Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts. The school offers a large full-time MBA program, doctoral programs, HBS Online and many executive education programs, it owns Harvard Business Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies and the monthly Harvard Business Review. It is home to the Baker Library/Bloomberg Center; the school was established in 1908. Established by the humanities faculty, it received independent status in 1910, became a separate administrative unit in 1913; the first dean was historian Edwin Francis Gay. Yogev explains the original concept: This school of business and public administration was conceived as a school for diplomacy and government service on the model of the French Ecole des Sciences Politiques; the goal was an institution of higher learning that would offer a master of arts degree in the humanities field, with a major in business.
In discussions about the curriculum, the suggestion was made to concentrate on specific business topics such as banking, so on... Professor Lowell said the school would train qualified public administrators whom the government would have no choice but to employ, thereby building a better public administration... Harvard was blazing a new trail by educating young people for a career in business, just as its medical school trained doctors and its law faculty trained lawyers; the business school pioneered the development of the case method of teaching, drawing inspiration from this approach to legal education at Harvard. Cases are descriptions of real events in organizations. Students are positioned as managers and are presented with problems which they need to analyse and provide recommendations on. From the start the school enjoyed a close relationship with the corporate world. Within a few years of its founding many business leaders were its alumni and were hiring other alumni for starting positions in their firms.
At its founding, the school accepted only male students. The Training Course in Personnel Administration, founded at Radcliffe College in 1937, was the beginning of business training for women at Harvard. HBS took over administration of that program from Radcliffe in 1954. In 1959, alumnae of the one-year program were permitted to apply to join the HBS MBA program as second-years. In December 1962, the faculty voted to allow women to enter the MBA program directly; the first women to apply directly to the MBA program matriculated in September 1963. In 2012–2013, HBS administration implemented new programs and practices to improve the experience of female students and recruit more female professors. HBS established nine global research centers and four regional offices and functions through offices in Asia Pacific, United States, South Asia, Middle East and North Africa and Latin America. In 2018, HBS was tied for 1st with Chicago Booth by U. S. News & World ranked 5th in the world by the Financial Times.
HBS students can join more than 80 different clubs and student organizations on campus. The Student Association is the main interface between the MBA student body and the faculty/administration. In addition, HBS student body is represented at the university-level by the Harvard Graduate Council. In 2015, executive education contributed $168 million to HBS's total revenue of $707 million; the Advanced Management Program is a seven-week $82,000 residential course with the stated aim of "transforming proven leaders into global executives". It was first run in 1945, has had 20,000 attendees. There are "no formal educational requirements", on completion, "you will become a lifetime member of the HBS alumni community". In 2016, the BBC noted that attendees "can have an experience that more mimics the MBA degree, with the opportunity to develop closer friendships and full access to university alumni minus the rigorous admissions process." The Owner/President Management Program consists of three three-week $44,000 "units" spread over two years, aimed at "business owners and entrepreneurs".
There are "no formal educational requirements" Notable attendees include model-turned-businesswoman Tyra Banks, criticised for using phrases such as "I went to business school", from which people might infer that she earned a Harvard MBA. HBS Online HBX, is an online learning initiative announced by the Harvard Business School in March 2014 to host online university-level courses. Initial programs are the Credential of Readiness and Disruptive Strategy with Clayton Christensen. Leading with Finance, taught by Mihir A. Desai, was added to the catalog in August 2016. HBS Online created HBX Live, a virtual classroom based at WGBH in Boston; the duration of HBS Standard Online CORe course is 10 to 12 weeks and costs $2,250. The Summer Venture in Management Program is a one-week management training program for rising college seniors designed to increase diversity and opportunity in business education. Participants must be employed in a summer internship and be nominated by and have sponsorship from their organization to attend.
