March 31, 2014

Event Connects Endowed Professors, Alumni

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More than 60 distinguished Columbia Business School alumni, faculty, and staff members gathered at New York’s Le Parker Meridien hotel in Midtown for the School’s biennial Professorship Celebration on March 24. The event connects alumni who have supported endowed professorships and the professors who hold those chairs.

This year, Dean Glenn Hubbard highlighted the importance of endowed professorships in attracting and retaining world-class faculty members and thanked the donors who made extraordinary gifts during the just-ended capital campaign to ensure the strength of the School’s faculty. Those donors included Art Samberg ’67, who created a challenge match with a $25 million gift that resulted in 18 new professorships, and Henry Kravis ’69, who created three full professorships at the School during the campaign. Kravis had also endowed a fourth professorship at the School prior to the campaign.  

“The research and teaching conducted by the professors at the School is vital, not only to the School, but to business itself,” Hubbard said, citing examples such as the Congressional Budget Office, where Stephen Zeldes, the Benjamin M. Rosen Professor of Finance and Economics, provides critical advice on headline-making reports; New York City police departments and hospitals, which have benefitted from the research of Linda Green, the Armand G. Erpf Professor of the Modern Corporation; and investors who have followed the advice of Bruce Greenwald, the Robert Heilbrunn Professor of Finance and Asset Management.

Mark Broadie, vice dean for curriculum and instruction, also spoke about the vital role that chairs play in the context of academia, where professors spend years pursuing research projects. “Every grant won, every award earned, and every paper or book published represents years of thoughtful effort and investigation that is aided by support we receive from the Columbia community,” Broadie said.

In addition to Kravis, Board of Overseers members Brad Evans ’70, Daniele Bodini ’72, and Sabin Streeter ’67 attended the event.