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Booth in the News, Spring 2010, Vol. 1

(Covering February 9 to March 28, 2010)

Here are highlights of the latest Chicago Booth news coverage. The digest below represents only a portion of recent coverage.

Section 1: News coverage of Chicago Booth.

  • FOX BUSINESS NETWORK. Dean Snyder was interviewed live for seven minutes in a segment titled “Training the Business Leaders of Tomorrow,” broadcast February 17. Throughout the financial crisis, Chicago Booth has maintained its focus on what has made the school great, Dean Snyder said. Read more
  • BLOOMBERG BUSINESSWEEK. Chicago Booth was featured in an article headlined “Why MBAs are Going East,” published March 11. “At premiere institutions such as the University of Chicago’s Booth School of Business, the University of Pennsylvania’s Wharton School, and Northwestern’s Kellogg, the percentage of MBAs taking jobs in Asia … has more than doubled in the past five years,” article said. “The University of Chicago’s Booth School is seeing so much interest from Chinese companies that it recently opened a career services office in Hong Kong.” Read more
  • BLOOMBERG BUSINESSWEEK. Chicago Booth was one of the schools featured in a story headlined “Three Top B-Schools Look for New Deans,” published March 25. Dean Snyder, who will complete his service as dean on June 30, “enhanced Chicago’s global presence and impact” and “has also been able to attract and retain elite faculty, a big reason for Chicago’s jump to the top of Bloomberg BusinessWeek’s MBA rankings,” the article said. Read more
  • FINS.COM (a service of The Wall Street Journal). Chicago Booth was featured in an article headlined “Foot in the Door: The Perfect Private Equity Resume” The performance-driven culture within private equity firms can create a stressful work environment so hiring managers look for candidates that are a perfect fit all around, said Jessica Henry, senior associate director of Booth career services. “Don’t ever underestimate the ‘additional info’ section of your resume,” she said in the February 22 article. “Include something that’s not necessarily academic; a lot of the time people want to talk about that.”
  • FINANCIAL TIMES. Chicago Booth was featured in an article about executive in residence programs enabling retired executives to offer career advice to students. At Booth, executives in residence spend two or three days working with the school’s career services center to provide job-related advice to students, the February 14 article said. Three executives have already participated in the program and more are scheduled in the coming months. Read more
  • FINANCIAL TIMES. The $300 million gift to Chicago Booth in 2008 from alumnus David Booth of Dimensional Fund Advisors was made “in recognition of the fact that Dimensional’s investment philosophy derives from the teaching of (Booth professor) Eugene Fama,” according to an article published March 7. “Professor Fama remains an adviser to Dimensional while several Chicago Booth faculty members sit on the group’s board,” the article said. Dimensional has more than $164 billion in assets. The article about the Booth gift accompanied a larger story about Dimensional’s performance. Read more
  • FINANCIAL TIMES. Dean Snyder was cited in an article about business school deans, headlined “A difficult job – but someone has to do it,” published March 22. “Professor Snyder, widely regarded as one of the most effective business school deans, believes the job has become tougher,” the article said. “In particular, he says, there is a growing concern among deans at the top schools about the shift from worrying about business school finances to worrying about the financial situation of the university as a whole.” Read more
  • CHICAGO TRIBUNE. A feature article about the Hyde Park Angels, an angel investing firm formed in collaboration with Booth’s Polsky Center for Entrepreneurship, was published February 17. “Seven master’s of business administration students from the U. of C.’s Booth School of Business got the idea after being shocked to find so few early-stage investor groups in a city with so many premier universities and research facilities,” the article said.
  • CHICAGO SUN-TIMES. A conference titled “Financing Family Farm to Fork Expo,” co-sponsored by Chicago Booth’s Polsky Center for Entrepreneurship, was featured in an article headlined “Annual expo unites local farmers, chefs and consumers,” published March 10.
  • CHICAGO TRIBUNE. Chicago Booth’s Midwest Alternative Energy Venture Forum was featured in an article headlined “Matt Rogers: The man with the big green checkbook,” published March 22. “You probably don’t know Matt Rogers,” the article said. “but maybe you should.” Read more

Section 2: News coverage quoting Chicago Booth faculty.

