Doctor of Humane Letters
A legendary Wall Street bond expert, you signed on as the college's professional
investment manager in 1979, and have stayed onpro bonoas a Trustee
and head of our Board's Investment Committee since 1988. Though a Harvard graduate,
you were coaxed into our orbit by Amherst graduate and trustee Ted Cross, who
had already rescued Amherst's endowment from the doldrums. Your leadership has
led to a greatly diversified portfolio that allowed the funds to take advantage
of what was perhaps a once-in-a-lifetime opportunity in recent years.
Born in Hungary in 1944, you escaped from that country as a boy after the disastrous
1956 revolution, finding your way to the top of your profession here in the U.S.
as vice chairman of Morgan Stanley.
Thoughtful and self-effacing, but thoroughly opinionated, you have an ongoing
commitment to education, often arriving early for Investment Committee meetings
so that you can sit in on regular classes. You have expressed a deep affection
for Amherst, calling it "a college you can get your arms around." Your
wife Pat has continued her education too, working toward a Ph.D. in botany, and
becoming a specialist in the therapeutic, anti-oxidant properties of plants. Indeed,
education is a primary commitment within your family, as exemplified by your and
Pat's participation on the boards of many educational institutions. Your own fine
education was made possible by scholarships, and you have returned the favor by
giving scholarship money to the institutions you support.
As the concerned parent of an Amherst student, you sparked the welcome move to
bring Amherst's dormitories into the 21st century.
Today, as you see your daughter Meghan graduate, we honor you as wellfor
your warm friendship, for your generosity to a college you never officially attended,
and for helping Amherst to sustain a level of financial strength that matches
our educational excellence.
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