UCLA Anderson’s 2018 commencement ceremony, like others before it, celebrated the degrees and accomplishments of the newest graduates of its three MBA programs, along with a scattering of brand new Ph.D.s.
But unlike any such event at Anderson in more than a dozen years, Friday’s celebration also marked the end of an era. On July 1, Dean Judy Olian will become president of Quinnipiac University in Connecticut, making this year’s graduation the last time she will confer Anderson degrees and preside over its commencement.
“These last 12-plus years at UCLA have been the best years of my life” Olian told the crowd of several thousand, including some 800 graduating students, gathered before her on sun-swept Wilson Plaza. “What a privilege and joy it’s been.”
Before delivering personal remarks, Olian introduced the afternoon’s keynote speaker, William S. (Bill) Anderson (J.D. ’88), son of the school’s namesake,Topa Equities founder John E. Anderson (’40). The late John Anderson and his wife Marion, who passed away in 2017, are the institution’s most generous benefactors, together with Bill Anderson and his siblings.
In his address, Anderson spoke movingly about the concept of change and his admiration for those in the business world who find the courage to take a risk. Anderson then told of his own long-debated decision to leave the family business where he had worked alongside his father, to strike out on his own.
“So, there I was for almost a year, thinking about leaving a very safe family business position,” Anderson said, noting that such a leap might feel less intimidating for many younger people in his audience. “You change jobs more frequently and you do a better job of seeking out new experiences than many prior generations. You have all had the courage to pause and step out of your work lives to attend business school. But, my guess is that some of you still fear change as much as the rest of us.”
Anderson referenced his experience in the beverage industry, saying a few risk-taking craft beer brewers had challenged and changed an industry once dominated by a handful of established major brewers.
“To lead change, you’ll need to step out of your cozy worlds and model the change you want to be known for in your life,” Anderson said. “That will take grit and courage. You won’t be able to ask others to grab and embrace change before you do.”
Returning to the podium after the keynote, Olian characterized her long, successful tenure as Anderson’s dean as “a lot of learning.” She shared with the graduates five lessons she said she would carry with her.
“I’ve learned that you can continue to learn forever,” Olian said. “I’ve realized how much I have yet to learn, and how much better I am when I open myself up to others. I wish the same for you — always to be curious, to seek out the unfamiliar and to keep learning.”
Her second lesson spoke to the capriciousness of fate and fortune. “It is a matter of luck that certain gifts are handed only to some,” she said. “There’s nothing that’s ‘deserved’ about being lucky, or unlucky, (and) it’s our duty — those of us who were born lucky — to give opportunity to others, to those who are less lucky.”
Next, she referenced the Anderson quality of sharing success. “I’ve learned that if you’re surrounded by a great team, a lot can happen,” she said, “way more than you could ever achieve by yourself.
