brown
and Joanna Bressel and their little girls. I’ll also
be visiting my sister, Suzanne Whang, host of
House Hunters on HGTV, and winner of ‘Hot Slut
of the Day’ on www.dlisted.com. You can thank
Mia Paterno for pointing out to me that my
sister was on that website. What Mia was doing
surfing on dlisted.com is another story. Other
than that, I’m still working at Sophia Wireless
part time as CFO. We make kick-ass solid state
power amplifiers and block up converters for
satellite communications. I guarantee no one
will actually know what we do even if you print
it.” (Guess what, Julie…you’re right!)
Dave Nielsen reports, “In my 9th year
66 • DARDEN Spring 2007
at Wachovia Securities—promoted to Chief
Operating Officer of Global Markets and
Investment Banking last year. Love Charlotte
and my 10-minute commute to work! Looking
forward to meeting Joe Zuber, Dave Wise
and Mike Burke for boys’ weekend in Fort
Lauderdale in April. It is Wise’s first surfacing
in a few years! Michael Henshaw and I
attended our annual father-daughter dance
in February—Michael does a mean shag (who
would have thought Elvis could shag?).”
Ian Ratcliffe attended “a couple of Darden
gatherings involving Frank Sands. Carl
Peoples, Hunter Reichert, Graham Anthony,
Trip Davis and Alfonso de los Casares went
skiing together in January Aspen. The skiing
was fantastic especially with masses of snow.
The drive home from Aspen to Denver by car
(because they closed Aspen airport) by Carl,
Graham and I was absolutely terrifying—a sheet
of ice from end to end, never again! Graham
Anthony, Hunter Reichert, Damon DeVito,
Rob Archer and Andy Colyer got together in
Charlottesville on Friday March 2 at my house
and again on Saturday night March 3r with 100-
odd friends and family at Frank Sands’ house in
McLean to celebrate Frank’s 40th birthday. The
Thievery Corporation entertained us at Frank’s
house—they were fantastic, what a weekend to
remember!”
Christian G. Balbontin writes, “I left
Corporate America to launch an adventure
travel company (www.highlandadventures.
com). I am banking on all the rich baby
boomers beginning to retire this year. You really
need to check this out! In terms of upcoming
news, we are moving back to Key Biscayne,
Florida this coming June. Also on the family
front, my son Nicholas just reached No. 54 in
tennis in Georgia for boys 10 and under.
Overall, life is awesome and I am having lots of
fun running my own small business...and yes, I
do have more time to spend with the kids (per
Jorge’s comment on the last issue).”
Chris Howe writes in to tell us, “In case
she is too modest to brag for herself, Elizabeth
(Kirk) Weymouth made Crain’s ‘Top 40 under
40’ list so that is definitely worth a mention.”
F. Lee Crockett writes, “After three years in
California, we returned to Tokyo, where we have
been now for the past two years. Our move
back to Japan was due to my taking a role as
head of marketing at Coleman Japan. So far it
has been quite fun for me and my family since
I get to work hard and play hard, often at the
same time and occasionally with my family
in the great outdoors of Japan, 70 percent of
which is mountainous. My wife Yumi holds
down the fort at home during the week by
trying to keep one step ahead of our three
very active sons, Kentaro, 12, Hiroyuki, 10, and
Maxwell, 3. I try to provide as much relief to her
on the weekends as possible by acting as scout
master and activities director for our family
troop. At the moment, Ken, Hiro and Max are
all taking swimming lessons with Ken and Hiro
taking tennis as well. Lately, we have been
going bowling every weekend and make
quite an impression on the reserved Japanese
bowlers with Max trying his best to throw the
ball as far down the lane as his little body will
allow. Let us know if you will be in Japan!”
Sheryl Brown: “I am enjoying life as an
independent marketing consultant in Stamford,
CT, and love running my own business. My
husband works for the City of New York Law
Department, so at least one of us gets paid
when we go on vacation. I have always hated
accounting (Bob Franzetta can confirm this),
but it is interesting that I find it so captivating
when I am managing my own books. I had
forgotten what a journal entry was for the
last 13 years! I enjoyed a great trip to Vail last
week where Marianne (Kender) Gatten joined
me on the slopes for a day of spring skiing.
Marianne must hold the prize for a job held the
longest since Darden. She is still with a division
of Emerson Electric, the company where she
started work after graduation. She and her
husband Paul have two great kids, ages 4 and
10 months.
Mark Riser sent in his Top 10 events of
Darden Alumni for 2007: 1) Graham Anthony is
eloping to the Dells of Wisconsin to get hitched
and will follow-up with a party this Fall in
November in Charlottesville; 2) Big Bob Amos
is getting hitched in this spring and went back
to work for IP after a stint with Cliff Ferrah’s
consulting firm; this is Bob’s third stint with IP
or a derivation thereof; he’s a product guy …;
3) Mark Dewey is teaching at the University of
Texas; 4) Wilbur Ellis (ELM Capital) merged his
firm — get details from him; 5) Gayle Schreier
is living in Charleston on the beach and doing
quite well it sounds like; 6) Doug Fletch is
still living large in Bozeman when he’s not
spending a month in Aruba or the like learning
to sail; 7) Bryan Simms was seen partying with
The Dave Matthews Band last November in
Charlottesville, or at least he was in the same
building anyway; 8) Mike McConnell is living
large, investing private equity in small public
companies; 9) so is Kent McCammon; and, 10)
I Saw Chris P last November in Richmond and
she’s looking well and prosperous with her firm
Snowbird Capital.
Kathryn (Welsh) Thompson: “I got a new
position within Springs. I now manage the
towel business. We make these in Brazil so
instead of flying to China I go to Brazil. No, it is
not an easier flight. In fact it takes me just as
long to get to where I am going and I have to
fly coach. I know those investment bankers do
not even realize that coach exists but it does.
The Hinshaws and Thompsons went to Las
Vegas in September 2006 and had a great time.
I hear it is a frequent place for Dardenites. You
may want to survey the crowd. I am training for
a sprint triathalon in June (1/2-mile swim, 17-
mile bike, 5K run) to raise money for Leukemia
and Lymphoma Society. I will ask for money....
anybody want to donate?
This from Bob Maus: “After a couple ‘fun’
years at AOL watching the subscription base
go from 21 million plus to below 15 million,
I was recruited to join HP down in Houston,
running business strategy and operations
for one of their software business units. I
joined HP early last year and my family joined
me in The Woodlands, TX, in June. Once my
wife Kristine and I got settled into our new
house with our 3-year-old daughter Sophia,
we made the decision to expand our family
and we are happy to announce that Gabrielle
Elizabeth Maus (Gabi) was born March 7 at
7:50 p.m. in Utah. Kristine, Sophia and Gabi
all had an extended stay in Utah as we waited
for Texas to approve the adoption paperwork.
Fortunately, Bob Franzetta was generous and
offered his ski house to us as a place to hang
out as we awaited the approval process to
move forward (I have no idea why this would
take a couple weeks, but that is another subject
and apparently specific to Texas). Having a
nice place to stay was a huge help and I can’t
say enough how much we appreciated the
kindness. My only mistake—not knowing about
Bob’s ski house sooner and offering Bob lots of
bribes in order to visit for ski tips! Once we got
the ‘ok’ from Texas, we all returned to Texas and
I am now looking forward to my life returning
to normalcy—if one could call having a 3-year-
old and 3-week-old in the house ‘normalcy.’
Needless to say, I am happy to have two
Labradors that I can take for long walks when
I need to... If anyone is considering domestic
adoption, please feel free to reach out to us. It
was a great experience that, while at times had
its anxious moments, was very rewarding.
Cameron Smith: “Still living on the farm
we share with cows, chooks, a dog and any
variety of snakes or goannas my two boys
have managed to get hold off. I own and run a
small specialized management consulting firm
focused on performance improvement, mainly
to the manufacturing & heavy industry sectors.
Looks like we will be headed back to the US in
five years when my oldest son gets to college.
In the mean time I am just working hard to
pay off the school fees! We have been most
fortunate with Emily’s MS not slowing us down
one bit—in fact she has not missed a beat since
we have started a new drug treatment. Many
thanks for your thoughts and well wishes.” And
no, Cameron, we still don’t have any clue what
“chooks” are here in America.
Helen Butler wrote in, “Well, my daughters
have new boyfriends. Second daughter Renee
is a junior at University of Tennessee majoring
in logistics with a minor in marketing. She starts
a six-month internship with Unilever in July
then returns to UT and finishes in December
2008. If anyone works in a company in need
of a smart, talented, young professional with
experience (she was a branch manager for
Cutco last summer), in December of ’08, let me
know. My organization continues to expand
across Southwest Virginia. Brain injury has
been in the news lately (Bob Woodruff) and
so, lots of people are getting more familiar
with how my case managers can help people
with brain injury get integrated back into
their communities. We are expecting a lot
more of these folks in a couple of years when
the Veterans Administration releases brain
injured vets back into their home communities.
Unfortunately, business will be booming. I do
have part ownership of a home in Snowmass,
CO. We are always looking for folks to rent it.
If interested, go to www.alpineproperty.com,
click on rentals, select Snowmass rentals, under
indirect ski access, 4-bedroom home, then click
on Butler. Take the virtual tour. It’s a lot of fun
and we are adding more beds for the ’08 ski
season.
Tamara (Harvey) and Jorge de Dios also
had a quick note of thanks to Topper Power for
his help and support during their trip to Russia
last May to finalize the adoption of their son.
Topper often travels to Moscow for his job and
they had hoped to meet up with him during
their trip. It didn’t work out, but Topper sent his
friend Nina who lives in Moscow to meet us. It
really helped to lower the anxiety level to know
that we had a friend in Moscow should we need
one!
’95
Supriya Desai
Hi, everyone! Things are a little busy at the
moment for me, what with coordinating
relocation (back to New Jersey/NYC) after
finding a new job, so this edition of the notes
will be pretty straightforward. If you’ll forgive
my lack of creativity invested in this set of
notes, I promise that Barbara, as always, won’t
disappoint on the next issue! By the way, we
welcomed 12 new members to the Class of
1995 Yahoo! Group site (http://finance.groups.
yahoo.com/group/dardenclassof1995/) at
the end of 2006, making a total of about 80
member classmates. Log on to post your news
and read messages from your classmates.
Yes, for anyone that actually reads the class
notes rather than doing a quick-scan for their
name (no worries, I do it, too, and I write half of
these!), I am moving once again. After less than
a year of living in C’ville and working at Darden,
I resigned my position and am returning to
management consulting as an internal strategic
change advisor at PwC in NYC. Don’t ask…I’m
just looking forward to moving on!
Kerry Kirk sent an update from northern
VA: “I recently ran into Richard MacLean, one
of my study group mates, in the Charlotte
airport, where we were apparently on the same
flight to Washington, DC, (me coming home
from business in Florida and he to do business
in DC). We had a short while to get caught up:
Richard runs his own private equity business
named Frontier Capital. I’m still with the asset
management-consulting firm Cambridge
Associates (12 years this June) in their Arlington
Office. Speaking of which, we hired Darden
classmate, Joe Marenda, last year to do hedge
fund work for us in our Menlo Park, CA, office.
I think we now have about seven Dardenites
at Cambridge. My wife, Judy, whom many of
you met during Darden, is doing fine, as are
our 8 year-old twin daughters. The only real
heartburn these days is the increasingly awful
traffic in and around DC. If you’re in the area
and want to hoist a cocktail or beer somewhere,
drop me a line!” Kerry signed off on his note,
“Here’s to Section B.... “ and then actually ended
his note with a post script wondering, “where’s
Steve Brase?” Steve, if you’re out there, get in
touch with Kerry!! Your class secretaries would
love to hear from you, too!
Not coincidentally, Richard MacLean then
reported on the news from his and Hillary’s
front in Charlotte, NC: “It was great to run into
Kerry in the airport this month. He has not
changed one bit in 10+ years! I started Frontier
Capital in 1999 and we are wrapping up raising
our latest partnership, a $100M growth equity
fund. It has been a lot of fun and a lot of hard
work but we have built a great team at Frontier,
recently adding a new Darden MBA. Charlotte
has been good to us. Hillary and I have two
great kids, Emma, 8, and Mac, 5. I live a few
doors down from the Faisons which is great
because they have an out-of-control home
theater (you know he is in the business). This
connection comes in handy for major sporting
events like the Super Bowl or March Madness!
Olga and Jay now have three kids, two girls and
their most recent addition a boy (Henry). All is
well in the Queen City.....”
From not-so-distant Atlanta, Chris Baradel
shared the latest and greatest, and we always
appreciate that he stays in touch: “Hello
everyone—hope this note finds you doing well.
