Dr. Donald S. Shannon
Shannon, Dr. Donald S. esteemed professor of Accountancy at DePaul University for over 25 years, died at Northwestern Hospital on Wednesday, November 19, 2008, in Chicago, Illinois, after a long battle with Non-Hodgkin's Lymphoma. He was born on December 28, 1935, in Tacoma Park, Maryland. He spent his youth both in the U.S. and abroad living in Brazil, Florida, Turkey and West Virginia. He graduated from Greenbrier Military Academy, Lewisburg, WV; and went on to receive his B.A. in Accountancy from Duke University in 1957; his M.B.A. in Accountancy from the University of Chicago in 1964; and his Ph.D. in Finance from University of North Carolina, Chapel Hill, in 1972. Donald Shannon worked as a CPA for Price Waterhouse in New York and Chicago. After completing his doctorate, he was a professor of Finance at the University of Kentucky. Here, he participated in the initial design of the doctoral program in Finance. He began his career at DePaul University in 1981. He received numerous awards and recognition for his work'. Dr. Shannon served four years as the founding president of the Business Valuation Association of Chicago. He was at the cutting edge of blending the disciplines of Accounting and Finance in the courses and programs he developed, particularly in regards to valuation. He loved helping students and was the faculty advisor for the National Association of Black Accountants for a number of years. Dr. Shannon also had an artistic side. He both painted and drew and was very interested in woodworking. He loved the desert and kept a second home in Tucson, AZ. He was also a board member of A Red Orchid Theatre where his son Michael was a founding ensemble member. He is survived by his wife, Ellen Shannon; his children Stacey Shannon, Gail Shannon, and Michael Shannon; his granddaughter, Sylvia Grace Arrington Shannon, and his mother, Elnora Hundley; and many other people who love him. He is the son of the late Raymond Corbett Shannon, who was a leading Entomologist for the Rockefeller Foundation. The memorial service will be a private celebration of his life. In lieu of flowers, the family has set up a Donald Shannon Memorial scholarship fund for the School of Accountancy at DePaul University to continue to support his passion and love for education and teaching. Donations should be sent to DePaul University, Attention Denny Moller; 1 East Jackson; Chicago, IL, 60604. Information: Heritage Cremations LTD. 800-936-1414
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Published by Chicago Sun-Times on Nov. 24, 2008.
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9 Entries
Don was my teacher at the U of Kentucky, a warmer person (with longer vowels :-)) I never met!
PV Viswanath
PV Viswanath
April 29, 2020
As a fellow parent of a founding Red Orchid Theatre ensemble member, I know that Dr. Shannon's support and contributions were always appreciated. His supportive interest will be missed.
Cynthia VanSwearingen
November 26, 2008
My condolences to the family.
Jere Sullivan
November 25, 2008
I remember Don from when we first came here for grad school. Used to run into him at alfalfas some days when I went there. He never forgot who I was. I remember Stonewall too. Jerry and he went to DePaul around the same time I think. I know u were one of his mentors Don.
Lea Perritt
November 24, 2008
Ellen and the Shannon Family:

A good man has gone to his rest. There is no doubt that Don had a profound impact on the academic environment of many students and those aspiring to the world of accounting and finance.

May he rest in eternal peace.
Jack & Gigi Capuzelo
November 24, 2008
Don, I will always remember you as a great teacher, scholar, colleague, and especially, friend. It was over 39 years ago the we first met as newly minted PhDs and began this long friendship. Your dedication to teaching and leaning was exempliary -- hundreds of students profited tremendously from your instruction and guidance. My heart goes out to Ellen, Stacey, Gail and Michael for their loss.
Keith Johnson
November 24, 2008
Don was always absorbed in his world of finance and politics-ready for a good conversation; but most importantly Don was a kind, inclusive person always ready to listen. He had that Southern charm.
Gail Fitzpatrick
November 24, 2008
My condolences to the Shannon family! Capt. Bud Ehrhardt
Bud Ehrhardt
November 24, 2008
Stacy and Gail,

I am sorry about your Dad's passing. When I lived at 779 Cindy Blair Way, he and I were writing dissertations at the same time.
You moved to Mt. sterling, and I lost contact with you and your Mother Ginger. I still have good memories about seeing you play on the equipment in your back yard.

Bless you as you adjust to the loss of your Dad.
Wanda Crain Vice
November 24, 2008
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