|THE SMITH CENTER||for Private Enterprise Studies|
The Herman W. Lay Memorial Award does more than recognize one of the founders of our organization. Herman Lay was an outstanding example of the entrepreneurial spirit. He trod a path that led from a single snack food truck to becoming the Chief Executive Officer of one of the world's largest firms, Pepsi Cola. Herman was as generous as he was successful. His philanthropy extended to many causes, including the establishment of private enterprise and entrepreneurship programs. It was a generous gift of his that made the formation of Association of Private Enterprise Education (APEE) possible. Each year, APEE searches for individuals who, in their business and public lives, have emulated the pattern of success and philanthropy that Herman Lay lived. Recipients of the Herman W. Lay Memorial Award are selected because they are representative of the best that the free enterprise system produces. By calling attention to their lives and to their actions, APEE hopes to stimulate other individuals to be equally supportive of free enterprise and entrepreneurship.
Award given April 7th 2002 in Cancun, Mexico, at the annual
Association of Private Enterprise Education. (APEE)
Owen and Erma Smith, (left) the Smith Center Founders.
Charles Baird, (right) Former Director of the Smith Center.
Charles Baird at the podium.
(from the left) Charles Baird, Owen Smith, Erma Smith, Mrs Clark, and J.R. Clark, Probasco Chair of The University of Tennessee at Chattanooga.