We’re enjoying the 65-degree weather here and
sympathizing with everyone up North fighting
through the sleet and snow. My recent news is
that I left McKinsey in October, after 3 terrific
years there; the travel was starting to wear on
me and I was missing my wife and baby girl too
much. I joined Georgia-Pacific in their strategy
and business development group. GP (which
makes paper-related products such as Brawny
paper towels, Quilted Northern Bathroom
Tissue, Dixie cups/plates, and the touch-less
paper towel dispensers in public restrooms)
was taken over by Koch Industries (the largest
private company in the US) about nine months
before I joined GP, so I’m getting to help change
the culture and grow our business. The work
and the people have been great so far, and the
lifestyle is even better. I get home in time to see
Ava before she goes to bed, to have dinner with
my wife, and even to squeeze in a little exercise
(I’m trying to get back into shape by running
www.darden.virginia.edu • 67
Class Notes
the Atlanta marathon at the end of March).
[Chris, you should get in touch with Erica Coles
Jacobsen, another fellow Darden-grad-turned-
marathoner!] I’ve used the extra time at home
to train Ava so that if she needs something
(food, diaper change, etc.) she says “MaMaMa,”
and if she wants to play and have fun she says
“DaDaDa.” Life is good! If you ever find yourself
in Atlanta, drop me a line and we can catch up.”
Recently, Tim Heaps, also in Northern
Virginia, was kind enough to help out with
the summer internship search for a Class of
2008 Darden MBA. By way of making that
student-alum connection, we received this
updated from Tim: “Work (at PRTM) is great
and family is great. Annemarie and I are both
really busy. Jack is 9 years old (3rd grade, soccer,
hockey, lacrosse), Fiona is 6 (kindergarten,
gymnastics), and Phoebe is 3 (pre-K 2 days a
week, gymnastics…sort of, Mommy’s helper
whether she wants it or not).” Obviously, they
have been busy! Thanks for the update, Tim!
Oh, and he sent a quick note about his brother,
also a Darden alum: “My brother is living and
working in downtown DC at the Department of
Justice. He’s having a great time [Tim wrote this
LONG before the attorney-firing scandal!]. I see
him all the time.”
It was great to hear from Steven Soranno
in late 2006 after such a long time: “My wife
Anna and I are expecting our second child on
Christmas day. We have a 2-year old daughter,
who is expecting a younger brother to arrive
[nice Christmas gift, huh?!]. Strange Darden
story: I flew from New York to San Francisco for
a technology conference a few months ago.
As I wandered the streets looking for my hotel,
who walks by but Jeff Turnbaugh! I don’t know
how he recognized me, but it was a good thing
he did because I was spacing in wander mode!
Well, that’s about it from here. Hope all is well.
Cheers!”
Erica Coles Jacobsen sent a great
update on her marathon adventures: “After
a year of trying and running four (yes, four)
marathons, I finally qualified for the 2007 BAA
(Boston) Marathon! Also, in the process and
unintentionally, I qualified for the 2007 NYC
Marathon, too. So, if you’re in Boston on April
16th - come out and cheer me and 20,000
others on! (Jury is out on whether or not I’ll run
NYC, too.) Happy New Year!” Erica, we’re sorry
this update won’t come out until after you’ve
finished the Boston marathon, but we’re looking
forward to hearing the results! Good luck!
Mitch and Emily Wander have wasted
no time since Mitch’s return from Iraq several
months ago. Having landed in Valencia, Spain,
they recently created a new online business
called MyTroops.com where individual
troops—active/reserve, all specialties, deployed
or stateside, and enlisted or officer—can
register for free to earn rewards that can be
used at participating online retailers. Here’s
the low-down from the Wanders: “Troops earn
68 • DARDEN Spring 2007
rewards when family, friends, and supporters
shop online for themselves. Troops can use the
rewards to buy gear for themselves, flowers
for a spouse, or toys for the kids. Why did we
create it? Our troops make sacrifices every day.
Whether it’s serving in Iraq or Afghanistan, on
a military base or post in the United States, or
spending time away from families in a reserve
unit, all service men and women deserve to
be recognized for their efforts. Now, folks who
want to give something back can do so by
doing their everyday online shopping through
the MyTroops site and earn rewards for the
individual troops.” All a supporter has to do
is visit the website, select a troop to support
(you don’t even need to register), select a
retailer, make a purchase and, ideally, repeat!
If you know someone in the military, they can
register by visiting the website, then let family
and friends know to visit the site for their
shopping needs. For any questions or glitches
(the site was in beta version when they sent the
message), email Emily@MyTroops.com.
It was also nice to hear from Pablo Garcia
Barnetche in Argentina: “Hello my fellow
Dardenites. Just wanted to let you know that
we are doing great. I just returned from a very
exciting vacation at Tierra del Fuego (that’s
quite literally the end of the world) with the
family...No new kids to report [seems like
there were new kids to report for several years
in a row there!]. Felipe is now 12 years old,
Gaspar is 10, and little Fernan is 3. Gaby and
I are very busy trying to manage the kids (I
should probably write a case on negotiation
techniques given the constant quarrels among
the kids). We have pictures posted on http://
garciabarnetche.spaces.live.com/photos/.
Business is good. I’m still at Agrositio.com (yes,
there are still some ‘dot-coms’ in business).
Earlier this year, I attended a reception with
Dean Bruner here in Buenos Aires. I was very
surprised with the number of prospective
students that attended. It’s good to see that the
Darden brand is growing here. Let me know if
you have any travel plans to Argentina...Keep
in touch.”
You might remember that in the last issue
of the class notes, we finally were able to include
an update from Elizabeth O’Halloran. Soon
after she sent me the update, I learned she was
also expecting. Since that was months ago,
we’re happy to report today that Margaret Blake
O’Halloran was born Jan. 3 at 11:58 p.m. Little
Meg weighed in at 7 pounds, 4 ozs., and both
Elizabeth and father Kevin were doing great!
Congrats, Elizabeth, and welcome to Meg!
Margaret (Lowance) Rorick lives in
Cambridge, MA, with her husband Mike and
her 2-year-old son, Jack. She wrote in: “I am in
my fifth year working in marketing at Fidelity
Investments and really like the company. I am
working in the stock plan services business,
building the executive services offering.” In the
latest from Beantown, Margaret reported that
Martha Piper recently moved to Boston “so I
have seen her a lot and am glad she is in town.
I see Josh Brand sometimes, though not as
much now that he has moved to Lexington.”
She ended her update by commenting that she
was enjoying winter since the snow had arrived.
She managed to leave out, however, that she
likes to dress up as Jackie O…
John Ebner, on the other hand, made sure
to mention that tidbit to us when he sent in the
following update: “Last June, from the grounds
of a Georgetown home with sweeping views
of the Potomac, Martha Piper hosted a 1966-
themed costume party with many Dardenites
in attendance: Josh Brand and his wife Cheryl
as a Yale-aged George W. Bush and girlfriend;
the entire cast of Gilligan’s Island—John
Ebner as Gilligan, Kassie and Chris Repetto
as Ginger and the Skipper, Alessandra and
Clayton Rose and Mr. and Mrs. Thurston J.
Howell, III, and Susan and Mark Cox as Mary
Ann and The Professor; Maura Mahoney and
Keith White as Harper Lee and Truman Capote
straight from the black and white ball; Bill and
Katita Strathmann as extremely convincing
Sonny and Cher; Maryann Ford as Mama Cass
complete with half-eaten ham sandwich (an
urban legend); Margaret Lowance Rorick as
Jackie O.; Emma and Wallace Blankenbaker
in true vintage garb and Pam Silberman as a
Baltimore Oriole. Finally, Dan Love flew in from
a great distance and convincingly played the
role of a Canadian. Great fun was had by all
with drinks, music and candy all straight from
the 60s. The highlight of the party had to be
Martha’s dad dressed as Billy Jean King.” Sounds
like fun!
And, apparently the Howells’ marriage
was still going strong even after a long
shipwreck, because Alessandra and Clayton
Rose announced the birth of their fourth child.
Alessandra wrote to her Darden classmates:
“Mary Berit Rose (we are calling her Berit)
was born on Feb. 20, weighing 7 lbs. and 10
ozs. She is adorable (of course, we are a little
biased!) and we are delighted to have her. Her
big brothers, Harry, 9, and Charlie, 7, couldn’t
be more pleased and we feel certain that she
is being specially watched over from above by
her big sister, Maggie.” Congratulations to the
Rose family.
Barbara also reminds us that Conan
Owen and his wife Suzanne relocated to
Charlottesville at the end of 2005. “They have
expanded their virtual spa empire to include
a bricks & mortar location called Neroli Spa &
Apothecary in the North Wing of the Barracks
Road shopping center.” You can check out their
wares at www.neroli-spa.com. Supriya recently
tried them out and gives them a definite
thumbs-up! Barbara also couldn’t help but
note that “Conan’s handicap has not moved
despite being just 15 minutes from the first tee
at Birdwood and Farmington!” That’s all folks…
have a great summer and keep in touch!
’96 organizational behavior class could have
prepared her for handling the chaos and
As we do for each class notes, we attempt
to knock off another person or “Missing Link”—
Susan Lipetz Brown willfulness of the little people she manages. our classmates who are operating under the
Matt Tice and Erik Frederick met up for radar. Tim Abbott has been hanging around as
Hello all. My second edition of the notes
holiday in Tahiti with their families this winter. our latest target and still has not raised his head
(after taking on the task from Julie Murray)
Matt continues to live the dream running above water. Does anyone know where he is or
has come at a time where I have to admit I’ve
the Sydney office of the Balanced Scorecard what he is doing? The “Sasquatch” ranks, those
been distracted—so the first bit of news will
Collaborative. Erik just completed year six at rare breeds still at the same firm they started
be that we (my husband Steve and I) just had
Staples. He tells us that they recently promoted with out of Darden, have thinned even further
our first baby, Stephen James Brown III, born
him to aisle four, binders, adhesives, and staples and as far as I can tell represent less than 10
April 27 at 6 lbs, 7 oz. As I write these notes,
(their flagship product). Erik should be covering people. Is evolution possible for this gang of 10
I’m on Day 10 of his new life, and it has been
the register in no time! or will they always tread this path? Only time
a bit hectic. So this edition will be a bit short,
I took one last trip as part of my time off will tell.
but we’ll be back to full strength next time
from work, and in January, took a 25-day trip Tanja Aalto attended the reunion and is
around.
to Buenos Aires, then south/east from Ushuaia, one of the last Sasquatches although her firm
Other baby news continues, with Julie and
Argentina to the Falkland Islands, South has been purchased and renamed three times.
Phil Murray having another child, Fritz Murray,
Georgia and then Antarctica. I saw gorgeous Hang in there Tanja.
this past November. Fritz joins his siblings
scenery, hiked part of the historic trek of Ernest David Altman was also able to attend the
Joseph and Susannah in what must now be a
Shackleton, saw many icebergs, penguins, seals reunion, and reports that he now has his pilot’s
very busy household.
and even a few whales! license along with a home right at an airport for
And Kent Goeking sent news of his
Mary Jo Lampe started a new job in easy access.
overseas life. Long ago, he had told us of his
February with Olive Group North America as Ylva Magnusson Bengtsson was also
transfer to Singapore in 1999 with Deloitte
their vice-president of strategic marketing able to attend and reports two children and a
Consulting—and there he has remained for
and communications, “which required me to pending move to Moscow with her husband.
the past seven years. He has recently changed
relocate to the DC area,” she writes. “I’m excited On a side note, during the first day of the
hats by moving to Accenture in Singapore, as
to be back in the DC area and catch up with a reunion, Ylva received an emergency call from
the SE Asia Supply Chain leader. His personal
bunch of alumni. A couple of occasions have her nanny that their family boat was sinking at
life has seen change as well: in the past year he
already allowed me to catch up with others the dock—while the nanny attempted to bail it
was remarried to (a direct quote!) “a wonderful
in the class, including a great event hosted by out. We later found out that the boat survived.
Thai beauty named Mena.” He met Mena on
Jessica and Jan Malasek at the end of April. Mark Bonny reports from Houston
the idyllic island of Koh Samui “I had a baby
Present were Mike & Lisa Barnett, Neeraj & where he was recently promoted to director
boy born on Feb 12 named Kris who is doing
Wendy Bhagat, Lance (MBA ’95) and Luanne of financial reporting & analysis for Sequent
great,” Kent writes. He plans to stay in Asia; a
Lutschwager, Ajay (MBA ’95)and Seema Energy Management. Sequent is a Houston-
good opportunity given the economic growth
Laheri, Brad (MBA ’95) and Nicole (MBA ’97) based division of AGL Resources that deals
there. He hopes to transition to working in
Macomber, Art & Nene Spivey (MBA ’95), Mayur with natural gas asset management and
Thailand in the next couple years, but until then
Maniar and his wife, Tim Heaps (MBA ’95), Joe optimization. He travels frequently to Atlanta,
he continues to amuse himself racing his yacht
Heaps, Steven McLeaf and me.” AGL’s headquarters, but loves Houston, where
Solarmax in the local waters.
his wife and two children have made a home
On the business front, Mike Bucci
for eight years.
has been moving into entrepreneurship.
