The George Washington University

School of Business: GWSB News

October 10, 2008

GWSB Alum Receives Inaugural Presidential Alumni Award

Left to right: Clifford Kendall and GW President Steven Knapp at Alumni Achievement Awards Reception on September 25.

George Washington University President Steven Knapp and the GW Alumni Association presented Clifford M. Kendall, MBA,’65, with the inaugural GW Presidential Alumni Award.

The Presidential Alumni Award, presented for the first time this year, is given in recognition of a graduate for his or her professional achievement, service to the University, and public leadership, all of which reflect honor on The George Washington University.

“The Business School is proud that Clifford Kendall is being recognized for his professional and philanthropic accomplishments,” said Susan M. Phillips, dean and professor of finance. “He is a wonderful role model for our students and ambassador for the School.”

As chairman of the GWSB Building Campaign, Kendell led the fundraising effort and contributed significantly to Duqués Hall, the School’s new home. He serves on the Business School’s Board of Advisors as well as on the University’s Board of Trustees. In 1985, the GW School of Government and Business awarded him its “Outstanding Alumnus Award” and in 1996, the GW Alumni Association presented Kendall with the “Alumni Service Award.”

Co-founder of Computer Data Systems, Inc., Kendall served as the company’s chairman and CEO and later as director until his retirement in 2003. He is the former chairman of the Board of Directors for the Greater Washington Board of Trade and the Montgomery County Community Foundation. He has received numerous business awards, including the Master Entrepreneur of the Year for the Greater Washington Region in 1994, and the Lifetime Achievement Award from the Association for Corporate Growth in 1998.

Kendall currently serves as chairman of the Board of Regents for the University System of Maryland and recently established endowed scholarships for students attending the Universities at Shady Grove in Rockville, Md.

GWSB Professor Speaks at Urban Sustainability Symposium

The George Washington University hosted an urban sustainability symposium on October 6. The plenary and panel discussions explored priorities for the District of Columbia and best practices for implementing urban sustainability initiatives.

Mark Starik, GWSB chair and professor of strategic management and public policy, told the group the University and the city can work together to become an all-around showcase for urban sustainability. “We should ensure that our own campus is as environmentally sustainable as possible, and thanks to President Knapp’s leadership and his appointment of the GW Sustainability Task Force, we now have a full set of recommendations to do just that. From our energy-saving buildings and landscaping to our transportation practices to our purchasing of sustainable goods and services, the University is poised to develop, implement, and disseminate its own best sustainability practices.”

Alumnus Recognized for Entrepreneurial Excellence

Left to right: School of Engineering and Applied Science Dean David Dolling, Asghar Mostafa, GW President Steven Knapp, and GWSB Dean Susan M. Phillips

Asghar Mostafa, BS, ’81, MS, ’82, was the recipient of the “Distinguished Entrepreneurial Achievement Award” during the second annual GW Entrepreneurs Roundtable held on October 6 at the Fairmont Hotel in Washington, D.C. Mostafa is the president & CEO of Entourage Systems, Inc. and the manager of Mostafa Venture Fund, LLC.

The GW entrepreneurial community, alumni, faculty, students, and friends gathered to hear about entrepreneurial activities sponsored by the School of Business and the GW School of Engineering and Applied Science.

Susan M. Phillips, GWSB dean spoke about the Center for Entrepreneurial Excellence (CFEE) and specific projects that are currently in progress, including “The Hot Mommas Project.” Business School faculty members John Rollins and George Solomon told the group about the GW Business Plan Competition sponsored by Ann and Richard Scott.

Associate Professor of Management George Solomon moderated a panel discussion featuring GW alumni Clyde Lee “Bo” Davis, CCAS BA, ’97, CEO of Wasabi; Donald W. Hawk, Jr., CCAS BA, ’93, MA, ’96; and Pilar Rivera, BA, ’96, of ALTEEVA. The panelists discussed their experiences beating the odds to succeed in their ventures.

MBA Reunion 2008 triples attendance from 2007!

More than 75 School of Business MBA alumni turned out for this year’s MBA Reunion. The School hosted eight MBA Reunion specific events, as part of the 120 “Alumni Weekend” activities. MBA alumni attended breakfast with Associate Dean Murat Tarimcilar, toured Duquès Hall, heard a panel on sustainability and climate change, attended a briefing by students who recently returned from the Beijing Olympics, and mingled at the MBA Reunion Reception.

View photos from Alumni Weekend 2008!

If you are interested in volunteering for the MBA Reunion Committee for the 2009 event, please email Leah Kuppersmith at

Save the date for Alumni Weekend 2009- Thursday, Sept. 24 through Sunday, Sept. 27! Reunion classes for Alumni Weekend 2009 are 2004, 1999, 1989, 1984, 1970-1979, and 1959.

