Word: shad
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Dates: during 1980-1989
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Across the river, the Business School has unveiled a new, $18 million gymnasium, John S.R. Shad Hall. As the front page of The Crimson (October 16) tersely stated, there is only one catch: "No undergraduates allowed...
...Shad Hall is named in honor of the generous John S.R. Shad, who donated $20 million to the B-School in 1987 "to fund a new ethics program," (The Crimson, October 17). Well, John, you can't teach an old dog new tricks. The B-School's ethics haven't changed. "Screw your neighbor" still dominates administrative policy...
...School's efforts to improve ethics instruction were facilitated two years ago by the well-publicized $30 million grant to the school, announced shortly after Wall Street's unprecedented insider trading scandal. Two-thirds of the funds were given by 1949 Harvard MBA John S.R. Shad, now Chair of the Board of Drexel, Burnham, Lambert, Inc., who chaired the Securities and Exchange Commission at the time of his gift...
...fact, it appears that only after the announcement of the Shad grant did the B-School begin to display concern about retaining its ethics specialists. Shortly before announcement of the gift, the school advised its only junior ethicist, Associate Professor of Business Administration Kenneth E. Goodpaster, not to pursue tenure. B-School sources then said Goodpaster was told that if he sought tenure, he would be denied...
...will allow the firm to close the book on a 2 1/2-year federal probe. But the price is high. The agreement puts Drexel on probation for three years and requires it to set up an oversight committee. The firm is also naming a new chairman, former SEC head John Shad, to succeed Drexel's Robert Linton. As expected, the deal forces Drexel to cut all ties to its former junk-bond king, Michael Milken, who is facing separate criminal charges of racketeering and securities fraud. Last week Milken agreed to set aside assets of at least $600 million, which could...