Media Releases

PhD Fellowships Established at UofT’s Rotman School of Management

February 17, 2011

TORONTO, ON – A pro­fes­sor emer­i­tus at the Rot­man School of Man­age­ment at the Uni­ver­si­ty of Toron­to is hon­our­ing four for­mer fac­ul­ty mem­bers who were piv­otal in the estab­lish­ment of the school’s PhD pro­gram by cre­at­ing four fel­low­ships for doc­tor­al stu­dents.

Pro­fes­sor Emer­i­tus William Waters, MBA’62, has com­mit­ted up to $1,000,000 in match­ing funds towards the fel­low­ships in hon­our of the late Myron J. Gor­don, Pro­fes­sor Emer­i­tus of Finance, the late War­ren Main, a pro­fes­sor emer­i­tus and for­mer Dean of the school, the late James Poapst, a pro­fes­sor emer­i­tus of finance, and Robert J. House, Joseph Frank Bern­stein Pro­fes­sor of Orga­ni­za­tion­al Stud­ies; Pro­fes­sor of Man­age­ment, Whar­ton School of Busi­ness, Uni­ver­si­ty of Penn­syl­va­nia.  Funds raised for these fel­low­ships will also be matched by the Uni­ver­si­ty of Toron­to, thus tripling each donor’s invest­ment.

Prof. Waters joined the school in 1964 and taught gen­er­a­tions of stu­dents dur­ing his thir­ty-five year career. He col­lab­o­rat­ed with his col­leagues on the con­tin­u­al expan­sion and growth of the school and its pro­grams such as the launch of Canada’s first doc­tor­al pro­gram in busi­ness in 1969 and also the country’s first Exec­u­tive MBA pro­gram in 1983.

“I know that all of us were, or thought we were, good at what we did, but expe­ri­ence in the train­ing and men­tor­ing of Ph.D. stu­dents was not in our reper­toires,” says Prof. Waters. “These four col­leagues took lead­er­ship in the train­ing and men­tor­ing of PhD stu­dents and in the process mold­ed the fac­ul­ty.  As a result, we are able to take great pride in our PhD grad­u­ates today.”

Prof. Myron Gor­don, who passed away in 2010, wrote more than one hun­dred books and arti­cles on top­ics includ­ing: the cost of cap­i­tal and val­u­a­tion of cor­po­ra­tions; the reg­u­la­tion of pub­lic util­i­ties; growth and secu­ri­ty under wel­fare cap­i­tal­ism; and eco­nom­ic devel­op­ment in Chi­na. He was known espe­cial­ly for the Gor­don Growth Mod­el, first pub­lished in 1959, and still used exten­sive­ly by finan­cial pro­fes­sion­als in the val­u­a­tion of com­mon stock. He received his B.A. from the Uni­ver­si­ty of Wis­con­sin in 1941, and his Ph.D. from Har­vard Uni­ver­si­ty in 1952. He held fac­ul­ty appoint­ments at Carnegie Mel­lon Uni­ver­si­ty (1947–1952), the Mass­a­chu­setts Insti­tute of Tech­nol­o­gy (1952–1962), and the Uni­ver­si­ty of Rochester (1962–1970).In 1970, Prof. Gor­don came to the Uni­ver­si­ty of Toron­to. He con­tributed sig­nif­i­cant­ly to the School’s devel­op­ment through his teach­ing, his men­tor­ing, and his research. In 1985 he became a Pro­fes­sor Emer­i­tus.

War­ren Main was a Pro­fes­sor of Eco­nom­ics and Direc­tor of UofT’s School of Busi­ness from 1960 to 1971.Dr. Main joined U of T’s Insti­tute of Busi­ness Admin­is­tra­tion in 1953 from the Uni­ver­si­ty of Saskatchewan. In 1960, the year he was appoint­ed its direc­tor, the insti­tute was renamed the School of Busi­ness. Dur­ing his time as direc­tor, he increased the num­ber of full-time aca­d­e­m­ic staff at the School to 27 from 12. Dr. Main also suc­ceed­ed in the con­vinc­ing the University’s admin­is­tra­tion to sup­port the estab­lish­ment of the first Ph.D. pro­gram in busi­ness in Cana­da. He was an alum­nus of UofT, hav­ing obtained an M.A. (1943) and Ph.D. (1953). He com­plet­ed under­grad­u­ate stud­ies at McMas­ter Uni­ver­si­ty in 1938. Fol­low­ing his term as Direc­tor of the School, he con­tin­ued to teach and even returned to an admin­is­tra­tive role as an asso­ciate dean for a peri­od, before ful­ly retir­ing in the mid-1980s. War­ren Main passed away on June 26, 2005.

