business entrepreneur and Newton native Jim A. Payne has been chosen
as the 2004 Distinguished Alumnus for The University of Southern
Mississippi's College of Business and Economic Development.
of Payne Enterprises, will be honored with a reception at 6 p.m.
on April 1, with a dinner at the Grand Casino Gulfport Hotel to
Alumnus Award was established to recognize outstanding achievement
by an alumnus of the College of Business and Economic Development
(CBED) who has distinguished himself or herself in either the public
or private sector.
his degree in business management from Southern Miss in 1964 and
an MBA from Mississippi College in 1981. In addition to managing
a variety of investments through Payne Enterprises, Payne also manages
two foundations he created. The Jimmy A. Payne Foundation is affiliated
with Southern Miss and the Jim Payne Family Foundation is dedicated
to medical research activities with emphasis on cancer research.
In 1989, Payne
became the first Southern Miss graduate to give the university a
$1 million gift. This gift, along with a similar one from his brother
Larry, provided crucial funding for construction of the Payne Center,
the university's recreational facility for faculty, staff and students.
Since then, Payne has given generously to numerous athletic, academic
and alumni funds and scholarships at Southern Miss. He also was
instrumental in the purchase of a satellite uplink truck for the
Payne served as president of the USM Foundation for three years
and now is a member of the board of directors and the investment
committee. He has served as president of the Eagle Club and was
inducted into the university's Alumni Hall of Fame in 1992.
While his own
alma mater, Southern Miss, has been a principal beneficiary of the
Payne family's generosity, Payne has also supported programs at
the University of Mississippi, Millsaps College and Jones County
Junior College. He is involved in higher education activities across
Mississippi and also serves on the board of trustees and investment
committee of Millsaps College.
career began in the Mobile area as a salesman with Proctor and Gamble,
where he worked for two years. He then moved on to Rucker Pharmacal
Co., where he was a sales representative and divisional sales manager.
In 1973, Payne
and eight other investors established UAD Laboratories, a pharmaceutical
marketing company based in Minden, La. As president, chairman of
the board and CEO, Payne moved the company and its 18 salesmen to
Jackson in 1983. UAD continued to grow and soon became the 63rd-largest
privately owned company in Mississippi and one of the top 40 largest
pharmaceutical companies in the United States.
By the time
the company was bought by Forest Laboratories of New York City in
1989, it was a multimillion-dollar corporation with a sales force
of 130 and products bearing a Mississippi label in 45 states.
alumni of the Southern Miss College of Business and Economic Development
are Harry Walker (2003), Gene Carlisle (2002) and L.D. Brinkman