CSR Press Release

WILTON, CT – March 26, 2007 – The Deloitte Foundation, a not-for-profit arm of Deloitte & Touche USA LLP, and the Management Education Alliance (MEA) today announced the first education grant recipients of its jointly-sponsored Minority Faculty Executive Education Program. The new program was designed to provide professional development opportunities to minority professors on real-world business issues and management trends.

The $25,000 grant from the Deloitte Foundation will send thirteen minority faculty chosen from schools that are members of the MEA to Executive Business Training programs to be held at either Harvard Business School or the Harvard Kennedy School of Government's Executive Education Programs. The program will run from May through October 2007.

The targeted executive training classes are designed to familiarize minority educators with key business developments, with instruction in a range of topics including human capital management, marketing strategy, mergers and acquisitions, leadership development, performance management and financial analysis.

"Our involvement as a sponsor of this program demonstrates our continuing commitment to education and diversity," said Shaun Budnik, president of the Deloitte Foundation. "Importantly, the program is designed to familiarize faculty with the types of business issues that are faced outside the classroom with the hopes of better educating future business leaders."

"The MEA acknowledges the important work of the Deloitte Foundation in supporting the professional development of minority professors, a common goal that we each share," said Francis Aguilar, Executive Director of the MEA and Harvard Business School Professor Emeritus.

Added Aguilar, "The thirteen outstanding professors selected for this year represent a diverse team of academicians who bring their own unique perspectives to this important educational experience. They will be exposed to new concepts and emerging developments in their fields of specialization. They will observe world-class teachers in action and experience new teaching methods and materials. And possibly most important, they will make valuable contacts with experienced managers in their field that can lead to continuing interaction with the business community."

The faculty members who have been selected for this program include:

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