Ernst & Young has named American Century founder James E. Stowers, Jr., as one of its entrepreneurs of the year for 2005. The Big Four firm presented Stowers with the award at a gala in Palm Springs last week.

Stowers, now 81, won the Financial Services Category of the E&Y Entrepreneur Award for the work he did over a kitchen table 47 years ago to found the Kansas City-based fund shop. American Century now manages more than $100 billion for clients.

"I was impressed. It was quite an occasion,” Stowers told a reporter for The Kansas City Star last weekend.

Separately, William and Mary College said this week that it would honor Legg Mason Chairman and CEO Raymond A. "Chip" Mason by naming its business school the Mason School of Business.

Chip Mason is a William and Mary alumnus and has been a donor to the college and is funding a building that is scheduled to open in 2009, although Hampton Roads DailyPress.com (which broke the news) did not talk numbers. 

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