Wharton Magazine is published four times each year by the External Affairs Office at the Wharton School of the University of Pennsylvania.

The Wharton School is the business school of University of Pennsylvania in Philadelphia, Pennsylvania. It was established in 1881 through a donation of Joseph Wharton, making it the world’s first collegiate business school.

In conjunction with the other schools and colleagues of the university, Wharton grants B.S., MBA, offers a Ph.D. program, and holds several diploma programs.

With the most electives of any business school, Wharton offers concentrations in Accounting, Business and Public Policy, Entrepreneurial Management, Environmental Management, Finance, Health Care Systems, Human Resource and Organizational Management, Insurance and Risk Management, Legal Studies and Business Ethics, Management, Marketing, Multinational Management, Operations and Information Management, Real Estate, Retailing, Statistics and Strategic Management.

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“At Wharton, I have not only discovered my passion. I have been given the opportunity to pursue it.”

CONTENTS
1 Editor’s Letter
A new beginnnningng: Introducing the new Wharton Magazine.
By Tim Hyland

5 From Wharton to Haditha
Guestst commentntary: Leadership lessons from the front lines in Iraq.
By Wesley R. Gray‚ W’02

6 Debrief politics: Boediono‚ GrW’79‚ elected vice president of Indonesia.
By Lauren Anderson
• Wharton folly: What does “MBA” really stand for, anyone?
• happy birthday: The M&T Program turns 30. And it’s as tough as ever.
• spreadingng ‘knknowledge’: The Knowledge@Wharton network just keeps on growing.
• Faculty Q&a: Sports aren’t ‘recession proof.’ But they’re pretty close.
• From The Vault: The long-lost Wharton Bowling Club.

14 The Students Speak
From The cohortsts/from the quad: An MBA and undergrad reflect on their time at Wharton.
By Tyra Junaid, WG’10, and Andrew Stern, W’10

16 A Dizzying Downturn
R eal EstEstEstate: Wharton experts and industry insiders agree: The Manhattan commercial real estate market is a mess. But is there any reason for hope?
By Steven Kurutz

21 The Road Less Traveled
THEHE MBA EXPerience: Not all Wharton MBAs spend their summers interning on Wall Street.
By Natalie Pompilio

30 The NFL’s Money Man
Sportsts businessss: Anthony Noto, WG’99, is the Chief Financial Officer of the most powerful league in sports—the National Football League.
By Tim Hyland

35 Knowledge@Wharton
Health care: How to make people live healthier and make better choices? Pay them.

38 Class Notes
Alumni newsws: Updates from your classmates.
• Alumni AssAssAssociation Update: Sure, times are tough. But here’s the good news: You’re part of the Wharton network. By Craig Enenstein, G’95, WG’95

92 Final Exam
Take our challengnge: Think you could still ace your way through Wharton? Well, here’s your chance to prove it.

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