Le Moyne College has renamed its Madden School of Business, which is now the Madden College of Business & Economics. The school held a formal-opening ceremony on Oct. 4. The business school is named for Michael (Mike) Madden, Le Moyne College class of 1971, who gave the college a $7 million gift in 2012. In this photo, Madden is addressing the gathering outside Mitchell Hall. Madden is managing partner of Bloomfield Hills, Mich.–based BlackEagle Partners, LLC. (Photo credit: Le Moyne College)
SYRACUSE, N.Y. — Le Moyne College says its Madden School of Business is now called the Madden College of Business & Economics.
The school held a formal-opening event on Wednesday at Mitchell Hall that included the unveiling of new signage on the building and a redesigned lobby, per the Le Moyne announcement.
Le Moyne’s Mitchell Hall is home to the Madden College of Business & Economics.
The event also included the announcement of a new endowed professorship in economics. The Madden School became the first named school in Le Moyne’s history 11 years ago.
The college went on to say that adding economics — which was originally part of Le Moyne’s business program — “represents a strategic realignment that will allow for more collaboration and exchange” between students and faculty in economics, other business fields, and the College of Arts and Sciences.
Le Moyne will continue offering the current bachelor’s degrees in economics, but it’s also adding a new major for a bachelor’s degree in business administration: economics.
The school cited state and federal labor statistics as indicating positions for economists will continue to grow 6 percent through the current decade. Renaming the business school will “raise the profile” of economics for prospective and current students; alumni and benefactors who support the discipline; and also “elevate” economics for the purpose of recruiting faculty.
It will also allow Madden students to major in economics or pursue dual majors in economics and finance or other combinations, Le Moyne said.
To better support the major, the Le Moyne College recently added two tenure-track faculty members: Elahe Boskabadi and Zichu Zhao, both assistant professors.
New business and economics chair
In addition to announcing the new name, the Madden College also announced the creation of the Dr. John T. (Jack) Boorman ‘63 Endowed Chair in Business & Economics.
Boorman spent nearly 30 years in various positions at the International Monetary Fund and also served on Le Moyne’s board of trustees for 19 years, where he served as the chair of the investment committee for many years.
The school has named economic professor Wayne Grove as the inaugural recipient of the Boorman Endowed Chair.
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