The largest one-time gift in the Business School’s history creates its first Endowed Chair
DENVER (Jan. 26, 2009) – In the 1950s, Robert H. Reynolds became a very successful and highly respected businessman in the import/export business. At a time when the global economy was taking its first steps, he was able to establish solid business contacts around the world. His passion for global business has resulted in a $1.5 million bequest that will fund the first endowed chair at the Business School at the University of Colorado Denver and be recognized as the largest one-time gift in the Business School’s history.
Prior to his death in February 2002, Reynolds and his wife, Viola, established the Robert H. Reynolds Faculty Fellowship in Global Business at UC Denver, initially endowing it with a $388,000 donation. With the recent passing of Viola Reynolds last summer, an additional $1.1 million was given to the endowment from the estate, bringing the couple’s donation to approximately $1.5 million. The endowment created the Robert H. Reynolds Chair in Global Leadership, and Wayne Cascio, PhD, professor of Management at the Business School, has been named the chair.
“This is the first endowed chair for the Business School at the university and its creation keeps Robert Reynolds’ entrepreneurial spirit alive in global business,” said University of Colorado Denver Chancellor M. Roy Wilson. “Private gifts are even more critical in difficult economic times. Because of generous endowments, the university can continue to attract and retain exceptional faculty, like Wayne Cascio, who are teaching tomorrow’s global leaders.”
For the past five years, Reynolds’ initial endowment provided support for faculty research and course development and also sponsored a distinguished lecture series in International Business.
“The Reynolds family believed it was very important for students and faculty to receive instruction and experience that would help them excel in the global economy and Wayne Cascio was selected as our first endowed chair because he is a visionary in his profession,” said Sueann Ambron, dean of the Business School at UC Denver. “Wayne is a recognized leader, scholar and expert in global business management, and he is well-positioned to increase the visibility of the university and the Business School through global opportunities and partnerships for our students and faculty members.”
A professor at UC Denver since 1981, Cascio earned his doctorate in Industrial and Organizational Psychology from the University of Rochester in New York in 1973, followed by studies in Financial Analysis at The Wharton School of Business, University of Pennsylvania.
Throughout his 35-year career, Cascio has consulted with more than 150 organizations on six continents and currently serves as the editor of the Journal of World Business. His most recent book, Investing in People (2008), is one of 22 that he has written. In addition, he partners with the Society for Human Resource Management (SHRM) Foundation to co-produce and narrate an annual educational case-study DVD, the latest of which looked at succession planning and leadership development at 3M (Seeing Forward: Succession Planning at 3M (2008), and the importance of trust and values in the workplace with a focus on Starbucks (Trust Travels: The Starbucks Story, 2007).
Most recently, in August 2008, Cascio was named one of the “most influential scholars in management” over the last 25 years by the Journal of Management. A selection of other honors include: the 1999 Distinguished Career Award from the Human Resources Division of the Academy of Management; the 2004 U.S. Bank Term Professorship in Management; and the 2004 Honorary Doctorate from the University of Geneva, Switzerland.
Cascio is also a two-time winner of the best-paper award from the journal, Academy of Management Perspectives, for his research on downsizing and responsible restructuring. To learn more about Wayne Cascio, please visit the Business School at UC Denver online.
“Global business practices are quickly becoming simply business,” added Ambron. “Mr. Reynolds’ lifetime of work involved cross-cultural management and international marketing, and in bestowing this gift to create the Robert H. Reynolds Chair in Global Leadership, his wish was to help future generations of students become international business leaders.”
The CU Foundation facilitated this generous gift that helps create the margin of excellence in global education at the Business School.
The University of Colorado Denver is one of 30 universities nationwide, and the only university in Colorado, to be designated as a Center for International Business Education Research (CIBER) by the U.S. Department of Education. The Business School offers an MS in International Business as well as an MBA with a specialization in International Business. Students also can complete a graduate-level degree with a dual MBA/MS in International Business.
Located on the University of Colorado Denver’s downtown campus, the Business School is the largest accredited graduate school of business in Colorado with more than 18,000 alumni. The school serves more than 1,200 graduate students and 1,400 undergraduate students each year. Students and faculty are involved in solving real-world business problems as they collaborate on more than 100 projects with area businesses every semester through classroom work, guest lectures and research projects.