[Federated Department Stores Inc. chairman and CEO Terry Lundgren] told a reporter for the University of Arizona Alumni Association magazine last fall that his father, who was working two jobs at the time, once rang Lundgren up on the pay telephone in the Sigma Phi Epsilon house to give the young man some bad news.
Lundgren's bad grades meant that his father was through paying the college tuition.
"You sound like you're having a really good time," Lundgren remembered his father saying to him. "I wish you a lot of luck, but I can no longer support your college education. If you want to go to college, I wish you would, but it's all got to be on your nickel."
He was awarded a "Sigma Phi Epsilon Citation" in 1993 but the listing on the HQ website needs to be updated.
"Terry J. Lundgren (1993), Arizona Beta, University of Arizona, '74; Chairman and CEO, Neiman Marcus Group. (1993), Arizona Beta, University of Arizona, '74; Chairman and CEO, Neiman Marcus Group."
