Photo Gallery: 35 images

"Mobilization Analysis Center," under direction of Stanley F. Teele, is created in December at the request of the armed forces due to Korean mobilization

"Mobilization Analysis Center," under direction of Stanley F. Teele, is created in December at the request of the armed forces due to Korean mobilization

Faculty votes to accept the Committee on Educational Policy's recommendations regarding MBA program

Faculty votes to accept the Committee on Educational Policy's recommendations regarding MBA program

Filene Professorship, honoring retailer Lincoln Filene, is established

Filene Professorship, honoring retailer Lincoln Filene, is established; Malcolm McNair is named first incumbent

HBS raises $12.1 million

In response to Rockefeller's 1948 challenge grant, HBS raises a total of $12.1 million, including a $2 million from the Kresge Foundation, and gifts from 45 companies and 1,500 individuals

HBS sponsors a two-week session for the U.S. government's Economic Cooperation Administration, under auspices of Marshall Plan, on U.S. productivity

HBS sponsors a two-week session for the U.S. government's Economic Cooperation Administration, under auspices of Marshall Plan, on U.S. productivity

In first full year, HBS raises contributions of $60,000 from 1,200 alumni

In first full year, HBS raises contributions of $60,000 from 1,200 alumni

Only 7% of HBS budget is covered by endowment income; increases to 15% by 1955

Only 7% of HBS budget is covered by endowment income; increases to 15% by 1955

Paul Lawrence receives DCS in Organizational Behavior

Paul Lawrence receives DCS in Organizational Behavior

The Wallace Brett Donham Professorship of Human Relations is created by transfer of end-of-year surplus to endowment

The Wallace Brett Donham Professorship of Human Relations is created by transfer of end-of-year surplus to endowment

Thomas Raymond joins faculty

Thomas Raymond (MBA 11/47) joins faculty; begins developing new "Written Analysis of Cases" course

Wilson Professorship, honoring manufacturing executive Charles E. Wilson, is established by General Electric; Richard Meriam is named first incumbent

Wilson Professorship, honoring manufacturing executive Charles E. Wilson, is established by General Electric; Richard Meriam is named first incumbent

David cites HBS's "definite obligation" to help other business schools develop "a professional approach toward business administration"

David cites HBS's "definite obligation" to help other business schools develop "a professional approach toward business administration"

Due largely to Korean War, applications drop from 2,300 in 1950 to 1,400 in 1951

Due largely to Korean War, applications drop from 2,300 in 1950 to 1,400 in 1951

Fritz Roethlisberger begins offering Human Relations Clinic

Fritz Roethlisberger begins offering Human Relations Clinic (continues through 1954)

George Albert Smith, Jr., publishes Policy Formulation and Administration

George Albert Smith, Jr., publishes Policy Formulation and Administration

Ground is broken for Aldrich Hall

Ground is broken for Aldrich Hall

HBR's circulation reaches 25,000

HBR's circulation reaches 25,000; more than 10,000 requests are received for a single reprint

HBS begins charging applicants a $15 fee to offset cost of interviewing and reviewing applications

HBS begins charging applicants a $15 fee to offset cost of interviewing and reviewing applications

HBS first considers dropping admissions interviews

HBS first considers dropping admissions interviews

HBS joins with other institutions to help found American Universities Field Staff, which sends correspondents throughout the world

HBS joins with other institutions to help found American Universities Field Staff, which sends correspondents throughout the world

Keith Butters and John Lintner publish Effects of Taxation on Corporate Mergers

Keith Butters and John Lintner publish Effects of Taxation on Corporate Mergers

MBA degrees are awarded to 86 "certificate" holders who have completed MBA program but don't hold college degrees

With Harvard's permission, and "in the interest of consistency and goodwill," MBA degrees are awarded to 86 "certificate" holders who have completed MBA program but don't hold college degrees

New "central task force" for training casewriters is created

New "central task force" for training casewriters is created

Rockefeller Foundation begins funding John Lintner's study of impact of profits on the economy

Rockefeller Foundation begins funding John Lintner's study of impact of profits on the economy

A Scholar in Action, Herbert Heaton's biography of HBS Dean Edwin F. Gay, is published

A Scholar in Action, Herbert Heaton's biography of HBS Dean Edwin F. Gay, is published

Anonymous contributor establishes the Clinton Strong Golden Fund for trade union research

Anonymous contributor establishes the Clinton Strong Golden Fund for trade union research with $100,000 gift

Charlie Williams advises Fiat and Olivetti on the opening on IPSOA in Turino, Italiy

Charlie Williams advises Fiat and Olivetti on the opening on IPSOA in Turino, Italiy

Cliff Crosby Story VIDEO: 8 minutes

Story regarding his experience attending HBS in the 1950s, where he enjoyed football and benefitted from the case study method. He also talks about his varied career where he turned failure into opportunity.

