The World By The Tail - Schulich School of Business - York University

e xch a n g e
alumni magazine
Q u a rterly Update
Volume 5, Number 1 • September 1999
The World By The Tail:
S c h u l i c h ’s IMBA Gra d u a t e s
A L S O . . .
Are Canadian Managers Up To The Job?
The Great Currency Debate
Schulich Alumni Establish
International Chapters

2
Alumni News
IN THIS ISSUE
Alumni News . . . . . . . . . .2
Schulich Alumni
Establish Network
of International
Alumni Chapters
Events . . . . . . . . . . . . . . .3
James Gillies Alumni
Lecture: TD Chairman
Charles Baillie Extols
Virtues of Size
CEO Back to Campus ‘99:
These Turbulent Times
Cover Story . . . . . . . . . . .6
The World By The Tail:
Schulich’s IMBA Graduates
Newsmakers . . . . . . . . . .8
M e d i o c re Management:
A re Canadian Managers
Up To The Job?
Carol Anne Letheren
(MBA ‘77): First P resident
of the Schulich
I n t e rnational Alumni
A s s o c i a t i o n
Schulich Alumni
Announcements and
Appointments
Inside Schulich . . . . . . . .10
Schulich Establishes
First International Alumni
Chapter in Hong Kong
York University
Homecoming Weekend
‘99: Activities at Schulich
Alan McNally (MBA ‘69):
H a rrisbank CEO Receives
Honorary Degree
Top Marks: Winners of the
1999 Schulich Awards for
Teaching Excellence
Calendar . . . . . . . . . . . . .12
Cover: Mark Messow (IMBA
‘93): One of many Schulich
IMBAgraduates making their
mark in businesses around
the world
Schulich Alumni Establish
Network of International
Alumni Chapters
D U E T O T H E S U C C E S S O F I N T E R N AT I O N A L
initiatives undertaken by the Schulich School
of Business over the past decade, including its
International MBA p rogram, Schulich alumni
a re accepting challenging positions in the global
marketplace. With career moves that necessitate
relocation inter-provincially or abroad, today’s
alumni demand that a global network of Schulich
Alumni Chapters be established to help them
maintain contact with the School, its faculty,
and fellow alumni.
Meanwhile, alumni in the Greater To ro n t o
A rea want the Schulich Alumni Association to
offer programs that are specific to industry sectors.
Feedback from the ”Alumni Questionnaire , ”
which appeared in the June issue of e x c h a n g e
Quarterly, provided a lot of insight into alumni
expectations and needs. Alumni identified as
most appealing, opportunities that offer business
networking; executive or professional development;
career direction; or global marketing.
Alumni overwhelmingly value their Schulich
degree, and many now want to give something
back to the School and its students.
Schulich recognizes that its alumni form a larg e
and important network throughout the world.
To meet the needs of all alumni and to capitalize
on global opportunities, the Office of Alumni
Relations is presently working to establish a global
network of Schulich Alumni Chapters (see list
below) that collectively will be referred to as the
Schulich International Alumni A s s o c i a t i o n .This
network will lead to new international business,
corporate and educational partnerships for
Schulich. Each alumni chapter will be asked to
help identify and recruit eligible students from
the region; assist with internship placements and
exchanges; and offer career opportunities for
Schulich’s new graduates and alumni.
Schulich’s Office of Alumni Relations will
support the following value-added benefits and
services:
• publication of a millennium Alumni Directory
• administrative support of Alumni Chapters
• organization of annual alumni gala events
• satellite broadcasts of gala events/speakers
• Schulich Career Centre and counselling
• MBAstudent/alumni mentor program
• publication of exchange Quarterly magazine
• Toronto events by program specialization
• on-line e-mail alumni directory
• professional and executive development
• chat-room for alumni and faculty
• affinity programs offered by York
I n t e rnational Alumni Chapters
Hong Kong
Singapore
New York
London
Paris
National Alumni Chapters
Toronto
Montreal
Ottawa
Vancouver
Calgary
Specialized Program Alumni Chapters
Real Property
Financial Services
IMBA
Arts and Media
MIT/York Enterprise Forum
On the Drawing Board
Non-Profit Management
East-West Enterprise Exchange
Sustainable Enterprise Academy
Public Administration
Entrepreneur & Family Business
The Office of Alumni Relations is currently
in contact with alumni in New York, Singapore,
London, Paris, Montreal, Va n c o u v e r, Calgary
and Ottawa. With their assistance, the office is
organizing receptions in these cities to inaugurate
new Schulich Alumni Chapters, to which all
Schulich alumni in the area will be invited.
If you reside in or near the city, please plan to
attend the reception as our guest.
e xc h a n g e Q u a rterly • September 1999

E v e n t s 3
James Gillies Alumni Lecture:
TD Chairman Charles Baillie Extols
Virtues of Size
Charles Baillie: TD Chairman and CEO said
banks need to grow in size to keep pace
with their clients’ needs
”B r a n ches provide the
human face of banking
– the glue which keeps
the banking relationship
together”
– Charles Baillie
SI Z E D O E S M AT T E R — E S P E C I A L LY
in the banking industry.
