"The real source of wealth and capital in this new era is not material things…it is the human mind, the human spirit, the human imagination, and our faith in the future." -- Steve Forbes

Thunderbird Inks Agreement to Create Residential Development
Pub and Rugby Pitch Stay with School

Thunderbird School of Global Management is very pleased to announce that the school has entered into agreements with a Valley developer and a homebuilder for the sale of 65 acres of vacant land adjacent to the Glendale campus. The deals are the result of a sustained initiative of the Board of Trustees Real Estate Committee, which is led by Thunderbird alumnus and Trustee Francis Najafi ’77, who is also chief executive of Pivotal Group, one of the region's leading real estate investment and development companies.

Cachet Homes has agreed to purchase approximately 50 acres to build 281 homes, and Trammell Crow Residential is securing about 15 acres for a 270-unit apartment complex. Both communities will provide Thunderbird students, faculty and staff with enhanced high-quality residential options near campus. While the final sale price will depend on the outcome of the zoning process, Thunderbird expects the sale to provide a significant infusion of cash for the school. As has been communicated previously, proceeds of the sale will be used to upgrade our existing facilities, build up our endowment and possibly retire a portion of our debt.

To allay concerns frequently expressed regarding the future of the Pub and Rugby Pitch, the School has clearly stated that it has no plans now or in the future to remove these revered elements of campus life. For the full story including more detailed information about the Pub and Rugby Pitch, click here.

For the official press release, click here

New Webcast Exclusively for Thunderbird Alumni

Ever wondered why T-Birds have made such a mark in the global business community?
Ever pondered the unique traits that set you apart from the crowd?

Join your fellow T-Birds on August 22, 2007, for an extraordinary webcast presentation by Thunderbird professor Mansour Javidan, “Do You Have a Global Mindset?” Professor Javidan will provide an update on Thunderbird’s groundbreaking Global Mindset Project – an effort undertaken over the past two years focused on improving our understanding of how to work effectively with people of different backgrounds and from different cultures around the world. Involving a team of eight Thunderbird faculty members interviewing more than 200 T-Bird alumni and 20 senior global executives in the United States, Europe, and Asia, the Project marks a leap forward in the global business community's ability to understand what makes a successful global leader (and what makes so many T-Birds uniquely qualified).

Through the instrument resulting from this research – the Global Mindset Inventory – businesses will soon be able to assess the likelihood of success of potential global executives.

The presentation will begin at 1:00 p.m. EST on August 22, 2007, and will last approximately 30 minutes, including time for Q&A. To register for the webcast or for more information, please contact the Alumni Relations Office (alumni@thunderbird.edu or 602-978-7358/800-457-6957) for more information.

This webcast is the first in a yearlong series planned by the Alumni Relations Office, covering a range of topics from Global Strategy, to Leadership, to Doing Business in China, and more. Look for details on future webcasts in upcoming issues of this newsletter.


Thunderbird Global Reunion 2007: Mexico City

Every two years, at varying locations around the globe, T-Birds gather with their friends and classmates to celebrate their past, present and future. This year, the Thunderbird Global Reunion will take place from October 10-12, 2007, at the beautiful Hotel Camino Real in Mexico City. SOCIAL ENTREPRENEURSHIP: THE BUSINESS OF ERADICATING POVERTY is the theme of this year’s Reunion. And while it offers an array of thought-provoking presentations on this important and timely topic, it also promises a profusion of fun in typical T-Bird style.

The event opens on Wednesday, October 10, with a cocktail reception and dinner at the world famous Le Cirque restaurant with David Roberts ’73, Chairman of the Thunderbird Board of Trustees, as the featured speaker. Le Cirque’s wine cellar holds over 600 of the world’s greatest wines and its splendid menu offers an array of the very best of French and Italian cuisine. It is, without any doubt, the most exclusive restaurant in Mexico City.

President Ángel Cabrera will speak to attendees the next day on the state of the school, followed by feature presentations on Corporate Social Responsibility by leaders in both the commercial and academic arenas. Thursday night brings an unforgettable Thunderbird party! Come and join us in a traditional Mexican Fiesta: guacamole, tacos, tequila, quesadillas, tequila, mariachis and lots of fun. (Did we mention tequila?) Don’t miss it – great surprises are in store!

The Reunion concludes on Friday, October 12. But with the weekend ahead, attendees will have a multitude of recreational choices available to them! For more information and to register, please click here or email info@tgrmexico.info.


Alumni Chapter Happenings

Dr. Cabrera to Celebrate in Prague with Executive MBA Europe – Class IV

Thunderbird President Ángel Cabrera will travel to Prague to welcome our newest alumni. Members of EMBA Europe Class IV will join the Thunderbird Alumni Network on August 4, 2007, at a 2:00 p.m. graduation ceremony. The Prague Alumni Chapter will celebrate with the new alums at a reception following the graduation. Welcome to the Network, Prague EMBA IV!

