(1862), as well as Medal of Honor recipients Frederick Hayes (1861), Josiah Chase (1861), Joseph F. Warren (1862), Lewis Millet (1943), Aaron Daggett (1860), and James Porter (1863). Bates alumni in business, finance, and economics include: General Mills CEO Robert Kinney (1939), Fidelity Fund managing director Barry Greenfield (1956), Analysis Group founder Bruce Stangle (1970), Merrill Lynch CFO Joseph Willit (1973), Japonica Partners CEO Paul Kazarian (1978), L Catterton CEO Michael Chu (1980), Cubist Pharmaceuticals CEO Michael Bonney (1980), National Bank of Canada CEO Louis Vachon (1983), and Affiliated Managers Group CFO Darrell Crate (1989). In literature, music, journalism, television, and film, the following attended Bates: actors Jeffery Lynn (1930), John Shea (1970), Maria Bamford (1990–92), Bryant Gumbel (1970), writers Jeffrey K. Tulis (1972), Elizabeth Strout (1977), Lisa Genova (1992), and Brian McGrory (1984) and musician Corey Harris (1991). Bates counts 12 Olympian alumni: Vaughn Blanchard (1912), Harlan Holden (1913), Ray Buker (1922), Art Sager (1926), Arnold Adams (1933), Nancy Fiddler (1978), Mike Ferry (1997), Justin Freeman (1998), Andrew Byrnes (2005), Hayley Johnson (2006), Emily Bamford (2015), and Dinos Lefkaritis (2019). Administration Leadership Bates College is governed by its central administration, headquartered in and metonymically known as "Lane Hall". The first president of the college was its founder, Oren Burbank Cheney and its president is Clayton Spencer, who took office October 26, 2012. There have been eight presidents of Bates College, and one interim president. The president is ex officio a member and president of the board of trustees, chief executive officer of the corporation, and principal academic of the college. There are 37 members on the Bates College board of trustees. The chairman of the board is 1980 alumnus and founder of Prospector Partners, John Gillespie. Endowment and fundraising As a tax-exempt nonprofit organization, Bates is classified under section 501(c) of the U.S. Internal Revenue Code. The endowment surpasses the national average, yet has been seen as a laggard compared to its direct peers. During the first half-century of the college, the endowment grew at an exponentially high rate, topping off at $1 million in 1910, as Yale University, then 207 years old, stood at $12 million. "Lackluster fundraising, poor governance, and divestments" from the 1960s to 1980s, "cost Bates hundreds of millions" according to a 2019-20 The Student/BCIC academic study. During the 2007–08 financial crisis and subsequent recession, the college's endowment lost 31% of market value. The Bates