Concise Encyclopedia of Tufts History
Charles G. Bluhdorn Prize in Economics, 1983
The Charles G. Bluhdorn Prize in Economics is awarded annually to an undergraduate majoring in economics who has demonstrated outstanding scholastic ability. This prize was founded in 1983 by Donald Gaston in memory of Charles G. Bluhdorn.
Charles G. Bluhdorn was the founder of Gulf+Western Corporation, one of the most dynamic business conglomerates that existed in the United States. He served as its chairman and chief executive Officer until his death in February of 1983. He was born in Vienna, Austria on September 20, 1926, and in 1942 at the age of sixteen, immigrated to the United states.
The foundation for Gulf+Western was laid in 1956 with the acquisition of a small automobile component manufacturer Michigan Planting and Stamping Company. In 1958, this bumper company was merged with a Houston automotive parts distribution center to form Gulf+Western Industries, Inc. The company's highly diversified operations were divided into seven groups: Leisure Time, Financial services, Consumer Products, Manufacturing, Food Products, Automotive and Building Products, and Natural Resources.
Mr. Bluhdorn was a trustee of Texas Wesleyan College and Trinity Episcopal Schools Corporation in New York. He was a member of the Board of Directors of United Way of Tri-State. He also served in many other civic capacities including the cochairmanship of the American Cancer Society. He was a recipient of The City Club of New York's distinguished New Yorker Award for his leadership in calling for action to combat the problems that faced Americans in New York and throughout the country.
Source: BTU[Arts and Sciences/Engineering]; 100H