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Alumni Connections - No. 96 - July 2012

Alumni Connections is a sampling of alumni news. Alumni on the Move, Alumni to Know, CEO Watch: Taking the Lead, and CEO Watch: Making Headlines share news gleaned from media online and in print, including news submitted to Chicago Booth Magazine. Submit information about yourself or fellow alumni to editor@chicagobooth.edu.

Alumni on the Move

Air Liquide:
Karen Katen, AB ’70, MBA ’74, has been renamed to the board of directors for another four-year term. The industrial gas supplier is headquartered in Paris.

American Express Company:
Anthony Caudle, ’94, has been named vice president, global strategy and business development. Headquartered in New York, the company is a provider of payments, travel, and expense management solutions.

Aratana Therapeutics: Craig Tooman, ’92, has been named to the board of directors. A biotech company developing medicines for companion animals, Aratana is based in Kansas City, Kansas. Tooman is senior vice president and CFO of Ikaria, Inc.

The Carlyle Group: Daniel Harris, ’00, has joined as managing director and head of public market investor relations. The asset management firm is headquartered in Washington DC.

Challenger, Gray Christmas Inc.: Raheela Anwar, ’93, has joined as vice president. Headquartered in Chicago, the firm is the first outplacement consulting firm in the United States.

Florida Venture Forum: Carolyn Mathis, ’93, has been named a member of the board of directors. The support group for venture capitalists and entrepreneurs is based in Tampa. Mathis is a partner with Harbor View Advisors in Ponte Vedra, Florida.

Furniture Brands International: Vance Johnston, ’96, has been appointed senior vice president and CFO. The home furnishings company is headquartered in St. Louis.

The Hartford:
Brion Johnson, ’85, has been promoted to chief investment officer and president of Hartford Investment Management Company. Johnson was CFO and head of strategy and development. The insurance-based financial services company is headquartered in Hartford, Connecticut.

Janus Capital Group, Inc.:
Soonyong Park, ’97, has joined as institutional client strategist. The financial services company is headquartered in Denver, Colorado.

Kohler Co.:
James Marks, ’06, has been named controller. The company makes plumbing fixtures for kitchens and bathrooms. It is headquartered in Kohler, Wisconsin.

McDonald’s:
Dave Hoffman, ’96, has been promoted to president of Asia/Pacific, Middle East, and Africa regions from senior vice president for restaurant support in those regions. The fast food restaurant chain company is headquartered in Oak Brook, Illinois.

Morningstar, Inc.:
Kunal Kapoor, ’04, has been promoted to president of the data division from head of equity data business. The investment research provider is headquartered in Chicago..

Obama for America: Geoff Trukenbrod, ’01, has joined the president’s reelection campaign as chief financial and budget officer.

PPL Corporation:
Mark Wilten, ’94, has joined as treasurer and vice president of finance. Headquartered in Allentown, Pennsylvania, the utility company delivers electricity and natural gas in the United States and the United Kingdom.

Saxo Bank:
Dennis Malamatinas, ’79, has been appointed chairman of the board. He had been deputy chairman. The online bank is headquartered in Copenhagen, Denmark..

Stevia First Corp.: Richard McKilligan, ’93, has been appointed controller. Based in Sacramento, California, the agribusiness makes a zero-calorie sweetener.

White Lodging:
Thomas Riegelman, ’84, has joined as vice president of engineering and facilities management. The hotel development company is headquartered in Merrillville, Indiana.


Alumni to Know

T. Ross Archibald, MBA ’64, PhD ’69, has received the 2012 Frank S. Capon Distinguished Service Award for outstanding contributions to FEI Canada, an association for financial executives. Archibald is professor emeritus of the Richard Ivey School of Business at the University of Western Ontario.

Clifford Asness, MBA ’91, PhD ’94, weighs in on a new trend to add human analysis to purely quantitative, computer-driven investment decisions. “The cultures have a lot of difficulty combining,” Asness said in a May 21 Wall Street Journal article. He said his company, AQR Capital, doesn’t plan to use human analysts any time soon. The article said Asness “oversees more than $50 billion in assets invested in quant strategies.”