James Poapst was Pro­fes­sor Emer­i­tus at the Rot­man School. After serv­ing in the Roy­al Cana­di­an Air Force in World War Two, Prof. Poapst grad­u­at­ed from McGill Uni­ver­si­ty with a B.Com. in 1947; he obtained his M.Com. in 1950. He first worked as an econ­o­mist at Cana­da Mort­gage and Hous­ing Cor­po­ra­tion in Ottawa before join­ing the Insti­tute of Busi­ness Admin­is­tra­tion at U of T in 1956 as Pro­fes­sor of Finance. He taught at the Uni­ver­si­ty of Toron­to for over 35 years, ulti­mate­ly becom­ing Asso­ciate Dean (Exec­u­tive Devel­op­ment) in the Fac­ul­ty of Man­age­ment Stud­ies. James Poapst passed away on Sep­tem­ber 16, 2009.

Robert House is Joseph Frank Bern­stein Pro­fes­sor of Orga­ni­za­tion­al Stud­ies and Pro­fes­sor of Man­age­ment at the Whar­ton School, Uni­ver­si­ty of Penn­syl­va­nia, a posi­tion he has held since 1988. His research areas include lead­er­ship, moti­va­tion, per­son­al­i­ty and per­for­mance, and cross-cul­tur­al orga­ni­za­tion­al behav­iour. He has pub­lished over 130 jour­nal arti­cles; in total, his arti­cles have been reprint­ed in approx­i­mate­ly 50 antholo­gies of read­ings in Man­age­ment and Orga­ni­za­tion­al Behav­ior. Pri­or to his appoint­ment at the Whar­ton School, Dr. House was the Sec­re­tary of State Pro­fes­sor of Orga­ni­za­tion­al Effec­tive­ness at the Rot­man School of Busi­ness (1986–1988). He joined the Uni­ver­si­ty of Toron­to in 1973 as Shell Pro­fes­sor of Orga­ni­za­tion­al Behav­iour. Pre­vi­ous­ly, Dr. House held fac­ul­ty appoint­ments at Ohio State Uni­ver­si­ty, Uni­ver­si­ty of Michi­gan and City Uni­ver­si­ty of New York. He received his Ph.D. in man­age­ment from Ohio State Uni­ver­si­ty in 1960.

Today, the PhD Pro­gram at the Rot­man School attracts a high­ly diverse group of stu­dents from many coun­tries, cul­tures and back­grounds, Rot­man PhD alum­ni lead in their fields of research and are aggres­sive­ly sought after by uni­ver­si­ties world­wide. Grad­u­ates of the pro­gram can be found in lead­er­ship and tenure-track posi­tions at some of the world’s most pres­ti­gious busi­ness schools. The pro­gram is designed to pre­pare indi­vid­u­als for aca­d­e­m­ic, and research careers. The Rot­man PhD is offered with spe­cial­iza­tions in Account­ing, Finance, Mar­ket­ing, Oper­a­tions Man­age­ment, Orga­ni­za­tion­al Behav­iour and Human Resource Man­age­ment, and Strate­gic Man­age­ment. Fur­ther details are online at

The Rot­man School of Man­age­ment at the Uni­ver­si­ty of Toron­to is redesign­ing busi­ness edu­ca­tion for the 21st cen­tu­ry with a cur­ricu­lum based on Inte­gra­tive Think­ing. Locat­ed in the world’s most diverse city, the Rot­man School fos­ters a new way to think that enables the design of cre­ative busi­ness solu­tions.  The School is cur­rent­ly rais­ing $200 mil­lion to ensure Cana­da has the world-class busi­ness school it deserves. For more infor­ma­tion, vis­it


For more infor­ma­tion, please con­tact:

Ken McGuf­fin
Man­ag­er, Media Rela­tions
Rot­man School of Man­age­ment
Uni­ver­si­ty of Toron­to
Phone: 416–946-3818
Fol­low Rot­man on Twit­ter — @rotmanschool