QUALCOMM Endows First Faculty Chair at UCSD's New Management School

Named the Jerome S. Katzin Chair in Corporate Governance, it is also the 100th endowed chair at UCSD

Media Contact: Keri Peckham, 858-534-0855 or kpeckham@ucsd.edu

March 12, 2003

The University of California, San Diego (UCSD) announced today that QUALCOMM Incorporated has funded the first faculty chair for the university’s new Management School — The Jerome S. Katzin Chair in Corporate Governance. The chair also represents the university’s 100th endowed chair.

The chair is named in honor of business and civic leader Jerome S. Katzin, who became a director of QUALCOMM in November 1987 and is now retiring from the board.

“For the past 15 years, the QUALCOMM Board of Directors has been extremely fortunate to have the astute leadership and wise counsel of Jerry Katzin,” said Dr. Irwin Mark Jacobs, chairman and CEO of QUALCOMM. “Through this gift, we recognize Jerry’s leadership and expertise, and at the same time, express our belief in UCSD’s vision for training future business leaders at the new Management School.”

“We are very grateful for this generous gift from QUALCOMM and feel that it’s extremely fitting that the Management School’s first chair is named in honor of Jerome Katzin,” said UCSD Chancellor Robert C. Dynes. “Jerry is well-known and respected as an outstanding business and community leader. Furthermore, he has been very active on our campus, and truly understands the importance of building a strong faculty.”

“UCSD has a history of attracting superior faculty, and this valued gift from QUALCOMM will ensure that the Management School will continue that tradition,” said Robert S. Sullivan, founding dean of the Management School. “I am especially pleased that our first chair is named in Jerry Katzin’s honor – someone our students can look to as a true role model.”

The endowment of a chair establishes a perpetual fund that provides annual income to support the academic and research efforts of an exceptional faculty member. “The importance of corporate governance is becoming more and more significant in today’s global business environment,” added Sullivan. “I am very excited that our first endowed chair will help us recruit a leader in this area.”

“Establishing the 100th endowed chair is a significant milestone in the history of UCSD, and looking ahead, we are eager to continue building means for faculty support,” added Dynes. “Our ongoing success in recruiting and retaining the best faculty members depends heavily on our ability to offer endowed chairs.”

QUALCOMM has funded five other faculty chairs at UCSD and helped fund a sixth chair. Five of these chairs are designated for faculty at the Jacobs School of engineering and one is for the Graduate School of International Relations and Pacific Studies.

From 1953 until he retired in 1990, Katzin was engaged in investment banking and was a managing director with Kuhn Loeb & Co. and the successor firm Lehman Brothers. A graduate of the University of Chicago, he also received a J.D. degree from the University of Chicago Law School. He served on the legal staff and held various executive positions with the U.S. Securities and Exchange Commission from 1941 to 1953. Over his long career, he has been a director for more than 20 companies.

Katzin has been an active UCSD supporter and volunteer for many years. He is an emeritus trustee and former chair of the UC San Diego Foundation and continues to serve as a member of the University’s Board of Overseers, Chancellor’s Associates, Friends of Judaic Studies, and the International Advisory Board of the Graduate School of International Relations and Pacific Studies. In May 2000, he and his wife Miriam gave a $15 million gift to the Rebecca and John Moores UCSD Cancer Center. In 1993, the couple endowed the Katzin Chair in Jewish Civilization and in 1981 they endowed one of UCSD’s very first faculty chairs, which was designated for the Judaic Studies program. Katzin has been involved with many other community organizations and has served as a trustee for the San Diego Foundation and the San Diego Symphony.

The University of California Board of Regents approved plans for UCSD’s Management School in October 2001, and the charter class of executive MBA students will enroll in fall 2004. The first class of full-time students is slated for fall 2005.

Unlike conventional MBA programs, UCSD’s program will target students with high-tech backgrounds. It is anticipated that at least 60 percent of the student body will have science and engineering backgrounds. The school will offer a variety of full-time and executive MBA programs, executive programs and a Ph.D. program. In addition, joint degree programs will be offered with the Jacobs School of Engineering, the School of Medicine, and the Graduate School of International Relations and Pacific Studies.