He continues to consult for Capital One in ’97 Mark Bridgers and family met up with
Joanna Bradford (a Sasquatch) and family
Richmond, Virginia, and has also spent some Mark Bridgers at Walt Disney World in February and spent
independent time developing and designing
Ten years come and gone! How could it have the day searching for every Disney character.
a product called The Painter’s Pyramid. He
happened so fast? For those of you who Joanna brought all three of her children by
has the manufacturing established in China,
missed the 10-year reunion, it was a class herself and did not lose any of them; those of
and is working on marketing and distribution.
act and a great time was had by all. Fifteen you who have attended Walt Disney World will
The company is called K&M (after his children
years seems far away but will be here in no understand the magnitude of this feat!
Kaitlin and Matthew). Check out his website,
time. As a special note, don’t forget to thank Joanna attended the reunion with Rachel
painterspyramid.com.
those individuals that served on the reunion Burrows who now has a 22-month-old child.
Maintaining Darden connections, Kent
committee to make the event so special. Rachel also retains her Sasquatch status with
Carstater took Dean Bruner, Everette Fortner
They included: Jack Benson, Mark Bridgers, a continued career at Coke. Both Rachel and
and Edward Yu to lunch at Bar Americain in
Nadine Burnett, Karen Castellon, Dave Joanna enjoyed a good laugh on the first night
New York City in early May, looking to further
Cooper, Dargan Coggeshall, Rob Coury, of the reunion after Mark Bridgers spilled an
his company Keefe Bruyette and Woods’
Lourenco Norton De Matos, Susie/Andy entire glass of red wine on her white shirt.
relationship with Darden.
Green, Deirdre McCaffrey, Gee McVey, Billy Kuan Chin reports from Singapore and
CC Howell is due with her first child, a baby
Newson, Kari Pitkin, Kevin Schuyler, Susan sent regrets regarding the reunion. She has
boy, in August.
Shank, Uday Singh, Henry Topping, and Cliff started her own company designing and
Molly (Baldwin) Hughes had her fourth child,
Yonce. making one-of-a-kind, high-quality handbags
Henry, in June 2006. From the basement of
On a sad note, many of you are already for ladies. These are not just any old handbags,
the incredibly loud Hughes house, she and
aware of the death of Dr. Michael Rukstad. He they are made from recycled, environmentally-
her husband Jerry have launched an online
was an advisor to Section B and our faculty friendly materials imported from Japan.
community news website in their Chicago
leader at graduation. At age 51, attacked and The brand name, “Kirei” means “beautiful” in
suburb, Hinsdaletalks.com; Molly somehow
overcome by cancer, he died in May 2006. Those Japanese. The business is growing rapidly with
squeezes in this work between diaper changes
of you who are interested can download an several boutiques carrying our products as
and loads of laundry. She realizes that no
obituary at the Harvard Business School website. well as through the www.phoenixdreams.com

www.darden.virginia.edu • 69
Class Notes
website. The company’s values include being
socially and environmentally conscious, and to
that end, they employ indigenous people who
are upholding their weaving traditions, as well
as senior citizens who serve as seamstresses.
Great work and keep up the tradition—
everyone should visit the site and consider a
small purchase!
Dargan Coggeshall reports a second
child, those of you at the reunion met the entire
Coggeshall brood—interestingly enough, this
last addition was born on Halloween 2006.
Always involved, Dargan and Henry Topping
led the planning for the reunion. One special
note of thanks to Dargan for helping to
coordinate the cocktail party the first night of
the reunion at the Charlottesville Downtown
Mall. This was a great site and enjoyed by all
ages.
Rob Coury was able to attend the reunion
and reports to be a partial Sasquatch as he still
retains a financial and ownership interest in the
firm he started with out of Darden. He also lives
in beautiful Portland, OR.
Jennifer Creel attended the reunion with
both her 2-year-old daughter and a 2-month-
old.
Also in attendance at the reunion was Eric
Dzwonczyk who squeezed in a round of golf at
Birdwood. He lives in the Philly area and works
at Campbell Soup Co.
Rod Gibson attended the reunion from
the UK and reports a recent marriage and
one son. His wife is from Ireland and naturally
birthed their 11-pound son. She must be quite
a woman, as Rod attested to.
Virginia Hewitt Gilbert missed the
reunion due to a family conflict but still
reported in with notes. She now lives is Chapel
Hill, NC (just down the road from Mark Bridgers
and very close to Susie and Andy Green),
from Louisville, KY, and before that from San
Francisco. In Louisville, she was working for
an advertising agency as a VP of account
management for advertising for Mikasa & Yum!
brands. Currently running the family, she and
her husband have two little girls, Ella & Eva,
ages 3 and 1. Both are loving North Carolina.
Torrance Houlihan and his wife Christine
attended the reunion with family in tow.
Christine is a researching physician work at the
UVA hospital that helps keep them both in and
around Charlottesville a lot.
Ron Green added to his family last year,
which I believe went unreported. Their adopted
son, Ronald William Green was a fantastic
addition. As if parenthood was not enough, he
has also left Northrop Grumman and started
with a small defense contractor, Gryphon
Technologies.
Emily Wise Hansson attended the reunion
and reports great gobs of information to catch
up since 2003: “Where do I begin? Change in
job, change in husband, change in extended
family, how much change can one person
take?” After leaving Accenture, she first worked
70 • DARDEN Spring 2007
at a Swedish think tank in Malmö and ultimately
left in 2005 as the firm was crumbling. Deciding
that enough was enough, she started her
own company providing analytical and policy
advisory services to government agencies and
ministries. Primarily focused on the Baltic Sea
Region, the business has proven a success. All
the fun encouraged her to begin working on
a PhD. which she continues to pursue while
trying to maintain a business and family. She
reports that Ylva Magnusson Bengtsson
and Joakim Karlsson and her see each other
frequently and that Joakim’s wife and Ylva have
started a small business together. Thanks for
the notes Emily and keep them coming.
Josh Harrison missed the reunion due to
a family commitment but reports continued
entrepreneurial success. He is now in his second
year of a 40 percent ownership stake in five
Burger Kings in Salt Lake City. He reports the
day-to-day needs are exciting in a way that
corporate life just can’t match. Accounting
101, finance 101, HR 101, are all the basic
requirements, and to let off steam, he will
participate in his 14th marathon in Boston in
April. Rob Hays reports he could not attend
the reunion in part due to a new role at work
requiring that he be in New York City. We miss
him and hope to see him at the next reunion.
Gibboney Huske, unable to attend the
reunion, reports frequent travel and the honor
of having her home selected as an open house
during Garden Week. She still lives in Annapolis,
MD, and works for Legg Mason Capital
Management as a technology sector analyst.
She reports frequent attendance at UVA
football, basketball, and lacrosse games.
Amy Joseph was unable to attend the
reunion but says hello. Living in Vienna, VA, she
inventories the following: “one husband who
spends a lot of time on the road, four kids (8, 6
and 5 year-old boys and a 2-year-old girl), three
lizards (one bearded dragon and two geckos
that are filling the tank that the bearded dragon
grew out of), one fish (won at the local fair, not
expected to last the weekend, and still with
us two years later) and one very noisy African
Grey parrot that “wintered” with us when the
grandparents went to Florida and somehow
never left.” The work-life balance as a traveling
consultant was not balanced, and she shuttles
the crew above to various social engagements
and sports events and tries to fill the paid work
void by over-volunteering at the kids’ school.
Some recent disruption in the family is due to
the fact that their wonderful part-time nanny
has finally finished her bachelor’s degree after
six years and just made the decision to move
back to France. She lives a couple of blocks
from Sarah (Bernard) Helmicki and they
periodically discuss what business endeavor
they will undertake once their children are
all in school. “It may never happen, but the
discussions help keep us sane!” she reports.
Nate Kredich and wife Sherri attended
from all the way across the country in San
Diego without children. It was a great break
and they enjoyed the time off.
Tom Lacy, finally self-reporting, versus
everyone else sending in details of what he is
doing, described great fun. He is a managing
director at middle market investment bank
Robert W. Baird & Co. Based primarily in
Milwaukee, he spent a year in London,
England. He and Steven Saunders worked
together on a complex Morris Trust merger
transaction (which won Middle Market Deal of
the Year in 2005). He also worked with Kevin
Kaeppler (MBA ’98) in a recent M&A transaction.
Jim Brady, like a bad coin, keeps turning
up as well in his new LBO role with
Relativity Partners. In a string of (perhaps?)
coincidences, Derrick Williams joined Baird
last year, Reaves Wimbish is married to a Baird
senior banker in Chicago, and John Lanza (MBA
’98) is part of the Baird Milwaukee team. Tom
and wife Jane report seven years of marriage
that have produced a 2-year-old daughter,
Catherine. As reported in our last notes, Tom
attended Jose Maria Cazal-Ribeiro’s birthday
bash in Lisbon and reports that “What happens
in Portugal, stays in Portugal.”
Myra Lee with Bernie in tow attended the
reunion. They now have two children. Bernie
and Gee McVey win the award in my opinion for
least changed. Both look like they just walked
out of the chili cookoff before we were banned
from running it on grounds!
A.T. Masterson and husband Eric report that
they still live in Decatur, GA (a small town inside
the perimeter of Atlanta). with children Sarah, 4,
and Matthew, 18 months. She is still working for
Unique World Wines selling wine to retail and
restaurant accounts. She switched careers “after
moving back to Atlanta from California and
having my first child, with great interest and
passion for fine wine vs. banking/consulting.”
We should all be so lucky!
Deirdre McCaffery served on the reunion
committee and reports in from Baltimore,
where she works for Constellation Energy.
Brian McCracken reports that he could
not attend the reunion but sent his best wishes.
His wife Laura had their first child, a daughter,
Alana Vivian McCracken, on Dec. 14, and
everyone is doing well adapting to the change.
Steve Mendelsohn was unable to attend the
reunion due to family obligations. He is now
living in Barcelona with a new house and his
wife Marta is running the show.
Chris Murphy, still Information Week
executive editor, attended the reunion and
looked as good as ever. He reports no great
excitement other than the prospects of getting
back to Charlottesville and seeing everyone
again.
Dan Newhall, sporting four children and
a wife along with a fantastic home along the
Main Line outside of Philly, reports all is well.
Attending the reunion, he had a great time
seeing everyone and even convinced Mark
Bridgers he may attend the 10th Annual Crab
Fest to defend his 4-year-old record in ice cream
churning. For those of you who are interested,
he churned by hand two gallons in 14 minutes!
KIP Pagach and wife Dana meet
periodically with Georgina (Peter) Price,
husband Jeff, and son Jake.
David Pimpo reports in and also offered
photos of the Navy ship on which he serves,
the USS Ronald Reagan. He reports interest
in potentially moving to North Carolina
and I say come on down! His wife of seven
years, Margaret Ann, runs a dental practice
in Coronado, CA, where they just hired a new
dentist in the office to free up some of her
time. The home they live in was honored by
the local historical society and survived a
lengthy remodel/renovation that now makes
it the pride of the neighborhood. David is still
acting as a supply officer for the Navy and was
able to participate in the maiden overseas
deployment of the USS Ronald Reagan in
2006. Last year was also his 20-year Naval
Academy Reunion and 2007 will be his 25-year
high school reunion. The Navy has selected
David for a Wharton Executive Program after
his recent promotion to Captain. He will likely
be deployed to the U.S. Northern Command
in Colorado Springs later this year which is
again an honor and a typical stepping stone to
further promotion within the Navy.
Living in London and managing director of
Yahoo! Search Europe, Jeff Revoy and wife
Brandie added their first child, Jack Luca Ambler
Revoy to their family. Great name for a great
addition. Jeff also reports that Jeff Glavan,
working/living both Europe and Asia for
Lehman has much news to report—if so, send
it on Jeff.
Leveraging his operational and
management experience, Ben Pivar now has
over 80 consulting staff reporting to him at Cap
Gemini in Atlanta.
Attending the reunion from the greatest
distance was Tetsuo Shinobu with his wife
Kyoko and daughter. The entire family had
a great time and looks forward to the next
reunion.
Henley Sims reports she could not attend
the reunion due to family commitments. With
two children and a husband, she still finds time
to study and train for a certification in EEG
biofeedback, which for those of you who don’t
know, is a brainwave training process used
to assess brain injury, post-traumatic stress
disorder, epilepsy, etc. Because this training
requires practical experience, her 2-year-old
has experienced several bouts of testing as a
guinea pig. Stacia Smith reports that she and
husband Carl welcomed a son, Drew Emory
Lingenfelter, to the family back on Jan. 16, 2006.
His older brother Knox, a fellow redhead, is
now approaching 5 and the whole family is like
a southern fish out of water in cold Chicago.
On the interesting side, Stacia and husband
purchased a huge old 1883 Victorian home last
winter and are still working, working, working,
at restoring it.
Susan O’Neal Gear, who attended the
reunion, reports from Tampa, FL, with family
addition news. She and husband Kevin
welcomed a daughter, Madeleine Cady Gear, on
June 8, 2006 making two daughters.
Julie Steckel also experienced an
unexpected meeting with a glass of wine to
her shirt during the first night of the reunion.
