THE GSB'S CENTENNIAL YEAR drew to a close in classic fashion on October 9 with the third
annual black-tie Alumni Celebration. More than 1,100 alumni and
guests filled a ballroom at Chicagos Sheraton, making it the
best-attended Alumni Celebration yet. Alumni from Panama, Japan,
Brazil, the Netherlands, France, Germany, and Norway joined colleagues
from around the United States for the event.
We are truly a global community in every sense, said Dean Robert
S. Hamada as he thanked alumni for coming together to mark the
official closing of a sensational century with a sensational event.
You make me proud, Hamada said. Throughout it all, you have
been the source and the impetus of the schools drive to excel.
Tonight we celebrate your achievements.
The successes of GSB alumni were represented by the three recipients
of the 1998 Distinguished Alumni Awards. Selection committee chairman
Dennis Keller, 68, took the stage to present the awards to Charles
Bowsher, 56, retired comptroller general of the U.S. General
Accounting Office, who received the Distinguished Public Service
Alumni Award; Joel M. Stern, 64, managing partner of Stern Stewart
& Co. and Distinguished Entrepreneurial Alumni Award recipient;
and Jean C. Monty, 70, president and chief operating officer
of BCE Inc., who was honored with both the Distinguished Corporate
Alumni Award and the Distinguished Alumni Award.
A highlight of the event was the opportunity to learn from and
associate with scholars at the top of their field. In this years
keynote address, Robert Fogel, Charles R. Walgreen Distinguished
Service Professor, posed the question Can we afford longevity?
Examining the evolution of work, leisure, health, and earnings
over the past century, the 1993 Nobel laureate concluded that
the crisis is not in a nations resources for providing extended
retirement, improved health care, and extended education, but
in the exceedingly clumsy system for financing these services.
In addition to theorizing that half the cost of retirement will
be privatized by 2030, Fogel predicted that todays growth industriesleisure
time activities (including lifelong learning) and health carewill
spark economic expansion just as agriculture and then manufacturing,
transportation, and utilities did in the past.
In response to alumni requests, this years celebration continued
after the address, with time to linger over drinks and socialize
with friends new and oldall 1,100-plus.
DAA recipient Bowsher elicited applause when he noted the growth
of the GSB since his days on campus in the 1950s. When wed gather,
there would be no more than 20 people, Bowsher said, so its
a real pleasure to see more than a thousand people here tonight.