July 26, 2005
What Happens When the Name on the Building Is Tainted?
Bruce Carton on the Securities Litigation Watch blog has an interesting post (here) about schools with buildings (or in one case a professorship) named after defendants in corporate crime prosecutions, including Kozlowski Hall at Seton Hall and the Rigas Family Theater at St. Bonaventure. Other examples include Alberto Vilar, who is charged with fraud for allegedly taking funds from a client's account to make good on various charitable pledges, including his alma mater Washington & Jefferson College, and the A. Alfred Taubman College of Architecture and Urban Planning at the University of Michigan, named after Al Taubman, who was convicted of an antitrust violation and served a little less than a year in federal prison. Unfortunately for the schools, they cannot control the actions of major donors. (ph)
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