Ironically Mark Bridgers was the culprit again
with this glass of wine.
Bill Stilley still lives in Charlottesville and
traveled the shortest distance to attend. He is
still working with the bio-tech firm and loves
his work.
Mark Timperman and wife just had a
new baby and Mark received parole to attend
the reunion for one day, which he thoroughly
enjoyed.
Tracy Whelan was unable to attend, and
reports that her 2-year-old son, Parker is all boy.
Her family also has a golden retriever (originally
brought into the family while at Darden).
Husband Kevin is responsible for bringing
home the bacon, and they have a great home
that they plan to grow with and renovate over
the next couple of years.
Jay White was unable to attend the
reunion but we received a report that he has
three kids and is still working at Prudential in
Atlanta.
Cliff Yonce is now working for Siguler Guff
& Company in New York City. I am not sure
what they do but am confident Cliff was a great
addition.
Tracey Lake informs us that “I am settled in
Seattle and am doing real estate development,
specifically condo conversions. I continue to
study Spanish since completing my Peace
Corps tour in Honduras. I recently returned
from a vacation to Vietnam and Cambodia.”
P.S. For those of you on the east coast or
with travel lust, I will be hosting the 10th Annual
Crab Fest on Aug. 11 this year at my home in
Raleigh. Each year someone startles me that
attends. Who will it be this year?!
Keep the good news coming and we appreciate
all your efforts to keep us and your classmates
informed.
’98 Reunion
Bill Young
byoung@beaufortadvisors.com
As I write these notes and flash back 10 years,
I would have been recovering from attending
the Spring Foxfield races and just beginning
to think about the upcoming final exams to
complete the long march through our First
Year. And you know what that means! It’s
almost time for our 10-year reunion so mark
your calendars for April ’08 and drop me a
note telling me how much you’d love to help
prepare for the big occasion. I just heard from
a class of ’97 alum raving about what a great
time they had in April at their 10TH. On to the
news . . .
Cheryl Wilson is still with P&G and has
made the move to Los Angeles from Cincinnati.
She is a franchise owner for Graham Webb
International - a P&G hair care company with
three brands - Back to Basics, Graham Webb
Classic and Halo. She is new to the area so you
locals need to roll out the welcome mat.
Jeff Lyons checked in from Charlotte and is
in the midst of all sorts of excitement that
we hope to report on next time when things
are a bit more concrete. His son, Scott, is in
kindergarten and has avoided the emergency
room despite a newfound interest in
skateboarding. Claire is three and prepping for
a big dance recital in June.
Silas Byrne is setting down roots in the Big
Apple where he now has a newborn daughter
Rose (born in November) to join Margaret,
3. Silas works for Vesta Capital Partners, an
investment management firm and is juggling
a job and children while his wife is getting
through graduate school for her master’s
degree in social work.
On the overseas front, Alicia English
emailed from Weiden, Germany in Northern
Bavaria. Her husband Lee is back from Iraq after
a 12-month deployment and they are busy with
4-year-old Nash and 2-year-old Zibby. Alicia is
busy volunteering as a family readiness group
advisor to support Army families.
Becky (Wood) Albright chimed in from
Cardiff, Wales where she is chasing Ewan, 5,
and Grace, 3. It is a little-known fact that I spent
the first several years of my life in Wales and
based on what I’ve been told I sounded like,
I’m guessing Ewan and Grace have some pretty
cool accents.
Chris Hiland is out of the running for
longest tenured employee, as he has changed
jobs and is now CFO for a division of Ipsos,
a market research firm out of Chicago. From
personal experience, if you ever need a
restaurant recommendation in the windy city,
Chris is your guy.
Caroline (Worrall) Munger has switched
careers as well, and is starting anew as an
investment advisor and consultant. Her recent
claim to fame is that her two kids were props in
a YouTube video produced by her neighbor.
Last but certainly not least, Betsy
Flanagan has started Startup Studio featuring
weekly podcasts with entrepreneurs. She
already received accolades from lots of cool
people in the blogoshpere. For those that aren’t
but so techno-savvy, we just like any excuse
to use blogosphere in a sentence. Darden will
be distributing her podcasts at http://www.
darden.edu/podcasts/EntSeries.asp so be sure
to check it out.
I am now six months into my new gig at
Beaufort Advisors where we help life sciences
companies through the regulatory process of
FDA. A three year old company with a startup
atmosphere, it’s been a lot of fun and obviously
www.darden.virginia.edu • 71
Class Notes
a big change from making sandwiches. I
have finally come to grips that after all the
mean things I said in business school, I am
working for a consulting firm—albeit I’m the
business guy and not an actual consultant. On
the home front, I have officially transitioned
into having kids rather than babies as I am
the assistant coach of the Tough Turtles, my
4-year-old daughter Liza’s soccer team and
diehard spectator for 6-year-old Davis’ soccer
and lacrosse teams. Word to the wise, don’t let
your friends convince you that two sports in
one season is a good idea. After a family trip
to Disney World and an upcoming anniversary
trip to Greece, Sabra and I are looking forward
to the summer and once again will roll out
the welcome mat to anyone that would like to
come down to the beach.
Until next time, keep the news coming and
don’t forget to mark those calendars for April
’08.
’99
Robert Loria
“I just flew in from California. And boy, are
my arms tired!” I love that joke! Chris Briggs,
check all the past columns to see if I’ve used
that one before and let me know.
Actually, I did recently return from
California. I was out there for the wedding of
Seth Webber and the former Jill Boltz. It was a
fun-filled weekend. The wedding took place at
a lovely sea-side resort in Pacific Palisades. The
wedding occurred at sunset, so you couldn’t
have asked for a more picturesque setting.
Others able to make it out for the wedding
included Nick Walzer and his wife, Chrissie;
Rob Steinberger, Kevin Dwyer and his
girlfriend Carolyn; and Hector Arcaya and his
wife Denise. Hector and Denise brought their
baby boy, Diego. Diego is a very handsome
boy. He looks just like Hector, minus the goatee.
After Seth and Jill’s honeymoon, they will be
headed back east to Seth’s homestate of Maine
where Seth has accepted a new position.
Congratulations, Seth and Jill!
Moving from weddings to babies (as I
usually do) here is the “Baby Report.” Casey
Crowell Eidson came into this world on Nov.
20. Sam Eison and his wife Michelle are doing
great and love their new role as parents.
(Sammy, I will be out there this year. Just have
to figure out a good weekend!)
On Feb. 22, Julio Cassels and his wife
Graciella welcomed twins into this world.
Sebastian and Alexandra are keeping Julio and
Graciella very busy!
Seth Hurwitz and his wife “Fenny”
welcomed their first-born, Caleb Jie, on March
13. Caleb is named in memory of Seth’s later
father, Carlyle. Caleb’s middle name Jie means
“Prominent” and “Outstanding” in Chinese. Seth
and Fenny could not be happier!
72 • DARDEN Spring 2007
Andy and Robin (Whaley) Grapkowski
had their second child on March 15. Andrew
Ryan joined big sister Katie in the Grapkowski
household.
On March 19, Vadim Kapustin and his
wife Blanche (MBA ’00) had their first born,
Alexander Vadimovich. As are all the new
parents, Vadim and Blanche are learning how to
get by on minimal sleep.
Nicholas James joined dad Jim Cecil, wife Laura
and big sister Natalie on March 21. The Cecil
family is growing! Congratulations to all the
moms and dads!
Jenny (Pocalyko) Latz sent me a
wonderful update. (Thanks, Jenny!) Jenny and
Philip Askew (MBA ‘00) and kids
her husband have two children (3-year-old
Alex and 1-year-old Sophie) who provide them
and Jiggy Santillan also made appearances
great joy and happiness. As far as career, Jenny
over the last year. Carlos remarked, “That makes
continues with SunTrust Robinson Humphrey
me really happy because I never anticipated
and now focuses on the real estate sector.
having so many of my classmates come visit,
Jenny was able to spend time with Sonia
let alone come live here like Carolyn did.” Carlos
(LaRosa) Hounsell when Sonia visited Atlanta
wrote that note on the way out the door, for
last fall. Sonia and her husband Patrick
vacation in “Cartagen, a beautiful town in the
Hounsell are busy parents juggling careers and
twins (Grant and Justine). Jenny reports that
Colombian Caribbean.” Jiggy met up with a
number of Darden folks all over the world in
Nicole (Farkas) Crocker and her husband Tom
the last quarter of 2006. In Bogotá, “Carolyn
have moved to my hometown of Boston. You’re
Cooley took great care of me by taking me
going to love it, Nicole!
shopping and sightseeing. Naturally, we met
Kristen Desmond is busy training for
up with Carlos Zuleta who ensured that I took
marathons and working as an independent
home an excellent selection of Colombian
consultant. Finally, Jenny reports that Vera
music. Tried to meet up with Darden folks in
(Liapunov) Fernholz continues to work at
Miami on the way home and ended up seeing
Prudential Capital and has an adorable 4-year-
Arturo Neto (MBA ’01) while I was there. In
old daughter, Kathryn. Thank you again Jenny
December, Kristen Stevens and Niru Raghavan
for the great update!
(MBA ’99) came over to the Philippines for
That’s all for now. Please keep the updates
the wedding of a Wal-Mart friend. Even if it
coming. Drop me a quick email or give me a
was Manila’s craziest weekend of the year (the
shout at anytime. Go Darden!
weekend before Christmas), we managed to
spend a fun weekend sightseeing, eating and
pearl-shopping. I’m hoping Kristen’s beach
’00 pictures will inspire more visits to the country.”
When she’s not traveling, Jiggy is still working
Laura (Lanigan) Lauder
with CEMEX (the Mexican cement company)
Wow, the Class of 2000 continues to get in Manila, and recently shifted functions from
around! So many of our classmates have treasury to strategic planning.
written from exotic and distant lands…all of Philip Askew wrote, “It is with a hint of
them quite a bit warmer than a very arctic sadness that KJ, Sidney, Aiden and myself are
Canada where I have worked on a consulting leaving Bangkok, my beloved home since
project through the heart of winter (whose arriving in 1996.  It has been quite a ride since
bright idea was that?). this time and one that I would not trade for
One of our smarter and warmer classmates, anything. Starting at Shell, over to Darden, back
Susan Camp wrote of a mini-Darden gathering to BCG based out of Bangkok (but not there
in Bogotá, Columbia in March. She visited much) and now Carrier.  I love this city and
Carolyn Cooley who is living there, working for country, its people, rich culture, great beaches/
the US Embassy. As a bonus, they were able to mountains and hot…lovely…spicy food! I am
catch up with Carlos Zuleta and his girlfriend, excited and a little nervous about moving back
Carolina, for a great lunch at a Bogota hotspot, to Australia and will take a role with Carrier.
Andrés Carne de Res. According to Susan, “It We will be based in Melbourne and the doors
was quite the scene and a real experience but to our home will be open, so please come and
the best part was being able to spend time with visit.”
my Darden friends.” Susan has moved back to James Grimes was recalled to active duty
Washington, DC, her hometown, and is working in the US Navy to work on the Multi-National
for a BDC/private equity firm. Force Iraq Staff, providing logistics planning
Apparently, Colombia is quite the place and policy support. He says he has been
to go for Darden ’00 grads, as Heitor Carrera “enjoying the seasonal weather in Iraq since
last November. If any classmates are touring
the Middle East and happen to be making
the rounds in Baghdad this year, please stop
by. A cold bottle of water and extra set of
body armor will be waiting for you.” He says,
“My family is doing very well [and] I am doing
fine. I have it pretty good compared to the
guys out in the field. Quality of life is not bad.
I have a decent trailer with a real bed. Food is
very good for cafeteria style…I don’t have to
wear my body armor all the time, just when
traveling…. Certainly some risk and need to be
smart and alert to the environment. It could be
much worse than it is.” Having said this, James
did note that “Volumes of case studies could
be written on organizational behavior and
leadership/management.”
While in Iraq, James has been “helping at
a clinic that provides healthcare services to
Iraqi families, mainly the children. I hand out
toys, candy, and hygiene items for the kids and
families. I don’t get over as often as I would like,
but it is one thing that will let you know that
you make a difference, if for only one child.” If
anyone is interested in more information about
the clinic or about how to provide materials
and supplies to help these families, please
contact James at GrimesJ00@alum.darden.edu.
In March, Uday Malhotra wrote, “Still at Merrill
after seven years. Had a son, Armaan, two
months ago. All else seems to be fine.”
Howard Wilkins’ cheerful news is that
“Mary Beth and I had a very happy Valentine’s
Day this year, welcoming Molly Adira Hastings-
Wilkins to the world at 7 lbs 5 oz. Sydney is
thrilled to be a big sister and we’re all doing
well.”
Susan Luo and Cyrus “had Aidan last
summer, a pure joy in our life!” They are moving
from San Diego to Boston in the coming
months.