That was one of the key messages
in the address given at this year’ s
James Gillies Alumni Lecture by
To ronto Dominion Bank Chairman
and CEO A. Charles Baillie. T h e
22nd annual lecture honouring the
School’s founding dean was held at
the To ronto Marriot Eaton Centre
Hotel on June 10.
In his remarks, Baillie argued that
scale is quickly becoming a critical
competitive advantage. “Consolid
a t i o n is occurring in virtually every
industry,” said Baillie. ”Our potential
clients are growing — and as
they grow, their borrowing requirements
increase correspondi n g l y.
They will only look to partners who
can finance their scale.” He pointed
to his own bank’s history, noting
that TD was created in the 1950s by a merger of
the Bank of Toronto and the Dominion Bank in
order to keep pace with the growing capital
requirements of their clients.
Critical Competitive
A d v a n t a g e
He cited this year’s acquisition of Media One
by AT&T, which Chase Manhattan and Goldman
Sachs each underwrote for US $5 billion, as an
example of the importance of financial scale. The
capital requirements for the AT&T deal were too
large for the TD Bank, despite the fact that it is
one of the world’s leading media and communications
bank lenders. Said Baillie: ”The reality is,
the demand for commitments of that size is
becoming more and more frequent. To be able to
play, you need scale.”
In order to meet the challenge of increased size,
Baillie outlined the bank’s thre e - p ronged strategy
of buying, building and borrowing to create
l a rger economies of scale. On the ”buy and
build” side, the TD chairman pointed to his
bank’s successful development of TD
Wa t e rhouse Securities, the world’s second
l a rgest discount bro k e r a g e .
The Benefits of Bricks and
M o rtar Banking
He also said that the threat posed by virtual
banking was grossly overstated. ”It is true that
bricks and mortar will, over time, gradually
assume less importance. But any suggestion that
branches are an out-moded burden is, I would
submit, very wrong,” said Baillie, who noted
that the vast majority of financial products are
still sold through branches. ”The fact is, branches
provide the human face of banking — the glue
which keeps the banking relationship together.”
However Baillie added that maintaining
and growing the bank’s branch network is
much more than good customer relations —
it’s also ”the most effective way to maintain
and acquire customers.”
Baillie made similar remarks last month
after TD announced its intention to acquire
Canada Tru s t .
Champions of Choice
And in order to meet increased competition,
Baillie said that TD Bank must become a ”champion
of choice” by offering a broad range of
products — even if they are products sold by
other businesses. Said Baillie: ”Why would our
customers confine themselves to considering
only our products, when there is so much choice
out there, and such easy access to it. Our competitive
advantage lies not in manufacturing, but
in being an agent and a distributor.”
Baillie downplayed suggestions that banking
will undergo the same price war which rocked
the Canadian retail sector when Wa l - M a r t
moved into Canada: ”People do not re g a rd
money — their money — the same way they
look at clothing or groceries or books.”
During his opening remarks Baillie noted that
TD Bank employs more Schulich graduates
than any other company in the country. Said
Baillie: ”As CEO of TD, let me take advantage of
this podium to express my gratitude to them for
the t remendous contribution they have made —
and continue to make — to our organization.”
e xc h a n g e Q u a rterly • September 1999

4
E v e n t s
CEO Back to Campus ’99:
The De-Nationalization
of Curre n c y
The Pros and Cons of Monetary Union: B reakfast plenary session panelists David Laidler
(left), Bob Rae (centre) and Tom Courchene (right) debated the issue of Canadian monetary
union with the US
“North American
currency integration
is inevitable”
– Thomas Courchene
Ec o n omi c tu rbu len ce a t t he t u rn of
the millennium — everything from chaotic
global markets to monetary union — was the
central theme of this year’s CEO Back to
Campus event, as approximately 100 of
Canada’s leading presidents, CEOs and chairs
headed back to the classroom for a day of stimulating
debate and discussion. The event was
held at the Design Exchange and at the Miles S.
Nadal Management Centre on June 9.
The morning session featured a debate on the
issue of North American monetary union — a
position strongly advocated by Canadian economics
professor Thomas Courchene. He said
the advent of the Euro signalled the ”de-nationalization
of national currency regimes” and
a rgued in favour of establishing a North
American Monetary Union (NAMU). Courc h e n e ,
who also co-authored a report on monetary
union for the C.D. Howe Institute, urg e d
Canada to take the lead in kick-starting a political
discussion about creating a common North
American currency.
M o n e t a ry Union Inevitable
”Some form of North American currency integration
is probably inevitable,” said Courchene,
who highlighted the growing degree of economic
integration between Canada and the US. He said
the alternative to the NAMU is not the status quo
but the adoption of the US dollar — a process he
referred to as ”dollarization,” which is the result
of Latin American countries abandoning their
own battered currencies in favour of the much
s t ronger US greenback.
However David Laidler, a visiting economist
and special adviser to the Bank of Canada, said
that the threat of US dollarization was ”something
to frighten the horses with.” Even though
some Canadian companies report their earnings
in US dollars, they do not pay their employees
or suppliers in American currency, he argued.
