The Rice Thresher | Wednesday, January 13, 2016

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VOLUME 100, ISSUE NO. 14 | STUDENT-RUN SINCE 1916 | RICETHRESHER.ORG | WEDNESDAY, JANUARY 13, 2016

Re(solutions) Yesterday, you said tomorrow. Be deliberate

see Ops p. 6 New year, new beats Please your ears in 2016 with five upcoming concerts

see A&E p. 7

Human capital $50 million gift the result of mutual desires

Bouncing back Women’s basketball back in the groove over winter break

see Sports p. 9

New meditation and prayer room to open in RMC Anita Alem News Editor

The Student Association and Graduate Student Association have moved out of their office space in the Rice Memorial Center cloisters and designated the space as a meditation and prayer room, according to SA President Jazz Silva. Although intended to be religious, nonreligious or interfaith, the space is being allocated partly due to efforts on behalf of the Muslim Student Association as well as the Boniuk Council, Student Activities, GSA and the SA. “I would be dishonest to say that this advocacy wasn’t largely sparked to address the needs of our Muslim students on campus,” Silva said. “After looking at the needs of the MSA, we discovered that the space most suitable was our own office.” The MSA currently utilizes the groom’s college next to the RMC chapel for prayer space. Muslims have three to five obligatory prayers every day that must each be completed within a certain time span. As some of these are during the school day, the times conflict with typical coursework and extracurriculars, so the prayers must be completed on campus. Former MSA President and Boniuk Council member Zaid Bilgrami (Baker ’15) conducted several surveys within the MSA to determine how best to meet the students’ needs. “We found that the prayer room was visited at least 137 times in a week,” Bilgrami said. “This is around average.” Students raised several concerns, including size, noise, access and lack of an ablution space. Since the groom’s closet is attached to the chapel, sounds from the chapel are easily heard and the room was occasionally locked and used for weddings. “On occasion, [weddings] also resulted in trash and sometimes alcohol being left in the space, 0see PRAYER, page 3

jake nyquist/thresher

Tom Kolditz, director of the Doerr Institute for New Leaders, hopes to design a leadership development program for any Rice student who wants to participate. Before coming to Rice, he developed similar programs at the Yale School of Management and West Point.

Miles Kruppa Senior Editor

General Tom Kolditz stood in front of a crowd of Rice University parents during Families Weekend in October and began describing the World War II surrender of a German command to General Charles Canham. In the story, the German general walks up to Canham and a group of ragtag infantrymen and asks to see his credentials. Canham then gestures to his soldiers and says, “These are my credentials.” “That’s how I feel here at Rice,” Kolditz, director of Rice’s Doerr Institute for New Leaders, said to the audience, pointing to the seven Rice students on stage. “I’ll just tell ya, you’re going to have a great time this afternoon with my credentials.” The students were participants in the Doerr Institute for New Leaders pilot program, which provided individualized leadership coaching to 12 hand-selected Rice students over the course of a month. It’s the first step in a larger rollout of the institute, which was endowed by the largest single gift ever made to Rice: a $50 million donation from venture capitalist John Doerr (Lovett ’73) and his philanthropist wife Ann (Jones ’75) through their charitable organization, the Benificus Foundation. The institute promises to make leadership development opportunities available for all Rice students. “I’m an innovation junkie,” John Doerr, speaking for himself and Ann, said. “I worship at the altar of innovation. Big ideas, disruptive ideas: Those are the germ plasm, the seed corn of progress and prosperity.” But Doerr also likes to say that ideas

are plenty and execution is scarce, making good team leadership crucial. Doerr’s beliefs square with Rice President David Leebron’s Vision for the Second Century: In 2006, the Board of Trustees revised the university’s mission statement to reflect the V2C, which calls for the production of “leaders across the spectrum of human endeavor.” In the years since, Rice has seen a boom in leadership with the creation of the Center for Civic Leadership, the Rice Center for Engineering Leadership and a number of other leadership initiatives. The Doerrs endowed RCEL with a $15 million gift in 2008.

