Go Right at Kozlowski Hall, then Left at Scrushy Field, Part II
Back in the formative years of this blog, we posted about an interesting article that wondered what universities would do about the buildings, athletic fields and scholarships they had named after donors who later became indicted, white collar felons, etc. Today, this article from Bloomberg gives a good update. The highlights:
- Kozlowski Hall, Seton Hall University--Name remains intact. The article notes that "[a]t one point the school -- named for Elizabeth Ann Seton, the first U.S.-born saint -- found itself with three buildings bearing the names of indicted or convicted felons. There was a gym named after convicted money launderer Robert E. Brennan; a library named for Frank Walsh Jr., a former Tyco board member who pleaded guilty to securities fraud in 2002; and Kozlowski Hall. The board of regents voted in 2002 to remove Brennan's name."
- Walsh Library Building, Seton Hall University--Name remains intact. Seton Hall "has no plans to remove former Tyco board member Walsh's name from the library," and says "Walsh's involvement with the campaign was based on the totality of his life, work and contribution to the school.... Mr. Walsh accepted full responsibility for his actions."
- Rigas Family Theater, St. Bonaventure University--Name remains intact. The article notes that Rigas, the founder of Adelphia Communications Corp. and a former St. Bonaventure trustee, was sentenced to 15 years in prison for stealing from the company and lying about its finances. The St. Bonaventure "board hasn't yet discussed the naming issue and may wait until the outcome of any appeals."
- Adelphia Court (basketball gymnasium), St. Bonaventure University--Name removed.
- Kenneth L. Lay Chair in Economics, University of Missouri in Columbia--Name remains intact. (Lay has pleaded not guilty to involvement in the financial fraud at Enron).
Finally, it is not in the article but Arthur Andersen Hall seems to be alive and well at the Kellogg School of Management, and it is "play ball" at Scrushy-Striplin Field at the University of Alabama.
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» What Happens When the Name on the Building is Tainted? from White Collar Crime Prof Blog
Bruce Carton on the Securities Litigation Watch blog has an interesting post (here)about schools with buildings (or in one case a professorship) named after defendants in corporate crime prosecutions, including Kozlowski Hall at Seton Hall and the Riga... [Read More]
Tracked on July 26, 2005 3:16 AM