Casey Grigg wanted to pass along to the
Class that Greg Sonzogni went to Saysulita,
Mexico with his girlfriend for a week of fun
and sun this winter. “[Greg] is a little shy but
he likes it when people spread his personal
info. to his ex-Darden friends.” As for himself,
James Grimes (MBA ‘00) at an Iraqi clinic
Casey says “I went to Thailand for a month in
January. I left right after USC beat Michigan in
the Rose Bowl! Yeah, you can put that in the
Darden notes! I am living in Pasadena, CA. USC
was going to the Rose Bowl so often I thought
it would be just easier if I moved to Pasadena
(home of the Rose Bowl). I saw Neil Campbell
a few months ago when he came to CA for a
business trip. Nothing much has changed—I
am still better looking than Neil. I thought Neil
looked a little fragile, kind of like an ostrich. He
could stand to eat a little more.  So if you get to
Atlanta, buy him a meal. I think he lives with Hal
Lawton in a studio apartment in Buckhead.”
Hal has a slightly different version of his life:
“Jodie and I are still living in Atlanta with our
two kids, Harrison, 3, and Renee, 1. I have been
with Home Depot now for two years and was
recently promoted to VP—merchandising
finance.  I run into Neil Campbell (at Home
Depot!) and Robert Owen a good bit.”
I wonder if Hal or Casey’s version is more
reliable.
Paige Newton has had a year of many
changes. For starters, she moved from Richmond
to Virginia Beach. “I left Capital One (the
company I joined after Darden Business School)
after 5+ years working with them and am
currently doing contracting work at Landmark
Communications for a recently acquired
website.” She also recently got engaged to Dave
Killian, an E2 pilot with the Navy to whom she
was introduced by her brother. “And no I haven’t
heard the end of that yet!”
And finally, for those of you who noticed
my name change in the header, yes, I ran away
and got married to Alan Lauder in December.
Work schedules having foiled the first few
attempts at planning a traditional wedding, we
finally eloped when the opportunity presented
itself. We were taking vacation in Australia and
New Zealand over the winter holidays and
decided to stop along the way, in Hawaii, and
tie the knot. In March we celebrated here in
DC with family and friends, including Cecilia
(Vidaeus) Gleason, Brandon Krueger, Shirley
Murphy, Scott Walsh (MBA ’01), Susie (Platt)
Greene (MBA ’97), Andy Greene (MBA ’97), and
Rob Scavello (MBA ’94). Now we’re back to
work. I’ve been promoted to CEO…having left
Accenture to start a one-person strategy and
change consulting firm. Susie Greene (MBA ’97)
and I have been working on a strategy project
for Canada Post since October. It has been
fantastic to work closely with another Darden
alum! It has taken both of us to figure out the
intricacies of the NAFTA waiver applications and
appropriate accounting treatment. By the time
you read this I expect to be working back in DC.
If you’re ever in town, please call; our doors are
open and we’d love to see you!
’01
Trina Jones
This has been a busy year for the Class of
2001. Thanks to everyone who submitted
updates, and I hope to hear from even more
people next time!
Mark MacGuigan wrote in from Europe
with an update that is best shared in his own
words. (Imagine his Irish accent and knack
for comic timing as you read.) “Please share
with my classmates my good news thus far in
calendar year 2007: got married, had baby girl,
and am now feeling settled into life on the Cote
D’Azur. Hence the doors are open for all visitors,
but the rewards of a trip to this delicious place
will have to be mitigated by a quotient of baby
small talk.
“Starting with the least important, I moved
last Fall from Brussels to Grasse, “Perfume
Capital of the World.” Cargill bought a Flavors
business (the business is more or less the same
as perfume, except that we taste, as opposed
to sniff), and I took a sentinel role as a product
manager for natural extracts (these are basically
flavors from the named fruit/source, as a
contrast to flavors made with molecules, which
represent the vast majority of what we eat). We
are the leader in cocoa extracts, so I spend my
days plotting how to get the world (or product
developers) to want more natural chocolate
extracts, which should not be so difficult,
and, of course, sampling some of our better
products: Baileys, Sheridans, and Lindt Tiramisu
Chocolate delights. Work aside, life down
here is superb. I fell in love with the French
Riviera when I Eurorailed around Europe in the
1980s and whether it is the amazing food, the
beaming sun, or the cutesy villages, this region
has the feel of a place to call home.
“Jessica and I met in St. Paul. She is a St
Pauli girl. We moved together to Brussels,
she continued with 3M, and I with Cargill.
Like myself she has had her nomadic ways,
principally in Japan, and once she replaces
Japanese with French in the left side of her
brain, life down here will be much simpler. Both
of us being more practical than sensational,
we “eloped” to Florida and married quietly
in Lakeland. God thought it a bit too quiet
because he unleashed a tornado there that
night—very unusual in Central Florida. Funny,
married life is no different than cohabit life.
“Lastly and most important, Ally
MacGuigan arrived on March 31. She rushed
in before April Fools Day. At 3.3kgs and 50cm
long, she is bound to confuse all Imperial
Measure Traditionalists. So far it seems that she
eats and sleeps well like her father, and has the
nimbleness and dexterity of her mother.
“My most recent Darden sightings have
been all Bubala and a bit of Choi. Andy Bubala
and I met up last year on business trips to
Japan, and then at Dean Bruner’s speaking trip
to the San Diego Alumni. As for Henry Choi, he
www.darden.virginia.edu • 73
Class Notes
married a Limerick Lass, lives in a small part of
NYC, Jackson Heights, which seems like South
America, and last fall was trying to open a
lounge bar in Manhattan -- always something
new. I catch up with him most times that I get
to our Cincinnati Flavor site.”
2007 has also been an eventful year for
Matthew Kirsch, who had open-heart surgery
at the UVA Medical Center in February. He went
to the doctor one day, she heard a murmur, he
was diagnosed with a very leaky heart valve,
and it all went downhill from there. He was back
at work after only a month, and the problem
has been completely fixed. In other news,
his son Eli is finishing up his first year at UVA,
presumably making the Kirshes the first Darden
’01 parents to send a kid to UVA…hopefully the
first of many!
Last summer David Shrank closed
PupCups, his pet product startup, and
decided to go back to his true love—strategy
consulting. He is now very happy in Deloitte
Consulting’s Strategy and Operations practice
focusing on the Media and Entertainment
Industry in New York City. He also got engaged
last summer to his beautiful fiancée, Jeannie
Sung. The couple recently moved in together
into a great place on Manhattan’s Upper East
Side with their two little Chihuahuas, Zulu and
Caesar. They are getting married on July 8, with
Darden friends Charles Rosenblatt and Matt
Kosanke as members of the wedding party.
Speaking of weddings, Matthew Aujla
and Tee Towon were married in Bangkok
in December, and Kevin Clark joined the
celebration.
Michael Kropf was married this spring to
Majlinda (Maya) Pilavi-Kropf. The couple met
in Switzerland, and Maya is finishing her LLM
in Montreal this year. Michael is continuing
to enjoy his work and living in North America
again.
Matthew Aujla and Tee Towon both MBA ‘01
74 • DARDEN Spring 2007
In relocation news, Andres Waldraff
has moved back to Colombia, where he took
over as CEO of La Plazoleta, one of the most
important flower growers in the industry.
He and his wife had a baby girl, Emma, in
December 2006.
After five years with P&G, Armando Garza
moved to Frito-Lay as a marketing director
in shopper marketing. He is responsible for
all the in-store marketing for emerging and
convenience customers (Costco, Target, Dollar
and Drug Channels, and convenience stores),
regional marketing, and creating the future
consumer preferred shopping experience for
Frito-Lay’s products. The Garzas have been
living in Plano, TX (Khary Scott’s old stomping
ground), since the summer of 2006. Armando,
Shannon, Hayden, 5, and Olivia, 3, all love it in
Texas (probably because it’s not 110 degrees
yet).
In January, Shannon attended a girls’
weekend with several other Darden wives,
including Maggie Tapp, Emily Feary, Julie
Daugherty, Kristin Cloonan, Abbie Shore,
Suzanne Morris, and Lisa Gatewood.
In October, Armando ran into Section A-
mates Khary Scott and Diego Mahecha, who
were all at Darden recruiting. Armando wrote,
“Khary and I had a great time catching up over
dinner but, in typical Diego fashion, he stood
me up when I called him later that night to go
out for a drink. Guess those banker guys don’t
appreciate hanging with us ‘marketing types!’”
Jami and Brian Lacey and their children
Mary, 5, and Hamilton, 3, moved to Valdosta,
GA, two years ago to be closer to family. Brian
is currently running two companies there and
is making plans to get his doctorate in the near
future.
Suneel Garg wrote in from Los Angeles,
and he has been able to see many classmates
recently. He reported that Blair and Soledad
(Haro) Boyle and their two sons have relocated
from Austin to Los Angeles, where Blair has
taken a job at Disney. Suneel continues to see
Porter White frequently in LA, as well as Jen
Faenza and Tim Anderson when he visits San
Francisco.
Stan Manoukian also reported from
sunny LA, where he is still involved in the world
of distressed securities and his 15-year old
daughter Yana is enjoying her freshman year
in high school! The family is doing great, and
stays in touch with the Nikitchyuks, although
they have not seen anyone else from our class
in a long time. Stan wrote, “Anyone visiting LA,
please welcome to our cozy house!”
Clay and Hunter Mathews are still living
in Hilton Head with their boys Payne, 4 1/2,
and Levi, 3. Hunter is home schooling the boys
and loving it. She is also finishing her master’s
degree in Christian counseling and is beginning
to counsel women in the area. Clay now has his
own real estate company, following a venture
starting a local real estate TV channel, which
he sold this year. In addition to real estate, Clay
also plays the drums at their church. If anyone
is ever in the area, they would love to get
together!
Jim and Elizabeth (Wells) Shumadine
continue to live in Norfolk, where they recently
celebrated their son Sam’s first birthday with
a party with family and lots of little kids. They
enjoyed a quick trip to San Diego this winter,
and are tackling their last major project to
complete their home renovation.
Joe (MBA ’00) and Coleen (Sullivan)
Curry are settling into their new home in the
Dunwoody area of Atlanta. Daughter Caroline,
2, keeps them on their toes and laughing a lot.
Joe recently left SunTrust to join a new firm in a
sales and trading role.
Tracy and Greg Turk are keeping busy
with their boys Graham, Will, and Lleyton. Greg
continues to work with the public pension
fund as director of investments. As a pension
fund investor he usually comes across a Darden
graduate each month as we look for new
investments for the fund; he’s finding lots of
Darden grads in private equity.
One such 2001 grad is Peggy (Donnelly)
Roberts, who continues to work as director of
organizational development at The Riverside
Company, a private equity firm. The firm
is growing by leaps and bounds and the
excitement of building a stronger, global
platform is keeping her busy. She and Justin are
having a lot of fun watching Molly, 2, grow up,
learn words, and also learn how to challenge
her parents. She and other Darden 2001 ladies
still found time for their annual reunion and she
welcomes our classmates to please drop a note
to say hi or stop by if you are ever in Cleveland!
Greg and Lisa (DeJong) Ellis are still
living in lower Manhattan with their 14-month-
old daughter, Erin. Greg is still working at JP
Morgan and Lisa is working at McKinsey. They
see fellow New Yorkers Dave Yoon, Greg
Nersessian, Ted Husveth, and Chris Lown
occasionally, as well as section B-mates Diego
Mahecha and Chad Joplin. They are excited to
hear that another section B-mate, Brian Green,
has taken a job at JPMC and is moving to the
area.
In other job-change news, Chad
Rynbrandt recently left BCG after a great five-
year run and is working for a former client,
CSM (a Dutch food company), doing internal
consulting/business development. Chad and
Mindy’s family is now six strong, and they
welcomed a fourth child, Abe, to the family in
May 2006. Abe joined Sadie, 6, Mia, 6, and Ella, 3.
Melanie and Thomas Grant are proud to
announce that Jackie, 3, is now the proud big
sister of Luke William, born Jan. 28. Thomas is
working as director of business development
for the law firm Morgan Lewis, which he joined
in 2005 after he wound up Searchlight. He
reported that Topher Feary left Brandywine
Global a few months ago to join a startup.
 Paul and Staci (Singlak) Wagenbach
welcomed their first child, Leah Jane
Wagenbach, on Nov. 1. Leah is doing well and
the family continues to live in New Jersey.
Carrie and Grant Brown welcomed
their second child, Spencer, to the family
on Feb. 26. They relished the month of
grandparental-coverage and are now lobbying
the grandparents to move to Charlottesville (or
at least buy a vacation home) and extend the
much-appreciated support.
In other Charlottesville news, Allison Linney
and Rachel (Korkowski) Brozenske continue
to have great success expanding their
consulting business.
And Trina Jones (yours truly) is still hard
at work growing Off Campus Partners, which
will celebrate its five-year anniversary in June.
Although work is busy, I still managed to find
time for UVA basketball, and enjoyed season
tickets at the beautiful new John Paul Jones
Arena, and traveled to Tampa for the ACC
Tournament.
