Jack R. Crosby, BBA ’49, was named a 2009 Distinguished Alumnus by the Texas Exes. The Distinguished Alumnus Award is the highest alumni award of the university. He was honored with five other recipients at a ceremony in Austin on Oct. 9 and at halftime of the Oct. 10 Longhorn football game versus the University of Colorado (at left).
Crosby is the founder and chairman of The Rust Group, a private investment partnership in Austin. With the architectural help of the late O’Neil Ford, Rust Properties restored the Norwood Tower—the first totally air-conditioned building in the country—and the Colorado Building and built One American Center in Austin.
In 1955 he started one of the first cable television companies in the country. He also built the first cable system in Mexico and Switzerland and was one of the first to be inducted into the “Pioneers of Cable Television” and the “Cable TV Hall of Fame.”
A former chairman of The Sundance Institute, an organization founded by Robert Redford that supports independent film, production, music and dance, Crosby also served as director of Imagine Films Entertainment and served as its interim acting CEO.