Simon School Looking Past Fuji-Kodak Incident
ROCHESTER, N.Y. (AP) _ The University of Rochester’s William E. Simon Graduate School of Business Administration hopes to set up a branch in Australia in an effort to build an international reputation, according to school officials.
The ambitious and risky venture will be announced Sunday by former Treasury Secretary William Simon, who has played a key role in the project, and benefactor Mary Warwick Fairfax, said Ann Hannah on Thursday.
Lady Fairfax is the widow of Sir Warwick Fairfax and a member of Australia’s most prominent media family. She has agreed to donate, in memory of her husband, 100 acres of land for the branch outside Sydney.
Setting up the branch would give the Simon school campuses on three continents. It has been running an executive development program in the Netherlands since January 1986.
Officials are also hoping the venture will help the school overcome some of the negative publicity it received last month, when it was learned that university President Dennis O’Brien had relented to pressure from Eastman Kodak Co. and revoked the business school admission of a Fuji Photo Film Co. employee, Tsuneo Sakai.
The Simon school eventually invited Sakai back, but he declined, choosing instead to study at the Sloan School of Management at Massachusetts Institute of Technology.
School officials admit the success of the venture hinges on its being able to raise the millions of dollars it will need to build the Australian branch.
″It’s a very interesting and exciting proposal,″ O’Brien said. ″But raising money is always difficult. There are a lot of pieces that have to fall into place on this one.″
Plans are incomplete, but as proposed the Australian campus would be part of a 2,000-acre development situated in Harrington Park, a community outside Sydney.
The school would have both a two-year master’s program in business administration and a separate graduate program for executives.
Simon School officials gave no timetable for opening the Australian campus, and did not say how much money they expected it to cost.