CULTURE

International Onassis Prize in Shipping, Trade and Finance to be awarded in 2008

More news comes from London concerning the establishment of an International Onassis Prize in Shipping, Trade and Finance. The announcement was made on Wednesday at Mansion House by the Lord Mayor of the City of London and Chancellor of City University, John Stuttard, in the presence of City University deans and select members from the worlds of business, shipping and academia. The new award will be awarded biennially to recognize lifetime achievement by an academic of international stature, on a rotation basis in shipping, trade and finance. The first prize will be awarded in the fall of 2008, during a formal banquet at Guildhall in the City of London, while the selection process will begin later this year. Sponsored by the Alexander S. Onassis Public Benefit Foundation, the Onassis Prize comes with 250,000 dollars. The following are members of the award committee: Anthony S. Papadimitriou, president of the Alexander S. Onassis Public Benefit Foundation; Professor George Constantinides, professor of finance, University of Chicago; Professor Charles Goohart, professor emeritus, London School of Economics; Professor Robert Merton, Harvard University professor (Nobel Laureate 1997); Professor Myron Scholes, Stanford University professor (Nobel Laureate 1997); Professor Costas Grammenos, founding director of the Center of Shipping, Trade and Finance at Cass Business School. During the announcement, the Lord Mayor said: «I believe that, in time, the Onassis Prize will acquire equivalent stature to the Nobel Prize in Economics. The prize will recognize academic achievements by leading academics who, in the past, did not have a platform for worldwide recognition.»