’02
Flip Pidot
Thanks to everyone who made it back to
Charlottesville for our five-year reunion—we
had a great turnout and hope that everyone
enjoyed themselves! Thanks to everyone on
our committee who helped with the planning;
we couldn’t have done it without you.
We successfully kicked off the weekend
with a bang…actually, make that a flame…
thanks to Mark Hutto for extinguishing the
fire—Davis Washburn, Kristin and Adora
Hampton and Kirsti Goodwin were so focused
on catching up that they didn’t notice the
flames!
For those who missed the reunion, we
thought you would be interested to know that
one of our classmates, Tom Montgomery,
recently returned to the US after serving a year
in Iraq—it was great to see him at the reunion
and we would like to thank you again for
serving our country.
As usual, our class has been very busy with
moves, starting new jobs, and having babies.
Matt and Theresa Kaness get the award for the
most babies in the least amount of time—they
have three under the age of two! Twins Jacob
and Ryan joined daughter Isabella in January—
the whole crowd made it to Charlottesville and
enjoyed meeting other future Darden grads.
Speaking of awards, we think Mas Otsuka
deserves one for traveling the farthest to attend
the reunion—he came all the way from Tokyo!
Gwen (Fairweather) Varady unfortunately
missed the reunion, and wins the award for the
best excuse—she gave birth to a son, Windsor
Ian Varady, on April 14! She says they finally
understand what everyone said about their
lives never being the same. She says he’s a great
little guy, cute as a button, and he even lets her
get a few hours of sleep at night so she’s not
completely sleep deprived! Congratulations,
Gwen!
Rick Zeoli and family made it to
Charlottesville to attend the barbecue on
Saturday afternoon and enjoyed catching up
with everyone—they also managed to keep
Carlos Chamon’s son at a safe distance from
their daughter…!
Jamie Oldershaw couldn’t make the trip
back, but sent in an update that he and his wife
welcomed their first child, JJ Oldershaw, to the
world March 22—he even has his own website
already—check it out: www.jjoldershaw.com!
Rod Hicks got married to Meridith Alms in
St. Paul, MN on March 30. Curt Miller, Dedra
Berg (Cantrell) and Heather Harmon were in
attendance. Guy Maurice joined them in Las
Vegas for the bachelor party. Congratulations,
Rod and Meridith!
Kristin and Rex Hampton are the proud
parents of a daughter, Adora. They have also
relocated to Lynchburg, Virginia.
Christina Emery (Kollay) and her husband
Keith welcomed their first child, Alexandra
Kollay Emery, Nov. 6.
Josh Marks joined the many entrepreneurs
in our class and is the president of Gold
Star Group—he brought along his portfolio
of photographs (think W, Vogue, etc)—he
certainly has a great talent and we look forward
to hearing more about his company as he
grows!
’03 Reunion
Graham Beatty
Lauren Macleod
Anand Stanley
This edition is a little on the light side, since
our request for notes went out a bit late
(Oops! Sorry…) But given that we’ve been
erring on the side of pages and pages in
previous editions, we’ll chalk this up to
quantity over quality.
Into the depths of it…
Scott Davies tells us that he has made
a pretty big change. “I am currently a brand
manager for Frito-Lay based in Dallas, and have
been here for just over a year. Very happy in the
new company, working in the Innovation group
developing a new snack platform for launch
next year. Miranda, Thomas and I are enjoying
life in Texas, especially the great weather, and
feel really at home.”
Mike O’Connor writes in about his
daughter, Ryan Elizabeth O’Connor born April
29, 2006. He and Sue are “living in Kensington,
MD, and celebrating my two-year anniversary at
Triumph Development in May. All is well.”
Sue and Mike recently visited Karen and
Graham Beatty in New York. Their son
Jackson and Ryan O’Connor spent some time
Steve (MBA ‘03)and Micah Bruner
together. In other Beatty news, Karen recently
moved from the ratings group at Moody’s to
Greenwich Capital
Lauren and Aron Grodinsky just recently
moved from their downtown NYC apartment
to a new place in Hoboken. Those of us still
stuck in the world of teeny tiny Manhattan
apartments are certainly jealous of their “lots
of room to entertain visitors. “ Aron also shares
that they’re “enjoying ‘suburban-lite’ lifestyle.”
The Beattys, the Grodinskys, Ralph and
Carey Douglas Delia, Jose and Lindsay Kalaw,
Matt Seligman, Tiffany and Anand Stanley,
Lauren Macleod, and even Dan Zinner
gathered to wish Sarah and Peter Harrison bon
voyage. Peter took a London-based position
with Morgan Stanley (still in the Healthcare
Group). They are living in Marylebone,
London—“hometown of Dan Zinner.”
Speaking of the Stan Stanleys… Anand
Stanley moved to a new position within
UTC as Director of Supplier Development.
He is currently responsible for Supply
Base Development, Supplier Diversity and
Corporate Responsibility for UTC’s global
supply chain.
Also from the New York refugee club,
Romina Birnbaum shares that she is “done
rotating with Omnicom Group and signed
on with Rapp Collins—an Omnicom direct
marketing agency working out of the LA office.
I finally feel settled and am really enjoying
being back at the beach—especially after all
the east coast winters.”
David Rosenbaum writes, “The big news
we have to report is the birth of our second
child, Caroline Blythe, Oct. 3, 2006. Big brother
Connor, 3, and the new baby keep us very
busy. I’m still with Genworth Financial working
in product finance for the Long Term Care
Division.”
(Apologies to Steve—this apparently
didn’t make the last round of notes…) Steve
Bruner introduces “Micah Schmalzbauer
Bruner. He was born July 14, 2006. Leah and I
love being parents. Life in Bozeman, Montana is
wonderful.”
News from the West Coast… Eric Gregg
writes “Bre and I are doing well. Unlike 90
percent of our class, we have no babies to
www.darden.virginia.edu • 75
Class Notes
Todd Whiting (MBA ’04) knows what it’s report yet, but life and business are both
going very well. Bre continues to advance in
like to slide down an ice chute at 60 mph.
the nonprofit realm, working with homeless
Last year the Darden alum joined the U.S. National youth and my company just went through a
Skeleton Development Team. Skeleton is a winter racing major rebranding. The new company name is
sport in which participants blast along an ice chute on a iLoyalty, (www.theloyalclient.com), and our
sled, face-down. After a 52-year hiatus, the sport returned business model has evolved to focus on helping
to the Winter Olympics in 2002. our clients improve loyalty and retention of
Whiting was fascinated by what he saw and vowed to give it a try. Whiting calls customers and employees. So far the model is
himself an accidental slider, as he just slipped into the sport of Skeleton. working, with the system actively protecting
“I’ve always been an adrenaline junkie,” he admits. Whiting signed up for a more than $240M in client accounts.”
March 2006 adventure camp in Lake Placid, NY where he spent four days learning Laura and Charles Leddy made the
move to Seattle, where Laura is starting her
the sport of Skeleton. “They started us at the bottom of the track where you reach
residency after finishing medical school at UVA.
speeds of up to 25 mph and we worked our way up to the normal start and went
Charles has also moved to the Seattle office of
down the whole track at the end of the weekend,” he says. “I reached speeds of McKinsey.
about 60 mph and it was one of the most thrilling things I’ve ever done. Your face Sebastian Brea tells us “after living over
is two inches from the ice and you’re going around these turns pulling three or four a year in Brazil after Darden, I moved back to
Gs. Often you’ll hear helmets scraping along the ice when they’re going around these Buenos Aires and have continued working in
turns.” the telecom industry. The family has grown
Whiting is a director of cable sales at NBC Universal in New York City. Because since Darden, first came Lucas, now 3, who was
NBC broadcasts the Olympics and is owned by corporate parent General Electric born in Brazil (which is something I will have
— a worldwide Olympics sponsor ­— Whiting had an advantage when he needed time to deal with when watching worldcup football
matches between Argentina and Brazil!), and
off from work.
over a year ago beautiful Emma showed up.
Last August he attended an advanced Skeleton clinic. “Now, I’m five to 10 years
Family and work have taken their toll sports-
older than anyone they’ve ever put on a team before. I’m also 6-foot-4, which is wise, no football and less golf, so I definitely
about five inches taller than most of their athletes. So they said ‘we’re willing to let look forward to the 2008 reunion to relive the
you try this if you’re willing to be our guinea pig.’” He completed all the physical Birdwood days with some of the guys!”
tests like sprinting and jumping and pushing the Skeleton sled. His performance Sanmitra Deo tells us that she “recently
earned him an invitation back for Skeleton driving school and a return trip to Lake took a new job within GE Healthcare as the US
Placid last November. Sales Operations Integration Leader for the GE
“You stay at the Olympic training center and eat in the same cafeteria as all the acquisition of the diagnostics businesses of
athletes,” he says. This was a week-long course on driving the sled down the track. Abbott Labs (Abbott Diagnostics Division and
“And then at the end of the week they invited six or seven of us out of 10-12 to be Point of Care). As part of the new job, I expect
to be traveling a lot more around the US and
part of the US Olympic Skeleton development team. I had a real decision to make,
hope to see many of you during my voyages…
because this was something I never expected. I figured out this was something I could
on one recent trip, I got to see Lindsay and Jose
not pass up; it’s a once in a lifetime opportunity.” in Princeton. As an added bonus…I am the new
So he worked out an arrangement to go on the 10-week session for half of each campus recruiting lead for MBAs from UVA, a
week, training Thursday through Saturday and coming home on Sundays. He trained recent addition to GE’s executive schools, so I
part-time from late January through the beginning of March. “The problem was, look forward to competing with y’all for great
everyone else was training full-time,” Whiting says. “It was an amazing experience; talent!”
no regrets whatsoever, but it just wasn’t going to work unless I could train for it full- Tadd Wilson writes “In January 2007, I
time. I decided to end it in March and come back to work.” added that delicious phrase ‘former consultant’
He’s looking forward to the occasional recreational race as Skeleton slowly gains to my bio, moving from IBM Strategy and
Change into IBM Retail Store Solutions. I
in popularity in the states.
focus primarily on go-to-market strategy and
“Now I’m moving from a competitive athlete to an avid fan,” the Iceman says.
business development for our top 16 countries,
Read about Whiting’s adventures and look at some of his photographs by visiting targeting $1B in revenue for 2007. I managed to
www.theaccidentalslider.blogspot.com. sneak out to the 120 Club event in Washington,
DC, where I saw Mike and Elizabeth Riordan.”
Tadd and Sumit Kumar also got together
recently when Tadd was in NYC for the National
Retail Federation conference.
Jen and Chris Blythe made a trip to see
Pam and Todd Schanel in their home in Palm
Beach Gardens, FL. Both the Blythes and the
Schanels are proud parents of twins—Gavin
and Peyton Blythe and Michael and Grace
Schanel.
Rossana (Llerena) Stevenson gives us the
shortest update I can recall. “I have an update:
I switched jobs, had a baby and moved to a
new house...” No more details than that—but

76 • DARDEN Spring 2007

it sounds like the Stevensons have been
undergoing a fair amount of change since their
wedding a couple of years ago.
Winning the award for most interesting
job locale, Marion McGowan has recently
moved to Sudan, where she will be for the next
year. She is still working with CHF International
(www.chfinternational.org).
There’s lots more news out there—I know.
But at this point it’s just hearsay, so send in
your notes! A few final tidbits on the hearsay
front… Evance Stalley had a baby and moved
to Chicago. And Mark and Syl Trowbridge
had their second child. Ashley and Santiago
Tagtachian had their first child, Mateo, Jan. 27
of this year.
OK, that’s it. Short and sweet. Thanks for all
of the updates. The next edition will be our last
Class Notes before the reunion in April 2008.
You will start hearing from the three of us fairly
soon as we start to plan the weekend. We look
forward to putting together a great weekend
for everyone to reconnect. Happy Summer to
all ~ Graham, Lauren, and Anand.
’04
Katie Bisbee
Dennis Ortiz
Prashant Prasad
We continue to receive all sorts of great news
from our classmates who seem to be doing
extremely well in their chosen professions,
as well enjoying a lot of downtime activities
which include getting married and making
babies. Before we share all the details, we
must throw a gentle tsk-tsk in the direction
of Tucker Quayle, Baocheng Yang, Ashley
Leonard, Willard ‘Robin’ McCloud and
Matt ‘Purdue Rocks’ Reintjes who were
conspicuously absent in the update list
(despite plaintive reminders from Dennis
Ortiz at the class secretary desk).
Peter Goulding married Rachel Carr last
September on Nantucket. Matt McCarthy,
Thomas Scott and Adam Northup were
among the groomsmen. Bridesmaids included
Alieda de Havenon Keevil (MBA ’05). The
wedding featured a strong showing of Darden
guests: Scott Smith, Jeff St. Denis, Matt
McCarthy, Josh Goldstein and Adrian Keevil
(MBA ’05). Peter and Rachel sent us several
pictures from what seemed like a beautiful
wedding. Peter continues to run half-marathons
at a brisk pace, making those of us at the
Class Secretary desk with bum knees wistfully
jealous.
