Donald Vester Fites
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Donald Vester Fites
Donald Vester Fites (born 1934) was the chairman and CEO of Caterpillar, Inc. from 1990 to 1999. Early life Don Fites was born in 1934 in Tippecanoe, Indiana. He attended Valparaiso University, where he joined Phi Kappa Psi. He graduated with a B.S. in Civil Engineering in 1956, and soon after joined Caterpillar. He attended Valparaiso University in 1956. He then attended the MIT Sloan School of Management as a Sloan Fellow, and received his MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ... in 1971. Career He attained the position of vice president at Caterpillar in 1981, and then executive vice president in 1985. 1990 marked Don's elevation to the positions of chief executive officer and chairman of the board, which he held until he reached the mandatory retirement age in 19 ...
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Tippecanoe, Indiana
Tippecanoe is an unincorporated community in Tippecanoe Township, Marshall County, Indiana, United States. History Tippecanoe was settled beginning in 1882. The original town was located 1 mile to the north and was platted as Tippecanoe Town in 1850, named for the Tippecanoe River to the south. After the railroad was built 1 mile south, the town was relocated. The original Tippecanoe Town was renamed Old Tip Town. Benack's Village was located 1.4 mile (2.3 km) ENE from Tippecanoe, across the Tippecanoe River in what is now Potawatomi Wildlife Park. Geography Tippecanoe is located at . It is named for the Tippecanoe River, which runs on the north side of town. Indiana Highway 331 passes through the town. Education Triton School CorporationArgos Community SchoolsTippecanoe Valley School Corporation Notable residents * Donald V. Fites - Former President & CEO of Caterpillar Inc. Caterpillar Inc. (stock symbol CAT) is an American ''Fortune'' 500 corporation and the world's ...
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Valparaiso University
Valparaiso University (Valpo) is a private university in Valparaiso, Indiana. It is a Lutheran university with about 3,000 students from over 50 countries on a campus of . Originally named Valparaiso Male and Female College, Valparaiso University was founded in 1859 as one of the first coeducation colleges in the United States. Valpo has five undergraduate colleges and a graduate school. It is home to the second-largest collegiate chapel in the world, the Chapel of the Resurrection. History Valparaiso Male and Female College In 1859, citizens of Valparaiso were so supportive of the placement of the college that they raised $11,000 to encourage the Methodist Church to locate there. The school opened on September 21, 1859, to 75 students, and was one of the first coeducational colleges in the nation. Students paid tuition expenses of $8 per term (three terms per year), plus nearby room and board costs of approximately $2 per week. Instruction at the college actually began with y ...
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MIT Sloan School Of Management
The MIT Sloan School of Management (MIT Sloan or Sloan) is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world. MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school, including the Black–Scholes model, the Solow–Swan model, the random walk hypothesis, the binomial options pricing model, and the field of system dynamics. The faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners. History The MIT Sloan School of Management began in 1914 as the engineering administration curriculum ("Course 15") in the MIT Department of Economics and Statistics. The scope and depth of this educational focus grew steadily in response to advances in the the ...
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Phi Kappa Psi
Phi Kappa Psi (), commonly known as Phi Psi, is an American collegiate social fraternity that was founded by William Henry Letterman and Charles Page Thomas Moore in Widow Letterman's home on the campus of Jefferson College in Canonsburg, Pennsylvania on February 19, 1852. There are over 90 chapters and colonies at accredited four year colleges and universities throughout the United States. More than 179,000 men have been initiated into Phi Kappa Psi since its founding. Phi Kappa Psi and Phi Gamma Delta, both founded at the same college, form the Jefferson Duo. History In the winter of 1850, a typhoid fever epidemic hit Jefferson College in Canonsburg, Pennsylvania. Many students left school. Among those who remained were William Henry Letterman and Charles Page Thomas Moore. They chose to care for their classmates who were stricken with the contagious disease, and a strong bond was formed. In the following school year, Letterman and Moore decided to found a fraternity ba ...
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Civil Engineering
Civil engineering is a professional engineering discipline that deals with the design, construction, and maintenance of the physical and naturally built environment, including public works such as roads, bridges, canals, dams, airports, sewage systems, pipelines, structural components of buildings, and railways. Civil engineering is traditionally broken into a number of sub-disciplines. It is considered the second-oldest engineering discipline after military engineering, and it is defined to distinguish non-military engineering from military engineering. Civil engineering can take place in the public sector from municipal public works departments through to federal government agencies, and in the private sector from locally based firms to global Fortune 500 companies. History Civil engineering as a discipline Civil engineering is the application of physical and scientific principles for solving the problems of society, and its history is intricately linked to advances in t ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Sloan Fellow
The Sloan Fellows program is the world's first mid-career and senior career master's degree in general management and leadership. It was initially supported by a grant from Alfred P. Sloan, the late CEO of General Motors, to his alma mater, MIT. The program was established in 1930 at the MIT Sloan School of Management. Later it was expanded to the Stanford Graduate School of Business (1957), and London Business School (1968). Considered to be one of the most prestigious management training programs in the world, it targets experienced leaders who have demonstrated success either within organizations, or independently as entrepreneurs. Notable alumni include Kofi Annan, former United Nations Secretary-General and Nobel Peace Prize Laureate (MIT, '72), John Browne, Baron Browne of Madingley, former chairman and CEO of BP and member of the British House of Lords (Stanford, '81), and Carly Fiorina, former CEO of Hewlett-Packard (MIT, '89). History The Sloan Fellows Program was cr ...
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People From Tippecanoe County, Indiana
A person ( : people) is a being that has certain capacities or attributes such as reason, morality, consciousness or self-consciousness, and being a part of a culturally established form of social relations such as kinship, ownership of property, or legal responsibility. The defining features of personhood and, consequently, what makes a person count as a person, differ widely among cultures and contexts. In addition to the question of personhood, of what makes a being count as a person to begin with, there are further questions about personal identity and self: both about what makes any particular person that particular person instead of another, and about what makes a person at one time the same person as they were or will be at another time despite any intervening changes. The plural form "people" is often used to refer to an entire nation or ethnic group (as in "a people"), and this was the original meaning of the word; it subsequently acquired its use as a plural form of per ...
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People From Peoria, Illinois
A person ( : people) is a being that has certain capacities or attributes such as reason, morality, consciousness or self-consciousness, and being a part of a culturally established form of social relations such as kinship, ownership of property, or legal responsibility. The defining features of personhood and, consequently, what makes a person count as a person, differ widely among cultures and contexts. In addition to the question of personhood, of what makes a being count as a person to begin with, there are further questions about personal identity and self: both about what makes any particular person that particular person instead of another, and about what makes a person at one time the same person as they were or will be at another time despite any intervening changes. The plural form "people" is often used to refer to an entire nation or ethnic group (as in "a people"), and this was the original meaning of the word; it subsequently acquired its use as a plural form of per ...
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MIT Sloan School Of Management Alumni
The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the most prestigious and highly ranked academic institutions in the world. Founded in response to the increasing industrialization of the United States, MIT adopted a European polytechnic university model and stressed laboratory instruction in applied science and engineering. MIT is one of three private land grant universities in the United States, the others being Cornell University and Tuskegee University. The institute has an urban campus that extends more than a mile (1.6 km) alongside the Charles River, and encompasses a number of major off-campus facilities such as the MIT Lincoln Laboratory, the Bates Center, and the Haystack Observatory, as well as affiliated laboratories such as the Broad and Whitehead Institutes. , 98 Nobel l ...
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