Frederick E. Balderston *53

Frederick E. Balderston, emeritus professor of the University of California, Berkeley's Haas School of Business, died Oct. 18, 2007, of emphysema. He was 84. A volunteer ambulance driver for the British Army from 1943 to 1945, he earned bachelor's and master's degrees from Cornell in 1948 and 1950. In 1953, he received a Ph.D. in economics from Princeton, and then went to Berkeley as an assistant professor. In the 1960s, he was California's savings and loan commissioner, which helped him become an expert on the savings and loan crisis of the 1980s. He also held high-level positions in the University of California system, and was involved in education management outside the university.  Balderston officially retired in 1991, but continued to teach. He received the Berkeley Citation, the school's highest honor, for his service.  His first wife, Judith, died in 1993. He is survived by his second wife, Elizabeth, four children, and five grandchildren.