Tanja Boskovic, ’08, a BlackRock associate in London, chose Booth because she was looking for a business school with “a strong reputation in finance,” said a May 15 article in Business Because. Booth’s Full-Time MBA Program allowed her to switch from economic advisory roles, including posts with the World Bank, to her desired career path in finance. “Booth has a tradition of high teaching ability and because I did not have any previous experience in finance, I wanted to make the most of the opportunity,” she said in the article. She loaded her schedule with finance classes and started to bond with people outside of her assigned study group. “By the time I was leaving I had an amazing network, which was made enormous because it also included people from the Booth alumni and MBAs from other schools I met through events and extracurricular activities,” she said. At BlackRock she analyzes sovereign credit risks within the Eurozone, the article said.

Wai-Keung Cheng, ’73, chairman and managing director of Wing Tai Holdings, is attempting to buy 15 percent of the shares of his company that currently lie outside of family control. “In an offer document posted on the Singapore Exchange (SGX) website, Cheng said he was making the offer so that he and his six brothers, two of whom are also on Wing Tai’s board of directors, could gain statutory control of the company,” said a May 11 article in The Straits Times. The article said “investors reacted with glee to the news.”

Wayne Krawchuk, ’06 (EXP-11), owns and operates nine McDonald’s franchises on Vancouver Island, British Columbia, Canada. Krawchuk worked his way up at the fast food chain from teenage employee at Canada’s first franchise in Richmond to senior director in the Chicago corporate headquarters to an international position in the United Kingdom before deciding to own and operate his own franchises. A profile about Krawchuk appears on CGA, the website of the Certified General Accountants Association of British Columbia.

In the profile, Krawchuk explains his passion for accounting. “Accounting develops a skill set that allows you to use math to predict the future or truthfully explain the past. By being creative you can develop a predictive or explanatory model for almost anything,” he said. He cited the book Freakonomics by Steven Levitt, director, Chicago Price Theory, at the Becker Friedman Institute. In the book Levitt uses economic models to explain everyday situations. “I believe the combination of intuitiveness grounded in quantitative analysis has helped me in all my positions,” Krawchuk said, “and it’s what I like best about being an entrepreneur. I think of it as ‘freedom within a framework.’”

Feng Li, MBA ’04, PhD ’05, has received the Jones Research Scholar Award from the Ross School of Business, where he teaches intermediate financial accounting. The award honors scholarly excellence by a faculty member. ”

Susan Moore, ’93, recently received Taleo Corporation’s marketing impact award for the first quarter of 2012. Moore is senior director, global customer insight and marketing. Based in Dublin, California, the company offers staffing management software and cloud services.

Flutter lets music listeners play and pause music on iTunes and Spotify on their Macs using just an open palm. Mehul Nariyawala, ’05, cofounder of Flutter, envisions a gesture control program that goes much further than the current free downloadable software, according to an April 3 Technology Review article. Flutter uses the built-in webcam in computers and could eventually be used for a multitude of applications and games, the article said.

Pete Peterson, '51, Blackstone cofounder and former commerce secretary in the Nixon administration, held a fiscal summit May 15 in Washington DC. The summit drew leaders from government, policy, academia, and the media, including former President Bill Clinton. Republican presidential candidate Mitt Romney turned down an invitation to speak, said a May 14 Dow Jones News Service article. “We haven't yet seen a comprehensive plan, have we, at least I haven’t, on exactly what he’s proposing,” to reduce the deficit, Peterson said of Romney. “We would have loved to have had him at the summit explaining what he was going to do.” Peterson has established a foundation dedicated to addressing the deficit problem..

More and more business people are seeking inspiration and new ideas by meeting people from different fields at a growing array of festivals and lecture series. Tam Thao Pham, ’06, chief strategy officer in technology innovation at Deloitte, the professional services group, is one of them. She has been going to TED [Technology, Entertainment, Design] Long Beach and TED Global in Europe, according to a May 16 Financial Times article. She also organizes her own TEDx events (as such locally organized events are known) in Menlo Park, California. Pham also attended the Do Lectures in the United Kingdom in April. “I’ve lived the classic iterative ping pong between theory and practice, thinking and doing,” she told the Times. “As time has gone on, these idea conferences have become my new form of ‘study’ that inspires me to ‘do.’” Through attending the conferences, Pham said she can uncover ideas from outside her normal corporate boundaries.

