Spring Break
Perlmutter family donates $5M to IBS
by Miranda Neubauer
Senior Writer
News | 10/7/08
Posted online at 5:25 AM EST on 10/7/08
University Trustee Louis Perlmutter '56 and his wife, Barbara Perlmutter, donated $5 million to establish an Institute for Global Business Leadership at the International Business School to prepare students for leadership roles in companies and governments around the world, the University announced last Wednesday.
International Business School Dean Bruce Magid explained that global business leadership is about preparing someone to be a leader who is comfortable operating in the global marketplace and understands different cultural values and different regulatory, business and economic environments.
Magid said the new institute is "deepening and broadening" what IBS already offers, in terms of global finance and global entrepreneurship.
"For some time, I have felt that it was important for business schools who are trying to prepare graduates to face the challenges in the global marketplace [to offer] those students an in-depth look at not only financial markets which dominate the global economy … but also on the global corporations that also have a major impact on the operators of the global economy," Perlmutter said.
Magid said MBA students at the IBS who want a more specialized focus in global business leadership can take a specific set of courses offered through the Institute and all MBA students in IBS can apply for summer research money to study business leadership overseas at IBS' 19 foreign partner universities. IBS will initially offer four fellowships of $10,000 each.
Magid said there will be about four to six classes available through the new center for graduate students, with the possibility of courses for undergraduates following after the program is started. With the funding from the Perlmutters, IBS is seeking to secure new faculty to teach the courses, in addition to existing faculty.
Perlmutter said IBS' longtime global focus was an important consideration for him in deciding to create the new Institute at Brandeis. He said that because Brandeis is a young university, it is more flexible in terms of establishing new institutes in order to meet the needs of a changing society.
International Business School Dean Bruce Magid explained that global business leadership is about preparing someone to be a leader who is comfortable operating in the global marketplace and understands different cultural values and different regulatory, business and economic environments.
Magid said the new institute is "deepening and broadening" what IBS already offers, in terms of global finance and global entrepreneurship.
"For some time, I have felt that it was important for business schools who are trying to prepare graduates to face the challenges in the global marketplace [to offer] those students an in-depth look at not only financial markets which dominate the global economy … but also on the global corporations that also have a major impact on the operators of the global economy," Perlmutter said.
Magid said MBA students at the IBS who want a more specialized focus in global business leadership can take a specific set of courses offered through the Institute and all MBA students in IBS can apply for summer research money to study business leadership overseas at IBS' 19 foreign partner universities. IBS will initially offer four fellowships of $10,000 each.
Magid said there will be about four to six classes available through the new center for graduate students, with the possibility of courses for undergraduates following after the program is started. With the funding from the Perlmutters, IBS is seeking to secure new faculty to teach the courses, in addition to existing faculty.
Perlmutter said IBS' longtime global focus was an important consideration for him in deciding to create the new Institute at Brandeis. He said that because Brandeis is a young university, it is more flexible in terms of establishing new institutes in order to meet the needs of a changing society.
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