CONTACT: GEORGE MCCRORY
100 Old Public Library
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: April 13, 2000
Forsythe named Leonard A. Hadley Chair in Leadership
IOWA CITY, Iowa -- Economics Professor Robert Forsythe has been selected
Leonard A. Hadley Chair in Leadership in the University of Iowa Henry B. Tippie
College of Business.
The Chair, endowed by the Maytag Corporation, honors UI alumnus and former
Maytag Corporation CEO Leonard A. Hadley. It provides support for a UI business
faculty member who has exhibited outstanding leadership in a major discipline
or functional area of business. Earnings from the endowment, which was given
to the college though the UI Foundation, will provide support for Forsythe's
research, teaching and other professional leadership activities.
Forsythe is senior associate dean in the Tippie College of Business and
is a co-founder of the Iowa Electronic Markets, real-money futures markets
in which contract payoffs depend on economic and political events such as
"As senior associate dean, Professor Forsythe is a leader in serving
the interests of our faculty, and he also been a leader in research and teaching,"
said Gary Fethke, dean of the Tippie College of Business. "Along with
his colleagues, he developed the Iowa Electronic Markets (IEM), a unique web-based
tool that both teaches students how markets operate, and functions as a research
tool to study investor behavior."
Maytag endowed the chair position in Hadley's honor in August 1999, after
he retired as chairman and CEO of Maytag. Hadley had enjoyed a 40-year career
with the home and commercial appliance manufacturer based in Newton, Iowa.
Hadley received an accounting degree from the UI in 1958 and later studied
law there. He serves on the Board of Visitors at the Tippie College of Business
and is a member of the UI Foundation board of directors.
Forsythe, who joined the college in 1981, has a Ph.D. in economics from
Carnegie-Mellon University, M.S. degrees in economics and statistics from
Carnegie-Mellon, and a B.S. in quantitative business analysis from Pennsylvania