from The Bridge: Fall/Winter 2011 issue
For Charlie Lockyer '93 and Fred Turpin '90, Joseph Goldsten, the retired finance professor, is one of those teachers who went the extra mile and made a difference in their lives. Both men say that Goldsten provided guidance about the financial world that ultimately helped them secure their first jobs out of college.
"Looking back, my experience with Joe was among my most profound memories at W&L," says Lockyer, managing director at Goldman Sachs, in New York City. "However, that experience was by no means unique. I think one of the most special things about W&L is the one-on-one relationships that students form with professors, not TAs, in the small classroom environment. You only appreciate later how impactful [those relationships] were in your life."
In appreciation, Lockyer and his wife, Kirsten Baker Lockyer '93, committed $100,000 for the Joseph Goldsten Departmental Support Fund and encouraged W&L to pursue other alumni to join their efforts. Turpin, a managing director and head of J.P. Morgan's Communications Investment Banking Practice, in New York City, responded by pledging another $100,000 to co-sponsor the fund in honor of Goldsten.
Charlie Lockyer, who admits that he didn't always apply himself as a student, credits Goldsten with inspiring him to do better and reach his potential. He remembers Goldsten as a fantastic teacher, noting that Kirsten-a French major-also took a class under Goldsten and found him engaging.
"He challenged all of his students to do their best," Charlie says, "and he had a tremendous impact on me personally."
Turpin shares the Lockyers' admiration and affection for Goldsten. The professor helped Turpin make connections with W&L graduates working on Wall Street. By doing this, Turpin was better able to prepare for his own career in finance.
"There was a lot I didn't know about what types of careers were available for people who like accounting and finance," Turpin says. "Joe was helpful to me in sorting through that and helping me figure out how to position myself for certain opportunities."
Turpin hopes the funds given in Goldsten's honor will continue to support excellence in the finance and economics disciplines. He also hopes that current and future students will learn about the professor who had a huge influence on so many former W&L students-and who Turpin considers representative of everything that is outstanding about W&L.
"The Commerce School is unique in that we had the opportunity to study those disciplines with someone of Joe's caliber and who had been out in the real world and worked in the industry," Turpin says. "He had practical knowledge of the subjects that he taught. He was a very demanding teacher, but a lot of people who went through his classroom ended up doing very well [in their careers]. I found him to be a fantastic person and teacher and mentor. He was a credit to the W&L Commerce faculty and somebody whose legacy ought to endure with the institution in every way possible."
The income from the endowment supports a variety of needs in the Williams School, as decided by the dean. This kind of campaign opportunity allows a donor to establish a general-support endowment for a specific school or department. Such funds help to underwrite educational events and activities that enrich academic life. They are valuable because they allow flexibility and augment operating budgets.
To date, 10 alumni have contributed to the fund, which now stands at $250,000. The campaign is an excellent opportunity for alumni who wish to join this effort to recognize Prof. Goldsten. If you are interested in making a gift to the Goldsten Endowment, please contact Stephen Snead, senior director of development for the Williams School, at (540) 458-8274 or firstname.lastname@example.org.