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- Also in 1961:
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- Teele becomes ill in fall; takes medical leave until February of '62
- 604 representatives from 327 companies conduct 6,004 interviews with members of second-year class
- Anthony Committee (see 1959) submits its report -- "Planning for Change" -- in May
- Chris Christensen spends the year teaching at IMEDE
- Edmund Learned, C. Roland Christensen, and Ken Andrews publish Problems of General Management
- Faculty votes to extend International Teachers Program by (only) one year, to see what Stanford will do with large grant in this area
- Gordon Donaldson publishes Corporate Debt Capacity
- HBR's paid circulation reaches 61,800
- Henrietta Larson becomes first woman to be named a full professor at HBS
- Howard Raiffa and Robert Schlaifer publish Applied Statistical Decision Theory
- In response to growing size of faculty, a "Committee on Faculty Organization," chaired by George P. Baker, is created to study and make recommendations about how faculty should be organized
- Lillian Mary Cotter, HBS's financial secretary, retires after 40 years at HBS
- Lincoln Gordon leaves HBS to become U.S. ambassador to Brazil
- Paul Lawrence teaches in International Teachers Program
- Required course, "Business Responsibilities in the American Society," is renamed "The Manager and the American Economy"
- Teele appoints a Committee on the Educational and Social Environment of the MBA Program, focused on section structure and extracurricular activities
- Teele writes that while HBS is concerned about ethics, it has neither the "opportunity nor the responsibility" to prescribe ethical or religious values
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