Study: U.S. job market is putting more workers in positions with limited upside and leverage.
The Corporation of the Massachusetts Institute of Technology--MIT's board of trustees--elected four life members and ten term members at its quarterly meeting today, Friday, May 28, held just before the Institute's 127th Commencement Exercises.
The names of those elected were announced by Dr. Paul E. Gray, Chairman of the Corporation.
Elected life members were:
Herbert H. Dow, 2nd of Midland, Mich. (MIT alumnus, 1952), President, The Herbert H. and Grace A. Dow Foundation.
Angus N. MacDonald (MIT, 1946), President, Angus MacDonald & Company, Inc., of Greenwich, Conn.
Mitchell W. Spellman, of Newton Centre, Mass., Dean Emeritus for International Projects, Harvard Medical School.
Raymond S. Stata (MIT, 1957), Chairman, Chief Executive Officer and Co-Founder, Analog Devices, Inc., of Norwood, Mass.
Elected to five-year term memberships:
Donald J. Atwood of Franklin, Mich. (MIT, 1948), former Deputy Secretary of Defense.
William S. Edgerly of Cambridge, Mass., (MIT, 1949), Chairman Emeritus, State Street Boston Corporation and State Street Bank and Trust Company and Chairman, Foundation for Partnerships.
Lawrence A. Hough (MIT, 1972), President and Chief Executive Officer, Student Loan Marketing Association, Washington, D.C.
Brian G. R. Hughes of Takoma Park, Md. (MIT, 1977), Chief Executive Officer, American Rocket Company. (Alumni Association Nominee)
David H. Koch (MIT, 1962), Director and Executive Vice President, Chemical Technology, Koch Industries, Inc., New York City.
John A. Morefield, Jr. of Mechanicsburg, Pa. (MIT, 1956), President, Morefield Communications, Inc., (Alumni Association Nominee).
Robert A. Muh of San Francisco, Calif. (MIT, 1959), Investment Banker (Alumni Association Nominee).
Kenichi Ohmae (MIT, 1970), Chairman, Japan Operations, McKinsey & Company, Inc., Tokyo, Japan.
Darcy D. Prather of St. Louis, Mo. (MIT, 1991), Philosophy, Politics and Economics Finalist, Brasenose College, Oxford University (Nominee from Recent Classes).
Elected to a four-year term, completing the the remainder of an unexpired five-year term:
Alan B. Davidson of Somerset, N.J. (MIT, 1989), Student, Yale Law School.
In addition, Richard A. Jacobs of Northbrook, Ill. (MIT, 1956), President, Richard A. Jacobs, Ltd., Northbrook, Ill., becomes an ex officio member of the Corporation by virtue of his selection as president of the MIT Association of Alumni and Alumnae for 1993-94.
As of July 1, the Corporation will be comprised of 75 distinguished leaders in education, science, engineering and industry. Of the 75, 24 are currently life members. In addition, 25 individuals are life members emeriti, participating in meetings but without a vote. The Corporation meets four times a year and considers broad policy issues for the university.
In addition to four standing committees and several committees of annual recurrence, the MIT Corporation appoints 26 Visiting Committees, which provide critical counsel to each academic department and make recommendations to the Corporation on academic activities and initiatives. Each Visiting Committee is chaired by an MIT trustee and includes several Corporation members as well as alumni and other professionals. In all, more than 400 individuals participate in the Corporation Visiting Committees.
The Corporation includes these ex officio members: the chairman, Dr. Gray (MIT, 1954); President Charles M. Vest; Vice President and Treasurer Glenn P. Strehle (MIT, 1958); Vice President and Secretary Constantine B. Simonides; the president of the Alumni/ae Association, Richard A. Jacobs (MIT, 1956); Massachusetts Governor William F. Weld; Paul J. Liacos, the Chief Justice of the Massachusetts Supreme Judicial Court; and Robert V. Antonucci, Massachusetts Commissioner of Education.
Born in Midland, Mich., in 1927, Herbert H. Dow, 2nd graduated from the Hotchkiss School and received the SB in general engineering from MIT in 1952. Mr. Dow joined The Dow Chemical Company in 1952 and retired in 1992. He served at different times as director, corporate secretary and vice president. He has been a trustee of The Herbert H. and Grace A. Dow Foundation since 1949, later served as treasurer and was elected president in 1970. He has been president and a trustee of the Herbert H. and Barbara C. Dow Foundation since 1957.
