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Release: April 13, 2000

Forsythe named Leonard A. Hadley Chair in Leadership

IOWA CITY, Iowa -- Economics Professor Robert Forsythe has been selected as the
Leonard A. Hadley Chair in Leadership in the University of Iowa Henry B. Tippie College of Business.

The Chair, endowed by the Maytag Corporation, honors UI alumnus and former Maytag Corporation CEO Leonard A. Hadley. It provides support for a UI business faculty member who has exhibited outstanding leadership in a major discipline or functional area of business. Earnings from the endowment, which was given to the college though the UI Foundation, will provide support for Forsythe's research, teaching and other professional leadership activities.

Forsythe is senior associate dean in the Tippie College of Business and is a co-founder of the Iowa Electronic Markets, real-money futures markets in which contract payoffs depend on economic and political events such as elections.

"As senior associate dean, Professor Forsythe is a leader in serving the interests of our faculty, and he also been a leader in research and teaching," said Gary Fethke, dean of the Tippie College of Business. "Along with his colleagues, he developed the Iowa Electronic Markets (IEM), a unique web-based tool that both teaches students how markets operate, and functions as a research tool to study investor behavior."

Maytag endowed the chair position in Hadley's honor in August 1999, after he retired as chairman and CEO of Maytag. Hadley had enjoyed a 40-year career with the home and commercial appliance manufacturer based in Newton, Iowa. Hadley received an accounting degree from the UI in 1958 and later studied law there. He serves on the Board of Visitors at the Tippie College of Business and is a member of the UI Foundation board of directors.

Forsythe, who joined the college in 1981, has a Ph.D. in economics from Carnegie-Mellon University, M.S. degrees in economics and statistics from Carnegie-Mellon, and a B.S. in quantitative business analysis from Pennsylvania State University.