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Alumni Friars Teaching in Academia

It’s “cool” to be smart at Fenwick, and these Ph.D. scholars have taken their intellectual talents to a higher level as university professors.

By Mark Vruno

Fenwick instructors have honed developing minds of highly intelligent people over thecourse of 90 school years. From physics and politics to English and French, some of those students took their passions for learning to the next level by pursuing research, education and scholarship at some of the world’s most prestigious private and public universities.

Holder Hall at Princeton University, Princeton, NJ, where two Fenwick alumni teach.

At Princeton, the Ivy League research school with New Jersey roots dating back to 1746, two Fenwick alumni-turned-professors can be found teaching on campus: Thomas Duffy ’78 (geophysics) and John Mulvey ’64 (operations research/financial engineering). In Boston, Professor William Mayer ’74 has been a political-science guru at Northeastern University (established in 1898) for the past 28 years. After Fenwick, Mayer attended Harvard University in Cambridge, Massachusetts, from which he also earned a Ph.D. (in 1989). “I don’t like to move,” he dead-pans, “plus my wife loves the New England area.”

On the West Coast, one of Prof. Duffy’s classmates, Larry Cahill ’78, is a neuroscientist and professor in the Department of Neurobiology and Behavior at the University of California at Irvine. And in the Midwest, Robert Lysak ’72 is professor of physics and astronomy at the University of Minnesota in Minneapolis – Saint Paul.

Additionally, two members of the Class of 1961 were college professors and are now retired: Terrence Doody (English Literature) at Rice University in Houston and Thomas Kavanagh (French), most recently at Yale University in Connecticut. Another Professor Emeritus isJohn Wendt ’69, who taught Ethics and Business Law at the University of St. Thomas (Minnesota) for 30 years. (Read more about them.) Spread out geographically across the United States, Fenwick is the common denominator for these seven Ph.D.’s and college professors. Read on for a glimpse at their impressive works.

A Computing Love Affair

John Mulvey in 1964.

John Mulvey is a professor within Princeton’s Operations Research and Financial Engineering (ORFE) Department, which he founded. He also is a founding member of the interdisciplinary Bendheim Center for Finance as well as the Statistics and Machine Learning Center at the university. Mulvey is captivated by the ongoing revolution in information and machine-learning. The ORFE Department focuses on the foundations of data science, probabilistic modeling and optimal decision-making under uncertainty. “Our world is a very uncertain place,” he stresses.

The work Mulvey does has applications throughout the service sector, including in communications, economics/finance, energy/the environment, health-care management, physical and biological sciences, and transportation. In the past, he has worked with aerospace/defense-technology firm TRW (now part of Northrop Grumman) to help solve military problems, including developing strategic models for the Joint Chiefs of Staff (U.S. Department of Defense).

“Today we work with major firms, including some of the largest investors in the world, which are interested in integrating their risk,” Mulvey explains. For example, “hedge funds and private-equity firms need to manage their portfolios over time to protect themselves. When the crash occurred in 2008, people thought they were diversified. The banking and finance world refers to systemic risk as contagion,” which is the spread of market changes or disturbances from one regional market to others.

Mulvey also analyzes data for supply-chain management, which he calls a “transformative industry. Production and distribution models were separate before,” he points out, “but we’ve brought it all together now. Amazon has built its whole system based on this commerce model.”

Prof. Mulvey at Princeton.

Machines running algorithms and computer optimization became passions for him at a relatively young age. At Fenwick, Mr. Edward Ludwig helped mathematics to make sense for young John. “He was an amazing math teacher,” Mulvey says of Ludwig. “His class was fantastic. I didn’t necessarily want to be an engineer but felt I could go into a technical area.

“In the 1960s we were at the cusp of computing, and the University of Illinois had one of the world’s most powerful supercomputers at the time,” recalls Mulvey, who grew up on the West Side of Chicago and attended the old St. Catherine of Siena Parish. “That’s why I wanted to go there, and I fell in love with computing.”

The ILLIAC IV supercomputer is what drew Mulvey to the University of Illinois in the mid-1960s.

