FROM THE DEAN
EXPANDING OUR VALUE PROPOSITION
This month we attended the Leadership Summit for the
Oregon Business Plan. It was striking in that we saw
leaders from all aspects of the Government including
the Governor and Oregon’s two U.S. Senators, as
well as leaders from the State Legislature on the same
platform. All spoke to aspects of our State’s
economic and political future.
While the political speeches touched on economic development
issues, there was one obvious omission – there
was no role mentioned for Oregon’s independent
universities. This is a clear oversight, since Willamette
University and other schools in the state have a lot
It is easy to attribute this to the emphasis on a public,
legislative agenda by these speakers and members of
Oregon’s business community. However, it is also
true that our private universities have not emphasized
enough our connections to our community. Here at the
Atkinson School, we have expanded the “value proposition”
associated with our MBA. This involves merging the graduate
school and community interests.
For years, Willamette’s Atkinson School has advocated
and initiated student-centered community outreach programs.
The goal of this community service has been to complement
and enhance training and coaching received in the classroom.
We believe that these programs add to the value proposition
of the School, and are important to many in its constituencies.
Faculty and students connect with our community in
many ways. One way is through the countless hours of
volunteer effort devoted to nonprofits in our PaCE projects
(required of all entering students). Another is through
the MBA student internships, and of course there are
many research and class projects carried out during
the academic year for local businesses and government
We have always been about more than just two years
of “finishing school,’ where we take good
students and help them find opportunities to get on
an executive track in various types of organizations.
We hope that in the future, those in the Oregon Business
Plan coalition see us as positive contributors to Oregon’s
Economic future. We do have a role to play, and are
eager to participate as we expand our own MBA programs
and partner with community organizations.
Wishing you a wonderful holiday season,
- Jim Goodrich
(HERMSMEYER) DURKEE (MBA'97) got married in September
while her and her beau of over 2 ½ years, Joe,
were on vacation in New Zealand. Amanda is currently
working with Bardsley & Neidhart Research as the
technology research project manager. "It's been
a great learning opportunity. Over the past year I traveled
around the world several times to do focus groups,"
Amanda writes. She is managing projects autonomously,
and is now getting involved in business development.
"It's a good new challenge for me."
Amanda and Joe now live near University of Portland
with their dogs Zeus and Malika. Joe, also a Willamette
grad, graduated from the Law School the same year Amanda
graduated from Atkinson, but they didn't actually meet
until about 3 years ago. "I am happier and more
content now than I have ever been," says Amanda.
SID PARAKH (MBA’03) is
getting married on December 25th in Bombay India. His
fiancée’s name is Sneha and they are planning
a traditional Indian wedding spread over a few days.
Sid is currently working as an equity analyst at The
Robins Group in Portland, Oregon.
The Vancouver Business Journal selected JIM
MORRELL (MBA’93) as one of Southwest Washington's
top young leaders and visionaries as part of their "Accomplished
Under 40" awards program. The Accomplished Under
40 Award program is designed to recognize the community's
rising young leaders that have demonstrated leadership
in their professions and community service. As Chair
of the Credit Union National Association (CUNA) Technology
Council, Jim also authored and presented an article
entitled "2005 Emerging Technology Trends"
at the 2005 BAI Retail Delivery Conference & Expo
in Las Vegas, Nevada on November 15, 2005. The technology
trends article is an annual publication forecasting
the future direction of technology for the credit unions
and the financial services industry. The presentation
was attended by financial institutions from across the
United States and several foreign countries including
Venezuela, Australia, Canada, Korea, and the United
On November 24th, OLGA SHPORA ODELL
(MBA’01) received the CFA (Chartered Financial
Analyst) designation and the rights to use her charter.
The CFA designation is one of the world's most prestigious
professional credentials in finance and investment analysis.
It took Olga three years and an enormous amount of work
to obtain this designation. “I am very excited
to finally receive my charter,” writes Olga. Participation
in the CFA program has enabled Olga to expand her knowledge
in most aspects of modern financial theory and practice.
