Board of Trustees actions: March 18 and 19, 2004

Penn State's Board of Trustees met on Thursday and Friday, March 18 and 19, 2004, at the Sherton New York Hotel and Towers in midtown Manhattan -- the first-ever meeting for Penn State's board to be held in New York City. The following items were presented to the board for action or informational purposes:

Penn State's Board of Trustees meets in New York City
Penn State's Board of Trustees' first-ever meeting in New York City is a reflection of the University's growing prominence on the national stage. The board will take part in opening session bell-ringing at the New York Stock Exchange on Friday morning; receive an overview of the University's research work and contributions to homeland security; and get a sense of the Penn State theater program's impact on Broadway. Experts in the hospitality industry, investment services, academic health care and from Wall Street also will offer presentations. In addition, New York City Mayor Michael Bloomberg will address the group Thursday evening and there will be a meeting with major University donors from the area.
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Trustees tour Broadway backstage, learn about University's role in fine arts education
Penn State's Board of Trustees kicked off its first-ever meeting in New York today (March 18) with a primer on the role of fine arts as an integral part of higher education and a tour of one of Broadway's most historic theatres. Although they didn't take in a showing of the award-winning musical "The Lion King," which has been playing in the New Amsterdam Theatre on 42nd Street in Times Square for more than six years, trustees received a first-hand look -- on-stage and behind-the-scenes -- of a Broadway musical. More than that, board members received insight on theatre education's role in developing a diverse, educated and civil society.
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President Spanier's remarks open Board of Trustees meeting in New York
Penn State's Board of Trustees opens two days of its regular, bi-monthly meeting today (March 18) at the Sheraton Hotel and Towers in New York City. In his opening remarks to the board, President Graham B. Spanier reviewed the University's recent hearings before the Pennsylvania House and Senate Appropriations Committees, recent rankings that place Penn State among the nation's best and most-recognized institutions, and research and diversity efforts on campus. He also highlighted student accomplishments, including another successful year for the Penn State Dance Marathon and winter sports achievements.
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Board hears of Penn State initiatives to aid defense, homeland security
In the same city that bore the brunt of the terrorist attacks of Sept. 11, 2001 and became the epicenter of efforts to ensure that such attacks on the U.S. never happen again, Penn State's Board of Trustees yesterday (March 18) learned about the ways that the University, through its unique capabilities, is directly addressing and assisting with national homeland security and defense initiatives - and poised to continue such work well into the future. They also heard a presentation by counterterrorism experts from the Manhattan Institute for Policy Research, who discussed the impact of homeland security legislation and opportunities for higher education. Penn State ranks second nationally in defense contract expenditures.
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New York Mayor Michael Bloomberg addresses trustees
New York Mayor Michael Bloomberg addressed the Penn State Board of Trustees and other guests at a reception Thursday evening at the New York Public Library. Bloomberg spoke very candidly about his job and today's state of New York City for 35 minutes.
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Penn State Board of Trustees ring opening bell at NYSE
Penn State's Board of Trustees received an overview of the workings of the New York Stock Exchange (NYSE) today (March 19) from its president, Robert Britz. The visit by Penn State's Board to Wall Street was arranged by the group's former chair and Penn State alumnus William Schreyer, chairman emeritus of Merrill Lynch. Britz told the group that many dignitaries are called upon to open the day at the NYSE, but said, "It is rare that we get representatives from two blue chip institutions like Merrill Lynch and Penn State to do this, so this is a special day for us."
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Wall Street Initiative helping students enter the door to a finance career
Reports from top New York finance executives reveal that Penn State graduates seeking careers on Wall Street are increasingly entering the workforce with more practical experience than many of their peers. In addition to being a step ahead, these students are getting their foot in the door of their chosen careers thanks to an initiative with major New York finance firms and brokerages designed to expand networking and internship opportunities for University students. Tim Murray, senior managing director of New York-based brokerage house Bear Stearns & Co., Inc., today (March 19) provided Penn State's Board of Trustees with an overview of the Smeal College of Business Administration's Wall Street Initiative.
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Trustees name Penn State Fayette campus to honor Eberly family
Penn State's Board of Trustees today (March 19) voted to re-name one of the University's campuses to honor a family's longtime unprecedented and tremendous support. Penn State Fayette, The Eberly Campus, recognizes the philanthropic and leadership contributions of the Eberly family of Uniontown. Penn State alumnus Robert Eberly and his father, Orville, were instrumental in founding the campus in 1965 and in organizing community support to sustain it. Since that time, members of the Eberly family and the Eberly Foundation have given more than $40 million to various Penn State programs, including about $22.3 million directed to the Fayette campus. It is only the second time in Penn State's history that the trustees have named a campus for benefactors.
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Penn State to purchase Phi Delta Theta property; site to be green space
Penn State has reached an agreement with the local chapter of Phi Delta Theta to acquire the fraternity's property at the corner of Burrowes and Pollock roads on the University Park campus, with the intent to rededicate the parcel as park-like green space. The fraternity, faced with significant costs to either renovate its facility or construct a new house, recently approached University officials regarding a possible sale. Although considered on the outskirts of campus 100 years ago, the construction of the Information Sciences and Technology Building, along with the closure of the adjacent section of Pollock Road has brought prominence to the Phi Delta Theta parcel. Due to the physical condition of the building on the property, the University plans to demolish it and rededicate the site as open green space as early as June 2004.
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Penn State announces ballot positions for 2004 election of trustees
Ballot positions for the 2004 election of trustees by alumni have been determined by a drawing, a procedure established by Penn State's Board of Trustees. Paula R. Ammerman, associate secretary of the board, conducted the drawing, and said ballots for the trustee election will be mailed to Penn State alumni by Saturday, April 10. All ballots must be returned to the Office of the Board of Trustees by the close of the election at 9 a.m. Thursday, May 13. The names appearing on the ballot, in order of listing, are: David L. Shupp, Barry K. Robinson, George T. Henning, Paul V. Suhey, Steve A. Garban and Joseph A. Cattano.
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Last Updated March 19, 2009