Haas School of Business
 
Passing the Baton

PASSING THE BATON

Faculty Leadership Fund allows next dean to compete for top faculty talent

During his final year as dean of Berkeley Haas, Rich Lyons, BS 82, voiced a hope for his successor: a dean’s discretionary fund for recruiting and retaining up-and-coming faculty. The need is pressing. Peer business schools can offer faculty six-figure annual budgets for research. The fund Dean Lyons envisioned would allow Haas to remain competitive, promote new innovative thinking, and incentivize multidisciplinary activities.

Upon hearing this, the Haas School Board began a peer-led campaign to bring the fund to fruition. Thanks to the hard work of committee members Tony Chan, BS 74; Ted Janus, BA 83, MBA 94; Constance Moore, MBA 80; Jerry Weintraub, BS 80, MBA 88; and Brett Wilson, MBA 07, the board achieved 100 percent participation and raised $2 million in gifts and pledges for the Dean Lyons Faculty Leadership Fund to help recruit, retain, and develop a new generation of early and mid-career faculty leaders. The fund also garnered support from alumni, students, faculty, and friends of Haas during Lyons’ Berkeley Leader: Live! international tour.

“I felt inspired because Rich is doing what he preaches with the four Defining Leadership Principles. This is so Beyond Yourself,” says board member Chan, the owner and general partner of Worldco. “The fact that it was relatively easy to raise this money shows how important board members feel this initiative is. We really applaud Rich Lyons for thinking of this as a way for the next Haas leader to get a head start.”

Photo above: Rich Lyons, BS 82, found numerous opportunities to serenade crowds as dean, especially during his final year. He also articulated an important fundraising initiative: a discretionary fund for his successor to recruit and retain early and mid-career faculty. The Haas School Board responded with 100 percent participation and $2 million in gifts and pledges for the Dean Lyons Faculty Leadership Fund.