January 8, 1997

The University of Toronto's Faculty of Management is building on its vision of national

pre-eminence and international distinction in business education. A donation from Sandra

and Joseph L. Rotman of $15 million is being matched by $15 million from the University

of Toronto to create a $30 million fund in support of the business school. The primary goal

is to enhance the ability to retain and attract business professors of the highest

international calibre.

A highlight of the commitment is the establishment and endowment of six new faculty

chairs. Funds will also be used to support programs and initiatives in entrepreneurship,

globalization and technology, as well as graduate student fellowships and interdisciplinary

projects. In recognition of the Rotman's support, the Faculty of Management will be

renamed in honour of Mr. Rotman. "The Faculty of Management's vision is to become one

of the world's leading business schools," says U of T President Robert Prichard. "Joseph

Rotman shares that vision.Through this fund we will continue to attract the great minds

that will ensure this Faculty is a national resource for business and a major contributor to

enhancing Canada's international competitiveness. This effort opens a new era for

business education at the University of Toronto and for business education in Canada."

"'This investment is an unequivocal statement of support for our dynamic approach to

business education," says Dean Hugh Arnold of the Faculty of Management. "Our focus

is on balanced excellence -- outstanding research and professional programs, relevant

and innovative curricula, and a state-of-the-art learning environment. Our ability to attract

additional outstanding faculty is particularly important in today's highly competitive

recruitment environment."

U of T's Faculty of Management is well known for numerous initiatives including its

Centre for International Business, its MBA and Executive MBA as well as its executive

education programs in partnership with industry. The faculty's research strengths range

from teamwork dynamics and derivative securities to information technologies.