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Barnes & Noble CEO Leonard Riggio Establishes Scholarship at Bentley College

September 25, 2000

 

Waltham, Mass.- Barnes & Noble, Inc. Chief Executive Office Leonard Riggio has established an undergraduate scholarship fund at Bentley College. The new scholarship, which will be known as the John Battaglino Leadership Award, honors Battaglino, trustee emeritus of Bentley College, community leader, and a longtime executive in the field of collegiate bookstores.

The scholarship will be awarded annually to an entering freshman at Bentley College beginning September 2001. Preference will be given to students who are residents of Waltham, Mass., who exhibit a strong academic record, have distinguished themselves through acts of leadership and service to their community and will continue to perform community service in college and beyond.

John L. Battaglino is president of JLB Management Co., a real estate investment company based in Waltham, Mass. In 1963, he founded College Stores Associates which grew to 33 campus retail bookstores at 27 colleges on the east coast, midwest and south. The company was sold in 1985 to Barnes & Noble where Battaglino continues to serve as Senior Vice President of Barnes & Noble College Bookstores. He has served on the Board of Directors of numerous local and national organizations.

"Over the years, community service to the people of Waltham, the Commonwealth and Bentley have been among my most personally rewarding and satisfying experiences," said Battaglino. "This scholarship will make it possible for Waltham area students to attend the college and encourage young adults to make volunteer service a lifelong practice. There could be no better way to combine such important facets of my life. I am grateful to be recognized through a gift that will provide a wonderful beginning to the careers of our future leaders."

Leonard Riggio, founder, chairman and CEO of Barnes & Noble, Inc., received an honorary Doctor of Commercial Science degree from Bentley College at commencement in May. Since its founding as a single retail outlet in 1971, Barnes & Noble has emerged as the world's largest bookseller. Today, one in eight books bought in the United States is sold by Barnes & Noble or an affiliate.

"We are honored that this new scholarship fund is named for John Battaglino, a valued member of the Bentley and Waltham communities," said Bentley College President Joseph G. Morone. "The award recognizes his commitment to community leadership in both the public and private sectors."

"Leonard Riggio is a model for our students," said Morone. "Through a combination of business acumen, spirit and persistence, he turned a failing bookstore into both e-commerce and bricks and mortar operations with innovative superstores, a mail-order division, nearly 500 smaller outlets, and an online presence that reaches 175 countries. Barnes & Noble is a model of American business success. At the same time, the Riggio family foundation is committed to giving back to the community. In addition to college scholarships, Leonard Riggio and his family are passionate supporters of international efforts to eradicate childhood poverty and promote literacy."

BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education. For more information, please visit www.bentley.edu

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