Class Notes

1957

FEBRUARY 1989 Adam Block
Class Notes
1957
FEBRUARY 1989 Adam Block

The crowd was small, it rained, and the Dartmouth cheerleaders were absent ... banned for encouraging freshmen mayhem (a.k.a. storming the stands) the previous Saturday. But, as you all know, the Princeton game put a welcome finishing touch on the football season. Monk Bancroft, Jack and Joan Hall, Dick and LindaLevene, and (as I note is fashionable to say in these columns) your scribe made the trip to Princeton, plus undoubtedly some other '57s who kept a lower profile. One calibration of the depths from which Buddy Teevens has had to rescue the Dartmouth football effort was provided by my daughter Jennifer '89. She said this year's Harvard game was the first time she'd personally seen Dartmouth beat an Ivy League team.

Down in Atlanta, Bill and Lee Kramer are rattling around a bit in their big home. Their eldest son is at Yale, and the middle one just started at Princeton. During the more than 20 years he worked for IBM, Bill "bought a bunch of properties." In 1981 he decided to be a fall-time entrepreneur and started a real estate firm which now numbers over a dozen employees. In addition to brokerage and property management, Bill specializes in tax-deferred exchanges. "A lot of people sell real estate and pay Uncle Sam a lot more than they need to because they don't know they can exchange, and the average CPA or local attorney doesn't know much about it either. So I consult with people all over the country and help people do exchanges here in the Southeast."

About 15 years ago while pitching a sale, the president of a financial services company was asked which method he used for measuring pension fund performance, the Dietz method or some other. He chose the Dietz method for his answer and, after making the sale on that basis, tracked down and hired its author: our own Pete Dietz, who first presented the analytical formulas in his Ph.D. thesis. Since that time, Pete's firm, the Frank Russell Company, has grown from about ten to over 600 people in Tacoma alone. Their primary service, from which many offshoots have grown, is to rate the effectiveness of money managers who run the pension funds of large corporations. Pete has long been a senior vice president and is now spending the bulk of his time in Tokyo, building their Japanese subsidiary.

Pete and Betty's oldest daughter has been married three years and runs a pet shop with her mom (who previously got her R.N. and worked as a nurse). Their younger daughter, Karen, found time for rugby, crew, and her sorority and still graduated magna cum laude from Dartmouth last June.

Also in Tokyo, insurance executive and consultant Chick Igaya received yet another honor for his contributions to Japanese sports and culture. In the ceremony awarding him the Purple Ribbon Medal in commemoration of Emperor Hirohito's birthday, Chick was described as "truly a model international citizen, completely at home in different cultures and with people of differing nationalities."

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