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May
2007
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May
25, 2007 |
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Ivey’s
first annual Intelligent Investing
conference
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Prem Watsa, chairman & CEO, Fairfax
Financial Holdings Ltd. was the keynote
speaker at Ivey’s first annual
Intelligent Investing conference.
Mr. Watsa took participants through the
stock market bubbles that burst during
the life of Benjamin Graham, the father
of value investing, warning that
investors always need to keep a “margin
of safety” when they’re making
investments.
Mr. Watsa said there’s a lot of
excitement currently in the stock market
and he quoted a French expression; “Buy
when you hear the sound of canons. Sell
when you hear the sound of trumpets.” He
said he’s currently cautious on the
markets – noting the possibility of a
one in a hundred year storm – but added
the current climate might last for
awhile.
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Prem Watsa, Chairman,
Fairfax
Financial spoke at Ivey's
first annual Intelligent
Investing conference in Toronto. |
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George Athanassakos, Professor of
Finance & Ben Graham Chair in Value
Investing at Ivey opened the conference
with a persuasive presentation that
value investing beats growth investing.
Prof. Athanassakos said searching for
stocks with low price/earnings multiples
is just the first step in finding value
stocks. Investors need to take three
steps – have a good search strategy, a
good valuation technique and good
discipline and patience.
Other speakers at the conference spoke
about the merits of growth investing,
index investing and fundamental
indexing.
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Professor
George Athanassakos, Ben
Graham Chair in Value Investing
at Ivey, speaks with conference
participants following Ivey's
first annual Intelligent
Investing conference. |
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May
17, 2007 |
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Ivey MBAs
plant 1,000 trees for ReForest London
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Ivey MBA students worked together
planting 1,000 trees to launch ReForest
London’s Medway River Valley initiative.
The project, “Ivey 10,000 Trees for the
Medway Valley,” involves planting 10,000
trees along the Medway Creek over the
next three years. The planting began at
the mouth of the Medway at the Thames
River and carries north to the city
limits. The project will cost
approximately $250,000. The MBA Class of
2007 kicked off the project by raising
$20,000 as their class gift.
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Bill DeYoung of ReForest London
prepares the students for a busy
day of planting. |
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This year’s incoming 2008 class helped
continue the project on May 17 with a
goal of planting 1,000 trees around the
university campus. After a short
tutorial by ReForest London’s Bill
DeYoung on how to effectively plant the
trees –sycamores, cottonwoods, willows
and dogwoods – the October cohort and
the new May cohort broke ground together
planting the trees.
“The ReForest London initiative
showcases Ivey’s continued commitment to
the community,” said Michael Tevel,
Director of Ivey Connects. “This venture
not only benefits the environment, but
it also enhances the educational
experience of students by highlighting
the need for social responsibility,
which is imperative in the business
world today.”
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MBA
students from both cohorts
worked together to plant 1,000
trees. |
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May 9,
2007 |
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The MBA
Speaker Series hosts Greg Taylor to
discuss the success of his company,
Steam Whistle Brewing Co. |
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It’s not every day MBA students get to
study a business case about beer. But on
May 9, Greg Taylor, co-founder of Steam
Whistle Brewing Company, passionately
told the story of his pilsner and the
key to the company’s success. Armed with
product in hand, Greg captivated MBA
students with his unique business plan
and management style.
Founding partners Greg Taylor, Cam Heaps
and Greg Cromwell all had experience
working at Upper Canada Brewing Co.; so
when they decided to start up their own
brewing company, they knew from
experience exactly what they wanted,
what would work, and what it would take
to run their own small business.
Pivotal to their success was that they
wanted to make one beer and one beer
only. To this day, no matter how much
pressure they receive to make other
types of beer, the Steam Whistle Brewing
Co. will only ever make its premium
pilsner. “Steam Whistle believes in
doing one thing, and doing it really,
really, well” explained Taylor.
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Greg Taylor reveals the secret
of his success to Ivey MBA
students. |
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He also stressed they will never
compromise quality in order to save a
penny or two. At Steam Whistle they run
their line slower than other breweries
for better care of the bottle; they use
a thicker, more expensive bottle for
double the uses of a standard beer
bottle; and they package their beer in
cases made of a thicker more durable
cardboard “suitcase.”
Taylor stressed the importance of
consistent marketing and having a
product that people can relate to. The
name Steam Whistle, along with the
steam-powered whistle logo, is a
throwback to the inspirational sounds of
steam rushing from factory whistles,
signaling the end of a workday. Because
steam-powered whistles were icons of the
1950's, the Steam Whistle Brewing Co.
has kept a consistent look and branding
with all things “retro.” “We wanted to
take the best of the past and combine it
with what’s relevant to the youth of
today,” said Taylor. From their sales
cars and the beer bottle, to their bold
colours and traditional values, Steam
Whistle effectively represents a simpler
time.