First Young Presidents' Organization Seminar is held

First Young Presidents' Organization Seminar is held

HBS Alumni Association opens clubs in Norway and Mexico City

HBS Alumni Association opens clubs in Norway and Mexico City, bringing international club total to 6

Ilmar J. Martens Story VIDEO: 5 minutes

Wife's story regarding the experience of her husband (now deceased) as an Estonian attending HBS in the 1950s, and his co-founding, in 1988, of the Estonian Business School established upon Western business practices.

Paul Lawrence (with Harriet Ronken) publishes Administering Change

Paul Lawrence (with Harriet Ronken) publishes Administering Change

Program in Agriculture and Business is launched

Program in Agriculture and Business is launched

C. Roland Christensen receives DCS degree; publishes Management Succession in Small and Growing Enterprises

C. Roland Christensen receives DCS degree; publishes Management Succession in Small and Growing Enterprises

Citing financial aid statistics, David refutes idea that HBS is a "rich man's school"

Citing financial aid statistics, David refutes idea that HBS is a "rich man's school"

Dan Smith begins six-year leave to join Treasury Department and help rewrite Internal Revenue Code

Dan Smith begins six-year leave to join Treasury Department and help rewrite Internal Revenue Code

David writes that "business is not yet a profession," and calls for "leadership" to be made a permanent part of the curriculum

David writes that "business is not yet a profession," and calls for "leadership" to be made a permanent part of the curriculum

Division of Audio-Visual Education is created to investigate use of media in case development and teaching

Division of Audio-Visual Education is created to investigate use of media in case development and teaching

Doctor in Business Administration degree replaces the Doctor of Commercial Science degree

With Ford Foundation funding, faculty votes in favor of an enlarged doctoral program, and (with Harvard's permission) to grant a "Doctor in Business Administration" degree instead of the "Doctor of Commercial Science" degree

HBR circulation reaches 35,000; 89% of subscribers are in "top management"

HBR circulation reaches 35,000; 89% of subscribers are in "top management"

HBS and other leading business schools agree to adopt an "Admission Test for Graduate Study in Business"

At a March meeting in Princeton, HBS and other leading business schools agree to adopt an "Admission Test for Graduate Study in Business"

HBS faculty help 12 Canadian universities offer "Atlantic Summer School for Advanced Business Administration" in Halifax

HBS faculty help 12 Canadian universities offer "Atlantic Summer School for Advanced Business Administration" in Halifax

HBS receives requests for assistance from 32 foreign educational institutions

HBS receives requests for assistance from 32 foreign educational institutions, signaling the beginning of almost two decades of active HBS "missionary" work overseas.

HBS takes over operation of HBS Fund from alumni

HBS takes over operation of HBS Fund from alumni

James Healy and John Dunlop publish Collective Bargaining

James Healy and John Dunlop publish Collective Bargaining

Keith Butters and Lawrence Thompson publish Effects of Taxation on Investments by Individuals

Keith Butters and Lawrence Thompson publish Effects of Taxation on Investments by Individuals

Kresge and Aldrich Halls dedicated

Aldrich and Kresge Halls, the first major additions to the original HBS campus, are dedicated in June. The total cost of Aldrich (the classroom building cut from the original campus plan for budget reasons) is $3.2 million, and the Rockefellers add a $1.8 million endowment for upkeep; the total cost of Kresge (a dining facility and campus center) is $2.3 million.

