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The Wharton School has selected Management professor William Hamilton and Legal Studies assistant professor William Laufer as the recipients of the first annual David Hauck Award for Outstanding Teaching. The award is the largest of its kind offered by a business school in the United States, Wharton officials said last week. Both recipients will receive $15,000 cash awards which carry no restrictions on what they may be spend it on. The awards can even be used for noneducational expenses, Trustee of the David Hauck Foundation Greg Snyder said last week. "I'm absolutely thrilled to be honored with the first Hauck teaching award," Hamilton said, adding that he thinks the award is a high point of his 24-year career at Wharton. The selection criteria for the Hauck Award includes the ability to lead, stimulate and challenge students, knowledge of the latest reseach in the field, and a strong commitment to undergradute educational leadership. "I'm especially pleased that [Hauck] chose to honor those engaged in undergraduate teaching," said Janice Bellace, vice dean and director of the Wharton Undergraduate Division last week. "[Hauck] feels strongly that excellent teaching is the bedrock of an outstanding undergraduate educational experience." Students submitted nominations for the award for their favorite Wharton professors while department chairpersons were encouraged to submit letters of support and to define the candidates' contributions to the school. The award was established through a gift from David Hauck, a 1960 Wharton graduate, who serves on the Wharton Undergraduate Executive Board. Hauck is President and Chief Executive Officer of Complete Concepts, Ltd -- an Atlanta-based holding company. "[Hauck] is excited that the first recipients have been selected and will be receiving an award," Snyder said.

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