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BGS INTERNATIONAL EXCHANGE Beta Gamma Sigma 125 Weldon Parkway Maryland Heights, MO 63043-3101 email: phone: 314-432-5650 website: Beta Gamma Sigma is a not-for-profit, 501(c)(3) organization. If you have any questions or comments about this issue of the BGS International Exchange, please forward them to WINTER 2006 Volume 5, No. 4 Circulation: 101,264 Beta Gamma Sigma has used the quote above at various times on posters, promotional materials and t-shirts. It’s a very nice quote, and it struck me that it fits very well with Beta Gamma Sigma’s promotion of Ethical Business Leadership. I am especially impressed by Prof. Gilman’s inclusion of “…not by capital but by character.” This is practically a working definition of Ethical Business Leadership, and shows the foresight of a man who wrote these words around 1910. I was very pleased that many members responded positively to the Fall 2006 issue of the BGS International Exchange, which announced Ethical Business Leadership as a new Beta Gamma Sigma initiative. Some of those comments can be found on Page 3. Be assured that we are working on many different avenues to make Ethical Business Leadership part of what we do as an honor society. In my position as Dean of the College of Business Administration at Loyola Marymount University, I regularly see the value of Beta Gamma Sigma in our students. The best students of business – who are inducted into the honor society – become the leaders on campus and off. Those who are just beginning their academic careers look up to the top scholars and faculty and make Beta Gamma Sigma membership an important goal to be achieved. Our collegiate chapter regularly participates in the Beta Gamma Sigma Scholarship Program. This program rewards both the school and the individual receiving the award. The school must exceed certain standards to qualify for participation in the program (must be named an Exemplary or Premier Chapter), and the student obviously benefits by the scholarship, which

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