The school's faculty are divided into 10 academic units: Management. In the fall of 2010, Tata related companies and charities donated $50
Harvard University is a private Ivy League research university in Cambridge, with about 6,700 undergraduate students and about 15,250 postgraduate students. Established in 1636 and named for its first benefactor, clergyman John Harvard, Harvard is the United States' oldest institution of higher learning, its history and wealth have made it one of the world's most prestigious universities; the Harvard Corporation is its first chartered corporation. Although never formally affiliated with any denomination, the early College trained Congregational and Unitarian clergy, its curriculum and student body were secularized during the 18th century, by the 19th century, Harvard had emerged as the central cultural establishment among Boston elites. Following the American Civil War, President Charles W. Eliot's long tenure transformed the college and affiliated professional schools into a modern research university. A. Lawrence Lowell, who followed Eliot, further reformed the undergraduate curriculum and undertook aggressive expansion of Harvard's land holdings and physical plant.
James Bryant Conant led the university through the Great Depression and World War II and began to reform the curriculum and liberalize admissions after the war. The undergraduate college became coeducational after its 1977 merger with Radcliffe College; the university is organized into eleven separate academic units—ten faculties and the Radcliffe Institute for Advanced Study—with campuses throughout the Boston metropolitan area: its 209-acre main campus is centered on Harvard Yard in Cambridge 3 miles northwest of Boston. Harvard's endowment is worth $39.2 billion, making it the largest of any academic institution. Harvard is a large residential research university; the nominal cost of attendance is high, but the university's large endowment allows it to offer generous financial aid packages. The Harvard Library is the world's largest academic and private library system, comprising 79 individual libraries holding over 18 million items; the University is cited as one of the world's top tertiary institutions by various organizations.
Harvard's alumni include eight U. S. presidents, more than thirty foreign heads of state, 62 living billionaires, 359 Rhodes Scholars, 242 Marshall Scholars. As of October 2018, 158 Nobel laureates, 18 Fields Medalists, 14 Turing Award winners have been affiliated as students, faculty, or researchers. In addition, Harvard students and alumni have won 10 Academy Awards, 48 Pulitzer Prizes and 108 Olympic medals, have founded a large number of companies worldwide. Harvard was established in 1636 by vote of the Great and General Court of the Massachusetts Bay Colony. In 1638, it acquired British North America's first known printing press. In 1639, it was named Harvard College after deceased clergyman John Harvard, an alumnus of the University of Cambridge, who had left the school £779 and his scholar's library of some 400 volumes; the charter creating the Harvard Corporation was granted in 1650. A 1643 publication gave the school's purpose as "to advance learning and perpetuate it to posterity, dreading to leave an illiterate ministry to the churches when our present ministers shall lie in the dust".
It offered a classic curriculum on the English university model—many leaders in the colony had attended the University of Cambridge—but conformed to the tenets of Puritanism. It was never affiliated with any particular denomination, but many of its earliest graduates went on to become clergymen in Congregational and Unitarian churches; the leading Boston divine Increase Mather served as president from 1685 to 1701. In 1708, John Leverett became the first president, not a clergyman, marking a turning of the college from Puritanism and toward intellectual independence. Throughout the 18th century, Enlightenment ideas of the power of reason and free will became widespread among Congregational ministers, putting those ministers and their congregations in tension with more traditionalist, Calvinist parties; when the Hollis Professor of Divinity David Tappan died in 1803 and the president of Harvard Joseph Willard died a year in 1804, a struggle broke out over their replacements. Henry Ware was elected to the chair in 1805, the liberal Samuel Webber was appointed to the presidency of Harvard two years which signaled the changing of the tide from the dominance of traditional ideas at Harvard to the dominance of liberal, Arminian ideas.