Born in 1926 in Baltimore, Md., Angus N. MacDonald received two degrees from MIT, the SB in aeronautics and astronautics in 1946 and the SM in mechanical engineering in 1947. Mr. MacDonald was a partner of Braxton & Company of New York City from 1954 to 1970. Specializing in the initiation and negotiation of corporate mergers and acquisitions, Mr. MacDonald has been president of Angus MacDonald & Company, Inc., of Greenwich, Conn., since 1970.
Mitchell W. Spellman, born in Alexandria, La., in 1919, received a BA degree magna cum laude from Dillard University in 1940, an MD from Howard University in 1944, and a PhD in surgery from the University of Minnesota in 1955. From 1978 to 1990, Dr. Spellman served as dean for medical services and professor of surgery at the Harvard Medical School and as executive vice president of the Harvard Medical Center. His previous positions included dean and professor of surgery at the Charles R. Drew Postgraduate Medical School, and assistant dean and professor of surgery at the UCLA School of Medicine. Since 1990 he has been dean emeritus for international projects at Harvard Medical School.
Raymond S. Stata was born in 1934 in Coatesville, Pa. He received both the SB and SM degrees in electrical engineering from MIT in 1958. One of the founders of Analog Devices, Inc., in 1965, Mr. Stata was president of the company from 1971 to 1991. He has been chairman since 1973. Earlier, Mr. Stata was the founder of Solid State Instruments and became vice president for marketing for Kollmorgen Corporation's Inland Controls Division when that company acquired Solid State Instruments.
Born in 1924 in Haverhill, Mass., Donald J. Atwood received the SB in electrical engineering from MIT in 1948 and the SM in 1950. In that year, he joined the technical staff of the Instrumentation Laboratory and participated in the MIT Inertial Guidance Development Program. In 1952 he became treasurer and chief engineer of the Dynatrol Corporation and remained with the company until 1959, when it was acquired by General Motors. At GM, Mr. Atwood served in a number of management positions of increasing responsibility, and in 1984 became director and executive vice president. In 1987 he was elected vice chairman of the board, serving until 1989 when President Bush named him to be deputy secretary of defense. He returned to private life in the spring of 1993.
William S. Edgerly, born in 1927 in Lewiston, Me., received the SB in economics and engineering from MIT in 1949 and an MBA from the Harvard Business School in 1955. In 1952 he joined Cabot Corporation and served in various management positions before becoming financial vice president and director in 1969. He became president and chief executive officer of the State Street Bank in 1975, served as president and chairman from 1976 to 1985 and as chairman from 1985 to l992, when he became chairman emeritus.
Born in 1944 in Janesville, Wis., Lawrence A. Hough received an SB in engineering from Stanford in 1966 and the SM in management from MIT's Sloan School of Management in 1972. He joined the Student Loan Marketing Association (Sallie Mae) in 1973, and except for an 18-month period in 1977-78 when he was chief financial officer of the Hough Manufacturing Company in Janesville, Mr. Hough has been with Sallie Mae ever since. In 1990 he became president and chief executive officer. Mr. Hough was twice world champion and a silver medalist in the 1968 Olympics in international rowing. He served on the board of the U.S. Olympic Committee from 1976 to 1984 and completed a four-year term as treasurer in 1984. He continues to serve the committee in a variety of ways.
Brian G. R. Hughes was born in 1954 in Toronto, Ontario, Canada. He received the SB in mechanical engineering from MIT in 1977 and an MBA from the Harvard Business School in 1979. Mr. Hughes was co-founder and executive vice president of PTAT System Inc., which was established to develop a privately funded transatlantic fiber optic telecommunications cable system. The completed PTAT system was sold to U.S. Sprint in 1989, the year Mr. Hughes became a consultant to the American Rocket Company, which specializes in the development and commercialization of hybrid rocket propulsion. He became vice chairman in 1990 and chief executive officer in 1992.
