President’s Corner


President's CornerDear Colleagues,

As 2012 draws to a close, it is tempting to look back at the year that was and recount all of Pace’s highlights and achievements. Such an endeavor, however, would take far more space than I am allotted here, so I am going to focus my reflections on the remarkable month that was November 2012 because it was filled with so many moments of pride for our University.

Let me begin with our outstanding undergraduate economics team, which placed first in the New York Federal Reserve College Challenge and then third at the national competition in Washington, DC. This was a terrific achievement and a proud moment for these students, their talented, and dedicated faculty coaches—Gregory Colman, associate professor of economics, Mark Weinstock, lecturer in economics, and Anna Shostya, assistant professor of economics—and the University as a whole. The Pace economics team demonstrated all you can accomplish when you find your passion, seek mastery of your subject, and work together to achieve a collective goal. Indeed, to top off its first place finish in the New York competition, the team also received the Lloyd Bromberg Teamwork Award.

While we celebrated the success of our students and faculty, others took notice as well. Just a few days after our team’s success, we welcomed to campus William C. Dudley, president of the New York Federal Reserve, for the latest edition of InsideTrack. Before he began his prepared remarks, President Dudley made a spontaneous pitch to the Pace students in the audience, urging them to come work at the New York Fed. One of the most powerful and influential figures in American economic circles, President Dudley knows the power of a Pace education. He has seen it in action, working with and leading some of the hundreds of Pace alumni who have worked at the Fed over the years.

Pace alumni are known for their depth of knowledge and their ability to get a job done. We help them gain these skills in the classroom and through our thriving internship program. This real-world work experience is a hallmark of the Pace education, and it is something that we are becoming increasingly known for within higher education and by the general public. In November, U.S. News and World Report highlighted our excellence in this area, naming our internship program fifth in the nation.

Another hallmark of the Pace education is our commitment to civic engagement. This was recently given vivid expression when NYPD Officer and Pace graduate Larry DePrimo ’09 gave a homeless, shoeless man in Times Square a pair of boots and warm socks. This simple act of kindness and compassion captured the hearts of people throughout our city and across the nation. We take pride in knowing that it also captured the great character and personal initiative of the Pace Community.

While all of these wonderful moments happened in a single month, they exemplify the enduring Pace spirit and the excellence that we all strive for throughout the year. Thank you for your spirit, your excellence, and your commitment to Pace University.

You have my best wishes for a happy and healthy holiday season.


Stephen J. Friedman

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