In 1846, the natural history lectures of Louis Agassiz were acclaimed both in New York and on the campus at Harvard College. Agassiz's approach was distinctly idealist and posited Americans' "participation in the Divine Nature" and the possibility of understanding "intellectual existences". Agassiz's perspective on science combined observation with intuition and the assumption that a person can grasp the "divine plan" in all phenomena; when it came to explaining life-forms, Agassiz resorted to matters of shape based on a presumed archetype for his evidence. This dual view of knowledge was in concert with the teachings of Common Sense Realism derived from Scottish philosophers Thomas Reid and Dugald Stewart, whose works were part of the Harvard curriculum at the time; the popularity of Agassiz's efforts to "soar with Plato" also derived from other writings to which Harvard students
The Age is a daily newspaper, published in Melbourne, since 1854. Owned and published by Nine, The Age serves Victoria but is available for purchase in Tasmania, the Australian Capital Territory and border regions of South Australia and southern New South Wales, it is delivered in both hardcopy and online formats. The newspaper shares many articles with other Fairfax Media metropolitan daily newspapers, such as The Sydney Morning Herald; as at February 2017, The Age had an average weekday circulation of 88,000, increasing to 152,000 on Saturdays. The Sunday Age had a circulation of 123,000; these represented year-on-year declines of somewhere from 8% to 9%. The Age's website, according to third-party web analytics providers Alexa and SimilarWeb, is the 44th and 58th most visited website in Australia as of July 2015. SimilarWeb rates the site as the seventh most visited news website in Australia, attracting more than 7 million visitors per month; the Age was founded by three Melbourne businessmen, the brothers John and Henry Cooke, who had arrived from New Zealand in the 1840s, Walter Powell.
The first edition appeared on 17 October 1854. The venture was not a success, in June 1856 the Cookes sold the paper to Ebenezer Syme, a Scottish-born businessman, James McEwan, an ironmonger and founder of McEwans & Co, for 2,000 pounds at auction; the first edition under the new owners was on 17 June 1856. From its foundation the paper was self-consciously liberal in its politics: "aiming at a wide extension of the rights of free citizenship and a full development of representative institutions," and supporting "the removal of all restrictions upon freedom of commerce, freedom of religion and—to the utmost extent, compatible with public morality—upon freedom of personal action."Ebenezer Syme was elected to the Victorian Legislative Assembly shortly after buying The Age, his brother David Syme soon came to dominate the paper and managerially. When Ebenezer died in 1860, David became editor-in-chief, a position he retained until his death in 1908, although a succession of editors did the day-to-day editorial work.
In 1891, Syme bought out Ebenezer's heirs and McEwan's and became sole proprietor. He built up The Age into Victoria's leading newspaper. In circulation, it soon overtook its rivals The Herald and The Argus, by 1890 it was selling 100,000 copies a day, making it one of the world's most successful newspapers. Under Syme's control The Age exercised enormous political power in Victoria, it supported liberal politicians such as Graham Berry, George Higinbotham and George Turner, other leading liberals such as Alfred Deakin and Charles Pearson furthered their careers as The Age journalists. Syme was a free trader, but converted to protectionism through his belief that Victoria needed to develop its manufacturing industries behind tariff barriers. In the 1890s, The Age was a leading supporter of Australian federation and of the White Australia policy. After Syme's death the paper remained in the hands of his three sons, with his eldest son Herbert Syme becoming general manager until his death in 1939.
Syme's will prevented the sale of any equity in the paper during his sons' lifetimes, an arrangement designed to protect family control but which had the effect of starving the paper of investment capital for 40 years. Under the management of Sir Geoffrey Syme, his chosen editors Gottlieb Schuler and Harold Campbell, The Age failed to modernise, lost market share to The Argus and to the tabloid The Sun News-Pictorial, although its classified advertisement sections kept the paper profitable. By the 1940s, the paper's circulation was smaller than it had been in 1900, its political influence declined. Although it remained more liberal than the conservative Argus, it lost much of its distinct political identity; the historian Sybil Nolan writes: "Accounts of The Age in these years suggest that the paper was second-rate, outdated in both its outlook and appearance. Walker described a newspaper which had fallen asleep in the embrace of the Liberal Party, it is criticised not only for its increasing conservatism, but for its failure to keep pace with innovations in layout and editorial technique so demonstrated in papers like The Sun News-Pictorial and The Herald."