Laidler added that he was concerned about
the issue of accountability under a North
American monetary union. NAMU, he said,
would be unable to provide a ”mechanism
whereby those in charge of monetary policy
could be made specifically accountable to the
Canadian electorate.”
He also dismissed a supra-national governing
bank as ”pie in the sky.” Said Laidler: ”You can
be sure the Americans won’t give up federal
control of monetary policy.”
S o v e reignty Thre a t e n e d
Former Ontario Premier Bob Rae a rg u e d
against monetary union on the ground that
t h e re is ”no public appetite” for such a policy.
He also rejected comparisons between NAMU
and the Euro, saying that European monetary
union was based on the foundation of a
political union and the existence of pan-
E u ropean institutions.
”The real practical question is whether or
not we want or need to join in the A m e r i c a n
c u r re n c y,” said Rae. ”And the answer is no.
Canada is not Mexico or A rg e n t i n a . ”
e xc h a n g e Q u a rterly • September 1999

E v e n t s 5
These Turbulent Times
Steven Solomon: US economic journalist and author
called for a new social contract befitting the age of
global economics
“Capitalism comes
in many flavours,
and they may not
be compatible’’
– Steven Solomon
Stateless Money
The luncheon address
featured US economic
journalist and author
Steven Solomon, who
advocated global regulations
to reign in the
destructive forces of what
he called ”stateless
money” — the unfettered
and borderless flow of
global capital. Said
Solomon: ”Stateless
money has been fuelling
and profoundly transforming
the world
economy.”
As a result, said
Solomon, the world has
suffered a series of financial
shocks: ”If we
continue to apathetically allow our economic
and political destinies to be shaped by the unanchored
supra-national mobility and volatility of
stateless money, there will be more events like
the Black Monday and Terrible Tuesday — one
of which may end in a catastrophe.”
Following the collapse of communism, the
West ”embraced a policy of trusting to the
invisible hand of market forces,” said Solomon.
With the advent of global capitalism, that invisible
hand has been ”clenched into a ru ff i a n ’ s
fist,” he added.
Clash of Capitalisms
One of the upshots of this new world order
is an ”epic clash of capitalisms” — our liberal,
constitution-based democratic capitalism versus
Asian models of authoritarian democracy and
family-based capitalism. Said Solomon: ”One
lesson of the ’Asian contagion’ is that there is
no one-size-fits-all model of democratic capitalism.
Capitalism — and the democratic society
which anchors it — comes in many flavours,
and they may or may not be compatible. Each
is underpinned by its own social compacts, cultural
and political practices — and each is vying
for the immense flows of stateless money that
nourish growth and power. ”
The Social Dimension of
Global Capitalism
At risk, claimed Solomon, are the social values
of our liberal civilization. “To civilize stateless
money re q u i res more than anchoring its turbulent
flows within a world monetary compact. It also
means re-making the social compact. In the future ,
I believe we will hear much more about the
social dimensions of the new global capitalism.”
Solomon noted that some of our greatest capitalists
— individuals such as Warren Buffet and
George Soros — have also sounded the alarm
about the erosion of democratic social values
that underpin our way of life. He concluded by
stating that ”we must do more than achieve the
hugely formidable task of creating a fairly coherent
set of global rules of the game for the new
international order — we must also imprint
upon them, and thus institutionalize, the core
civilizational values of our constitutional liberal
variant of democratic capitalism.”
Speakers at the morning Breakout Sessions
included: Rick Camilleri, president general
management, Sony Music Canada; Helen
Handfield-Jones, senior practice consultant,
McKinsey & Company; Robert Bertram, senior
vice president, investments, Ontario Teachers’
Pension Plan Board; Tom Gunn, chief investment
officer and senior vice president, OMER;
Douglas Steiner, chairman and CEO, Versus
Technologies; Songnian Zhou, president and
CEO, Platform Computing Corporation; Peter
Drake, vice president and deputy chief economist,
TD Bank; Richard Rooney, president,
Burgundy Asset Management Ltd.; Michael
Wilson, vice chairman, RBC Dominion
Securities; Anthony Cooper, vice president,
international banking for Latin American region,
Bank of Nova Scotia; A. Ian Gillespie, president
and CEO, Export Development Corporation;
Brian Edwards, president and CEO, Bell
E m e rgis; Steve Gesner, vice president, interactive
services, TD Bank; and Paul Tsaparis, president
and CEO, Hewlett-Packard Canada Ltd.
The event sponsors were Burgundy Asset
Management Ltd., Canadian Business, the
Division of Executive Development at the
Schulich School of Business, Hewlett-Packard
Canada Ltd., Quorum Group of Companies and
Royal Bank of Canada.
e xc h a n g e Q u a rterly • September 1999

6
Cover Story
The World By T h e Ta i l :
Nadia Jacquot (IMBA ’95): The international work experience
Jacquot gained during her IMBA internship helped her land a
job as US marketing manager at Coca-Cola’s global headquarters
in Atlanta
”I went from being a
purchasing guy doing
commodity management
to setting up a whole new
office for the company”
– Mark Messow
SC H U L I C H’ S AWA R D-
winning International
MBA(IMBA) program
was featured in the
July issue of Report On
Business Magazine in a
supplement titled ”Passport
To The World.”