Moffett Professorship, honoring agribusiness executive George Moffett, is established

Moffett Professorship, honoring agribusiness executive George Moffett, is established

New "Doctoral Lounge" opens in Baker

New "Doctoral Lounge" opens in Baker

New "Office of Case Development" takes over responsibility for case research from Division of Research

New "Office of Case Development" takes over responsibility for case research from Division of Research

Professor Bertrand Fox succeeds Copeland as head of Division of Research

Professor Bertrand Fox succeeds Copeland as head of Division of Research; works with Research Policy Committee to review HBS research program

Professor Melvin T. Copeland retires after 45 years on faculty

Professor Melvin T. Copeland retires after 45 years on faculty

"Advanced Management Program in Hawaii" is launched by Myles Mace in response to requests from local business leaders

"Advanced Management Program in Hawaii" is launched by Myles Mace in response to requests from local business leaders

Business History Review, successor to the Bulletin of the Business Historical Society, begins publication

Business History Review, successor to the Bulletin of the Business Historical Society, begins publication

Fall entering class is first to take "Admission Test for Graduate Study in Business"

Fall entering class is first to take "Admission Test for Graduate Study in Business," although HBS doesn't intend to "rely heavily on test performance as a basis for acceptance"

HBS Fund receives contributions totaling $141,664: up 36.9% over previous year

HBS Fund receives contributions totaling $141,664: up 36.9% over previous year

HBS endowment exceeds $10 million

HBS endowment exceeds $10 million

HBS enters into its first formal overseas relationship

With Ford Foundation funding and with Harvard's blessing, HBS enters into its first formal overseas relationship: with the Institute of Business Administration at the University of Istanbul, Turkey.

Lynn Bollinger and John Day publish Management of New Enterprises

Lynn Bollinger and John Day publish Management of New Enterprises

Management Training Program offered at Radcliffe

The faculty votes to join Radcliffe College in offering a one-year "Management Training Program" for women at Radcliffe.

Middle Management Program begins

A new 16-month "Middle Management Program" for executives with 10-15 years' experience begins in January; later evolves into Program for Management Development and General Management Program.

Paul Lawrence publishes "How to Deal with Resistance to Change" in HBR; later considered a classic

Paul Lawrence publishes "How to Deal with Resistance to Change" in HBR; later considered a classic

Summer Case Writing Seminar begins

With Ford Foundation support, HBS creates a Summer Case Writing Seminar for deans and professors from other schools; continues through 1965

Wilbur England joins marketing faculty after 20 years in business

Wilbur England joins marketing faculty after 20 years in business

Williston Professorship, honoring stock broker James Williston, is established

Williston Professorship, honoring stock broker James Williston, is established; George Bates is named first incumbent

2 faculty advisory committees -- Domestic Programs and Foreign Programs -- are set up to help HBS choose appropriate partners

2 faculty advisory committees -- Domestic Programs and Foreign Programs -- are set up to help HBS choose appropriate partners

200,000 HBR reprints are sold

200,000 HBR reprints are sold

25th AMP achieves 99.4% participation in fund drive

25th AMP achieves 99.4% participation in fund drive (lacking only one overseas member)

Admissions director Lewis Ward leaves HBS to head Educational Testing Service's "Executive Study"

Admissions director Lewis Ward leaves HBS to head Educational Testing Service's "Executive Study"; subsequently returns to join faculty

Baker Library collection comprises some 310,700 books and pamphlets

Baker Library collection comprises some 310,700 books and pamphlets

Bertrand Fox, Keith Butters, and C. Roland Christensen write report on research challenges at HBS

Bertrand Fox, Keith Butters, and C. Roland Christensen write report on research challenges at HBS

Charles C. Abbott resigns from faculty to become first dean of new business school at the University of Virginia

Charles C. Abbott resigns from faculty to become first dean of new business school at the University of Virginia

Dean Teele appointed

Retailing specialist and recipient of HBS's second doctoral degree, Stanley F. Teele, is named HBS's 4th dean.

Engineers constitute a quarter of incoming MBAs

Engineers constitute a quarter of incoming MBAs (as opposed to less than 10 percent prewar)

Faculty Committee on Case Development Policy urges a substantial expansion of case development

Faculty Committee on Case Development Policy urges a substantial expansion of case development; results in a doubling of case output

First "Doctorate in Business Administration" is awarded

In June, first "Doctorate in Business Administration" is awarded; 41 "provisional candidates" are accepted into the DBA program

Grace P. Bowser, head of Baker's Acquisition Division since 1927, retires

Grace P. Bowser, head of Baker's Acquisition Division since 1927, retires

HBS and Radcliffe formalize their working arrangement in the "Management Training Program" for women

HBS and Radcliffe formalize their working arrangement in the "Management Training Program" for women

HBS attends October AACSB meeting at Columbia on subject of doctoral programs in business adminstration; School is "now playing a significant role" in training researchers and teachers

