Richard A. Baker: Anatomy of a Real Estate Family
Richard Baker is the governor and chairman of Hudson's Bay Company, which was established in 1670 and is the longest continuously running retail company in North America. Hudson's Bay Company operates Lord & Taylor in the United States and the Bay, Home Outfitters, and Fields in Canada.
A member of the Cornell University Council and an alumnus of the School of Hotel Administration (SHA), Baker has been deeply involved in the university's academic life, participating regularly as a lecturer in what was formerly known as the Program in Real Estate and as a speaker for its Real Estate Conference. He is a member of the advisory boards of the SHA and the Baker Program in Real Estate. He joined the university's Major Gifts Committee in 2005 and is an active volunteer, particularly for the SHA. Most recently, he was appointed to the Board of Trustees' Committee on Development.
Cornell's Baker Program in Real Estate offers a comprehensive, professional graduate-level curriculum that educates the next generation of real estate industry leaders. Overseen by the deans of AAP and the School of Hotel Administration, the program has faculty members from seven different colleges across the university. With the collective expertise of the largest full-time, on-campus faculty in the nation, it provides a truly interdisciplinary real estate experience.
The program's faculty — which include three endowed positions in real estate — have extensive professional experience and industry ties. They have garnered recognition for their excellent work and research, as well as their dedicated classroom teaching. In addition, the selective nature of the program keeps class sizes small to encourage frequent one-on-one interactions between students and faculty. Students also work closely with faculty advisers, who provide vital course-selection guidance and expertise in areas of specialization.
Through the Cornell Real Estate Council — the largest university-based real estate network in the country — and extensive industry connections, the program extends well beyond campus. Such breadth and depth give students broad exposure to a range of fields — from architectural design to construction management, from real estate finance/investment to real estate development and deal structuring, among others. The program also allows students to focus on a real estate niche, giving them the opportunity to maximize Cornell's extensive real estate offerings in sculpting a concentration ideally suited to their individual interests.