The latest issue is already available. For those of you who will do not receive it on the e-mail, you can read it at http://magazine.uchicago.edu/uchicago/081014.html
Posted by: Carmen Espinosa | October 15, 2008
Uchicago News for Alumni and Friends
Posted by: Carmen Espinosa | October 13, 2008
Nobel Prize in Physics, message from R.J. Zimmer
From: Robert J. Zimmer. Date: October 7, 2008
Re: Nobel Prize in Physics
I am delighted to tell you that Yoichiro Nambu, the Harry Pratt Judson Distinguished Service Professor Emeritus in Physics and the Enrico Fermi Institute, has been awarded the 2008 Nobel Prize in Physics.
Professor Nambu, who has been a scholar at the University of Chicago since 1954, is one of the leading figures in the development of modern particle physics. His work has contributed to our understanding of the world ranging from the structure of the early universe to the behavior of magnetic materials.
In its citation, the Nobel Foundation credited Professor Nambu with “the discovery of the mechanism of spontaneous broken symmetry in subatomic physics.” He was awarded the Nobel Prize jointly with Makoto Kobayashi and Toshihide Maskawa in Japan for their work on the origins of broken symmetry.
Professor Nambu founded the concept of spontaneous symmetry-breaking, or SSB, while studying superconductivity in the 1960s and then applied his theory to particle physics. His theories predicted the existence of massless particles.
The Nobel Prize also recognizes his significant contributions to the “color gauge theory,” which explains how the strong nuclear force governs the behavior of the quarks that make up protons and neutrons in atomic nuclei, and his contributions to String Theory, one of the most actively explored theories in physics today.
Professor Nambu was born in Tokyo in 1921 and received his B.S. degree in 1942 and his D.Sc. degree in 1952 from the University of Tokyo. He joined the University of Chicago as a research associate in 1954, advancing through the faculty ranks. He served as chair of the Physics Department from 1974 to 1977, and became an emeritus professor in 1991. His previous honors include the Wolf Prize in Physics, National Medal of Science, Dannie Heineman Prize for Mathematical Physics, J. Robert Oppenheimer Prize, and the Order of Culture from the government of Japan.
Professor Nambu joins 81 other Nobel laureates who have been affiliated with the University, including 27 prior recipients of the Nobel Prize in Physics.
Posted in General
Posted by: Carmen Espinosa | October 13, 2008
Understanding the economic crisis
To keep updated on the economic crisis you should check Understanding the economic crisis from a variety of points of view: University of Chicago faculty provide their perspectives
The latest news from our faculty members and their views are the following:
U.S. Financial Crisis, October 13, 2008
Luigi Zingales offers advice on how to fix the credit mess
Luigi Zingales, Robert C. McCormack Professor of Entrepreneurship and Finance, says “quickie bankruptcies” are the best way to solve the financial crisis. Writing in an “On My Mind” column in Forbes October 27, he said, “Countless kibitzers told Hank Paulson that there was a better way to rescue the financial system than to buy up bad mortgage paper. Many believe the government should buy preferred stock, the way Warren Buffett is doing. Here’s a third way to end the crisis. It’s simple and it doesn’t cost taxpayers a dime. My proposal is to streamline bankruptcy in a way that would allow banks to restructure their debt and restart lending. This special Chapter 11 would be temporary, lasting only one year.” The plan “upholds the free market principles that we live by,” he wrote.
Recapitalize banks in Europe to solve the financial crisis there
Christian Leuz, Joseph Sondheimer Professor, says “instead of saving one failing bank at a time or competing with each other for deposit insurance, European regulators and governments should unite and come up with a joint response to the crisis before the situation spirals out of control.” Writing in an op-ed in the Wall Street Journal Europe October 9, Leuz said, “The markets are concerned about the undercapitalization of banks regardless of the regulatory rules. There are several ways to recapitalize the banking system. One promising proposal is to insist that banks raise the equivalent of, say, 2% of their assets through a rights offer … A mandatory recapitalization avoids the negative signal to the market that an effort to raise capital by a single bank would send in this environment.”
Anil Kashyap supports government plan to buy up parts of U.S. banks
Anil Kashyap, Edward Eagle Brown Professor of Economics and Finance, says the U.S. government’s plan to possibly buy up parts of troubled banks is a better solution than just buying up troubled assets or letting the economy grind to a halt. In an interview on NPR’s “Day to Day” program October 9, Kashyap said the credits markets are frozen because banks are unwilling to lend to each other. For that situation to change, banks need to become confident that if they do lend to other banks, they will get their money back. Sitting by and letting the banking system grind to the ground is certainly not in the national interest, he said. “At this point if the choice is to let the banking system implode or use some government money in an intelligent way to prop up the banking system, almost all responsible economist here and elsewhere would choose the latter.”
Posted in General
Posted by: Carmen Espinosa | October 13, 2008
Luch with Antonio Llardén
Dear Chicagos,
You should have in your mail an invitation from our President, Francisco Trullenque. But let me remind you all that on October 30 we will have a lunch-debate with Antonio Llardén, Executive President of ENAGAS (which, as probably all of you already know, is the Gas transportation company in Spain). He will share with us his unique views about the energetic challenges we are facing nowadays and towards the future. Having him with us is a privilege and a unique opportunity not to be missed.
We encourage all of you to assist to the event and I look forward to seeing you there.
