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A $1.25 Million Chair in Corporate

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A $1.25 Million Chair in Corporate Tuesday, May /3. /986 Published by the University of Pennsylvania Volume 32. Number 34 in Law Bilke prize for the highest grades in constitu- A $1.25 Million Chair Corporate tional law. He entered the business world after The William B. Johnson Professorship of The Board of Directors of IC Industries several years as an attorney in military and Corporate Law has been established at the Law voted unanimously last week to establish the government service, and joined IC Industries as School through a $1.25 million gift from IC chairin honor ofMr. Johnson's 20th year at the CEO in 1966. Industries in honor oftheirchairman and chief helm of the Chicago-based company, accord- "Bill Johnson has been an excellent student, executive officer, William B. Johnson, ofLaw's ing to a company spokesman. Under Mr. an exemplary lawyer, and an outstanding busi- Class of 1943. Johnson's leadership, IC Industries has grown ness leader. It greatly enhances the Law School The holder ofthe William B. Johnson chair from a $300 million railroad to a $4.5 billion to have a chair in corporatelaw dedicated in his will "teach and, through scholarly research and diversified conglomerate encompassing six honor," said Federal Court of Appeals Judge writing, contribute to the fundamental rethink- major subsidiaries with concentrations in spe- Arlin Adams, a Penn Trustee who is chairman ing of corporate law now taking place in the cialty foods, consumer services, and aerospace of the School's Board of Overseers. courts, legislatures and regulatory agencies," and defense products. Mr. Johnson is also an Overseer, and serves according to Dean Robert H. Mundheim. A The IC Industries spokesman called the on the advisory board of the Law School's national search will be conducted to find a endowed chair "an especially appropriate way Institute of Law and Economics. Dean Mund- distinguished legal scholar to be the first chair to honorJohnson's achievements in view ofthe heim said that Mr. Johnson exemplifies many holder. close and continuing ties both he and his wife, Penn law graduates in that he has built on his "At a time ofenormous ferment in corporate Mary Barb Johnson (also Law '43), maintain training in law to pursue an extraordinarily law, we are delighted that, through this gener- with the school." successful career in business: "He brings the ous gift, we have the opportunity to attract As a student, William Johnson served as judgment ofa practical businessman and ofone someone on the cutting edge ofscholarship and editor-in-chief of the University of Pennsylva- who is learned in law to bear on issues facing experience in this field," Mundheim said. nia Law Review, and won the Henry Wolfe the Law School." FISCIT: A Scholars' Summit Meeting Across Two Oceans On the eveofthe Economic Summit Confer- meeting, which took place from 8a.m. to noon, From Bedniinsier. Dr. Kleinand Mr. Meyer- ence in Tokyo this month, the FISCIT video- EST, via three transmission points-Tokyo's son, with nine U.S. analyists: Edgar R. Fiedler, computer network based at Penn brought KDD (Kokusai Denshin Daiwa) facility; Zur- vice president and Economic Counselor of The together 24 economists from the U.S., Europe ich's Eidgenossische Technische Hochschule Conference Board; Professor Jeffery Green of and Japan for afour-hour pre-summit seminar (ETH); and for the U.S., the AT&T facility at Indiana University; Executive Vice President that crossed both the Atlantic and Pacific Bedminster, N.J. For security reasons the Gilbert A. Heebner of the Core States Finan- oceans for real-time analysis ofeconomic poli- Tokyo transmission was from a site not able to cial Corporation; Professor Peter B. Kenen of cies, according to FISCIT's president, Univer- link directly with Zurich, so there was a relay of Princeton University; Senior Vice President sity Professor Martin Meyerson. Tokyo-U.S. and U.S-Zurich discussion. Charles Lieberman of the Manufacturers Han- "Almost as important as the substance ofthe Videotapes of the four-hour seminar (con- over Trust Co.; Franklin A. Lindsay, chairman seminar." he said, "was its demonstration ofthe ducted primarily in English with standby trans- of Vectron, Inc., and vice chairman of the real practicality of linking scholars on several lation) are being edited to an hour's tape for Committee for Economic Development; Pro- continents through sophisticated telecommun- educational use. To obtain a copy, members of fessor Charles Pearson of The Johns Hopkins ications technology." the University may call Professor Meyerson at University; Andre Plourde of Toronto Univer- Since last December Mr. Meyerson has been Ext. 5577. sity's Institute for Policy Analysis: and Profes- president of FISCIT (the Foundation for Inter- The conference participants included: sor Robert Williams of U.C.LA. national Exchange of Scientific and Cultural From Zurich, ETH