Background
The school was founded in 1925 when Trustee Herbert Hoover formed a committee of Wallace Alexander, George Rolph, Paul Shoup, Thomas Gregory, and Milton Esberg to secure the needed funds for the school's founding becoming the second graduate school of business in the country. There are three Nobel Prize winners on the faculty, two recipients of the John Bates Clark Award, 15 members of the American Academy of Arts and Sciences, and three members of the National Academy of Sciences. Its faculty members maintain several joint appointments with affiliated research centers. The GSB maintains very close links with the venture capital, finance and technology firms of nearby Silicon Valley.
The school operates with an annual operating revenue of $156 million, and is the second wealthiest business school in the nation with an endowment of $825 million (as of August 31, 2010), roughly tied with Harvard Business School in per capita endowment. There are 26,309 living alumni, including 17,803 alumni of the MBA program. Stanford Graduate School of Business is renowned to have produced a remarkable number of successful business leaders and entrepreneurs, many among the world's wealthiest, from its relatively small alumni base.
In August 2006, the school announced what is believed to be the second largest gift ever to a business school - $105 million from Stanford alumnus Phil Knight, MBA '62, Founder and Chairman of Nike, Inc. The gift went toward construction of a $375 million campus, called the Knight Management Center, for the business school. Construction was completed in 2011. The business school comprises the Knight Management Center and the Schwab Residential Center (named after alumnus Charles R. Schwab, Founder, Chairman, and CEO of the Charles Schwab Corporation).
There are eight buildings at the Knight Management Center: the Gunn Building, Zambrano Hall, North Building, Bass Center, the Faculty Building (West and East), the Serra East Building, the MBA Class of 1968 Building, and the McClelland Building.
Read more about this topic: Stanford Graduate School Of Business
Famous quotes containing the word background:
“Silence is the universal refuge, the sequel to all dull discourses and all foolish acts, a balm to our every chagrin, as welcome after satiety as after disappointment; that background which the painter may not daub, be he master or bungler, and which, however awkward a figure we may have made in the foreground, remains ever our inviolable asylum, where no indignity can assail, no personality can disturb us.”
—Henry David Thoreau (1817–1862)
“They were more than hostile. In the first place, I was a south Georgian and I was looked upon as a fiscal conservative, and the Atlanta newspapers quite erroneously, because they didn’t know anything about me or my background here in Plains, decided that I was also a racial conservative.”
—Jimmy Carter (James Earl Carter, Jr.)
“I had many problems in my conduct of the office being contrasted with President Kennedy’s conduct in the office, with my manner of dealing with things and his manner, with my accent and his accent, with my background and his background. He was a great public hero, and anything I did that someone didn’t approve of, they would always feel that President Kennedy wouldn’t have done that.”
—Lyndon Baines Johnson (1908–1973)