The article profiled
some of the p ro g r a m ’ s
success stories —
Schulich graduates
who have gone on to
key positions within
multinational corporations
around the world.
The following are
snapshots of some of
the Schulich alumni
f e a t u red in the article.
Mark Messow
(IMBA ’93): Fro m
To ronto to Ta i p e i
Last year, Mark
Messow moved from the sprawling suburbs of
North York to the raw energy and chockablock
office towers of Taiwan. A graduate of Schulich’s
cutting-edge International MBAprogram,
Messow (shown on the magazine cover) was
hand-picked to set up an international purchasing
office in Taipei for Celestica, the former
electronics manufacturing arm of IBM Canada
that was spun out during Big Blue’s restructuring
some four years ago.
His assignment: to provide supply chain management
services to Celestica’s more than 25
worldwide manufacturing operations. His objective:
to help his firm engineer and squeeze costs
out of products and materials in an industry
infamous for its fleeting product life cycles and
rapid rates of technological depreciation. His
new name: Ma Mai Sho, a door opener that not
only had a phonetic resemblance to his English
name but carried connotations of strength and
politeness.
The Taipei posting was a coup for Messow,
who had been with Celestica for only five years.
He is quick to credit his Schulich IMBAdegree
for his rapid rise: ”It’s not easy to get an international
assignment. But the fact that you have
’International’ behind your degree gives you
that added benefit.” Adds Messow: ”I went
f rom being a ’purchasing guy’ doing commodity
management for semi-conductors at the
head office to setting up a whole new office for
the company.”
Messow is just one of many successful graduates
emerging from the School’s International
M B Ap rogram — part of a new generation of
global business managers being actively
recruited by companies throughout the world.
According to Schulich dean Dezsö Horváth,
Schulich’s IMBAgraduates ”have the confidence
and the business skills to succeed in the global
marketplace and compete alongside the best
managers in the world.”
Nadia Jacquot (IMBA ’95): Marketing the
Wo r l d ’s Best Known Brand
When Coca-Cola went hunting for a new
marketing manager for one of their flagship
brands, it was Nadia Jacquot’s i n t e r n a t i o n a l
experience that caught their eye. ”The IMBA
was instrumental in getting me through the
door at Coca-Cola,” says Jacquot, who speaks
E n g l i s h , Spanish and French.
Her IMBAdegree and internship experience in
Latin America demonstrated her ability to operate
successfully in a global context. Last year,
she became the US marketing manager for Diet
Coke and Caffeine-Free Diet Coke at the company’s
global headquarters in Atlanta.
Jacquot’s job is a marketing professional’s
d ream come true: not only is Coke the best known
brand in the world, it’s one of the world’s first
truly global products.
e xc h a n g e Q u a rterly • September 1999

Cover Story 7
S c h u l i c h ’s IMBA G r a d u a t e s
Richard Stockmans (IMBA ’96): Space travel will open up
commercial opportunities for everything from enviro n m e n t a l
and energy technologies to advanced materials processing and
drug manufacturing
”They’re going
to write books about
this - no question”
– Richard Stockmans
Neil Wa rma (IMBA
’92): Strategic
Positioning of Global
P h a rm a c e u t i c a l
C o m p a n y
One of the program’s
first graduates, Neil
Warma did his IMBA
internship in Basel,
Switzerland with the
pharmaceutical firm
Ciba-Geigy. Half way
through the internship,
the company made him
a permanent job offer.
Today, he is head of
International Policy for
Novartis Pharma AG,
the new company
formed in 1997 by the
merger of Ciba-Geigy
and Sandoz. A member
of the global integration
task force, Warma
played a key role in the
integration of the two companies. His policy
group is responsible for establishing the international
policy and strategic positioning of the
company on matters as diverse as intellectual
property protection, health care cost containment
and biotech regulation.
Piers Talalla (IMBA ’93): Huge M & A
O p p o rt u n i t i e s
Like Warma, Piers Ta l a l l a was one of the
p rogram’s early graduates. Talalla worked as
an IMBA intern at CIBC World Markets in
London. Four years later, he returned to
England to work for one of the world’s top
investment banks, Dresdner Kleinwort Benson.
”I wanted to be there with the arrival of the
E u ro,” says Talalla. ”There were huge M&A
opportunities.”
To d a y, Talalla is a senior manager in the
investment giant’s global corporate finance
department. He credits the IMBA with much
of his success: ”The degree provides an
opportunity to project oneself onto the international
playing field.”
