April 16, 2002

Los Angeles — UCLA Anderson will honor Los Angeles businessman Eli Broad with the Exemplary Leadership in Management (ELM) Award. This recognition is the highest honor that the school bestows upon individuals and reflects the school's dedication to excellence and to the highest ethical standards.

Broad will be honored at a banquet on the evening of Monday, May 13, 2002, at the Century Plaza Hotel in Century City. He will join a prestigious roster of ELM Award recipients, including: Craig Barrett, president and CEO of Intel Corporation; William Gross, '71, chief investment officer, founder and managing director of Pacific Investment Management Company (PIMCO); Disney Chairman and CEO Michael Eisner; Jill Barad, former chairman and CEO of Mattel, Inc.; Scott McNealy, chairman and CEO of Sun Microsystems; and Southwest Airlines Chairman Herb Kelleher.

A renowned business leader, “venture philanthropist” and supporter of higher education and the arts, Broad truly personifies excellence in management leadership. He is chairman of SunAmerica Inc., a leading financial services company specializing in retirement savings, and serves on the board of SunAmerica's parent company, American International Group, Inc. He is also founder-chairman of KB Home (formerly Kaufman and Broad Home Corporation).

In 1999, out of concern for the quality of K–12 education in urban school districts, Mr. and Mrs. Broad founded The Broad Foundation with a mission of improving governance, management and labor relations in the nation's largest urban school systems. The Broads also established The Broad Art Foundation, which operates as an educational and lending resource for contemporary art and is dedicated to building a collection that reflects the scope and diversity of the art of our time.

“We are proud to honor Eli Broad with our school's most prestigious tribute,” said Bruce Willison, dean of UCLA Anderson. “His career personifies many of the important traits we stress to our students: entrepreneurship, leadership and community responsibility.”

Committed to the belief that all great cities need a vibrant center, Mr. Broad is involved in the effort to revitalize downtown Los Angeles. He is currently leading the effort to turn Los Angeles' Grand Avenue into a truly “Grand Avenue,” to rival the main boulevards of the world's greatest cities. His commitment to Los Angeles builds on previous efforts during which he spearheaded the fund-raising campaign for the construction of the Walt Disney Concert Hall at The Music Center of Los Angeles County, and led the successful bipartisan effort to bring the Democratic National Convention to Los Angeles in 2000.

An avid supporter of higher education, Mr. Broad recently made major contribution to the School of the Arts and Architecture at UCLA, toward the construction of a new visual arts facility, to be named the Edythe and Eli Broad Art Center. In 1991, Mr. Broad endowed The Eli Broad College of Business and The Eli Broad Graduate School of Management at Michigan State University, from which he was graduated cum laude in 1954. He is a member of the board of trustees of the California Institute of Technology, where he gave the cornerstone gift to create the Broad Center for the Biological Sciences.

“Eli Broad is truly a leader in Los Angeles and throughout the nation,” said Peter Mullin, chairman of UCLA Anderson's Board of Visitors. "It's gratifying to pay tribute to such a generous and honorable individual."

Founding chairman of the board of trustees of The Museum of Contemporary Art (MOCA), Broad is currently a trustee and member of the executive committee of the Los Angeles County Museum of Art. In 1984, he established The Broad Art Foundation to foster the study and appreciation of art created in the last quarter of the 20th century.

UCLA Anderson's Board of Visitors established the ELM Award in 1989 out of a unyielding belief that outstanding business leadership is essential to the well-being of the economy and, indeed, to society as a whole. Through the award, the School aims to recognize business leaders for their exemplary achievements and preserve their accomplishments as a standard for tomorrow's leaders.

For more information about the ELM dinner gala please visit the ELM web site at http://www.elmaward.anderson.ucla.edu/. To reserve a seat or table at the dinner, please contact Nimia Del Rosario, secretary to the Board of Visitors at UCLA Anderson, at (310) 206-7237 or nimia.del.rosario@anderson.ucla.edu. For information about The Broad Foundation visit www.broadfoundation.org and for information about the Broad Art Foundation, visit www.broadartfoundation.org.

UCLA Anderson is ranked in the top tier of graduate business schools in the world. Established in 1935, UCLA Anderson today has 134 faculty members who teach, train and advise more than 600 full-time MBA students, some 400 fully employed MBA students, 140 executive MBA students and 65 Ph.D. students.

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