TROY—Troy University honored economist and former vice chairman of the Federal Reserve System’s Board of Governors Manuel H. “Manley” Johnson with the University’s 11th Distinguished Leadership Award.
Chancellor Jack Hawkins, Jr., presented Dr. Johnson with the award Saturday night at the annual Alumni Reunion Dinner, which is part of the annual spring reunion. The award was created to recognize the achievements of TROY alumni and friends who have distinguished themselves through exemplary work, philanthropy, leadership and service to their profession, community and alma mater.
“The success of our alumni speaks volumes about our University,” Chancellor Hawkins said. “By any measure Manley Johnson is a successful alumnus—devoted family man, a successful businessman, and a patriot who answered his nation’s call.”
Others on the program paying tribute to Dr. Johnson were his long-time friend Al Head, Executive Director of the Alabama State Council on the Arts; Mrs. Jo Harvell, Dr. Johnson’s sister; Charles Nailen, a Troy University trustee and chairman of the University’s Foundation Board, and James Flowers of the City of Troy, representing Mayor Jimmy Lunsford.
Dr. Johnson, a Troy native and a member of the Troy University class of 1973, said he was grateful to receive the award.
“I appreciate what Troy University has done for me,” Dr. Johnson said. “I am proud of the education I received at this University. When I went to graduate school I found it challenging but not intimidating, thanks to the preparation I received here. I have always felt a loyalty to this institution.”
Dr. Johnson served as vice chairman of the Federal Reserve System’s Board of Governors from 1986-1990. He previously served as assistant secretary and deputy assistant secretary of the U.S. Treasury where he was instrumental in designing the Tax Reform Act of 1986, which represents the most comprehensive change in U.S. tax law in the nation’s history. His performance earned him the Treasury Department’s Alexander Hamilton Award.
Dr. Johnson served with U.S. Army Rangers and Special Forces units from 1968 to 1971. Following his graduation from TROY, he earned his master’s (1974) and doctoral degrees (1977) in economics from Florida State University. From 1977 to 1994, Dr. Johnson served as a professor of economics at George Mason University where he held the Koch Chair in International Economics.