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Recruiting Creativity Stanford B-School Receives $105 Million Philip H. Knight, founder and chairman of Nike Inc., will give $105 million to the Graduate School of Business at Stanford University in California. Knight received his MBA from Stanford in 1962. A small part of the gift, $5 mil- lion, will be used to match other donors' gifts for faculty endowment. The remaining $100 million will go toward constructing a new $275 mil- lion campus for the business school, to be named the Knight Manage- ment Center. The center, slated to break ground in 2008, will consist of eight buildings set around three quadrangles on the Stanford campus. The Knight Management Center design will include more flexible class- room space for the greater number of small classes and seminars the school will offer as it implements a sweep- ing redesign of its MBA curriculum. The new campus is also designed to support more interaction among uni- versity faculty and students as it will include facilities for cross-disciplinary classes and lectures. When completed, the center will comprise approximately 340,000 square feet. New Center for Governance The Yale School of Management in New Haven, Connecticut, has has opened its Yale Center for Corporate Governance and Performance with the receipt of $20 million in gifts and commitments from individual and corporate donors. The center's direc- tor will be Ira M. Millstein, a senior Looking for innovative students to enroll in the business school? You're not alone. The Smurfit School of Business at University College Dublin in Ireland is launching a new MBA scholarship for applicants who can demonstrate a capacity for creativity in business. Prospective candidates will be asked to highlight the best idea they ever had for a busi- ness and how it will impact the next generation. partner at the international law firm Weil, Gotshal & Manges, and senior associate dean for corporate gover- nance at Yale SOM. Among the donations that made the center possible was $10 million from alumnus David Nierenberg and his wife, Patricia, which represents the single largest gift in the history of the Yale School of Management. The gift will support the David Nie- renberg Fund for Corporate Gov- ernance and Performance, and the Theodore Nierenberg Professorship in Corporate Governance. Fuqua Seeks Renewal Duke University's Fuqua School of Business, Durham, North Carolina, is doing its part to help the environment. The school has committed to pur- chasing renewable energy certifi- cates to offset 100 percent of its electricity usage. Renewable energy certificates are credits that indi- viduals or institutions can buy to compensate for the amount of non- renewable, greenhouse gas-emitting fossil fuels—such as coal, oil, and natural gas—used in their vehicles, homes, offices, or other facilities. Buying the certificates helps sub- sidize the cost for a wind farm, solar farm, or other renewable energy producer to generate an equivalent amount of clean energy and put it back into the national power grid. "Creativity in business can be defined as seeing what isn't there and making it hap- pen," says Nick Barniville, director of the MBA program. "We want to see people with ideas for the future coming on to our program, which aims to build the skills and confi- dence to run these ideas as successful ven- tures." One MBA candidate will receive the scholarship in September. The financial award of q15,000 (about $18,800 U.S. dollars) is nearly two thirds of the full MBA tuition fees. While Fuqua will not actually change its source of electricity, the school's purchase of renewable energy credits, which began over the summer, will help support the use of alternative energy sources in areas where they are more widely available. Fuqua will purchase its renewable energy certificates through a larger agreement that Duke has established with Sterling Planet, a company that works with businesses to offset their conventional energy use with renew- able energy. The purchase was pro- posed and organized by members of Fuqua's student government and Energy Club. Partners in HR Management The Society for Human Resource Manage- ment (SHRM) and AACSB Interna- tional have formed a global alliance to help raise the profile of the study of human resources. The organiza- tions are promoting the idea that such a course of study is an essential strategy for building strong organi- zations—and that it is best pursued within the context of a collegiate business school. "HR is a significant part of overall business success, yet it is sometimes overlooked by business schools," says Susan R. Meisinger, president and chief executive officer of SHRM, the world's largest asso- BizEd SEPTEMBER/OCTOBER 2006 9