The New York Times reported yesterday that 11 out of 807 graduates entered public service from the Business School's Class of 1995.

Harding Professor of Business Administration H. Kent Bowen said that the new gift might make it easier for students interested in public service to pursue it.

"The Business School will be looking for ways to help students committed to [not-for-profit-work] to not suffer a loss," he said.

Whitehead's gift comes at a crucial time for the University's on-going $2.1 billion capital campaign, according to William H. Boardman Jr., director of capital giving for the University.

Whitehead's contribution is important for its "timeliness not only for the Business School, but for [President Neil L.] Rudenstine's entire campaign, and for keeping the momentum going for the entire school," he said.

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Whitehead, who is originally from Evanston, Ill., graduated from Haverford College in 1943. He received his M.B.A. from Harvard Business School in 1947.

The former head of the University's board of Overseers also donated $10 million to Haverford, in addition to several other not-for-profit groups, the New York Times reported yesterday.

Whitehead's career has included a stint as chair of the Securities Industry Association from 1973 to 1974. He then served as co-chair of Goldman Sachs & Co. from 1976 to 1984 and as director of the New York Stock Exchange from 1982 to 1984.

Whitehead assumed a post as Deputy Secretary of State from 1985 to 1989 and as the Chair of the Board of Overseers from 1989 to 1992.

Whitehead is also involved in such organizations as the United Nations Association of the U.S.A., the Brookings Institution, Outward Bound and the Greater New York Councils/Boy Scouts of America