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Maintaining
the Edge
The College
of Business at the University of Missouri-Columbia has established
the model for attracting and retaining top faculty members during
this era of budgetary crises experienced by universities nationwide.
The College recently offered 11 of its faculty members “named”
positions. The external funding in support of these positions
allows the College to counter the impact of limited University
or state funding.
“Named positions are highly valued
in universities,” said Bruce Walker, dean of the business
school. “It is rare, perhaps unprecedented, that this
many named positions are awarded simultaneously within a single
college or school. This is further evidence, I believe, that
MU’s College of Business continues to grow stronger despite
financial challenges that the state and our University are facing.”
A named faculty position may be an endowed
chair or a professorship. Besides well-earned recognition, a
named position provides the recipient with added resources,
including a salary stipend and funds for professional development.
Each faculty member receiving a named position retains his/her
current faculty appointment and, in some cases, administrative
responsibilities.
Ten of the 11 positions are endowed, which
assures perpetual funding, with annual earnings from the endowment
principal used in support of the faculty members. One position
is funded through the annual proceeds of two geothermal energy
limited partnerships that were donated to the University by
alumnus Steve Furbacher.
Eight of the positions are new endowments.
Two are underwritten by David O’Neal, a 1959 graduate
of the University, and his wife Judy. Another endowment was
created through donations and pledges made by many MU alumni
in honor of the late Dr. Pinkney Walker, renowned teacher and
administrator in the College for several decades. Five endowed
positions are funded through an estate gift made by Sherlock
Hibbs, who graduated from the college in 1926. Hibbs had a very
successful career in investment banking with Kidder, Peabody
& Co. before retiring in 1974; he died in July 2002. His
estate gift provided $5 million in support of three chairs and
three professorships emphasizing the philosophy and tenets of
the Austrian School of Economics. One position funded by Hibbs,
a chair in entrepreneurship, has been held back for use in future
faculty recruiting.
“We are very grateful to those individuals
whose generosity has made these named positions possible,”
Walker said. “The personal involvement and financial support
of the College’s alumni, friends, and business partners
are, and will continue to be, vital in building and sustaining
excellence in the MU business school.”
The faculty honored with named positions
and the titles of the positions are as follows:
- Tom Dougherty, professor
of management: Emma S. Hibbs/Harry Gunnison Brown Chair of
Business and Economics.
- Steve Ferris, professor
of finance and director of the Financial Research Institute:
James Harvey Rogers Chair of Money, Credit and Banking.
- S. (Ratti) Ratneshwar,
new professor of marketing and Department of Marketing chair:
Bailey K. Howard World Book Chair of Marketing.
- Al Bluedorn, professor
of management and Department of Management chair: Emma S.
Hibbs Distinguished Professorship.
- Ken Evans, professor
of marketing and associate dean: Pinkney C. Walker Professorship
in Teaching Excellence.
- Mark Houston, associate
professor of marketing: David and Judy O’Neal MBA Professorship.
- Art Jago, professor
of management: Frances Ridge Gay MBA Professorship.
- Murali Mantrala, new
professor of marketing: Sam M. Walton Distinguished Professorship
in Marketing.
- Marsha Richins, professor
of marketing: Myron Watkins Distinguished Professorship.
- Lisa Scheer, associate
professor of marketing: Emma S. Hibbs Distinguished Professorship.
- Dan Turban, professor
of management: Stephen Furbacher Professorship in Organizational
Change.
For profiles of each named faculty member,
please consult the College
of Business web site.
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Copyright © 2007 — Curators of the University of Missouri
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An equal opportunity/ADA institution.
Published by the Mizzou Alumni Association
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Last Update:
November 15, 2007
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