Corrections or additions?
These articles by Barbara Fox were prepared for the
May 9, 2001 edition of U.S. 1 Newspaper. All rights reserved.
Princeton’s First Woman President
In what the outgoing president termed "a
and wonderful moment in Princeton’s history," Shirley M. Caldwell
Tilghman has been elected the 19th president of Princeton University.
A molecular biologist who has a reputation on campus for her teaching
skills, Tilghman, 54, succeeds Harold Shapiro, who leaves the
after 13 years.
As the founding director of the multi-disciplinary Lewis-Sigler
for Integrative Genomics, she was one of five faculty members on the
presidential search committee until that committee asked her withdraw
from the committee so they could consider her as a candidate.
"Her character and her outstanding human qualities have made her
a valued colleague among her peers and an inspiration to her
says Robert H. Rawson Jr., trustee chair of the search committee.
"We considered many excellent candidates, but as we move forward
into this new century, Dr. Tilghman seems to be the ideal person to
lead this university." Other faculty members on the committee
were Jeffrey Carbeck (chemical engineering), Mark Johnston
Alan Krueger (economics and public policy), and James Sturm
The official university press release, which announced the result
of the half-year search process that involved several hundred
and culminated in Tilghman’s election at a special meeting of the
board of trustees on Saturday, May 5, did not directly state the
historic fact: Tilghman is the first woman president in Princeton’s
more than 250-year history, and also the first president who has
an undergraduate or graduate degree from the university. "Tilghman
is renowned not only for her pioneering research," the release
noted, but also "for her national leadership on behalf of women
in science and for promoting efforts to make the early careers of
young scientists as meaningful and productive as possible."
The daughter of a banker in Ontario, Canada, Tilghman majored in
graduated with honors from Queen’s University in 1968, and taught
school in Sierra Leone for two years. "It was the ’60s, and I
wanted to do something for somebody else," she says. It also honed
her teaching skills. Working with people for whom English is a second
language, she says, "you learn how to use metaphors and get at
the core of an idea, rather than getting lost in the details."
Later she earned a PhD in biochemistry from Temple. She did
work at the National Institutes of Health, where she did
work in cloning mammalian genes, and then working at the Institute
for Cancer Research in Fox Chase before coming to Princeton University
Tilghman is known for inveighing against tenure, particularly for
its inequities as applied to women scientists. "The problem of
reconciling a scientific career with some semblance of a normal
she wrote in an op ed article in the New York Times in 1993, "is
exacerbated by the tenure system. Her critical scientific years, in
which she is establishing her reputation, and her peak reproduction
years coincide. This is a dirty trick. I favor abolishing tenure
in favor of rolling appointments that are regularly reviewed. Tenure
is no friend to women."
She softened these comments in a U.S. 1 interview (October 22, 2000)
by pointing out that because Princeton "tenures with enormous
care" it avoids the stultification that might "solidify
that should be dynamic, now that there is no mandatory retirement
Also in that interview she said that after a very full career she
had very strong plans for her own retirement before age 65. "One
of the downsides of having a very demanding professional career AND
having a family [she is a single parent of two college-age children,
one a junior at Princeton] is that there are literally hundreds of
things that I would like to do. The notion of dying in my mouse room
is not attractive to me, not at all."
Since her new job will definitely take her out of the mouse room,
Tilghman might also soften her views on retirement. By turning her
attention from mice to money, Tilghman can fill her pre-retirement
years with new challenges, including and especially fundraising. The
university’s development office, she says, can tell an administrator
how to be effective at fundraising. But the communication part —
that comes from being a born teacher. "The ability to communicate
big ideas, put the initiative in a broad perspective, and to feel
passionately about what you are trying to raise money for," says
Tilghman, "if you believe it, you can convince others to believe
in it. The qualities that make somebody a good teacher also make an
— Barbara Fox
Two years ago Buschman Partners ended its association
with a national commercial real estate firm when that firm was bought
by Insignia Financial Group. Now Buschman has signed on to serve as
a branch office for Insignia/ESG, an $875 million firm with state
headquarters in Saddle Brook and global headquarters in Manhattan.
It’s not a better financial deal for Buschman — the contract
no money on the table, just split fees on joint deals and referrals
— but this time Buschman gets to keep its name. That was the
point in 1999.
Insignia’s name is first, and all the stationery and procedures will
parallel Insignia’s, as is appropriate for a company that is listed
on the New York Stock Exchange (IFS). But a new logo for this office
will incorporate Buschman Partners. "On a micro level, we will
try to do things to mirror with Insignia so it looks like we are one,
and we are," says John Buschman, managing partner and head of
operations for the firm he founded. "We got the real estate
to bless the two names.