Attached, please find a detailed invitation which we summarize here for your convenience:
EVENT: “La encrucijada energética”. A Lunch-debate with Antonio Llardén – Executive President of ENAGAS.
PLACE: Strategy & Focus – Almagro 23, 2 planta – Madrid.
DATE: October 30, 2008
TIME: 14:00 sharp. As Mr. Llardén has a very tight schedule, we urge you to please be punctual.
ORGANIZATION: The University of Chicago Club of Spain and the MIT Club of Spain.
GUESTS: All individual members from Ryder Club member organizations.
PRICE: 35 euros. Advance registration and payment required.
Posted by: crodriguez64 | June 24, 2008
La Administración ante emprendedores y Business Angels
El número de redes de Business Angels en España ha crecido en los últimos años. El número de inversores privados, sin embargo, sigue invariable. Con la incorporación de los últimos 10 nuevos países a la Unión Europea y el desarrollo económico de España en los últimos años, la mayoría de las Comunidades Autónomas ha superado el 90% de la media del PIB per cápita y han dejado de recibir las ayudas que venían percibiendo de la UE.
La reacción de las Consejerías de Economía de varias comunidades autónomas para paliar la pérdida de capital, ha sido la de impulsar Sociedades de Capital Riesgo apoyándose en las Cajas de Ahorro de la Comunidad y la de organizar redes de Business Angels.
Partamos de la base de que la Administración no se debería involucrar en la iniciativa privada para no distorsionar los incentivos y controles que el mercado ofrece. Son innumerables los errores que han cometido Administraciones de todos los colores políticos apoyando la creación y el desarrollo de proyectos que solo eran viables si se recibían ayudas públicas. La mayoría de esas iniciativas ha fracasado.
Sin embargo, ya que la Administración se quiere adentrar en este campo, nos guste o no, deberíamos contribuir a que su esfuerzo no resulte fútil o peor aún, contrario al interés general.
Si las inversiones del Capital Riesgo tienen mucho mayor riesgo que la inversión en bolsa, las inversiones de capital semilla o en primera ronda de inversión son las más arriesgadas que ningún inversor puede realizar. Cualquier intento público de intervenir en este mercado debería orientarse a reducir ese riesgo; de lo contrario, la administración haría mejor en reducir sus gastos y reducir la carga fiscal a votantes y contribuyentes.
Reducción del riesgo de la inversión
¿Cómo podemos reducir el riesgo de una inversión en primera ronda? Estas son mis propuestas:
- Anexando préstamos blandos subordinados a la inversión de los Business Angels con lo que se conseguiría ampliar la base del capital sin diluir los intereses de los empresarios en el proyecto empresarial.
- Sindicando la inversión con otros inversores privados para incrementar el capital aportado.
- Completando la inversión con préstamos participativos
- Repartiendo las apuestas del Business Angel en al menos 10 inversiones (Limitando a 5 el número de inversiones que el Business Angel va a gestionar activamente. El resto de inversiones en las que el BA participe deberán ser gestionadas por otros inversores de confianza)
- Reservando en cada inversión suficiente capital como para poder acudir a la segunda ronda (30/70 o 40/60 son proporciones aconsejables entre 1ª y 2ª ronda)
- Invirtiendo solo en proyectos en donde la segunda ronda no sea demasiado grande para el inversor
- Eligiendo proyectos donde haya química entre el Business Angel y el Empresario.
- Seleccionando inversiones que se ajusten a la experiencia del Business Angel
- Verificando que hay un buen equipo y un buen líder detrás del proyecto.
- Eligiendo proyectos en donde el emprendedor se juegue mucho (inversión propia más inversión de familiares y amigos)
- Verificando que el tamaño del mercado sea suficientemente grande
- Eligiendo empresas de modelo de negocio escalable
- Realizando el test de las 5 fuerzas de Porter ya que, como dijo Warren Buffet, “ni el mejor Directivo va a tener éxito en una industria que lo tiene todo en contra”
- Realizando el test de creación/captura/retención del valor. La retención de valor debe preocupar especialmente al inversor para no apoyar inversiones cuyo valor se lo pueden llevar los empleados una vez la idea esté funcionando.
- Chequeando la comerciabilidad y aceptación del producto en una prueba cuasi real de mercado
- Asegurándonos que el emprendedor entiende que tarde o temprano tiene que perder el control de su empresa.
- Ayudando al emprendedor a mejorar el Business Plan con unas buenas proyecciones financieras y en las sucesivas rondas de financiación hasta que entre el Capital Riesgo o no haga falta más capital.
El papel de la Administración
De todas estas opciones, ¿En cuales podría prestar ayuda la Administración?
1.- Prestamos blandos subordinados anexos a la inversión de los Business Angels. Este mecanismo debería funcionar automáticamente cada vez que un Business Angel privado arriesga su capital y su tiempo en un proyecto empresarial.
9,10, 11,12,13 y 14.- Recopilando y estructurando suficiente información sobre el equipo directivo y su líder, sobre el tamaño del mercado, sobre la escalabilidad del negocio, realizando el análisis de porter y reflexionando en alto sobre la retención de valor del negocio. Toda esa información incluyendo un sumario del negocio ha de presentarse a los inversores potenciales en un resumen ejecutivo estandarizado.
