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WNYLE is gladdened to annunciate the Nobel Prize Laureate Michael Spence, Sam Pitroda and Burt Rutan as WNYLE Prominent Leaders, in merit to their outstanding contribution and achievements in the field of economics, technology, innovation, business, academia, development and committment to youth.

The WNYLE Prominent Leader, is an international annual award administered by the World Network of Young Leaders and entrepreneurs (WNYLE) in Geneva, Switzerland. The award recognizes extraordinary talented persons who have made a significant and possitive contribution to the world. WNYLE Prominent Leaders, are precious sources for inspiration to  worlwide youth. Furthermore WNYLE Prominent Leaders provide leading-edge advise to WNYLE as life-members to the WNYLE Council of Prominent Leaders. 

 

WNYLE Prominent Leader

 

                    Michael Spence

 

 

  

Michael Spence (born November 7, 1943) is an American-born, Canadian-raised economist and recipient of the 2001 Nobel Memorial Prize in Economics, along with George A. Akerlof and Joseph E. Stiglitz, for their work on the dynamics of information flows and market development. He conducted this research while at Harvard University. In the current technological environment - with ever more abundant information flows about market development, prices, profit margins, investment instruments and rates of return - their work is more relevant than ever.

Michael Spence is famous for his job-market signaling model, which essentially triggered the enormous literature in this branch of contract theory. In this model, employees signal their respective skills to employers by acquiring a certain degree of education, which is costly to them. Employers will pay higher wages to more educated employees, because they know that the proportion of employees with high abilities is higher among the educated ones, as it is less costly for them to acquire education than it is for employees with low abilities. For the model to work, it is not even necessary for education to have any intrinsic value if it can convey information about the sender (employee) to the recipient (employer) and if the signal is costly.

In 1966, Spence was awarded a Rhodes Scholarship at Oxford University upon graduation from Princeton University with a degree in Mathematics. Spence is a former Dean of the Stanford Graduate School of Business and is presently the Chair of the World Bank Commission on Growth and Development.

For further information on the nomination and selection process of WNYLE Promiment Leaders, kindly contact us to the following electronic address:  prominentleaders@wnyle.org

 

WNYLE World Prominent Leader

 

Sam Pitroda

 

 

 

 

 

 

Satyanarayan Gangaram Pitroda, better known as Sam Pitroda (born in Titlagarh, Orissa) is an Indian-American inventor, entrepreneur and policymaker. Currently chairman of India's National Knowledge Commission, he is also widely considered to have been responsible for India's communications revolution [2]. He is the Chairman and CEO of World-Tel Limited, an International Telecommunication Union (ITU) initiative. He holds many key technology patents, has been involved in several startups, and lectures extensively around the world on management, governance and the implications of communications and information technology.

 

He is the founder and CEO of C-SAM, Inc, which has developed a suite of patented mobile transaction technology called OneWallet. The company has offices in London, Tokyo, and offshore development centres in India in Mumbai and Vadodara. He has served as an advisor to the United Nations and in 1992, his biography, 'Sam Pitroda: A Biography' was published, and became a bestseller on The Economic Times list for five weeks. Mr. Pitroda has lived mainly in Chicago, Illinois since 1964, with his wife and two children.

 

For further information on the nomination and selection process of WNYLE Promiment Leaders, kindly contact us to the following electronic address:  prominentleaders@wnyle.org

 

WNYLE World Prominent Leader

 

                     Burt Rutan

 

 

 

 

 

 

 

 

Elbert Leander "Burt" Rutan (born June 17, 1943 in Estacada, Oregon) is an American aerospace engineer noted for his originality in designing light, strong, unusual-looking, energy-efficient aircraft. He is most famous for his design of the record-breaking Voyager, which was the first plane to fly around the world without stopping or refueling, and the suborbital rocket plane SpaceShipOne, which won the Ansari X-Prize in 2004 for becoming the first privately funded spacecraft to enter the realm of space twice within a two week period.

 
By the time he was eight years old he was designing and building model aircraft. His first solo flight in a full scale plane was an Aeronca Champ in 1959, when he was sixteen. In 1965 he graduated third in his class from California Polytechnic University with an aeronautical engineering degree. From 1965 to 1972 Rutan worked for the U.S. Air Force at Edwards Air Force Base as a flight test project engineer, working on nine separate projects including fighter spin tests and the LTV XC-142 VSTOL transport. Shortly after, he became director of the Bede Test Center for Bede Aircraft, in Newton, Kansas, a position he held until 1974.Rutan struck out on his own in June of 1974 with the creation of the Rutan Aircraft Factory in the Mojave Desert, where he designed and developed prototypes for a number of aircraft, mostly homebuilt.
 
His first design was the Rutan VariViggen, a two-seat pusher with a canard in front. The canard was later to become a standard feature in most Rutan designs. In April 1982, Burt Rutan founded Scaled Composites,LLC, which has become one of the world's pre-eminent aircraft design and prototyping facilities. Scaled Composites is headquartered in Mojave, California. Rutan is married to Tonya Rutan, his fourth wife.
 
For further information on the nomination and selection process of WNYLE Promiment Leaders, kindly contact us to the following electronic address:  prominentleaders@wnyle.org