{"134491":{"#nid":"134491","#data":{"type":"news","title":"Introducing Georgia Tech\u0027s Scheller College of Business","body":[{"value":"\u003Cp\u003EThe Georgia Institute of Technology has announced a transformational gift from an alumnus that has resulted in the renaming of the Institute\u2019s former College of Management.\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003C\/p\u003E\u003Cp\u003EErnest \u201cErnie\u201d Scheller Jr., a 1952 Industrial Management graduate of Georgia Tech, has made a commitment totaling $50 million, a majority of which has been fulfilled. The gift has already begun to dramatically strengthen the College\u2019s faculty, student body, and academic programs. When completed in 2013, it will amount to the single largest cash gift in Institute history.\u003C\/p\u003E\u003Cp\u003EIn all, Scheller\u2019s gift\u2014along with others inspired to participate in a corresponding dollar-for-dollar challenge\u2014will more than double the College\u2019s endowment.\u003C\/p\u003E\u003Cp\u003EIn recognition of and appreciation for the dramatic impact that Scheller\u2019s generosity and leadership have had and will continue to have for many years to come, the College of Management has been renamed the Ernest Scheller Jr. College of Business.\u003C\/p\u003E\u003Cp\u003E\u201cErnie Scheller\u2019s generosity has not only had an immediate impact on the College via the dollar-for-dollar challenge, but that impact will also continue far into the future,\u201d said College of Business Dean Steve Salbu. \u201cWe\u2019ve used this gift to bring our PhD program up to a truly global standard, and to grow the size and quality of our faculty during a time when our budgets were cut and our competition was retrenching. Adding nine endowed faculty chairs and professorships, 37 undergraduate scholarships and six graduate fellowships is transformational in and of itself as it dramatically enhances the College\u2019s ability to attract top talent.\u201d\u003C\/p\u003E\u003Cp\u003EAn additional component of Scheller\u2019s commitment is a dean\u2019s discretionary endowment, which Salbu says \u201cwill give us a real boost when it comes to taking advantage of opportunities as they arise. This endowment will be available for me and for every dean who follows me in perpetuity. This is a transformational gift that will allow the College\u2014which has gone from being a very strong regional player to being a competitor within the big leagues of business schools\u2014to take and firmly keep our place in that competitive arena.\u201d\u003C\/p\u003E\u003Cp\u003EIn addition to supporting facilities and endowment, Scheller\u2019s previous gifts to the College of Business have established a scholarship and a faculty chair focused on innovation, entrepreneurship, and commercialization.\u003C\/p\u003E\u003Cp\u003EScheller is chairman emeritus of Pennsylvania-based Silberline Manufacturing Inc., a company his father founded in the 1940s that is today a key global supplier of high-quality pigments\u2014primarily to the automobile industry\u2014that tremendously enhance the visual appeal of coatings, paints, inks, plastics, and textiles.\u003C\/p\u003E\u003Cp\u003E\u201cErnie Scheller has a distinguished track record of success in leading and growing one of the top family-owned businesses in the country,\u201d said Georgia Tech President G. P. \u201cBud\u201d Peterson. \u201cErnie rightfully takes great pride in building upon his father\u2019s legacy and passing on the fruits of his labors to succeeding generations. While his generosity has had an unprecedented impact on our College of Business, I believe that impact will ultimately inspire the larger Georgia Tech community to continue boldly envisioning a future of globally renowned excellence and quality.\u201d\u003C\/p\u003E\u003Cp\u003E\u201cGeorgia Tech taught me the importance of perseverance and persistence,\u201d said Scheller. \u201cOver the years, I\u2019ve applied those same principles to my support of Georgia Tech and its College of Business. In order to build a College that will rank among the world\u2019s best business programs, you\u2019ve got to have great leadership, a broad-based vision, and a lot of determination. The College has been fortunate these past six years to enjoy such leadership under Dean Steve Salbu. By any barometer you could choose, the College has improved dramatically during Steve\u2019s tenure. I have never been more optimistic about the future of Georgia Tech and its College of Business, and I am eager to see the great things that will happen there in the coming years.\u201d\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp align=\u0022center\u0022\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":[{"value":"Transformational gift positions College for global prominence"}],"field_summary":[{"value":"\u003Cp\u003EThe Georgia Institute of Technology has announced a transformational gift from an alumnus that has resulted in the renaming of the Institute\u2019s former College of Management. \u0026nbsp;Ernest \u201cErnie\u201d Scheller Jr., a 1952 Industrial Management graduate of Georgia Tech, has made a commitment totaling $50 million, a majority of which has been fulfilled. The gift has already begun to dramatically strengthen the College\u2019s faculty, student body, and academic programs. When completed in 2013, it will amount to the single largest cash gift in Institute history.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"Georgia Tech has announced a transformational gift from an alumnus that has resulted in the renaming of the Institute\u2019s former College of Management."}],"uid":"27281","created_gmt":"2012-06-11 06:43:45","changed_gmt":"2016-10-08 03:12:22","author":"Lisa Grovenstein","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2012-06-11T00:00:00-04:00","iso_date":"2012-06-11T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"134501":{"id":"134501","type":"image","title":"Ernest \u201cErnie\u201d Scheller Jr.","body":null,"created":"1449178671","gmt_created":"2015-12-03 21:37:51","changed":"1475894763","gmt_changed":"2016-10-08 02:46:03","alt":"Ernest \u201cErnie\u201d Scheller Jr.","file":{"fid":"194767","name":"scheller.jpeg","image_path":"\/sites\/default\/files\/images\/scheller_0.jpeg","image_full_path":"http:\/\/www.tlwarc.hg.gatech.edu\/\/sites\/default\/files\/images\/scheller_0.jpeg","mime":"image\/jpeg","size":3528272,"path_740":"http:\/\/www.tlwarc.hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/scheller_0.jpeg?itok=N_ZrlRL4"}}},"media_ids":["134501"],"groups":[{"id":"1214","name":"News Room"}],"categories":[{"id":"129","name":"Institute and Campus"}],"keywords":[{"id":"35531","name":"$50 million"},{"id":"35511","name":"College of Business"},{"id":"35541","name":"Ernest Scheller Jr. College of Business"},{"id":"168019","name":"Scheller"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003E\u003Cstrong\u003EGeorgia Tech Media Relations\u003C\/strong\u003E\u003Cbr \/\u003ELaura Diamond\u003Cbr \/\u003E\u003Ca href=\u0022mailto:laura.diamond@comm.gatech.edu\u0022\u003Elaura.diamond@comm.gatech.edu\u003C\/a\u003E\u003Cbr \/\u003E404-894-6016\u003Cbr \/\u003EJason Maderer\u003Cbr \/\u003E\u003Ca href=\u0022mailto:maderer@gatech.edu\u0022\u003Emaderer@gatech.edu\u003C\/a\u003E\u003Cbr \/\u003E404-660-2926\u003C\/p\u003E","format":"limited_html"}],"email":["lisa.grovenstein@comm.gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}