Más allá de estas propuestas, un servicio público de ayuda a emprendedores debería prestar ayuda a los emprendedores a realizar/completar su plan de negocio incluyendo ayuda para realizar una proyección financiera del negocio profesional y completa.
Para ayudar a los inversores podría esponsorizar desayunos de capital-proyectos para presentar regularmente los proyectos empresariales que estén naciendo en la región. Tenemos que tener en cuenta, no obstante, que un buen proyecto podría no encontrar interés alguno de no acudir a esa reunión el tipo de inversor apropiado para ese emprendedor. Hay que dar al emprendedor, por lo tanto, oportunidades de presentar ese proyecto en otros foros de inversión.
Por último, los emprendedores no son super-mujeres o super-hombres y tienen por lo tanto lógicas carencias formativas. Tal vez sean muy buenos técnicos, pero pueden tener grandes lagunas en administración, contabilidad, banca, contratos de personal, contratos de inversión, venta, negociación, organización. La formación reglada no es una solución para el emprendedor y tenemos que organizar cursos breves en banca, contratos, etc que aporten una pequeña, pero suficiente, capa formativa.
En EEUU estos servicios no los ofrece la Administración sino ONGs privadas apoyadas por la administración y por decenas de empresas que les esponsorizan.
Mientras esto no ocurra, orientemos a la Administración a gastar nuestro dinero del mejor modo posible.
Desde la Universidad de Chicago estamos dispuestos a prestar nuestra asesoría a organismos públicos, emprendedores y Business Angels.
César Rodríguez – MBA’06 – University of Chicago Graduate School of Business.
César ha creado 4 empresas aún existentes, levantó €8,6M de capital privado, vendió una empresa y dirige su actual empresa con más de 30 empleados y €10M de facturación. Actualmente impulsa 4 futuras spin-offs y un proyecto empresarial en su empresa y es inversor privado en diferentes start-ups. En la actualidad César presta apoyo a emprendedores desde el Club de Antiguos Alumnos de la Universidad de Chicago en España.
Posted in Emprendedores | Tags: Administración, Business Angels, capital semilla, early stage, emprendedor, Entrepreneurs, prestamo participativo, Seed Capital
Posted by: Carmen Espinosa | May 23, 2008
Indiana Jones
Forget about the rankings at the FT, this is huge publicity for the UoC. Yes, Indiana Jones is a Chicago boy.
In his latest film (Indiana Jones and the Kingdom of the Cristal Skull) he announces to the world that he studied at the University of Chicago. I have to go back to watch the movie because I still can´t believe it.
Sorry, he does not give details about which school attended, but I do not think he took his Phd at the Gleacher Center. I am aware that since I took an Executive MBA I had missed all the experiences that come from living in Campus, but I never imagined this!
Any clues about where he learned how to use the whip and how to carry his hat in such a charming way?.
Posted in General
Posted by: Carmen Espinosa | May 19, 2008
Press Release by the Economist Intelligence Unit
Environmental risk is rising up the corporate agenda, but companies still rarely consider it formally when undertaking major strategic activities
Stakeholder pressure, the complexity of business relationships and the threat from climate change are encouraging companies to assess more carefully the environmental risks that they face, according to Under the
Spotlight: the transition of environmental risk management, a new Economist Intelligence Unit survey and report sponsored by ACE, KPMG, SAP and Towers Perrin. Among the 320 risk managers questioned for the study, the majority say that they are increasing the attention and resources that they dedicate to environmental risk management.
Many companies are still at the early stage of the process, however. To date, this category of risk has tended to be managed either as an ad hoc activity or separate from the overall risk management framework. When companies are planning major strategic activities, the consideration of environmental risk remains the exception rather than the rule. Less than half of respondents say that they undertake a formal assessment of environmental risk when developing new products and services, and fewer than one in five when planning mergers and acquisitions.
A key challenge for many companies appears to be a lack of visibility beyond the walls of their own organisation. The complexity of today’s supply chain and the interconnected web of partner organisations that support most businesses give rise to “blind spots” in a company’s ability to manage environmental risk effectively across the entire enterprise.
“Environmental risk management is rising up the corporate agenda, but many companies are in the early stages of addressing this issue,” says Rob Mitchell, editor of the report. “While there are some companies that take environmental risk very seriously and have developed robust processes to identify, assess and mitigate their exposure, others continue to manage environmental risks in an ad hoc way, and do not consider them when planning major strategic activities such as mergers and acquisitions.”
Other key findings of the report include the following:
● A positive impact on reputation is a key benefit of environmental
risk management. Companies in the survey clearly recognise that they can enhance their reputation by managing environmental risk effectively.
Six out of ten respondents say that an enhanced reputation with customers is the main benefit of effective environmental risk management. Better reputation with investors is seen as the second most important benefit.
● Climate change is an opportunity as well as a risk. Although
recognising that climate change could have a devastating impact on economic growth and the business community at large, respondents see new and emerging opportunities associated with society’s efforts to address the problem. Asked to rate the significance of opportunities and risks arising from climate change, 44% saw the risks as significant but a slightly higher proportion (49%) saw the opportunities as significant.
This was particularly true for financial services firms, which may recognise new opportunities from activities such as carbon trading or insurance products.
