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C.D. "Dick" Spangler, HBS 1956, has been a successful entrepreneur in several industries, including construction, a chain of motels, and banking. He also has a large investment in RJR Nabisco. From 1986 to 1997, he served as president of his alma mater, the University of North Carolina. Today he manages a diverse portfolio of investments, philanthropic donations, and is head of National Gypsum, a manufacturer and worldwide supplier of gypsum wallboard and joint treatment compounds for building and construction. He described his experiences as an entrepreneur in a video interview at HBS in July 2001.