Word: shad
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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...
...enclosed letter, Shad wrote that he was frustrated with the lack of ethics he had seen in recent years and offered to put up several million dollars for a new ethics program...
...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...
...keys to the basement of Shad Hall and we went down to the basement--back, way back where all the pipes were. Then, when we had walked all the way to the end, he took out the keys, opened a door and showed me a big empty room. This was where the pool was supposed to be--but there was nothing there...