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WMU finance professor named endowed chair

Dec. 16, 2010

KALAMAZOO--Dr. David Burnie, professor of finance and commercial law at Western Michigan University, has been named the National City Corp. Endowed Chair in Finance and Commercial Law, recognizing the longtime WMU educator for his superior work both inside and outside the classroom.

Photo of Dr. David Burnie, WMU.The award includes a stipend, as well as funding for research and research-related expenses. It is bestowed for three years with the opportunity for renewal pending continued outstanding contributions.

"The award is given to an outstanding faculty member with a rank of assistant professor or higher who has demonstrated exceptional contributions to his or her discipline," says Dr. Kay Palan, dean of WMU's Haworth College of Business. "All aspects of academics were considered in the selection, including teaching, research and service."

Bernie joined the WMU faculty in 1987 and has been active as a researcher and administrator, as well as a teacher. He previously served as Haworth College of Business associate dean, providing administrative leadership of all aspects of graduate education, oversight of the graduate programs both domestic and international and managing relationships with all off-campus MBA sites. He also helped found the college's Co-Op MBA Program.

His research has covered a variety of topics including the valuation of corporate governance issues, security return distributions and institutional holdings, debt securities, initial public offerings, mergers and acquisitions, rights, options, dividend reinvestment plans and repurchases.

The endowed chair is the result of a $1.5 million multi-year gift from National City, now PNC Bank, to WMU announced in 1991. Dr. Ajay Samant was the most recent previous recipient of the award. He currently serves as dean and professor of finance at Coggin College of Business, University of North Florida.

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Media contact: Mark Schwerin, (269) 387-8400, mark.schwerin@wmich.edu

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