Harvard Business School Receives $25 Million Gift for Doctoral Programs From Alumnus and Entrepreneur Hansjoerg Wyss; Gift Will Support Research, Fellowships, Facilities for Doctoral Students.

(From AScribe)

BOSTON -- Harvard Business School has received a $25 million donation in support of its doctoral programs from Hansjoerg Wyss, a member of the MBA Class of 1965 and an entrepreneur who built Synthes, Inc., into a leading international medical device company specializing in orthopedic instruments and implants.

"One of the greatest challenges facing business schools today is a growing shortage of outstanding faculty," said Dean Kim B. Clark. "This generous gift will enhance the experience of current students and allow us to strengthen the School's doctoral programs in the future, so we can continue to produce world-class scholars and teachers who will go on to join the faculties of this and other universities around the globe."

The gift, part of the School's $500 million capital campaign, is the largest ever given to a doctoral program at a business school. It will be used to establish the Hansjoerg Wyss Endowment for Doctoral Education, which will support a broad range of efforts to strengthen HBS doctoral programs. Among the items that may be funded by the Endowment are fellowships and stipends for …