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  • Georgette Chapman Poindexter

    Property Rights and Wrongs

    By Ritu Kalra, W’96 Professor Georgette Chapman Poindexter weighs in on the intersections of human geography and real estate law and finance. The moment the alert popped up on her e-mail, Georgette Chapman Poindexter dropped interest in everything else. She was in her office talking on the phone to an attorney who was peppering her with questions about a lawsuit in which she was serving as an expert witness. For the upcoming court case, this was a vital conversation. But it was also doomed. It was June 23, 2005, around 10 a.m., and judging from the flood of e-mail alerts that were lighting up her computer screen, it could only mean one thing: The Supreme Court had rendered a verdict in Kelo v. New London. The city of New London, CT, had wanted to take residen- tial homes in order for private developers to build a hotel, offices, parking space and retail shops to complement a nearby Pfizer facility. Seven holdouts, led by Susette Kelo, had sued. The decision would shed light on the reach of eminent domain and the definition of public use, questions Chapman Poindexter has spent her career ruminating. “I said, ‘I’m sorry, I’m not paying any attention to you because they’ve just decided Kelo. I can’t talk to you right now. I have to go read this opinion,’” Chapman Poindexter recalls telling the bewildered litigator on the other end of the phone. “My assistant called me, screaming, ‘I’m getting the opinion!’ It was something like the World Series,” she says. When Public and Private Interests Collide The excitement quickly spread. Within hours, the high court’s decision galvanized those in the industry. It was a contentious 5-4 split that gave local governments a new weapon to wield in their pursuit of economic development: broad range to condemn […]

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  • Recent Books

    Obscene Gestures of an Invisible Hand: Financial Doom and the Death of Culture – the Lighter Side By Jeffrey J. Trester, GrW’93 (2005) Entrepreneur Jeffrey J. Trester, a Wharton PhD, creates his own genre—part Wall Street thriller, part financial farce. A Wharton-trained currency trader races to prevent a trading error from spreading into a worldwide depression. “[An] entertaining novel … captures the frenetic scene of the trading floor in vivid detail … colorful personalities and outrageous egos ….” – Kirkus Discoveries Three Billion New Capitalists: The Great Shift of Wealth and Power to the East By Clyde Prestowitz, WG’80 Basic Books (2005) Clyde Prestowitz, a graduate of the Wharton MBA Program for Executives, offers a perceptive diagnosis of the nation’s economic decline under globalization and the rise of India and China. “Globalization is not what you think it is—a seamless integration of the global economy and world financial markets. Prestowitz gets it—and provides a long overdue wake-up call that urges us to consider a very different world order.” – Stephen Roach, Chief Economist, Morgan Stanley The Running of the Bulls:Inside the Cutthroat Race from Wharton to Wall Street By Nicole Ridgway Gotham Books (2005) Angst meets ambition on Locust Walk. Nicole Ridgway, a reporter for Forbes, follows seven diverse Wharton undergraduates during the tumultuous recruiting cycle of senior year. “Hugely informative and supremely entertaining, this is a marvelous book.” – Peter Robinson, author of Snapshots From Hell: The Making of an MBA

  • Josh Resnick, WG’93

    Wharton Alum took Pandemic Studios from Startup to Power Player

  • Knowledge@Wharton

    The Financial Risks of Terrorism: Who should pay for the economic consequences of a terrorist attack in the United States?

  • Alumni Club Update

    Club Spotlight: The Wharton Club of the Triangle: A New Club Takes Flight Raleigh, NC, and the surrounding area have a thriving, deep-rooted tradition of collegiate sports—most famously, ACC basketball. Unfortunately, the technology sector employers in nearby Research Triangle Park have not fared as well as the college sports teams. The resulting downsizing and closings have made the area a transient one, with families coming and going at a rapid pace. This turnover had made it difficult to establish a Club in the so-called Triangle area. For those who wanted to get involved, the nearest Club was over two hours away in Charlotte. Then in the spring of 2004, several Wharton grads got together to discuss starting a local Alumni Club. It was obvious from the first gathering that, although the Triangle area was a mid-tier metropolitan area with only a few hundred Wharton alumni, there was plenty of interest and excitement in establishing a Club. So soon after a few planning meetings and brainstorming, the Wharton Club of the Triangle was born. Sanctioned in July 2004, the Club has gotten off to a fast start. Led by Kevin Brimhall, WG’93, and a steering committee of fellow alumni, the Club has put together a strong slate of events. Social events have included happy hours at local establishments, including a coffeehouse owned by Gray Medlin, WG’80; a cooking class at a classic Italian eatery; and a wine tasting and “Wine 101” discussion at a wine shop owned by Bill O’Neill, WG’94. The summer was highlighted by a discussion with Jason Santamaria, WG’01, about his book The Marine Corps Way. In the fall, Dr. David Hughes, WG’60, a retired professor of Marketing at Kenan-Flagler Business School, UNC-Chapel Hill, led a fun and interactive session on a creative problem-solving methodology that is applicable […]

  • Leadership Spotlight: Beth Wade Nelson, WG’82

    By Kelly J. Andrews Beth Wade Nelson, WG’82 (WEMBA VI), retired three years ago from Neuberger Berman, where she was a partner and managing director. She hasn’t stopped working. The difference is that now she devotes her time to philanthropic causes instead of managing $1.2 billion in assets for individuals. “It was time for me to retire. I wanted to do other things.I didn’t want to wait and find that I regretted what I didn’t do,” she says. Wharton is Nelson’s most important nonprofit endeavor. She serves as a member of Wharton’s Board of Overseers and the Wharton Women’s Task Force and was Chair of the Wharton Fund in 2005. Under her leadership, the Wharton Fund achieved its best year ever, raising more than $7.1 million in unrestricted funds. Nelson is playing a leadership role in getting Wharton MBA Program for Executives alumni involved in the life of the School, and was the challenge donor for the MBA Exec class gift in 2003 and 2004. Nelson has been a member of the Joseph Wharton Club for more than ten years, and she and her husband Gary A. Glynn, WG’70, named a classroom in Jon M. Huntsman Hall. “I never forget that the reason that I’m able to give charitable gifts is that I went to Wharton,” she says. Nelson’s level of success shows the tenaciousness that characterized her career from the earliest days. An undergraduate music major, Nelson struggled to work as an oboe player. In order to pay her rent, Nelson entered the finance field as a secretary and worked her way up the finance ladder for 10 years before applying to Wharton. “It took a lot of perseverance, but I did any job—mostly those that no one else would do in order to learn skills that would take […]

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