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Written by Edward Bouldin, Master’s of Accountancy, ’19

On a typical day, I travel from Wiesbaden to arrive at the Ostrich-Winkle but on this particular day I stayed with some friends in Frankfurt. The train from Frankfurt to Ostrich-Winkle takes some 45 minutes to arrive. Surprisingly tons of people actually travel by train from the Frankfurt “Hauptbahnhoff” towards Ostrich-Winkle everyday. Frankfurt is a busy city not unlike DC.

I arrived about an hour early to the European Business School and walked around it. It’s not a big campus at all. In total, it may be a bit bigger than Funger and Duques Halls put together. However, it is very historic. Class started this week everyday at 0900. Breakfast was not provided so I walked a short distance from the campus and picked me up a cappuccino and croissant before we started class. There is a very small coffee machine that dispenses coffee for a 25-cent Euro piece but I just couldn’t figure it out!

As I walked around the University for the first 30 minutes before class I peaked in just about every room. Old chandeliers and cabinets adorned the sides and rear of each class. It looked like New York Library meets West Minister Abbey. Adjacent to our classroom I found a grand piano so I began to play a little bit of John Legend. Within 30 seconds the smooth melody of “We’re Just Ordinary People” filled the old halls of the school. It was only me there at the time. A tree fell in the woods and nobody heard it. Once that was out of my system I continued my observation outside.

The school has a large courtyard where students can gather and hang out during breaks in the class. There are a few tables there for people to sit and eat as well as lunch is offered at a very small fee. The food was generally pretty good. I think I might have paid five euro or so for everything, including a Euro Snicker bar. I say Euro because it’s just not as sweet as I remember from back home.

About 30 minutes elapses and the class begins. Dr. Niels Deschow is now about to stand in from of us for almost eight hours teaching us about Auditing and its future. He talks in front of us until he is almost out of breath. The general rule in the states is for every hour or hour and a half you teach comes a ten-minute break. Not here. It was a little something I had to get used to. Good thing I had the cappuccino from earlier! Homework for the week consists of four separate articles on the future of Auditing practices and two case studies. I look forward to what the next few weeks bring.

Reflection by Shreyas Bhatnagar, MBA Candidate ‘20

This summer’s Business & Society Course Privatization, Nationalization and Public-Private Partnerships was one of the hardest classes to get into. I was told by my academic advisor, two semesters in advance, to be on the lookout for this class. With minimal spots available and a unique DC-immersion opportunity for online students around the country, each student has to be the first to register online. The registration process in itself was a competition, similar to the many themes we discussed in class.

I signed up for this class because it applied to my job at the U.S. Department of Transportation (USDOT) where I work for a mode of transportation, the Federal Railroad Administration (FRA). The current administration is keen in understanding and applying privatization and private public partnerships (PPPs) within the federal government. At the FRA, we are working on three large privately sponsored environmental impact studies which is the first step to bringing a project to a construction ready status. The projects allow for private technologies, previously not used in the U.S., to use their intellectual property for commercial means. Fortunately, or unfortunately (depends on how you view this), my region has two of the three projects FRA is currently working on including two new technologies, Hyperloop and Super Conducting Magnetic Levitation (SCMAGLEV). Hyperloop is a proposed mode of underground passenger and freight transportation under development by Tesla and SpaceX. The SCMAGLEV project is sponsored by Japan Rail Central, a Japanese railroad company who has political connections all the way up to their Prime Minister. The Prime Minister of Japan has met with both President Trump and President Obama to discuss SCMAGLEV technology and requested their support of their project.

Since I play a leading role in ensuring these private companies and the federal government provide economic opportunities to both the private industry and the public; the Business and the State: Privatization, Nationalization and PPPs class was a perfect fit for both my career and growth within the agency.

The class itself was broken out into two sessions. The first session was an online learning environment where Professor Weiner conducted virtual classes with a lot of background information on privatization, nationalization, PPPs, and the role of government. There was discussion and readings that helped the class understand and paint a picture on the pros and cons of privatization and nationalization. The second session was a four-day marathon of classes which included speakers and live learning. The live learning sessions were particularly immersive because we, as students, had the opportunity to learn about how others use their careers to change the world around us. Traditionally, students are expected to view lectures, attend class, read articles, textbooks, and journals to gain an understanding of a specific topic. The live sessions helped students learn what actually goes on in the real-world.

The opportunity to view presentations in class and visit experts that work in our government during our visit to Capitol Hill was and will be my most memorable moment at The George Washington University.

When I first came to class, my understanding of a PPP was that it was the best option out there for governments. With budgets being slashed and government providing less funding for basic necessities; the idea of a PPP is something all public servants believe is the answer to their fiscal problems. This class opened my eyes when we dug deep into understanding how PPPs actually work. Over the span of multiple discussions with experts in varying fields, there were several themes that were central to all conversations. Important discussions during class highlighted topics of stakeholders, accountability, political decisions, direction or alignment on how to move forward once in partnership, competition, corruption, and most important profitability. The speakers were effective in painting a picture on how PPPs and nationalization works around the world. Without having real time discussions from experts in all fields, it would be hard to learn the intricacies of how agreements are made and best practices to use moving forward. I am glad to have experienced a course where I get to meet people from all backgrounds and have the opportunity to learn and understand different perspectives. The opportunity to view presentations in class and visit experts that work in our government during our visit to Capitol Hill was and will be my most memorable moment at The George Washington University.

