Honors program of Lubin School receives $25,000 grant from Goldman Sachs Foundation

A $25,000 grant from the Goldman Sachs Foundation was awarded in order to support skills training workshops on topics like leadership development, communication, and team building.

Contact Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, wcaldwell@pace.edu

NOTE: On request, reporters are welcome to attend most of this year’s special seminars with outside guests.

FOR IMMEDIATE RELEASE

INNOVATIVE BUSINESS HONORS PROGRAM AT PACE UNIVERSITY
WINS GOLDMAN SACHS FOUNDATION GRANT

New workshops will add to mix of luminaries and string quartets

NEW YORK, NY, November 1, 2007 – The chamber musicians of the Shanghai Quartet spoke and performed last year for undergraduates in the honors program at Pace University’s Lubin School of Business.

Their appearance typified the program’s unusually-broad range of high-powered presenters that also included more familiar business luminaries like Rosabeth Moss Kanter of the Harvard Business School and Joel Birnbaum, the special technical advisor to the chairman and CEO of Hewlett-Packard.

The program’s enhancements will expand still further this year, thanks to a $25,000 grant from the Goldman Sachs Foundation to support skills training workshops on topics like leadership development, communication, and team building.

The practical touch. “These funds let us enrich the down-to-earth, practical emphasis that’s a Pace hallmark,” said Eric Kessler, Ph.D., the professor of management who has directed the program since its establishment in 2002.

Added Joseph Baczko, the former president of Blockbuster Entertainment and Toys “R” Us International who is dean of the Lubin school, “The Goldman Sachs grant will enable us to expose our students to some of the leading-edge concepts in leadership development and provide them with the opportunity to experience their applications first-hand.”

This year alone, the firm hired 18 Pace students for internships and full-time positions. Approximately 240 Pace University alumni are employees. Pace’s downtown Manhattan campus is just blocks from Goldman Sachs headquarters.

Hot-button seminars. The Pace business honors program takes special advantage of the University’s prime locations amid the executive suites of New York City and Westchester County.

Recent US field visits and seminars have taken place at PricewaterhouseCoopers’ corporate headquarters, a Kraft Foods pilot plant, the IBM Thomas J. Watson Research Center, City Hall, the New York Stock Exchange, and the Federal Reserve Bank of New York.

International field studies explore hot-button topics and locations – high technology in Japan two years ago and economic and financial development in India last year. Next stop: Brazil this spring to study sustainable enterprises.

Fraud, Kathmandu. Honors participants must prepare a senior thesis. Last year one student co-authored a paper on nanotechnology that appeared in a refereed scholarly journal; others found ways to motivate inner city students, documented the effects of beverage packaging on consumer attitudes and looked at the role of stock options in producing fraud.

Yet another of last year’s participants is researching the alleviation of poverty in Nepal through the use of microcredit, supported by a prestigious Fulbright Scholarship. Raj Shrestha is studying the socio-economic impact of the Nepalese private banking system’s partnerships with rural cooperatives and cottage industries to provide microcredit to poor communities in the Kathmandu Valley of Nepal. While there, he is also taking graduate courses at Kathmandu University and interning at Everest Bank.

The business honors program typically enrolls about 150 students on the University’s campuses in downtown New York City and Pleasantville, in Westchester County, New York. Focused mainly on the junior and senior years and known as the Lubin Leaders and Scholars Program, it also includes advanced sections of core courses and generates strong group camaraderie.

Professor Kessler, an expert on the management of innovation and former President of the Eastern Academy of Management, is attuned to hot topics himself. His most recent work has involved co-editing the new “Handbook of Organizational and Managerial Wisdom” (Sage), the first comprehensive effort to apply to business some of the rapidly-developing social scientific research on the elusive topic of wisdom.

The Goldman-Sachs Foundation’s funding adds to Pace’s just-announced, $100 million capital campaign – the most ambitious in the University’s 100 year history – which already has raised more than $70 million and is set to run through 2010.

Double accreditation. Pace’s Lubin School of Business holds an elite distinction shared by fewer than three percent of business schools worldwide – accreditation for both business and accounting by AACSB International. Approximately 4,000 students are enrolled in the school’s undergraduate and graduate programs in Downtown and Midtown New York City and Pleasantville and White Plains in Westchester County, New York. www.pace.edu/lubin.

The private metropolitan university of which Lubin is part, Pace University enrolls more than 13,500 students in bachelor’s, master’s, and doctoral programs in the Dyson College of Arts and Sciences, Lienhard School of Nursing, Lubin School of Business, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu.

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