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black and white photo of Glenn Overman cutting the ribbon to the new Business Administration
black and white photo of Glenn Overman in plaid suit jacket sitting at his desk in front of book shelves
Founding Dean Glenn Overman cuts the ribbon to the new Business Administration building in October 1968, surrounded by faculty, staff, and media. Assisting him is Professor William Huizingh (left), who served as chairman of the accounting department from 1964 to 1969 and as associate dean from 1970 to 1985 — Overman’s trusted right hand.

70 Years of Impact

On Nov. 20, 1954, the Arizona Board of Regents met to discuss whether to approve the Hollis Report, which proposed the creation of four colleges within Arizona State College: education, applied arts and sciences, liberal arts, and business. The board members clashed during the tense meeting and ended up divided. Gov. J. Howard Pyle ended up casting the tie-breaking vote to approve the report.

With that vote, Pyle elevated the business department to the College of Business Administration on July 1, 1955.

In the decades since, the school has undergone an extraordinary transformation: It has added degrees, established centers, and welcomed a series of deans. What began as a student body of less than 1,000 has become one of the nation’s largest and most promising business schools. As captured in Arizona State College’s 1955 Sahuaro yearbook, the student body’s aspirations were clear: “On our friendly, democratic campus, students from every state in the union seek a source of power and happiness — the gold of knowledge for a richer, fuller life.” While that sentiment remains true today, the business school is now a global community, welcoming students from every U.S. state and 120 countries worldwide.

Arizona citizens passed Prop. 200 in 1958 to make Arizona State College, the state’s first higher education institution, a university. Four years later, the business school secured accreditation from the Association to Advance Collegiate Schools of Business, the most prestigious and longstanding accreditation available for business schools. At the time, ASU was one of only 110 accredited colleges of the nation’s 500 business schools, an achievement that recognized the school’s commitment to innovation, connection, and quality education.

side view of Business Administration building driveway in October 1968
pond side view of Business Administration building staircase in October 1968
aerial view of Business Administration building backside in October 1968
aerial view of Business Administration building courtyard in October 1968
The early 2000s marked a turning point for the school with William Polk Carey’s $50 million endowment, the second-largest single donation to any U.S. business school and the most significant philanthropic investment in ASU’s history at the time, at which point the college was renamed the W. P. Carey School of Business.

Today, graduates join a network of 130,000 strong, while students have more than 60 ways to earn a business degree. With new, relevant offerings such as the bachelor’s degree in real estate and applied finance and the first master’s degree in artificial intelligence in business in the nation, the school prepares leaders to thrive in an evolving business landscape.

And W. P. Carey isn’t stopping there. The school’s impact extends beyond the classroom with research and services, including those offered through the Center for Services Leadership and the Seidman Research Institute, both of which have provided the local business community with business strategy guidance, consulting resources, and leadership insights for 40 years.

So happy 70th birthday to the W. P. Carey School of Business! It’s a milestone that invites us to honor the legacy of the small department that grew into the largest business school in the nation while looking to a future defined by continued impact, bold innovation, and an unwavering commitment to shaping the next generation of learners and leaders.

Join us in shaping the next 70 years — connect with fellow alums, support student success, or explore opportunities to give back: wpcarey.asu.edu/changing-futures

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