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Two Alumni Endow $1.5 Million Distinguished Business Professorship
Synergy means combining forces to produce more than the sum of their parts. That's exactly what happened when alumni entrepreneurs Alan McKim, MBA'88 and Richard D'Amore, CBA'76, came together to honor Northeastern University and their mentor, Professor Daniel J. McCarthy, co-director of the high-tech MBA program.
McKim, with a gift of $900,000, and D'Amore, with a gift of $600,000, jointly established the McKim-D'Amore Distinguished Professorship of Global Management and Innovation. McCarthy, an international business expert, will be the inaugural chair holder, which will allow him to further his research focusing on Russia and the high-tech business management.
Upon his retirement, the post will bear his name, becoming the Daniel J. McCarthy Distinguished Professorship of Global Management and Innovation.
"To have recognition from two former students is quite rewarding," said McCarthy, who has been on the College of Business Administration faculty since 1972.
"I know them both very well, and when they came to me and said they wanted to do something for Northeastern and me, it was a real honor."
Though McKim and D'Amore took courses with McCarthy a decade apart, they connected through their mentor to fund the $1.5 million professorship that honors McCarthy's career accomplishments in both industry and academia.
McKim is chairman, president and chief executive officer of Clean Harbors, Inc., which he founded in 1980. Clean Harbors is North America's leading provider of environmental and hazardous waste management services.
D'Amore is founder and general partner of North Bridge Venture Partners, a successful early-stage venture capital fund that has invested in more than 70 start-ups, primarily in communications and information technology.
"My Northeastern experience was fabulous, and Dan was a big part of that," said McKim, who is a member of the Northeastern's Board of Overseers. "I learned about the various aspects of running a business from him and the executive MBA program.
"I sought Dan out many times for guidance and advice, and asked him to help out at Clean Harbors on a consulting basis. Later, when the company went public, I asked Dan to join the board of directors."
In turn, McCarthy has invited McKim back to campus a dozen times over the years to talk to both undergraduate and graduate classes about his experiences. McKim has also kept in touch with Northeastern by serving on the Board of Visitors, and through his daughter, Melissa, a current executive MBA student.
"Northeastern provides an outstanding education, and Dan is really an example of what the best of Northeastern is all about," added D'Amore, a former accounting major who began his career as a certified public accountant.
"I'm pleased to be able to thank Dan in this very tangible way for the difference he's made in my career and to ensure future students will benefit from outstanding professors like him."
|This article appeared in the Spring 2005 issue of Pathways: The Leadership Campaign.|
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