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Once a Lawn Mower, a Self-made Billionaire Makes a Lasting Gift to Virginia Tech

to a great university VPI. Thanks for being so close to us for so long.'

The Torgersen-Schmidt friendship started in the late 1960s. A few years after the Torgersens moved to Palmer Drive in Blacksburg in 1969, their next-door neighbors became Wilson and Ellie Schmidt. At the time, Wilson Schmidt was the head of the University's Department of Economics.

'Our families were raised next door to each other. Our children overlap in age. Wilson and I borrowed all sorts of tools from each other. We shared a chain saw. Our three children were the only individuals from Blacksburg to attend Eric's wedding in New Jersey.' Torgersen recalled.

While Torgersen was president of Virginia Tech, he invited Eric Schmidt to return to campus to be the 1999 commencement speaker. At that time, Schmidt was the chairman and CEO of Novell Inc. After that visit, Schmidt funded a professorship in economics in his late father’s name.

Most recently, the Torgersens attended with Schmidt and his mother, Ellie, the induction of new members into the National Academy of Engineering (NAE). Schmidt was one of the inductees, recognized by the NAE for his work on 'the development of strategies for the world's most successful Internet search engine company.'

Schmidt's previous employment includes chief technology officer and CEO at Sun Microsystems Inc., where he led the development of Java, Sun’s platform independent programming technology.

According to University Development, an endowed deanship is the single most prestigious position in a school or college. Those appointed to the position of dean are charged with maintaining and enhancing the quality of the school or college they head. They are the leaders responsible for creating a vision for the school or college and for developing programs to implement and embody that vision.

Endowment gifts for school or college deanships provide discretionary funds that enable deans to build a
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