HBS attends October AACSB meeting at Columbia on subject of doctoral programs in business adminstration; School is "now playing a significant role" in training researchers and teachers

HBS budget exceeds $4 million

HBS budget exceeds $4 million (up from $1.2 million in 1942)

HBS receives grant from Ford Foundation in support of two research professorships

HBS receives $2 million grant from Ford Foundation in support of two research professorships, later renamed the Thomas Carroll Ford Foundation and Edsel Ford Professorships; Samuel Stouffer (of Harvard's Department of Social Relations) and Bertrand Fox are named first incumbents

HBSA grows

The Harvard Business School Association (HBSA) now includes 52 clubs around the world, and 50 permanent class secretaries (up from 13 in 1949) contribute notes to the alumni Bulletin.

Incoming MBA class is first in recent years not to be interviewed

Incoming MBA class is first in recent years not to be interviewed

John Davis and Ray Goldberg inaugurate HBS "agriculture and business" program

John Davis and Ray Goldberg inaugurate HBS "agriculture and business" program

Middle Management Program is shortened to 8 months

Middle Management Program is shortened to 8 months

Office of Overseas Relations is established

Office of Overseas Relations is established to serve as central point of contact for requests for help from overseas; over next 8 years, OOR hosts 3,000 visitors from 85 countries

Rockefeller Foundation makes 5-year extension to John Lintner's study of the impact of profits on the economy

Rockefeller Foundation makes 5-year extension to John Lintner's study of the impact of profits on the economy

2,180 people apply for 617 seats in the MBA program

2,180 people apply for 617 seats in the MBA program

3 new courses (Sales Organization and Administration, Creative Marketing Strategy, and Industrial Marketing) are added as part of effort to expand elective offerings

3 new courses (Sales Organization and Administration, Creative Marketing Strategy, and Industrial Marketing) are added as part of effort to expand elective offerings

435 representatives from 242 companies conduct 4,178 interviews with second-year MBAs, resulting in 242 hires

435 representatives from 242 companies conduct 4,178 interviews with second-year MBAs, resulting in 242 hires

AMP holds first session at Baguio in the Philippines

AMP holds first session at Baguio in the Philippines

All alumni begin receiving HBS Bulletin free of charge

All alumni begin receiving HBS Bulletin free of charge, to develop a "better understanding of the needs and objectives" of HBS

Alumni population reaches 21,000

Alumni population reaches 21,000, living in U.S. and 74 other countries

Arthur H. Cole, 26-year head of Baker Library, retires

Arthur H. Cole, 26-year head of Baker Library, retires

Chris Christensen and Ken Andrews begin multiyear effort to retool Business Policy

Chris Christensen and Ken Andrews begin multiyear effort to retool Business Policy; develop the concept of "corporate strategy" as course's organizing principle

Dean Teele writes that a successful manager needs both knowledge and wisdom, and hopes that "this School increases more a man's wisdom"

Dean Teele writes that a successful manager needs both knowledge and wisdom, and hopes that "this School increases more a man's wisdom"

Faculty approves a "more demanding" curriculum for the Harvard-Radcliffe Program in Business Administration

Faculty approves a "more demanding" curriculum for the Harvard-Radcliffe Program in Business Administration

Faculty approves a 3-week prematriculation program for all first-year students who are not native English speakers

Faculty approves a 3-week prematriculation program for all first-year students who are not native English speakers

Faculty approves new committee structure consisting of policy committee, program operating boards, and administrative boards

Faculty approves new committee structure consisting of policy committee, program operating boards, and administrative boards

Faculty considers "the inclusion of statistical and mathematical techniques in our basic curriculum," reflecting OR and other new approaches to problem-solving

Faculty considers "the inclusion of statistical and mathematical techniques in our basic curriculum," reflecting OR and other new approaches to problem-solving

HBR's paid circulation reaches 52,250

HBR's paid circulation reaches 52,250

Harry Hansen offers first "Creative Marketing Strategy" field studies

Harry Hansen offers first "Creative Marketing Strategy" field studies

Income exceeds expenses by $63,501

Income exceeds expenses by $63,501

Incoming MBA class includes 45 students from 22 foreign countries, as well as 10 from Canada

Incoming MBA class includes 45 students from 22 foreign countries, as well as 10 from Canada

John Bishop teaches advanced math seminar to small group of HBS faculty to enhance their quantitative skills

John Bishop teaches advanced math seminar to small group of HBS faculty to enhance their quantitative skills

