Spreadsheet Three

The GSB Goes to War
We are indebted to Richard Fakoury for reminding us of an unusual period in the Business School's history. Fakoury writes:
"In the fall of 1942, with the joint sponsorship of the GSB and the Army Quartermaster Corps, a program was started for young men (sorry, no women involved) to spend 18 accelerated months at the Biz School and get their MBAs. They immediately enlisted in the Army, were paid a small amount and given a uniform allowance (officers, without any insignia of rank), and spent time in military training under an Army officer, in addition to attending regular classes."
Fakoury was one of 50 in the first (and only) joint MBA­Quartermaster Corps class. "Due to the exigencies of the war, we spent only seven or eight months and were then sent on to military basic training," he writes. The interruption meant that the officer candidates didn't get their MBAs, although most of Fakoury's classmates, along with some men from a similar program at Harvard, were briefly returned to classes at Stanford from Fort Francis E. Warren, Wyoming­only to leave for active duty in early 1944.
The Quartermaster corpsmen were not the only new faces in the wartime Business School. As civilian MBA enrollment dropped, several new programs were created to fill the void. A special four-quarter graduate course leading to a degree in industrial administration prepared students for production work in war industries; 14 Industrial Administration degrees were granted. For the only time in GSB history, Stanford seniors were invited to pursue an undergraduate major in business; 49 of them earned bachelor's degrees in business administration. Even secretarial training was offered, and more than 100 upper- class students ("chiefly girls," reported Dean J. Hugh Jackson) availed themselves of courses in typing, shorthand, office administration, and secretarial accounting.
By September 1944, two years after Fakoury first arrived at Stanford, it was clear that World War II was nearing its end. The GSB closed its emergency programs and started gearing up for the postwar boom. After 1945, some of the wartime students returned for the MBA degree. Fakoury did not, but he kept in touch with some of his old Quartermaster classmates, trying but failing to organize a 50-year reunion in 1992. "I greatly enjoyed my years at Stanford," he concludes, "and when I moved to Washington, D.C., I had the great pleasure of meeting and becoming a close friend of J. Hugh Jackson Jr., the son of the great GSB dean."

PhDs Fare Well in Job Market
In spite of a sagging job market for new professors, PhD graduates of the Business School remain in high demand.
Nationally, hiring of new business faculty members has dropped for the past two years, according to a survey by the American Assembly of Collegiate Schools of Business. The accrediting association reported a 9.9 percent drop in job searches for all faculty this year following a 16.5 percent decline in hiring new assistant professors in 1995­96.
Of the 10 who received their doctorates from the Business School last year, seven took jobs as assistant professors, one has a non­tenure-track job as a lecturer, and one went to private industry. The tenth graduate did not look for a job immediately. Two of the young professors took jobs at the University of Chicago, two at Santa Clara University, and one each at Harvard, Duke, Northwestern, and UCLA.
"Because our program is so rigorous and the quality of our students remains so high, our graduates are very much in demand," said Jonathan Bendor, director of the doctoral program. The School received 438 applications for the class that entered in the fall of 1996; 30 were admitted.

"Sorry, Mr. Rainwater is in a Meeting." If they were impossible to reach during the AT&T Pebble Beach National Pro-Am golf tournament, well, forgive us for ruining their alibis. Spotted at the former "Crosby clambake" were, in order of their handicaps (in which order is a secret): Riley Bechtel, MBA '77; Brayton Wilbur, MBA '61; Richard Rainwater, MBA '68; Charles Schwab, MBA '61; Robert Matschullat, MBA '72; John B. McCoy, MBA '67; and Thomas Klein, MBA '79. Wilbur and his partner, pro Tim Herron, made the cut, qualifying for the final round of the tournament.

New Porras Award
The Hispanic Business Students Association (HBSA) presented Fernando Inzunza, JD/MBA '77, with the first Jerry I. Porras Award. Named after the popular Latino professor, the Porras Award honors GSB alums for community involvement coupled with business achievement. "Fernando Inzunza has been involved in supporting every major Latino cause in the last 20 years," said Dean Michael Spence.
Inzunza cofounded the National Society of Hispanic MBAs, which now numbers nearly 1,000 members. He also cofounded CIC Asset Management in Los Angeles, one of the largest minority-owned asset-management firms in the country. He has taken particular interest in early education, mentoring many young Latinos throughout the years.
Accepting the award, Inzunza praised HBSA members Sal Sanchez, MBA '72, and Faustino Garza, MBA '74, for put-ting the local organization on its feet. The other finalists­Victor Arias, MBA '82, and Richard Leza, MBA '78­were present at the ceremony.