MBA Fellowship Donor Honored

Left to right: Dan Wu, John W. Asher III and Feiyue Yi

On Tuesday, September 30, the GW School of Business hosted a luncheon bringing together MBA fellowship donor John W. Asher III, MSA, ’73, and the recipient of the “Asher MBA Legacy Fellowship,” Feiyue Yin, MBA, ‘09. Asher is a member of the Dean’s Board of Advisors and the chairman and CEO of two Washington-area firms, U.S. China Business Solutions, Inc. and Asher Strategies, Inc. Asher created the “Asher MBA Legacy Fellowship” in 2007, and Yin is the first recipient of the award.

TD Securities Exec Educates, Inspires at GW Women in Business Event

GW Women in Business executive board with Deborah Gravinese and Lindsay Calautti of TD Securities.

GW Women in Business (GWWIB) celebrated its third annual launch event on October 1. The keynote speaker was Deborah Gravinese, director of credit management for TD Securities. Gravinese answered questions and spoke openly about a variety of issues, including: being a woman in a male-dominated industry; taking off personal days for family matters; and how she found her passion in finance and thus decided against becoming a chef. GWWIB members who were in attendance found the event to be both honest and inspirational.

GWWIB is a student organization whose platform and vision is to provide personal and professional advancement and development to its members.

Hotel Executive to Share ‘Insider’s View’

All GWSB students are invited to attend hotel executive Alison B. Rubin’s lecture, “An Insider’s View to Hospitality Sales and Marketing.”

When: Monday October 13, 2008, 3:45 to 5:00 p.m.
Where: Duquès Hall, Room 553
RSVP: email – by Friday, October 10

Alison Rubin, the vice president of sales and marketing with BF Saul Hotels, will share her hotel sales / marketing experiences and insights with GWSB students. Rubin is also a board member of the Washington, D.C., chapter of the Hospitality Sales and Marketing

Association International (HSMAI). She will speak about current HSMAI activities, and discuss ways in which GWSB students can become involved in this exciting organization.

Research and Study Opportunities Down Under

Faculty, graduate, and undergraduate students are invited to learn more about Fulbright scholarships, research, and study opportunities in Australia. The discussion will be led by Mark Darby, executive director, Australian-American Fulbright Commission, and Jen Nielsen, education manager, Australian Education International.

The presentation and discussion will be of interest to anyone who is interested in Fulbright scholarships in general, and in Australia in particular, or for those who wish to establish relationships with researchers in Australia.

Where: Phillips Hall, Room 411
801 22nd St, N.W.
When: Tuesday, October 14th, 2008
12:00 to 2:00 p.m.

Study Abroad in Paris

GWSB Associate Dean of Undergraduate Programs, Larry Singleton (back) and students from the GWSB Paris Business Program

This unique GWSB study-abroad program provides an opportunity for business students to take core and elective courses while studying in Paris. The annual fall semester program allows students to earn 15 credit hours while studying with GWSB and Foundation Nationale des Sciences Politiques (Sciences Po) faculty. All classes are taught in English so students do not need to speak French to participate. The courses are taught in an intensive three-week format and are led by GWSB faculty. In addition to the GWSB coursework, students take two Sciences Po classes. Classes are spread over the course of the semester and give students a solid grounding in the European Union economy.

Getting to Know: Sarah Dougherty

Title: Executive Associate, Office of the Dean in the School of Business

Job Duties: My primary responsibility is to assist Dean Susan Phillips with her daily correspondence, including preparing briefing materials for meetings and events, as well as gathering information for special projects. I plan and schedule meetings for Dean Phillips with internal University offices, as well as external corporate partners. My work duties also involve organizing and coordinating daily activities within the School of Business.

Years at GW: 3 months.

Best part of working for the GWSB: The best part of working for GWSB is being amongst so many experts in the business field.

Favorite place on campus: Duquès Hall, the only building I ever see.

What co-workers don’t know about me: Even though I am 5’10”, NO, I am not a volleyball player!

Family: I was born and raised in Mountain Top, Pennsylvania. My dad, John, is a dentist and my mother, Sterling, manages my dad’s dental practice. I have an older brother, Patrick (30 years old), and sister, Kate (28 years old). My brother works with a consulting firm in Boston. My sister works as a speech and language pathologist in Philadelphia.

Favorite things to do on the weekends: Bike around northern Va.

Favorite Vacation Spot: I don’t have a “favorite” vacation spot, but I do love to travel abroad and experience foreign cultures.