Former banker and information technology company founder Jerry Rao, ’81, is taking his career in a whole new direction: building budget homes. He has created a Bangalore, India—based real estate company called Value " Budget Housing Corporation. “I wanted to do something big,” Rao said in an interview published June 11 in the Financial Express. “I wanted a preferably bottom-of-the-pyramid, scalable business. So I looked at health care, I looked at education, but somehow they did not excite me and then I thought of budget housing. And to me, this seemed the place where there were not many players who could make a disruptive kind of impact. So that was really the reason. I worked with Monitor, a consulting company, and we generated some scenarios and options. And it seemed to me that there is a fairly large demand in the peripheral urban India, where the income-to-house price ratio is completely distorted.”


A casino-themed fundraiser for the Dempster Family Foundation put on by Chicago Cubs pitcher Ryan Dempster drew the entire team roster, including chairman Tom Ricketts, AB ’87, MBA ’93, said a May 10 Chicago Tribune article. The foundation helps to improve the quality of life for children with 22q, a genetic disorder in which a child is missing chromosome 22q11.2. The fundraiser took place May 6 at the Palmer House Hilton Hotel in Chicago.


Guillaume Sainteny, ’02, has written a new book, In Defense of Eco-Taxation. A review on the website Goodreads says Sainteny “carefully disproves most of these criticisms [against eco-taxation], explaining why they are untrue or misleading, and uses concrete examples to highlight the efficiency—both environmental and economic—of this kind of tax. Conversely, the author shows the adverse effects on the environment of current taxation systems, which favor fossil fuels and slow down the evolution towards renewables and energy savings. Going further, he advocates for an increase in energy-tax’s share of overall taxes, arguing in favor of a modification of the existing tax structure, without raising total taxes.”


KPS Capital Partners is acquiring a US subsidiary of a German company. The subsidiary is ThyssenKrupp Waupaca Inc., which makes iron castings. Once the deal goes through, likely in the second quarter, the company will change its name to Waupaca Foundries. The timing is right for such a purchase because demand for iron castings is returning to, if not exceeding, pre-2008 levels, said David Shapiro, ’89, KPS cofounder and managing partner, in a May 15 Dow Jones article.


As a new columnist for AllAboutAlpha.com, Charles Skorina, ’76, founder of Charles A. Skorina " Co., recently interviewed Peter Stein, former chief investment officer for the University of Chicago. Skorina also recently led a fund of hedge funds for Pacific Alternative Asset Management Company (PAAMCO). Skorina asked what Stein had learned in his investment career and Stein discussed endowments. “Endowment and foundation investment offices are there to generate returns, not to set spending requirements; but it’s all related,” Stein said. “Each institution has specific needs and risk characteristics. Some were looking to the endowment for 20 percent to 25 percent of their yearly budget; some needed much less. But the big ones were all moving toward the same kind of portfolios: complex asset allocations with lots of alternatives to reap the ‘illiquidity premium.’”

Evive Health LLC, a designer of personalized, data-driven health care tools, has received the “Gold” designation from the Aster Awards for excellence in health care marketing and communications. The company was chosen from among nearly 3,000 entries. It was honored for a direct mail program to educate employees of the State of Nebraska about their health plan options, said a May 21 BusinessWire article. Evive was founded by Prashant Srivastava, ’05, who serves as chief operating officer.

The company also has received attention for its new “Know Your Options” personalized communications program. The program aims to educate consumers on when it’s best to use retail health clinics, urgent care centers, or emergency rooms. The goal is to reduce emergency department crowding and unnecessary use of resources, said a June 4 BusinessWire article. “Education is key to helping consumers make less costly and more practical choices in their health care decisions, but experience has shown that simply providing generic educational information isn’t enough,” Srivastava said. “Our new program includes the practical tools and personalized motivation necessary to truly change behavior in a very positive way.”

