FOR IMMEDIATE RELEASE
CONTACT:
George M. Tomczyk, (716) 275-8189
Nadia Bolalek, (716) 273-4806
JAMES S. GLEASON TO SPEAK AT SIMON SCHOOL COMMENCEMENT
Will Receive David T. Kearns Medal of Distinction
Rochester, N.Y.--May 18, 1998--The William E. Simon Graduate School of Business Administration will hold its commencement ceremonies on Sunday, June 14, 1998, at 10:00 a.m. in the Eastman Theatre in Rochester, New York. University of Rochester President Thomas H. Jackson will preside. Charles I. Plosser, dean of the Simon School, will deliver the Salutation to the Class of 1998.
James S. Gleason '68, chairman and president of Gleason Corporation, will deliver the commencement address and receive the David T. Kearns Medal of Distinction, which recognizes "significant achievements in business, public service and education." Paul A. Brands '66, chairman and CEO of American Management Systems, Inc., will receive the Distinguished Alumnus Award.
Mr. Gleason, who became CEO of Gleason Corp. in 1981, is widely credited with formulating a turnaround strategy for his company, a world leader in the development and manufacture of technologically advanced gear production machinery. Today, he oversees a revitalized organization that enjoys an apex of global distinction, and controls the major share of two worldwide markets approaching $1 billion in value. Last year, the 132-year-old Gleason Corp. ranked No. 41 on Fortune magazine's list of the "100 Fastest Growing Companies in America."
A graduate of Princeton University, Mr. Gleason is also a member of the Simon School's first Executive Development Program graduating class. He currently serves as a University of Rochester Trustee and as a member of the Simon School's Executive Advisory Committee.
Class of 1998 The Simon School Class of '98 includes 296 graduates of the full-time and part-time M.B.A. programs, 63 graduates of the Executive Development Program, 9 graduates who will receive the M.S. degree and 7 graduates who will be awarded the Ph.D. in business administration.
Class of 1998: Full-Time M.B.A. Program The leading areas of concentration of this year's full-time class are: finance, 74 percent; corporate accounting, 25 percent; marketing, 19 percent; competitive and organizational strategy, 11 percent, and entreprenuership, 9 percent. (Graduates may have concentrations in as many as three disciplines, so the total of the foregoing numbers exceeds 100 percent.) Other concentrations include business environment and public policy, computers and information systems, health care management, international management, operations management, public accounting, and accounting and information systems.
As of May 1, the number of job offers to Simon Class of 1998 full-time M.B.A. graduates increased by a remarkable 50 percent over offers made (by the same date last year) to 1997 graduates. Total compensation including bonuses has increased over an impressive 18 percent to $88,537. Offers by functional area in 1998 are: consulting, 36 percent; finance, 22 percent; investment banking, 20 percent; marketing, 11 percent; general management/operations, 8 percent, and information systems, 3 percent. Firms that have made three or more offers this year include: Arthur Andersen & Co., LLP; American Management Systems, Inc.; Booz Allen & Hamilton, Inc.; The Chase Manhattan Bank; Cigna Health Care; Citicorp/Citibank; Clorox; Coopers & Lybrand LLP; Ernst & Young LLP; First Empire State Corporation; G.E. Capital Corporation; Johnson & Johnson; Procter & Gamble Company; Putnam Hayes & Bartlett; Reckitt & Colman; State Street Bank & Trust Company; Stern Stewart & Co., and Xerox Corpo! ration.
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The Simon School, recognized for its leading scholarship in management, employs a distinctive approach to business education because of its flexibility, innovation, youth, size, global outlook and vision.
NOTE TO EDITORS: Seating available for representatives of the media. If you have special requirements, please call George M. Tomczyk or Nadia Bolalek.
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More information about the Simon School is available on the World Wide Web at http://www.ssb.rochester.edu
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