Faculty Awards

In the spring of 2005, Chicago GSB honored four faculty members for their individual contributions to the school with awards endowed by alumni and friends.

John  Huizinga, Walter David “Bud” Fackler Distinguished Service Professor of Economics, received the Arthur L. Kelly Faculty Prize for Exceptional Service. Huizinga oversaw construction of the Hyde Park Center, ensuring that the building met the school’s needs and was completed on time and on budget. Established in 1999 and awarded once every two years, the Kelly award was made possible by Arthur L. Kelly, ’64 (XP-20), managing partner of KEL Enterprises and a trustee of the university.

Ann McGill, MBA ’85, PhD ’86, Sears Roebuck Professor of General Management, Marketing, and Behavioral Science, received the McKinsey Award for Excellence in Teaching. “Ann sets high standards for herself and her students in the classroom, and the rigorous classroom experience is greatly appreciated by students,” said dean Edward A. Snyder. The award was established in 1979 by McKinsey & Company and is given every other year to a faculty member who has been teaching for at least two years.

Monika  Piazzesi, associate professor of finance, received the Chookaszian Endowed Risk Management Prize for her paper “Bond Yields and the Federal Reserve.” In the paper, Piazzesi improves on macroeconomists’ previous understanding of the Fed’s behavior with a model that predicts the target interest rate better than the standard Taylor rules and shows that the Fed reacts to interest rates as well as to macroeconomic news. Given every other year, the award was created in 2003 by Dennis Chookaszian, ’68, retired chairman and CEO of CNA Insurance Companies and a member of the Council on the Graduate School of Business.

Haresh Sapra, associate professor of accounting, received the Ernest R. Wish Accounting Research Award for his paper “ Do Mandatory Hedge Disclosures Discourage or Encourage Excessive Speculation?” In the paper, Sapra shows that requiring disclosure of derivative activities provides an incentive for firms to speculate excessively, while without required disclosure, a firm may choose a prudent risk-management strategy but will also distort its production policy. The award is given annually by tenured accounting faculty for the best paper written by an untenured accounting faculty member. It was established in 2001 by Ernest R. Wish, ’71 (XP-29), and PricewaterhouseCoopers, where Wish was formerly a managing partner.

Students also voted to honor faculty members for excellence in teaching.

Scott Meadow, clinical professor of entrepreneurship, earned the Phoenix Award for the fourth year in a row. With this award, students in the Full-Time MBA Program annually recognize a faculty member who has enriched student life not only in the classroom, but also through involvement in extracurricular and community activities.

Haresh Sapra, associate professor of accounting, earned the Emory Williams Teaching Award for the third consecutive year. The award is given annually by full-time students to a faculty member who demonstrates excellence in the classroom.

The Faculty Excellence Awards went to Jean-Pierre Dubé, associate professor of marketing, and to Canice Prendergast, W. Allen Wallis Professor of Economics, both first-time winners. Students in the Part-Time MBA Programs give the awards annually to faculty who have demonstrated an exceptional commitment to teaching.

—Anthony Ruth