Evive had conducted a study with Booth that showed that employers can cut the number of unneeded emergency room visits through better employee education about their medical options. “Know Your Options leverages what we’ve learned from careful observations on how people actually make choices,” said Srivastava. “Effective communications must consider both content and context. When individuals are in a state of panic and deciding whether or not to go to an ER, information that we want them to consider must be available just at hand. Providing relevant personalized information about nearby in-network urgent care and retail health centers on a wallet card or key fob can significantly increase the likelihood of consideration of the alternatives rather than simply rushing to the ER.”


Chelsea Stoner, ’03, is a principal at Battery Ventures, which in June, financially backed XtremIO Ltd., a flash storage start-up that raised a $14 million Series B. XtremIO has since been bought by EMC Corp. for $430 million, said a May 16 Wall Street Journal article previously published in VentureWire.


The economy continues to improve, however, it is not doing so at as fast a pace as Wall Street would like, according to the Nightly Business Report broadcast on May 4. “The recovery continues. The private sector is continuing to generate jobs, but it’s muted,” said Diane Swonk, ’89, chief economist at Mesirow Financial. Transportation and warehousing jobs, which picked up in the aftermath of the Japan disaster, have fallen again. “We’re now back to a position where those inventories have been rebuilt. We don’t need as much of that activity. Some of those stocks are being drained and manufacturers are now just building to sell rather than rebuild inventory,” Swonk said. Austan Goolsbee, Robert P. Gwinn Professor of Economics and former chairman of the president’s Council of Economic Advisors, also appeared on the show and echoed Swonk’s opinion about recent employment figures. “I think it’s a natural reflection that compared to the end of last year things slowed down a bit,” he said. “They are still growing, they’re just not growing fast enough to really get progress in the labor market of any substantial form.”


Enrique Torres, ’08, an analyst at Green Street Advisors, ranked at the top of hotel and casino analysts in the Wall Street Journal’s Best on the Street contest. If there was a Rookie of the Year in the contest, Torres would have been it, said a May 10 Wall Street Journal article. Torres did well even while facing obstacles. Last year was his first covering hotel stocks, which suffered from concerns about the national debt in Europe and the United States, the article said. Compared to other analysts, Torres also was somewhat restricted by Green Street policy that limits its analysts to about the same number of buys as sells. "Our view is that no one really has a good enough crystal ball to know which way the market is going to move,"Torres said in the article. "We do feel that there is an ability to find mispricing at the company level within a sector using fundamental research. "



Tadas Viskanta, ’92, founder and editor of the investment blog Abnormal Returns, has written a book, Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere. The book calls investing the “last liberal art.” In a May 4 interview on the Advisor One website, Viskanta described how the use of data fits into that liberal art. “We are awash in data. You could even say we are in a bull market for economic and financial indicators. It seems like every week there is a brand new indicator that will purportedly help us better understand the economic world around us,” Viskanta said. “Despite all of this information I would argue that the vast majority of investors are not rigorous enough in their use of data,” but instead take an “ad hoc approach that leads to all manner of bad behaviors.”


Bruce Vojak, ’90, has co-written Serial Innovators: How Individuals Create and Deliver Breakthrough Innovations in Mature Firms. The June 4 Weekly Book List in The Chronicle of Higher Education says that Vojak’s book “draws on interview data in a study of employees, often at the mid-level of a mature company, who repeatedly create and deliver innovations.” Stanford University Press, which published the book, said on its website, “The text argues that the drive to routinize innovation has gone too far; in fact, so far as to limit many mature firms’ ability to create breakthrough innovations.”

These days, hackers can steal company data even through printers. So David Westlake, ’05, created Milwaukee—based Print Command, “a cybersecurity company that prevents network breaches via printers and other network nodes,” he told WisBusiness, a Wisconsin news site, in a May 10 article. Westlake, who is an Army veteran, said his company will do what it can to support veterans’ programs.


Lawrence Wu, PhD ’92, senior vice president, NERA Economic Consulting, is slated to speak at The Knowledge Group/The Knowledge Congress Live Webcast Series on August 28, according to a PR.com notification. Wu’s two-hour webcast will be entitled “Legal Series: Antitrust in 2012.”