He next ventured west to study business administration at the University of Southern California (USC) and the University of California (Cal), then earned a second master’s degree in management science in ’72 from the University of California at Los Angeles (UCLA). Three years later Mulvey completed his Ph.D. at UCLA’s Graduate School of Management. His dissertation topic, “Special Structures in Large Scale Network Models and Associated Applications,” won the 1976 American Institute of Decision Sciences Doctoral Dissertation Competition.

Mulvey taught for three years at the Harvard Business School and, 41 years ago, came to Princeton “to have an impact at a smaller school,” he says. (Princeton has some 5,200 under-grads.) “I came here to grow the basic, general engineering program for undergraduates.” The 72-year-old thoroughly enjoys his work: “If you had a job like mine, you wouldn’t want to retire.”

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Alumni Spotlight: Paul Tierney, Jr. ’60

Fenwick nurtured the service seeds planted by the parents of this alumnus, who has been employing the power of business to solve social problems for five decades.

By Mark Vruno

Image courtesy of Notre Dame Magazine.

Fenwick High School and University of Notre Dame alumnus Paul Tierney, Jr. ’60 resides on the East Coast in Darien, Connecticut, and New York City. But his humanitarian roots were planted at home in La Grange Park, IL, and at St. Francis Xavier Parish & School.

“My mother and father always talked about the importance of doing good works for your fellow man,” says Mr. Tierney, who is three months into his retirement as chairman of TechnoServe, an international, nonprofit organization that promotes business solutions to poverty. The company works with enterprising people in the developing world to build competitive farms, businesses and industries. “Our clients are small, poor, grassroots,” he notes.

Tierney encourages the use of private equity and venture capital to fund entrepreneurial firms in locales such as Africa and Latin America. As he told Forbes magazine in 2010, he believes this funding approach “can be a superior alternative to the traditional development funds funneled through the likes of the World Bank,” the international financial institution that provides loans to countries of the world for capital projects.

Paul Tierney at a Glance

  • From La Grange Park, IL / St. Francis Xavier

  • Fenwick High School, Class of 1960

  • University Notre Dame, 1964 (magna cum laude)

  • Harvard Business School, 1968 (Baker scholar)

  • U.S. Peace Corps (Chile)

Tierney’s portrait in the 1960 Bkackfriars Yearbook.

Growing up Catholic had a lot to do with his public-service interests, especially helping those less fortunate. “My parents taught that with great gifts, great action is expected,” points out Tierney, who has had a highly successful career in investments. The then-youngster heeded the advice of Mr. & Mrs. Tierney, whose ideals and principles, in turn, were honed and nurtured by the Dominicans at Fenwick. Fifty years ago, using the power of business to solve social problems was somewhat radical; it definitely was not a mainstream notion.

Tierney graduated magna cum laude in 1964 from ND, where he majored in philosophy. He applied to law school, business school and several doctoral programs but instead chose the Peace Corps, U.S. President John F. Kennedy’s volunteer organization founded three years earlier. “I was sent to Chile on an economic-development program to work with farmers in the agrarian reform movement,” he explains. “My job was to help people structure and improve cooperatives.”

While in rural South America, Tierney says he met a lot of bright people in development. “but few of them knew business or had practical skills.” So, after his service, he went to Harvard Business School (HBS) on a fellowship from the Ford Foundation“to learn how commerce actually works. By the time I finished my MBA program [in ’68 as a Baker Scholar],” he adds, “I thought that more effective work in economic development would be done in the private sector.” In a 2002 profile written by the Harvard Business School, Tierney says he realized he could make a larger impact on society if he first succeeded in business. “I’ve really had two careers,” he observed, “one as a for-profit financial entrepreneur and one as a crusader for economic development.”

Tierney set out on what would be a 30-year career in investment management, first starting a merchant bank in London and then overseeing financial programs at the U.S. Railway Association, which would become Conrail (now CSX). Next, he was a senior vice president at White, Weld & Co., which Merrill Lynch purchased. In 1978, he co-founded Gollust, Tierney & Oliver, the general partner for Coniston Partners, which was a $1-billion value investment partnership focused on strategic block investing and private equity. The firm split up in the mid-1990s.

