Spreadsheet Two

Knowledge Fuels Emerging Markets
INFUSION OF INTELLECTUAL capital, not the extraction of natural resources, is fueling the growth of emerging nations, speakers told 200 attendees at the Stanford Conference on Emerging Markets in May.
       In separate panels, GSB economics professor Paul Romer and international economic development specialist Michael Fairbanks said growth rates in emerging markets are stimulated by flows of knowledge and depressed by an overreliance on exploitation of natural resources. The 6- to 8-percent growth rates in countries such as Malaysia occurred when companies took advantage of existing information to develop high value-added manufacturing or services, Romer said. How long this "catching-up effect" can be sustained is uncertain, especially in light of the shocks to the emerging economies of Southeast Asia.
       In a panel on opportunities in Latin America, Fairbanks hit the same theme. He cited studies showing an inverse relationship between the reliance of a country's economy on exports of natural resources and the standard of living in that country. The conference, which featured speakers and panelists from 10 countries, was organized by student members of the GSB's Global Management Program. --ANDY PFLAUM, MBA CLASS OF 1999

Consultant Classmates Win a Capitol Honor

Illustration by Sarah Wilkins

THIS YEAR FOR THE FIRST time, the White House selected more than half its new White House Fellows from the business sector--and two of them are GSB classmates Leela de Souza, MBA '96, and Bruce McNamer, JD/MBA '96. Both are currently employed by McKinsey in San Francisco.
       De Souza and McNamer were among more than 400 applicants for the paid positions, of whom only 17 were appointed this year by the President. They will serve as special assistants to senior White House staff or members of the Cabinet for a one-year term that ends August 31, 1999. According to the White House, fellows are selected because they have demonstrated "remarkable achievement early in their careers, the potential to be leaders in their professions, and commitment to public service." De Souza and McNamer participated in the Public Management Program while attending the GSB and have continued their community involvement since graduation. De Souza was a mentor and tutor with the GSB's I Have a Dream program. McNamer, a former Peace Corps volunteer, helped found MBAid, which sends MBA student-consultants to developing countries, and was also active in Start Up.
       De Souza and McNamer bring the total of GSB White House Fellows to 19 since the program was founded in 1964. Former and present fellows are Peter Cook, MBA '63; Bill McGlashan, MBA '66; Robert Joss, Sloan '66, MBA '67, PHD '70; David Schrempf, MBA '67; Patricia Davis, MBA '73; Les Denend, MBA '73, PHD '77; Robert Heavner, PHD '76; George Drysdale, JD/MBA '80; Meredith Neizer, MBA '82; Alan Marty, MBA '84; Kien Pham, MBA '85; Paul Hasse, MBA '86; Mickey Levitan, MBA '86; Janet Abrams, MBA '87; John Danaher and Kevin Grimes, MBA '93; Sally Thoman, Sloan '93; and de Souza and McNamer.

Arthur Kroeger Dies

Professor of marketing, emeritus, Arthur Kroeger in 1973

ARTHUR KROEGER, MBA '33, one of the core group of faculty that helped the GSB grow after World War II, died May 29 in Connecticut. He was 89.
       Kroeger would have started his academic career shortly after receiving his MBA had it not been for Dean J. Hugh Jackson, who advised the would-be professor to get some business experience first. Kroeger followed Jackson's advice and in 1933 went to work for the Manning's restaurant chain, where he met his wife, who also worked there. His first academic job, as an assistant professor of marketing at the University of Idaho, was interrupted by World War II. During the war Kroeger joined the U.S. Naval Supply Corps. He later became a consultant with the European Productivity Agency in Paris.
       Kroeger joined the GSB faculty as a marketing professor in 1946 as returning GIs began to swell the School's enrollment. He taught at the GSB until his retirement from the University in 1974.

Travels with Marie
REPRESENTATIVES OF THE MBA admissions office have been taking their message farther and farther afield. And now it's possible to keep up with their travels online. Would-be GSB applicants can check the schedule and then register for information sessions from their desktops if they want to catch up with Admissions Director Marie Mookini and Company on the road this year. To sign up for a session in Boston, Beijing, Buenos Aires, or Beirut, one need only check in at www.snapweb.com/infosess/stanford/mba and follow the instructions.

Student Fellows Find a Place at the Table
IN A 1996 SURVEY of 25 Business School classes, only 5 percent of the 2,440 respondents reported they had entered the nonprofit or public sector professionally--yet fully 46 percent had served their communities as volunteers or worked on a nonprofit board during the previous five years.
       Sensing a need for training in nonprofit board membership, last year a group of second-year MBA students founded Board Fellows, an internship program in which GSB students are matched with top Bay Area nonprofits. Interns spend six months or more attending board meetings as nonvoting members, serve on committees, and work on special projects. The program is competitive: Last year 85 people applied for 30 positions.
       Participating organizations are also selected carefully. During the first year of the program, nonprofits included organizations devoted to the arts, the environment, and social services and ranged from neighborhood groups to national charities. Alison Davis, MBA '89, principal of the MBA-Nonprofit Connection (itself a nonprofit), and Bill Meehan, MBA '78, a director with McKinsey who sits on a number of nonprofit boards, played key roles in recruiting the organizations.
       Students will apply this fall for the 1999 Board Fellow internships. However, nine already have been placed; they were invited to join the boards they served last year, one of them as a full-fledged member.
       (Meehan, who also ran one of the training workshops for Board Fellows, will teach the elective Strategic Management in the Nonprofit Environment at the Business School this year.)