Word: mcarthurs
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Dates: during 1990-1999
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...landmark gift from John Shad, the former chair of the Securities and Exchange Commission, to start an ethics program at the Business School came about in a very different way. As John H. McArthur, dean of the Business School, relates the story, Shad had been involved with the school for some time and asked if he could meet with McArthur...
They arranged to meet in a New York hotel and McArthur arrived first. Shad, looking quite disheveled, shuffled in, dropped an envelope on McArthur's table, still carrying his suitcase under one arm and briefcase under the other and then shuffled out to put his coat and bag away...
When Shad walked back to the table. McArthur told him if he raised the offer one million, McArthur would add another million from his own fund. After that meeting, they entered into further discussions and the eventual gift, though never disclosed, was reported in the press to be in the neighborhood of $20 million.Crimson File Photo...
...Business Week article the preceding summer had raised questions about the Business School's preeminence and whether the school had become out of date. The McArthur announcement served as a shocking acknowledgement of much of the criticism...
Although no evidence of a feud surfaced publicly, Rudenstine and other officials were less than pleased by the timing of McArthur's announcement, whether the timing was intentional...