● Uncertainty about the scale of liabilities is the main barrier to
effective environmental risk management. Asked about the factors that hindered their ability to manage environmental risk, respondents point to the difficulty of knowing the scale of their environmental liabilities as the main obstacle. The high degree of uncertainty associated with climate change, extreme weather events and other major environmental risks creates significant difficulties for companies seeking to identify and quantify their exposure. But the huge potential for loss arising from these liabilities demonstrates the importance of a rigorous process to convert this uncertainty into a risk that can be managed effectively.
Under the spotlight: the transition of environmental risk management is available free to download at www.eiu.com/globalriskbriefing
Press enquiries:
Economist Intelligence Unit
Joanne McKenna, Press Liaison, +44 (0)20 7576 8188, joannemckenna@eiu.com Rob Mitchell, Senior Editor, +44 (0)20 7576 8244, robmitchell@eiu.com
About the survey
The research for this report is based on an online survey, conducted in March 2008, of 320 executives around the world. The survey sample was
senior: 40% of respondents were C-level executives such as CEOs, CFOs, and CROs, and the balance consisted of risk managers, senior vice presidents, heads of business units and other senior managers. A range of industries was represented, including financial services, manufacturing, information technology and professional services. Most of the firms they work for are large: 58% of surveyed executives work with firms having annual revenue of at least US$500m.
About the Economist Intelligence Unit
The Economist Intelligence Unit is the business information arm of The Economist Group, publisher of The Economist. Through our global network of about 650 analysts, we continuously assess and forecast political, economic and business conditions in 200 countries. As the world’s leading provider of country intelligence, we help executives make better business decisions by providing timely, reliable and impartial analysis on worldwide market trends and business strategies.
About the sponsors
The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited
(NYSE: ACE), a component of the Standard & Poor’s 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com
KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 144 countries and have more than 104,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. KPMG International provides no client services. KPMG and the KPMG logo are registered trademarks of KPMG International, a Swiss cooperative: www.kpmg.com
SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.”
(For more information, visit www.sap.com)
Towers Perrin is a global professional services firm that helps organizations improve performance through effective people, risk and financial management. The firm provides innovative solutions in the areas of human capital strategy, program design and management, and in the areas of risk and capital management, reinsurance intermediary services and actuarial consulting. Towers Perrin has offices and alliance partners in the United States, Canada, Europe, Asia, Latin America, South Africa, Australia and New Zealand. More information is available at www.towersperrin.com.
Joanne McKenna
Press Liaison
Economist Intelligence Unit
26 Red Lion Square
London
WC1R 4HQ
UK
Direct: +44 (0) 20 7576 8188
Sales: +44 (0) 20 7576 8181
Switchboard: +44 (0) 20 7576 8000
email: joannemckenna@eiu.com
general enquiries: london@eiu.com
For global business intelligence, visit www.eiu.com
Posted in EIU Reports
Posted by: Carmen Espinosa | May 12, 2008
Luis Alvarez, President of EMEA and Latinamerica at BT Global Services
Dear Chicagos,
I am very pleased to announce you a key event in Madrid, this time organized together with the MIT Club, on June 2 where we will have with us Luis Alvarez, President of EMEA and Latinamerica at BT Global Services. It is a great opportunity for all alumni interested on personally meting and sharing ideas with one of the key players in the global Telecom Industry.
The format of the event will be a lunch-debate. The space is limited and confirmations should be sent as soon as possible.
Attached you will find all the details of the event and the registration guidelines (comida-debate-luis-alvarez-20080612).
I hope to meet you there.
Best regards,
Francisco Trullenque
President – The University of Chicago Alumni Club of Spain
Managing Director
Strategy & Focus
Posted by: Carmen Espinosa | May 8, 2008
Tertulia de la Asociación Fulbright
Antonio Escobar, Presidente de la Asociacion Fulbright de España, nos invita a su próxima tertulia. A continuación adjunto los detalles que nos ha hecho llegar:
TERTULIA MARTES 13 DE MAYO 2008: MULTILINGÜISMO EN LA ANTIGÜEDAD Y LA EDAD MEDIA
PONENTES: SOFIA TORALLAS y HELENA DE FELIPE. 20:00 ETSI Industriales (C/Jose Gutierrez Abascal 2), Sala “Puig Adam”
Queridos amigos,
La convivencia entre distintas lenguas y culturas es una cuestion central de nuestro mundo globalizado del siglo XXI, que conecta directamente con el espiritu con el que fueron creadas las becas Fulbright y por lo tanto con los fines de nuestra Asociacion.
Pero, siendo este un asunto de gran actualidad y especialmente en nuestro pais, a veces es mas facil comprenderlo tomando distancias y acudiendo al analisis de situaciones historicas ya lejanas en el tiempo.
Porque lo cierto es que el multilingüismo es una caracteristica destacable de las sociedades antiguas, cuyo estudio es tanto mas digno de interes cuanto, al carecer de hablantes vivos de tantas lenguas de la Antigüedad y Edad Media, muchas de ellas perdidas, solamente se pueden lanzar hipotesis basadas en los restos escritos que han quedado de esas sociedades.
Por ello, nos ha parecido muy atractivo contar con especialistas que nos ilustren sobre el multilingüismo de tiempos remotos, centrandose en dos casos singulares, como son Egipto y el Norte de Africa, a lo largo de un periodo que va desde la epoca grecorromana al principio de nuestra era hasta la conquista arabe e islamizacion del Magreb.