In 1942, David Syme's last surviving son, Oswald Syme, took over the paper. He modernised the paper's appearance and standards of news coverage. In 1948, convinced the paper needed outside capital, he persuaded the courts to overturn his father's will and floated David Syme and Co. as a public company, selling 400,000 pounds worth of shares, enabling a badly needed technical modernisation of the newspaper's production. A takeover attempt by the Warwick Fairfax family, publishers of The Sydney Morning Herald, was beaten off; this new lease on life allowed The Age to recover commercially, in 1957 it received a great boost when The Argus ceased publication. Oswald Syme retired in 1964, his grandson Ranald Macdonald became chairman of the company, he was the first chairman to hand over full control of the paper to a professional editor from outside the Syme family. This was Graham Perkin, appointed in 1966, who radically changed the paper's format and shifted its editorial line from the rather conservative liberalism of the Symes to a new "left liberalism" characterised by attention to issues such as race and the environment, opposition to White Australia and the death penalty.
It became more s
The Sydney Morning Herald
The Sydney Morning Herald is a daily compact newspaper owned by Nine in Sydney, New South Wales, Australia. Founded in 1831 as the Sydney Herald, the SMH is the oldest continuously published newspaper in Australia and a national online news brand; the print version of the newspaper is published six days a week. The Sydney Morning Herald includes a variety including the magazines Good Weekend. There are a variety of lift-outs, some of them co-branded with online classified advertising sites: The Guide on Monday Good Food and Domain on Tuesday Money on Wednesday Drive, Shortlist on Friday News Review, Domain, Drive and MyCareer on SaturdayAs of February 2016, average week-day print circulation of the paper was 104,000; the editor is Lisa Davies. Former editors include Darren Goodsir, Judith Whelan, Sean Aylmer, Peter Fray, Meryl Constance, Amanda Wilson, William Curnow, Andrew Garran, Frederick William Ward, Charles Brunsdon Fletcher, Colin Bingham, Max Prisk, John Alexander, Paul McGeough, Alan Revell and Alan Oakley.
The February 2016 average circulation of the paper was 104,000. In December 2013, the Audit Bureau of Circulations's audit on newspaper circulation states a monthly average of 132,000 copies were sold, Monday to Friday, 228,000 copies on Saturday, both having declined 16% in 12 months. According to Roy Morgan Research Readership Surveys, in the twelve months to March 2011, the paper was read 766,000 times on Monday to Friday, read 1,014,000 times on Saturdays; the newspaper's website smh.com.au was rated by third-party web analytics providers Alexa and SimilarWeb as the 17th and 32nd most visited website in Australia as of July 2015. SimilarWeb rates the site as the fifth most visited news website in Australia and as the 42nd newspaper's website globally, attracting more than 15 million visitors per month, it is available nationally except in the Northern Territory. Limited copies of the newspaper are available at newsagents in New Zealand and at the High Commission of Australia, London. In 1831 three employees of the now-defunct Sydney Gazette, Ward Stephens, Frederick Stokes and William McGarvie, founded The Sydney Herald.
In 1931 a Centenary Supplement was published. The original four-page weekly had a print run of 750. In 1840, the newspaper began to publish daily. In 1841, an Englishman named John Fairfax purchased the operation, renaming it The Sydney Morning Herald the following year. Fairfax, whose family were to control the newspaper for 150 years, based his editorial policies "upon principles of candour and honour. We have no wish to mislead. During the decade 1890, Donald Murray worked there; the SMH was late to the trend of printing news rather than just advertising on the front page, doing so from 15 April 1944. Of the country's metropolitan dailies, only The West Australian was in making the switch. In 1949, the newspaper launched The Sunday Herald. Four years this was merged with the newly acquired Sun newspaper to create The Sun-Herald, which continues to this day. In 1995, the company launched the newspaper's web edition smh.com.au. The site has since grown to include interactive and multimedia features beyond the content in the print edition.
Around the same time, the organisation moved from Jones Street to new offices at Darling Park and built a new printing press at Chullora, in the city's west. The SMH has since moved with other Sydney Fairfax divisions to a building at Darling Island. In May 2007, Fairfax Media announced it would be moving from a broadsheet format to the smaller compact or tabloid-size, in the footsteps of The Times, for both The Sydney Morning Herald and The Age. Fairfax Media dumped these plans in the year. However, in June 2012, Fairfax Media again announced it planned to shift both broadsheet newspapers to tabloid size, in March 2013. Fairfax announced it would cut staff across the entire group by 1,900 over three years and erect paywalls around the papers' websites; the subscription type is to be a freemium model, limiting readers to a number of free stories per month, with a payment required for further access. The announcement was part of an overall "digital first" strategy of digital or on-line content over printed delivery, to "increase sharing of editorial content", to assist the management's wish for "full integration of its online and mobile platforms".
