Tuck School

It seems almost impossible that another summer is just about at an end. As of this writing, the foliage is preparing to take on its fall colors, our faculty members are drifting back into town, and the D.O.C. is hard at work on the Freshman Trip - all sure signs that another academic year is about to begin. On September 23 we will greet an incoming class of 118 men, as well as 106 second-year men. We are enthused about this student body — it promises to be one of the strongest we have ever had at Tuck.

This month, I am going to omit news of the alumni as I am certain many of you would be interested in the summer activities of our faculty members and I would also like to bring you up to date on the new faces on the faculty and staff.

First, I'd like to report that Dean Hill has resumed his full-time activities at the School, after being ill for the past several months. Needless to say, we are all pleased that he is back with us. Also, a special word of praise for the job done by Associate Dean John Hennessey in Karl's absence. The duties of Acting Dean, coupled with John's normal activities, required a tremendous amount of effort.

Back from leaves of absence this past year are Prof. Charles Mayer, returned from England, and Prof. Leonard Morrissey Jr., back from teaching at I.M.E.D.E. in Lausanne, Switzerland.

A belated "bon voyage" to Prof. James Brian Quinn and his family who left early in the summer for a year's leave in Europe to do research on European technology. The Quinns have made Geneva their home base and, according to latest reports, are thoroughly enjoying Switzerland. Prof. RonaldWippem and his family have also been away for the summer. He is helping to develop a Finance curriculum for Catholic University in Valparaiso, Chile, under Ford Foundation sponsorship.

Willard Tracy Carleton, Associate Professor of Finance and Economics, has joined the Tuck faculty. He graduated cum laude from Dartmouth in 1956 and received his M.B.A. from Tuck in 1957. He went on to receive a Ph.D. in economics from the University of Wisconsin in 1962. His fields of specialization are Banking and Monetary Theory, Finance, Statistics and Econometrics. Professor Carleton has taught at Wisconsin, N.Y.U. and, most recently, at Northwestern. He has done research and writing in the finance and economics area and is co-author of a forthcoming book, "A Theory of Financial Analysis."

We also welcome three visiting professors who will be with us this year. Professor Edmund Philip Learned will be teaching the Business Policy course next spring. He received an M.B.A. from Harvard in 1927 and a D.C.S. degree in 1930. He retired this past June as Charles E. Wilson Professor of Business Policy at the Harvard Business School, has authored many books and articles, and is considered one of the leading men in his field. Thomas W. Holland will be teaching the Statistical Decision Theory course during the fall term and will work with Professor Nugent in Quantitative Analysis. He is currently Assistant Professor of Management Science at the State University of New York at Buffalo. In January 1968 he will move to the faculty of the Whittemore School of Economics and Business, University of New Hampshire. Raymond E. Miles will be working with Professor Guest on the first-year Administration course. He is Assistant Professor of Business Administration at Berkeley. His teaching areas are Labor Relations, Personnel, and Organizational Behavior. He received his Ph.D. from Stanford in 1963. Professor Miles has also been active in research and writing activities.

Miss Mildred Saunders has resigned her position as Librarian to accept a similar post at Bradford Junior College. We were very sorry to see her go as she had made great contributions to the operation of the library. We were pleased, however, to obtain the services of a very fine professional librarian, Cornelius Allen. Mr. Allen received an M.A. in History from New York University in 1951. Prior to coming to Tuck, he was Librarian at the N.Y.U. Graduate School of Business. Earlier he was a librarian at the N.Y.U. School of Commerce.

In other news of the faculty, Prof. Kenneth Davis and Prof. Frederick Webster Jr. have recently completed the manuscript for "Sales Force Management" to be published in April. They also completed a book entitled "Readings in Sales Force Management" that will also be published in April by the Ronald Press. Professor Davis has also been very active in research for his new course at Tuck entitled "Marketing Strategy and Organization." In addition to these projects, he directed a one-week conference at Tuck for marketing executives in the pharmaceutical industry. Associate Dean Hennessey and Professors Whippern, Mayer, and Webster also participated in this conference. Professor Webster was also involved in three research projects: he cooperated with Professor D. B. Montgomery of M.I.T. in developing a dynamic model of sales-call policy; he actively reviewed the literature on the use of Operations Research in Sales Force Management and developed a manuscript from this study which was submitted for publication; and he completed the initial stages of a study of the Diffusion of Innovations in Industrial Markets.

Prof. Wayne Broehl among other things finished his manuscript on the "International Basic Economy Corporation" to be published later this year by the National Planning Association. Prof. Richard Bower in July addressed the Dartmouth Computer Workshop, designed to orient high school teachers on the uses of computers in business education. He also presented a paper to the American Accounting Association at their August 30 meeting at Penn State ,in conjunction with Prof. Christopher Nugent and Prof, Donald Stone. In addition, Professor Bower, along with several other members of the Tuck faculty, participated in a two-day. conference, to bring recent Tuck graduates up to date on our curriculum.

Prof. Peter Williamson was active in researching mutual funds and mutual fund performance for the Canadian Committee on Mutual Funds. He presented a paper entitled "The International Aspects of the; Report of the Carter-Commission on Taxation in Canada" to the Annual Conference of the Canadian Taxation Foundation.