Harbert Donates $40 million to Auburn Univ., Largest Gift in School's History

Tools

By Alabama News Network

AUBURN, Ala. (AP) - Birmingham businessman Raymond J. Harbert has committed to give $40 million to the Auburn University College of Business. School officials say it's the largest gift in the university's history.

Following the announcement, the university's board of trustees voted Friday to name the business school the Raymond J. Harbert College of Business.
Harbert is chairman and CEO of Harbert Management Corp., a Birmingham-based independent investment firm. He has served as president pro-tem of the Auburn University Board of Trustees.
Harbert saBys he made the commitment because he wanted to help Auburn University become "the best it can be." He says he hopes the gift will help Auburn's business school seek out top professors who will challenge students.
AU President Jay Gogue said the gift makes an important statement about AU's image.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Add a comment

Name:

Comment: 1000 Characters Left

CBS 8 News and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.



What's onFull Schedule

Hot Video From AP

AP Video