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COLUMBIA BUSINESS SCHOOL AWARDS BOTWINICK PRIZE IN BUSINESS ETHICS TO MURIEL SIEBERT

 COLUMBIA BUSINESS SCHOOL AWARDS BOTWINICK PRIZE
 IN BUSINESS ETHICS TO MURIEL SIEBERT
 NEW YORK, June 18 /PRNewswire/ -- Columbia Business School today awarded the Benjamin Botwinick Prize in Business Ethics to Wall Street pioneer Muriel Siebert, chairwoman and chief executive officer of Muriel Siebert & Co., Inc.
 Professor Meyer Feldberg, dean of Columbia Business School, said the award recognizes the Siebert Entrepreneurial Philanthropic Plan (SEPP), a unique program of sharing selling commissions on new securities underwritings with charities across the United States.
 The program was implemented in late 1990 to share profits from opportunities Siebert's firm received because of its status as a Women's Business Enterprise; Siebert now gives half her commissions on all new underwritings, minus clearing costs, to charities in the cities where she does business.
 "SEPP is an extraordinary and innovative approach to building social responsibility into the overall ethic of a company," Feldberg said. "In making the decision to ensure that her success will make a difference to the community at large, Ms. Siebert demonstrated the quality of individual initiative and caring that the award seeks to honor."
 Siebert said, "The secret to making a difference is to take stands, take risks, take responsibility -- and care deeply about how America's big institutions affect the lives of individual people."
 Known as the "first woman of finance," Siebert became the first woman member of the New York Stock Exchange 25 years ago.
 She was the first woman to head an NYSE member firm, and the first woman Superintendent of Banks for New York State.
 "I have always felt that with success comes obligation," Siebert said. "Society's needs in the 1990s seem overwhelming. However, with a great deal of hard work and a little luck, I feel that my SEPP program can make a difference.
 "Being recognized by Columbia Business School for this program, and receiving the Botwinick Prize in Business Ethics, is one of the proudest moments of my career," she said.
 A 1989 gift from Benjamin Botwinick, a 1926 graduate of Columbia Business School, established the annual award and fellowship program in business ethics. The award is presented each year to an individual or a representative of a business organization exemplifying the highest standard of professional and ethical conduct.
 The winner is selected by a jury of Columbia Business School faculty members and administrators. Each year, in connection with the prize, a fellowship is awarded to a Business School student chosen for academic achievement, potential for leadership and concern for the ethical dimensions of business conduct.
 Buford C. Kelly Jr., a student of finance and international business, is this year's recipient of the fellowship, which is given jointly in the name of Botwinick and Siebert. Kelly is from Tallahassee, Fla.
 -0- 6/18/92
 /CONTACT: MeeLin Sit of Creamer Dickson Basford, 212-887-8667, for Muriel Siebert & Co.; or Richard Laermer of Columbia Business School, 212-854-4622/ CO: Muriel Siebert & Co., Inc.; Columbia Business School ST: New York, Florida IN: FIN SU:


GK-LR -- NY004 -- 1372 06/18/92 09:01 EDT
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Date:Jun 18, 1992
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