I will use the lessons learned from this class and apply them to my current and future projects. In fact, I was recently able to use the knowledge gained from this class to understand how to make an important work decision. The funding for the SCMAGLEV project congressionally requires that the private entity show how, once built, the project will benefit the public. The idea of benefiting the public has a different meaning for me after taking this class. Understanding that a good deal needs to be made at both sides for PPPs to be successful will be my negotiation point. By using key points and takeaways, I now have the confidence to ensure public money will be used to benefit both the private company and most importantly the community.

Written by Edward Bouldin, Master's of Accountancy, '19

Ahhhh Lufthansa I thought while in front of the computer. I had heard so many good things about the airline from people who had already been to Germany for one reason or another. I bought the rather expensive tickets from Washington Dulles to Frankfurt about three weeks prior to me having to attend the one-week language class before the start of the semester studying abroad. I had it all planned out. I’d fly into Frankfurt Airport and catch the train to Wiesbaden where I would stay until the semester is over. A great plan since Wiesbaden is only a 25 minute train ride away from the European Business School (EBS) at Oestrich-Winkle. When I got to Wiesbaden I didn’t regret the decision at all. The view of the old city was stunning!

I arrived at the Wiesbaden Hauptbahnhoff and immediately began looking for somewhere to get cash out of the ATM. I needed cash in order to catch the train; at least that it was I thought anyway until I looked at my EBS student ID card. In the smallest letters underneath my name read “RMV valid until December 2019”. That meant I would be able to ride all the trains, buses and any other public transportation in and around Hessen. I waited for the RB (Regional Bahn) 10 for about 15 minutes and six stops and 30 minutes later I found myself in Hattenheim.

Hattenheim has one of the smallest train stations I have ever seen. In fact it's more like a stop in between than a station as there is no real building where people can go inside and physically buy tickets. In fact there is only a small-automated machine that allows you to purchase tickets. After I left the Hattenheim train stop I began looking for the direction of the EBS, which I saw immediately after, is located a short walk over a bridge past a vineyard. Usually that would be where I need to go but today I was starting my German Intensive Course offered gratis by the EBS and needed to go to the language center located on the Burg Campus, which was about, 2km walk in the same direction. Thinking I was smart I jumped on the first bus I saw going in that direction and that's where the fun began.

A quick look at my cell phone made me aware that I was about an hour and a half early for the class, which at the time I thought I wouldn’t need, and regretted having came so early. Again, the Burg Campus was about a 2km distance from the Hattenheim train stop with no turn in direction.

That’s where I thought the bus I was on was going until it made a left turn from the path. I thought ok no big deal, this is the time that I must get off and find my way back walking. In theory that was a good idea but the next stop was about 2.5 kilometers away. I got off the bus and switched to the other side thinking that the next bus should be coming soon. I was mistaken. The next bus wouldn’t come until one hour and fifteen minutes had elapsed! Unsure what to do I looked at the “MyTaxi” app (since Germany doesn’t have “Über’and the next taxi would have to come from a city that was 15 minutes away. My direction app told me that the campus was 2.8 KM away and I would need between 35 and 40 minutes to walk there. I than began walking by foot. My first piece of advice to the students thinking of studying here abroad is to ensure that they have done a thorough reconnaissance of the location prior to embarking on a journey that they have never done and also to have some sort of smart phone with internet on it. The EBS Business school is located between two very small communities and beyond them there is nothing else but vineyards, mountains and packs of wild pigs…. Yes, packs of wild pigs.

The walk was probably the most tranquil thing I had done in years. I have never seen so many rolling hills and vineyards in one place. From the top of Ostrich-Winkle I could see the Rhein-Mein River. I felt like I was in a dream, until I saw it. Something walking on all fours about half of my height with what looked like tusks hanging from its oversized mouth. Wow. That was a boar about 100 meters from me. It didn’t see me but I saw it. I froze in the street as there were no sidewalks where I was walking stunned and indecisive. If I kept walking and it did see me there was no telling what its intentions would be. In luck I saw an Opel driving in my direction and I flagged him down. An older German gentlemen who looked as if he was just coming from the town rolled down his window and in the most broken English mustered the words “…How can I help”? I explained to him what I saw and he told me to just keep walking. He explained to me that they are much more afraid of me than I of them. So I did. I made it to class in one piece and began my first course in German.

