St. Petersburg University’s School of Management (SOM) celebrated a major milestone on July 1, 2002, with the grand opening of its new facilities. The festivities included the conferral of an honorary degree to professor David Teece, director of the UC Berkeley’s Institute of Management, Innovation & Organization (IMIO) and Mitsubishi Bank Professor of International Business and Finance at Haas. He has played a leadership role in the founding of SOM, the first business school at a major Russian university.
The relationship between UC Berkeley and St. Petersburg University (then known as Leningrad State University) started as an exchange program in 1987, with Teece serving as a key advocate. Since then, approximately 45 Berkeley faculty have taught at SOM, visited, or advised its faculty on course content, research, publications, or administrative matters.
Since its founding in 1993, SOM has grown from 35 students to over 1,000 in 2002. The school offers doctorate, graduate, and undergraduate programs as well as specialized courses. It attracts students from all over Russia, and international students from Europe, the US, Mongolia, China, and Syria.
The SOM’s new home is a pair of connected late-18th century palaces not far from the central university campus. The two buildings, which were donated to SOM by the city of St. Petersburg in 1996, were renovated with nearly $4 million raised by its board, including two $1 million gifts from Arthur B. Schultz, a retired Norwegian-American businessman whose foundation has supported other projects to encourage the development of modern business practices in Russia, and from Hungarian-born investor George Soros, IMIO, with Susanne Campbell, its executive director of the St. Petersburg Project, and John Pepper, chairman of SOM’s board, were instrumental in raising these funds.
In addition to Teece, the other UC Berkeley faculty person to receive an honorary degree was Haas professor Oliver Williamson in 1997.
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