  • THE NEW YORK TIMES. Professor Richard Thaler wrote the Economic View column headlined “The Buried Treasury in Your TV Dial,” February 28. “By simply reallocating the way we use the radio spectrum now devoted to over-the-air television broadcasting, we can create a bonanza for the government and stimulate the economy …” Professor Thaler wrote. Read more
  • THE WALL STREET JOURNAL. Professor Anil Kashyap was quoted in a front-page story headlined “Bailout Anger Undermines Geithner.” The Treasury Secretary’s approach to stabilizing the financial system, particularly the “stress tests” to measure bank health, helped put a floor underneath the crisis, something even critics concede, the article said. “It’s true that we’ve avoided Armageddon,” said Professor Kashyap, who was identified as an initial critic of Geithner’s plan. The article was published February 21. Read more
  • INDIA TODAY (New Delhi). Professor Raghuram Rajan was featured in an article headlined “The Top 20 Overseas Indians.” The article referred to him as “The Wizard,” in part because he was one of the few economists to warn of the impending collapse of the world’s financial system. Indian Prime Minister Manmohan Singh regularly refers to Professor Rajan’s speech “India – A Hub for Globalization,” where he laid out steps to be taken to make India one of the top three economies in the world, the article said. It was published in the March 22 issue of this magazine. Read more
  • THE NEW YORK TIMES. Professor Randall Kroszner was quoted in an article about the surprise move by the Federal Reserve to raise the interest rate it charges on short-term loans to banks. “This is a technical change that makes sense as a precondition for other changes, but it is not a precursor of short-term change,” he said in the article published February 19. Professor Kroszner was a Fed governor from 2006 to 2009. Read more
  • BLOOMBERG BUSINESSWEEK. Clinical Professor James Schrager was quoted in an article about Edward Lampert, the hedge fund manager who merged Kmart and Sears. “If he has a strategy other than cutting costs, I haven’t seen it,” Professor Schrager said. “What is their concept?” The story was published March 25. Read more
  • CNBC EUROPE. Professor Randall Kroszner discussed the recent discount rate hike by the Federal Reserve during a 10-minute interview broadcast February 22. It was a technical move and is not a precursor of short-term change, he said. Read more
  • CNBC INDIA. Professor Raghuram Rajan said the core structural problems that got the U.S. into the recent financial crisis “are still there.” He made his remarks during an interview broadcast on the Forbes India program, February 13. Read more
  • THE WALL STREET JOURNAL. Professors Anil Kashyap and Randall Kroszner testified before the Financial Crisis Inquiry Commission on what led to a near meltdown of the global economy. Highlights of what they said to the commission, along with highlights from other speakers, were featured in this article published February 27. Links to full text of each speaker can also be found here. Read more
  • THE NEW YORK TIMES. Professor Anil Kashyap was quoted in an article headlined “White House Offers Bill to Restrict Big Banks’ Actions,” published March 3. “The bill is sufficiently ambiguous as to be practically unenforceable, so that it appears to be more about grandstanding to score political points than an attempt to really improve the regulatory toolkit,” Professor Kashyap said. Read more
  • BBC RADIO. Professor Randall Kroszner discussed how the Federal Reserve can exit gracefully from the stimulus without threatening the recovery, during a February 23rd interview in London broadcast globally on BBC World Service. Read more
  • CBS NEWS.COM. Professor Anil Kashyap testified to the House Financial Services Committee that the Federal Reserve should keep its banking oversight. “Stripping the Fed of its role in bank supervision would be a step in the wrong direction,” he said in an article distributed March 17. However, he told the committee that consumer-protection oversight should be handled by some other agency, not the Fed. Testifying with Professor Kashyap was Fed Chairman Ben Bernanke. Read more
  • NATIONAL AFFAIRS. Professor Luigi Zingales wrote an op-ed titled “Curbing Risks on Wall Street,” published in the Spring issue. “At the heart of the meltdown were the financial industry’s distorted incentives – created in large part by decades of misguided government policy – which caused bankers and investors to take enormous risks without due regard for their consequences,” he wrote. Read more
  • THE NEW YORK TIMES. Professor Raghuram Rajan was quoted in an article headlined “Global Crisis Leads I.M.F. Experts to Rethink Long-Held Ideas,” published February 22. The International Monetary Fund has long preached the virtues of keeping inflation low and allowing money to flow freely across international boundaries, the article noted. But recent research has questioned that advice. Allowing higher inflation might not be well received, Professor Rajan said. “With bond markets worried that governments may inflate their way out of their debt obligations, this is probably not a good time for central banks to start debating their inflation targets,” he said. Professor Rajan was chief economist of the I.M.F. from 2003 to 2007. Read more
