Rutgers' School of Management and Labor Relations Announces 2010-2011 Beyster Fellows to Study Employee Ownership

NEW BRUNSWICK, N.J., June 15 /PRNewswire-USNewswire/ -- Rutgers University's School of Management and Labor Relations (SMLR) has announced the recipients of the 2010-2011 Beyster Fellowships to support scholars in the field of employee ownership.

The annual fellowship program was established with a major gift from Dr. J. Robert Beyster and Mary Ann Beyster of La Jolla, Calif., with a grant from the Foundation for Enterprise Development in 2008. The fellowships honor Dr. Beyster's many accomplishments in the area of employee stock ownership, profit sharing and broad-based stock options.

The competitive fellowships identify the most distinguished young scholars around the country and support their scholarly work. "SMLR has developed the leading interdisciplinary research program in the world on issues of shared capitalism and the role of the corporation in society," said Dean David Finegold. "The fellowship program allows Rutgers to bring together the best talent in the nation with its established researchers in order to make significant progress in understanding these important issues."

The new Beyster Fellows are:

• Karen F. Bernhardt-Walther, a doctoral candidate in economics at the University of Chicago's Booth School of Business, who is working on a theoretical model of shared ownership in different organizational forms
• Mark Kaswan, a post-doctoral fellow who recently received his doctorate in political science from UCLA and studies the role of worker ownership in the political economy of a democracy
• Paige Parker Ouimet, an assistant professor in finance at the University of North Carolina-Chapel Hill's Kenan-Flagler School of Business, who is conducting research on broad-based stock options and corporate performance, and who will be a visiting assistant professor at SMLR during the summer
• Sally Sledge, an associate professor at Norfolk State University's School of Business, who is examining business ethics issues.

Dr. Beyster founded Science Applications International Corp. (SAIC) in 1969 and is its former chairman and CEO. Under his leadership, SAIC grew to over $7 billion in annual revenues and more than 40,000 workers, becoming the largest employee-owned research and technology company in the U.S. Broad-based ownership and profit-sharing were key to enabling the firm's entrepreneurial culture and its employee motivation to work on nationally important problems.

Beyster founded the Foundation for Enterprise Development in 1986. His daughter, Mary Ann Beyster, is president of the foundation, which funds interdisciplinary research and development of business school, entrepreneurship and engineering curricula on broad-based employee ownership. More about the foundation can be found at www.fed.org.

Beyster received his bachelor's, master's and doctoral degrees in engineering and physics from the University of Michigan. He began his career in the early 1950s as a senior scientist at Westinghouse. He then worked as a physicist at Los Alamos National Scientific Laboratory. He joined General Atomic in 1957 as chair of the Accelerator Physics Department. He has written or co-authored approximately 60 books, publications, and reports.

SOURCE Rutgers University's School of Management and Labor Relations

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