Stock Ticker Display Named in Honor of Jack Peters
December 22, 2010
A 25-foot stock ticker display within the Engineering and Business Building at the University of Mount Union was named recently in honor of John F. “Jack” Peters, a member of the Board of Trustees and vice president of Stifel, Nicolaus & Company, Inc. (formerly Butler Wick & Co.).
A member of the Mount Union Board of Trustees since 1987, Peters earned a bachelor of science degree in business administration from the University of Pennsylvania Wharton School of Finance. Shortly after graduating, he was hired by Carl L. Dennison at the investment banking firm Butler Wick & Co. From day one, Dennison took Peters under his wing and served as his mentor, both personally and professionally.
Peters’ 15 colleagues agree that what Dennison did for Peters, Peters did for all of them. They wanted to show their sincere appreciation and do something in his honor, so they decided to contact Mount Union. Peters’ interest in finance and the stock market was the perfect fit for a gift to name the stock ticker display in the new Engineering and Business Building on Mount Union’s campus.
“What your staff has chosen to do is meaningful,” said Dr. Richard F. Giese, president of Mount Union, when speaking to Peters during the dedication. “They are giving of their own resources. They are practicing philanthropic giving, which is something they have watched you do over the years. What a wonderful mentor you are to your partners and employees. I hope you will take great satisfaction in the knowledge that your staff has truly learned from your example.”
Bruce Robb ‘69, vice president of Stifel, Nicolaus & Company, Inc., was instrumental in spearheading this effort.
“Perhaps Jack’s greatest legacy to his firm was the recruitment of these 15 individuals,” he said when speaking on behalf of his staff. “Combined, we have 390 years of service and experience, at an average of 26 years each. You have taught us all so much.”
The ticker shows countless stock prices and national news headlines. There are also clocks that show the various time zones in cities such as New York, London, Sydney and Hong Kong.
“The ticker is a visual symbol that we’re combining the real world and the classroom,” said Dr. Patricia (Foley ’73) Matthews, dean of the Division of Professional Studies at Mount Union. “The ticker is really sparking a conversation amongst the students. I can’t thank you all enough.”
Aside from her duties as dean, Matthews is the Nolen A. Cunningham Chair of Business and professor of economics, accounting and business administration, and she oversees the Investment Team. The Investment Team is a group of Mount Union students who actively manage various stock portfolios. The opportunity for college students to manage real money is beneficial and practical, as it provides a valuable learning experience. Students not only learn the skills necessary to invest money, but they also learn what it is like to work in a fast-paced business environment. The stocks in which they have invested are also displayed on the ticker.
“For 50 years I have surrounded myself with exciting, sincere and generous people,” said Peters, after learning that his colleagues from Stifel, Nicolaus & Company, Inc. made a gift in his honor. “Thank you all so much. I really appreciate it!”