  • PBS NEWSHOUR. Professor John Cochrane was interviewed live on the first anniversary of the economic stimulus plan. “It may have been politically effective, but the idea that it was going to raise output or increase employment, I don’t think has panned out. So I would give it a net zero on those questions,” he said. When asked whether the stimulus helped stave off the possibility of a second depression, Professor Cochrane responded “I don’t think that claim is true.” The interview was broadcast February 17. Read more
  • THE NEW YORK TIMES. Professor Anil Kashyap was quoted in an article headlined “Fed to Reveal Its Strategy for Raising Interest Rates,” published February 10. The Fed is winding down many lending programs it enacted which in essence created new money. “The Fed’s great worry is that instead of holding onto these reserves, the banks would decide they’d rather take the money they’re tying up and lend it out,” Professor Kashyap said. If they did that, “you’d see broad measures of money growing quickly, and presumably that would be the start of having some inflation.” Read more
  • THE ECONOMIST. Professor Lubos Pastor was cited in a financial risk story headlined “When the river runs dry: The perils of a sudden evaporation of liquidity,” published February 13. “Academics such as … Lubos Pastor at Chicago’s Booth School of Business and others were doing solid work on liquidity shocks (before the latest crisis), but practitioners barely noticed,” the article said. Read more
  • THE ECONOMIST. Professor Douglas Diamond was also quoted in the financial risk story (see above) February 13. “Financial crises are almost always and everywhere about short-term debt,” he said. Read more
  • THE ECONOMIST. Professor Christian Leuz was quoted in an article headlined “Fingers in the dike: What regulators should do now,” published as part of a special section on financial risk February 13. There is a case for decoupling capital and accounting rules, he said. This would give bank regulators more discretion to accept alternative valuation methods yet still allow investors to see the actual or estimated market value. Read more
  • THE WALL STREET JOURNAL. Professor Steven Davis was quoted in an article saying the specter of a long period of high unemployment is reviving interest in an old idea: The Works Progress Administration, which put millions to work during the Great Depression. “(Y)ou have to remember we’re starting from a very different position than we were in the 1930s,” he said. “The government is just enormously larger and that has implications for what the right thing to do is.” The story was published March 8. Read more
  • THE NEW YORK TIMES. Professor Randall Kroszner was quoted in an article headlined “Obama Focuses on 3 to Fill Fed Board,” published March 12. “What they’ve done is try to put together a package of people who play to different strengths: analytic economics with (Janet) Yellen; a broader economic perspective with (Peter) Diamond; and then, clearly, a focus on consumer protection with (Sarah Bloom) Raskin,” he said. The article identified Professor Kroszner as a former Fed governor who knows all three of the candidates. Read more
  • BARRON’S. Research by Assistant Professor Robert Novy-Marx was featured in the cover story headlined “The $2 Trillion Hole: Promised pensions benefits for public-sector employees represent a massive overhang that threatens the financial future of many cities and states.” Professor Novy-Marx found that the funding gap for state pension plans might exceed $3 trillion, in part because state funds are using an unrealistic long-term annual investment return of 8% to compute the present value of future payments to retirees, as is permitted in government standards for pension-fund accounting, the March 15 article said. Read more
  • THE WALL STREET JOURNAL. Research by Assistant Professor Robert Novy-Marx (see item above) was cited in an editorial headlined “The Government Pay Boom,” published March 26. Read more
  • FINANCIAL TIMES. Professor Randall Kroszner was quoted in an article headlined “Fed appointments hold key to exit strategy,” published March 3. “The administration will be sensitive to how the markets will react to their choice (to fill vacancies on the Federal Reserve Board),” he said. “They are aware that they need a balanced perspective because there are costs associated with going too far in either direction.” Read more
