contents A LETTER FROM THE DEAN PUBLIC OFFERINGS Alan Greenspan receives honorary degree, KKR founder Henry Kravis discusses private equity, and Vanguard founder John Bogle and author Kurt Eichenwald talk ethics STERN IN THE CITY Estée Lauder’s global brand manager, By Daniel Gross A serial entrepreneur’s latest venture is child’s play, By Stephanie Sampiere 8 questions for Houston Rockets owner Leslie Alexander COVER STORY – PETER DRUCKER, 1909-2005 Remembering the NYU Stern years of the 20th century’s most influential management theorist, By Dale E. Zand, Richard Freedman, and David Rogers LEADING INDICATORS Stern’s CEO Series: Talking media franchises with Anne Fudge of Young & Rubicam Brands, Mel Karmazin of Sirius Satellite Radio, and Janet Robinson of The New York Times Company PROSPECTUS New faculty appointments, noteworthy papers, awards, and honors Office Hours – Faculty Research THE BURDEN OF CELEBRITY How CEOs can lose by winning awards, By James B. Wade, Joseph F. Porac, Timothy G. Pollock, and Scott D. Graffin HEIR LOSS Do shareholders benefit when corporate control stays in the family? By Morten Bennedsen, Kasper Nielsen, Francisco Perez-Gonzalez and Daniel Wolfenzon ENRON'S FINAL ACCOUNTING Fraudulent accounting can lead to substantial job losses, By Simi Kedia and Thomas Philippon | PEER-TO-PEER Student Life in Washington Square and Beyond: C200/BNP scholarship, a thriving tutoring business, the Undergraduate College partners with Wharton, and students’ in-depth look at the Met Opera ALUMNI AFFAIRS Alumni News and Events: The Alumni Ball, a career networK and global community, and alumni in Westchester/Fairfield CLASS NOTES PAST PERFORMANCE Dean Abraham Gitlow witnessed NYU Stern’s maturation from a post-war factory to a global power, By Daniel Gross |