In July 2013 it was announced that the SMH's news director, Darren Goodsir, would become Editor-in-Chief, replacing Sean Aylmer. On 22 February 2014, the final Saturday edition was produced in broadsheet format with this too converted to compact format on 1 March 2014, ahead of the decommissioning of the printing plant at Chullora in June 2014. According to Irial Glynn, the newspaper's editorial stance is centrist, it is seen as the most centrist among the three major Australian non-tabloids. In 2004, the newspaper's editorial page stated: "market libertarianism and social liberalism" were the two "broad themes" that guided the Herald's editorial stance. During the 1999 referendum on whether Australia should become a republic, the Herald supported a "yes" vote; the newspaper did not endorse the Labor Party for federal office in the first six decades of Federation, but did endorse the party in 1961, 1984, 1987. During the 2004 Australian federal election, the Herald annou
Australia the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands. It is the world's sixth-largest country by total area; the neighbouring countries are Papua New Guinea and East Timor to the north. The population of 25 million is urbanised and concentrated on the eastern seaboard. Australia's capital is Canberra, its largest city is Sydney; the country's other major metropolitan areas are Melbourne, Brisbane and Adelaide. Australia was inhabited by indigenous Australians for about 60,000 years before the first British settlement in the late 18th century, it is documented. After the European exploration of the continent by Dutch explorers in 1606, who named it New Holland, Australia's eastern half was claimed by Great Britain in 1770 and settled through penal transportation to the colony of New South Wales from 26 January 1788, a date which became Australia's national day; the population grew in subsequent decades, by the 1850s most of the continent had been explored and an additional five self-governing crown colonies established.
On 1 January 1901, the six colonies federated. Australia has since maintained a stable liberal democratic political system that functions as a federal parliamentary constitutional monarchy, comprising six states and ten territories. Being the oldest and driest inhabited continent, with the least fertile soils, Australia has a landmass of 7,617,930 square kilometres. A megadiverse country, its size gives it a wide variety of landscapes, with deserts in the centre, tropical rainforests in the north-east and mountain ranges in the south-east. A gold rush began in Australia in the early 1850s, its population density, 2.8 inhabitants per square kilometre, remains among the lowest in the world. Australia generates its income from various sources including mining-related exports, telecommunications and manufacturing. Indigenous Australian rock art is the oldest and richest in the world, dating as far back as 60,000 years and spread across hundreds of thousands of sites. Australia is a developed country, with the world's 14th-largest economy.
It has a high-income economy, with the world's tenth-highest per capita income. It is a regional power, has the world's 13th-highest military expenditure. Australia has the world's ninth-largest immigrant population, with immigrants accounting for 26% of the population. Having the third-highest human development index and the eighth-highest ranked democracy globally, the country ranks in quality of life, education, economic freedom, civil liberties and political rights, with all its major cities faring well in global comparative livability surveys. Australia is a member of the United Nations, G20, Commonwealth of Nations, ANZUS, Organisation for Economic Co-operation and Development, World Trade Organization, Asia-Pacific Economic Cooperation, Pacific Islands Forum and the ASEAN Plus Six mechanism; the name Australia is derived from the Latin Terra Australis, a name used for a hypothetical continent in the Southern Hemisphere since ancient times. When Europeans first began visiting and mapping Australia in the 17th century, the name Terra Australis was applied to the new territories.
