2013 Spencer C. Schantz Distinguished Lecture Series
Ralph E. Gomory
New York University
Public Lecture - Thursday, April 18, 2013
3:30pm Sinclair Auditorium
Title: New Goals for American Corporations
What should we expect of our great American Corporations? Is the present dominant corporate goal of maximizing return to the shareholders the right answer to that question? A historical view suggests that, for the country as a whole, the current goal may not be the right answer and suggests some other possibilities.
Technical Talk - Wednesday, April 17, 2013
4:00pm Mohler Lab room 451
Problems Create Mathematics
Although the term “Applied Mathematics” tends to suggest applying a ready-made piece of mathematics to solve a practical problem; applied mathematics is not always like that. Often, even in today’s world with all its riches of mathematical knowledge, practical problems still cause the creation of new mathematics. Examples will be given from my own experience.
Ralph Gomory is well-known for his mathematical research and his technical leadership. For twenty years he was responsible for IBM’s Research Division, and then for 18 years was the President of the Alfred P. Sloan Foundation. He is currently a Research Professor at New York University. In addition to mathematics, he has written extensively about globalization, trade, research, and technology, and has testified before Congress on numerous occasions. He has been awarded the National Medal of Science.
About Spencer C. Schantz
This lecture series is endowed in the name of the late Spencer C. Schantz, who graduated from Lehigh in 1955 with a B.S. in Industrial Engineering. Following progressive responsibilities with several electrical manufacturing companies, in 1969 he founded U.S. Controls Corporation and became its first CEO and President. The Spencer C. Schantz Distinguished Lecture Series was established by his wife Jerelyn as a valuable educational experience for faculty, students and friends of Lehigh’s Industrial and Systems Engineering department.
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