Duke - The Fuqua School of Business

News Release

Businessweek Ranks Duke Corporate Education No. 1 Worldwide

October 09, 2003

DURHAM, N.C. – For the second time this year, a leading ranking authority has rated Duke Corporate Education the world’s best provider of custom corporate education.

Duke Corporate Education Inc., the profit-making company that was spun off from Duke University’s Fuqua School of Business in 2000, has been ranked the No. 1 customized corporate educator in the world by BusinessWeek. On May 19, 2003, Duke Corporate Education received a No. 1 ranking from the Financial Times.

“What is nice is that both rankings are based on customer feedback. It is wonderful to be ranked No. 1 by two such prestigious news organizations using very different methodologies, but what matters most is the satisfaction of our clients that those rankings reflect,” Duke Corporate Education CEO Blair Sheppard said.

As Dean of Duke’s Fuqua School of Business, Douglas T. Breeden is chairman of the board of directors of Duke Corporate Education. “For three years, the innovative programs of Duke Corporate Education have provided the best custom education for companies around the world. We are proud of the positive results we have achieved for our customers, and we are honored by the recognition,” he said.

Duke Corporate Education’s rise to the top position has been accelerating in the last few years. The Financial Times ranked Duke Corporate Education No. 2 in 2001 and No. 3 in 2002. The company was formed by Duke in July 2000 to house and grow the customized executive education operation. The new flexibility to build and grow has allowed Duke Corporate Education to scale upwards. It is a for-profit corporation with Duke University as the largest shareholder, and it generates revenue of more than $24 million. It has grown to a staff of 71 academic and business professionals working out of its headquarters in Durham and an office in London.

Clients include: PricewaterhouseCoopers, IBM, Schering, Saudi Aramco, Royal Dutch Shell, ABB, NCR’s Teradata division, Progress Energy, Amvescap, the American Cancer Society, Merck, The New York Times Company, Siemens, Nestle, and Lilly.

In the BusinessWeek survey, Duke Corporate Education was followed by Harvard at No. 2, IMD (based in Lausanne, Switzerland) in third place, University of Pennsylvania’s Wharton School in fourth place, and INSEAD (based in France and Singapore) at No. 5.

Earlier this year Duke Corporate Education announced a joint venture with Enterprise LSE, the London School of Economics and Political Science’s commercial subsidiary, to provide specialized custom corporate education to companies throughout the world. Duke Corporate Education is also partnering with the Fuqua School of Business and Duke Athletics to present the Coach K & Fuqua School of Business Conference on Leadership, October 19-21 on the Duke University campus.

For more information about Duke Corporate Education, visit www.dukece.com.