Boston University School of Management Establishes theNorman and Adele Barron Professorship in Management

in Business, News Releases, School of Management
June 5th, 2006

Contact: Richard Taffe, 617-353-4626 | rtaffe@bu.edu
Contact: Laure Kesner, 781-239-1030 | lkesner@parnold.com

(Boston) – Boston University School of Management announced the establishment of the Norman and Adele Barron Professorship in Management and named Zvi Bodie, Professor of Finance and Economics, as its first designee. Adele Barron established this professorship in memory of her husband Norman, a 1938 graduate of the School of Management and founder of the Marshall’s department store chain.

Louis E. Lataif, Dean of the School of Management, described the generous gift that endowed this new chair as “a perpetual tribute to Norman’s professional success and to his and Adele’s continued commitment to help educate future generations of builders and leaders.”

Norman Barron enjoyed a successful career as an innovative entrepreneur in the discount clothing industry. He began buying excess war inventory from the government and had several stores by the end of World War II. Then he decided to open a discount clothing store on an empty lot in Beverly, Massachusetts, the town where he and Adele lived. By the time he sold his business in the mid-1970s, there were fifty-five stores. The chain is now owned by TJX Companies.

The designee for the endowed chair, Zvi Bodie, joined the faculty in 1972. He has studied investment strategies for more than 30 years and has written numerous books, his most recent being, “Worry Free Investing,” published in 2003. Zvi has been featured by such notable media as BusinessWeek, The Economist, Financial Times, The New York Times, NPR and PBS.

Dr. Bodie earned his BA from Brooklyn College in New York, an MA from the Hebrew University in Jerusalem, and his PhD from MIT. His research interests include investment management, pension finance and financial system design. He was a Financial Consultant to Honeywell Corporation from 1980-2000 and has been a Consultant to the Pension Benefit Guaranty Corporation since 1989.

About Boston University School of Management

Founded as the College of Business Administration in 1913, Boston University School of Management develops builders and leaders for the networked-era, emphasizing the fusion of the art, science, and technology of business. The School’s holistic approach prepares the next generation of business leaders for a world that values management as a system of interdependent functions, decisions, people, and technologies. It is the worldwide leader in offering a unique MS•MBA program, a rigorous dual degree and next-generation MBA fusing a traditional management education with expertise in the information technologies that are transforming all businesses. The School also offers a full range of graduate and undergraduate management degree programs and executive education.

The School of Management at Boston University is located at 595 Commonwealth Avenue, Boston, MA 02215. For more information, visit http://management.bu.edu.

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