School of Business receives $3.25 million in private contributions (Released: 7/24/00)
By Karen Grava, Office of University Communications
STORRS, Conn. -- Private contributions totaling $3.25 million will support e-business programs in the UConn School of Business at Storrs, Stamford and Hartford.
The gifts include:
- A total gift of $150,000 to fund the Shenkman Family Chair in E-business to be based at the Storrs campus, and to coordinate business-related teaching, research and outreach activities across UConn's campuses;
- A total gift of $1.5 million including $1 million from the Treibick Family Foundation, coupled with $500,000 from the state's matching gift program, to create the Treibick Family Chair for the Connecticut Information Technology Institute (CITI) based in Stamford;
- A total gift of $1.6 million including $1.25 million plus $375,000 from the state program for matching endowment gifts, from the SGM Scholarship Foundation of New York City to support construction of a new Gladstein Management Information Systems Research Laboratory in the new Business Learning Center in Storrs, establish an endowment fund to support the lab; and establish the Gladstein Professor in Information Management and Innovation at the Storrs campus.
"As a public university, UConn's mission strongly incorporates a key role in Connecticut's economy," said President Philip E. Austin. "Information technology and e-business are clearly central to our state's progress in the 21st century, and the University is committed to making a major contribution in these areas in Stamford, Hartford, Storrs, and across the state. These magnificent gifts will help us greatly. They represent a strong vote of confidence by some very far sighted people in our capacity to be an important force for excellent education and cutting edge research."
Shenkman, a resident of Greenwich and a 1965 graduate, is president of Shenkman Capital Management Inc., a New York City-based money management firm. The chair will be filled by Jim Marsden, professor and head of the Department of Operations and Information Management and interim executive director of CITI, based at the Stamford Campus.
Marsden, who has a Ph.D. from Purdue University and a law degree from the University of Kentucky, is an expert on legal issues of the Internet, the economics of electronic commerce and insider information in electronic markets.
The research efforts of UConn's Management Information Systems (MIS) group, led by Marsden, have led to major contributions in data and computer security, alternative and innovative financial markets, business-to-business and business-to-consumer auction markets and mechanisms, market inter-mediation, and other focus areas.
Based in Storrs, the Shenkman chair will interact with teaching and outreach activities at the regional campuses and will leverage the expanding CITI program in Stamford. Both the Shenkman and Treibick chairs are expected to work together to spawn initiatives in electronic commerce.
The Treibick gift is one of several the Treibick Family Foundation has made to the University and follows a gift made last year to create the Treibick Electronic Commerce Initiative (TECI) in the School of Business.
Funding from the Treibick Family Foundation was arranged by Richard Treibick of Greenwich, who serves on UConn's Board of Trustees and on the UConn Foundation Board. He is an executive with Cable Holdings Inc. of New York City.
The Treibick Family Chair for CITI will provide financial support for an endowed chair within the Department of Operations and Information Management to offer leadership for research that explores the possibilities of cyber commerce. The holder of the chair, who will be a renowned leader in information technology, will develop significant research programs tied to various aspects of e-commerce that will both enhance students' learning experiences and provide market-relevant contributions to the industry.
The Gladstein Professor in Information Management and Innovation, which will also support the work of the e-commerce program, will be active in both teaching and research. The position will be filled by Associate Professor Paulo Goes, who holds a Ph.D. from the University of Rochester. Goes' major research interests are electronic commerce, on-line auctions, technology infrastructure, networking, and database technology, security and recovery. While the position will be based in Storrs, Goes will teach in the CITI program in Stamford and also provide outreach in e-commerce to students at the Hartford campus.
The Gladstein gift also will construct a management information systems (MIS) research laboratory in the Business Learning Center in the new School of Business, building which will open in Storrs in 2001. This gift provides funds to endow the lab so equipment can be replaced on a regular cycle. It also provides other research support for MIS scholars.
SGM Scholarship Foundation, headed by Gary Gladstein, a 1966 UConn alumnus, managing director of Soros Fund Management, has a history of giving to UConn. The SGM Foundation previously established the Marsha Lilien Gladstein Visiting Professorship in Human Rights and International Justice in memory of Gladstein's late wife. This year, the SGM Scholarship Foundation also contributed an additional $250,000 to the visiting professorship program.
UConn has been rated by Yahoo! as one of the most wired universities in the nation. The University of Connecticut's School of Business Administration is recognized as a top public business school in the Northeast. It is ranked 65th out of more than 1,200+ business schools by the Princeton Review, and is ranked 15th in the nation among regional business schools by Forbes magazine, in terms of the return-on-investment students can expect to earn from an M.B.A. Also, Computerworld r anked UConn among the nation's top 25 techno-M.B.A. programs.
"The Shenkman, Treibick and Gladstein gifts are interrelated and will help us continue the momentum in establishing e-commerce as an important area of both research and teaching," Thomas Gutteridge, dean of the School of Business, said. "The information revolution is to the 21st century what the industrial revolution was to the 20th century. These gifts will ensure UConn's ongoing contribution to that future."