President Heinrich Urs Information by Telecommunications), seeking prung (who is also chairman of the FISCIT to overcome the time and cost barriers of Board of Governors); Professor Peter H. Pauly exchanging information throughout the world. of Penn and the University of Hamburg; Dr. Dr. Lawrence Klein, Benjamin Franklin and Francois Meunier, Paris economist with University Professor of Economics here, drew INSEE; Dr. William Robinson of the Univer- on the existing resources of Project LINK, (continued on page 2) which he heads, toform a panel ofanalysts and INSIDE - to furnish an information base from the LINK " 30. The telecast JlO & Stouffer Appointments, p. 2 computers updated April May " Out: Awareness seven Speaking Gay Complaint; 3 thus had fresh data from the industrial Paper Chase (Cherpack), pp 2-3 nations involved in the May 4-6 Tokyo Sum- " Council Minutes 4/30/85, p. 3 mit, plus that of 72 other nations for which " Humanities Proposals Wanted, p. 3 reasonable data areavailable, Dr. Klein said. " CrimeStats, Campus Update, p. 4 The Penn Nobetist moderated the four-hour Lawrence klein Computing Resource Center's Penn Printout Summit Meeting continued from p. 1 sity of London's Business School; Kurt Schilt- knecht, vice president of Nord-Finani Bank: Professor Anna Stagni of the University of and Professor Uwe of the Bologna: Westphal 'Awareness' Falls Short Paper Chase University of Hamburg. The numerous incidents Beneath my "in" box last week I found a From Tokyo Professor Shuntaro Shishido homophobic which occurred on campus during Lesbian heartbreaking letter from a colleague in of Tsukuba former advisor University, special and Gay Awareness Week (April 4-11) are search of advice and help. Unfortunately the to the Minister of and Profes- Planning Japan; frightening and offensive to us. We are both first sheet containing the no-doubt gracious sor Chikashi Moriguchi of Kyoto and Osaka concerned for the lesbian and gay students salutation, and the final page bearing the Universities; plus I. Miyazagi of Daiwa Securi- with whom we work, and cognizant that les- signature and address, are missing. (Mistak- ties Economic Research Unit; Economists C. bian and gay faculty and staff are not enly forwarded to the Budget Committee. I fear, with the latest draft of Five Year Chandler and K. Moritsuzu of Japan Times; exempt from such harassment and my discrimination. Plan for the of the Romance M. Hayabusa of the editorial board of Asahi Capitalization We are deeply disappointed that, even Languages by 1990 -a phased program Shimbun and S. Miyaji of the editorial board after Council, based almost on the of a of Nikkei. being prompted by University entirely operation the administration was so slow to respond. food truck that will dispense French toast. We are appalled that the statement finally Spanish omelets, and pasta salad). issued (Almanac April 22) was so weak. The 1 turn to Speaking Out in the hope that single reference in the statement to gay and the writer will recognize this central fragment lesbian individuals and to the homophobic and communicate with me again. The surviv- incidents which occurred on campus is an ing portion reads: indirect one (citing the University Council if not the end of civilization as we know it, proposal calling for the statement). The bal- whichever comes first. ance of the statement is general and The crisis is, will have the platitudinous. you anticipated, one that is in the offices and cloak- Decency and courtesy should preclude raging rooms of the liberal arts sector of the Univer- behavior such as occurred on campus during (the members of the who Connie Goodman JIO Karl Otto. Housemaster Lesbian and Gay Awareness Week: sity only University teach in cloakrooms -a to this moreover, several sections of University Pol- slight jeopardy tidy compartmentalization having been re- Stouffer Dr. Otto icy prohibit it. We have the right to expect the administration on its own initiative to solved by declaring the Geology department Dr. Karl F. Otto. Jr., whojoined the University an Liberal Art), condemn such behavior quickly and deci- Honorary namely: last year as professor of Germanics, has been The new sively. The April 22 statement falls far short stationery. named Faculty Master of Stouffer College House. What or not be a was of this expectation. may may complaint He succeeds Dr. Marion Oliver, the vice dean and raised by Professor Alvin Rubinstein in a -Robert Schoenberg, for Lesbian and Gay director of Wharton Undergraduate Division, recent Speaking Out letter: but his penchant Staffand Faculty Association who has just completed three years as master at for courtly circumlocution led him to such Stouffer House. phrases as "a public relations gaffe of monu- Dr. Otto, chairman of undergraduate studies in mental ... taste- Ed. Note: The formal statement was received proportions incomparable the German department, has been a Pappas Fel- lessness the whim of self-indulgent admin- Almanac on Monday.
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