The nutritional drink BOOST recently toured several Florida cities with the BOOST van, hoping to attract elderly customers. “We are excited to bring the Boost Sampling Tour to senior communities in Florida,” said David Yates, AB ’82, MBA ’87, regional business head for Nestle health science’s North American health care nutrition business. “It is an opportunity for seniors to learn about how our products can benefit them and have fun at the same time. Our whole purpose is to educate and inspire people to stay on the path to healthy living.” Yates made his comments in a March 28 PRNewswire story.


David Whiston, ’07, senior auto equity analyst at Morningstar, was named by the Wall Street Journal as one of the year’s Best on the Street analysts. Whiston ranked first for the second year in a row in the specialty retailers and services category, out of 74 other analysts, for his coverage of auto dealerships. The award is based purely on an analyst’s stock calls during the prior calendar year. Whiston’s buy call on Lithia Motors was ranked the fourth-best stock call of 2011 among the 44 number-one rated analysts in the survey. The Best on the Street analysts listing was published May 10.

WomenCorporateDirectors has launched a Global Nominating Commission to increase diversity on corporate boards. The commission consists of corporate board nominating chairs, CEOs, and board members. "With greater demand on boards and from boards to increase diversity, the Global Nominating Commission will be an important center of influence for nominating committees worldwide,"said Alison Winter, ’75, global co-chair and cofounder of WCD and a director at Nordstrom. The committee launch was announced in a PRNewswire article on May 2.


CEO Watch: Taking the Lead

Cynthia Collins, ’88
President and CEO
GenVec, Inc.

Collins was named chief in May. The biopharmaceutical company is headquartered in Gaithersburg, Maryland.


CEO Watch: Making Headlines

David Booth, ’71
CEO
Dimensional Fund Advisors

Booth was hailed as "one of the nation’s top entrepreneurs and philanthropists " in a May 21 article in The Press and Journal. When asked about his secret to success, Booth replied: " Surround yourself with good people and keep them, as they are hard to find."The article said that "costs are the investor’s biggest enemy and Dimensional recognizes this, offering some of the lowest cost funds available as a result of not wasting millions researching which company is going to do best. It builds funds that are highly diversified and avoids active buying and selling.

 

Richard Boyle, ’83 (xp-50)
Educational Management Corp.

The Minnesota nonprofit group has an 18-year-old agreement with the US government to collect on defaulted student loans. It received $1.1 million in 2010, said a May 15 Bloomberg article.

Jason Brown, ’09, MBA ’10
CEO
Gen110

The San Francisco–based company sells residential electricity by installing the power plants on its customers’ roofs, thereby stabilizing their utility costs by reducing the amount they would pay to a standard utility company to transport the power. The company was cofounded by Jasper Platz, ’09, who serves as chief operating officer. Recently Gen110 received an undisclosed investment amount from Kleiner Perkins Caufield " Byers, said a May 17 article from FinSMEs, a news blog about financing for small and medium enterprises. Gen110 has served more than 2,000 customers throughout California, the blog said.

Carlos Cabrera, ’89
Executive Chairman
Ivanhoe Energy

The heavy oil development and production company is working on a strategy to implement heavy to light technology. On May 9 the company signed a memorandum of understanding with Coban Oil and Gas, a Guatemalan company. The feasibility of a heavy to light technology facility in Guatemala is going to be assessed, to convert heavy Guatemalan oil. It is planned that at least 10,000 barrels a day of the crude oil would be upgraded, according to information from Ivanhoe’s website.

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Charisse Conanan, ’10
Cofounder and CEO
Smarteys

Conanan and cofounder Adrissha Wimberly, ’10, who serves as chief operating officer, talk about money management and budgeting for 20-somethings and 30-somethings in a May 11 BlogHer interview. “The story is a common one,” the two said. “While starting our careers, we experienced the pain that new graduates feel year over year when planning a paycheck. We were recent grads with new salaries and student loan debt, living in a new city with no clue on how to manage our money. Is it wise to keep 10 percent or 30 percent of a paycheck? Do I put away for retirement or pay down debt, and how much?” Smarteys was born out of the need to specifically guide new graduates or “millenials.”

