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A-B donates $2M to Olin business school.

A-B donates $2M to Olin business school

The Anheuser-Busch Foundation announced the donation of $2 million to Washington University's John Olin School of Business. The contribution will be used to establish an endowment to create the August A. Busch, Jr. Distinguished Professor of Marketing Chair.

The chair is established to recognize the many accomplishment of the honorary chairman of the board of Anheuser-Busch, Inc. During his 29-year tenure as A-B's chief executive officer, the company experienced major expansion and achievement.

Russell Ackoff, professor emeritus of management at the University of Pennsylvania's Wharton School of Business, will be the first to hold the chair. Ackoff, who will hold the chair as a visiting professor, is nationally known for his pioneering efforts in management science.

Ackoff has also served as consultant in marketing and strategic planning for many of America's top corporations, including Aluminum Company of America; Anheuser-Busch, Inc.; and the General Electric Co.

"We are delighted to receive Anheuser-Busch's support for a marketing chair," said William Danforth, chancellor, Washington University. "Anheuser-Busch has always been a great supporter of the school, and the company's continued assistance is greatly appreciated by the University."

Robert Virgil, dean, business school, added that "with the help of Anheuser-Busch, one of America's most effective marketing companies, we will vastly improve our marketing expertise."
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Title Annotation:Anheuser-Busch Foundation Inc., John Olin School of Business, Washington University
Publication:Modern Brewery Age
Date:Sep 11, 1989
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