Comings & Goings
After nearly 35 years of service to the university, LARRY OWEN retired in July as managing director of real estate investments at the Stanford Management Company. As a tribute upon his retirement, friends and associates of Owen donated almost $1 million to fund the Joan and Larry Owen Fellowship in the Stanford School of Engineering.
The fellowship will fund graduate students in the study of sustainable energy and conservation of the environment. Through a matching program, the total fellowship expanded to approximately $2 million.
Owen began working as a financial analyst in the Business and Finance Division of the Graduate School of Business upon earning his MBA there in 1971. In 1982, he began managing the real estate and natural resources investment programs for the management company. At the time of his retirement, the university's endowment had a market value of $15 billion, of which more than 11.5 percent ($1.7 billion) was invested in real estate.