Along with traditional accounting, quantitative analysis
and corporate finance, the CFA curriculum covers complex
topics of derivative instruments, fixed income securities
and equity valuations. Today having the CFA charter
brings you on the dream list of many employers. Congratulations,
Olga, on this great accomplishment!
graduates of Atkinson, who are also members of the Atkinson
Advisory Board, accepted awards at the 2004 Technology
Awards dinner and reception held Nov. 18 at the Governor
Hotel. JIM FITZHENRY (JD/MBA’81),
Senior Vice President for Corporate Operations and Law
of FLIR Systems, Inc., picked up an award for Flir Systems.
DON KRAHMER (JD/MBA’87),
a partner and attorney for Schwabe Williamson &
Wyatt, is shown in the photograph on the left accepting
an award for his firm. For the second year in a row,
FLIR Systems, Inc., maker of infrared cameras and imaging
systems, was honored in the category of Publicly Held
Company of the Year with Revenue Over $250 million.
The Service Provider 2004 award for improving technology
client base went to law firm Schwabe, Williamson &
Wyatt, PC, who demonstrated significant revenue growth
from and new acquisition of technology clients. The
Awards Dinner was featured in a special section in the
November 19th Business Journal.
PATRICK PINE (MBA’76),
who is Corporate Benefits Manager for ESCO Corporation
at the Portland headquarters, was elected President
of the Oregon Health Care Purchasers Coalition, a group
representing public and private employers purchasing
health coverage in Oregon and Southwest Washington.
He also was elected Vice President of the Oregon Health
Care Quality Corporation, a nonprofit group initiating
several projects to foster improved health care quality.
He represented Oregon at the recent annual meeting of
the National Business Coalition on Health in Atlanta.
In addition to this, Pat was also part of a roundtable
discussion featured in Oregon Business magazine (Dec.
4) regarding the health care system.
JOHN JESSE (MBA’97) started
an investment company, Beacon Investments, about two
years after graduating from Atkinson. The return has
been around 15% overall to date. “Not like the
bubble days we lived through when I was at Atkinson,”
writes John. In September of 2004 John moved to Florida
and is now working as an architect for a long-time friend
who builds homes in the $700K to 2 million dollar range.
“It's a great environment as we are all about
the same age and similarly motivated.” John also
continues to conduct the investment management business
secondarily. “I no longer have the same level
of energy - or arrogance - I had while attending AGSM.
So I guess I compare more closely to a normal person
now! (making the world a better place!)”
NATHATHAI PATHUMARAK (MBA'98)
is still working for Central City Concern in Portland,
Oregon. She is going back to school part time at Portland
State University to earn her CPA certificate.
MARK T. GREEN (MBA’92)
and Atkinson Professor FRED THOMPSON
published "Vox Populi? Oregon Tax and Expenditure
Limitation Initiatives" in PUBLIC BUDGETING &
FINANCE (winter2004: 73-88). Mark is an AGSM alumnus
and A.E. Coleman Chair in Family Business, Director,
Austin Family Business Program and Austin Entrepreneurship
Program, and Director, Entrepreneurship and Innovation
Program, College of Business, Oregon State University.
He celebrated his 40th birthday on November 13th.
MATTHEW ARNOLD (MBA’01)
is currently working at Xerox in business development
and has also started teaching this year at Portland
Community College. He is teaching a course on business
administration and another course on investments. Matthew
writes “I am really enjoying it but didn't realize
how much work it would be.”
& Doris O’Neill Add $100,000 to the Student
Atkinson Graduate School is pleased to announce
the recent gift of $100,000 by Bob and Doris O’Neill
to increase the Student Investment Fund from $50,000
to $150,000. This fund, which was started with a generous
gift from the O’Neill’s last year, provides
an opportunity for students to get real world experience
under the guidance of a faculty member and advisory
board made up of outside investment professionals. This
fund will eventually be run by students year round.
The class is currently being developed and overseen
by Professor Michael Dothan. Read more about the Student
Investment Fund under “Student News.”