Sailing on the Coasts with the New York City and Washington State Chapters

If you are not a member of the New York City or Washington State Chapters, you may not have heard about these exciting events:

NEW YORK: Join T-Birds and friends for 2 1/2 hours of sailing New York harbor and bay aboard the classic yacht VENTURA, which has been featured in films and on TV. Sit back, chill out, or get involved. On this vessel you can become part of the action and help sail. The event will take place Sunday August 12, 2007, from 11:15 a.m. - 2:00 p.m. The price is $50.00 per person and includes complimentary beer, water, and soft drinks. Feel free to bring some food or wine (hard alcohol prohibited). You can find more information on the NY Chapter page or contact NY Chapter Social Chair Ichun Lai ’89 at ichunlai.biz@gmail.com with questions.

WASHINGTON STATE: Join the chapter for a guaranteed fun time aboard the Mallory Todd, a 65 foot wooden schooner that will take T-Birds and friends around Lake Union and Lake Washington for a 4 hour tour. Sailing will take place on Saturday, August 25th from 4:00 p.m. to 8:30 p.m. The cost is $45 per person. More information is posted on the Washington State Chapter page.

EVERYONE: If you are a T-Bird visiting NYC or Seattle or a resident who has not been involved with your local chapter, please take advantage of this opportunity to connect with your fellow T-Birds.


See Your Name in Print – Two Great Opportunities to Participate

T-Birds are always on the move. But, no matter where you are in the world (or in your career), we don't want to lose touch with you! Please let us know what’s new in your life by sending your news to alumni@thunderbird.edu. We’ll share your news through our Class Notes section on My Thunderbird and in Thunderbird Magazine.

Also, we trust you have received the Spring/Summer edition of Thunderbird Magazine by now. Anything in there light a fire in you? Any articles or information that you would like to comment on? Did the magazine spark an idea for a story that you would like to contribute? If so, send a letter to the editor or an editorial submission to editor@thunderbird.edu. Letters to the Editor must be submitted by August 30, 2007, for inclusion in the Fall 2007 issue of Thunderbird Magazine. Editorial submissions or story ideas must be received no later than August 20, 2007.

Please let us know about your activities, ideas, reactions, and perspectives by taking advantage of these two great ways to participate!

From the Knowledge Center of the Thunderbird Learning Consulting Network: "Six Degrees of Separation," Camp David, and Tom Sawyer

What do the famous play, "Six Degrees of Separation," the US president's famous retreat at Camp David, Maryland, and the quintessential American fictional character Tom Sawyer have in common?

Lessons for finding and leveraging key human sources of intelligence, that's what.

How’s that? Okay, you’ve been handed a challenging business and competitive intelligence project; one which could have significant impact on your business unit’s bottom line over the next two years. You’re pumped…after all, you’re a key member of the new product launch team and you’ve been arguing for weeks that the team needs to know more about the competitors’ potential responses in order to fine tune the launch strategy. So, you got your way. Now what? Click here to find out how to identify key sources, making sure you think of all of them, and getting them to work for you.


Looking for a New Way to Support Your Fellow Thunderbirds?

The Thunderbird Career Management Center is pleased to announce a new student development program: ALUMNI MOCK INTERVIEWS. As successful business executives and hiring managers, your input and advice to current students regarding their interview skills is invaluable. We invite you to offer 30 minutes of your time this fall, either in person or over the phone, to mock interview a student who may need a little practice before the big, dream-job interview. This is a unique opportunity for a Thunderbird student that has an immediate and significant impact on his or her success. And it’s a chance for you to contribute to that success in a truly meaningful way.

If you're interested in learning more or you would like to volunteer for a mock interview, please contact Beth Rehman in the Career Management Center at beth.rehman@thunderbird.edu or 602-978-7814.

Become a Sustainable Innovation Leader!

The Thunderbird Sustainable Innovation Summit focuses on the importance of economic, social, and environmental benefits derived through business innovation. Be a part of this fall's Summit as a Challenge Sponsor, Speaker, or Judge. We are looking for talented Thunderbird Alumni to help lead the way for the future of global sustainable innovation!

Visit www.sustainableinnovation.thunderbird.edu for more info.


August 22, 2007, 1:00 p.m. EST: Do You Have a Global Mindset? Webcast for Thunderbird Alumni by professor Mansour Javidan
August 21-24, 2007: On the Course of Leadership - Singapore
October 10-12, 2007: Thunderbird Global Reunion - Mexico City
November 8-10, 2007: Thunderbird Sustainable Innovation Summit - Glendale
February 25-28, 2008: Global Family Enterprise Program - Phoenix
February 29 - March 2, 2008: Thunderbird Homecoming - Glendale
March 1, 2008: Annual Thunderbird Alumni-Student Rugby Match - Glendale
April 3-4, 2008: Global Private Equity Investing Conference - Glendale


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