Tuesday, September 28, 2010

Ex-Merck Chair and CEO Vagelos Donates $50 Million To Columbia Med School

This man was among Merck's finest. It is gratifying to see him using his well-earned bounty in this way. He was, in my estimation, at least -- ever a class act. A little more, per the Bloomberg wires, this morning:

. . . .The gift will support a $185 million plan to renovate the health complex in Manhattan’s Washington Heights neighborhood, the university said today in a statement. The donation means the university’s medical school has raised more than $1 billion.

Vagelos, 80, who graduated from Columbia’s College of Physician and Surgeons in 1954, is chairman of the medical center’s Board of Visitors. He was CEO of Whitehouse Station, New Jersey-based Merck from 1985 to 1994, and chairman from 1986 until 1994. He is now chairman of Regeneron Pharmaceuticals Inc., based in Tarrytown, New York. Diana Vagelos graduated from Columbia’s Barnard College in 1955. . . .

Good on ya', Roy. [Which of course reminds me: where is a med school bearing Ex-CEO Hassan's name -- accompanied by a similarly-outsized donation (to be comparable, it ought to be north of $100 million)? Right. Don't hold your breath.]

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