Tendremos el placer de contar como ponentes con: SOFIA TORALLAS Y HELENA DE FELIPE
SOFIA TORALLAS, actualmente Cientifica Titular en el Instituto de Lenguas y Culturas del Mediterraneo y el Oriente Proximo del CSIC, es Doctora en Filologia Clasica por la Universidad Complutense de Madrid. Amplio estudios en Bochum (Alemania), Estocolmo y Londres, donde se formo en las disciplinas de Papirologia y Coptologia.
Es especialista en el Egipto de epoca grecorromana, papirologia e historia del legado escrito. Desde el año 2002 es Conservadora de una de las colecciones de papiros mas importantes de nuestro pais, el fondo Roca-Puig de la Abadia de Montserrat, y tambien colabora en la catalogacion del fondo Palau Ribes del Archivo Provincial de los Jesuitas de Barcelona.
HELENA DE FELIPE, actualmente contratada por el Programa Ramon y Cajal en la Universidad de Alcala de Henares, es Doctora en Filologia (Estudios arabes e islamicos) por la Universidad Complutense de Madrid y se ha especializado en la historia de los bereberes en al-Andalus, el Magreb en epoca medieval y las relaciones hispano-marroquies en
epoca colonial. Ademas de articulos y capitulos de libro, es autora del libro “Identidad y onomastica de los bereberes de al-Andalus” y co-editora de “El Protectorado español en Marruecos: gestion colonial e identidades”.
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Despues de la conferencia, iremos como de costumbre a cenar al Cafe Hispano.
Posted by: Carmen Espinosa | May 7, 2008
Talent wars set to intensify
If finding the right employees isn’t challenging enough, companies in the developed world are about to face a new challenge – recruiters from emerging markets. A survey by the Economist Intelligence Unit, sponsored by SAP AG, found that when talent isn’t available locally, companies in emerging markets will look to western Europe and North America to fill their vacancies.
This is particularly onerous as ageing populations and declining birth rates in much of the developed world are beginning to cause a talent crunch. In some countries, such as Japan, the problem is particularly acute. Three-quarters of Japanese executives view the ageing population as the primary factor in the talent gap their firms are facing.
Businesses across the world are worried—of the 587 executives polled for this survey, nearly two-thirds expect employee recruitment and retention to become tougher over the next three years, and over one-fifth see this as becoming “significantly harder”. Faced with this situation, talent management is high on the corporate agenda.
“Organisations need to start thinking creatively about how to resolve the talent shortage issue,” says Robin Bew, Editorial Director at the Economist Intelligence Unit. “Hiring a head-hunter to poach employees from a rival firm is not a sustainable solution.”
Other key findings of the report include the following:
- Soft skills are the most sought after, but the hardest to find. The ability to manage change, to think strategically and to communicate effectively are the most wanted skills, yet these skills are in the shortest supply.
- Talent management is too important to leave only to HR. Having recognised people as a core competitive asset, companies are treating talent management as an integral part of their business strategy. A majority of survey respondents believe that the most effective talent-management strategies are devised and implemented by business units themselves and supported by the HR function.
- A more creative approach is needed. Companies are continually told that to stay competitive they need to be more innovative. This is no less true of talent management. Firms will need to recruit not only from other countries but also from other industries, for example, and they will also need to work more proactively with universities as well as other businesses to develop training programmes and help expand the available pool of skilled employees.
Posted in Career, EIU Reports
Posted by: Carmen Espinosa | May 7, 2008
Yale organiza una cena con el Director del Reina Sofia
El Presidente de YALE tiene la amabilidad de invitarnos a una cena con el Director del Museo Reina Sofia. Por favor notad que debéis contactar con Bertram para confirmar vuestra asistencia. No os lo perdáis, las cenas organizadas por YALE son siempre muy agradables y yo ya me he apuntado.
YALE CLUB OF MADRID
Dear Fellow Yale Club Members and Friends:
You are cordially invited to a Yale Club of Madrid
Cocktail, Dinner & Colloquy with
Manuel Borja-Villel
Since Jan. 2008, Director of the Museo Nac. Centro de Arte Reina Sofia
From 1980 – 1981 a Fulbright Scholar at Yale University
“How Madrid Stole the Idea of Modern Art from New York”
Monday 2 June
8:30 pm – Cocktail
9:30 pm – Dinner, followed by colloquy
Hotel Intercontinental Madrid
Paseo de la Castellana, 49
Price per person: 43 euros
We are most fortunate to be one of the first institutions in Madrid to host our distinguished member of the Yale Club. In the attachment you will find a description of the meteoric career of Manuel. Born in the small town of Burriana (Valencia), he received his B.A. in the History of Art at the Universitat de Valencia, applied for and was granted in 1981 a Fulbright Scholarship to study art at Yale (simultaneously with his friend and our former speaker Vicent Todoli – presently Director of the Tate Modern in London), and remained for a total of 10 years in the U.S., achieving his PhD in the History of Art from the City University of New York. Since returning to Spain, he was named the Founding Director of the Fundació Antoni Tàpies from 1990-1998, and from 1998-2008 was Director of the MACBA in Barcelona.
Truly an important figure in the art world, Manuel will share with us his firm views regarding the center of gravity in great contemporary art shifting from New York back to Europe, and in particular to Madrid, in recent years. With Valencia contributing the museum directors at two of the four most important world museums of contemporary art, we are indeed proud that both studied at Yale, thanks to Fulbright grants. Manuel has wasted no time in announcing various changes at the Museo Reina Sofia, and noone doubts that he will leave a most significant and personal mark on this great institution.
