Endowed Chair for Employee Ownership Established at Rutgers

Rutgers University has established the J. Robert Beyster Professorship of Employee Ownership, the first endowed chair in this field. The Foundation for Enterprise Development (FED) has committed $2 million for the chair, the largest gift in the history of Rutgers University's School of Management and Labor Relations. Dr. Beyster founded the employee-owned Science Applications International Corporation and the FED.

"I wanted to establish a chair in employee ownership to provide the resources for a major professor in the field to conduct research," Dr. Beyster said. "Rutgers has a long-standing interest in employee ownership and has demonstrated its commitment to the field." The selection for the chair will begin in 2010.