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Schwartz Endows TAU, U of Manitoba Exchange Program
"WINNIPEG — Gerry Schwartz, one of Canada’s leading businessmen, may live in Toronto now, but he hasn’t forgotten his alma mater.
The University of Manitoba announced last month that Schwartz, who graduated from the university in the early 1960s, has donated $500,000 to establish the Arni C. Thorsteinson International Exchange Program at its I.H. Asper School of Business.
The program will allow undergraduate business students at U of M and Tel Aviv University (TAU) to learn through collaborative exchange programs between the two universities.
The first such program is scheduled for later this summer.
Rob Warren, director of the Asper Centre for Entrepreneurship, said four of his U of M students will be in Tel Aviv from July 30 to Aug. 10, while four students from TAU will be in Winnipeg from Aug. 10 to 20. The students will be studying financial modelling and preparing business plans for a technology venture. On the last day of the program, they will present their business plans to a team of investors.
“This gift shows that Gerry Schwartz has great faith in the ability of the University of Manitoba to deliver world class programs,” Warren said.
Schwartz, who also has a degree from Harvard University, began his business career at a corporate law firm in Winnipeg before joining a company on Wall Street involved in mergers and acquisitions. He returned to Winnipeg to go into business with the late Israel Asper. In 1977, they co-founded CanWest Capital, now known as CanWest Global Corp.
In 1983, after parting ways with Asper and CanWest, Schwartz and two employees founded Onex Corporation, the director of which is his friend and colleague Arni C. Thorsteinson, a long-time business leader in Manitoba. In recognition of Thorsteinson’s work and friendship, Schwartz established the program in his name.
“This program represents a tremendous opportunity for our students to experience the business culture of another country,” Warren said. “Israel is unique in this respect because of its reputation for entrepreneurship and entrepreneurial development. Israel is second only to the United States in the number of high tech start-ups. Our students will get a chance to see a lot more biotech and IT stuff in Israel. And Tel Aviv University is a world-class institution with a strong finance program.”
The Thorsteinson program, which is scheduled to run for 10 years, is open to U of M students with high grade point averages who are in their third or fourth year in commerce.
Warren said future exchanges are still in the planning stages."
Source: Myron Love, Prairies Correspondent. Schwartz endows TAU, U of M exchange program. CJNews.com (14 July 2005) [FullText]
The University of Manitoba announced last month that Schwartz, who graduated from the university in the early 1960s, has donated $500,000 to establish the Arni C. Thorsteinson International Exchange Program at its I.H. Asper School of Business.
The program will allow undergraduate business students at U of M and Tel Aviv University (TAU) to learn through collaborative exchange programs between the two universities.
The first such program is scheduled for later this summer.
Rob Warren, director of the Asper Centre for Entrepreneurship, said four of his U of M students will be in Tel Aviv from July 30 to Aug. 10, while four students from TAU will be in Winnipeg from Aug. 10 to 20. The students will be studying financial modelling and preparing business plans for a technology venture. On the last day of the program, they will present their business plans to a team of investors.
“This gift shows that Gerry Schwartz has great faith in the ability of the University of Manitoba to deliver world class programs,” Warren said.
Schwartz, who also has a degree from Harvard University, began his business career at a corporate law firm in Winnipeg before joining a company on Wall Street involved in mergers and acquisitions. He returned to Winnipeg to go into business with the late Israel Asper. In 1977, they co-founded CanWest Capital, now known as CanWest Global Corp.
In 1983, after parting ways with Asper and CanWest, Schwartz and two employees founded Onex Corporation, the director of which is his friend and colleague Arni C. Thorsteinson, a long-time business leader in Manitoba. In recognition of Thorsteinson’s work and friendship, Schwartz established the program in his name.
“This program represents a tremendous opportunity for our students to experience the business culture of another country,” Warren said. “Israel is unique in this respect because of its reputation for entrepreneurship and entrepreneurial development. Israel is second only to the United States in the number of high tech start-ups. Our students will get a chance to see a lot more biotech and IT stuff in Israel. And Tel Aviv University is a world-class institution with a strong finance program.”
The Thorsteinson program, which is scheduled to run for 10 years, is open to U of M students with high grade point averages who are in their third or fourth year in commerce.
Warren said future exchanges are still in the planning stages."
Source: Myron Love, Prairies Correspondent. Schwartz endows TAU, U of M exchange program. CJNews.com (14 July 2005) [FullText]
posted by BioMedMarket.Info @ 15.7.05
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