Pina Corigliano-Chiella (IMBA ’95): Selling
A rtificial Christmas Trees in Mexico
When Noma Industries needed to conduct a
study concerning the demand for artificial
Christmas trees in sunny Mexico, they turned to
Schulich IMBAintern Pina Corigliano-Chiella
for assistance. Based in Mexico City, Corigliano-
Chiella had to build relationships with Mexican
suppliers and retailers in order to get an accurate
fix on market demand. Now a c o n t i n u o u s
i m p rovement agent with Bombardier A e ro s p a c e ,
Corigliano-Chiella says, ”What I learned most
was how to adapt after being thrown into a
f o reign enviro n m e n t . ”
R i c h a rd Stockmans (IMBA ’96):
Rocketman
Schulich IMBAgraduate Richard Stockmans
has seen the future, and it is outer space. It is
a not-too-distant future replete with space
flights from local airports, solar powered satellites
beaming cheap electrical power down to
earth, x-ray scanners mapping the world’s
hidden mineral deposits, space-age silicon
chips and pharmaceuticals manufactured in
z e ro gravity, and tourists taking adventure
tours to outer space.
Stockmans works at Rotary Rocket C o m p a n y,
a California-based firm in the fledgling space
v e h icle industry building state-of-the-art space
vehicles — initially, to ferry expensive cargo such
as satellites but eventually to carry people into
space. Known as the Roton, the Rotary Rocket
space vehicle will be the world’s first fully
reusable, piloted, commercial space vehicle. Says
Stockmans: ”The space age is really going to kick
in during the next decade. Cheap access to space
is going to change everything. They’re going to
write books about this. No question.” Because the
firm is relatively small, he gets to wear a number
of different hats: he works directly with the CFO
in marketing the company to investors; serves as
the company representative on various industry
working groups; and collects satellite orbital
requirements. Working at Rotary Rocket is the
job Stockmans had always dreamed about and
he says his IMBAdegree helped him get there in
more ways than one.
e xc h a n g e Q u a rterly • September 1999

8
N e w s m a k e r s
Mediocre Management: Are
Canadian Managers Up To The Job?
Simply put, Daly believes that there are too
many executives lacking technical and managerial
skills — particularly in the ranks of smaller,
Canadian-owned firms. According to Daly, the
facts speak for themselves: large Canadianowned
plants with 400 or more employees are
equal to large foreign-owned plants when it
comes to pro d u c t i v i t y, but smaller Canadianowned
plants are only half or two-thirds as
productive as small foreign-owned plants. The
bottom line: Canada has too many executives in
small to mid-sized companies who are not keeping
pace with global competition or are simply
incompetent. ”The overall statistics are alarming,”
says Daly. ”There doesn’t seem to be the
same drive in Canadian management as there
is in the US. They don’t want to break out and
be winners.”
Donald Daly: Schulich professor cites lack of technical and managerial skills as the main culprit
for mediocre Canadian management,especially in smaller firms
”There doesn’t seem to
be the same drive in
Canadian management
as there is in the US”
– Donald Daly
PR O D U C T I V I T Y — O R L A C K T H E R E O F — H A S
become one of the biggest buzzwords in Canada
today. A number of different theories abound to
explain Canada’s stagnant productivity —
everything from high taxation to a cheap dollar.
But Schulich senior scholar and economics professor
Donald Daly may have found the answer
that has eluded politicians and economists alike:
mediocre management.
A l a rming Pro d u c t i v i t y
S t a t i s t i c s
Management Malaise
The poor productivity numbers are particularly
disturbing when Canada is compared to
the US, notes Daly: ”The productivity gap with
the US is not only wider now than it was when
f ree trade started, but the gap is also wider
than it was two decades ago. Real output per
hour in manufacturing shows a widening fro m
a Canadian level about 25 percent below the
US in 1977 to more like 40 percent today.”
Daly lists a number of reasons for the management
malaise, including the fact that Canadian
managers tend to be older than American managers
(and therefore less open to new ideas) and
have little or no education in important areas
such as inventory control, production management
and behaviourial skills.
P roductivity Gap Wi d e n i n g
The productivity gap between small and large
firms in Canada has widened from appro x i-
mately 30 percentage points to 70 perc e n t a g e
points over the last two decades, says Daly —
a number that is even more alarming once you
consider the fact that most employment growth
is taking place in the small-firm sector. Daly is
optimistic that the federal government is finally
beginning to grapple with the productivity
problem. Says Daly: “Government typically has
three options — deny the facts, blame someone
else or admit you have a problem and figure out
how to solve it. It looks like they’re finally at the
stage where they are going to try to do something
about it.”
Daly is furthering his study of productivity
issues through a survey of smaller Canadianowned
firms in Ontario. He will also present a
paper in Boston in January. The topic: ”Wi l l
North American manufacturing jobs shift to
Mexico with NAFTA ? ”
e xc h a n g e Q u a rterly • September 1999

N e w s m a k e r s 9
Carol Anne Letheren (MBA`77):
First President of the Schulich
International Alumni Association
DE A N DE Z S Ö HO RV Á T H
re c e n t l y announced that C a r o l
Anne Letheren ( M B A ` 7 7 ) , a
longtime member of the
Schulich Alumni A s s o c i a t i o n ,
has agreed to serve as its first
International President. Caro l
Anne has been a strong supporter
of Dean Horváth’s
global initiatives and vision
for the Schulich School of
Business. She now plans to
s t rengthen the relationship with the School’s
most valuable re s o u rce, its worldwide alumni.
