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Article: Eccles endowment: new funding for U. of U. business school. (David Eccles endowment to the University of Utah)
- Article from:
- Utah Business
- Article date:
- December 1, 1991
- Author:
CopyrightCOPYRIGHT 1991 Olympus Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Eccles Endowment New Funding for U. of U. Business School
How many business majors would react positively if they were told never to work for money? It sounds like a formula for failure, but it was a point that prominent Utahn and industrialist David Eccles made to his son, Marriner. "Never work for money, my boy, because this is the wrong attitude. You should always work for the success of the business."
This ideas worked well for David Eccles. He came to the United States in 1863 as an impoverished Scottish emigrant; when he died in 1912, he left behind an empire of ownership or major interest in 48 companies.
With a generous $15 million ...