Until the early 19th century, Australia was best known as "New Holland", a name first applied by the Dutch explorer Abel Tasman in 1644 and subsequently anglicised. Terra Australis still saw occasional usage, such as in scientific texts; the name Australia was popularised by the explorer Matthew Flinders, who said it was "more agreeable to the ear, an assimilation to the names of the other great portions of the earth". The first time that Australia appears to have been used was in April 1817, when Governor Lachlan Macquarie acknowledged the receipt of Flinders' charts of Australia from Lord Bathurst. In December 1817, Macquarie recommended to the Colonial Office. In 1824, the Admiralty agreed that the continent should be known by that name; the first official published use of the new name came with the publication in 1830 of The Australia Directory by the Hydrographic Office. Colloquial names for Australia include "Oz" and "the Land Down Under". Other epithets include "the Great Southern Land", "the Lucky Country", "the Sunburnt Country", "the Wide Brown Land".
The latter two both derive from Dorothea Mackellar's 1908 poem "My Country". Human habitation of the Australian continent is estimated to have begun around 65,000 to 70,000 years ago, with the migration of people by land bridges and short sea-crossings from what is now Southeast Asia; these first inhabitants were the ancestors of modern Indigenous Australians. Aboriginal Australian culture is one of the oldest continual civilisations on earth. At the time of first European contact, most Indigenous Australians were hunter-gatherers with complex economies and societies. Recent archaeological finds suggest. Indigenous Australians have an oral culture with spiritual values based on reverence for the land and a belief in the Dreamtime; the Torres Strait Islanders, ethnically Melanesian, obtained their livelihood from seasonal horticulture and the resources of their reefs and seas. The northern coasts and waters of Australia were visited s
Order of the British Empire
The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, public service outside the civil service. It was established on 4 June 1917 by King George V and comprises five classes across both civil and military divisions, the most senior two of which make the recipient either a knight if male or dame if female. There is the related British Empire Medal, whose recipients are affiliated with, but not members of, the order. Recommendations for appointments to the Order of the British Empire were made on the nomination of the United Kingdom, the self-governing Dominions of the Empire and the Viceroy of India. Nominations continue today from Commonwealth countries that participate in recommending British honours. Most Commonwealth countries ceased recommendations for appointments to the Order of the British Empire when they created their own honours; the five classes of appointment to the Order are, in descending order of precedence: Knight Grand Cross or Dame Grand Cross of the Most Excellent Order of the British Empire Knight Commander or Dame Commander of the Most Excellent Order of the British Empire Commander of the Most Excellent Order of the British Empire Officer of the Most Excellent Order of the British Empire Member of the Most Excellent Order of the British Empire The senior two ranks of Knight or Dame Grand Cross, Knight or Dame Commander, entitle their members to use the title of Sir for men and Dame for women before their forename.
Most members are citizens of the United Kingdom or the Commonwealth realms that use the Imperial system of honours and awards. Honorary knighthoods are appointed to citizens of nations where the Queen is not head of state, may permit use of post-nominal letters but not the title of Sir or Dame. Honorary appointees are, referred to as Sir or Dame – Bob Geldof, for example. Honorary appointees who become a citizen of a Commonwealth realm can convert their appointment from honorary to substantive enjoy all privileges of membership of the order, including use of the title of Sir and Dame for the senior two ranks of the Order. An example is Irish broadcaster Terry Wogan, appointed an honorary Knight Commander of the Order in 2005, on successful application for British citizenship, held alongside his Irish citizenship, was made a substantive member and subsequently styled as Sir Terry Wogan. King George V founded the Order to fill gaps in the British honours system: The Orders of the Garter, of St Patrick honoured royals, peers and eminent military commanders.
In particular, King George V wished to create an Order to honour many thousands of those who had served in a variety of non-combatant roles during the First World War. When first established, the Order had only one division. However, in 1918, soon after its foundation, it was formally divided into Military and Civil Divisions; the Order's motto is For the Empire. At the foundation of the Order, the'Medal of the Order of the British Empire' was instituted, to serve as a lower award granting recipients affiliation but not membership. In 1922, this was renamed the'British Empire Medal', it stopped being awarded by the United Kingdom as part of the 1993 reforms to the honours system, but was again awarded beginning in 2012, starting with 293 BEMs awarded for Queen Elizabeth II's Diamond Jubilee. In addition, the BEM is awarded by some other Commonwealth nations. In 2004, a report entitled "A Matter of Honour: Reforming Our Honours System" by a Commons committee recommended to phase out the Order of the British Empire, as its title was "now considered to be unacceptable, being thought to embody values that are no longer shared by many of the country's population".