"But on a macro basis we are in control. We have retained 100
percent ownership," says Buschman. In no other instance has
been willing to make such allowances. But as Buschman explains it,
Insignia had put "a seamless operation on the east coast, with
Princeton as the only hole.
Buschman has four brokers and, overall, Insignia has 70 in New Jersey.
Operating in 11 top markets, Insignia provides services for a 230
million square foot portfolio in the United States. As one of the
largest national commercial real estate service providers, it offers
brokerage, consulting, property management, fee development,
sales, and debt placement.
Insignia/ESG is opening another Central New Jersey office, this one
at Two Tower Center in East Brunswick. June is the target date, says
Patrick Murphy, executive director and head of Insignia/ESG’s New
Jersey operations. Both Buschman’s staff from Princeton and Murphy’s
staff from Saddle Brook will spend time here.
"On the first day of business," says Buschman, "we got
two major pieces of business." Thanks to Insignia being named
the agents for Legget McCall, his office has just been appointed
agents for Crossroads Corporate Center (which formerly was with
Crow). And because Insignia has the Fleet account, Buschman’s office
gets to sublease 60,000 square feet of Fleet space at 502 Carnegie
Building 4, Suite 116, Lawrenceville 08648. John H. Buschman, managing
partner. 609-896-1600; fax, 609-896-1753. E-mail: email@example.com.
Home page: www.iesg.com
Road East, Princeton 08540. Bill Oetinger, manager. 609-520-3491;
A 110-year-old Seattle-based firm, Washington Mutual Home Loans Inc.,
has bought PNC Mortgage Corp. and taken over that Forrestal Center
office. Oetinger, the manager, majored in English at Marietta College
in Ohio and has an MBA in finance from New York University. He worked
at European American Bank in Manhattan and was a commercial lender
at NatWest and left when that bank was acquired by Fleet. PNC Mortgage
Corp was acquired on February 1; eight people work here.
Brunswick. Suresh Kumar, president. 201-413-0015.
DLJdirect, the online brokerage service of Donaldson Lufkin & Jenrette
Inc., will open a technology development center at 1 Tower Center
and will occupy 78,000 feet on three floors. The recently renovated
410,000-foot building is a Class A space with a five-story atrium
lobby and is connected to a Hilton hotel.
"iNautix is proud to be leasing space at one of the finest office
developments in New Jersey," says Suresh Kumar, president of
which is now located in Jersey City. John Brandbergh of Boston
represented the landlord, Boston Properties, and Ruth Ellman of DLJ
Realty Services represented the tenant.
Park, Cranbury 08512. 610-666-8300.
A record storage and data management firm will join Topdeq, the
mail order office equipment firm, at 3 Security Drive in Cranbury
Business Park. Based in Norristown, Pennsylvania, Sequedex will take
42,000 square feet of the two-year-old 152,000-foot large cube
Road, Room 308, Box 3008, Princeton 08543-3008. Brig. General Michael
C. Wholley (Ret.), executive director. 609-921-3534; fax,
Home page: www.marine-scholars.org.
A non-profit, tax exempt corporation providing scholarship to sons
and daughters of U.S. Marines has opened at Princeton University’s
The organization boasts a battalion of heavy hitters. The April 27
scholarship ball in Manhattan featured Pete Dawkins, the West Point
football star, now vice chairman of Citigroup, and William H.
founder of Donaldson Lufkin & Jenrette and now chairman and CEO of
08512. Hatsuo Takeuchi, president. 609-395-0219; fax, 609-395-1027.
Home page: www.DemarleUSA.com.
The importer and distributor of French baking goods is expanding.
Its customers include hotels, pastry chefs, Subway sandwich shops,
and Martha Stewart, who uses its cookie liners. The president of the
company is Hatsuo Takeuchi, a former pastry chef, and the national
sales representative is Elaine Feiner. The company started in the
United States with two employees and now has eight. Sam Makino, a
sales representative, says it has outgrown its warehouse and is
for a larger space.
Crossroads Corporate Center, Lawrenceville.
The Crossroads Corporate Center office of the mortgage company has
closed and moved to 197 Route 18 South, East Brunswick 08816.
Co. on Princeton-Hightstown Road. He was the father-in-law of West
Windsor mayor Carole Carson.
attorney Richard C. Woodbridge, he retired from New York Life
manager at Town Topics.
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