« Globalstar Securities Litigation Settles for $20 Million | Main | SCAS Top 100 Settlements--Q2 2005 Update »

Daily Posts

May 2008
Sun Mon Tue Wed Thu Fri Sat
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

About SLW

Events

Subscribe

Email Alerts

Subscribe and receive email alerts when new articles are published!

Enter Your Email Address

U.S. Code

Code of Federal Regulations

Wednesday, July 20, 2005

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.

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

TrackBack

TrackBack URL for this entry:
http://blog.riskmetrics.com/cgi-bin/mt-tb.cgi/528

Listed below are links to weblogs that reference Go Right at Kozlowski Hall, then Left at Scrushy Field, Part II:

» 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]

   
 
About RiskMetrics Group | Disclaimer

Copyright © 2007 RiskMetrics Group
The World Leader in Proxy Voting and Corporate Governance Services

Powered by Movable Type 3.36