Housed in Toronto’s historic John St.
Roundhouse, an old Canadian Pacific Rail
steam locomotive repair facility, the
brewery found a home that includes a
taste of Canadian history. With quality
and customer experience being the number
one priority for Steam Whistle, it’s
easy to see why Greg Taylor and his
cofounders were nominated by Ernst and
Young as 2006 Entrepreneurs of the Year.
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May 08 |
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Ivey
alumni named in Canada's Top 40 Under 40 |
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Each year, the annual Caldwell Partners
awards program honours the achievements
of young Canadians who are making a
difference in business, scientific
research, medicine, advocacy and other
influential fields. Three Ivey alumni
were among Canada's Top 40 Under 40
featured in the May 8, 2007 edition of
The Globe and Mail.
The winners with Ivey connections
include:
Sergei Tchetvertnykh (MBA 1994)
Co-Chief Executive Officer, Infinium
Capital
Cameron Heaps (Quantum Shift,
2004)
President & Chief Executive Officer,
Steam Whistle Brewing
Jon David Stanfield (Marketing
Management Program, 1999)
Executive Vice President, Stanfield's
Limited
In the 11 years that the Top 40 under 40
program has been running, 40 Ivey
graduates have been represented on the
list - more than any other individual
University in Canada.
Ivey is proud of our alumni and their
achievements. |
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May
5, 2007 |
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Ivey EMBA
students give back to their Toronto community
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When Ivey’s EMBA students were looking
for ways to give back to the Toronto
community, the class, under the guidance
of participant Doris Simcich, chose to
work with The Scott Mission.
On Saturday May 5, Ivey’s Executive MBA
class of 2007 donated 35 garbage bags
full of used women’s, men’s and
children’s clothing, and hygiene items
to The Scott Mission. The donated items
provided by students in the EMBA class
came from all across Canada.
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EMBA students deliver donations
to the Scott Mission. |
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The Scott Mission is a shelter in
Toronto that provides shelter to 45
people each night; serves hundreds of
hot meals daily; provides free clothing
for needy men, women and children;
serves almost 50,000 people each year
through their food bank; and provides
thousands of children with free toys.
The mission has been operating since
1941 and was the clear choice for Ivey
Students as a great cause to support.
“As members of the EMBA Program and
administration we recognize that others
in our community are not as fortunate
and we wanted to do something from our
class collectively to help,” said
Simcich.
“We hope this will inspire other EMBA
students and classes to give back in
some way to their communities.”
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The
EMBA class takes pride in their
contribution. |
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May 3,
2007 |
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Advisory
Board member's $1 Million donation
establishes the Donald L. Triggs Chair
in International Business |
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On May 3, 2007, the Dean announced a $1
million donation received from Advisory
Board member, Don Triggs, MBA ’68, to
establish the Donald L. Triggs Chair
in International Business.
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(l to r): Dr. P. Davenport,
Elaine Triggs, Dean Carol
Stephenson, Donald Triggs. |
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The
Faculty Chair will play an essential
role in helping Ivey recruit and retain
outstanding senior faculty members who
are recognized worldwide in the field of
international business.
A key
component of the selected faculty
member’s responsibility will be the
organization of an annual lecture for
students, alumni, faculty and staff on
the topic of international business:
The Donald L. Triggs Lecture in
International Business. |
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May 3,
2007 |
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John
Pigott, president and CEO of Morrison
Lamothe Inc., visits Ivey's Executive
Program |
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During his presentation entitled
“Driving Strategic Renewal,” John Pigott
provided a very candid view about his
more than 15 years of experience as
President and CEO of Morrison Lamothe
Inc., a mid size Canadian company in the
frozen food business.
Mr.
Pigott used specific examples to
illustrate how he went about
orchestrating major strategic and
organizational change as he steered the
company through the business cycles and
changing market and competitive
landscapes.
For more
information on the Ivey Executive
Program, please visit their
website.
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May 1,
2007 |
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Dean Carol
Stephenson rings the TSX bell for
Quantum Shift |
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Founded by KPMG Enterprise and Ivey and
sponsored by the TSX Group and the Globe
and Mail, the
Quantum Shift program
focuses on how to lead an enterprise
through exponential growth; how to
attract and retain the best employees;
how to uncover obstacles that may be
limiting growth now, or in the future;
how to value a venture and use
strategies for moving from
business plan to financial proposition;
and how to build a broad network of
entrepreneurial peers to share
best-practices.
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Dean Carol Stephenson, along
with entrepreneurs from across
Canada, rang the opening bell at
the TSX on May 1, 2007 to
officially launch Ivey's 2007
Quantum Shift program. |
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