Court Repeals Same-SexMarriage Ban
News, pg 2
The Stanford Daily
An Independent Publication
THURSDAYVolume 238A
August 5, 2010Issue 6
SUMMER EDITION
Opinions 5
Cima on the small world of life overseas; McDonald on life lived as television
Features 6
The Hoover Institution’s televsion show-turned-webcast thrives on conversation
Sports 8
The best in women’s tennis grace Stanford for Bank of the West Classic
Entertainment 10
Ra Ra Riot deliver a follow-up to their 2008 indie standout “The Rhumb Line”
By AN LE NGUYEN
SENIOR STAFF WRITER
Kenneth Frier, M.B.A. ‘84 has been named Stan-ford Management Company’s (SMC) chief invest-ment officer (CIO), a position he currently holds at theHewlett-Packard Company. Frier is primed to man-age the nation’s third-richest college endowment, acharge he will share with SMC president and chief ex-ecutive officer John Powers, M.B.A. ‘83.Frier’s induction to the SMC team at the start of September will mark the end of a decade-long careerat Hewlett-Packard. His recent appointment is the re-sult of an extensive search led by David Barrett Part-ners.“We looked at a lot of candidates because we havevery high standards,” Powers said of the CIO search.“We were looking for someone who we thought was agreat investor with, ideally, a complementary set of skills to what others at the Management Companybring to the table. We thought Ken had very comple-mentary skills.”
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N
EWS
UNIVERSITY
HP’s Frierwill be CIOin September
By AMY JULIA HARRISand JANE LEPHAM
In a long-awaited victory for gayrights advocates, a federal judge inSan Francisco struck down Proposi-tion 8 yesterday, overturning the2008 voter initiative banning same-sex marriage in California.The decision from federal judgeVaughn Walker, J.D. ‘70 was laudedby gay-rights luminaries as a majorwin for civil rights, while lambastedby traditional marriage groups, whohave said that they will appeal theruling to the United States Court of Appeals for the Ninth Circuit. WhileWalker’s ruling overturns Prop. 8,the decision will not immediatelylead to any new same-sex marriagesin the state of California.This decision was the news thatAidan Dunn ‘11 had been waitingfor since he came out at age 15. Hewas one of the thousands of citizensin San Francisco who celebratedWalker’s ruling on the San Francis-co courthouse steps yesterday after-noon.“Today is a great day,” Dunnsaid. “For me personally, it meansthat someday I might be able tomarry the person that I love. What Ihope it means for the community isthat we start fighting for more queerand social justice issues.”Dunn, now 26, has been an ac-tivist for gay rights for 11 years, andhas traveled the globe as a queer am-bassador pressing for equality. Heworked on the “No on Prop. 8” cam-paign at Stanford in the fall of 2008,and celebrated via Facebook withthe scores of other Stanford studentswho had raised their voices on theissue.If the ruling is upheld, Californiawould join Connecticut, Iowa,Massachusetts, New Hampshire,Vermont and Washington, D.C. inallowing gay marriage.Also celebrating the news wasKenzie Seal ‘12, co-founder of theNational Marriage Boycott (NMB)and NMB’s current chief financialofficer, who started the youth-ledmovement to swear off marriageuntil homosexual couples are grant-ed full federal marriage equality.He attended a rally yesterday af-ternoon in San Francisco, along withthrongs of other supporters, to ap-plaud Walker’s decision.“For the first time in the historyof Prop. 8, this will be a celebration,”Seal said. “This one will have a lotmore energy than what we’ve seenin the past. We fell into a sort of los-ing streak, but it’s great to see equal-ity finally come out on top.”Stanford students overwhelmingagreed with Seal back in 2008, with87 percent voting against Prop. 8, ac-cording to a 147-person exit pollconducted by The Daily at the Grad-uate Community Center on Elec-tion Day. Californians, however, didnot feel the same way, with votersapproving the ban on gay marriageby a 52-percent margin, six monthsafter the California Supreme Courthad ruled than the state constitutionallowed same-sex marriage. Thestate high court later upheld Prop. 8as a legitimate revision to the stateConstitution.
LOCAL
Federal court repeals same-sex marriage ban
Courtesy of Aidan Dunn
Aidan Dunn ‘11 celebrates in front of the Courthouse in San Francisco, asJudge Vaughn Walker announced his decision to overturn Proposition 8yesterday. Dunn is a longtime activist for gay rights and praised the ruling.
