Annual Report 2011
MIT Club of Spain
Annual Report 2011
Table of Contents
Main Events 2011
2
General Elections
5
The Club’s Finance
6
Thank You!
7
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MIT Club of Spain
Annual Report 2011
Main Events 2011
During 2011 the MIT Club of Spain has led and /or organized a number of
events, covering a broad range of academic, business and social goals and
themes.
Lunch with Ana Palacio
Our Ryder Club partner Club of Chicago has invited the MIT Club of Spain to
participate in a lunch event with Ana Palacio last March 21st at Mrs. Palacio’s
home in Madrid. The theme of the discussion was "La Politica Exterior en
España: cuál es deseable y cuál es posible".
Lunch with Placido Fajardo
Placido Fajardo, Partner at Leaders Trust International, a leading senior
recruiting firm, joined us for lunch last April 6th in Madrid. Mr. Plácido is a
reference in Human Resources in Spain and the debate focused on the
importance of managing the cycle in career development, a topic of particular
importance in times of uncertainty like the ones we’re going through.
Summer Party 2011
This year, the Summer Party took place in the very special Hipodromo de la
Zarzuela in Madrid, on July 9th. The warm summer night, the wonderful venue,
the presence of colleagues, friends and family and tasty food and drinks…
these were the ingredients of a unforgettable event of the MIT Club of Spain.
Some of us ended up betting and cheering during the horse races, and rumour
has it that someone went home with a few extra cash in his pocket.
Extraordinary General Assembly Meeting
On the same day, we celebrated an Extraordinary General Assembly meeting.
The single point on the agenda was the election of a new Executive Board. The
new team includes:
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Annual Report 2011
Telmo Valido, President
Rodrigo Serrano, Vice-president
David Prosper, Treasurer
Clara Pombo, Secretary
Maria Ferrer
Pablo Fernandez de la Torre
Inaki Ecenarro
Borja Borrero
Jaime Moreu
Marcelo Catala
After almost 3 years of hard work, Marcelo Catala stepped down as President of
the Executive Board, as he relocated to Poland for professional reasons.
Marcelo has led the Club through an important period of renewal – a special
thanks to him and to the entire team who dedicated voluntary time to the Club
during this period.
XIV Harvard vs. Insead Golf Challenge
The XIV Harvard vs. Insead Golf Challenge and IX Carlos Mingarro Memorial
took place at La Almarza Golf, in Avila. It was a wonderful cold sunny morning
of golf followed by drinks and a fantastic lunch. The MIT team was represented
by Nacho Rios, Carmen Goytre, Alvaro Perez de Lema, Diego Giménez-Arnau
Pallares and Telmo Valido. Carmen Goytre won the Closest-to-the-Pin award.
TR35 and EmTech Spain
The MIT Club of Spain and the MIT Enterprise Forum co-organized the TR35
awards in Spain as well as the first edition of EmTech in the country, which took
place in Malaga on October 26th and 27 th, , in partnership with Opinno.
Panel with Dean Schmittlein, William Aulet, Prof. Meyers and Dean Kothari
MIT, the Rafael del Pino Foundation and the MIT Club of Spainco-organized the
conference “Global Financial Challenges and Entrepreneurial Opportunities in
Difficult Times” last November 16th with an honorable group of speakers:
 David Schmittlein, John C Head III Dean of MIT Sloan School of
Management
 William Aulet, Managing Director of the MIT Entrepreneurship Center
 Stewart Myers, Robert C. Merton (1970) Professor of Financial
Economics at the MIT Sloan School of Management
 S. P. Kothari, Gordon and Billard Professor of Managemet and Deputy
Dean of the MIT Sloan School of Management
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MIT Club of Spain
Annual Report 2011
Lunch with Dean Schmittlein, Prof. Myers and Dean Kothari
The following day, the MIT Club of Spain co-organized directly with MIT a lunch
event with Dean Schmittlein, Professor Myers and Dean Kothari. The
discussion focused on the recent developments in the global economy, its
impacts on Spain, the evolution of MIT and in particular the Sloan School and
the alumni network in Spain.
Holiday Party 2011
Last but not the least, we have held our Holiday Party 2011 on December 15 th
at the unique restaurant Le Café in the picturesque Calle Recoletos in Madrid.
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General Elections
On July 9th, we celebrated an Extraordinary General Assembly Meeting, whose single
agenda point was to elect a new Executive Board of the MIT Club of Spain.
The newly elected team is formed by:
 Telmo Valido, as President
 Rodrigo Serrano, as Vice-president
 David Prosper, as Treasurer
 Clara Pombo, as Secretary
 Maria Ferrer
 Pablo Fernandez de la Torre
 Inaki Ecenarro
 Borja Borrero
 Jaime Moreu
 Marcelo Catala
After almost 3 years of hard work, Marcelo Catala stepped down as President of the
Executive Board, as he relocated to Poland for professional reasons.
Marcelo has led the Club through an important period of renewal – a special thanks to
him and to the entire team who dedicated voluntary time to the Club during this period.
For all, and particularly to those who stepped down as volunteers to manage the Club,
a warm thank you for the time invested in the Club and a reminder that the Club will be
around to serve you as you progress in your professional careers and personal life.
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The Club’s Finance
In terms of the Club’s finance, you can find below a cash balance and the key
movements during 2011. We have increased the base of contributing members and
maintained the fee flat from the previous year, particularly in light of the
macroeconomic environment and as an incentive for further enrollment.
