Dear KULPER & COMPANY Contact Network Members

January 7, 2020

Our search for the new Executive Director of the Robert K. Greenleaf Center@ Seton Hall University is nearing the final phase of the search as semi-finalist candidates come to campus for interviews with the board in January.    It is not too late for a highly qualified candidate to step forward so please do so, if you are interested in being considered.

We are looking forward to completing this search by early February.

We expect 2020 to be an active year for our firm and urge you to be in touch if you and your colleagues are contemplating launching a senior leadership search.








KDK Musings

At the beginning of 2019, I made my annual prediction for the DOW and NASDAQ for year-end 2019. This is what I said in the January 7, 2019 EDITION of NEWS FROM…KULPER & COMPANY:

I think stock averages will be up for 2019 from their peak points in 2018.  So, we ought to get back all of what we “lost” at the end of 2018 and end up with about a 5% gain from the highs of 2018…+ no recession.

KDK Prediction   CLOSE12/31/19                                         Actual CLOSE 12/31/19

DOW                      28,350                                                                28,538

S&P                         3,050                                                                  3,230

NASDAQ                 8,050                                                                  8,972

My predictions were very close to “spot on”.  At the end of 2019, the key drivers of the market were all pointing to a strong uptick. 

FED Monetary Policy is always the key determining factor for the stock market closely followed by unemployment, GDP, corporate earnings and consumer confidence.  By the end of 2019, all the pieces were in place for FED tightening but the market reaction was so negative it caused the Chairman to reverse course and start loosening rates in 2019.   This, along with continued robust corporate earnings, low unemployment and non-stop consumer spending, helped to push the stock market averages to all-time highs in 2019. 

2020 is going to be a very memorable year for all of us, so welcome to the new decade!  I say this in light of the upcoming presidential impeachment proceedings and subsequent election, world events such as the long delayed BREXIT, tensions in the cauldron of the Middle East,  trade wars with China, trade agreements with Mexico and Canada and the increasingly serious threat of climate change and rising sea levels.   There is a huge opportunity to reshape the way we live and work while acting to radically reduce climate change through timely definitive initiatives such as: Carbon Emission Pricing taxes, acceleration of large scale renewable energy generation and infrastructure projects including high speed inter-city trains, tunnels, airports and the like.   The world is finally beginning to seriously end its reliance on fossil fuels.  The question, though, is will we have acted in time to reduce the costly threat from sea level rise which is accelerating with each passing day as glaciers all over the world—but particularly in the polar regions—continue to inexorably melt at unprecedented rates?   

With all of this now said:

KDK prediction for closing stock averages on December 31, 2020.

DOW                                                          32,500

S&P                                                             3,714

NASDAQ                                                   10,600

 This is based primarily on the maintenance of current FED policy—no rate increases for 2020, strong corporate earnings growth, low unemployment and strong consumer confidence.   China needs to operate its economy in ways that western countries can rely upon; they will do it because they must do so to assure long term growth and political stability.  

Regardless of who wins the presidency in 2020, America will eventually lead the way to end sea level rise and greatly reduce carbon emissions globally.  The impact of our definitive “move away” from reliance on fossil fuels on the world economy will power us into the next century while assuring much more stable quality of life for all people; failure to do so isn’t an option.

On a personal basis, life is good for everyone in the family.  While I had a bout with the flu at the end of the year, which dampened our Christmas celebrations, I am now feeling just about 100 %.   I had my flu shot early last fall but still managed to contract a nasty one which might have been worse had I not gotten the flu shot.   Be sure to get your flu shot and wash your hands often.   We are really enjoying watching our grandchildren grow up.  Iris (5), is learning Mandarin in her Chinese immersion Kindergarten class in Cambridge, MA; pretty amazing for a public school to do this, for sure.   She is learning to sing Chinese songs, count, say hello, thank you and other basics.  Flora(2) is not far behind her big sister in anything!  They are fun to play with, too.    Our son, Dr. Sloan Kulper, is working hard on developing his medical device company, Lifespans; 2020 should be a big year for him and his colleagues.   Our daughter, Kendall, is enjoying her many activities in Cambridge that center on raising the children and writing.  We all look forward to the publication of her next book.   Our son in law, Dr. David Toniatti, was promoted to Vice President at the Analysis Group in Boston; he is an economist who supports various legal proceedings in the area of anti-trust litigation.  

Denise and I are looking forward to an active year ahead as she swims and I play golf and tennis and together we enjoy music, art and gardening.   Life is very good!  

Wishing you all the best in the year ahead. 

Please be in touch if you and your colleagues think we could be of help with a key senior level search; KULPER & COMPANY would be honored to work with you.




Keith D. Kulper, President



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Keith D. Kulper

Founder & President

Keith D. Kulper is the president and founder of KULPER & COMPANY, LLC an executive search consulting firm working in the area of senior level leadership for academia and corporate innovation. We are strong advocates of nurturing the linkage between academic investigation/research and corporate innovation/full commercialization of new product solutions. We specialize in attracting proven leaders who can effectively drive transformational change. The firm operates an Advisory Board that meets annually to bring together leaders from academia and corporate innovation to help drive continuous improvement of our professional practice. We are also an investor in early stage companies. We take pride in supporting the growth and development of business and engineering schools at leading universities throughout the United States.