History
Acton grew out of the curriculum developed by the Acton Foundation for Entrepreneurial Excellence (AFEE). Founded by Jeff Sandefer, an entrepreneur and teacher at the University of Texas, AFEE was created to publish entrepreneurship cases and notes and spread entrepreneurship curriculum to schools across the United States. While at UT, Sandefer was ranked one of the top ten entrepreneurship professors in the country by BusinessWeek. In 2002, Sandefer and fellow teachers, Phil Siegel, Vaughn Brock and Jack Long left the University of Texas over a dispute about the future of the program. After their final class attracted 130 students, they decided to use the curriculum to launch a free-standing business school and founded the Acton School of Business. Acton graduated its first class in 2004. The school derives its name from Lord Acton, a 19th century scholar and originator of the famous quote "Power tends to corrupt, and absolute power corrupts absolutely."
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