Future of Global Business Conference 2024
Baratta Center Discusses Global Competition and Collaboration During Annual Conference
The Baratta Center for Global Business hosted its second annual Future of Global Business Conference at Georgetown University’s McDonough School of Business to gather thought leaders, industry executives, and members of the Georgetown community to discuss the theme, “The Path Forward: Competition and Collaboration in a Fragmented World.” The conference welcomed over 300 attendees to share insights on topics such as cross-border investing, resilient leadership, transformations in energy, mobility, and food, and the intersection of profit and purpose.
“Pulling from our longstanding traditions and partnerships here in Washington D.C. and around the world, we are ideally positioned to understand, unravel, and find answers to the most complex issues facing our global business community,” said Paul Almeida, dean and William R. Berkley Chair at Georgetown McDonough, during his opening remarks. “Through this conference, new degree programs, and our faculty-led centers and initiatives, we demonstrate to the next generation of business leaders that positive change comes from embracing ambiguity, leaning into innovation, and keeping a values-based approach to business.”

Keynote Dialogue: Investing Globally in a Fragmented World
In a keynote conversation moderated by Ricardo Ernst, Baratta Chair in Global Business, and Anil Khurana, executive director of the Baratta Center, David Rubenstein, co-founder and co-chairman of the Carlyle Group, shared his insights on the current challenges facing cross-border investment. He stressed that one of the key challenges is the growing backlash against globalization, particularly in the United States.
“Many people see globalization as a way of taking jobs and shipping them offshore,” Rubenstein explained, referencing the sentiment of displaced workers in the United States.
He noted that this sentiment, often directed at China, has fueled protectionist policies, including tariffs and investment restrictions, which continue to strain international trade relations.
“Right now, the U.S.-China relationship is as challenged as any time I’ve seen since Tiananmen Square, because the U.S. has a view that China is not just an economic competitor, but a technological and military competitor.”
Offering advice to the audience, Rubenstein said to share credit with others and practice humility, noting, “It takes a lifetime to build a reputation and five minutes to ruin it.”
He also underscored the value of ethics in decision-making and encouraged finding work that sparks genuine passion. As it relates to investments, Rubenstein emphasized that trust is the cornerstone of successful investments.
“Investing is about two things: predicting the future, and trusting that the people you give the money to are going to be honest, and that you’re going to get your money back,” he explained.
As he closed the panel, Rubenstein noted the significance of giving back to society, reinforcing that a life of purpose extends beyond personal success.
“You should try to do something that gives back to society and gives back to the country something that’s more meaningful than just having a big bank account, and I think you’ll be happier for doing that.”

Resilient Leadership: CEO Perspectives on Global Risks and Opportunities
Following the keynote dialogue, Georgetown McDonoughProfessor of the Practice and Academic Director of the Executive MBA program Nicholas Lovegrove moderated a fireside chat with two senior executives on managing today’s complex global risks.
Joe Amato (B’84), president and CIO of Neuberger Berman, and Bob Pragada, CEO of Jacobs, discussedstrategies for addressing volatile economic trends, climate imperatives, and geopolitical pressures. Amato highlighted that while there is growing tension brought on by rising isolationism, the positive effects of globalization remain undeniable.
“The hundreds of millions of people that have emerged from absolute, abject poverty have been driven by globalization trends over the last 30 or 40 years,” shared Amato, emphasizing the significant socioeconomic progress that globalization has facilitated.
Pragada agreed, saying that while recent years have spurred political divisions, companies like Jacobs continue to see the value of a globally connected workforce.
“We need each other more than we ever needed each other before,” said Pragada, “I don’t need to be across from you in a project team in order to be connected on delivering a solution locally…the world’s a little bit flatter than we thought.”
Pragada talked about Jacobs’ unique approach to resilience, explaining the firm’s recent restructuring, which allowed it to focus on its core sectors such as infrastructure and tech manufacturing while remaining adaptable in a volatile market. He also described Jacobs’ “matrix” structure, which balances regional specialization with access to global talent, enabling the company to respond quickly to local demands.
Amato mentioned Neuberger Berman’s approach to managing investments in this complex landscape, noting that companies must now consider not only economic outcomes but also the broader regulatory and political implications of their decisions.
“As an investor, you have to be brutally objective – it’s not what you want to happen, it’s what you think is going to happen,” said Amato. “If these are the rules, then you figure out how you maximize your investment opportunities within those rules whether it’s trade trends, tariffs, [or] laws changing.”

