Columbia University President Lee Bollinger announced today that internationally renowned economist R. Glenn Hubbard has been named the new dean of Columbia University’s Graduate School of Business.

Hubbard, the former chair of President Bush’s Council of Economic Advisers, will assume leadership of the School effective July 1, 2004, upon the retirement of the current dean, Meyer Feldberg. “What is attractive about Hubbard is that he is the complete dean,” says Columbia Business School Dean Meyer Feldberg. “In addition to his extensive background in research and policy, he is experienced as a former senior vice dean of faculty, an innovator in the classroom, one of the School’s most popular teachers and an internationally prominent scholar.” 

Professor Hubbard, the Russell L. Carson Professor of Finance and Economics, joined Columbia in 1988. He is a faculty member in the finance and economics division of Columbia Business School and holds a joint appointment with the University’s economics department. Professor Hubbard’s groundbreaking research in the areas of tax policy, monetary economics, international finance and corporate finance has earned him international acclaim as a leader in economic theory and application. In addition to writing more than 90 scholarly articles in economics and finance, he is author of a leading textbook on money and financial markets, Money, the Financial System, and the Economy. 

In addition to his prodigious career in academia, Hubbard has worked at the intersection of the private, government and nonprofit sectors and has been actively engaged in national and international economic policy issues. In 2001, President George W. Bush appointed Hubbard as chairman of the U.S. Council of Economic Advisers. After serving in that position for two years, Hubbard returned to Columbia University where, in addition to his professorial duties, he is also codirector of Columbia Business School’s Eugene M. Lang Center for Entrepreneurship. 

“Glenn’s outstanding achievements as a scholar and teacher, combined with his global and policy-oriented perspective, make him the ideal person at this moment to assume the deanship of Columbia Business School,” said Columbia University President Lee C. Bollinger. Professor Glenn Hubbard noted, “This is an exciting time for Columbia. We live in a time in which the success of business has transformed our economy and our society in significant ways. At home and around the world, business gains are essential for prosperity — and freedom. With its global reach and strong student, faculty and alumni networks, I know that Columbia Business School will be a leader in ideas and shaping the possibilities of business for society.” 

Professor Hubbard received his PhD in economics from Harvard University in 1983 and has taught at Northwestern, Harvard and the University of Chicago. In addition to his responsibilities at Columbia, he is a research associate at the National Bureau of Economic Research and director of the program on tax policy at the American Enterprise Institute in Washington, D.C. He is currently a director of ADP Inc. and Ripplewood Holdings. Hubbard has been a consultant to U.S. and non-U.S. government agencies and numerous private corporations. He was also deputy assistant secretary of the U.S. Treasury Department for Tax Policy from 1991 to 1993. 

Hubbard, his wife, Constance, and their two sons live in New York. Professor Hubbard’s appointment marks the end of an extensive global search for Meyer Feldberg’s successor as Columbia Business School’s dean. A search committee consisting of senior faculty members and members of the School’s Board of Overseers carefully screened hundreds of applicants from academia, business and the government sector before making a recommendation to Columbia University President Bollinger. 

Columbia Business School

Widely admired for its global and cutting-edge curriculum, Columbia Business School is one of the leading business schools in the world. In addition to its renowned MBA program, Columbia Business School offers the prestigious Executive MBA (EMBA) and nondegree Executive Education programs. The School’s faculty comprises internationally respected professors including Joseph Stiglitz, who won the Nobel Prize in economics in 2001 and was the chair of President Clinton’s Council of Economic Advisers from 1995 to 1997. 

Columbia MBAs excel in academics, are global in their focus and lead across industries. A network of thousands of Columbia Business School alumni spans the globe and includes Warren Buffett ’51, chairman of Berkshire Hathaway; Henry Kravis ’69, founding partner of Kohlberg, Kravis, Roberts; Russell L. Carson ’67, general partner of Welsh, Carson, Anderson & Stowe; Michael Gould ’68, chairman and CEO of Bloomingdales; and Rochelle Lazarus ’70, chairman and CEO of Ogilvy & Mather Worldwide. Hubbard will succeed Columbia Business School’s Dean Meyer Feldberg, who announced in September his intention to step down effective June 30, 2004. 

Professor Feldberg's 15-year tenure as dean marked a renaissance for Columbia Business School as the School capitalized on its New York City location and its vast network of business leaders to become one of the world’s preeminent business schools.

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