We are hopeful that Manuel will share with us some of his amusing and significant experiences when he first arrived in the U.S. with limited command of the English language, and the important influences on his life and career during his 10 year stay in the U.S. He will speak to us in Spanish, and welcome questions and comments in either language. We are looking forward to a truly stimulating and simpático evening with Manolo.
RSVP (indicating guests by name and Alumni Club affiliation, if any) by telephone, fax or e-mail to Bertram Schader no later than Friday, 30 May
We look forward to seeing you at this gathering of the Yale community in Madrid.
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Bertram R. Schader |
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President |
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Tel.: 91 564 98 08 |
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Fax: 91 564 98 11 |
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Posted by: Carmen Espinosa | May 6, 2008
Desayuno con Angel Borrego, arquitecto
El próximo día 6 de junio Angel Borrego nos hablará de Arquitectura, y en particular de su proyecto de nuevo Registro Civil en el Campus de la Justicia de Madrid. Este desayuno está organizado por los Clubs de Antiguos Alumnos de Chicago, de la ESCP-EAP y de becarios de la Fulbright.
Para saber más sobre Angel os incluyo una breve reseña biográfica:
Angel Borrego es doctor arquitecto por la ETSA de Madrid, MArch por la Universidad de Princeton (New Jersey, EEUU) donde fue becario Fulbright. Ha sido profesor en la Universidad de Princeton, el Pratt Institute de Nueva York, la Universidad de Alicante y ahora de la Escuela Técnica Superior de Arquitectura de Madrid.
Ha expuesto, entre otros, en la sala de arquitectura del Ministerio de Fomento, Centro Museo Vasco de Arte Contemporáneo Artium, la Sala Amadís, el Colegio de Arquitectos de Cataluña… Ha publicado en diversas revistas especializadas. Fundador y director de OSS, oficina de arte y arquitectura radicada en Madrid interesada en las diferentes manifestaciones del espacio público en la sociedad contemporánea. El rango de trabajos que realiza con ella es muy diverso: arquitectura y espacio público, propuestas de investigación colectiva como IIAVE, Constitución Americana 2.0, Ensanche AMMPLIO o el proyecto www.wordww.net, exposiciones y publicaciones.
Posted in General
Posted by: Carmen Espinosa | May 6, 2008
Pedro Callol en Expansión
Movimiento inesperado en el Magic Circle en España. Así se podría interpretar la jugada que acaba de orquestar el bufete catalán Roca-Junyent, que ha arrebatado a Allen & Overy su director del Área de Competencia, Pedro Callol, y una parte de su equipo aún por concretar.
Callol, hasta ahora Of Counsel (Consejero) en la firma británica, pasará a dirigir como socio el Departamento de Competencia en Roca. “Allen y Overy es un bufete magnífico. Me han tratado muy bien; pero me han llegado varias oportunidades muy buenas”. Con estas escuetas palabras, explicaba Pedro Callol a EXPANSIÓN su marcha del despacho, que, según fuentes del sector, habría comunicado esta misma semana al director de Allen, Íñigo Gómez-Jordana.
Junto a Callol, se marchará parte del equipo de competencia de Allen & Overy, según fuentes consultadas. Callol no ha querido confirmar a este periódico si alguno de sus colaboradores partirá con él a Roca. En cambio, sí ha asegurado que el despacho catalán pergeñará un “equipo potente” en Competencia dentro de poco tiempo.
Roca-Junyent ha ratificado a EXPANSIÓN la llegada de Callol. En principio, la firma piensa hacer público hoy su nuevo fichaje, pero no ha querido confirmar cuántos profesionales de Allen seguirán al jefe de Competencia.
Callol augura, además, un buen futuro a la firma catalana. “Roca tiene una excelente masa crítica en España y yo puedo aportar una gran red de contactos, tanto nacional como internacional”, dice el letrado. En principio, Callol se moverá a caballo de las oficinas de Madrid y Barcelona.
Allen y Overy es uno de los despachos más importantes del mundo y forma parte del conocido como Magic Circle británico, las cinco firmas más relevantes de las Islas y, por ende, de muchísima influencia en el resto del globo.
Desde que comenzaron a desembarcar en España, los bufetes británicos han sabido apretar con fuerza a las firmas nacionales, que dominaban hasta entonces plácidamente el mercado. Esto ha sucedido hasta tal punto que algunos despachos del magic circle se han situado como líderes en ciertas áreas en nuestro país.
El reciente ránking de Legal 500 –ver EXPANSIÓN de 15 de abril de 2008– daba muestra de este empuje: Clifford Chance era la tercera firma recomendada en España, por detrás de Uría y Garrigues; pero, además, Allen & Overy entraba en el top de Derecho Bancario.
El fichaje de Roca llega en un momento en el que el mercado legal de fichajes atraviesa un momento difícil, ya que está viviendo un parón motivado por la propia ralentización económica, que se ha materializado en un importante descenso en el número de operaciones en las que están asesorando los bufetes. Así lo reflejaron los primeros resultados de Mergermarket, publicación especializada en Fusiones y Adquisiciones.
