Dr. Donald S. Shannon, esteemed professor of Accountancy at DePaul University for over 25 years, died at Northwestern Hospital on Wednesday, Nov. 19, 2008, in Chicago, IL, after a long battle with Non-Hodgkin's Lymphoma.
He was born on Dec. 28, 1935, in Tacoma Park, MD. He spent his youth both in the U.S. and abroad living in Brazil, Florida, Turkey and West Virginia. He graduated from Greenbrier Military Academy, Lewisburg, WV; and went on to receive his B.A. in Accountancy from Duke University in 1957; his M.B.A. in Accountancy from the University of Chicago in 1964; and his Ph.D. in Finance from University of North Carolina, Chapel Hill, in 1972.
Donald Shannon worked as a CPA for Price Waterhouse in New York and Chicago. After completing his doctorate, he was a professor of Finance at the University of Kentucky. Here, he participated in the initial design of the doctoral program in Finance. He began his career at DePaul University in 1981.
He received numerous awards and recognition for his work.
Dr. Shannon served four years as the founding president of the Business Valuation Association of Chicago.
He was at the cutting edge of blending the disciplines of Accounting and Finance in the courses and programs he developed, particularly in regards to valuation. He loved helping students and was the faculty advisor for the National Association of Black Accountants for a number of years. Dr. Shannon also had an artistic side.
He both painted and drew and was very interested in woodworking. He loved the desert and kept a second home in Tucson, AZ. He was also a board member of A Red Orchid Theatre where his son Michael was a founding ensemble member.
He is survived by his wife, Ellen Shannon; his children Stacey Shannon, Gail Shannon, and Michael Shannon; his granddaughter, Sylvia Grace Arrington Shannon; and his mother, Elnora Hundley; and many other people who love him. He is the son of the late Raymond Corbett Shannon, who was a leading Entomologist for the Rockefeller Foundation.
The memorial service will be a private celebration of his life. In lieu of flowers, the family has set up a Donald Shannon Memorial scholarship fund for the School of Accountancy at DePaul University to continue to support his passion and love for education and teaching. Donations should be sent to DePaul University, Attention Denny Moller, 1 East Jackson, Chicago, IL 60604. Information:Heritage Cremations Ltd. 800-936-1414.
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