Henry B. Reiling, HBS professor emeritus, dies at 80

first_imgHenry (Hank) B. Reiling, Harvard Business School’s Eli Goldston Professor of Business Administration, Emeritus, and an authority in law, taxation, and finance whose extraordinary teaching abilities and course development had a profound impact on thousands of M.B.A. students and business leaders, died on Jan. 21 in Belmont, Mass. He was 80 years old.Reiling joined the Harvard Business School (HBS) faculty in 1976 and was appointed the first Goldston Professor in 1978. He retired in 2005 but remained active as a Baker Foundation Professor until 2012.Reiling taught finance in the School’s M.B.A. required curriculum and a number of elective M.B.A. courses, including the popular Tax Factors in Business Decisions. He co-designed and taught Leadership and Corporate Accountability (LCA), the School’s first required course to examine the ethical, legal, and economic responsibilities of corporate leaders. It embodied a management philosophy shared deeply by Reiling, who encouraged his students to achieve success “with good judgment and the right way.”Reiling believed “that great leaders are motivated by their concern for other people, or by causes greater than themselves, and that our nation’s social problems will not get solved unless innovative businessmen, who sense a changing world and feel challenged, react in a fashion likely to produce profit, as well as imaginative response to social need.”“Hank Reiling was a gifted colleague who left an indelible mark on the School over four decades,” said HBS Dean Nitin Nohria. “Working closely with him on the development of LCA, I saw firsthand how he leveraged his expertise and experience to help students understand not just the legal issues business executives face, but also the ethical responsibilities and qualities of business leadership required in a constantly changing world. Hank was a beloved professor who guided and mentored generations of students. He also was a true gentleman scholar, who touched all who had the privilege of knowing and learning from him.”In addition to teaching M.B.A. students, Reiling was actively involved in the School’s executive offerings. For years he taught and chaired Finance for Senior Executives, and co-chaired Strategic Finance for Smaller Businesses. He also taught in the School’s program for international senior managers, held in Boston and Vevey, Switzerland.Reiling brought a unique set of interests to the School that reflected his multidisciplinary training in law and business. He had a wide and deep knowledge of the legal process and how it evolves and changes, and a keen understanding of tax issues and matters of corporate finance.His research focused on the intersection of law, accounting, and finance. He most recently studied the complex issues confronted by family businesses as their leadership transfers between generations.He is the co-author of “Business Law: Text and Cases” (1982) and articles in Harvard Business Review, Michigan Law Review, the Journal of Accountancy, and other leading journals. A prolific case writer, he produced dozens of HBS case studies, notes, and other teaching materials.Henry B. Reiling was born Feb. 5, 1938 in Richmond, Ky. He spent his college years on Chicago’s North Shore at Northwestern University, where he received a degree in history. He went on to earn an M.B.A. from Harvard in 1962. He received a J.D. from Columbia in 1965.Prior to joining the HBS faculty, Reiling was a professor at Columbia Business School, where he won several distinguished teaching awards, and was a visiting professor at Stanford Graduate School of Business.A dapper man known for his immaculate dress and Southern charm, Reiling was widely admired and respected by students and faculty alike.With his aphoristic wit, he leavened even the most complex course material. “Hank communicated dense and at times dry subject matter clearly, simply, and with homespun charm,” recalls former student Sam Mencoff, M.B.A. ’81. “But what I remember most was not finance and tax theory, but Hank’s consistent emphasis on the importance of maintaining one’s ethical compass in business and in life,” adds Mencoff, who carried Reiling’s legacy of influence into his career. To honor Reiling, Mencoff and Greg Wendt, M.B.A. ’87, established the Professor Henry B. Reiling Fellowship Fund at the School in 2011. The fund held special meaning for Reiling, whose father died when he was 4 years old, and mother worked countless over time to pay for his and his sister’s higher education. “I’m sure there are many prospective HBS students today who will appreciate this fellowship as much as I did the financial support I received,” he said.Reiling’s lessons on life and leadership were published in the 2004 book “Remember Who Are: Life Stories that Inspire the Heart and Mind,” by Daisy Wademan, M.B.A. 2002, a collection of essays on personal leadership by 15 HBS faculty members.Reiling made many important contributions outside the classroom. He chaired a variety of University and professional committees, including Harvard’s Advisory Committee on Shareholder Responsibilities, and a Task Force of the American Bar Association, which effected a change in the federal taxation of stock purchase warrants.He co-founded a successful financial services company, and served as a director or advisory board member of more than a dozen for-profit (publicly traded and privately owned) companies and nonprofit organizations, including Northwestern University, where he was a trustee.After retiring from HBS, Reiling continued conducting research on family business succession while serving on several business, foundation, and educational institution boards, including the Board of Visitors of Northwestern University’s Weinberg College of Arts and Sciences. For years, he was Northwestern’s Boston-area Regent.A long-time resident of Lexington, Mass., Reiling is survived by his wife Carol and by children Christina R. Breiter, M.B.A. ’93, and her husband Hans C.R. Breiter; Maria H. Reiling, M.B.A. ’96, and her husband Reza Jamei; and Alexis Reiling Lessans and her husband Gregory P. Lessans; and nine grandchildren.Visiting hours will be Friday (Jan. 25) from 4 to 7 p.m. at Douglas Funeral Home, Lexington, Mass. The service will be held on Saturday at 1 p.m. Hancock Church in Lexington, with a reception to follow at the family house 28 Meriam St., Lexington. In lieu of flowers the family has requested donations be sent to the Professor Henry B. Reiling Fellowship Fund, by mailing to HBS Development Operations, Soldiers Field, Boston, MA 02163. Checks made payable to: Harvard Business School.For more information, visit the HBS website.last_img read more