I’m an innovation junkie. I worship at the altar of innovation. John Doerr Venture capitalist

According to Darrow Zeidenstein, vice president of Development and Alumni Relations, the donation for the institute was the culmination of years of discussion between the Doerrs, President David Leebron and the Office of Development and Alumni Relations beginning in 2007.

The Program Wiess College senior Isabel Scher was one of the seven students onstage with Kolditz during Families Weekend. Her freshman year, she attended the Impact Rice Retreat. She was then selected for a Student Mentorship Experience where she was taught how to be a “star follower” at an internship. She has participated in many of the wellknown entrepreneurship and leadership programs Rice offers, including Rice Launch, OwlSpark, Alternative Spring Break, the Initiative for Students, a Center for Civic Leadership capstone and finally, the Doerr Institute for New Leaders pilot program. Zeidenstein nominated her for the pilot program when she was interning with the Office of Development and Alumni Relations. She was assigned a coach, who helped her manage her long-term goals and short-term commitments. “It’s kind of like having a therapist, but instead they’re your coach,” Scher said. Another student in the program, Wiess College senior and Coffeehouse general manager Mason Daumas, worked on communicating in group settings. Leadership coaches are licensed professionals, often with graduate experience in psychology, who discuss leadership with their clients and encourage self-reflection. On average, students in the pilot program met with their coaches for 3.5 hours over the course of the month, according to Kolditz. Kolditz said the institute believes in the 70-20-10 system of leadership edu0see LEADER, page 2

“John’s a very analytical and methodical guy, and he said, ‘Here are the five areas Ann and I care about,’” Zeidenstein said. “From his point of view, there are probably other places where he can influence [areas such as climate change]. But leadership: He clearly thought Rice could be great in moving that agenda along.” Not long after Leebron announced his V2C, Doerr gave the 2007 Rice commencement speech. As part of his preparation for the speech, he talked to two dozen Rice seniors about their values and curiosities. He said Rice students were clearly interested in figuring out what mattered in life, but many of them also weren’t prepared to be leaders despite their academic abilities. “These were all very smart, very technically proficient people, but I’d say of the 24 there were only a couple of them that I think exhibited leader DNA,” Doerr said. “And I thought to myself, what if that was added to the incredible mix that Rice University is?” Doerr defines leaders as people who dedicate themselves to a team, listen to others, are self-aware, attract followers and work well in nonhierarchical groups. Kolditz calls this a serviceoriented leader, Doerr said, and points to the types of people Google and Facebook want to hire. Leebron said he often cites Ann Doerr’s belief that every interaction is an opportunity for leadership and that everybody has the potential to be a leader. Above all, Leebron said he sees the gift as an investment in students supporting a central aspiration of the revised mission statement: “Contributions to the betterment of the world.”

Student investment fund falls 14 percent in 2015 Maurice Frediere Thresher Staff

The Rice University Investment Fund, which manages $5,000 consisting of endowment funds and alumni and member donations, faced an uphill battle beginning the 2015-16 school year. As of Nov. 22, the Fund’s total return since its inception in fall 2014 was down 13 percent, according to RUIF President Glenn Baginski. Ben Fisher, the fund’s founder and past president, and five student directors graduated in spring 2015, leaving RUIF without many individuals who had been with the fund since its inception. According to the Rice Finance mis-

sion statement, the fund was created to provide undergraduates with the opportunity to build skills relevant to careers in finance and business. There are currently 50 members of RUIF. In a joint response to an email, the board of RUIF said that the fund has had poorer returns than the Standard & Poor 500 but articulated an expectation of improved returns in the future. “Our benchmark is the S&P 500,” Baginski, a Baker College senior, said. “The total S&P 500 return since the fund’s inception: -1.52 percent. We hope that our portfolio and the U.S. stock market rises over the long term.” The current stocks owned by the 0see FINANCE, page 5

Performance Total Return % of RUIF 10 5

S&P 500 Index (1.15)

0 -5 -10

RUIF Portfolio (-14.28)

-15 -20

1/ 3 1/1

5

3 /2

4/1

5 /1

5 /3

0

6/3

0

7/3 0

-

8/2

9

9/2 8

10 /28

/15

Yearly fund performance: -14% over 2015


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