John Carroll University President Rev. Robert L. Niehoff, S.J., announced today that the Smiley Family Charitable Foundation has agreed to fund a $2.5 million endowed chair, The Raymond and Eleanor Smiley Chair in Business Ethics, in the John M. and Mary Jo Boler School of Business. The gift is made in support of the University’s Forever Carroll Campaign and to highlight the emphasis on ethics and personal integrity in John Carroll’s nationally ranked business curriculum.
Smiley is a Class of 1951 graduate. He has held executive positions at McDowell-Wellman Engineering Co. and Gilford Instrument Laboratories, concluding his business career at Bearings, Inc. as chief financial officer. As a certified public accountant, he also was employed by Price Waterhouse and Deloitte & Touche. During his career, Smiley joined Financial Executives International, an association of senior-level financial executives, and became a member of its national board and ethics committee. He retired in 1992.
“Eleanor and I hope this gift will enable the University to further attract and retain the highest quality faculty and scholars and remind the academic world what an esteemed global, ethical business program predicated on 460 years of Jesuit educational excellence should resemble,” said Smiley. He was awarded the University’s distinguished Alumni Medal in 1998. Mr. Smiley is a current member of the University’s Board of Directors.
Highlighting the significance of the gift, Father Niehoff said, “We are grateful that the Smiley Family Charitable Foundation has chosen to invest in our students in this way, by addressing ethical, moral, and social justice problems in the world community.” He also provided insight on the goals of the gift: “Establishing a chair in business ethics will enable the University to hire an achieved academic scholar and create collaborative programming centered on generating innovative ideas.”