Timeline: 1962
After a month back at HBS, Teele resigns (on March 20) for medical reasons; George P. Baker is named acting dean
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- The faculty votes to accept women (creating a separate "pool" for female applicants); the Harvard-Radcliffe program is discontinued, and (in 1963) eight women are admitted as members of first-year class.
- Transportation expert George P. Baker is named the School's 5th dean.
- First woman enrolls in AMP
- William J. Cunningham, last surviving member of original HBS faculty, dies in June
- With Harvard's permission, HBS enters into formal agreement in July to help develop an "Institute of Management" in Ahmedabad, India; effort is supported by a Ford Foundation grant and headed by Harry Hansen
- "Harbus II," a computer simulation of business enterprise developed at HBS, is used in summer sessions cosponsored by HBS and Educational Testing Service with 50 executives; moved into AMP in '63
- Associate Dean Russell Hassler resigns to become vice president of Hawaiian Electric Company
- Associate Dean Vernon Alden resigns to accept presidency of Ohio University
- Baker asks Marvin Bower (MBA '30) to head committee to study relations between alumni and HBS
- Beginning in October, Baker leads tumultuous faculty discussion of the "Planning for Change" report and the Faculty Organization Committee's report
- Benjamin Selekman dies while teaching AMP class
- Chaffee Hall takes 2-year leave to serve as director of IMEDE
- Charles Christenson takes leave to serve as Deputy for Management Systems with U.S. Air Force; later receives Exceptional Civilian Service Award
- Donald T. Clark, Baker Librarian, resigns to take post at University of California, Santa Cruz
- Due to relative lack of bequests to HBS -- up to this point, HBS has received only 12 bequests in its history -- the School's first formal bequest program is organized
- Faculty votes to accept report of Committee on Faculty Organization, which recommends ceding certain powers to HBS programs and the creation of formal subject "Areas"
- Financial retrenchments and faculty debates lead to decline in field-based research
- For the first time, an HRPBA/HBS woman graduates "with Distinction"
- Former Dean David begins effort to raise $1 million to "advance the leadership of the School"
- George Lombard becomes Associate Dean for Educational Programs, in charge of staffing courses and monitoring faculty satisfaction
- HBR reprints total 421,000 (up from 325,000 in 1957)
- HBS endowment reaches $14 million -- up from $7.6 million in 1950 -- but income from endowment only covers 14% of HBS budget
- HBS professors help Pakistan Institute of Management launch its Advanced Management Programme, modeled on HBS's AMP
- In July and August, Howard Raiffa offers faculty program in basic mathematics for application to business
- Library Policy Committee affirms mission of Baker Library, but calls for modernization of key processes
- Myles Mace becomes first "Associate Dean for External Affairs"
- New office for financial planning and control at HBS is created
- Ray Vernon begins 4-year term as first director of Harvard's Development Advisory Service
- Second-year "Seminar on Business Logistics" is first offered
- Ted Levitt publishes Marketing
- Visiting Committee membership is changed from indefinite to a six-year rotation
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