The rest of the week was much better than the first day. We all had to be in class at 0830 daily so I took the train from Wiesbaden at 0700 and rode 30 minutes to Hattenheim. This time I let the bus to Hallgarten pass me by J. I walked for about 2kms to the Burg Campus and arrived with about 30 minutes to spare before the class started each day. The second day I immediately began looking for café’s to get a coffee as I am an avid coffee drinker and that is usually true for the entire day. I think that may mean I don’t get enough sleep. Anyway there was no coffee shop or café to be found save the one located at the Swan Inn about 30m walk away from the campus. Unfortunately that café was not what we as Americans would consider a café and I was unable to get a coffee. I went the rest of the week without it. Argh!

Next week I’ll be starting the first class of my two that I will take throughout the semester. I really look forward to taking it all in and documenting every part of it.

By Deedi Yang - MBA '19

I have taken several Business and Society courses during my studies at GW and thoroughly enjoyed the unique learning experience each time. The hallmark of the Business and Society series is without a doubt the speakers, as they comprise the majority of the program content. The quality of learning is largely dependent on these speakers’ presentations and class engagement which are large contributing factors to how much one gains from the course. It is impossible to predict the classroom dynamic or what to expect from the different speakers, but just as it was with the other Business & Society courses I participated in, including Corporate Fraud & Corruption and Fintech, I was not disappointed.

 

Our first speakers Jennifer Hara, Director of PPP Services for Public-Private Partnerships at IP3 and Seth Miller Gabriel, Director of Strategic Initializes and Programs at the Association for the Improvement of American Infrastructure (pictured above) were the perfect pair to kick off the course. Their casual yet substantive dialogue was exactly the kind of engagement from which I learn best. They introduced the idea that would for me become the thesis of this course, which was that as popular as the concept of PPPs is, they are not always successful nor the best or most effective solution to a problem. This notion surprised me coming from the pair who both work as consultants for advisory firms promoting PPPs, and as such I would have expected them to be the biggest proponents of the model. As a DC resident, I appreciated Seth’s discussion of his time as the first Director of DC's Office of Public Private Partnerships and his humorous and honest account of the challenges he faced there. He also delivered the most memorable quote of the course for me which was comparing PPPs to a marriage, and that divorce is very expensive due to the negative externalities. In order for the arrangement to be successful there needed to be an alignment of interests between the public and private entities with each having something to gain from the partnership. This need to maintain a positive, mutually beneficial relationship for both parties, was a common theme expressed by subsequent speakers.  

 

If I had to choose just one takeaway from this course, it would be the question of what a PPP is and what a PPP is not, and the fact that no two speakers had precisely the same definition. An important distinction raised for me by Professor Weiner, was his emphasis that not every privately outsourced public project is necessarily a PPP (otherwise every government contract would be considered one). I had to continually remind myself of this throughout the four days as the concept was applied in such a broad manner, it seemed to almost become a buzzword easily thrown around in business and government alike. Each speaker seemed to refer to the term a bit differently but as a basic framework there seemed to at least be consensus that PPPs deliver a public service with a private partner. Overall, everyone seemed to agree that PPPs were a good thing, but as Mark Copeland, Senior Policy Advisor to Senator Tammy Duckworth (pictured above) put it, “it is not a silver bullet, it is just another tool in the tool kit.”

As an MBA student that has worked in the public sector for the last twelve years, I take special interest in the intersection of business and politics where PPPs reside. A significant takeaway for me is that there is an unavoidable political dimension to PPPs. As such I found that our day spent on Capitol Hill provided valuable insight and was my favorite experience on both a personal and professional level. The surprise visit by Congressman Meadows was memorable as it is not common to have the opportunity to engage in discourse in such an informal manner with a sitting member of Congress (and the red taxidermy-filled walls pictured below are certainly something I will never forget). 

 

Having recently started a new position in the Department of Energy’s Office of Congressional and Intergovernmental Affairs, I was especially interested in how partisan politics may influence a bipartisan concept such as PPPs from a policy perspective. I felt a pronounced difference between our meetings with members of Republican Mark Meadows staff and Democrat Tammy Duckworth’s staff and it was clear that interpretations of what PPPs are and how they can be best leveraged to benefit the public differ by party lines. I found Kyle Klein’s perspective as the Minority Subcommittee Director for Transportation and Maritime Security on the House Homeland Security Committee to be most interesting, as he was beholden to a policy area rather than the interests of the district or state he was elected to represent. 

This course experience relates very much to my job at the Department of Energy (DOE) where for three years I worked in the Advanced Manufacturing Office supporting projects partnering with industry and academia. I am one of the unusual business school students who feels strongly that Government involvement in the private sector can promote not stifle growth and innovation. Over the course of my MBA however, and ending with this class in particular, I can now see that the public sector isn’t always necessary, that the private sector can be trusted to hold themselves accountable without regulation, and often does have better solutions for public problems. This was an extremely rewarding class that made me realize as jaded as I have become and as frustrating as bureaucracy is, I still believe in a citizen’s right to agency and prefer the inefficiency of democracy to the alternative.

Author Deedi Yang (far left) and her class are pictured above with Congresswoman Debbie Lesko