Brueckner
elected Chair
of Board of Trustees
 Richard F. Brueckner ’71 was elected Chairman
of the Board of Trustees at the group’s April 22-23 meeting.
He assumes his new responsibilities effective July 1, 2005. Previously,
he served as the Board’s vice chair.
“Every College hopes
to have an alumnus as accomplished and passionate about education
as Rich Brueckner,” said College
President Peyton R. Helm. “Muhlenberg is doubly blessed - first,
by Rich's distinguished past service and, now, by his willingness
to assume the ultimate volunteer leadership role on the Board of
Trustees. Rich and his family are deeply woven into the fabric of
this special place.
I am looking forward to working with him as we continue Muhlenberg’s
extraordinary momentum into the top echelons of private liberal arts
institutions.”
Brueckner is Chief Executive Officer of the
Pershing LLC, a subsidiary of The Bank of New York Company, Inc.
He is a governor of the NASD and director of the NASD-Regulation,
Inc. He is also on the Board of Directors of the Securities Industry
Association. He is a trustee of the Foundation for Investor Education
and was Chairman of its predecessor organization, the Securities
Industry Foundation for Economic Education. He has previously served
on the boards of the United Way of Hudson County, N.J., the Frontier
Trust Company, Archipelago, LLC and the Depository Trust Company
among others.
Brueckner has earned the Baker Award for Advancement
of Economic Literacy from the National Council on Economic Education,
as well as an award for outstanding service to the capital markets
from the American Museum of Financial History.
His wife, Laurie,
graduated from Muhlenberg in 1972, and his son Erik
graduated in 2004.
Coach Carter Comes to Muhlenberg
 Coach Ken Carter, the man on whom the movie “Coach
Carter” is
based, spoke to a packed crowd in Empie Theatre Monday, February
21, 2005 at 7:30 p.m.
Carter is a controversial high school basketball
coach who received both high praise and staunch criticism when
he made national news in 1999 for benching his entire undefeated
basketball team for poor academic performance. Because of his action,
several of Carter’s
1999 team members went on to earn four-year athletic scholarships,
including his own son Damien, who was awarded full scholarship
to West Point Military Academy.
Carter was selected to carry the
Olympic flame on January 19, 2002, as it made its way to the Salt
Lake City winter Olympics.
The event was co-sponsored by the Student
Activities Office, Student Leadership Development & Greek Affairs
Office and the Office of Admission.
Moody’s Affirms
College’s
Long-Term A1 Rating
Moody’s Investors Service has affirmed Muhlenberg
College’s A1
long-term rating. The College has
now maintained this solid status since January of 2002.
“Muhlenberg College is vigilant
about its finances,” said Kent Dyer, the College’s Chief Business
Officer. “We are pleased to receive this recognition from a respected
third party.”
According to Moody’s, the outlooks for the A1
rating remain stable. This rating is based on the agency’s
expectation of manageable debt levels, continued strong operating performance
leading to comfortable debt service
coverage, and stable enrollment in
the context of strengthening student demand. The rating applies to $24.9 million
on outstanding Series 1997 and Series 2001 Revenue Bonds; the former were issued
through the Lehigh County General Purpose Authority and the latter were issued
through the Pennsylvania Higher Educational Facilities Authority.
The College possesses numerous strengths that were
recognized by Moody’s, including the excellent
operating performance with a three
year average margin of 11.9%, a balance sheet cushion with expendable financial
resources covering debt 3.7 times,
manageable capital and borrowing plans including roughly $28 million
of additional debt anticipated this year and a solid fundraising track record
with over $7 million in gifts per year
in the recent past.
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• Spring
2005