ANNA CAMPBELL/The Stanford Daily
Students perform at the Stanford Jazz Festival, put on by the Stanford Jazz Workshop. The Festival isnow in its final week.The Workshop, a nonprofit educational organization, was founded in 1972.
Stanford Jazz Festival
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STUDENT LIFE
Med students to receive new iPads
By NICOLA PARK
DAILY INTERN
The School of Medicine has pur-chased nearly 100 iPads to distributeto this fall’s incoming class as soonas it starts school this month.According to Charles Prober, thesenior associate dean for medicalstudent education and professor of pediatrics, microbiology and im-munology, the iPads will help themedical students enjoy a more com-fortable and portable learning expe-rience.“It’s like a telephone book—in-stead of memorizing all your con-tacts, you can easily refer to themwithin a device,” Prober said.Students will receive instructionon how to optimally use the iPads,according to Prober, and course-work material previously distrib-uted to students in hard copies willbe loaded onto the iPad.Recent admits were initially sur-prised by this development, accord-ing to Hong-An Nguyen ‘10, an in-coming medical student this fall.“We were all very shocked,” shesaid. “We definitely weren’t expect-ing this to happen, and we’re gener-ally really excited about it.”The implementation originatedfrom discussions within the depart-ment and student suggestions.Prober emphasized the device’sportability, and believes that its abil-ity to hold a large amount of infor-mation will improve students’ quali-ty of education and life.“Students can carry informationnot only in their brains, but also withthem within the iPad,” Prober said.“When students get into clinicalexperiences and have a vague recol-lection of something they heard dur-ing class, it will be easy for them togo back and remind themselveswhat that was, and [they] can recallprior knowledge instead of goinghome searching through their syl-labi,” he added.In addition, the transition is astep toward being more environ-mentally friendly, moving from hardcopies to electronic ones.“The number of pages that getprinted are astronomical, so we willbe able to save trees,” Prober said.Other advantages of the device
STUDENT LIFE
Thai Café set to reopen in Sept.
By EMILY ZHENG
DAILY INTERN
The Thai Café is set to reopenSept. 20, two doors down from itsoriginal location in the basement of Jordan Hall. The cafe was scheduledto open by the start of the springquarter, but was delayed until the be-ginning of the fall quarter.“This took longer than I thoughtand it’s not easy for me since I’vebeen out of work for a year now, butI’m looking forward to opening inSeptember,” said MaykhanhBahlman, owner of the Thai Café. “Imiss my customers.”The construction gave the cafe afully upgraded kitchen to meet thecurrent health codes and require-ments, and consolidates the kitchenand serving areas. This new setup willallow Bahlman to serve food througha window in the mass courtyard.“It gets all the serving out of thehallway and into a more accessiblearea,” said Shannon Silva, facilitiesplanner for the H&S Dean’s Office.“Students and faculty can now orderfood through the window and take itback to wherever they need to be. It’smuch more convenient.”Though there are certain advan-tages for the new setup, Bahlman isworried about the effects of some keydifferences.“It’s a lot smaller and there isn’t asmuch space as there used to be,” shesaid. “It might be a little bit slower,but I am thinking of ways to speedthings up so it the wait won’t be toolong. It’s very different for us, butwe’ll manage.”The menu and culture of therestaurant will remain unchanged, ac-cording to Bahlman.“There’s no inside seating asusual, but there are about a dozen pic-nic tables outside just like there usedto be,” she said.The cafe was asked to relocate andfind a new home due to the formationof an academic research project,called the Cognitive NeurobiologicalImaging Center.“We spoke with the owner, had afew meetings and explained the re-search needs to her,” Silva said. “Shewas very flexible with us to work forthe greater good of the academics.She’s been really great.”Bahlman has been meeting withcontractors and project managers atthe Dean’s office every two weekssince last June to follow the process of her cafe construction.“Everything is going smoothly,”she said. “Everything should be okayand ready by the middle-end of Au-gust, and I will have time to preparefor all the students coming back toschool for the fall quarter.”She is still currently negotiating acontract for the cafe and waiting onthe Dean’s office for the specifics of the document.“I don’t have anything solid rightnow,” she said. “They’re working onit, and I don’t know any of the detailsabout it yet.”The original reopening date of thecafe was scheduled for the start of spring quarter, but was pushed backdue to delays in retrieving a buildingpermit from the county.As of now, construction is onschedule and expected to be complet-ed in the last week of August, Silvasaid.“The owner will have time to gether permit, and to get everything upand running just in time for the firstday of school,” she said.All that’s left to do is complete theconstruction, attain business andhealth permits from the county healthdepartment, and other logistics andplanning for the cafe including in-spection by the Santa Clara HealthDepartment, which requires all thefoods to be examined before sales.“We’re very excited that the ThaiCafé will be reopening, and theowner is excited as well,” Silva said.“We hope it will have a great turnoutin its reopening during the first weekof school.”
