HYDE PARK — Veterans hoping to get an MBA at the University of Chicago are getting $10 million in new help thanks to a donation announced Monday.
Eric Gleacher donated $10 million to start the Gleacher Veteran Scholars Fund to help span the funding gap between the benefits veterans get from serving and the scholarships necessary to finish a graduate degree in business.
Gleacher served in the U.S. Marine Corps for three years before earning his MBA at the Booth School of Business at U. of C. in 1967.
“The Marines taught me a great deal about leadership, which is crucial to the success of every business,” Gleacher said in the announcement of his donation. “Most veterans have learned those same leadership skills, which can be successfully applied in a variety of business contexts.
Gleacher retired in 2009 after selling the merger and acquisitions firm he ran since 1990.
The number of veterans studying at the Booth School has grown in recent years and currently 78 veterans are enrolled, according to the university.
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