FEI celebrates 2007 Hall of Fame inductees.

• Position: EVENTS

Two new members were inducted into the Financial Executives International Hall of Fame during a gala celebration at Cipriani 23rd Street in New York City, on Sunday, Nov. 11. Following last year's inaugural group of five inductees, this brings the FEI Hall of Fame membership to seven.

Thomas E. Jones, vice chairman of the International Accounting Standards Board, and Samuel Siegel, former vice chairman, CFO, treasurer and secretary for Nucor Corp., accepted their awards among senior finance executive colleagues and peers, as well as family members and many FEI members and guests.

The FEI Hall of Fame, co-sponsored by Deloitte & Touche USA LLP, recognizes individuals who epitomize the performance, leadership and integrity of the most exemplary financial executives throughout their careers.

Jones, a former financial executive with Citicorp for nearly two decades, was introduced by former Federal Reserve Board Chairman Paul Volcker. Upon receiving the award, he said he was honored and spoke of his 52-year finance career, which was greatly intertwined with FEI in the U.S., France, Italy Belgium and the U.K. He kept the books for Citicorp's operations in more than 100 countries, and, after dealing with the attendant costs and confusions of different accounting standards, he said, "We are within view of comparable standards worldwide."

Siegel, who was introduced by Daniel DiMicco, the current chairman and CEO of Nucor, said he was pleasantly surprised by his election to the Hall of Fame. Since retiring in 1999, he said his strongest sense of Nucor's success is that "culture matters--people and relationships matter." He related the story of how, starting in 1975, he placed all of the employees' names on the cover of Nucor's annual report. There were 1,200 employees then; now, even with 17,000 employees, the tradition has continued.

FEI President and CEO Michael P. Cangemi, who was joined on the podium for the presentations by FEI Chair M. Alexis Dow and...