Governor Joins Johns Hopkins Celebration Honoring William P. Carey
Carey Business School Dedicated, First Dean Installed
BALTIMORE, MD (April 24, 2008) – Governor Martin O’Malley joined a crowd of Johns Hopkins University faculty and donors tonight to celebrate the dedication of the Carey Business School and to honor the man whose $50 million gift helped build the new school that bears his family's name. During the event, Governor O’Malley praised Johns Hopkins faculty and leadership for their social and academic vision and reiterated his mission to grow Maryland’s economy by expanding education, improving the State’s workforce and creating jobs. The event was a prelude to Friday's installation of the School’s first Dean, Dr. Yash Gupta.
“I am very honored to help dedicate Maryland’s newest world-class educational institution, where a unique and rigorous educational experience will help prepare the next generation of entrepreneurs and corporate visionaries,” said Governor Martin O’Malley. “I salute William Carey for his vision and for his significant gift to the Hopkins community and the State of Maryland.”
The Carey Business School brings the intellectual rigor and commitment to excellence that is a hallmark of The Johns Hopkins University to the field of business education, and true to the traditions of the University in which it resides, its approach will be original and transformative. The School will bring a uniquely humanistic, integrated perspective to business education and research. By uniting pivotal social issues — including health, education, and environmental sustainability — with business education, the Johns Hopkins University Carey Business School will strive to improve lives on a global scale.
“More than a century ago, Johns Hopkins University forever broke the mold in American medical and graduate education, establishing revolutionary new approaches that remain central even today to the preparation of physicians and scholars,” said William R. Brody, president of the university. “Bill Carey's generosity makes it possible for Johns Hopkins to break the mold again, this time in the education of our nation's leaders in finance, industry and entrepreneurship.”
In the great tradition of The Johns Hopkins University, The Carey Business School will produce leaders grounded in ethical principles and committed to building strong communities. It will do so with a sense of optimism, a belief that innovation begins with critical thinking and creativity, and an unflinching desire to make a difference in the world.
ABOUT THE CAREY BUSINESS SCHOOL
- The Carey Business School was launched Jan. 1, 2007 on the strength of a $50 million gift from trustee emeritus William Polk Carey through his W. P. Carey Foundation.
- Yash P. Gupta, an innovative educator who has led three prominent business schools, most recently serving as the dean of the University of Southern California's Marshall School of Business from 2004 to 2006 is the inaugural dean for The Carey Business School.
- The Carey Business School is being built on a tradition of business education at the university that dates to 1916. Johns Hopkins began offering the MBA degree in 1999.
- Prior to 2007 the school was connected to the School of Education and was known as the School for Professional Studies in Business and Education (SPSBE), and from 1985to 1999 the school was known as the School of Continuing Studies. Prior to 1985 the school was also known as The Evening College and Summer Session (from 1965-1985) as well as McCoy College (1946-1965). Each change signifies the growth of the programs and changes to the curriculum and degrees/certificates offered.
- The Carey Business School has four centers: Baltimore Downtown Center, Columbia Center, Montgomery County Center and the Washington, DC Center.
ABOUT WILLIAM P. CAREY
- William Polk Carey is the Chairman and Founder of W. P. Carey & Co. LLC (NYSE:WPC), a leading real estate investment banking firm headquartered in New York City.
- Mr. Carey began his career in international corporate finance in 1959 and brought the first foreign direct investment into Australia in 1960. He moved into the net leasing of corporate real estate in 1964 as Chairman of the Executive Committee of Hubbard, Westervelt & Mottelay (now Merrill Lynch Hubbard). Before starting W. P. Carey & Co. in 1973, he served as Head of Real Estate and Equipment Financing at Loeb, Rhoades & Co. (now part of Lehman Brothers) and Vice Chairman and Director of Corporate Finance of duPont Glore Forgan Inc.
- W. P. Carey & Co. LLC has evolved into the world's largest publicly traded limited liability company and currently owns and/or manages more than 700 commercial and industrial properties in 13 countries, representing more than 93 million square feet, valued at approximately $8 billion.
- Mr. Carey's $50 million donation, paired with $50 million to be raised by the university, is the largest gift ever in support of business education at Johns Hopkins.
- The new school is named for his great great great grandfather, James Carey of Loudon, a prominent Baltimore businessman of the 18th and 19th centuries.
- Mr. Carey is also active with other educational and philanthropic institutions throughout the world. Mr. Carey’s grandmother Anne Galbraith Carey with assistance from Dr. Daniel Coit Gilman (Hopkins first President) founded the Gilman School on the Hopkins Homewood campus in 1897.