We were pleasantly surprised to hear from
Carlos Anguizola who provided his first update
since graduation. He’s cutting a wide swath
through the “infant hygiene” business, having
recently shifted from Huggies Baby Wipes &
Toiletries to Pull-Ups Training Pants. Given the
Darden 2004 population explosion, Carlos
seems to be the man to approach for Class of
2004 group discounts. Carlos is to be credited
with the wry observation that if he continues
on the same career track, he’ll be working on
Depends very soon. The Anguizola family is
happy in quiet (and cold!) Appleton, WI.
Another cold Darden CPG-er is Pam Taylor
who is still with Kraft in Chicago. Pam is training
for her first triathlon and is looking forward to
the upcoming wedding of classmates Cindy
Kozu and Justin Jed (which we hope to cover
extensively in our next instalment). Sara and
Mark Mercurio are enjoying time with their
15-month-old, Graham; Mark continues to work
on the Mr. Clean brand while continuing to
receive counselling to recover from the dismal
performance of his Cincinnati Bengals. We
absolutely can’t move on without a mention of
our favorite CPG-er, the irrepressible Michael
Bachman. It is our sad duty to report that Mike
has moved on reluctantly from the exciting
world of Preparation H. There is, however, a
silver lining to every cumulonimbus: Mike is
now working on every Dardenite’s favourite
brand (come recruitment time, at least),
ChapStick.
Continuing with the wedding news, Tom
Disantis married Casie Campbell on Oct. 8
in Charlottesville. The wedding celebration
took place at the University of Virginia Chapel
followed by a reception, dinner, and dance at
Veritas Vineyard in Afton. Darden colleagues
in attendance were Michael Bachman, Chris
Haney, Bob Bell (who reported being “alive
and well” in Richmond), and Clark Bailey.
A quick trip to Disney World right after the
wedding was the precursor to an extended
honeymoon in Italy planned August 2007.
After graduating with her master’s in teaching
from the Curry School in May 2005, Casie is
now a second grade teacher in Fairfax County.
Tom is a director with the Corporate Executive
Board in Washington, D.C. The couple resides in
Arlington.
We had another October Darden wedding,
that of Julie Robey to Jason Krebs. The
couple got married in Julie’s hometown in
Pennsylvania. Julie and Jason met right after
she moved to Minneapolis after graduation.
Jason is a Ph.D. candidate in psychology.
Julie pulled off planning her wedding
while travelling back and forth between
Minneapolis and Venezuela. Much to the
dismay of Northwest Airlines management and
shareholders, Julie is now back in Minnesota
full-time and enjoying married life.
Many of our classmates continue to
keep airline companies happy, though. Isao
Sekiguchi has moved back to Tokyo from
Düsseldorf; Isao will be based at Sumitomo
world headquarters, but will keep commuting
to Europe to manage projects in the sunny
Canary Islands. Isao is happy to be back
in Japan with wife Mamiko and daughter
Miyu. This will also give him a chance to get
together for some high quality sake with Tokyo
Dardenites Takehiro Nakamura, Yasumasa
Nakayama, Kazuyuki Izumiya, Shu-wei
Wu and Satoko Takahashi (who also got
married in October). Danise Chui provided us
with pictures of Satoko’s wedding which she
attended along with Karey Fung, among other
Darden classmates. Danise also met up with
Eugene Lee, Tucker Quayle, and Francisco
Simon while on a trip back home to Hong
Kong.
Jackie and Erik Holmsen are in the final
stage of their year-long GBE (Great Beer
Experience) in Prague. The Holmsens will be
moving back to Dallas in May and report having
had a fantastic time overseas.
Rob Ferranti is still in Chicago, and is your
guide to all things O’Hare related. He worked
on a project in France (and with apologies to
Monsieur Dominique Vincent, still believes
Barolo is better than Châteaunneuf-du-
Pape) and at the time of going to press, was
completing a quick due diligence in NYC.
Roberto is now a proud green-card holder,
and has also been promoted to vice president.
Neither has, according to him, dramatically
changed the nature of his job.
After over a year of living across the street
from Roberto, Tze-Liang Chiam took a break
from regression analysis to meet up with him
for a cuppa at Starbucks.
We have some new arrivals to welcome
and anticipate: Alyssa and Jay Arnold had a
baby girl, Virginia Mae, on March 3.
Anna and Jay Lambiotte are expecting
their first child on July 1.
Dan Entin was recently promoted to
Senior Product Manager, Internet & Wireless,
at Zagat Survey. He’s working on a cool project
with Darden Admissions: a potential Zagat
Guide to Charlottesville restaurants and shops.
Liz Robertson continues to lead in the ‘shortest
update’ sweepstakes. She is still in San Francisco
working for Gerson Lehman Group. She also let
us know that Betsy Nolan is in NYC working for
Goldman Sachs.
Eric Hausman recently left NYC to take
a job in the strategy department at Target in
sunny Minneapolis.
We also wish Gabriella Zambrano all the best
with preparations for her upcoming wedding in
September.
We received a long and fun update from
Dave Banyard who spent most of last year in a
throwback to his US Navy days, i.e., convincing
Diane that moving again was really the right
thing to do. Fortunately, the move brought
the Banyards back down to beautiful Virginia,
Roanoke to be exact. Dave took a new job
within Danaher as the general manager of
one of the businesses in the Danaher Motion
platform. Dave has plants on three continents
(unless you consider Scandinavia to be a
continent, in which case it’s four) and therefore
has no shortage of free time. Dave estimates
www.darden.virginia.edu • 77
Class Notes
that he’s now logged more flying hours as a
civilian than in his Top Gun days—in his own
admission, that’s pretty scary. Diane, Anna, and
Trey are all doing very well. Let’s quote Dave
for a bit: “Anna is the definition of precocious
and is clearly ready for (Professor) Sherwood
(Frey’s) B&N (in fact, given her style, she may
have already taken the class). Trey has bright
red hair (and yes, it runs in my family), and
seems to have not figured out that he comes
from short and slow stock, because all he wants
to do is play B-Ball as he says (basketball).
Diane is adjusting well to the culture shock
of Connecticut versus southwest Virginia,
and to make sure to keep it interesting, we’re
expecting number three this August. No idea
yet whether it’s a baby brother or sister, but
obviously, time will tell.” Thanks to Dave for all
the entertaining news and best wishes to the
Banyards as they await their new arrival.
Shantel Moses moved to Chicago a while
ago to manage the Mini Babybel business
for Bel Brands USA. She requests Darden
classmates to keep this in mind while prowling
the dairy aisles of their local supermarket.
Shantel has been in touch with Bridgette
Wuabu (booting posterior at Merrill Lynch)
and James Jordan (loving life back in the
Bay Area). She also reported seeing Kaylan
Bartholomew, Tim Witcher and Jenn Hill at
the National Black MBA Conference in Atlanta
with the after party being hosted by Willard
McCloud at his Four Seasons suite.
We were very happy to hear from Jin
NamKoong who also surfaced with an update
for the first time since graduation. After stops
in Bentonville and Boston, the NamKoongs are
happily settled in Dallas where Jin is working
for i2 Technologies, a supply management
solutions company. The NamKoongs are looking
forward to their first summer in Texas and report
that their two daughters are looking forward to
making new friends after all the moving.
Elizabeth Yanero is still in the DC area and
is currently on maternity leave from Booz Allen
Hamilton. Elizabeth and Tony had their second
child, Andrew Joseph, in October (to his sister
Anna’s disappointment, he can’t be returned)
and report, quite rightly, that Darden was a
breeze compared to parenting. Anna is now in
her “terrible twos” and negotiates everything
(especially bedtime). For some additional
challenges, Tony deployed from the Pentagon
in January and will be in Qatar supporting the
Army for another four months. Upon his return,
the Yaneros will be moving to Atlanta late
summer—Elizabeth shared some disappointing
news with us: former room-mates Peter Conn
and Elizabeth Moody made it clear that the
Yaneros are not moving in with them.
Erstwhile Brasilieros Vikas Chawla and
Noelle Mendez-Villamil are back in the
US. Vikas recently left BCG to pursue new
opportunities and will be relocating to Seattle
where Noelle has accepted an exciting new
78 • DARDEN Spring 2007
position with Microsoft. Lindsay Wilber hosted
her first brunch in Boston: Jill Lewandosky and
Marlene Friesen were there to support the
hostess. Jill reported that Marlene is thriving in
Boston—she’s at TJX and focusing on jewelry.
We anticipate Marlene’s inbox being full of
discount-related queries as soon as we go to
press.
Jose Salinas is continuing to learn more
about the culture of the Southern USA while
living in Greensboro, NC. Most of it has been
great fun: rooting for the ’Hoos at ACC games,
eating barbeque, etc. Some of it has been
not-so-great-fun, i.e., rooting for the Panthers
and figuring out how to avoid the regular
invitations to NASCAR races.
Dennis Ortiz ran into Kraft colleague
Glen Schutzman recently. Apparently, Glen’s
competitive spirit thrives well after Darden.
We are told that Glen was in a weight loss
competition with some colleagues from work.
Losers had to shave their head. Let’s just say
Glen goes by ‘Yul’ these days. Apart from the
tonsure, Glen is doing fine—he’s working on
the Tassimo brand at Kraft and is doing well
with his wife and new baby in Westchester.
Dennis had a lot more news for us: he ran a
half marathon with Rebecca Gordon and Kate
Duggan, met Jeff St. Denis (who is still with
SNL in San Francisco) for dinner in the West
Village and continues his reign as Cookie Caliph
with Chips Ahoy! and Nutter Butter. Dennis,
along with Rebecca, Todd Whiting and Billy
Bey met up with Villi Iltchev for dinner and
drinks recently. Villi was in New York en route
to Europe for work, and is loving life in San
Francisco along with wife Jen Faenza (MBA’01).
Prashant (‘Herbie’ to his fellow class
secretaries) Prasad got married to Nishtha
Aiyar in a traditional Tamil Brahmin Hindu
ceremony on Jan. 25. Several Darden
classmates made the trip down to Mumbai
for the wedding: former room-mates James
Pilachowski and Gurpreet Malik (who, a few
weeks later, passed on the happy news of his
engagement to Komal Bhasin), Travis Massey,
Maria and Pedro Libano Monteiro, Dennis
Ortiz, Katherine Neebe and Rebecca Gordon.
Prashant and Nishtha honeymooned in New
Zealand and Australia and are looking forward
to trips to Italy in May and to the US in August
for Gurpreet’s wedding.
’05
John Lake
ToTran Nguyen
Fabiano Lopes and Carol were married
last December in Sao Paulo. The wedding
cake featured an illustration of the Darden
building. Several Darden alumni were in
attendance including Guilherme Silva,
Scott McPherson, Ricardo Campanario,
Alex Zimath, Mila Leite, Heather Baldwin,
Darden ‘05 ‘Southern Belles’: Alyssa Franklin,
Sheyna Horowitz , Cherbury Hunt, and Katie
Cunningham
Antonoaldo (MBA ’04) and Luis Moraes (MBA
’06). The honeymoon cruise stopped in the
Caribbean, the Panama Canal, Costa Rica and
Belize. Carol has moved to Dallas and is trying
to understand what country music and line
dancing are all about.
Gabriel Lazarus and Raquel Leon
happily announce the birth of their beautiful
baby daughter, Sofia Lazarus. Sofia arrived
Jan. 16, weighing 6 lbs 9 oz. and 19.5 inches
in length. The first few months were great,
although lots of work. They are still located in
Santa Rosa, California, where Gabe is launching
a new product for Medtronic CardioVascular,
working as an international marketing
manager. Raquel is currently on leave from
Medtronic, where she worked in the company’s
Clinical Research group.
Enis Oksan will be completing his military
service obligation for the Turkish Army during
the month of July…“Strength and honor.”
Howard Jenkins and wife Gin had their
first child Luther Howard Jenkins on April 30.
He weighed 7 lbs., 15 oz. and “is the best thing
ever.”
Sean Harrington and his wife are proud
to announce the birth of their first child, Keara
Leigh Harrington. Keara was born April 27 and
was 6 lbs. 11oz. and 20 inches.
Joel Selzer, king of class news and
updates reports the following marriages and
engagements: Jack Garside will be getting
married in C-ville in July, Sean Spiegel is
getting married in Nags Head in August, Walt
Leddy is getting married in Texas in July, Matt
Hasson is recently engaged and will be married
in New York in January, Anurag Chandra and
Jasmine Khambatta were recently engaged,
as were Brian Kolle and Emily Michaels. As
for Joel, he left Medical Funding Services in
February to formally launch Ozmosis.
Kenneth Kim is now Deputy General
Manager of the IPO Department in the
Investment Banking Division of newly re-
named Samsung Securities. He also was
married on April 28th to Mi Jeong, a patent
attorney specializing in chemistry.
