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Archive for Tuesday, September 28, 1993

PLEDGES TO ENABLE KU ETHICS PROGRAMS

September 28, 1993

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Professors Richard DeGeorge and Joseph Reitz will use $200,000 donated to Kansas University to show students ethical business is good business.

"Young people today -- who are tomorrow's managers, customers, vendors, regulators and legislators -- are extremely skeptical that business is conducted with integrity," said Reitz, professor of business.

Reitz and DeGeorge, professor of philosophy and Russian and East European studies, are co-directors of KU's International Center for Ethics in Business.

"There are many opportunities for the center to serve as a catalyst for business initiatives in the area of ethics," DeGeorge said.

KU Endowment Association officials today announced that Elizabeth Sutton, widow of the late Walter Sutton, Prairie Village, pledged $100,000 for the center's Sutton Ethics Lectureship Fund.

Mr. Sutton graduated from KU's business school in 1939. He worked for Peat, Marwick, Mitchell for nearly 30 years. He died in 1985.

The KPMG Peat Marwick Foundation established a KU doctoral scholarship in accounting in Sutton's honor last year.

In addition, KUEA announced today that Patricia and Charles Garney of Kansas City, Mo., pledged $100,000 for the ethics center.

Mr. Garney, a 1953 KU business graduate, is founder and chairman of Garney Companies, a heavy utility construction company based in Kansas City, Mo.

Joseph Bauman, dean of KU's business school, said the Garney and Sutton families were proof that people could conduct business ethically and achieve success.

He said their financial support is essential to the ethics center, established in 1991 as a joint effort the School of Business and the College of Liberal Arts and Sciences.

"This center greatly enhances our ability to encourage research on ethics in business and to incorporate the results of this research into what we teach our students," Bauman said.

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