Gary Fails, founder and president of Bronx, NY-based lighting accessories manufacturer City Theatrical, has earned his Masters of Business Administration degree from the Columbia University Graduate School of Business in New York City, and was inducted into the Beta Gamma Sigma honor society for academic excellence.

Fails took a leave of absence from Columbia in 1971 and went out on the road with touring shows for 10 years, then continued working on Broadway before founding City Theatrical in 1986. "For the last 30 years, I said I would go back and finish school; this is the completion of a lifetime goal," Fails said. "I look forward to using my MBA skills to grow and improve City Theatrical and to make it a larger and more vital part of our industry."