Gleacher to Receive Honorary Doctorate Degrees
The Board of Trustees approved a recommendation
at its Sept. 14 meeting to name Eric Gleacher, a
former WIU student and president and CEO of Gleacher Nat West,
and Robert Nardelli, WIU graduate and CEO of The Home Depot,
as the recipients of an Honorary Doctorate of Humane Letters to
be awarded at the University's May 11, 2002 commencement
Gleacher has had a distinguished professional
career as chair, president and CEO of Gleacher & Co., an international
investment banking firm in New York City which he founded in 1990.
He has served as an associate and partner at Leman Brothers where
he founded its mergers and acquisitions department in 1978, and
then joined Morgan Stanley in 1983, where he served as global
head of mergers and acquisitions. Gleacher, a member of the 1959
four-man Western team that won the NAIA national golf championship,
recently donated $1 million to expand WIU's golf course — now
called the Harry Mussatto Golf Course in honor of his former golf
coach at WIU — to an 18-hole course.
Gleacher contributed $15 million to the
school to help finance a new building for the business school
in downtown Chicago. Over the years, Gleacher has been actively
involved in golf as an administrator, a benefactor and player.
He is a member of the United States Golf Association (USGA) Executive
Committee, and is the USGA finance division chair.
Nardelli, who was named president and CEO
of The Home Depot in December 2000, is a 1971 WIU graduate. The
Home Depot, founded in 1978 in Atlanta, GA, currently operates
more than 1,200 stores in the U.S., Canada, Puerto Rico and Chile
with reported sales of more than $45.7 billion. Prior to his position
leading the world's largest home improvement retailer, Nardelli
was president and CEO of GE Power Systems, a $15 billion division
of General Electric Company. He started his career at GE in 1971,
advancing through the manufacturing leadership positions in various
Nardelli was a three-year letterman on the
Leathernecks football team from 1968-70 and was co-captain and
an all-state and all-conference performer in 1970. Nardelli served
as an honorary co-chair of WIU's $25 million Centennial Campaign,
which concluded in December 2000.