Contact Emily Zheng at emzheng88@ gmail.com.
According to Powers, what setFrier apart from other candidateswas his strong background in riskmanagement, an area where the newCIO is expected to play an activerole.“I hope to enhance the ability of SMC to accurately quantify the riskthat the endowment portfolios arefacing and, having quantified thoserisks, make good decisions with re-spect to which risks we should dimin-ish and which risks are worth taking,”Frier said.Frier will also be tasked with port-folio construction and manager selec-tion. In brief, this entails determininghow much money should be allocat-ed to different asset classes and find-ing capable investment managers torun them.Powers said that SMC, as a whole,aims to generate strong risk-adjustedgains in the new fiscal year. This willstand in stark contrast to fiscal year2009, when the University endow-ment reportedly declined by 27 per-cent—a number well above the18.7-percent national average.Looking to the future, Frier listedthree top priorities for his tenure asCIO. The first, he said, is to get a firmgrasp on SMC’s strategic review of the University endowment.“One of our most interesting chal-lenges is...analyzing opportunitiesto improve on the endowmentmodel,” Frier said. “My understand-ing is that there’s been an endow-ment strategic review underway sincelast year, with just this purpose inmind.”This comes at a time when mount-ing skepticism has been raised aboutthe prevailing endowment model,whereby universities employ low liq-uidity investment options to enhancereturns.Frier indicated that risk manage-ment would be a second priority andenhancing information flow a third.Of the latter, he underscored the im-portance of capitalizing on Stanford’s“unparalleled access” to expert in-vestment managers—namely, theSMC team, alums and the Stanfordcommunity at large.In that vein, Frier has his sights seton developing an active interchangebetween SMC and the GraduateSchool of Business (GSB).“I think that it’s going to be greatwhen SMC is in the business schoolcomplex on campus,” Frier stated.“That’ll be a great opportunity for usto interact with the students at thebusiness school and the faculty, andhave a mutually beneficial relation-ship.”He believes that such collabora-tion will enable Stanford Manage-ment Company to be attuned toscholarly work done by GSB faculty,especially work that goes beyond re-hashing modern portfolio theory andaccounts for actual market behav-iors.Frier also sees the opportunity forSMC to gain some fresh talent; hepondered the idea of taking on cur-rent GSB students as summer internsand hiring graduates to the endow-ment staff. He said that SMC expertscould, in turn, provide guest lecturesto business school classes.“Given the thinking that we’ll bedoing with regard to how to manageinvestment portfolios, our insightsand conclusions could be of benefit tothe students,” he added.Overall, these musings highlightthe CIO’s close attachment to theFarm.“I went to Stanford BusinessSchool, I made a lot of friends there,I got married at Stanford MemorialChurch, I’m a Stanford sports fan,”Frier said. “I have a lot of personalconnections with Stanford.”But while Frier and Powers re-ceived their M.B.A.’s only one yearapart, neither recalls meeting theother during their time at the GSB.“I never ever recall meeting Johnon campus,” Frier said, quicklyadding, “His spouse is one of myclassmates.”Frier emphasized, however, that hismany ties to the University are onlypart of the appeal of his new job—acompatible philosophy is another.“The mission that Stanford has isquite valuable and the work that we’llbe doing will help deserving studentsget an education, will help with re-search and will help generally withthe challenges of the future,” he said.
Contact An Le Nguyen at lenguyen@ stanford.edu.
FRIER
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Stanford Daily File Photo
After closing last summer to make room for a new MRI facility, the Thai Caféwill reopen at the start of fall quarter, two doors down from its original locationin the basement of Jordan Hall. The Café is scheduled to open on Sept. 20.
Project delayed since spring quarter due to permitting
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