  • THE WALL STREET JOURNAL. Recent research by Professor Tobias Moskowitz was featured March 10. “You wouldn’t expect a study by a University of Chicago finance professor to generate a quick response from an NBA owner,” the article said. “But Tobias Moskowitz says the Dallas Mavericks’ Mark Cuban ‘emailed me in about two minutes’ after he learned of the study’s findings. The paper’s primary claim? That NBA officials essentially swallow their whistles late in games. ‘I’m always interested in any data that makes me smarter about our sport,’ Mr. Cuban says.” Read more
  • THE NEW YORK TIMES. Research by Assistant Professor Richard Holden was featured in an article headlined “Californians Compete for a Shot at Redistricting,” published March 3. Redrawing legislative districts in California is clearly daunting, the article said. Professor Holden’s research concluded that the number of possible ways to construct political districts in the country’s most populous state was “larger than the number of atoms in the universe.” Read more
  • CHICAGO TRIBUNE. Professor Raghuram Rajan’s on-campus discussion with Henry Paulson, former Treasury Secretary, was featured in an article headlined “Paulson challenged on execution of bailouts: Banks were treated with kid gloves, University of Chicago finance professor tells former Treasury secretary.” The article was published February 25. Read more
  • CNBC. Professor Randall Kroszner was one of the guests in a segment titled “The Fed: Doves vs. Hawks,” broadcast March 8. His appearance comes 3-1/2 minutes into the segment. Watch the video
  • CHICAGO TRIBUNE. Professor Austan Goolsbee, on leave serving as a senior aide to President Obama, was profiled in an article headlined “U. of C. professor makes the grade in inner circles of White House,” published February 24. Professor Goolsbee “is one of the few people who can be direct with the president,” the article said.< Read more
  • TIME MAGAZINE. Research by Assistant Professor Emily Oster was featured in a section headlined “10 Ideas for the Next 10 Years: A thinker’s guide to the most important trends of the new decade,” published March 10. Television is changing lives for the better, the article said. In India, Professor Oster found that when cable TV reached villages, women were more likely to go to the market without their husbands’ permission and less likely to want a boy rather than a girl, according to the article. Women were more likely to make decisions over child health care and less likely to think that men had the right to beat their wives. Read more
  • CHICAGO TRIBUNE. Professor James Schrager was quoted in an article about the recent burst of entrepreneurship activity in Chicago. “All this stuff is happening now because jobs are hard to find,” he said. “If you can’t get a job, you have only one option: Turn what you do into a business.” The story was published March 15. Read more
  • LOS ANGELES TIMES. Professor Luigi Zingales was quoted in an article headlined “More homeowners are opting for ‘strategic defaults,’” published March 17. Underwater on their mortgages and angry at banks, more borrowers are choosing to hand over the keys, even if they can afford the payments, the article said. “The fact that people are strategically defaulting—there is no question,” Professor Zingales said. “The risk that the number of people doing this might explode is significant.” Read more
  • ASSOCIATED PRESS. Professor Steven Kaplan was quoted in an article headlined “KKR to list shares on NY exchange.” Previously KKR and its European unit traded as a combined company on the Euronext Amsterdam. An NYSE listing would make it easier for founders Henry Kravis and George Roberts to pare down their stakes because it’s much easier to buy and sell shares on the NYSE than on Amsterdam’s smaller exchange, Professor Kaplan said March 12. Moreover, it’s more convenient for the company to pay employees in its principal office in New York with U.S.-listed shares, he said. Read more
  • CHICAGO TRIBUNE. Professor John Cochrane was quoted in an article about the decline in core consumer prices during January, the first decline since 1982. He has his eye on the 2.6 percent growth in year-over-year prices and is watching to see if it’s the start of inflation. “A year ago was a great time to buy a car,” Professor Cochrane said. “Now we see a rebound.” The article was published February 19. Read more
  • BLOOMBERG BUSINESSWEEK. Professor Randall Kroszner’s views on the budget deficit were featured in an article headlined “Kroszner Says U.S. Must Appease ‘Wary’ Markets Soon.” The U.S. will see borrowing costs on its debt rise “a lot” if President Barack Obama fails to set out soon measures to bring the record budget deficit under control, he said in the February 22 article. Read more
  • MARKETPLACE RADIO. Professor Douglas Diamond was featured in a story titled “What Citi really got from the bailout,” broadcast March 4. Read more
  • BLOOMBERG TV. Professor Randall Kroszner said we could see movement toward higher interest rates near the end of this year or the beginning of next year. “Unfortunately unemployment is probably going to stay high for quite some time,” he said during an appearance February 19.