Biles to USA Gymnastics: ‘You literally had one job and you couldn’t protect us’

first_imgSIMONE Biles, wiping away a tear, acknowledged to reporters Wednesday at the U.S. Championships how hard it is to compete for an organisation that “had failed us so many times.”Biles, who is going for a historic sixth all-around title this weekend in Kansas City, Missouri, again took USA Gymnastics (USAG) to task for failing to protect her and other athletes who were abused by team doctor Larry Nassar over the course of decades.The 22-year-old Biles announced in January 2018 on the eve of Nassar’s sentencing for sexual assault, that she too was abused by the Olympic and national team doctor. Hundreds of others have said they were also abused.Biles has continued to speak out about the scandal and the organisation’s failures as she’s racked up 19 consecutive all-round victories. She was asked about it during media availability ahead of the championships.Her comments came days after a congressional subcommittee found negligent behaviour by former U.S. Olympic Committee and USA Gymnastics executives that enabled Nassar.“The more I learn, the more I hurt,” she wrote. “USAG failed us. USOC failed us. Many failed us. And they continue to fail us.”Biles, a four-time gold medallist at the 2016 Rio Olympics, told reporters Wednesday seeing news about the scandal is difficult and can “hit you like a train wreck,” per NBC Sports. She continues to try and heal, but the lasting trauma makes certain aspects difficult.“And it’s just really sad, every time I go to the doctor or training I get worked on, it’s like I don’t want to get worked on. But my body hurts. I’m 22 and at the end of the day that’s my fifth rotation. And I have to go through therapy but it’s just hard and we try to work through it. It will take some time.“I’m strong. I’ll get through it. But it’s hard.”Nassar, who also assaulted gymnasts in his role at Michigan State University, is serving a life sentence and earlier this week his former boss at MSU, William Strampel, was sentenced to one year in jail in part for failing to properly oversee Nassar. (Yahoo Sport)last_img read more

Tour de France 2019: Elia Viviani gets first stage win; Julian Alaphilippe retains yellow jersey

first_img Tour de France 2019: Julian Alaphilippe takes yellow jersey after storming to stage three win Elia Viviani triumphed in a sprint finish in Nancy to claim his first Tour de France stage win as Julian Alaphilippe retained the yellow jersey.It was Viviani’s Deceuninck-Quick Step teammate Alaphilippe who attacked late in stage three and, determined not to be outdone, the Italian took the glory Tuesday when he crossed the line just ahead of Alexander Kristoff and Caleb Ewan. Tour de France 2019: Everything you need to know Tour de France 2019 by the numbers A three-rider breakaway of Yoann Offredo, Frederik Backaert and Michael Schar built an impressive gap of three minutes with over 200 kilometers remaining, with the trio maintaining an advantage until the latter stages.Two crashes held up the peloton in its pursuit, but the breakaway group eventually was caught in a dramatic approach to the line. Related News Viviani — who won omnium gold at the 2016 Olympics — came out on top after fantastic work from his team led by current leader Alaphilippe, who selflessly helped set the stage for the final sprint in the train.Points jersey leader Peter Sagan missed out on the podium in fourth, while defending champion Geraint Thomas maintained his position in seventh, 45 seconds behind Alaphilippe.A slow-motion look at @eliaviviani ’s win La victoire d’Elia Viviani en slow-motion #TDF2019 pic.twitter.com/8RA5jLko4O— Tour de France (@LeTour) July 9, 2019PERFECT TEAM WORKViviani has five Giro d’Italia and three Vuelta a Espana stage wins to his name, but he had to wait for one in Le Tour.However, thanks to what he hailed as “perfect team work,” the 30-year-old was able to celebrate the breakthrough.”That means a lot,” he said. “I can’t believe it. It was the big goal of the year. We missed our first chance to win a stage and take the yellow jersey, but after yesterday with Julian it was the moment the team switched on.”I just needed to do my job in the last few hundred meters. It is what I can do better if they launch me like that. I was focused on my lead out, it was perfect team work.”STAGE RESULT1. Elia Viviani (Deceuninck-Quick Step) 5:09:202. Alexander Kristoff (UAE Team Emirates) “3. Caleb Ewan (Lotto-Soudal) “4. Peter Sagan (Bora-Hansgrohe) “5. Dylan Groenewegen (Jumbo Visma) “CLASSIFICATION STANDINGS   General Classification1. Julian Alaphilippe (Deceuninck-Quick Step) 14:41:392. Wout van Aert (Jumbo-Visma) +0:203. Steven Kruijswijk (Jumbo-Visma) +0:25Points Classification1. Peter Sagan (Bora-Hansgrohe) 1042. Elia Viviani (Deceuninck-Quick Step) 813. Michael Matthews (Team Sunweb) 75King of the Mountains 1. Tim Wellens (Lotto Soudal) 72. Xandro Meurisse (Wanty-Gobert) 33. Greg van Avermaet (CCC) 2WHAT’S NEXT?Stage five brings with it the first true climbs of the Tour, with the 175.5km route through the Vosges area including tests such as the Cote des Trois-Epis and Cote des Cinq Chateaux.last_img read more