John McLean resigns from faculty to become an executive (and later CEO) at Conoco

John McLean resigns from faculty to become an executive (and later CEO) at Conoco

Paul Lawrence becomes Ad Prac course head (through 1960)

Paul Lawrence becomes Ad Prac course head (through 1960)

Paul Lawrence, James Rieser Bright, Ray Corey, Lawrence Evans Thompson, and Abraham Zaleznik are promoted to Associate rank

Paul Lawrence, James Rieser Bright, Ray Corey, Lawrence Evans Thompson, and Abraham Zaleznik are promoted to Associate rank

Ray Corey publishes The Development of Markets for New Materials, and introduces a 2nd-year course in industrial marketing

Ray Corey publishes The Development of Markets for New Materials, and introduces a 2nd-year course in industrial marketing

School sets target of having one-third of faculty engaged in case development or project research each year

School sets target of having one-third of faculty engaged in case development or project research each year

The HBS Experience VIDEO: RT: 01:40

Interview clip with Dick Spangler, MBA 1956, who tells how his father suggested that he apply to HBS, he responded to his introduction to the case method, he was moved by the awe-inspiring atmosphere of Aldrich Hall, he was impressed by the academic calibre of his classmates, and how the HBS education expanded his intellectual horizons.

The three-day "Advanced Management Seminar in Free China," taught by several HBS professors, is taught in multiple locations in Taiwan

The three-day "Advanced Management Seminar in Free China," taught by several HBS professors, is taught in multiple locations in Taiwan

Tuition increases to $1,000

Tuition increases to $1,000

Two HBS professors teach 66 Japanese executives in "Advanced Management Seminar in Japan

Two HBS professors teach 66 Japanese executives in "Advanced Management Seminar in Japan", sponsored by Keio University

Unused student rooms in Gallatin are converted to office space, providing offices to assistant professors

Unused student rooms in Gallatin are converted to office space, providing offices to assistant professors

Baker Library publishes first issue of The Executive, a "guide to reading for top management"

Baker Library publishes first issue of The Executive, a "guide to reading for top management"

Bill Riley Story VIDEO: 9 minutes

Story regarding his experience attending HBS in the 1950s, including the rush to get papers in on time for WAC (Written Analysis of Cases), and the founding, in California, of the Harvard Business School Bachelors for postgraduate professional development and society.

Bob Fetter Story VIDEO: beginning 6 minutes, second half 13 minutes, total time 19 minutes

Story regarding his experience attending HBS in the 1950s, including the "black period" that all HBS students endure. He discusses how attending the new Creative Marketing Strategy course impacted his life in terms of understanding the psychology of group effort and discovering a way to make a career in the railroad industry. He discusses the "ministry of encouragement" that section mates provide each other throughout a lifetime.

Dan Burack Story VIDEO: 6 minutes

Story regarding his experience at HBS in the 1950s, including the rush to get papers in on time for WAC (Written Analysis of Cases), and the demographics of the 1955 class.

Division of Audio-Visual Education -- focusing on "filmed cases" -- is relocated out of Baker to link it more closely to teaching and research activities

Division of Audio-Visual Education -- focusing on "filmed cases" -- is relocated out of Baker to link it more closely to teaching and research activities

Faculty members help found IMEDE in Lausanne, Switzerland

At Nestle's request, four HBS faculty members help found IMEDE in Lausanne, Switzerland, which offers 8-month and summer programs for executives.

Floyd T. Neth Story VIDEO: 4 minutes

Story regarding his experience as a PhD in chemistry attending HBS in the 1950s, summed up in a laboratory experiment conducted in class. The experiment--creating an iron smelter and setting it afire--established him as a risk-taker, and won him both the esteem of Professor Doriot and a prestigious position.

