Krannert School of Management
In 1960, Purdue University began to develop the first relationships with Krannert. He was referred to Emanuel Weiler for advice regarding his Indianapolis-based firm, Inland Container Corp., and later Krannert approved a management development program for his executives to be taught by Purdue faculty.
In 1962, Herman and Ellnora Krannert donated $2.73 million to Purdue University to establish The Krannert Graduate School of Industrial Administration, the university's first endowed school. The money went to provide for a new building and trust fund.
Herman Krannert received an honorary Doctorate of Industrial Administration from President Hovde, president of Purdue, in 1962.
Read more about this topic: Herman C. Krannert, Philanthropy
Famous quotes containing the words school and/or management:
“A drunkard would not give money to sober people. He said they would only eat it, and buy clothes and send their children to school with it.”
—Samuel Butler (1835–1902)
“The care of a house, the conduct of a home, the management of children, the instruction and government of servants, are as deserving of scientific treatment and scientific professors and lectureships as are the care of farms, the management of manure and crops, and the raising and care of stock.”
—Catherine E. Beecher (1800–1878)