November 7, 2001
Houston Businessmen to be Inducted into McCombs School Hall of Fame
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AUSTIN, TX. --Accomplished Houston businessmen Daniel C. Arnold and John H. Duncan will be inducted into McCombs School of Business Hall of Fame on Friday, November 9th, in a ceremony at the Renaissance Hotel in Austin.
“We are really pleased to be able to honor these two incredibly successful and civic-minded graduates with the McCombs School’s highest tribute,” said Robert G. May, dean of the McCombs School at the University of Texas at Austin. “We feel that success in business carries with it a certain responsibility to give back to the community, and these individuals are role models for all of us and reflect the values of the McCombs School.”
Daniel C. Arnold, a native Houstonian, received both his business administration and law degrees from the University of Texas at Austin. He returned to Houston to practice law with Vinson & Elkins, where he became a senior partner. In 1983 he joined First City Bancorporation as its president and later became chairman and president of Farm & Home Financial Corporation. Arnold was also appointed to the board of governors of the Federal Reserve System in Washington, D.C, and served on the Thrift Institution Advisory Council.
Arnold is an active leader in many charitable organizations including the old Houston City-County Charity Hospital System, the American Red Cross, the Texas Medical Center, and the Alice and David C. Bintliff Foundation. Most notably, he was honored in February 2001 with the Houston Bar Association’s Leon Jaworski Award for his lifelong commitment to volunteer service.
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Arnold has also been involved with the University for many years, serving on the Centennial Commission, the Development Board, and the Leadership Council-Houston. He and his wife, Beverly, are members of the Chancellor’s Council and the Littlefield Society at the University. The Arnolds have three children, all graduates of UT Austin.
John H. Duncan received a BBA degree from UT in 1949 and began his career as a salesman with the Duncan Coffee Company (now the Coca-Cola Foods Division), which was founded by his father, Charles William Duncan. He was named vice president of sales in 1957. The following year, Duncan helped found Gulf + Western, Inc., a company with interests in financial services, publishing, and entertainment. (Gulf + Western changed its name to Paramount Communications in 1989 and merged with Viacom in 1994). He later founded Gulf Consolidated Services, and served as chairman from 1968 to 1978.
Duncan and his wife, Brenda, are active in many cultural and civic organizations in the Houston community, including the Houston School for Deaf Children, the Houston Museum of Fine Art, the Barbara Bush Foundation for Family Literacy, Child Advocates, the Houston Chronicle Goodfellows Program for Children, and the Alexis de Tocqueville Society of the United Way.
Duncan was presented with the Ex-Students’ Association Distinguished Alumnus Award in 1988. He is a current member of the Chancellor’s Council, the Littlefield Society, the Development Board, and Leadership Council-Houston.
The McCombs School established its Hall of Fame in 1983 to honor individuals who have performed exemplary human, civic, educational, and philanthropic activities and have made outstanding contributions to both the business and education communities. The School has inducted 60 men and women over the past 18 years, most of whom are alumni of the University of Texas.
The McCombs School of Business is perennially ranked one of the top business schools in the country and world according to leading business publications such as The Wall Street Journal, BusinessWeek, and U.S. News & World Report. With strength across the board in all major business disciplines, McCombs is especially known for innovative collaborations with industry and for leading programs in technology, entrepreneurship, finance, and accounting. McCombs offers a full range of business education programs, from BBA and full-time MBA to Part-time MBA, Executive MBA, Executive Education, PhD, and graduate accounting (PPA/MPA). Under new dean George W. Gau, the school has set a goal of becoming the top public business school in the nation.
For information on specific programs at the McCombs School, consult our contacts page. For media information, contact the Communications Director by phone at 512-471-3314 or by email at CommunicationsDirector@mccombs.utexas.edu.
