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1958
on the timeline
Topics:
Administration
Alumni
Gifts
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1950s
Also in 1958:
Faculty approves a massive expansion of doctoral program to meet burgeoning demand for business educators; Ford Foundation funds this expansion
HBS observes 50th anniversary with "rededication service" in Memorial Church and a celebratory dinner
Professor Melvin T. Copeland publishes And Mark an Era, first HBS history, on occasion of School's 50th anniversary
20 faculty members participate in programs in 11 countries around the world
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, aimed at encouraging student scrutiny of "proper ends and means of business"
Faculty votes to support a mix of students, including foreign students, in MBA class, in effect setting a quota for foreign students
Ford Foundation gives $1.1 million in support of doctoral program, summer teaching seminars, and faculty research
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
In December, faculty votes to support both (limited) basic research program with seven concentrations and a larger general-interest effort
MBA tuition increases to $1,200
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
New "International Teachers Program" enrolls 18 teachers from 12 foreign countries
Paul Cherington publishes Airline Price Policy
Teele writes that there is a "growing demand for graduate training for women in the field of business administration," and for advanced degrees
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"
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
With addition of 6 local AMP associations, total number of HBS clubs reaches 62
Key to Topic Colors:
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Timeline: 1958
Gifts received through HBS Fund exceed $332,000, up from $62,000 in 1950
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