Graduate Management News

June 2016

The Newsletter of the Graduate Management Admission Council

Global Program News

Get the latest news in the graduate management education industry.

  • Cornell business school receives gift to support new classroom and office building. David Breazzano, who received an MBA from Cornell in 1980, has donated $25 million, one of the largest donations ever made to Cornell’s business education. The gift will support a new, state-of-the-art, six-story classroom and office building. The 76,000-square-foot building is expected to open in the summer of 2017. It will serve Johnson MBA and executive education students in four large, interactive, tiered classrooms plus a flat-floor, flexible classroom that can be subdivided into two separate classrooms. It also provides $4 million for the Breazzano Family Faculty Excellence Fund and substantial current-use support via the Johnson Annual Fund. Breazzano is the co-founder and chief investment officer at DDJ Capital Management. He has served as an adviser to the business school.

  • Stanford appoints new business school dean. Economist Jonathan Levin, former chair of the Stanford Department of Economics and a renowned expert in the field of industrial organization, has been tapped as the new dean of Stanford Graduate School of Business. Levin is the Holbrook Working Professor in Price Theory at Stanford University. He was chair of the Department of Economics from 2011 to 2014. He is also a professor, by courtesy, at Stanford Graduate School of Business, a senior fellow at the Stanford Institute for Economic Policy Research, and director of the Industrial Organization Program at the National Bureau for
    Economic Research. Levin will succeed Garth Saloner, who is stepping down after seven years as dean. Levin’s appointment is effective September 1, 2016, when he becomes Philip H. Knight Professor and Dean.

  • Villanova University selects new business school dean. Joyce E.A. Russell, currently senior associate dean at the University of Maryland's Smith School of Business, has been selected to serve as the new dean of the Villanova School of Business effective August 1, 2016. She will replace Daniel Wright, the School of Business's interim dean, and Patrick G. Maggitti, who was promoted to Villanova's provost in April 2015. At Maryland, Russell leads both the undergraduate and graduate business programs, oversees corporate and global partnerships, and manages the school's $90 million budget. Russell earned her PhD and master's in industrial/organizational psychology from The University of Akron and her bachelor's from Loyola University of Maryland.