In her position as president of the Canadian
Olympic Association, Carol Anne expects to be
able to travel and visit many of our newly
established Schulich Alumni Chapters thro u g h-
out the world. We welcome the international
exposure that she will bring to this position,
and thank Carol Anne for her enthusiastic support
for the re s t ructuring plans for the Schulich
International Alumni A s s o c i a t i o n .
Schulich Alumni Announcements
and Appointments
C a rol Anne Letheren (MBA ‘77): Canadian
Olympic Association President becomes first
International President of the Schulich International
Alumni Association
Sheelagh Whittaker (MBA ‘77): Was recently
appointed to the Board of Directors of Canwest
Global Communications Corporation
Edmund Ho Hau Wah (BBA `78)
Elected in a landslide victory as
first post-handover Chief Executive
of Macau
Paul Alofs (MBA `83)
Appointed President, Strategic
Business Units, MP3.com, and
D i re c t o r, Mosaic Gro u p
Daniel Servos (BBA `82)
Appointed President, 3Com
Corporation
Sheelagh Whittaker (MBA `75)
Appointed to the Board of Directors,
Canwest Global Communications
Corporation
Jan Munro (MBA `83), CA
Appointed Director of Accounting
Standards, The Canadian Institute of
Chartered Accountants
D r. Catherine (Ailles) K i rchmeyer
(MBA `79, PhD `88)
Appointed Associate Professor,
Department of Management &
Organizational Science, Wayne
State University
G e o ff rey Burns (MBA `83)
Appointed Vice-President and CFO,
Coeur d’Alene Mines Corporation,
Idaho
Keith Dorricott (MBA `75)
Appointed Vi c e - C h a i r, Office of
Strategic Management, Bank of
M o n t real
Catherine Russell (BBA `85)
Appointed Partner,
P r i c e w a t e rhouseCoopers Ltd.
Lisa Simeoni (BBA `87)
Appointed Partner,
P r i c e w a t e rhouseCoopers Ltd.
Angelo Toselli (BBA `79)
Appointed Partner,
P r i c e w a t e rhouseCoopers Ltd.
Saul Plener (BBA `86)
Appointed Partner,
P r i c e w a t e rhouseCoopers Ltd.
Matthew Barrett (Honorary Doctor
of Laws `93, Dean’s Advisory Council)
Appointed CEO, Barclays Bank PLC
of England, effective October 1999
e xc h a n g e Q u a rterly • September 1999

1 0
Inside Schulich
Schulich Establishes First Intern a t i o n a l
Alumni Chapter in Hong Kong
Hong Kong: Schulich established its first international chapter here
ON TU E S D AY, JU N E 15, O V E R T W O D O Z E N SC H U L I C H A L U M N I
from Hong Kong and China attended an evening reception in
Hong Kong to celebrate the inauguration of the first Schulich
International Alumni Chapter. Carol Anne Letheren (MBA ‘ 7 7 ) ,
in her new role as International President, was the guest of
h o n o u r. She spoke about the future direction for the Schulich
I n t e rnational Alumni Association. Schulich Hong Kong A l u m n i
Chapter President Andy Tsoi (MBA ’ 9 1 ) is organizing a pro g r a m
of events that will include a satellite broadcast f rom To ronto of
the James Gillies Alumni Lecture, an inter-chapter panel debate
on a topic of international interest, and a lecture given by a
Schulich faculty member. Schulich alumni from Hong Kong,
Taiwan and Shanghai, China will be invited to attend the events
and functions to take advantage of business, social and pro f e s-
sional networking opportunities.
Helen Wong (IMBA ` 9 2 ) unfortunately could not attend the
inaugural reception that she had helped to arrange. She was
home with a new baby daughter, Charmaine, born June 3, 1999.
Helen and her husband, Thomas Luk, also have a son, Wi l b e r t ,
born September 25, 1997. Congratulations, Helen.
York University Homecoming
Weekend `99: Activities at Schulich
MBA Student & Alumni Mentor Program
Wine and Cheese Reception
Miles S. Nadal Management Centre
T h u r s d a y, September 23, 1999 – 7:00 pm
Student mentees will meet their alumni mentors
at a Wine and Cheese reception on September 23.
Over 100 matches are planned this year between
M B A students and alumni volunteers. A l u m n i
must be MBA graduates who have been in the
work force for at least two years and who are
willing to commit to two terms as a mentor.
Call Susan Pothecary, Alumni Liaison Officer, at
(416) 736-5708 for more information about the
mentor program.
Career Fair
Schulich School of Business
Friday, September 24, 1999
10:00 am to 5:00 pm
The Schulich Career Fair will offer students
and alumni an opportunity to meet re c ruitment
o fficers from various corporations. If you would
like to participate as a recruiter, please notify
Jim Foy at the Schulich Career Centre at (416)
736-5080. You can also attend the Career Fair
to explore career opportunities. Call the Care e r
C e n t re to re g i s t e r.
D e a n ’s Open House Alumni Reception
Friday, September 24,1999
3:30 pm to 6:00 pm
P r i c e w a t e rhouseCoopers Lounge, 4th Floor,
Schulich School of Business
Dean Dezsö Horváth would like to invite all
Schulich alumni to join him at a reception to be
held Friday, September 24, from 3:30 to 6:00 pm.