As in 2009 and 2010, we have invested significantly in subsidizing event costs to
ensure increased participation from members. We have continued to invest in
administrative support to ensure quality of our service and response to members’
requests, while at the same time providing support to the management team. We
would like to take this opportunity to thank Marta Mora for all the energy and
enthusiasm she has dedicated to the Club in the past year.
Overall, the financial position of the Club remains strong. The team is committed to
ensure the long term financial sustainability of the Club.
2009
2011
REVENUES
Member fees
Event fees
Sale of merchandising
Financial interest
Total Revenues
4,880.00
7,280.05
100.00
0.61
12,260.66
5,580.00
5,280.00
60.00
0.15
10,920.15
5,580.00
3,954.00
0.00
0.13
9,534.13
EXPENSES
Administrative support
Event expenses
Cost of merchandising sold
Bank expenses
Other expenses
Total Expenses
2,200.00
9,613.06
90.00
355.60
620.98
12,879.64
2,400.00
6,028.00
36.00
361.46
1,869.77
10,695.23
2,950.00
6.840.19
0.00
371.75
659.00
10,820.94
5,397.22
504.00
5,901.22
4,740.77
587.60
1,360.001
6,688.37
2,501.89
587.60
1,360.001
4,449.49
389.84
389.84
952.07
952.07
0.00
0.00
5,511.38
5,736.30
4,449.49
ASSETS (as of 31/dec)
Cash
Merchandising
Loans
Total Assets
LIABILITIES (as of 31/dec)
Payables
Total Liabilities
NET EQUITY (as of 31/dec)
1
2010
Loan provided by the MIT Club of Spain to support expenses of the MIT Enterprise Forum launching event
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Thank You!
We would like to thank all Club members who join us on this journey and make it all
possible with their yearly contribution:
Cristina Aguilar Gonzalez
Sara Agulló Samaranch
Gema Alonso Ulloa
Fernando Alvarez Garrido
Jose Anguita López
Lucas Arangüena
Davide Arpili
Santiago Bañales López
Juan Barbolla Pérez
Jordi Ber Marti
Eric Bernard Feo
Jose Bolorinos Cremades
Borja Borrero Mayora
Gianmarco Broggini
Javier Bustinduy Fernandez
Willian Cabrera
Luis Cañizo2
Marcelo Catala Espinosa
Mark Cheshire
Luis Miguel Ciprés Bandrés
Javier Crespo Morales
Rafael de Cardenas Lopez
Benito de Celis Carrillo
Jean Jacques Degroof
Javier de Lucas Collante
José Luis del Valle Doblado
Luis Deza Gordo
Angel Diaz Alegre
Javier Donoso Rebuelta
Iñaki Ecenarro Iturrioz
Benjamín Estévez de Cominges
Maria Ferrer Villanueva
Patricia Ferruz Aguilar
Edouard James Fernández Baillie
Ana Fernández de la Pradilla
Pablo Fernández de la Torre
Gonzalo Figuera
Daniel Freire
Jose Cabrera
Leandro Gamboa Sanz
Luis Garcia Delgado
Juan Antonio García Peredo
Carlos García Pont
Elena Gil Lizasoain
Alberto Gomez Arreaza
Margarita Gómez-reino
Pedro Alberto Gomez Rodriguez
Sergio Gongora Lalaurie
Enrique Gonzalez Campuzano
Jorge Graells Ferrández
Virginia Guerrero Santo-tomás
Stefan Hamann
Jonathan Hayes
Ruben Herkovits
Belen Hermida Rodríguez
Teresa Maria Hernandez Lopez
Eugenio Herranz López
Ricard Huguet i Galí
Nils Magnus Fredrik Johnsson
Joan Llorach Mariné
Santiago López de Haro
Juan Marchini Blanco
José Luis Mendoza Zabala
Fuencisla Merino Artalejo
Carme Miro Croutier
Carlos Molina Zamora
Belen Monedero
Pablo Moreno Palacios
Jaime Moreu Gamazo
Joaquín Moya-Angeler
Amaia Noguera Lasa
Javier Oficialdegui Alonso de Celada
Jose Ignacio Orbegozo Landaluce
Nicolas Oriol Hoyos
Arsenio Otero Perez
Elena Pajarin
Miguel Palacios Fernández
José Ignacio Pérez Arriaga
Alvaro Perez de Lema
Luis Pita
Clara Pombo Morales
Pablo Aitor Postigo
David Prósper Cardoso
Maria Teresa Pulido Mendoza
José Antonio Ramos Calamonte
Antonio Rumeu de Armas Cervera
Telmo Ribeiro Valido
Juan Rosas Rodrigo
Ricardo Ruiz de Querol
Rafael Ruiz Hernández
Felipe Ruiz López
Estefania Sanchez Rodriguez
Rodrigo Serrano
Agustin Silva Castaño
Francisco Silva Castaño
Maria Sotomayor Ruiz
Ezequiel Szafir Holcman
Juan Jose Tenorio Blazquez
Francisco Javier Torres Ramirez
Carlos Torres Vila
Pere-Andreu Ubach de Fuentes
Josep Valor Sabatier
Juan Vazquez romero
Mario Villa
Jesus Villacorta Turienzo
Luis Vives de Prada
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We would also thank a number of institutions with whom we have worked together
during the year:
Fundación Rafael del Pino
Fundación everis
Fundación Bankinter
Gomez-Acebo & Pombo
All Club members of the Ryder Club
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