Ford Foundation gives $120,000 to help support development of a "clearing house for case materials"

Ford Foundation gives $120,000 to help support development of a "clearing house for case materials"

HBR receives 319 unsolicited manuscripts; up from 204 in 1952

HBR receives 319 unsolicited manuscripts; up from 204 in 1952

Harvey Bishop, first "Director of Case Distribution," begins work of trying to coordinate case distribution across multiple schools of business

Harvey Bishop, first "Director of Case Distribution," begins work of trying to coordinate case distribution across multiple schools of business; directory of cases from 32 schools is published

Howard Raiffa, Raymond Bauer, and Renato Tagiuri join faculty to serve as "transmission lines with the behaviorial sciences," creating faculty research training courses

Howard Raiffa, Raymond Bauer, and Renato Tagiuri join faculty to serve as "transmission lines with the behaviorial sciences," creating faculty research training courses

Kenneth Andrews conducts research into secretive Swiss watch industry and writes groundbreaking case series

While teaching at IMEDE, Kenneth Andrews conducts research into secretive Swiss watch industry; writes groundbreaking case series

Lawrence Thompson is named editor of National Tax Journal

Lawrence Thompson is named editor of National Tax Journal

MBA Program committee begins examining how to introduce technical material into the requirements

MBA Program committee begins examining how to introduce "new technical material into the required portion of the MBA program"

MBA students establish "International Business Club"

MBA students establish "International Business Club"

Mead Ferguson Story VIDEO: 13 minutes

Story regarding his experience as a rancher attending HBS in the 1950s, the flexibility of thinking engendered by the case study method of teaching and the operation of study groups, developments in business reflected by changes in the cattle industry, and a comparison of the HBS he knew with today's school.

Newly created "Directory of Doctoral Degree Holders" shows that 60 of 100 degree holders are in academic life

Newly created "Directory of Doctoral Degree Holders" shows that 60 of 100 degree holders are in academic life, including 80% of those receiving degrees within previous 10 years

Student career statistics

60.4% of graduating students go into manufacturing, 12.2% into banking, and 7.2% into marketing

Wini Kovacik Story VIDEO: 13 minutes

Story regarding her experience as a wife (now widow) whose husband attended HBS in the 1950s. Topics include the classroom experience of spouses, her responsibility for entertaining students at home, the difficulty for a college wife to find employment in Boston, and the contrast between the expectations of a wife in her generation with today's generation.

20 faculty members participate in programs in 11 countries around the world

20 faculty members participate in programs in 11 countries around the world

Doctoral program expanded

Faculty approves a massive expansion of doctoral program to meet burgeoning demand for business educators; Ford Foundation funds this expansion

Due to economic recession, average starting salary (for MBA students) drops

Due to economic recession, average starting salary (for MBA students) drops from $6,505 to $6,455

Faculty approves "Business, Society, and the Individual" elective

Faculty approves "Business, Society, and the Individual" elective, aimed at encouraging student scrutiny of "proper ends and means of business"

Faculty votes to support a mix of students

Faculty votes to support a mix of students, including foreign students, in MBA class, in effect setting a quota for foreign students

Faculty votes to support both (limited) basic research program with seven concentrations and a larger general-interest effort

In December, faculty votes to support both (limited) basic research program with seven concentrations and a larger general-interest effort

Ford Foundation gives $1.1 million

Ford Foundation gives $1.1 million in support of doctoral program, summer teaching seminars, and faculty research

Gifts received through HBS Fund exceed $332,000, up from $62,000 in 1950

Gifts received through HBS Fund exceed $332,000, up from $62,000 in 1950

Growing demand for graduate training for women in the field of business administration

Teele writes that there is a "growing demand for graduate training for women in the field of business administration," and for advanced degrees

HBS observes 50th anniversary

HBS observes 50th anniversary with "rededication service" in Memorial Church and a celebratory dinner

HBSA holds two-day conference -- Management's Mission in a New Society -- commemorating HBS's 50 anniversary

HBSA holds two-day conference -- Management's Mission in a New Society -- commemorating HBS's 50 anniversary, and including historian Arnold Toynbee and U.S. Vice President Richard Nixon

Howard Wenzel Story VIDEO: RT: 05:14

Story regarding his lifelong dedication to the issue of the North-South economic imbalance. Through Professor Ray Miller's connections, he attended a government meeting on international aid at which he met Bill Graham of Private Enterprises Overseas who offered him his first job after HBS. This position launched his fifty-year career in starting enterprises in Latin America. He recalls a memorable saying by film producer Mike Todd from Prof. Georges Doriot's class.

