A 1973 OU business graduate and global expert on value investing, Michael F. Price returned to his alma mater in 1997 to make history with the announcement of an $18 million gift to the College of Business Administration. It was, for that time,the largest single gift to a public university and the largest single gift to a higher education institution in Oklahoma.The OU Regents officially designated the college as the Michael F. Price College of Business, making it the first college in OU history to be named for an individual.
In the fall of 2005, Price was honored by President David Boren and the University of Oklahoma at the dedication of Michael F. Price Hall, a 55,000-square-foot building dedicated entirely to student learning.
The original Price endowment is being invested in a strategic manner to focus on those areas of excellence that separate top-tier business schools from other schools. Price's original gift funds eight endowed faculty positions, a library endowment, scholarships and graduate assistantships, an MBA student support center, and a number of other initiatives, including:
The Student Investment Fund, a $425,000 portfolio of real investments that gives students a hands-on finance education.
The Price Scholars Program, an opportunity for OU MBA students to intern in New York's financial district or with a major corporation, take a course at Stern School of Business (NYU) and participate in an exclusive two - day value investing seminar at Columbia University.
A Long Island native, Michael Price grew up a Sooner football fan and decided to attend OU rather than a college on the East Coast. He earned his BBA in 1973, and then began work for Max L. Heine as a research assistant for Heine Securities Corp. in New York. By 1982, Price and Heine formally became partners. Following Heine's death in 1988, Price bought the company. A global expert on value investing, he increased the value of his mutual funds to more than $17 billion before selling Heine Securities to Franklin Securities in 1996. He stayed to manage the funds, which have ranked in the top ten percent of peer funds in recent years.
He is chairman of the board of Franklin Mutual Advisers Inc. and Franklin Mutual Series Fund Inc., and a managing partner of MFP Investors LLC. Additionally, he is founder and CEO of Mobile Briefs, an industry pioneer in Personalized Audio Broadcasting and the original founder of E-train, which is now the largest such provider of training globally with more than a million students yearly. Price is a trustee for the University of Oklahoma Foundation Inc. and a member of the International Programs Center's Board of Visitors. He was awarded an Honorary Degree from OU in 1998, the same year he served as Commencement speaker.