BOB AND DORIS O’NEILL (CLA’50)
are graduates of the College of Liberal Arts at Willamette,
but both their daughter and son-in-law, DEBRA
AND RICHARD PINE (MBA’82), are alums of
Atkinson. This generous gift and continued support will
give Atkinson students yet another competitive edge
for future employment.
Did You Miss Denise’s Birthday?
Not to worry! There is still time to send her belated
birthday wishes by making your gift to the Atkinson
Annual Fund. Gifts from alumni are critical to the success
of Atkinson’s programs and future vision, which
make your degree even more valuable. All gifts postmarked
by December 31 will earn you a tax deduction come April,
so don’t delay! Gifts can be made via snail mail
to Atkinson Graduate School, 900 State Street, Salem
OR 97301, by calling with a credit card to 503.370.6727
or securely on-line at www.willamette.edu/support (click
on ‘Donate On-line in the upper right, choose
Atkinson when filling out the form). Please make all
checks out to Willamette University with Atkinson Graduate
School in the note. All funds go directly to Atkinson
and any amount over our goal for operations can be used
for special projects and needs.
Help other students enjoy the same opportunities and
experiences as you had. Contribute to the Atkinson Annual
EXECUTIVE DEVELOPMENT CENTER
January and February, the Oregon Department of Transportation,
Driver and Moter Vehicle Division, will sponsor a program
for fifteen of its managers on analyzing public policies
and drafting policy memoranda and issue papers. This
is the second time that the EDC has presented the program,
designed and delivered with Professor DEBRA
The Mini-MBA, sponsored by Cascade Employers Association
at the Clackamas Training Center in Wilsonville, began
its December module, "Leading and Managing,"
taught by Professor PATRICK CONNOR.
The fourth module, Negotiation, will be taught by former
dean BRYAN JOHNSTON in January.
For information, go to www.cascadeemployers.com/training.htm.
INTERNATIONAL DINNER A SUCCESS
Friday, November 19th, over 100 people gathered in the
Montag Den to celebrate the cultures of the world at
the annual International Dinner, put on by Atkinson
international students and the board of IGSA (International
Graduate Students Association). Students, staff and
faculty brought homemade food from various countries.
Some of the dishes presented at the dinner were Chingri
Dopeaja (Shrimp Onion Masala) from India, peanut butter
stew and rice from Zimbabwe, frikadeller and flødekartofler
(Danish meat balls and potatoes in cream) from Denmark,
Samosa from Kenya, Arroz Verde con Pollo (Green Rice
with Chicken) from Peru, Biryani from India, beef salad
from Cambodia, Chinese dumplings and marbleized tea
egg from Japan. Tatenda Chirusa, first-year student
from Zimbabwe and emcee at the International Dinner,
entertained the crowd with two audience participation
games. The first quiz offered Willamette Store gift
cards as prizes to the winners. The second game was
an audience vote on the best food presented at the dinner,
with the winner being the Indian food.
BUSINESS WOMEN’S FORUM
Business Women's Forum (BWF) had a wonderful turnout
for its first event on Nov. 9, 2004. A group of 30 people
(including first and second year students, faculty,
staff, and alumni) listened to Profs. Claus, Ringold,
and Roney share insights into their education, professions,
and leadership. Then attendees broke into smaller groups
to discuss questions that addressed business women's
issues. Our next event will be in late January/early
February and will feature speakers that have experience
in entrepreneurial projects. Please remember that this
forum presents a woman's perspective on business, but
all are welcome to come, listen, and participate. More
information will be available at the beginning of Spring
LISBETH CLAUS was one of seven
HR professors invited to attend the SHRM Symposium on
the Future of HR Education in Washington DC on December
1, 2004. The objective of the symposium was to develop/explore
new perspectives on HR education and the needs of the
business community due to the changing business environment
relative to the goals and content of human resources.
A report with broad recommendations will be prepared
and distributed to key academics.
