Stephen Vajs:  

CLASS OF 1969
Stephen Vajs's Classmates® Profile Photo
North High SchoolClass of 1969
West mifflin, PA
East lansing, MI
West mifflin, PA
West mifflin, PA
West mifflin, PA

Stephen's Story

Life After 36 years I still am with one wife, Kris, and two daughters. Although the girls (Liz-26 and Katie-23 are better in math, chemistry, and biology than I ever hoped to be, I am pleased to say they are deep in the liberal arts. Liz finished her BA at the University of Virginia majoring in religious studies and took a theology degree at divinity school. Katie studied art history at Stanford University after transferring from Duke where she completed her freshman year. In my lengthy academic period, I earned an MA (Economics) and an MS (Statistics) from the Univ. of Minnesota. Prior to that I received a BA (Economics) from Michigan State. Among my jobs I taught economics at Minnesota, worked at the Census Bureau in statistical methods, Coast Guard R&D in operations research, and Postal Service in economics. Prior to my current job, I was the Director, Risk Mgmt, Financial Management Service, U.S. Treasury. Among the other duties of the job, I was called upon to assist east European govts, especially Romania, in treasury mgmt. My particular work was in cash forecasting. I also taught cash mgmt in Moscow and Beijing. I worked on portfolio management for the Treasury's cash balances ... such as they are as the Asst Director for Forecasting in the Treasury's Office of the Fiscal Assistant Secretary. I was responsible for forecasting the daily cash position of the government with sufficient clarity that we borrow adequately and NEVER finish any day with a negative cash balance. From there, it was a natural move to Deputy Director of the Debt Office where I manage the government's borrowing...all $11 trillion (I am serious.) My hobbies as an adult are still photography, violin, languages, and I used to fence. I read on the subway to and from work...which means I read 20-30 books a year..when I don't fall asleep on the train. Childhood hobbies, like coin collecting, became impossible after I gave up my paper route at the beginning of high school. Besides, with the demise of silver coins, collecting is not much fun. Who wants a collection of fancy slugs? Truth in Advertising: I have NOT succeeded where Ponce de Leon failed. The photo is at least a dozen years old. It's the last good official portrait I have. School It must be age! Maybe it is the safety of distance. Over thirty years have past since I left WM schools and I look at them much more gently than I did in the old days. I am just as politically driven as I ever was, but the demons of that age seem so much more benign compared to the monsters of today. I also think that in those rigidly conformist times, it took a lot less to be a rebel than today. When I think back to WM I confront conflicting images: When only 6 kids signed up for AP US history with Mr. Dodaro, the school held the class anyway. (It was like being in a seminar at college. You always had to have your work ready since it was likely you would be called on in a class of 6. But that forced me to really read and think ... and I learned a lot.) I can't imagine any school district today, even the very prosperous Fairfax Co. where I live, carrying through with a class of six. It wouldn't be justifiable in terms of cost. That WM didn't take that choice shows how much education could be valued. Then there is the school administration. Not Mr. Benyak, who seemd decent, but Messrs Mervis and Patterson who could not have been more inept choices as principal and asst. My view of Patterson is best summed up in an incident from physics class. We were studying waves using ripple tanks. If you get the frequency just right, the new waves will meet the reflected waves off the far wall exactly and create permanent ripples that seem to stand still in the water against all normal experience. Patterson came up to me and asked what we were doing. I explained - ok, I us...Expand for more
ed technical terms like wave propagation and reflection and frequency because I thought him a fool - and he rabbit punched me in the kidney. He then repeated "what are you really doing?" I said we're making ripples. He was satisfied. I told the physics teacher, David Gluch. He wasn't surprised, but I suspect he didn't get along with the admin group any better. Where did they all go? College My college years seemed to be a series of starts in one direction only to change course to something unexpected. I started thinking I wanted to be a State Dept desk officer in Latin American affairs. I planned a four year program of languages, politics, economics, and area studies - and NO math. By the end of my first year, I was interested in statistics and economics. Feeling brilliant, I started taking senior level courses in these. I also discovered Plato and Aquinas. Planned to change my major to philosophy. Started taking grad courses in statistics and game theory in my third year. Took accounting - the instructor said I would make a good financial analyst. I ignored that - I wasn't going in for business. It was an age of barricades, not balance sheets. Suddenly, I needed to take math and it was really fun. I felt white hot...got elected to Phi Beta Kappa. At the last minute, I changed my major to economics since I figured a job would be nice. Decided that grad school was the best thing. Chose Minnesota because it was so theoretical. I entered the doctoral program. Had to take lots more math and stat at graduate levels. Suddenly tho', the pursuit became less fun. As an undergrad, I had studied languages and archeology and liberal arts. This was too much in too narrow a crevice. My classmates, decent people, were far more serious about this than me. I started studying Greek and doing photography. I was clearly trying to escape my field. I decided I had spent enough time at this. I finished my course work and decided to write a master's thesis and quit. After I set myself on this course, I wandered by the school of statistics and started talking with the graduate advisor. He noted that because of my intense work in the previous years, I was about one course and a thesis short of a master's in stat. I decided to add that to my plan. A year later I was finished both degrees. The boy who did all he could to avoid quantitative studies ended up deep in them. The kid who hated finance became, eventually, a financial analyst. It seems like I took the long way around to get here. And I don't regret any of it. Workplace A lot of my career has been one of staving off disasters with horrible consequences for those who ignore me. If I am not there, places seem to fall apart. Egomaniacal? Listen: - When I was completing school, I interviewed with Continental Illinois Bank - really wanted to work there - they turned me down. They went bankrupt. - I also interviewed with Kodak, even with a guy I knew from my dorm at MSU. They turned me down and have also gone badly. - After I left the Census Bureau, they became a political football regarding adjusting their undercount. - At the Coast Guard I was responsible for a vessel traffic control program (like air traffic control) in a bunch of harbors, including Prince William Sound in Alaska. The Reagan Admin decided to privatize this service (well, actually, just neglect it) and I lost my job. A few years later, the Exxon Valdez went out of the sea lanes in that same harbor and caused a billion dollars of damage. NTSB said the main cause was inadequate Vessel Traffic Control. - After I left the Postal Service in 1984, mail volume started dropping and they had to raise their rates. So, if you should worry after reading my bio, don't dump your savings bonds or Treasury securities. I plan to stay at the Treasury for a few more years!
Register for Free to view all details!
Reunions
Stephen was invited to the
275 invitees

Photos

Stephen Vajs' Classmates profile album
Stephen Vajs' Classmates profile album
Stephen Vajs' album, Timeline photos
Stephen Vajs' album, Timeline photos
Stephen Vajs' album, Timeline photos
Stephen Vajs' album, Timeline photos
Stephen Vajs' album, Timeline photos
Today and tomorrow, we celebrate the successful defense of Fort McHenry on Sept. 13 and 14 in 1814.  This was part of a mult-pronged attack by the British on principal cities.  Just the month before, Washington was burned i
Stephen Vajs' album, Timeline photos
Stephen Vajs' album, Timeline photos
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Stephen Vajs' album, Ljubljana, Slovenia - May 09
Register for Free to view all photos!

Stephen Vajs is on Classmates.

Register for free to join them.
Oops! Please select your school.
Oops! Please select your graduation year.
First name, please!
Last name, please!
Create your password

Please enter 6-20 characters

Your password should be between 6 and 20 characters long. Only English letters, numbers, and these characters !@#$%^&* may be used in your password. Please remove any symbols or special characters.
Passwords do not match!

*Required

By clicking Submit, you agree to the Classmates TERMS OF SERVICE and PRIVACY POLICY.

Oops an error occurred.