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Baruch Bestows New Presidential Honor on Three Faculty Members: Linda Allen, Carol Berkin, and Steve Savas

New York, NY – June 13, 2007--President Kathleen Waldron has inaugurated at the College the recognition of Presidential Professorships, a rare distinction given to full-time members of the faculty in recognition of exceptional scholarship, teaching and service over a long period. The bestowing of the designation of Presidential Professor honors members of the faculty who exemplify the College’s commitment to excellence and who have distinguished themselves by significant contributions recognized both at Baruch College and in the world at large.

It is our pleasure to announce that the first Presidential Professors at Baruch College are Linda Allen, Carol Berkin, and Steve Savas.  The title and honor carry with them prestige, research support, and released time for scholarly activity. Each named professor shall hereafter be known by the title Presidential Professor.

Presidential Professor Linda Allen

Linda Allen, Professor of Finance, is well known in the world of banking and finance.  Professor Allen has most recently been developing a model to measure damages in securities fraud litigation.  Allen, who has consulted on several high-profile court cases, says she is seeking to determine “what it means to be a damaged shareholder and how you measure the damages for fraudulent disclosures or non-disclosures.”

An expert on the role of financial institutions in the evolution of financial markets and on risk and credit risk analysis, Professor Allen has published scholarly work in major business and finance journals including The Journal of Business, The Journal of Financial and Quantitative Analysis, and the Stanford Journal of Law, Business and Finance. She is the author of a widely-used textbook, “Capital Markets and Institutions:  A Global View,” and a co-author of several professional works, including “Understanding Market, Credit and Operational Risk.”

Presidential Professor Carol Berkin

Carol Berkin, Professor of History at Baruch College and The City University of New York Graduate Center, is a scholar of early U.S. History and women’s history, is well known to the public as a frequent commentator for televised historical documentaries, including those on PBS and on the History Channel.  She has appeared in “The History of New York City,” “Ben Franklin,” “The History of Sex,” and “Founding Fathers,” among others series.

Professor Berkin started her Baruch academic career as an assistant professor.  Rising steadily through the academic ranks, she became full professor in 1981. Berkin is the author of several books, including, most recently, Revolutionary Mothers:  Women in the Struggle for American Independence. Professor Berkin has also written A Brilliant Solution:  Inventing the American Constitution, and First Generations:  Women in Colonial America. 

Presidential Professor E.S. Savas

E.S. Savas, Professor of Public Affairs at Baruch College and an internationally renowned expert in the field of privatization, has written numerous books and articles on privatization.  His groundbreaking empirical and theoretical work Privatization: The Key to Better Government, is considered one of the most influential books on the topic.  Savas has taught at Baruch since 1981 as a management professor in the College’s Zicklin School of Business and as a professor of public affairs in the School of Public Affairs (SPA).

Like many Baruch students, Professor Savas is the son of immigrants who came to the U.S. seeking a better life and greater opportunity for their offspring. He is the first person in his family to graduate elementary school.  Savas holds degrees from the University of Chicago, Columbia University, and an honorary doctorate degree from the University of Piraeus in Greece. He served as President Ronald Reagan’s Assistant Secretary for Policy Development and Research in the U.S. Department of Housing and Urban Development from 1981-83.

Presidential Professorships are designated for a period of five years and are subject to renewal. Baruch will celebrate these designations at the annual Faculty Scholarship Recognition Ceremony in the spring. 

Contact: Carol Abrams, Chief Communications Officer, Baruch College, (646) 660-6105.

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