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James H. Quigley Tells Bentley Grads "Integrity Matters"

May 20, 2005

WALTHAM, Mass. - "Ethical behavior will shape your actions. The idea that you will not be caught is fatally flawed, because you will. Don't give up your self-esteem by acting unethically. Integrity matters."

Thus was the advice given to Bentley graduates by James H. Quigley, CEO of Deloitte & Touche USA LLP Saturday morning during the college's 86th undergraduate commencement ceremony.

Quigley, the first CEO of a Big Four firm to speak at Bentley commencement, urged graduates to replace the old-fashioned idea of IQ (intelligence quotient) with a new IQ - integrity quotient.

"Commit to yourself that your newly defined IQ will be very high and you will view it as a precious asset," he said.

Quigley also urged graduates to treat others as they'd like to be treated, and to have an optimistic, can-do attitude.

"Be ready to roll up your sleeves and go to work," he said. "There is much to be optimistic about."


Jim Koch, founder and president of The Boston Beer Company, shared life lessons learned starting and building his company with McCallum Graduate School graduates in his keynote speech during the afternoon ceremony.

"If you get into a business doing something you love, you have a very high chance of being happy. You may not get rich, but you'll be happy," said Koch. "Money is nothing if you're not happy, and getting rich is life's great booby prize."

Koch also talked about the early days of The Boston Beer Company, when he often served as CEO and delivery man all in the same day.

"If you don't love your job, you either have the wrong job, or you're not doing it right," he said, raising imaginary 'toasts' to the graduates, their families and the Bentley community. "I hope you have as much fun in your careers as I have had ..and continue to have."

During the undergraduate ceremony, James H. Quigley was awarded an honorary degree of Doctor of Commercial Science, along with Robert A. Chute '63, CEO of The Gage Company and Timothy B. Harbert '76 (posthumously), former CEO of State Street Global Advisors.

During the McCallum Graduate School ceremony, Koch was bestowed with an Honorary Doctor of Commercial Science degree.

At the undergraduate ceremony, 989 Bachelor of Science degrees, 36 Bachelor of Arts degrees, 3 Associate of Science degrees and 12 certificates were granted to 1,028 students from 33 states and 40 countries.

At the McCallum Graduate School of Business ceremony, 301 Master of Science degrees, 209 Master of Business Administration degrees and 52 certificates were conferred as well. In total, 510 graduate students from 21 states and 19 countries graduated.

The Gregory H. Adamian Excellence in Teaching Award was presented to Jo Trigilio, assistant professor of Philosophy. Bentley bestowed the Scholar of the Year Award to M. Lynne Markus, John W. Poduska, Sr. Professor of Information Management. The Joseph M. Cronin Award for Excellence in Academic Advising was presented Emily Roth, associate professor of Mathematical Sciences.

Student honorees included Sean M. McEwan, winner of the Professor Robert J. Weafer Award for Undergraduate Academic Excellence. Elizabeth H. Raskob and Lisa J. Renery were both winners of the Professor E. Williams Dandes Award for Graduate Academic Excellence. James M. Connolly was recognized as the Outstanding Evening Student.

James H. Quigley was named Chief Executive Officer of Deloitte & Touche USA LLP in June 2003. Most recently, Quigley was Vice Chairman of Deloitte and Regional Managing Partner of the New York practice, with responsibility for service to companies in the metropolitan region of New York, New Jersey and Connecticut. With nearly 30 years of experience, Quigley has a distinguished track record of service to many leading clients in a broad range of industries. He was also National Industry Leader for the firm's Manufacturing practice.

Jim Koch, founder and chairman of The Boston Beer Company, is the heir to one of America's oldest brewing families. Yet when he started his business career in 1978 armed with a BA, MBA and JD from Harvard, Jim set out on a very different path as a management consultant at the Boston Consulting Group. During his six years at BCG, Jim traveled the country counseling Fortune 500 companies. By 1984, he started to see the occasional local microbrew, and he began to think it might be possible to be successful brewing a full-flavored beer.

For a transcript of commencement speeches and detailed information on the graduates, visit the Bentley Commencement 2005 web site at

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

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