  • BLOOMBERG NEWS. Professor Steven Kaplan was quoted in a story saying Fortress Investment Group may have to contribute at least $150 million to Intrawest, the owner of a skiing venture it bought in 2006, to avert bankruptcy or foreclosure. “Investors are being asked to throw more good money after bad, which they can’t be happy about,” he said. The story was published February 19. Read more
  • MSN MONEY. Professor Steven Davis was quoted in an article about the spring employment outlook. The economy should be registering a gain of about 100,000 jobs a month, the article said. But the recovery may seem uneven. “People’s attitudes toward society and the government are altered when they’re receiving (unemployment) benefits for a long time,” he said. “This translates into people who become long-term wards of the state … slowing growth of the economy.” The article was published March 3. Read more
  • BLOOMBERG BUSINESSWEEK. Professor Steven Kaplan was quoted in an article about two recent Blackstone IPOs that ran into trouble. “Blackstone’s job is to give money back to their investors, so this is not great for them,” he said in the February 11 article. “The window opened and they tried to climb through it. Now that window’s closed somewhat.”
  • PEOPLE’S DAILY (China). Research on the financial crisis by Professor Luigi Zingales was cited in an editorial headlined “Global capitalism in crisis needs to be re-examined.” Read more
  • FINANCIAL TIMES. Professor Haresh Sapra was featured in an article headlined “Wanted: A new economic model,” published March 28. He suggests valuing illiquid securities by some kind of average, for instance between fair value and historic cost accounting, the article said. His second suggestion is to base executive bonus payments on longer-term performance. Read more
  • BLOOMBERG BUSINESSWEEK. Professor Steven Kaplan was quoted in an article about the slow pace of corporate mergers and acquisitions. Buyout funds sitting on half a trillion dollars committed by investors may need more than a decade to put the money to work, according to the article. “Unless things really change, larger funds will be especially hard pressed to put their money to work,” Professor Kaplan said in the article published March 10. Read more
  • BLOOMBERG BUSINESSWEEK. Professor Raymond Ball was quoted in an article about the audit work performed by Ernst & Young for Lehman Brothers Holdings. Lehman’s bankruptcy examiner said he found credible evidence of malpractice by Ernst & Young, the article said. The examiner “is an interested party” trying to help creditors recover money, Professor Ball said in the March 18 article. “One of the ways to do that is to sue accounting firms.” Read more
  • THE DALLAS MORNING NEWS. Research by Assistant Professor Adair Morse was featured in an article headlined “Whistle-blowers find more corporate fraud than regulators, study finds.” Professor Morse analyzed 216 cases of corporate fraud, including Enron, WorldCom and HealthSouth cases, the article said. She found that employees were the whistle-blowers in 17 percent of the cases – the highest percentage of any of the players. The article was published March 22. Read more

Section 3: Chicago Booth students and alumni in the news.

  • THE WALL STREET JOURNAL. A large photo of Brady Dougan, MBA ’82, accompanied a story headlined “Credit Suisse Roars Back to the Black,” published February 12. He is CEO of the company. “Credit Suisse Group, which emerged from the financial crisis among the world’s strongest banks, swung to a fourth-quarter net profit despite a slowdown in investment-banking activity late last year that undercut the solid performance of its private bank,” the article said. Read more
  • ENTREPRENEUR MAGAZINE. Three members of the Booth Class of ’08 were featured in an article headlined “From the Blackboard to the Boardroom: 7 entrepreneurs who hatched their concepts with the support of their business schools continue to find success outside ivy-covered walls.” The article featured ReTel Technologies, founded by George Aspland (CEO) with his Booth classmates Adam Rodnitzky (CMO) and Scott Roberts (CTO). See #5 on the page linked below. The article appeared in the April issue. Read more
  • WBBM-TV (CBS-2 Chicago). Matt Maloney, an Evening M.B.A. student and co-founder of GrubHub, discussed his new company during an appearance on the CBS Monsters and Money show February 23. Type GrubHub in the search box on the page below.
  • WWL-TV (New Orleans). Bradley Feingerts, a current MBA/JD student, was featured in a story about MBA students who volunteered during New Orleans Entrepreneurship Week. The broadcast aired March 21.
