Capsules: Merton Miller Prize, Polonsky awardedThe Graduate School of Business last month awarded its first Merton Miller Prize, endowed by an anonymous donor in honor of Nobel laureate Merton Miller, the Robert R. McCormick Distinguished Service Professor Emeritus in the GSB. The prize, to be awarded annually, is given for the best paper submitted to the Journal of Business, a publication of the GSB. Miller was co-editor of the Journal of Business for 13 years. The prize was awarded to New York University faculty members Marcel Kahan, associate professor of law, and Bruce Tuckman, assistant professor of finance, for the paper "Do Bondholders Lose From Junk Bond Covenant Changes?" The recipients were selected by the journal's editors.
Kenneth Polonsky, Professor in Medicine and Section Chief of Endocrinology, has received the 1994 Outstanding Scientific Achievement Award from the American Diabetes Association. The award is presented each year to a researcher under the age of 45 who has made an outstanding contribution to diabetes research. Polonsky was honored specifically for his work to develop and apply "novel, sensitive and accurate methods of evaluating beta-cell function in people with different forms of diabetes, in people with very mild diabetes, and in people who have not yet developed diabetes." He received the award and presented the annual Lilly Lecture last month at the ADA's annual Scientific Sessions.