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Friday, October 14, 2011

Mansueto Unveils a High-Tech Library

News summary by MFWire's editors

Morningtar founder and CEO Joe Mansueto and his wife Rika unveiled their library to students and faculty at the University of Chicago on Tuesday.

Mansueto graduated from the University of Chicago with Bachelor of Arts/Science and Master of Business Administration degrees and Morningstar remains headquartered in that city.

The university built the library atop a 50-foot-deep automated retrieval system with a total capacity of 3.5 million volumes, after the University's growing collection of books prompted the university's president Robert Zimmer to approach the Mansuetos about expanding the library system over four years ago.

"It was not a safe choice, it was not a conventional choice," Mansueto said at the dedication.

The university also released a two minute video explaining how the library functions.

Mansueto was reportedly pleased to see how the library has become a part of daily student life—particularly that of students in sororities and fraternities.

"A recent alum sent me a link to a Facebook page entitled 'Thetas love Mansueto'; I was only vaguely aware [then] that there was a sorority on campus," he said. 

Edited by: Hung Tran

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