Here is your chance to speak with the Dean personally,
and to hear what is planned for your
alma mater. Don’t miss this opportunity!
MBA Student-Alumni Golf To u rnament
Caledon Country Club, 2121 Old Baseline Road
S a t u rd a y, September 25, 1999
10:00 am - Regular Start; 6:00 pm - Banquet
The Graduate Business Council (GBC), in cooperation
with the Office of Alumni Relations,
will host the first annual MBA S t u d e n t - A l u m n i
Golf Tournament on Saturd a y, September 25,
1999 at Caledon Country Club. The day
p romises to be an enjoyable experience for all.
Here’s your chance to show your stuff, enjoy the
Club facilities and liaise with our current cro p
of MBA students at the same time. For more
information or to re g i s t e r, call Susan Pothecary,
Alumni Liaison Off i c e r, at (416) 736-5708.
e xc h a n g e Q u a rterly • September 1999

Inside Schulich 1 1
Alan McNally (MBA ’69): H a r r i s b a n k
CEO Receives Honorary Degre e
O N E O F S C H U L I C H’ S E A R L I E S T A N D M O S T
successful graduates came home this spring to
receive an Honorary Doctor of Laws degree at
the June Convocation.
Alan McNally (MBA ’ 6 9 ) d e l i v e red the keynote
address and received his honorary degre e
at spring Convocation, which was attended by
m o re than 500 graduating students as well as
friends, family and faculty.
A past winner of the Schulich A l u m n i
Recognition Aw a rd for ”Outstanding Executive
Leadership,” McNally is chairman and CEO of
Harris Bankcorp Inc., the US subsidiary of Bank
of Montreal headquartered in Chicago.
McNally praised the School for the ”profound
impact” it had on his life as a student,
as a businessman, and as a Canadian.
Recalling his days as a student, the banking
executive joked that he almost failed the
”Money and Banking” course. He also fondly
re m e m b e red some of his professors from his
graduate schooling at Schulich.
A top ranked student, McNally was one of a
handful of MBAs to be selected for the York
Centennial Fellow program, which allowed him
to study at the Oxford Centre for Management
Studies in the UK, Insead in France, and Harvard
in the US. ”As a proud and caring Canadian,
I deeply and sincerely hope we will make the
right choices,” said McNally. ”Choices that eliminate
the pressures of ’brain drain’, and create a
rising standard of living and the aff o rd a b l e
q u a lity of life to which most Canadians aspire.”
McNally cited some of the powerful trends
reshaping global business, including the erosion
of ”time and space” brought about by the information
revolution, and increased specialization
— what he re f e r red to as the ”flip side of the
same coin as globalization.”
Schulich dean Dezsö Horváth p e r s o n a l l y
congratulated McNally: ”We at the Schulich
School are all very proud of what you have
accomplished, and we appreciate your support
and advice over the years. You are an excellent
role model for our graduates.”
Top Marks: Winners of the 1999
Schulich Awards for Teaching Excellence
W H E N G R A D E D B Y T H E B B A A N D M B A
students of Schulich, these four teachers came
out on top.
T h e y ’ re winners of the second annual
Seymour Schulich BBAand MBA Awards for
Teaching Excellence.
At the graduate level, Theodore To l i a s , a
s e ssional economics instructor, received $10,000
as winner of the MBA Aw a rd for Te a c h i n g
Excellence, while sessional marketing instructor
Alan Middleton (MBA ’77, PhD ’97) received
$5,000 for second place. At the undergraduate
level, two sessional accounting instructors, Gail
Drory (MBA ’77) and Elizabeth Farrell, tied for
top prize. The instructors were honoured at
Schulich’s spring Convocation ceremony.
Seymour Schulich, the School’s benefactor,
donated funding to support four annual awards
to full-time and part-time instructors who
exemplify teaching excellence. The criteria for
teaching excellence include knowledge and
enthusiasm for the subject matter, teaching
innovation, and responsiveness to student needs
and concerns. The winners are chosen by students
in the BBAand MBAprograms through a
voting process.
The School also presented Faculty Research
Aw a rds at the Convocation ceremonies. This
y e a r’s winners were associate marketing pro -
fessor and associate dean of re s e a rch E i l e e n
F i s c h e r, and assistant accounting pro f e s s o r
Linda Thorne (MBA ’ 8 6 ) .
