To All - I think LU is getting dumped by funds
Is this one of those "funds" ? <g>
go2net.newsalert.com
Wharton School Establishes Meg Walsh - Lucent Technologies Woman in Finance Fund
PR Newswire - May 20, 1999 09:28
$100,000 Gift to Honor Former Lucent Executive, Wharton MBA Graduate
PHILADELPHIA, May 20 /PRNewswire/ -- The Wharton School of the University of Pennsylvania and Lucent Technologies announced today the establishment of the Meg Walsh/Lucent Technologies Woman in Finance Fellowship Fund. The award is funded by a $100,000 contribution from Lucent Technologies, through its corporate foundation in honor of Florence (Meg) L. Walsh, former vice president and treasurer at Lucent, who died in November of 1998.
The fund will provide financial support to female graduate students majoring in finance at the Wharton School who would otherwise be unable to meet the cost of the education. Fellowships will be awarded for a two-year period, with the first being awarded during the fall of 1999. In addition, fellowship recipients will have the opportunity to participate in Lucent's internship and mentoring programs.
"We are deeply honored that one of our graduates has been recognized in this way by her employer, her friends and her colleagues," said Marti Harrington, director of Alumni Affairs at the Wharton School. "We are grateful to Lucent Technologies for their generosity and initiative in creating this fellowship."
Walsh, a 1988 MBA graduate of the Wharton School, was appointed vice president and treasurer of Lucent Technologies in May 1996. At the time of her death, Walsh, at only 37 years of age, was responsible for the company's dealings with global capital markets, corporate finance and administration of the more than $50 billion in employee benefit assets and financing of Lucent customers.
"Meg's influence went far beyond her job and this fellowship program gives Lucent and all of Meg's friends and colleagues the opportunity to honor her memory in a way that extends that influence to other young women who have exhibited great potential at Wharton," said Richard A. McGinn, Lucent chairman and CEO.
A native of Baltimore, Md., Mrs. Walsh earned an undergraduate degree from Johns Hopkins University and was chairwoman of the academic affairs committee established by alumni of the Krieger School of Arts and Sciences at Hopkins. Before enrolling at Wharton, she was a junior equity analyst at T. Rowe Price Associates in Baltimore.
After obtaining her Wharton MBA degree, Mrs. Walsh held several financial positions with General Motors Corporation in New York. In 1994, she joined AT&T as assistant treasurer for corporate finance. While in that position, she worked on the formation of Lucent, including creation of the company's capital structure and its initial public offering.
The Meg Walsh Fellowship Fund is open to donations from anyone who wishes to contribute. The Lucent Technologies Foundation will match all contributions from Lucent employees and encourages others who work for companies with similar matching gift programs to take advantage of the opportunity to increase their donations to the fund. Gifts should be made payable to Trustees of the University of Pennsylvania and mailed to:
Meg Walsh Fellowship Fund
c/o Tom Piazze
Director, Corp and Fdn Relations
The Wharton School
344 Vance Hall
3733 Spruce Street
Philadelphia, PA 19104-6360
With a primary focus on education, the Lucent Technologies Foundation plans to contribute approximately $15 million in support of education during 1999. The foundation's priorities include improving public schools; developing and supporting teachers; improving opportunities for minorities and women in science and engineering, and inspiring excellence in science, math and engineering.
Lucent Technologies, headquartered in Murray Hill, N.J., designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronic components. Bell Labs is the research and development arm for the company. For more information on Lucent Technologies, visit the company's web site at lucent.com.
The Wharton School is recognized around the world for its academic strengths across every major discipline and at every level of business education. Founded in 1881 as the first collegiate business school in the nation, Wharton is dedicated to creating the highest value and impact on the practice of business and management through intellectual leadership and innovation in teaching, research, publishing and service. The School currently has approximately 4,700 undergraduate, MBA and doctoral students, more than 10,000 participants in its executive education programs each year, and an alumni network of more than 70,000 worldwide.
SOURCE Lucent Technologies
/CONTACT: Michael Baltes of Wharton School, 215-898-4159; or JoAnna
Schooler of Lucent Technologies, 908-582-6642/
/Web site: lucent.com
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