Reinventing Industries: The Future of Energy, Mobility, and Food
The panel on the transformation of the energy, mobility, and food industries explored how these sectors are innovating to address both technological advancements and sustainability demands.
Caroline Berson, vice president of global public policy and government affairs at PepsiCo, and Stephen Milam, executive vice president of DENSO International America, discussed their respective industries’ approaches to sustainability with moderator Sven Dharmani (MBA’99), principal and industry supply chain leader at EY.
Berson spoke about the PepsiCo Positive initiative, which is committed to achieving net zero emissions by 2040 by embedding sustainability and collaborating with local communities worldwide into core operations.
“One of the projects that I’m particularly proud of is an initiative we have in Iraq with potato farmers there, together with the World Food Programme, to not only help those farmers become stronger and more resilient in the face of climate change but also to improve conflict-driven instability and just make sure that their supply chain is as resilient as possible,” said Berson as she described the Positive initiative.
Milam highlighted DENSO’s advancements in electric vehicle (EV) technology as well as its broader mission to support green solutions, including improved safety systems in automotive engineering.
“We have two main missions: one is [being] green and one is peace of mind,” said Milam. “But peace of mind is really about bringing safety to the automotive sector in a way that has not been there before, and making a world of zero traffic accidents.”
Both speakers stressed the need for companies to focus on sustainable, adaptable practices to drive industry-wide resilience against geopolitical, environmental, and logistical disruptions.

Creating Shared Value: The Intersection of Profit and Purpose
The final panel, moderated by Georgetown McDonough Swan Family Assistant Professor Quentin Dupont, explored how businesses can balance financial success while also driving positive social impact.
Ellen McClain, CEO and president of Year Up United, shared her organization’s collaboration with corporations to increase economic mobility for underserved young adults, citing Charlotte, North Carolina’s improvement in mobility rankings as an example of impact through local hiring.
Geof Rochester (B’81), founder of GRC Advising, discussed that businesses today integrate purpose into the fabric of their business — not as an add-on, but as part of their core mission.
He highlighted a shift in C-suite conversations, noting that sustainability and social responsibility are now central to strategic business discussions across industries.
“I think we have a marvelous opportunity globally to unleash the power of capitalism for social goods,” said Rochester.
Sherri Rossoff, managing director and chief operating officer of RockCreek explained how the investment firm aligns financial performance with purpose-driven investing, especially in emerging markets.
The panel demonstrated how profitability and responsibility can co-exist, aligning with the Baratta Center’s mission to foster a globally responsible business ethos.

Global Impact Award Reception
The event concluded with a reception, at which Joe Baratta (B‘93) presented the inaugural Baratta Center Global Impact Award to five Georgetown alumni – all under 40 years old – to recognize their outstanding contributions to global business. The award winners were Vikram Agrawal (SFS’07), Caroline Cotto (NHS‘14), Agustin Porres (MPP‘16), Devi Sahny (C‘15), and Alexandra Scott (NHS‘10; G‘15).
These awardees were selected for their leadership and innovation in advancing a connected, inclusive global economy, and for their impact across the diverse areas of education, environment, technology, international development, and food.
“We are proud to recognize five exceptional alumni for this year’s inaugural Georgetown Baratta Center Global Impact awards, who are driving the future of global business through their professional, philanthropic, and educational endeavors here in Washington, D.C., and around the world,” said Anil Khurana, executive director of the Baratta Center at Georgetown’s McDonough School of Business, during the award announcement. “The Baratta Center looks forward to recognizing these outstanding Hoyas for their dedication to serving the common good at the Future of Global Business Conference this month.”
Watch the conference recordings on YouTube. To learn more about the Baratta Center, please visit globalbusiness.georgetown.edu.