Favorite Book: A tie between “Great Expectations” and “Memoirs of a Geisha.”


Susan Aaronson, adjunct professor of strategic management and public policy, participated in a debate at the U.S. Chamber of Commerce on the role of business in global markets, on September 19.

Stuart Umpleby, professor of management, presented “The Viable System Model: A Guide for Enterprise Architecture” for the Association of Enterprise Architects in Washington, D.C.


Anoma Kulathunga, international business doctoral student, co-published “Getting Finance in South Asia 2009: Indicators and Analysis of the Commercial Banking Sector.” The book provides a new and more holistic perspective on getting finance in South Asia, and a deeper understanding of the region’s financial systems. Prior to her doctoral studies, Kulathunga had worked for the Central Bank of Sri Lanka for 15 years. The book is co-authored with Kiatchai Sophastienphong, a senior financial sector specialist at the World Bank.

Timothy Fort, professor of strategic management and public policy and executive director of the GW School of Business‘ Institute for Corporate Responsibility, published “Prophets, Profits, and Peace — The Positive Role of Business in Promoting Religious Tolerance.” The book investigates the religious issues that businesses confront as they expand their global activity, and proposes that corporations can become instruments of peace.

Getting Ink

Susan M. Phillips, dean and professor of finance, and associate dean of graduate programs and associate professor of decision sciences, Murat Tarimcilar, were quoted in an AOL Money and Finance article, “GW School of Business Revolutionizes Its M.B.A. Programs with a Curriculum Focus on Ethical Leadership in the Global Marketplace.” The article was about GWSB’s new Global MBA program. “We are not content with teaching business the way it always has been taught,’ said Susan M. Phillips, dean and professor of finance. ‘The global business paradigm has shifted, and it is our fundamental responsibility at the GW School of Business to inspire students to act responsibly, lead passionately, and think globally.’ Murat Tarimcilar, associate dean of graduate programs and one of the chief architects of the new curriculum, said ‘We believe that being a great business leader isn’t just about know-how, it’s about character.” (2008)

Susan M. Phillips, dean and professor of finance, was interviewed by Wall Street Journal reporter Debra Solomon about the Congressional bailout bill and by Pittsburgh Post Gazette reporter Joe Smydo about trends in business education and recent economic issues.

Senay Agca, assistant professor of finance, was interviewed by the Voice of America about the recent financial crisis. Her interview aired on VOA Turkish television and radio.

Scheherazade Rehman, professor of international business and international affairs, was interviewed by the Washington Post about the Congressional bailout bill. In the video interview Rehman said she believes the bailout is the only way to restore confidence and stop the financial meltdown. (9/30)

Rehman also participated in a roundtable interview on the “News Hour with Jim Lehrer.” “There is a crisis of confidence. We are hemorrhaging, not in terms of confidence, but in capital. And we have now, a couple nights ago. hit the belly of economic America, which is middle-class wealth. Whether it addresses all the technical details, no, but it does stop the hemorrhaging. And that is the critical aspect right now, to stop the panic,” Rehman said. (10/2)

Murat Tarimcilar, associate dean of graduate programs and associate professor of decision sciences, was quoted in the CNN story “Having faith in the future.” The piece was about GWSB’s new MBA program and its focus on ethics. “We really took a huge risk. When we say we really would like people who are committed to be ethical leaders, we may be making the applicant pool very small. For many MBA students, the driving factor is the money. But we thought we had a responsibility, as a university, to really work on their character, as well.”

Gilbert Yancey, Executive Director of the F. David Fowler Career Center, was quoted by columnist Heather Huhman. Her column was about tips on being a successful career fair attendee. “Standing in front of a booth and talking all day is not easy. Recruiters get tired. Being one of the first people they talk to gives you a chance to interact with them before fatigue sets in. Additionally, at some fairs interviews are set-up on the spot, so all the interview spots may be taken if you arrive late,” said Gil C. Yancey.

Class Notes

Corri Goldman, MBA,’02, was named to LawDragon’s “100 Legal Consultants You Need to Know” list. Goldman is a senior vice president at Jaffee Associates, a public relations firm serving the legal industry in North America and Europe.


GWSB Hosts Leading International Organization Promoting Entrepreneurship
Founded in 1955, the International Council for Small Business (ICSB) was the first international membership organization to promote the growth and development of small businesses worldwide. ICSB has 1,800 plus members in over 70 countries.

GWSB MBA Students Part of Global Competition With Dell Inc.
MBA students from the George Washington University School of Business served as judges for the Dell Inc. Global Small Business Excellence Award- United States. The global competition, developed by Dell Inc. and ICSB, awards innovative small businesses that apply information technology strategically in their business practices.

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