“After about 15 years of building my own company, I felt like I should come up for air,” Tierney reflects. “I’d made some money, I had some experience, I saw how the real world operated, and I understood capital markets. But I still had a taste for the work I was interested in when I was in the Peace Corps.”

Technology in the Service of Mankind

Tierney started looking for ways of getting re-engaged and surveyed several organizations. “I found many relief organizations, but I didn’t find many development-assistance organizations,” he told HBS. “I wanted something that was hands-on and firm-based, not just a think tank or a Band-Aid.” A friend mentioned TechnoServe, and Tierney’s world changed

Businessman and philanthropist Ed Bullard founded TechnoServe in 1968 after his experience volunteering at a hospital in rural Ghana, West Africa. Bullard was inspired to start an organization that would help hard-working people harness the power of private enterprise to lift themselves out of poverty. He launched TechnoServe – short for “technology in the service of mankind” – to help poor people by connecting them to information and market opportunities. “It was a much smaller organization back then, with a single office in Norwalk, CT, and an annual budget of around $5 million,” Tierney remembers.

“I visited four of the countries TechnoServe operated in and, as I saw what was going on in the field, I became more and more confident that this was an organization with a good approach that was making a real impact.” Tierney kept stepping up his involvement with TechnoServe, starting as a volunteer member, then a board member, then chairman of the Executive Committee and, ultimately, chairman in 1992.

Tierney in Ghana.

For 27 years he was at the helm, steering the philanthropic “ship” into countries such as Haiti in the Caribbean, India in South Asia and Mozambique in Southeast Africa along the Indian Ocean coast. Based in Washington, D.C., TechnoServe today has grown to more than 1,500 employees and operates in 29 countries. “Thirty-five years ago, there were only five or six [countries],” Tierney reports. TechnoServe has become a leader in harnessing the power of the private sector to help people lift themselves out of poverty. “By linking people to information, capital and markets, we have helped millions to create lasting prosperity for their families and communities,” proclaims its website.

One of his favorite success stories from the field is set in civil war-torn Mozambique, where Tierney encountered female workers in a cashew-processing facility who were grateful for their jobs. “It was very hard, grinding work, but these women told me they were happy to be able to do it in safe conditions,” he remembers. “They were sending their children to school with the money they were earning.”

At a coffee project in Tanzania, people literally broke out in song and dance, praising TechnoServe for the work it did, which has contributed to a greater level of education in the community. “It is gratifying to see how this type of work allows a second or third generation to continue on a trajectory of significantly increasing their standard of living,” he shares.

Meanwhile, at Aperture Venture Partners, the other half of Tierney’s time was spent assisting portfolio companies interested in healthcare in a variety of ways – from strategy and raising capital to M&A, business development and corporate governance. He also is co-founder, managing member and partner of Development Capital Partners, LLC, a New York-based investment firm with an exclusive focus on “frontier” and emerging markets such as Africa, India and Latin America. His son, Matthew, is the other co-founder.

Fenwick builds on foundation

When he thinks back to his high-school days 59+ years ago, Tierney cites the overall culture and style of Fenwick: “Its tradition of education and achievement,” he notes. Father Regan had a particularly strong influence over young Paul. “He was the best theology teacher, in my opinion, and made the most sense out of Christianity and Catholicism.”

As a Fenwick student, Tierney remembered Dean of Studies Fr. Jacobs as “approachable.”

Father Jacobs was Fenwick’s Dean of Studies in the late 1950s. “He was approachable,” Tierney recalls, “and talked a lot about [my] interests.” He has fond memories of Latin Teacher Fr. Hren’s invitation-only “Mozarteum” group that featured pizza and music. “For me, it added a level of sophistication to school,” says Tierney, admitting that Gene Autry cowboy songs were about the extent of his play-list genre early in life.

“At Fenwick, I participated in a lot of teams, clubs and activities,” he remembers. The 1960 Blackfriars yearbook lists Tierney as a member of the National Honor Society as well as the golf and debate teams. “Father Conway taught math and coached debate at that time,” he says. “We also competed in oratorical contests,” which is where Tierney developed his capacity to think on his feet, argue, debate and speak in public. He reflects: “These skills have served me well, always.”

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