Allen Questrom and his wife Kelli have donated $50 million to Boston University’s School of Management, which has been renamed the Questrom School of Business. The Questroms’ gift, the largest ever received by Boston University, will endow 10 faculty chairs and enable planning to establish a new graduate program facility. Questrom, a former chairman and chief executive officer of J.C. Penney, Neiman Marcus, Barneys New York and Federated Department Stores, is known for his turnaround skills and big-picture strategic thinking. He stabilized Penney’s when it teetered on bankruptcy, led Federated out of bankruptcy and spearheaded the acquisition of rivals The Broadway Stores and Macy’s. Kelli, a former fashion promoter, has been an activist fighting AIDS and homelessness and has been an advocate for women’s preventative medicine, the arts and education.
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