October 23, 2002

Page 1

Wednesday, October 23,2002

Sunshine High 70, Low 45 www.chronicle.duke.edu Vol, 98, No.

43

The Chronicle 1 I

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Strictly Business Across campus, the CEOs of student-run companies are trying to balance the bottom line and student life See TowerView inside

THE INDEPENDENT DAILY AT DUKE UNIVERSITY

Campus Council proposes bar in WEL Fundraising

officer to join division

By MEGAN CARROLL The Chronicle

Campus Council passed a resolution last week recommending potential uses for the unfinished floors of McClendon Tower in the West-Edens Link—most notable among them a bar-type space that students have been asking for since the Hideaway closed two years ago. Campus Council spent three weeks discussing and drafting the recommendation, which calls for a “Duke sports• themed lounge” on floor five in addition to a screening room on floor two and a game room on floor three. The lounge would serve beer and some mixed drinks along with nonalcoholic beverages and food, although the atmosphere would be different from the Hideaway’s. A stage would also be available to student groups who are interested in performing or sponsoring entertainment events. Andrew Nurkin, president of Campus Council, said the recommendation might not influence the decision—which ultimately belongs to administrators —on how to use these spaces anytime soon. The floors are not yet completed, and campus leaders want to consult the new director of residential life and housing services, Edward Hull, who will not arrive until Nov. 1. “I don’t anticipate this happening this year because the construction and logistics are extensive,” said Nurkin, a senior. Larry Moneta, vice president for student affairs, declined to comment on the recommendation. “First, I await the arrival of our new [residential life and housing services] director whose input I seek on this project. Second, I feel com-

� Student Affairs will gain its own development officer beginning this winter, as part of a reorganization of the division. By WHITNEY BECKETT The Chronicle

JESSICA WEST/THE CHRONICLE

LESLIE LAMBERT, a sophomore, waits on sophomore Tony Fernandez at the bar in The Oak Room Grille. Campus Council proposed adding another bar on campus, in the West-Edens Link. pelled to get back to Campus Council lar programming “intentionally vague.” with my reaction to the proposal before “There is a more collaborative spirit,” speaking publicly about it,” he explained he said, explaining that Campus Council in an e-mail. would be interested in approaching stuAt last week’s meeting, Assistant dent groups like the Union to help plan Dean of Residential Life and Housing the tower’s events. Services Deb Loßiondo said the proposal The lounge and game room could remay create a rivalry with the Duke Uni- semble the Armadillo Grill and the pool versity Union, which sponsors events in tables in the Bryan Center. However, the Armadillo Grill bar. However, Nurkin said Campus Council left its role in reguSee WEL LOUNGE on page 7

Citing a growing importance and stature of Student Affairs at the University, officials are in the process of recruiting a new development officer specifically dedicated to the division. The fundraising position, which Moneta outlined in his reorganization ofStudent Affairs, will likely be filled this semester and occupied by January. “It’s an important near-final position in the reorganization,” Moneta said. The search has narrowed to five finalists, who will be interviewed over the next month. Caroline Nisbet, director of resource administration for student affairs, said the search committee is looking for an officer with a connection to student issues and at least five years of diversified fundraising experience with specific focus on major gifts. “There’s a lot of things changing in Student Affairs, and there are a lot of needs,” said Nisbet, who is leading the search committee. See STUDENT AFFAIRS on page 7

SEC chair stresses need for responsibility to investors By TRACY REINKER The Chronicle

In the wake of corporate scandals such as Enron and World Com, the role of corporate directors as promoters of investors’ confidence and proponents of investors’ interests is more important than ever before, Harvey Pitt, chair of the Securities and Exchange Commission, said in a speech at the Washington Duke Inn

Tuesday. The keynote address on the second night of

The Directors’ Education Institute, sponsored by the Global Capital Markets Center, ad-

In related news Leo O’Neill, president of Standard and Poor’s, spoke Tuesday on restoring trust in American corporations. See page 3

dressed the issues of market integrity, investor confidence and government reforms in response to recent economic events. “By now, we’re all painfully familiar with the spate of high-profile corporate failures,” Pitt said. “We must reassure investors that such abuses of the system are not, and will not be allowed to become the norm in American business.” Pitt outlined three ways to achieve this goal. First, he noted the need for legislative action such as the recently signed Sarbanes-Oxley

Inside

Act, which implements new legal standards

corporations. He also emphasized the need for govern ment involvement in regulation and enforc ment and, finally, urged the individuals volved in the corporate system to strive for t. highest standard of professionalism. “This institute, an initiative I strongly a plaud, falls in the third category,” Pitt said. The first half of the speech focused on th need for increased individual responsibili personal ethics and professionalism.

“Corporate directors represent the shar holders of public companies,” Pitt explaine* “Public investors put their faith in you. With out honest, wise and experienced directoi public investors would not trust their funds the managers.” Pitt pointed to the example of Wendy’ founder Dave Thomas, who established the David Thomas Executive Conference Center Duke. He said directors should approach the jobs “as Mr. Thomas did, with the attitude not cutting comers, of working hard, of stayf humble, of taking nothing for granted and seizing opportunities.” Pitt addressed the ways in which the SEi and Congress are working to reform the system

M e di ca l center researchers are investigating whether controlled hypothermia can help prevent long-term brain damage in brain injury patients. See page 4

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See PITT on page 8

HARVEY PITT, chair of the federal Securities and Exchange Commission, speaks to an audience at the Washington Duke Inn about restoring investor confidence.

Mitch Hart, founder of The Home Depot, Inc., and benefactor of the Hart Leadership Program, called for a higher standard of corporate ethics. See oaoe 5

The Graduate and Professional Student Council heard a report from Director of Parking and Transportation Catherine Reeve on graduate student parking. See page 6


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October 23, 2002 by Duke Chronicle Print Archives - Issuu