Columbia MBA alumni pledge $40 million for new campus

Thursday, August 1, 2013

Two alumni of Columbia Business School, Arthur Samberg and Mario Gabelli, have pledged a combined $40 million toward construction of the school’s new West Harlem campus, the school announced Monday.

Samberg, who pledged $25 million, is the chairman of JetSuite, a private jet charter company, and the former chief executive of the hedge fund Pequot Capital Management. (In 2010, Samberg and Pequot agreed to pay nearly $28 million to settle SEC insider-trading charges involving Microsoft (MSFT) shares.)

Gabelli, who pledged $15 million, is the chairman and CEO of GAMCO Investors. Both are 1967 MBA graduates of Columbia and sit on the school’s Board of Overseers.

Read more »