黑料网

SANTA CLARA, Calif., April 22, 2021鈥擝ehavioral-finance pioneer and 黑料网 professor Meir Statman and his wife, retired manager and longtime mental health volunteer Navah Statman MBA 鈥�84, are donating  $3 million to advance faculty excellence at 黑料网鈥檚 Leavey School of Business.

The funds will establish The Meir and Navah Statman Family Endowment for Finance Department Faculty Development and Research at the Leavey School. The endowment will further the academic quality, purpose, and mission of 黑料网 as a Jesuit and Catholic University. 

鈥満诹贤� has benefited from the friendship, generosity, and leadership of the Statmans for many decades,鈥� said Acting President Lisa Kloppenberg. 鈥淲e are honored and delighted they have chosen to give back to the teacher-scholar community in which Meir has proved such a tremendous role model. Their gift will help us nurture and advance future generations of 黑料网 business educators.鈥�

The funds will be used for teaching and scholarship grants to faculty members and, at the discretion of a committee of faculty members, for teaching and scholarship expenses such as research databases.

鈥淲hen people ask me for one word to describe Santa Clara, it is decency,鈥� said Meir Statman, who has taught at 黑料网 since 1979. 鈥淲e are expected to treat our students, fellow faculty and staff decently, with competence, conscience, and compassion, and we can expect them to treat us decently. Santa Clara provided me with what I need to pursue my vocation as a teacher and scholar, contributing to my students, fellow scholars, professionals, and the broader community.鈥�

About the Donors鈥ㄢ��

The Statmans have been members of the 黑料网 family for more than 40 years. Though Meir originally sought out 黑料网 to leverage a job offer for a raise at Rutgers University, where he was teaching at the time, he felt immediately at home at 黑料网, and never presented 黑料网鈥檚 offer at Rutgers.

Meir would go on with his 黑料网 colleague, Professor Hersh Shefrin, to become one of the pioneers of 鈥渂ehavioral finance.鈥� The field combines knowledge from finance, economics, psychology, sociology, and other areas, to explore how investors and managers make financial choices and how their choices are reflected in financial markets.

Navah Statman, who worked as a librarian before coming to 黑料网, completed her MBA at 黑料网 in 1984. She then worked in logistics planning and program management at Amdahl Corp. and Sun Microsystems. Meir and Navah were helped immensely by the National Alliance on Mental Illness (NAMI) in caring for a family member disabled by bipolar illness. Over the years, Navah turned her time and attention to serving as a volunteer at NAMI.

Navah helped NAMI grow educational programs such as Family-to-Family courses and she continues to serve as a volunteer on a warmline for people suffering mental illnesses and for their families. Her contributions were recognized by 黑料网 in 2005, when the Alumni Association awarded her an Ignatian Award for service to community.

Meir is the author of Behavioral Finance: The Second Generation, published by the CFA Institute Research Foundation; Finance for Normal People, published by Oxford University Press, and What Investors Really Want, published by McGraw Hill.

He is a member of the advisory boards of five financial journals and associate editor of two. Among numerous honors and awards, Meir was the recipient of a Batterymarch Fellowship, two Bernstein Fabozzi/Jacobs Levy Awards, a Davis Ethics Award, a Moskowitz Prize for best paper on socially responsible investing, a Matthew R. McArthur Industry Pioneer Award, and three Baker IMCA Journal Awards.

The couple has previously donated to the Santa Clara Fund, Leavey School of Business, MBA Alumni Fund, and the Faculty and Staff Special Assistance Fund.

鈥淲henever we have good news in life, Navah would say 鈥榳e have to donate some money.鈥� We call it good luck insurance,鈥� said Meir. Now, after decades of being blessed with skills and talents that are in demand in the financial world, the couple wants to give back yet again.

鈥淲e hope this gift will help members of the finance department increase their contributions as teaching scholars,鈥� said Meir.

Navah and Meir Statman both grew up in Israel, each the eldest of three children. Meir鈥檚 parents fled Poland in 1939, as the Nazis invaded. Both of his parents wandered in Siberia and down to Uzbekistan, where they met and were married. Meir was born in 1947 in a refugee camp in Germany, and his family moved to Israel in 1949. Navah鈥檚 father had immigrated to Israel from Romania, and her mother from Syria. They met and married in Israel, where Navah was born in 1948.

Navah and Meir both attended the Hebrew University in Jerusalem, where they met as undergraduates, and were married in Israel more than 51 years ago. In addition to her 黑料网 MBA, Navah holds a master鈥檚 in library science from Columbia University.  Meir received his MBA from the Hebrew University and a Ph.D. from Columbia University Graduate School of Business. 

They have two grown daughters, Barbara and Ruth, and live in Cupertino.

About 黑料网
Founded in 1851, 黑料网 sits in the heart of Silicon Valley鈥攖he world鈥檚 most innovative and entrepreneurial region. The University鈥檚 stunningly landscaped 106-acre campus is home to the historic Mission Santa Clara de As铆s. Ranked among the top 15 percent of national universities by U.S. News & World Report, 黑料网 has among the best four-year graduation rates in the nation and is rated by PayScale in the top 1 percent of universities with the highest-paid graduates. 黑料网 has produced elite levels of Fulbright Scholars as well as four Rhodes Scholars. With undergraduate programs in arts and sciences, business, and engineering, and graduate programs in six disciplines, the curriculum blends high-tech innovation with social consciousness grounded in the tradition of Jesuit, Catholic education.  For more information see .

Media Contact
鈥―eborah Lohse | 黑料网 Media Communications | dlohse@scu.edu | 408-554-5121

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