Atkinson students participated in Atkinson's study abroad
agreement with the University of Southern Denmark in
Odense during the Fall Semester. The purpose of the
exchange is to immerse them with 275 other international
students from around the world. Courses include Marketing
and Culture, International Business Marketing and Organizational
The students spent time working in cross-cultural groups
and traveling around Europe, visiting companies and
getting a feel for what life and working is like in
Picture: (from left to right) PATRICK
KELLEY, WOODY ENGLISH, DIANA LEWIS, RUSSELL YOST, DAVID
Atkinson student CHRISTIAN CUTSFORTH
and his family’s business, Cutsforth’s Thriftway
Market, was awarded 2nd runner up (3rd place) in the
medium business category (50-250 employees) in the 2004
MassMutual National Family Business of the Year Awards,
which honor 13 of the nation’s top family businesses.
As noted in ATKINSONews about a year ago, Cutsforth’s
Thriftway Market won 1st place for Excellence in Family
Business Awards in Oregon in the large business category.
The Excellence in Family Business Awards program, presented
yearly by Oregon State University's Austin Family Business
Program, was founded in 1988 to applaud the accomplishments
and contributions of family businesses for their innovation,
entrepreneurship, commitment, and heart.
To see 2003 award details, visit: http://www.familybusinessonline.org/programs/ofba.aspx
or for national award details: http://www.ffi.org/NFBYA_2004.htm.
Student Investment Fund Begins Investing
Students in Professor MICHAEL
DOTHAN’s Investments class have completed
an Investment Plan for the ROBERT
AND DORIS O’NEILL Student Investment Fund.
The Fund Advisory Board has approved the Plan, and students
will be placing their first buy orders in the next few
Working in teams, students have assessed general economic
and geopolitical conditions, conducted fundamental analysis
of companies and industry sectors, and used quantitative
models of asset allocation and value-at-risk to select
their initial portfolio of investments in defense and
aerospace, oilfield equipment and services, and trucking
industry sectors, and in diversified portfolios of global
equities and investment grade U.S. corporate bonds.
DEAN GOODRICH and Professor
Dothan met with the Fund donors to describe student
accomplishments to date, and the donors decided to follow
up their initial investment in the Fund with an additional
contribution of $100,000. The Fund will continue its
activities in the spring semester with additional investments
and a possible hedge of the declining U.S. dollar.
Pausing for a Picture
and second-year students with guest lecturer Fareed
Lutfi, Director of the Dubai International Financial
Center, and General Consultant for the Dubai Islamic
Insurance & Reinsurance Company. Mr. Lufti was a
guest to Professor Lisbeth Claus’ Global Human
Resource Management course.
ON THE LIGHTER SIDE
Subject: Office conduct during the
Effective immediately, employees should keep in mind
the following guidelines in compliance with FROLIC (the
Federal Revelry Office and Leisure Industry Council).
1. Running aluminum foil through the
paper shredder to make tinsel is discouraged.
2. Playing Jingle Bells on the push-button
phone is forbidden (it runs up an incredible long distance
3. Work requests are not to be filed
under "Bah humbug."
4. Company cars are not to be used
to go over the river and through the woods to Grandmother's
5. All fruitcake is to be eaten BEFORE
6. Egg nog will NOT be dispensed in
In spite of all this, the staff is encouraged
to have a Happy Holiday!
Willamette Star Trees Lighting and Holiday
Willamette Master Chorus Holiday Concert:
"How Can We Keep From Singing?"
Salem & Portland Young Alumni Holiday Party
University Closed (All offices closed for holidays)
Faculty Administrative Assistant Mary Stout’s
New Year’s Eve
New Year’s Day
Senior Assistant to the Dean Susan Chiapella’s
Professor Ilan Vertinsky’s Birthday
Martin Luther King Jr. Day
Professor Patrick Connor’s Birthday
Willamette Martin Luther King Jr. Celebration
Chinese New Year
View the current events calendar at: http://www.willamette.edu/~schiapel/master_calendar/
and other information for alumni at: http://www.willamette.edu/alumni/agsm/.
In the business world,
the rearview mirror is always
clearer than the windshield.
- Warren Buffett