La carrera de Callol en Allen & Overy comenzó en 2002, cuando llegó desde la firma Arnold & Porter, en Washington; y a los cuatro años, en 2006, ya era Of Counsel y director del Departamento de Competencia. Antes de decidirse por Roca, recibió otras dos ofertas: letrado del Tribunal de Justicia de las Comunidades Europeas y jefe de Derecho Europeo en una multinacional norteamericana.
En su persecución de un puesto en la élite del mercado legal de la Competencia en España, a Roca-Junyent le queda aún un largo camino por recorrer. Los catalanes facturaron 32 millones de euros en 2006, lo que les sitúa en el puesto 14 en el ránking elaborado por este periódico –ver EXPANSIÓN de 26 de junio de 2007–, es decir, una buena posición en la media tabla española.
Sin embargo, en el ámbito de Competencia, la firma no aparece entre los nueve recomendados por Legal 500 para esta práctica concreta, liderada en la actualidad por Clifford Chance, Freshfields, Howrey Martínez Lage, Linklaters y Uría Menéndez. En la siguiente escala están Cuatrecasas, DLA Piper, Garrigues y Gómez-Acebo.
En el ojo del huracán
El historial de Pedro Callol no tiene desperdicio a pesar de su relativa juventud. Dirigió el equipo de Allen & Overy que asesoraba en competencia a los financiadores en la OPA de Endesa; participó en el asesoramiento de la OPA lanzada por TIC, el fondo de Dubai, sobre Colonial (que no fructificó) y en la OPA de Imperial Tobacco sobre Altadis.
Callol, que ha trabajado en Allen & Overy desde 2002, es licenciado en Derecho por la Universidad Complutense, máster en Derecho Europeo por el Colegio de Europa y postgrado de la Universidad de Chicago (programa Fulbright). Con más de diez años de experiencia en Derecho de la Competencia, fue nombrado Of Counsel en 2006. Sus áreas de práctica versan sobre las cuestiones de Derecho de la Competencia y regulatorio en el área de Corporate, incluyendo fusiones, adquisiciones, acuerdos comerciales y joint ventures.
Posted in General, Nuestra gente
Posted by: Carmen Espinosa | May 5, 2008
Desayuno con Juan María Nin
Ya tenemos las fotos del desayuno cargadas en flickr. No han quedado muy bien tecnicamente pero se nos reconoce a todos (aunque tengamos los ojos rojos). Hemos recibido muchos comentarios entusiastas sobre el desarrollo de este desayuno y dado el éxito estamos moviendo contactos para organizar muchos más en el mismo marco. Destacar que uno de los comensales en la mesa de presidencia se ha presentado voluntario para ponernos en contacto con primeros speakers.
Si alguno de vosotros quiere proponer algún primer directivo con el que tenga contactos para nuevos desayunos enviarme vuestras ideas a mi e-mail (c.espinosaelvira@gmail.com) y vemos juntos como articular su participación.
Posted by: psimons | April 21, 2008
Your Data
Hi All,
Our University of Chicago Spain Alumni Club is growing, becoming more active than ever before and even becoming a platform where members meet to do business together. We only dreamt about that in 1998.
It is important that we have all your data: currently we have 371 active emails that receive our messages. Of these 371 there are 260 of that we know who they are and what they do. I would be happy to receive more data from our members.
What do we need?
First Name
Second Name
UoC Degree and year
Company
Job title
Business Phone
Mobile Phone
Home Phone
Address
City
Zip Code
Country
It would be great if those not updated their data yet would email me at peter.simons@chicagogsb.edu
Take care,
Peter
Posted in General
Posted by: Carmen Espinosa | April 21, 2008
Desayuno con Carlos Alemany
Carlos Alemany nos habló de la situación actual del sector de head-hunting y de la importancia de gestionar activamente nuestra carrera. Algunos me habéis pedido la presentación pero Carlos aún no me la ha enviado. Lo que si tenéis disponble son las fotos del evento en flickr.
Posted in General
Posted by: Francisco Trullenque | April 15, 2008
EVENT MADRID – Alumni Bocconi: visita guiada exposición “El Pan de los ángeles”(18.4.08-17h30)
Amigos de Ryder Club,
es un placer poder invitaros a una visita guiada en castellano de la
exposición “El Pan de los ángeles”
Lugar: Caixaforum Madrid – Paseo del Prado 36
Fecha: Viernes 18 de abril de 2008
Horario: de 17.30 a 18.30 (aprox)
Coste: 1 € x participante (se paga al organizador en el momento)
Plazas limitadas: max 30 personas; en caso de sobrepasar las 30
personas se dará prioridad al orden de confirmación
Para poder participar es necesario confirmar previamente por correo
electronico a Francesco Prencipe (responsable cultura Alumni Bocconi
Madrid): Opera@rocketmail.com
Esta exposición presenta una extraordinaria colección de arte
italiano perteneciente a los fondos de la Galería de los Uffizi: 45
piezas que habitualmente no se exhiben, del siglo 15 y 17, entre las
que hay pinturas de Botticelli, Parmigianino, e Luca Giordano.
http://www.elpais.com/fotogaleria/Panes/peces/tapices/5247-5/elpgal/
Un saludo,
Massimo FABRIS
Posted in Events
Posted by: Francisco Trullenque | April 15, 2008
EIU – Latest Global Forecast- Economist Intelligence Unit
This is sent from the Economist Intelligence Unit London press office.