Gail Drory was chosen as the winner of the
1999 John Peace Part-Time Faculty Award for
her outstanding contribution to the School. The
award is named in honour of John Peace (MBA
’76), a former part-time lecturer at Schulich who
was instrumental in helping to launch the Joint
MBA/LLB program at York University.
e xc h a n g e Q u a rterly • September 1999

1 2
C a l e n d a r
1999/2000 Alumni Relations Tel: (416) 736-5708
Calendar of Events Schulich School of Business Fax: (416) 650-8071
York University
E-mail: alumni@ssb.yorku.ca
4700 Keele Street Web Site: www.ssb.yorku.ca
Toronto, Ontario M3J 1P3
SCHULICH INTERNATIONAL ALUMNI ASSOCIATION CALENDAR OF EVENTS FOR 1999-2000
D ATE/TIME VENUE/CHAPTER EVENT
T h u r s d a y, September 9 – 6:00 pm T B A / M o n t re a l * Reception/Inauguration
We d n e s d a y, September 15 – 5:30 pm Ontario Club M I T / York Enterprise Foru m
C o m m e rce Court South
R e c e p t i o n / P re s e n t a t i o n
30 Wellington Street West, 5th Floor, To ronto
T h u r s d a y, September 23 – 7:00 pm Miles S. Nadal Management Centre Mentor Program
222 Bay Street, Suite 500, To ro n t o Wine and Cheese Reception
T h u r s d a y, September 30 – 6:00 pm Ontario Club Dinner/Panel Discussion
We d n e s d a y, October 6 – Evening TBA M I T / York Enterprise Foru m
Live Interactive Satellite Broadcast
We d n e s d a y, October 6 – 6:00 pm TBA/London, England* Reception/Inauguration
F r i d a y, October 8 – 6:00 pm TBA/Paris, France* R e c e p t i o n / I n a u g u r a t i o n
M o n d a y, October 18 – 6:00 pm T B A / S i n g a p o re* Reception/Inauguration
T h u r s d a y, October 21 – 6:00 pm TBA/Hong Kong* Reception/Speaker
M o n d a y, October 25 – 6:00 pm TBA/Shanghai, China Dinner
We d n e s d a y, October 27 – 6:00 pm To ronto Marriott Eaton Centre Hotel M I T / York Enterprise Forum
525 Bay Street, To ronto Dinner/Keynote Speaker: Leslie Dan, Novapharm
T h u r s d a y, November 4 – 6:00 pm TBA/New York City* Reception/Inauguration
Tu e s d a y, November 9 – 6:00 pm T B A / Va n c o u v e r, BC* Reception/Inauguration
We d n e s d a y, November 10 – 6:00 pm T B A / C a l g a ry, Albert a * Reception/Inauguration
We d n e s d a y, November 17 – 5:30 pm Ontario Club M I T / York Enterprise Forum
R e c e p t i o n / P resentation
We d n e s d a y, December 1 – 6:00 pm Ontario Club M I T / York Enterprise Forum
D i n n e r / S t a rt-up Clinic
We d n e s d a y, December 8 – 7:30 am Ontario Club Alumni Association Breakfast Series
Speaker TBA
T h u r s d a y, January 20 – Evening TBA M I T / York Enterprise Foru m
Live Interactive Satellite Broadcast
We d n e s d a y, Febru a ry 2 – 6:00 pm TBA Alumni Recognition Aw a rds Dinner
We d n e s d a y, Febru a ry 23 – 5:30 pm Ontario Club M I T / York Enterprise Foru m
R e c e p t i o n / P resentation
We d n e s d a y, March 15 – 6:00 pm Ontario Club M I T / York Enterprise Foru m
D i n n e r / S t a rt-up Clinic
We d n e s d a y, March 29 – 6:00 pm TBA James Gillies Alumni Lecture
Dinner/Reception
We d n e s d a y, April 12 – 5:30 pm Ontario Club M I T / York Enterprise Foru m
R e c e p t i o n / P resentation
T h u r s d a y, April 27 – 7:30 am Ontario Club Alumni Association Breakfast Series
Speaker TBA
T h u r s d a y, May 25 – Evening TBA M I T / York Enterprise Foru m
Live Interactive Satellite Broadcast
T h u r s d a y, June 8 – 6:00 pm Ontario Club Dinner/Business Trends
We d n e s d a y, June 14 – 5:30 pm Ontario Club M I T / York Enterprise Foru m
Season Finale
Note: A schedule of events for Specialized Program Alumni Chapters will follow. * Denotes Alumni Chapters which will organize a schedule of events at the Inaugural Meeting.
e xc h a n g e Q u a rterly Update
Alumni Magazine of the Schulich School of Business
Volume 5, Number 1 • September 1999
Published four times a year by the Office of
Alumni Relations, Schulich School of Business
E d i t o r
Paul Pivato
Graphic Design and Pro d u c t i o n
Rossignol & Associates
A d d ress correspondence to:
Alumni Relations, Schulich School of Business
York University, 4700 Keele Stre e t
To ronto, Ontario M3J 1P3
Tel: (416) 736-5708
Fax: (416) 650-8071
E-mail: alumni@ssb.yorku.ca
Web Site: www. s s b . y o r k u . c a
Schulich School of Business
Dean, Dezsö J. Horváth
Division of External Relations
Executive Director, James McKellar
Development and Alumni Relations
Executive Director, Jeffrey McCully
Campaign Secretary, Ana Quiro z
Alumni Relations
Director, Nancy Sanderson-Swartz
Liaison Officer, Susan Pothecary
Alumni Records, Naomi Powlet t
C o m m u n i c a t i o n s ,Media and Public Relations
Director, Suzanne Firt h
Communications Assistant, Elayne Shapiro