  • FINANCIAL TIMES. Bassam Yammine, MBA ’94, was profiled as a Power Player, in an article headlined “Getting credit in the Gulf,” March 5. He is Credit Suisse co-CEO of Middle East operations and head of investment banking and asset management in the Gulf. The article noted that he earned his MBA from the University of Chicago. He also is a member of Booth’s Global Advisory Board. Read more
  • THE WALL STREET JOURNAL. Jon Corzine, MBA ’73, former governor of New Jersey, was named CEO of MF Global Holdings Inc., the world’s largest independent futures brokerage, according to an article published March 24. Before entering politics, Corzine was CEO of Goldman Sachs. Read more
  • THE WALL STREET JOURNAL. Brady Dougan, MBA ’82, CEO of Credit Suisse Group, was awarded $17.9 million in cash and stock for 2009, according to an article published March 25. The payout “reflects, in part, the bank’s recovery from the financial crisis,” the article said. Read more
  • WLS-TV (ABC-7 Chicago). Avi Stopper, MBA’ 06 was featured on the 10 p.m. newscast March 8 in a segment about local entrepreneurs. He is the founder of CaptainU, one of the companies located on campus in the Polsky Center’s business incubator. Stopper was also featured in a Chicago Tribune article March 15. Read more
  • THE WALL STREET JOURNAL. Eric Gleacher, MBA ’67 was featured in an article headlined “Mr. Gleacher, Your Tee Times Have Been Canceled,” published February 22. “We suspect Eric Gleacher is going to be spending a lot less time on the golf course,” the article said. “A former board member of the U.S. Golf Association who hits the links most weekends, Gleacher has taken over the CEO reins at Broadpoint Gleacher Securities Group.” He founded the firm and previously served as chairman. Read more
  • THE WALL STREET JOURNAL. Paul Purcell, MBA’ 71, was featured in an article headlined “Before They Were Titans, Moguls and Newsmakers, These People Were … Rejected,” published March 24. “Paul Purcell, who heads one of the few investment-advisory companies to emerge unscathed from the recession, Robert W. Baird & Co., says he interpreted his rejection years ago by Stanford University as evidence that he had to work harder,” the article said. He graduated from the University of Notre Dame and went on to receive an MBA from Chicago Booth. Read more
  • FINANCIAL TIMES. Alfredo Moreno, MBA ’82 was appointed foreign minister of Chile, according to an article published February 10. He is a director of retailer Falabella and will serve in the administration of new Chilean president Sebastian Pinera.
  • THE NEW YORK TIMES. Howard Marks, MBA’69, was featured in an article headlined “Oaktree’s Chairman Urges Faith – and Restraint,” published February 10. “Howard Marks may be cautiously optimistic about the economic recovery, but he still warned fellow private equity executives to exercise restraint on leverage and to see the current market rally for what it is: cyclical,” the article said. Read more
  • CHICAGO SUN-TIMES. Steven Koch, MBA ’82, was appointed by President Obama to serve as a member of the Recovery Independent Advisory Panel, according to a March 6 article. Koch is vice chairman of Credit Suisse.
  • USA TODAY. J. Patrick Doyle, MBA ’88, Evening MBA Program, spent his first days as new CEO of Domino’s Pizza traveling to India and Saudi Arabia, according to an article published March 22. “In the next three to five years, our sales outside the U.S. will surpass our sales here,” he said. The article mentioned that he received his MBA from the University of Chicago. Read more
  • BUSINESS WIRE. Vasant Prabhu, MBA ’83, added the title of vice chairman to his role as CFO of Starwood Hotels & Resorts Worldwide, Inc., according to an announcement March 4. Before joining Starwood 2003, Prabhu was executive vice president and CFO of Safeway Inc., a large food retailer.
  • INVESTMENT DEALERS DIGEST. Michael Petrick, MBA ’87, Evening MBA Program, has joined the Carlyle Group as a managing director and global head of credit alternatives and capital markets, a new position, according to a March 12 article. He becomes a member of Carlyle’s operating committee. He spent 20 years at Morgan Stanley, where he became global head of institutional sales in 2008, the article said.
  • INVESTMENT DEALERS DIGEST. John Momtazee, MBA ’97, was listed among the “Forty Under Forty,” according to an article published March 19. He is managing director of Moelis & Co., an investment bank. Momtazee met Ken Moelis while he was a student at Chicago Booth, the article said.
  • PR NEWSWIRE. Hugh Johnston, MBA ’87, was named CFO of PepsiCo., according to an announcement March 16. Previously he was president of Pepsi-Cola North America Beverages.
  • BLOOMBERG BUSINESSWEEK. Chris Boudreaux, MBA ’02, published an article on social media management headlined “Defeating the Dark Side of Social Networking,” March 25. Read more
  • FINS.COM (A service of The Wall Street Journal). Former NFL player Bryce Fisher, MBA ’11, was featured in an article headlined “From Pads to Pinstripes: NFL Players Make the Move to Finance,” published March 1. “If I really want to be the best, I needed to get an MBA,” Fisher said. “That’s how I ended up at the University of Chicago Booth School of Business.”