For immediate release: Tuesday, April 15th 2008
Press enquiries
Joanne McKenna: joannemckenna@eiu.com / +44 (0)20 7576 8188
Latest Global Forecast
PLEASE NOTE: This full report is for journalists’ information only. ©
2007 The Economist Intelligence Unit Limited. You may report on it but you may not reproduce all or a substantial part of the report.
Key changes since March 13th 2008
- The Economist Intelligence Unit maintains its forecast for US real GDP growth in 2008 and 2009 at 0.8% and 1.4% respectively. The downside risk to this forecast has, however, risen, particularly in the light of the sharp deterioration of the jobs market in the first quarter. There is also still no end in sight to the US housing slump and normalisation
of the financial markets in the short term seems unlikely.
- We have revised our policy assumptions for the US and now expect the Federal Reserve (Fed, the US central bank) to cut the federal funds target rate by another 75 basis points over the remainder of this quarter and in the third quarter. This will take the policy rate down to 1.5% by end-September. Policy tightening will begin in 2009, with the fed funds rate set to reach 3% by the end of that year.
- We have also made extensive revisions to our US$:€ forecast in the light of the US dollar’s recent weakness and now expect that the US currency will average US$1.54:€1 in 2008 (US$1.46:€1 previously) and
US$1.48:€1 in 2009 (US$1.33:€1 previously). We also expect the US dollar to be weaker over the remainder of the forecast period than previously assumed.
- We have revised down our forecast for the euro zone in 2008 and 2009 to 1.5% and 1.8%, respectively, from 1.6% and 1.9% previously. This largely reflects a downgrading of our forecast for Spain, which is suffering the fallout from the bursting of its housing bubble. The short-term real GDP forecast for Japan has also been trimmed to 1.1% in
2008 and 1.3% in 2009 (from 1.3% and 1.4% previously) to take account of the negative impact on exports from the yen’s recent strength.
- We have revised up our Rmb:US$ forecast following the recent rapid appreciation of the Chinese currency as the Chinese government seeks to combat rising inflation. We now expect the renminbi to appreciate on average by 11% in 2008, compared with around 9% previously.
- We maintain our forecast for oil prices (dated Brent) to average US$91.25/barrel in 2008 and US$85/b in 2009.
Any queries on the economic assumption please contact:
Robert Ward
Director, Global Forecasting
Economist Intelligence Unit, London
+44 (0)20 7576 8263 robertward@eiu.com
Jan Friederich
Senior Economist, Global Forecasting
Deputy, Country Forecasting Services
+852 2585 3814 janfriederich@economist.com
Caroline Bain
Senior Commodities Editor
+44 (0)20 7576 8272 carolinebain@eiu.com
kind regards,
Joanne McKenna
Press Liaison
Economist Intelligence Unit
26 Red Lion Square
London
WC1R 4HQ
UK
Direct: +44 (0) 20 7576 8188
Sales: +44 (0) 20 7576 8181
Switchboard: +44 (0) 20 7576 8000
email: joannemckenna@eiu.com
general enquiries: london@eiu.com
For global business intelligence, visit www.eiu.com
Posted in EIU Reports
Posted by: Carmen Espinosa | March 27, 2008
Noelia Fernández (EXP-10) promoción en Yahoo y mudanza a Suiza
We have just received a mail from Noelia and we already miss her. You will also find a link to latest pictures of her son Mario.
Hello guys!
Hope you are having nice Easter or life in general if you are not enjoying those holidays. I write you all because we have news to share. I have been recently promoted in Yahoo! to Director of Programming, EU (I know, these are weird times to be promoted in Yahoo!) and we are moving to Switzerland! Our headqueaters in EU are been relocated and part of that, 50 roles have to be moved to the Canton of Vaud. We wlll have our offices in Rolle, a village between Geneva and Lausanne. Gus and I are doing this week the first trip over there to check houses and facilities for our personal life and Mario.
Overall we are happier moving there tham going to London. it would have been a big loss from a quality of life perspective. So, very soon we will be living very close from Veronique!
I am cc the people I believe live in Switzerland, but maybe there are more colleagues. Any way, we are very very happy and we will move there early in July (whatever happens at the corporate level, we have a net of at least 2 years, so grat for us and Mario to learn french 
).
Looking forward hearing from you, specilly from the Swiss habitants. We will need lots of advice . We are very happy with this!
All our Love,
Gus and Noe
PS: For the Barcelona gang, soon we should get together to celebrate . Pics from Mario, he is already one!: http://www.flickr.com/photos/noe_cherokee/
Posted in General, Nuestra gente
Posted by: Carmen Espinosa | March 27, 2008
Pedro Callol en El País
Según El País chivarse puede ser rentable en el mundo empresarial y parece que Pedro Callol se ocupa de que seas el primero en hacerlo.
Fuera de broma, Pedro Callol abogado del despacho Allen & Overy y antiguo alumno de la Universidad de Chicago (Law School) ha sido el primer abogado que ha presentado una denuncia ante la Comisión Nacional de la Competencia contra las prácticas de cártel en nuestro país.
Para más detalles os adjuntamos un artículo con las declaraciones de Pedro (competencia-recibe-siete-denuncias-de-cartel-el-primer-dia-el-pais-29-02-08.pdf).
Posted in General, Nuestra gente