Lynn Manthy and husband Mark had a
baby boy, William, on March 26. He is “growing
like a weed and we are enjoying getting to
know him!” Lynn also reports visiting with
the (Thomas) Peddicords and meeting their
new addition, daughter Kate who arrived in
February. Lynn also caught up with a bunch
of classmates at Neal Hoffman’s wedding in
Newport, RI this past Labor Day weekend.
Sarah Goldberg and Will Lien will be getting
married in Alabama on Nov. 3.
Nicci Small and Jay moved to Carmel, IN
(just outside of Indianapolis), this spring. Jay
took a position at 40|86 Advisors, a subsidiary
of Conseco. Nicci left her position at Bank of
America in late March and is currently job
hunting, settling into their new house, playing
golf and working with Joe Miller’s mom to sell
their old house (shameless plug for anyone
looking in the Charlotte area—great Myers Park
location).
Ben and Katie Monsoon had a baby
boy, Magnus Bennett on April 14. Everyone is
healthy, and doing well.
Jim Zuffoletti and Otavio Freire’s startup
OpenQ is growing and profitable and has
added two additional Darden alumni to their
team; Brian Costa (MBA ’06) and Mike Broad
(MBA ’04).
Samuel Suraphel is living and working
in Tanzania, East Africa. He works for Abel
Contractors(www.abelcontractors.com), a
local construction company specializing in
the telecom sector. If anyone is interested in
learning about the region, they are welcome to
contact him through the alumni database.
Ace married his girlfriend of five years, Marie, in
October ’06 in Philadelphia. They are now living
in the suburbs just outside of Philadelphia, a
short drive from the Delaware state line where
Ace is working at the credit card division of
JPMorgan Chase. “No plans yet to have a baby
in the near future, but for now Marie and I are
enjoying married life while taking care of our
two cats, Dooney and Bourke. I hope everyone
is doing well! Cheers, Ace.”
Katie Cunningham and Sheyna Horowitz
recently celebrated the completion of yet
another marathon (Inaugural ING Atlanta
Marathon March ‘07). Training in Hotlanta paid
off as they both smoked the course setting
personal records! In April, the 5’3” and under
club had a mini reunion down south. Joined by
Cherbury Hunt (who now lives in Norfolk, VA,
employed by the renown country ham maker
Smithfield Foods), Katie, Alyssa Franklin, and
Sheyna kicked off the summer barbecue season
in style. Sangria was in abundance, of course.
Sadly, the Darden southern belles will be one
less when Sheyna departs for the frozen tundra
of Minneapolis. She’s trading in her Home
Depot orange apron for the snazzy Target red
shirt. Katie and Alyssa continue to be diligent
Deloitters and expert travelers, having accrued
over a zillion trillion frequent-flyer miles. When
they’re not on the road, Alyssa enjoys her shiny
new condo and Katie dominates the kick ball
field. And although she is busy learning the
financials of the bacon industry, Cherbs is also a
new home owner and in the midst of planning
a kitchen renovation! (Sheyna hopes to offer
home improvement tips.)
One liners…Steve Walzer and his wife
Jody had a baby boy, Matthew (now 9 months)
and are moving to Seattle. “I’ll be working in
M&A in Microsoft’s new health solutions group,”
Steve writes.
Matt Hasson left GM and joined CIT. Jack
Garside is now at Deloitte Consulting Tim
Brown is on a six month rotation in Sweden
for Bain Consulting. Ashton Cullum moved to
Richmond. Steve Majocha started a new job
with Neuberger Berman. Wesley Woo has left
Target to start Nauset Capital Partners, LP an
investment management firm.
This summer Darden is entering its 25th
year of commitment to the LEAD Summer
Business Institute—a three week intensive
Leadership, Education and Development youth
program in business. This program targets
high achieving rising high school seniors
from underrepresented communities across
the United States and Puerto Rico. Designed
as a “Mini-MBA,” the program is taught by
Darden faculty and supported by both staff
and students. The curriculum culminates in a
Business Plan Competition where the student
groups present an original business idea to a
panel of “Venture Capital” judges. The program
also includes company visits, guest lecturers
and discussions on University life and career
planning. (See: www.leadnational.org/index.
html for further information.) In the past the
program was co-directed by a faculty member
in the role of curriculum co-director and a
operations co-director. Dia Draper (formally in
Admissions) served in the operations position
and I coordinated the curriculum. This year we
will have a single director, Paul Harper, who
will design and coordinate all aspects of the
program. (I will stay on as a faculty advisor and
Alums in Italy gathered for a ‘Winter Event’: from left, Andrea Tellarini (D’05), Alessio Carbone (D’06),
Timothy Fratta (D’04) and Ana Carina, Walter Lucchi (D’99), Chiara and Davide Ambrosini (he will join
Class of 09),
teach in the program as well.) Paul is now in
his second year as a Ph.D. candidate here at
Darden. He has also served LEAD for two years
as head resident assistant and as an associate
director last year. I ask you all to welcome Paul
into his new role and to join us once again in
offering another summer of learning and fun
for our visiting LEADers.
’06
Ellie Off
Greetings Class of 2006! I am happy to
report some engagement news among
members of the class. Katherine Shirley
and B.T. Remmert are engaged and will
be getting married in August in Columbia,
SC. In addition, Kim Lau and Andy Bolt
recently decided to tie the knot as well.
Congratulations to both couples!
Please send your news to me at: ellie.off@
gmail.com.
On behalf of the class, I am saddened
to report that Rachel Maria Haberkern
Sherman, wife of Steven Sherman, died in an
automobile accident April 15. Rachel worked
for The Finance Project in Washington, DC as
a researcher and writer helping community
organizations across the country finance and
sustain local programs for children and families.
Rachel was a gifted singer and a wonderful
friend. She played soccer and ran marathons
to benefit The Leukemia & Lymphoma
Society, and was an active volunteer for
Planned Parenthood and the Junior League of
Charlottesville. A memorial service was held
April 21 at the Duke University Chapel. Rachel’s
family has asked that donations be made in
her memory to the National Multiple Sclerosis
Society or The Leukemia & Lymphoma Society.
www.darden.virginia.edu • 79
Keeping up to date
Address Updates
Moving? New job? Notify Alumni Rela-
tions by phone at (800) DARDEN3, by fax at
434.982.-2338, by email at DardenAlum@
darden.virginia.edu, or update your contact
information online at
www.darden.virginia.edu/alumni.
Alumni Career Services
Planning a career change or researching
other opportunities in your industry? The
Alumni Career Services (ACS) office can as-
sist you. Contact Herb Crowder by phone at
434.924.4878, by email
at CrowderH@darden.virginia.edu, or visit
the ACS Web site at http://www.darden.
virginia.edu/html/area.aspx?area=acs
Class Notes
Keep classmates up-to-date by sending
news to your class secretary, whose name is
listed at the top of your class notes column.
Or send your news directly to the school by
filling out the pre-addressed, postage-paid
“Have You Moved?” card that is in each issue
of Darden.
Alumni Web Site
Browse Darden’s alumni Web site at www.
darden.virginia.edu/alumni to locate former
classmates, catch up on chapter events, or
update personal information. Network with
fellow alumni in your area and take advan-
tage of speakers, seminars, and chapter
programs. If you need your username
or have password questions, please contact:
Alumni Relations, dardenalum@darden.
virginia.edu or call 800.DARDEN3.
Development
To make a gift to Darden or to receive infor-
mation about planned giving, contact the
Development Office at 800.DARDEN3, De-
velopment@darden.virginia.edu, or make a
contribution online at http://www.darden.
virginia.edu/html/infofor.aspx?info=giving.
Executive Education
Develop your executives and grow your
business through Darden Executive Educa-
tion. Programs include open courses and
firm-wide custom options. For informa-
tion call 434.924.3000 or send an inquiry
to Darden_Exed@darden.virginia.edu.
Find upcoming programs at www.darden.
virginia.edu/exed..
MBA for executives
The first class has started its 21-month
experience in the Darden MBA for Execu-
tives program. Visit www.darden virginia.
80 • DARDEN
DARDEN Fall 2006 2007
Spring
edu/MBAexec, or email MBAExec@darden. Awards from the 2006 Annual Funds
virginia.edu for information.
The Darden School
Admissions
2006 Outstanding Participation
For information about the MBA or joint
Harry Lewis ‘57
degree programs visit www.darden.virginia.
edu/mba. For MBA admissions information, The Darden School
2006 Highest Dollar Amount
call 800.UVA.MBA1 or email questions to
darden@virginia.edu. Henry Benner ‘66
The Darden School
Career Development Center 2006 Outstanding Participation
Interested in recruiting MBA students at Hugh Ewing ‘71
Darden? Contact the Career Development
Center at 434.924.7283 to schedule a com- The Darden School
2006 Outstanding Participation
pany briefing or student interviews.
Mike DeCola ‘77
Darden Merchandise
The Darden School
To order Darden, a Pictorial History of the 2006 Highest Dollar Amount
University of Virginia’s Darden Graduate Jim Kluttz ‘74
School of Business Administration contact
the Darden Exchange Bookstore by phone The Darden School
2006 Outstanding Participation
at 434. 243.5515, by email at dx@darden.
virginia.edu. The Pictorial History was writ- 2006 Highest Dollar Amount
Brian Cowan ‘91
ten by Mark Reisler, the Darden School’s
associate dean for administration. Darden The Darden School
insignia products are also available through 2006 Outstanding Class Secretary
the bookstore. Stuart Quarngesser ‘57
The Darden School
Darden Business Publishing
2006 Outstanding Alumni Chapter
Representing a broad range of industries
Richmond, VA Chapter
and companies, Darden Business Publish-
Matthew Markee ‘01
ing provides faculty instructors, corporate
Jennifer McEnery
trainers, and individuals with an exten-
sive selection of educational tools. Many The Darden School
2006 Outstanding Alumni Chapter
cases are accompanied by teaching notes,
spreadsheet diskettes, videos, and CD- Washington, D.C. Chapter
Rebecca Kilduff ‘93
ROMs to intensify the classroom learning
experience. For more information or to Abby Rohman ’04
purchase materials, call 800.246.3367, or The Darden School
visit www. dardenpublishing.com 2006 Outstanding International
Alumni Chapter
Japan
Takahisa Koitabashi ‘93
The Darden School
2006 Outstanding “Call to Action”
Alumni Chapter
Charlotte, NC Chapter
Katie Bisbee ‘04
Buddy LeTourneau ‘73
 PROFILE IN LEADERSHIP
John Macfarlane (MBA ’79)
J ohn Macfarlane III (MBA ’79) begins a two-year
term as chairman of the Darden Foundation Board
of Trustees on July 1.
In advance of his appointment, Macfarlane
shared his thoughts on the state of the school, the
reorganization of the board, and what he hopes will be
accomplished during his term.
“The Darden School and the Darden Foundation
are at an inflection point,” he said. “We have a new
dean who has generated significant momentum for
the school, both in raising its national profile and in
increasing the number and quality of MBA applicants.
The foundation has just completed a very productive
three years under the direction of Bill Goodwin and
Ann Taylor. We have hired new senior staff—Vice
President for Finance Laura Terry, CEO of Executive
Education David Newkirk, and Vice President for
Development Jay Gundy. We have strengthened
procedures and controls, and are in the process of
completing a Memorandum of Understanding which
will clarify the relationships between the School,
the Foundation and the University. This work will
create a solid foundation for the next chapter of the
school’s development, which is to conduct a successful
capital campaign, the primary purpose of which will
be to create endowments for scholarships and new
centers for learning. Beyond the capital campaign,
the Foundation’s Board hopes to provide important
strategic guidance and assistance to the dean and to
the faculty in the development of Darden’s programs.
Lastly, in working closely with Vice President of
Alumni Relations Michael Woodfolk and the Alumni
Board, we aim to strengthen relationships with
our most important constituents—our alumni, our
corporate supporters and prospective students.”
Macfarlane, who has served as a Darden trustee
since 2001, said he also hopes, through new trustee
recruitment, to broaden and strengthen the skill sets of
the board and to restructure committees “to orient our
work in a way that will be most helpful to the mission
of the foundation and to the school.”
Prior to assuming his current responsibilities
on the board, Macfarlane chaired the Foundation’s
Investment Committee and was instrumental in the
creation of the Darden Jefferson Scholars program
—the most generous scholarship package the school
offers. He also serves on the Board of Trustees and on
the Executive Committee of The University of Virginia
Investment Management Company (UVIMCO), a
foundation that provides investment management
services to the University.
“When asked about my Darden experience the
one word that comes to mind is ‘transformational,’”
he said. “Darden took a classical studies major from
Hampden-Sydney College, with very little knowledge
of business, and gave me the confidence and the tools
necessary to build a career in financial services. I feel a
tremendous sense of gratitude to the school and to the
professors who gave so unselfishly of their insights and
of their time.”
Macfarlane is chief operating officer of Tudor
Investment Corp. and co-chairman of the firm’s
Management Committee. Prior to joining Tudor in
1998, he was with Salomon Brothers for 18 years.
Macfarlane received Darden’s Rosenthal Fellowship
for innovation in the field of finance in 1989.
 Congratulations to the Class of 2007

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