The British monarch is Sovereign of the Order, appoints all other members of the Order. The next most senior member is the Grand Master, of whom there have been three: Prince Edward, the Prince of Wales; the Order is limited to 300 Knights and Dames Grand Cross, 845 Knights and Dames Commander, 8,960 Commanders. There are no limits applied to the total number of members of the fourth and fifth classes, but no more than 858 Officers and 1,464 Members may be appointed per year. Foreign appointees, as honorary members, do not contribute to the numbers restricted to the Order as full members do. Although the Order of the British Empire has by far the highest number of members of the British Orders of Chivalry, with over 100,000 living members worldwide, there are fewer appointments to knighthoods than in other orders. Though men can be knighted separately from an order of chivalry, women cannot, so the rank of Knight/Dame Commander of the Order is the lowest rank of damehood, second-lowest of knighthood.
Because of this, an appointment as Dame Commander is made in circumstances in which a man would be created a Knight Bachelor. For example, by convention, female judges of the High Court of Justice are created Dames Commander after appointment, while male judges
Mary Fairfax, was a Polish-born Australian businesswoman and philanthropist. As the third wife of wealthy media proprietor Sir Warwick Fairfax, she became known as Lady Fairfax upon his knighthood in 1967, she inherited most of his vast fortune upon his death in January 1987, becoming one of Australia's richest women. Marie Wein was born into a Jewish family in Warsaw, the daughter of Anna and Kevin Wein, the son of a miller, she came to Australia with her parents in the late 1920s to escape European anti-Semitism. She attended the Presbyterian Ladies College, where she won prizes for history and chemistry, she came to own several Sydney dress shops. In 1945, Wein married solicitor Cedric Symonds, with whom she had Garth, she began having an affair with Warwick Oswald Fairfax, a scion of the Fairfax family, in the late 1950s. She divorced her husband in 1958 and married Fairfax on 4 July 1959, the day after he divorced his second wife, she converted from Judaism to Catholicism before the wedding.
They had three children: Warwick Jr. Anna and Charles. After the death of her husband Sir Warwick in 1987, Fairfax continued to live in the family home, owned by the Fairfax family since 1900, she moved to Manhattan, New York, in 1988, purchasing a penthouse apartment known as the "Chateau in the Sky", atop the Pierre Hotel, Fifth Avenue, for US$12 million. She sold the apartment in 1999 to financier Martin Zweig for $21.5 million and returned to Australia. The penthouse in Manhattan became New York's most expensive penthouse and was put up for sale in 2013 for an asking price of US$125 million. However, after four years on the market, the property sold at a deep discount for $44 million to Howard Lutnick, the CEO of Cantor Fitzgerald. At the time of Fairfax's purchase of the property, previous tenants had included John Paul Getty, Elizabeth Taylor, Yves Saint-Laurent and Mohamed al-Fayed. Lady Fairfax died of natural causes at her family home on 17 September 2017. In recognition of her service to the community, Fairfax was appointed an Officer of the Order of the British Empire in 1976.
She was made a Member of the Order of Australia in 1988, upgraded to Companion of the Order of Australia in 2005, for "service to the community of wide ranging social and economic benefit through support and philanthropy for ongoing medical research initiatives, improved health care opportunities, nurturing artistic talent in young performers, preservation of diverse cultural heritage". Fairfax's personal wealth in 2012 was estimated by the BRW at A$418 million, her assets include the residential land development, Harrington Park, near Camden in New South Wales. Harrington Park was the name of the cattle property once owned by Lady Fairfax. Lady Fairfax was a chairman and president of the Friends of The Australian Ballet and was the president of the Australian Opera Foundation during the 1970s, her philanthropy includes gifts of A$750,000 to St Vincent's Foundation and A$250,000 to the Garvan Foundation in 2002 on the occasion of her eightieth birthday. Fairfax family Fairwater