Philip Caldwell, Class of 1940
A 1940 graduate of Muskingum College, Philip Caldwell majored in economics and debated on the school's championship team. He earned a Master of Business Administration degree from Harvard University in 1942 and, following service in the United States Navy, began his career with Ford Motor Company.
Succeeding Henry Ford II as Chief Executive Officer and Chairman—and insisting that "Quality is Job No. One"—he orchestrated one of the most dramatic and successful turnarounds in business history. Upon his retirement from Ford, he served as Senior Managing Director of Lehman Brothers.
A member of the Muskingum University Board of Trustees for 37 years, Mr. Caldwell was awarded honorary doctoral degrees from his alma mater and numerous other colleges and universities, and served on the boards of directors of national and multi-national corporations and organizations.
Betsey Clark Caldwell, a graduate of the University of North Carolina, shared with her husband a wide-ranging interest in government, history, books, and music. Mrs. Caldwell participated in many historic restoration and preservation initiatives and, for many years, served as a member of the Mount Vernon Advisory Board. She also served the Detroit Symphony Orchestra as Vice Chairman of the Board of Save Orchestra Hall, one of Detroit's most successful historic preservation efforts.
Muskingum University formally dedicated Philip and Betsey Caldwell Hall on Friday, October 22, 2004 as a part of the University's Homecoming Weekend festivities. The 32,000 square-foot facility which houses programs in speech communication and theatre, including a state-of-the-art center for broadcasting, honors the extraordinary lives and generosity of two longtime champions of excellence in higher education.