"We turned to spreadsheets and other online services to help us ease the pain, automate budgeting, and become more financially responsible,"they said. "However, the existing services were cumbersome and disconnected, and they never answered the real questions: What is the best use of my paycheck? How much will I have left to spend after saving, paying down debt, and bills?"

Dean Curnutt, ’96
President and Founder
Marco Risk Adivsor

Curnutt has been named one of Institutional Investor’s 2012 Rising Stars of Hedge Funds. Curnutt and the other honorees will be awarded at a dinner and ceremony on June 21 and will be written about in the June issue of Institutional Investor.

Thomas Doctoroff, ’89
CEO
JWT

JWT is an advertising agency based in Shanghai, China. Doctoroff has written a book called What Chinese Want: Culture, Communism and China’s Modern Consumer. It’s opening line “What makes Chinese people tick?” is praised in a “Business Books” review May 14 in the Financial Times. The reviewer said, “Doctoroff tackles ten urban myths about the middle kingdom—and demolishes them one by one.”

Brady Dougan, AB ’81, MBA ’82
CEO
Credit Suisse

Swiss companies have been adjusting well to a strong Swiss franc, Dougan said. He pointed to decreasing loan loss provisions as evidence. “If you had dramatic strengthening of the Swiss franc, which we think is unlikely, you would of course see an impact,” Dougan said in a May 21 Dow Jones wire service article. “We feel good about corporate Switzerland.”

Seyi Fabode, ’10
CEO
Power2Switch

The website that lets consumers compare utility prices and switch to cheaper utility sources got some help from Brian Scalabrine, the Chicago Bulls player who stars in advertising for the service. (The promo spot is available on YouTube.) A May 13 “Daily Blend” article on the NESN website described the Scalabrine commercial, “Starring as the ‘White Mamba,’ a derivation of Kobe Bryant’s famous ‘Black Mamba’ nickname. In it, Scalabrine shows off some ping pong skills, flexes his muscle at dodge ball, and even performs telekinesis.” “Daily Blend” called Scalabrine’s performance “nothing short of electric.”

The company is planning to update its electricity bills starting at this summer’s end. The bills will use color charts to reflect the cheaper cost of electricity when purchased from an alternative supplier. “The plan is to make the bills interactive on our site and accessible to customers,” Fabode said in a June 1 Fast Company Co.Design article. “Our belief is that as customers start to understand their energy usage, and its impact on their pockets and the environment, customers will start to take more responsibility for their actions. An educated customer base is required for the energy industry to be run sustainably.”

Kevin Willer, ’10 (XP-79)
CEO
Chicago Entrepreneurial Center

A discussion about tech start-ups choosing between headquarters in Chicago and the West Coast was held on Chicago’s public radio station WBEZ 91.5 on May 11. The discussion was held between Willer and Khim, who eventually moved her tech start-up to San Francisco from Chicago, and a third entrepreneur who had returned to Chicago from Texas, preferring the modest goals and steady work ethic of the Midwest. Khim’s company Alltuition, an online student loan resource, started out as Edulender at Excelerate Labs incubator, which has since moved to 1871, a new tech hub in the Merchandise Mart run by the Chicagoland Entrepreneurial Center.

Matt Maloney, SM ’00, MBA '10
Cofounder and CEO
GrubHub

The free online food ordering app is using new technology to improve its service, Maloney said in a CNBC interview on May 14. The new technology is called “OrderHub.” It “makes restaurants 80 percent faster at receiving and confirming online orders,” Maloney said. To facilitate the ordering, restaurants are being given tablets, which are in the beta stage, he said. GrubHub makes money by taking a small percentage off of gross sales. “We’ve served over 700,000 diners in the last 30 days,” Maloney said.

Howard Marks, ’70
Chairman
Oaktree Capital Management

Marks doesn’t go for the popular idea of separate accounts set up by private equity firms for their largest investors. “If other [asset managers] define strategic relationships as having many hundred millions of dollars and get a fee discount, then that’s not something we are very hot on,” Marks told a Wall Street Journal private equity beat blog writer who posted on May 10.

