Announcing 2011 Carolinas Entrepreneur Hall of Fame Inductees
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Queens University of Charlotte
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Queens University of Charlotte to induct Blumenthal, Cato and Goodnight into Carolinas Entrepreneur Hall of Fame on Nov. 3
Business leaders will be celebrated for their lasting impact on regional economy and their communities
Charlotte, N.C. (Sept. 26, 2011) - The McColl School of Business at Queens University of Charlotte proudly announces the 2011 Class to be inducted into its Carolinas Entrepreneur Hall of Fame. They are Herman Blumenthal, chairman and president of Radiator Specialty Company; Wayland H. Cato Jr., co-founder and Chairman Emeritus of The Cato Corporation; and Dr. Jim Goodnight, founder of the SAS Institute.
The awards will be presented during the Entrepreneurial Leadership Circle's (ELC) annual dinner Nov. 3 at Quail Hollow Club. The ELC sponsors the Hall of Fame and Wells Fargo is the 2011 Hall of Fame Dinner Corporate Sponsor.
Honorees represent major business sectors and are recognized for the scope of their impact on the region's economy and their community service and civic engagement.
"For 30 years, the McColl School of Business has been dedicated to serving individuals who strive to become highly competent leaders who understand the importance of character and are committed to shaping their communities," said McColl School Dean Terry Broderick. "The lasting contributions of these inductees reflect the impact that those values can have over time."Herman Blumenthal
The late Herman Blumenthal was a successful businessman and philanthropist who left his mark on business and North Carolina. He helped build Radiator Specialty with his older brother, I. D. Blumenthal, who was the founder, into a thriving business. Solder Seal, a powder to stop radiator leaks was their initial product. Over the years they diversified their product line to include more than 4,000 automotive, hardware, plumbing and traffic safety products.
Before World War II their rubber products were mostly used by plumbers, but during the conflict their gasket sealant went into every U.S. warplane.
Through innovation and acquisition the company has now developed products that are sold throughout the world.
Blumenthal honored his family's legacy of supporting the Charlotte and Jewish communities by helping spearheading the creation of Shalom Park, and contributing to the establishment of the North Carolina Blumenthal Performing Arts Center. His philanthropic efforts touched the lives of many in North Carolina and specifically in Charlotte through his involvement in a numerous worthwhile causes.
Wayland H. Cato, Jr.
After graduating in the top three percent of his UNC Chapel Hill class and serving as a Lieutenant (junior grade) and commanding officer of a minesweeper in the U. S. Navy during World War II, Wayland H. Cato Jr. co-founded with his father in 1946 the value-priced women's clothing chain that would become The Cato Corporation. By 1968 he had become President and Chief Executive Officer and in 1970 Chairman. He remained CEO for more than 30 years and retired as Chairman at the beginning of 2004. During his leadership the company grew to become the nation's 18th largest clothing retailer, with more than 1,000 stores in 22 states and annual revenue of nearly $800 million.
In 2009 UNC Chapel Hill's Kenan-Flagler Business School honored him with its prestigious Leadership Award. Cato has long been a supporter of numerous public and private institutions of higher learning in North Carolina, South Carolina and Wyoming. In 2008 the Wayland H. Cato, Jr. Foundation gave $2.5 million to Queens to establish an endowed scholarship fund in the Cato School of Education.
Dr. Jim Goodnight
Dr. Jim Goodnight, co-founder and CEO of SAS, spent his boyhood working in his father's hardware store in Wilmington and excelled in sciences at school. At N.C. State University Goodnight fell in love with computers, and his programming skills helped him land a job with a company that build electronic equipment for the ground stations that would communicate with the Apollo space capsules.
He built SAS into the world leader in business analytics by solving increasingly difficult customer problems and fostering a unique culture of continued innovation and commitment to employees. This culture, which yields employees willing to go the extra mile to ensure customer success, landed SAS at the No. 1 position on the FORTUNE "Best Companies to Work For" list two years in a row. In 2004, Harvard Business School named him a "Great American Business Leader."
Goodnight earned a doctorate in statistics from N.C. State University, where he was a member of the faculty from 1972 to 1976. Over the years, improving the state of education (particularly elementary and secondary) has become an area of great interest to him. He is the benefactor of Cary Academy, a private school near the SAS campus.
About the Hall of Fame
The Carolinas Entrepreneur Hall of Fame Class of 2010 honorees were Food Lion founder Ralph Ketner, Family Dollar Stores founder Leon Levine and Spartan Foods and Carolina Panthers owner Jerry Richardson.
The Founding Class of honorees - honored posthumously - was also inducted in 2010:
- William Henry Belk, 1862-1952, Belk, Inc.
- James Edgar Broyhill, 1892-1988, Broyhill Furniture Industries
- Thomas H. Davis, 1918-1999, Piedmont Airlines
- James B. Duke, 1856-1925, Duke Power Co.
- R.J. Reynolds, 1850-1918, R. J. Reynolds Tobacco Company
- Leroy Springs, 1861-1931, Springs Cotton Mills
Hall of Fame inductees are selected by a panel of judges representing North Carolina and South Carolina. This year's judges are: Former N.C. Gov. Jim Martin; Fritz Hamer, chief curator at the S.C. Museum of History; Tom Hanchett, staff historian at the Levine Museum of the New South; Louis Foreman, founder and chief executive of Enventys; Dr. Jordan Lipton, a founder of Signature Healthcare in Charlotte, N.C.; Melissa McGuire, co-founder and director of Sherpa LLC; Joan H. Zimmerman, founder of Southern Shows Inc.; and from the McColl School, Dean Terry Broderick and Chuck Bamford, professor and Dennis Thompson Chair of Entrepreneurial Leadership.
The Carolinas Entrepreneur Hall of Fame is sponsored by the Entrepreneurial Leadership Circle which was formed more than 20 years ago to support entrepreneurial efforts and provide student scholarships at Queens University of Charlotte. Membership is by invitation, and ELC members are established entrepreneurs in the Carolinas. Queens also offers an undergraduate minor in entrepreneurship for all majors as well as a graduate minor in entrepreneurship through the McColl School of Business.
"Every major company in existence was started by an entrepreneur or a small team of entrepreneurs," said Dr. Chuck Bamford, professor of Entrepreneurship and Strategy at the McColl School and the Dennis Thompson Chair of Entrepreneurial Leadership. "Entrepreneurs are the engine that drives a region to success. We are truly honored to host the Carolinas Entrepreneur Hall of Fame."
Queens University of Charlotte is a private, co-ed, Presbyterian-affiliated comprehensive university with a commitment to both liberal arts and professional studies. Located in the heart of historic Charlotte, Queens serves approximately 2,700 undergraduate and graduate students through its College of Arts and Sciences, the McColl School of Business, the Wayland H. Cato, Jr. School of Education, the Knight School of Communication, Hayworth College for Adult Studies and the Andrew Blair College of Health which features the Presbyterian School of Nursing.
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