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- Army Air Forces ask HBS to plan and operate an Officers Candidate School for statistical officers under direct government contract; begins operating in June, and includes the first of 6,400 students whom HBS will train in 9 military programs during the war.
- Wallace B. Donham resigns deanship after 23 years; he is succeeded by former HBS faculty member and New York executive Donald K. David.
- 15% of HBS budget is covered by endowment income
- David organizes "Air Research Advisory Committee" in support of aviation research at HBS
- Disastrous Cocoanut Grove nightclub fire kills more than 450 in Boston, including several HBS students
- Donham writes that the flexibility of the case method has allowed the "successful conversion of our curriculum to war conditions"
- Faculty votes guidelines for accepting research funding, emphasizing need for independence
- HBS Clubs in Paris and Shanghai suspend operations
- Harvard University Trade Union Program, under direction of Professor Sumner H. Slichter, is launched as 9-month program by HBS, the Littauer School, and Department of Economics
- In December, faculty votes to discontinue 12 courses not related to war effort
- In last initiative of his deanship, Donham proposes to faculty that HBS agree to offer a government-sponsored retraining program for a "group of older men [making] the conversion from peacetime to wartime employment"
- J. Anton de Haas travels to Bogota, Colombia, to assist in planning a college of business administration in that country
- Melvin Copeland is named Director of Research
- Neil Borden publishes The Economic Effects of Advertising
- Paul Lawrence enrolls in MBA program in May
- Professor Howard T. Lewis contributes essay, "The cost of loyalty," to student yearbook, saying that HBS alumni are a "force for good"
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