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February 28, 2007

A few Dallas photos...

DALLAS:

Me with Kristine and John Elieson. John is the Vice President of Air Travel with Travelocity and a 1999 graduate of our International MBA program.

Left to right: Tamara O’Conner (MBA ’83), United States Trust Company; Greg Greene (MBA ’81) Turtle Creek Holdings and his wife Jane; our host, Linda Barton; our very own Peter Veruki.

 

Left to right: Jeff Hinman; Jon Justice - MBA 2005 and a Manager at Pariveda Solutions; Bryan Houston; and Michael Metcalf.  Jeff, Bryan and Michael are prospective students. Looks like they belong here, doesn't it?

 

Tom and Ann Marie Walker, namesakes for our wonderful Walker Management Library.  Thank you!

February 22, 2007

Great Cities. Incredible Alums. Good Times.

In the last 3 weeks, my travels have taken me to Atlanta twice and both San Francisco and Dallas (once again). In each city, we had gracious alums open their homes to us.

In Atlanta, we had two events, Amy Conlee and her husband Cecil hosted an event in their wonderful home while Peter Fish and his wife Kerry Hadden hosted a second event at a private club.

Amy is a 1977 Vanderbilt MBA, a principal with CGR Advisors, and one of the first women to really hit it big on Wall Street. Cecil has served on the Vanderbilt Board of Trust, is a world traveler and a banker with Credit Suisse.  A highlight of the evening at the Conlee's home was having Amy and Bill Bounds, also a ’77 grad and owner of ML Coaching, share their personal stories. I was moved by their testimony how Owen transformed their lives, changed their directions, and helped form who and what they are today. These are stories worth telling and sharing.

Peter Fish is a 1995 grad and a Managing Director at Sterling Equity Advisors. Peter and Kerry graciously welcomed over 40 alums, spouses, prospective students, and Owen staffers to the Capital Club in Atlanta, an exclusive dining and meeting facility in Center City.

In Dallas, over 20 alumni and other guests were hosted by Tom and Linda Barton. Tom, another 1977 MBA grad, is a partner with White Rock Capital. Six prospective students attended the Dallas event and learned first hand from alumni about their careers, why they attended Owen and the difference the unique Owen experience made in their lives. I’ve received notes and emails from 4 of these individuals advising me that Owen is their school of choice. Tom and Linda are special people. Their oldest daughter will soon make a choice between Vanderbilt and Stanford. She is a champion golfer and hearing Tom’s story of how he got to Owen and why he would encourage his daughter to attend Vanderbilt cannot help but make one want to come to Vanderbilt, Nashville and the O school of management.

John Underwood, a ‘94 MBA and his wife Amy were our hosts in San Francisco the evening of their wedding anniversary. Some 50 Owen alumni and guests joined us in a private dining room overlooking beautiful San Francisco, high above John’s Goldman Sachs office, where John serves as a Managing Director. John success at Goldman Sachs mirrors his success at Owen and enthusiasm for his experience. Like other events, the evening included prospective students considering Owen as their top school of choice, despite other offers including MIT and Stanford. I am proud of what John and our enthusiastic SF alum have accomplished. More importantly, I am proud of how they represented Owen to the prospective students. Our responsibility is to produce graduates of equal character, ability and enthusiasm as John.

All of these events drew both long-graduated and recent alumni, as well as prospective students.  Importantly, as we see applications increasing and continue our push for greater selectivity, these events provide an opportunity to get to know our applicants better and for them to enjoy an evening sharing past experiences and future plans with members of the Owen community.

And, this is just a snapshot of the last three weeks. My goal is to spend 70% of my time on the road calling on companies, reconnecting with alumni, and meeting prospective students. In the next few months, you may see me on the highway or on planes to Birmingham (February 26), Charlotte (Feb 28), Washington DC (March 1) and New York (late March).

So, does getting together with Owen alums sound good to you? In case you don’t already have it on your calendar, plan to come and share April 21 with classmates and friends here in Nashville as we gather for “The Magic of Business”. It’s a special, formal celebration for all those who are members of the Owen Circle. I’d love to see you there. Black Tie and all.

P.S. I’ve got lots of snapshots of these events to post. Stay tuned.

February 06, 2007

Favorite Quote

So much emphasis was placed on the Super Bowl ads, perhaps you missed some of the excellent pre-game commentary.  My favorite was:

"Weather will not be a factor in Super Bowl 41".

Dan Marino

February 05, 2007

Dell Act II

In case you missed the Dell weekend events, given all of the Super Bowl hoopla, Michael Dell moved quickly last week in making significant changes at Dell.  A Michael Dell memo dated Friday, February 2, was picked up by the Austin American-Statesman and reprinted in part in a variety of national newspapers.  The memo to all employees reportedly announced the company was quashing 2006 bonuses and reducing managers in a swift cost cutting effort. 

As expected, Michael Dell moved quickly with the announcement he would be CEO "for the next several years".  No COO will be appointed...it will be a slimmer organization as Dell seeks to re-establish its market leader position.  What else will occur?  In addition to short term cost cutting, I suspect we will see new investments, products and services announcements and perhaps a new strategy and direction. 

February 01, 2007

Delta's Win? A Loss

As the events with Delta's Creditor's Committee unfolded yesterday, I happened to be in Atlanta exchanging email messages with USAirways CEO Doug Parker in between alumni visits and corporate meetings.  I think we all followed the story.  Doug, an Owen alum, was center stage in a dramatic bid for control of Delta, a merger which would have made USAirways the largest airline in existence.  Bankrupty was the vehicle Parker used to turn US Airways around, discarding excess capacity and renegotiating leases, fuel contracts and employee wages. While painful, these actions were necessary to save the company.  During the process, Parker's honesty and integrity earned high praise from his many constituents.  America West's acquisition of US Airways had a successful outcome that Parker hoped to repeat with Delta. Oddly enough, the reaction by Atlanta media and Delta workers was fear. They may think they won in rejecting US Airways' advances. However, I would suggest it is Delta's loss not to have gained the talents of a visionary leader like Doug Parker. 

Goodbye Kevin; Welcome back Michael Dell

Having just met with Kevin Rollins, CEO of Dell, I was somewhat surprised by his sudden departure (dismissal) yesterday.  Dell has lost its lead as the #1 computer company in the world, dropping most recently from 16.4% to 13.9% market share globally.   Like Apple, Dell has reached back to Michael Dell, its founder and namesake, to return the company to its former glory.  Is the direct-to-market model broken?  Can Dell provide its commercial customer base - 80% of its business - with value-added products, services and solutions or will the desktop/laptop/printer/accessories business compete on price alone?  Will the Board's action of replacing the CEO restore Wall Street's confidence or is something more needed?  Firing the CEO is a typical Board reaction when company performance waffles or declines, but just replacing the CEO is not enough. I sit in Board rooms where these discussions take place and I believe we will see Michael Dell move quickly to drive dramatic change and do some significant tree shaking.  It will be interesting to watch the story unfold.