Rubenstein is co-founder and co-chairman of the Board. He was elected to theBoard of Directors effective July 18, 2011. Previously, Rubenstein served as co-chief executive officer of Carlyle. Rubenstein is a Baltimore native and is the chairman, CEO, and principal owner of Major League Baseball’s Baltimore Orioles.
Joseph V. Amato serves as president of Neuberger Berman Group LLC and chief investment officer of equities. He is a member of the firm’s board of directors and its audit committee. His responsibilities also include overseeing the firm’s fixed income and hedge fund businesses.
Joseph Baratta is the global head of private equity and a member of Blackstone’s Board of Directors. He is also a member of the firm’s management committee and serves on many of the firm’s investment committees.
Caroline Berson is the corporate affairs chief of staff and vice president, global public policy and government affairs at PepsiCo. In this role, she oversees geopolitical advisory, global thought leadership, and serves as the primary liaison between PepsiCo and the Washington, D.C., diplomatic community.
Sven Dharmani is a principal and consultant at EY, recognized as one of the Top 25 Automotive Consultants of 2024 by The Consulting Report. With a focus on strategy development, process re-engineering, and sustainable solutions, Dharmani brings extensive expertise in supply chain strategy, operating model design, and manufacturing operations. His work spans multiple industries, including automotive, transportation, and industrial manufacturing.
Quentin Dupont, S.J. is the Swan Family Assistant Professor at Georgetown’s McDonough School of Business and is a member of the Society of Jesus (the Jesuits). Prior to joining the Georgetown faculty, Dupont completed a Ph.D. in Finance and Business Economics at the University of Washington in Seattle. . His research interests include the role of trust in economic and financial decisions, the consequences of misconduct, and corporate governance.
Ricardo Ernst is the Baratta Chair in Global Business and Professor of Operations and Global Supply Chains, Director of the Baratta Center for Global Business, Managing Director of the Latin American Leadership Program and former Deputy Dean, all at the McDonough School of Business, Georgetown University. He holds a Civil Engineering degree from the Universidad Católica Andres Bello and an MBA from the Instituto de Estudios Superiores de Administración, both in Venezuela. He received an MA degree and his Ph.D. in Operations Management from the Wharton School, University of Pennsylvania. He joined Georgetown in 1987. His research interests include strategic analysis of global supply chain systems at both macro and micro level. He has published five books and more than 40 publications in academic journals and is currently the Editor-in-Chief of the virtual Journal “
Anil Khurana is the founding executive director of the Baratta Center for Global Business and research professor at Georgetown McDonough. He is a successful industry leader and business executive, with expertise in strategy, operations, investing, digitization, finance, innovation, AI, climate-tech and sustainability, and mobility. Until 2022, Khurana was a senior partner with PwC Strategy and was the managing partner of PwC’s $7.5B global industrials and automotive business unit.
Nick Lovegrove is a professor of the practice at Georgetown’s McDonough School of Business, where he teaches undergraduate, graduate, and executive education courses on business and public policy, strategic decision-making, analytical problem-solving, management and organizational behavior, and leadership. He also serves as the academic director of Georgetown’s Executive MBA program.
Ellen McClain is chief executive officer and president of Year Up United, a national workforce development organization committed to ensuring equitable access to economic opportunity, education, and justice for all young adults. With an annual operating budget of more than $170 million, Year Up United is one of the fastest growing nonprofits in the nation.
Stephen Milam is the executive vice president of DENSO in North America. Based at the company’s regional headquarters in Southfield, Michigan, he leads North America Corporate and Business Planning, Digital Transformation, Finance, and Purchasing.
Bob Pragada is the chief executive officer of Jacobs. Pragada joined Jacobs in 2006, and over time he has held several senior management positions such as senior vice president, global sales; group vice president, northern region (United States and the Republic of Ireland); and vice president, field services.
Geof Rochester is a strategic advisor to nonprofit and brand leadership in business, marketing, and communications. Recognized as a thought-leader across corporate sustainability and responsibility, he brings distinctive and dynamic experience with the world’s leading conservation NGOs, media companies, and consumer goods brands. Rochester founded GRC Advising in 2019 to drive social purpose, optimize networks, and scale brands for maximum potential, all in pursuit of a purpose-driven world.
Sherri Rossoff is a Managing Director and Chief Operating Officer at RockCreek, focusing on firm management, and legal matters. Prior to this, she was senior counsel at the World Bank in the legal finance group, where she concentrated in the areas of pension investments and asset management, focusing on alternative investments. She has acted as counsel to the World Bank’s Pension Finance Committee and provided technical assistance to various central banks globally on governance and investment management best practices.
Richard Voorberg is president of the North America Hub of Siemens Energy, based in Orlando, Florida. In this role, Voorberg has regional responsibility for the energy business in the Americas,which includes the company’s generation, industrial applications, renewables/wind, and transmission divisions.