International Teachers Program is established to help train foreign teachers

With Ford Foundation and AID support, the International Teachers Program is established to help train foreign teachers; 18 teachers from 12 countries begin arriving at HBS

MBA tuition increases to $1,200

MBA tuition increases to $1,200

McKinsey Awards established

McKinsey Foundation for Management Research establishes annual "McKinsey Awards" for best articles published each year in HBR

Middle Management Program is suspended after its fifth session

Middle Management Program is suspended after its fifth session

New "International Teachers Program" enrolls 18 teachers from 12 foreign countries

New "International Teachers Program" enrolls 18 teachers from 12 foreign countries

Paul Cherington publishes Airline Price Policy

Paul Cherington publishes Airline Price Policy

Professor Melvin T. Copeland publishes And Mark an Era, first HBS history, on occasion of School's 50th anniversary

Professor Melvin T. Copeland publishes And Mark an Era, first HBS history, on occasion of School's 50th anniversary

Stanley Diamond Story VIDEO: RT: 09:17

Story regarding the life lessons he learned while at HBS. After a warning about failing to meet academic standards in his first year, he improved his performance with the aid of his study group. He retells Prof. Thomas Raymond's "dishpan assumption" parable and discusses the responsibility of living up to the reputation of HBS MBAs. Living with two roommates of different religions taught him cultural and religious sensitivity and respect.

Three long-time members of HBS Visiting Committee -- Lincoln Filene, Walter C. Teagle, and William Ziegler, Jr. -- die

Three long-time members of HBS Visiting Committee -- Lincoln Filene, Walter C. Teagle, and William Ziegler, Jr. -- die

Windsor Hosmer first offers "Small Manufacturing Enterprises"

Windsor Hosmer first offers "Small Manufacturing Enterprises"

With addition of 6 local AMP associations, total number of HBS clubs reaches 62

With addition of 6 local AMP associations, total number of HBS clubs reaches 62

"Management Information Systems" faculty group is formally organized

"Management Information Systems" faculty group is formally organized

C. Roland Christensen, Abraham Zaleznik, Fritz Roethlisberger, and George Homans publish The Motivation, Productivity, and Satisfaction of Workers: A Prediction Study

C. Roland Christensen, Abraham Zaleznik, Fritz Roethlisberger, and George Homans publish The Motivation, Productivity, and Satisfaction of Workers: A Prediction Study

Edmund Learned and Catherine Ellsworth publish Gasoline Pricing in Ohio

Edmund Learned and Catherine Ellsworth publish Gasoline Pricing in Ohio

First women graduate from HBS

Three women graduates of the Harvard-Radcliffe Program in Business Administration are admitted to 2nd year of MBA program; they become first women to receive HBS MBAs (in 1960)

Fritz Roethlisberger wins Harvard's George Ledlie Prize

Fritz Roethlisberger wins Harvard's George Ledlie Prize

George Albert Smith teaches new "Business, Society, and the Individual" course

George Albert Smith teaches new "Business, Society, and the Individual" course

George Bates publishes Investment Management

George Bates publishes Investment Management

HBS Club of Vancouver is established

HBS Club of Vancouver is established

HBS establishes a 12-month "Institute of Basic Mathematics for Application to Business"

HBS establishes a 12-month "Institute of Basic Mathematics for Application to Business" with Ford Foundation support, to upgrade key leaders of business doctoral programs; 41 applicants from 32 universities enroll

Howard Raiffa, James Healy, Thomas Kennedy, and Edward Wrapp are promoted to full professor

Howard Raiffa, James Healy, Thomas Kennedy, and Edward Wrapp are promoted to full professor

John Day and Paul Donham publish New Enterprises and Small Business Management

John Day and Paul Donham publish New Enterprises and Small Business Management

Martin Marshall publishes Advertising Management

Martin Marshall publishes Advertising Management

Philip Thurston publishes Systems and Procedures Responsibility

Philip Thurston publishes Systems and Procedures Responsibility

Robert Livernash studies collective bargaining in steel industry

President Eisenhower and Secretary of Labor James Mitchell ask Robert Livernash to study collective bargaining in steel industry

Robert Schlaifer publishes Probability and Statistics for Business Decisions

Robert Schlaifer publishes Probability and Statistics for Business Decisions

Sales of Intercollegiate Case Clearing House materials increase

Sales of Intercollegiate Case Clearing House materials increase from 204,000 pages in 1958 to 3.2 million pages in 1959

Teele appoints committee to conduct a "completely fresh survey" of the MBA program

Teele appoints an 8-person "MBA Study Committee" (later known as the "Anthony Committee") to conduct a "completely fresh survey" of the MBA program

Two publications highly critical of business education are issued

Ford Foundation publishes Gordon and Howell's Higher Education for Business, and Carnegie Foundation publishes Pierson's The Education of American Businessmen, both highly critical of business education