Marks also told the blog that Oaktree currently sees opportunities in commercial real estate in the United States and Europe, and in European corporate distressed debt.

In its first quarter earnings statement, the first since the firm went public in April, Oaktree reported revenues of $318.3 million, said a May 14 Private Equity International article. The firm "held a first close on its ninth Opportunities fund with $1.2 billion on its way to a $4 billion target. The fund, according to Oaktree, is not expected to commence the investment period until 2013,"the article said. Marks commented, "The first quarter demonstrated the ability of our business to generate meaningful cash earnings and quarterly distributions, and at the same time to add significantly to accrued incentives and raise capital for future deployment."

Jon Morris, ’05
CEO
Rise Interative

Recently ranked one of CNNMoney’s 100 Fastest Growing Inner City Businesses, the firm works to make websites more “popular and profitable,” said a CNNMoney article on May 11. Morris credits his business success to “ideal timing” and the hiring of financial analysts who analyze website performance for clients.

Joseph Neubauer, ’65
Former President and CEO
ARAMARK

Neubauer retired as Aramark Chief on May 9. He was “best known as benefactor to some of the region’s top cultural organizations,” said a May 9 article in the Philadelphia Inquirer. Neubauer told the newspaper he was proud that the company had become a place where people wanted to work and where they could “change their life’s trajectory.” Neubauer had come to America at age 14, living with an aunt in Massachusetts and knowing very little English. He ended up attending the University of Chicago Booth School of Business on a full scholarship and eventually spent nearly three decades helming ARAMARK, a food service business that staffs concession stands, hotels, universities, and businesses.

Neubauer retired as Aramark Chief on May 9. He was "best known as benefactor to some of the region’s top cultural organizations,"said a May 9 article in the Philadelphia Inquirer. Neubauer told the newspaper he was proud that the company had become a place where people wanted to work and where they could "change their life’s trajectory."Neubauer had come to America at age 14, living with an aunt in Massachusetts and knowing very little English. He ended up attending the University of Chicago Booth School of Business on a full scholarship and eventually spent nearly three decades helming ARAMARK, a food service business that staffs concession stands, hotels, universities, and businesses.

Borna Safabakhsh, ’11
Cofounder and CEO
Agile Diagnosis

The Agile Diagnosis app gives medical professionals easy access to consensus-based best practices and guidelines without wasting time, said a June 1 l’Atelier article. Updated information is accessible by clicking on a hyperlink, so that clinicians know “where current methods are going, what the current diagnoses are,” Safabakhsh said in the article. The article said Agile Diagnosis “built its web and mobile platform in a very visual way meant to match clinical reasoning and give physicians step-by-step clinical guidance.”

Uzi Shmilovici, ’11
founder and CEO
Future Simple

The company, which makes sales management software for small businesses, has received $6.8 million in a second round of venture capital funding, said a May 11 Crain’s Chicago Business article. Future Simple plans to use the funding for growth and product development, the article said.

The funding is for customer relationship management (CRM) software called Base, said a May 8 TechCrunch article. The software has a mobile application, rather than being only computer-based as most other similar software currently is. “The cloud was only act one of the enterprise software revolution. The end game is to have your data with you on any device, at any time, anywhere you are. This kind of ubiquity, together with a focus on product design and user experience, is what makes the next generation of CRM,” Shmilovici said.

Michael Small, ’81
President and CEO
GOgo

Gogo is buying Airfone from JetBlue Airways’ LiveTV LLC subsidiary, reported the Chicago Tribune on May 7. Gogo provides in-flight connectivity to the internet. “Acquiring the 1 MHz spectrum license from LiveTV will play an integral role in our continued expansion activities and help us deliver a performance boost for end users,” Small said.

Gogo also plans to extend its service beyond the United States to transoceanic routes. To do so, it plans on partnering with AeroSat to gain access to Ku-satellite antenna, radome, antenna control and modem unit, and high-power transceiver equipment. “Ku is the here and now satellite technology and will allow us to service airline clients who want an overseas solution today,” Small said in a May 18 PRNewswire article. “However, in many cases we see this as a bridge technology that will allow us to offer overseas service until Inmarsat's Global Xpress Ka satellite service is available.”


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