For Immediate Release: October 3, 2006
Contact:  Jim Aisner, jaisner@hbs.edu, (617) 495-6157

HARVARD BUSINESS SCHOOL HONORS FOUR OUTSTANDING GRADUATES

Annual Alumni Achievement Awards recognize excellence, integrity, and leadership in business and society

BOSTON - At a special ceremony today before some 900 MBA students, faculty, and staff, Harvard Business School Dean Jay Light conferred the School’s highest honor, the Alumni Achievement Award, on four outstanding graduates whose lives and careers epitomize the School’s mission to “educate leaders who make a difference in the world.”

This year’s honorees are:

• Sir Ronald M. Cohen (MBA 1969), chairman of Great Britain’s Social Investment Task Force, Bridges Community Ventures, and The Portland Trust, and cofounder and former chairman of the venture capital and private equity firm of Apax Partners L.P.
• William H. Donaldson (MBA 1958), cofounder and former chairman and CEO of the investment banking firm of Donaldson, Lufkin & Jenrette; founding dean of the Yale School of Management; former chairman and CEO of the New York Stock Exchange; and former chairman of the U.S. Securities and Exchange Commission.
• Ann S. Moore (MBA 1978), chairman and CEO of Time Inc.
• Philip L. Yeo (MBA 1976), chairman of Singapore’s Agency for Science, Technology & Research (A*Star) and former chairman of his country’s Economic Development Board.

Regarded as the father of the European venture capital industry, Sir Ronald Cohen helped lead Apax Partners to a prominent place in the financial world. Last year, he stepped down from his management responsibilities to devote all his efforts to social investing in the United Kingdom and the Middle East. “Those who have had a successful career are obligated to give something back to society,” he says.

2006 Alumni Achievement Award Winners L-R: Sir Ronald M. Cohen, Philip L. Yeo, Ann S. Moore, William H. Donaldson Photo: Stuart Cahill

Following an entrepreneurial bent that began when he was a boy, Bill Donaldson went on to cofound DLJ with two other HBS alumni, Dan Lufkin and Dick Jenrette. After fourteen years at the bank, he began to take on a series of other leadership challenges in business, government, and academia. Most recently, as chairman of the SEC, he oversaw reforms during one of the most turbulent periods in the history of corporate America.

There was one reason why Ann Moore took the lowest paying job of the many she was offered after receiving her Harvard MBA. She has a passion for magazines. She has remained with Time Inc., one of the world’s legendary companies, for almost thirty years, holding key positions at publications such as Fortune, Sports Illustrated, and People. Named to the top spot in 2002, she now has the office once occupied by Time magazine cofounder Henry R. Luce.

As the overseer of Singapore’s economic direction for many years, Philip Yeo moved his country’s attention from televisions to disk drives to petrochemicals. But the focus of his attention these days is a multibillion-dollar effort to make Singapore one of the world leaders in biomedical sciences. While doing all he can to promote homegrown talent, he is also making a Herculean effort to attract the world’s best minds.

The presentation of the Alumni Achievement Awards has been an annual HBS tradition since 1968. “These awards recognize an extraordinary group of graduates who embody the highest standards of accomplishment and integrity,” Dean Light said in his introductory remarks at the ceremony. “The recipients have all contributed immeasurably to their profession, their industry, and their community. They personify what this School stands for. They inspire all those who aspire to have an impact on both business and society.”

About Harvard Business School
Founded in 1908 as part of Harvard University, Harvard Business School (www.hbs.edu) is located in Boston and offers full-time programs leading to the MBA and doctoral degrees, as well as more than 40 Executive Education programs. With a faculty of more than 200 distinguished scholars, the School is dedicated to educating leaders who make a difference in the world. Its core focus is to shape the practice of business, build enduring knowledge, and effectively communicate important ideas. Harvard Business School is the world’s largest producer of business cases, a method of teaching pioneered by the School in the 1920s.