I
107TH CONGRESS
1ST SESSION
H. R. 1879
To authorize the President to award a gold medal on behalf of the Congress
to Peter F. Drucker, the father of modern management, in recognition
of his accomplishments as a journalist, a writer, an economist, and
a philosopher.
IN THE HOUSE OF REPRESENTATIVES
MAY 16, 2001
Mr. RADANOVICH introduced the following bill; which was referred to the
Committee on Financial Services
A BILL
To authorize the President to award a gold medal on behalf
of the Congress to Peter F. Drucker, the father of mod-
ern management, in recognition of his accomplishments
as a journalist, a writer, an economist, and a philosopher.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. FINDINGS.
The Congress finds the following:
(1) Professor Peter F. Drucker, the father of
modern management, is one of the most influential
and widely read philosophers and writers on modern
organizations and management.
(2) Peter F. Drucker was born in Vienna, Aus-
tria, was educated there and in England, earned a
doctorate in public and international law while work-
ing as a newspaper reporter in Frankfurt, Germany,
and then worked as an economist at an international
bank in London.
(3) In 1937, Peter F. Drucker came to the
United States and published his first book, ‘‘The
End of Economic Man’’, in 1939.
(4) Peter F. Drucker’s management books
include—
(A) 
‘‘The 
Practice 
of 
Management’’
(1954);
(B) ‘‘The Effective Executive’’ (1967);
(C) ‘‘Management: Tasks, Responsibilities,
Practices’’ (1974);
(D) ‘‘Managing in Turbulent Times’’
(1980);
(E) ‘‘Innovation and Entrepreneurship’’
(1985); and
(F) others that are international best sell-
ers and have been translated into more than 20
languages.
(5) Peter F. Drucker has also written—
(A) an important analysis of economics,
politics, and society;
(B) an autobiography called Adventures of
a Bystander (1978);
(C) two novels; and
(D) several volumes of essays.
(6) Peter F. Drucker has been a frequent con-
tributor to various magazines and journals over the
years and is an editorial columnist for The Wall
Street Journal.
(7) Peter F. Drucker’s latest book, Managing
the Non-Profit Organization, was published in No-
vember 1990.
(8) Over the course of six decades, Drucker has
become the most sought-after advisor to the chief ex-
ecutive officers of major corporations.
(9) Peter F. Drucker invented the term ‘‘man-
agement by objectives’’ and helped develop objective
measures for pay and promotion.
(10) Peter F. Drucker identified the importance
of the ‘‘knowledge worker’’—the elite of the white-
collar workforce—earlier than almost anyone else.
(11) Peter F. Drucker began as a professor of
politics and philosophy at Bennington College.
(12) For more than 20 years, Peter F. Drucker
was a professor of management at the former Grad-
uate Business School of New York University.
(13) Since 1979, Peter F. Drucker has been
Marie Rankin Clarke Professor of Social Science
and Management at the Peter F. Drucker Graduate
School of Management of the Claremont Graduate
University in Claremont, California.
(14) Peter F. Drucker’s distinguished career
has helped to revolutionize management both in the-
ory and in practice.
(15) Peter F. Drucker’s ability to grasp new
ideas was crystallized in the role he played helping
General Electric’s jet engine division revolutionize
the commercial aircraft business, helping General
Electric’s jet-engine executives, ‘‘all of whom were
technically oriented, most of whom came out of the
military, understand the value system of potential
customers.’’
(16) Peter F. Drucker’s contributions to the
world of management have revolutionized the tech-
niques modern businesses are using to move ahead
as well as strengthened the foundations on which
those businesses are built.
SEC. 2. CONGRESSIONAL GOLD MEDAL.
(a) PRESENTATION AUTHORIZED.—The President is
authorized to present, on behalf of the Congress, a gold
medal of appropriate design to Peter F. Drucker, in rec-
ognition of his accomplishments as a journalist, a writer,
an economist, and a philosopher.
(b) DESIGN AND STRIKING.—For the purpose of the
presentation referred to in subsection (a), the Secretary
of the Treasury (hereinafter in this Act referred to as the
‘‘Secretary’’) shall strike a gold medal with suitable em-
blems, devices, and inscriptions, to be determined by the
Secretary.
SEC. 3. DUPLICATE MEDALS.
Under such regulations as the Secretary may pre-
scribe, the Secretary may strike and sell duplicates in
bronze of the gold medal struck under section 2 at a price
sufficient to cover the costs of the bronze medals (includ-
ing labor, materials, dies, use of machinery, and overhead
expenses) and the cost of the gold medal.
SEC. 4. NATIONAL MEDALS.
The medals struck under this Act are national medals
for purposes of chapter 51 of title 31, United States Code.
SEC. 5. FUNDING AND PROCEEDS OF SALE.
(a) AUTHORIZATION.—There is hereby authorized to
be charged against the United States Mint Public Enter-
prise Fund an amount not to exceed $30,000 to pay for
the cost of the medals authorized by this Act.
(b) PROCEEDS OF SALE.—Amounts received from the
sale of duplicate bronze medals under section 3 shall be
deposited in the United States Mint Public Enterprise
Fund.
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