For Immediate Release: June 7, 2007

Contacts:	Jennifer Centra, jcentra@hbs.edu, (617) 495-6155

HARVARD BUSINESS SCHOOL CELEBRATES 97TH COMMENCEMENT

BOSTON - Harvard Business School (HBS) held its 97th Commencement exercises today on its Boston campus. The Class of 2007 included 900 MBA candidates from more than 70 countries. In conjunction with the Harvard Graduate School of Arts and Sciences, HBS also awarded 12 Ph.D. degrees -- seven specializing in business economics, two each in the fields of health policy and organizational behavior, and one in informational technology management. Five students were awarded doctorates in business administration.

The top five percent of the MBA Class (46 graduates) left HBS with high distinction as Baker Scholars, named after the School's first benefactor, George F. Baker. Fifty-three students received their diplomas with distinction.

As part of the Class Day ceremony, the Class also honored four faculty members for excellence in teaching: Professor David Moss (who teaches Business, Government & the International Economy in the first-year required curriculum), Professor Andre Perold (Finance in the required curriculum), Professor Bharat Anand (Corporate Strategy in the second-year elective curriculum), and Associate Professor Youngme Moon (Consumer Marketing in the elective curriculum).

American Express chairman and CEO Kenneth Chenault was the Distinguished Speaker at yesterday's Class Day exercises. He spoke to graduates about the values of leadership in the world today. Student speaker Paul Hunyor reflected on his years as a degree candidate at both Harvard Business School and the Kennedy School of Government.

Early employment figures indicate that the Class has done well in the job market. Nearly 95 percent of them had received a job offer by graduation day.