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The Wharton School of Business will now offer a doctoral fellowship in business ethics, Wharton officials announced Friday.

The fellowship, officially titled the Lewis Platt Doctoral Fellowship in Business Ethics, is intended to fund students in Wharton's Ph.D. Program in Legal Studies and Business Ethics by offering them financial support for tuition and research costs.

It was created in memory of 1966 Wharton alumnus Lewis Platt, former CEO of the Hewlett-Packard Company and chairman of the Boeing Company.

"The fellowship is a truly fitting way to honor the personal and professional integrity of one of the world's greatest business leaders," Wharton Dean Patrick Harker said yesterday in a press statement.

"Lew was a highly regarded and much admired proponent of the highest standard of ethical behavior in the corporate arena," he said.

Platt, survived by his wife, Joan, was a pivotal figure in the creation of the School's Wharton West campus in 2001 and was chairman of its advisory board.

Created in 2003, the Legal Studies and Business Ethics program is the first of its kind, focusing on the ethical and legal components of managerial conduct.

It is led by Legal Studies and Business Ethics professor Tom Donaldson.

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