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Citadel News Service
24 Apr 2007

Business leaders honored at Hall of Fame banquet

by Cadet Tara Woodside

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The School of Business Administration held the fourth annual Hall of Fame Awards Banquet April 19. This year’s Leaders of Principle Awards were presented to Charleston Mayor Joseph P. Riley Jr., Edward T. Pendarvis and W. Hayne Hipp. Sallie L. Krawcheck was awarded the Alvah H. Chapman Jr. Award. The program was generously sponsored by The Citadel class of 1965.

Riley, who has served as mayor for eight consecutive terms, told cadets he realized Charleston would never become a great city if residents did not join together. He ran for his first term of office in 1975, he said, so he could build a bridge between the people of the then-racially polarized city.

To achieve his vision of making Charleston a great city, Riley raised taxes to give the city a much-needed makeover which included a better-trained police force and more dedicated public service workers. Now, more than 30 years later, Charleston not only boasts a better team of police officers and public service workers, but also a revitalized downtown including the elite King Street shopping district and Waterfront Park. Residents have also seen a significant decrease in taxes over the years. Riley is a 1964 graduate of The Citadel.

Pendarvis, who graduated from The Citadel in 1965, served two years in the U.S. Army Artillery before beginning his long and distinguished business career. He is currently the chairman of Sunbelt Business Advisors Network, LC, which boasts more than 350 United States offices and 11 foreign offices, making it the largest small business brokerage network in the world.

Pendarvis assured cadets that they will have an advantage when they enter the business world, not only because of the college’s strict honor code, but also because of the simple requirement that they attend each class as part of their cadet duty.

Hipp is a Washington and Lee graduate and the former CEO of the Liberty Corporation, a New York Stock Exchange corporation. He has worked in real estate, insurance and television. Perhaps his most notable achievement, however, is the founding of the Liberty Fellowship, a two-year seminar and service project program co-conducted with the Aspen Institute and Wofford College. After four years, the program has been enormously successful in training the business and non-profit leaders of South Carolina. Hipp explained his privately funded intensive leadership-training program as a way to give back to the state.

“To me,” said Hipp, “leadership is giving.”

Krawcheck, who earned her undergraduate degree in journalism from the University of North Carolina, is the chairman and CEO for Citi Global Wealth Management and oversees the Citi Private Bank, Citi Investment Research and Citi Smith Barney. She has been recognized as one of Time Magazine’s “Global Business Influentials,” and Fortune magazine’s “Most Influential Person Under the Age of 40.”

“Make no mistake, leadership is hard work,” Krawcheck said.

Leadership is hard, she said, because a leader has to be more committed than anyone else in the organization. People do not want to be led by a person who is not committed.

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The awards banquet took an unscripted turn when School of Business Dean Earl Walker was awarded the Leader of Principle Award by Lt. Gen. John W. Rosa, USAF (retired), president of The Citadel. 

“Surround yourself with the best people you can find,” she said. “It’s easy to surround yourself by friends. Surround yourself with different people.”

The awards banquet took an unscripted turn when Bill Moody, president of the advisory board for the School of Business, asked Lt. Gen. John W. Rosa, USAF retired, president of The Citadel, to make a presentation. Rosa presented School of Business Dean W. Earl Walker with the Leader of Principle Award.

Since coming to The Citadel in 2001, Walker started a successful mentors program for business students and founded the School of Business Hall of Fame. Walker was recognized for his dedicated and selfless service to The Citadel School of Business Administration and for leading the school into the 21st century.

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