Born in 1940 in Wichita, Kan., David H. Koch received both the SB and SM degrees in chemical engineering from MIT, in 1962 and 1963 respectively. Mr. Koch worked as a research and process engineer for Amicon Corporation and Arthur D. Little before joining Halcon International, Inc. After three years there as a research process and process design engineer, he joined Koch Industries, Inc., in 1970. He has served in a variety of positions with Koch Engineering Company and Koch Membrane Systems and is currently a director of Koch Industries, Inc. and executive vice president for chemical technology.
John A. Morefield, Jr. was born in 1934 in Philadelphia, Pa. He received the SB in business and engineering administration from MIT in 1956. He then joined Morefield Communications, Inc., a family-owned firm based in central Pennsylvania that provides business communications systems-voice, data, video and audio. He became president in 1964 and has been semi-retired since 1991, dividing his time between the company and community service.
Born in 1938 in New York City, Robert A. Muh received the SB in management from MIT in 1959 and also holds MBA and MPhil degrees from Columbia University, received in 1961 and 1965. Mr. Muh began his business career at McKinsey & Co. in New York and subsequently served as chairman of Newburger, Loeb & Co., Inc., and as president of Financial Services International. In 1978 he joined Bear, Stearns & Co. Inc. as head of the Los Angeles Region Corporate Finance Department. In 1984 he became managing director in charge of the San Francisco Region of the company, serving in this position until 1987. Since then he has been an independent investment banker.
Born in Japan in 1943, Kenichi Ohmae received an SB from Waseda University, an SM from the Tokyo Institute of Technology, and the PhD in nuclear engineering from MIT in 1970. Before joining McKinsey & Company, Dr. Ohmae worked for Hitachi as a senior design engineer on Japan's prototype fast breeder reactor, the Monju. As chairman of McKinsey's Japan office, his services as a management consultant are sought by many international companies and by leaders in government throughout the world. In another aspect of his career, Dr. Ohmae has written numerous articles on the economy and politics for such major publications as The Wall Street Journal and Harvard Business Review and has published 36 books. These include The Mind of the Strategist: The Art of Japanese Business (McGraw Hill, 1982), Triad Power (MacMillan Free Press, 1985), Beyond National Borders (Dow Jones Irwin, 1987) and The Borderless World (Harper & Row, 1990).
The nominee from recent classes, Darcy D. Prather, born in 1969 in St. Louis, Mo., received two SB degrees from MIT in 1991, in electrical engineering and in science, technology, and society. Since 1991 he has been studying philosophy, politics and economics at Oxford University in England as a Rhodes Scholar. Mr. Prather received numerous awards while at MIT, many of them related both to his academic and athletic accomplishments. He was a member of the football team for four years, captain in 1990-91, most valuable player in 1989-90, and also an Academic All-American that year. He received the Woody Hayes 1990 National Scholar Athlete Award for Division III in 1990 and became a National Football Foundation and College Hall of Fame Scholar Athlete in 1990. He was active in the National Society of Black Engineers and served as its president in 1989-90.
Alan B. Davidson, who is filling an unexpired four-year term, was born in Baltimore, Md., in 1967. He received the SB in mathematics with computer science from MIT in 1989 and was to receive the SM in technology and policy at today's commencement. He is in his first year at Yale Law School. He worked as a senior consultant at Booz Allen & Hamilton Inc., in Bethesda, Md., in 1989-90, and in the summer and fall of 1991 he was an intern and consultant in Congress's Office of Technology Assessment.
Richard A. Jacobs, who joins the Corporation as an ex officio member as the incoming president of the MIT Association of Alumni and Alumnae, was born in 1934 in Portland, Me. He received the SB in industrial management from MIT in 1956, and an MBA from Roosevelt University in 1979. Since 1992, Mr. Jacobs has been president of his own consulting firm in Northbrook., Ill. He also serves as counsel/senior vice president of A. T. Kearney, Inc., global management consultants. In his association with A. T. Kearney, which began in 1966, Mr. Jacobs has held a number of management positions with the firm. He also has been associated with Mobil Chemical and Champion International and was a vice president of Questor Corporation.
A version of this article appeared in the June 2, 1993 issue of MIT Tech Talk (Volume 37, Number 35).