Five business leaders were honored for their contributions to the global economy when they were inducted into Arizona State University's W. P. Carey School of Business Alumni Hall of Fame. The inductees included Midland Equipment Finance President Frederick Van Etten (B.S. Business Administration '77).

"(Van Etten) boasts a remarkable 40-year career in the equipment finance industry. As the President of Midland Equipment Finance, a division of Midland States Bank, he has been instrumental in financing billions of dollars of equipment for commercial and industrial users, contributing significantly to the growth of the U.S. gross domestic product. His leadership and expertise have earned him recognition from the Equipment Leasing and Finance Association. In the past, Van Etten lobbied members of Congress on matters involving the Equipment Finance Industry. Throughout his career, he has founded and co-founded four successful companies, taking one public in an initial public offering in 1997 before selling it to American Express in 2001. He was honored in the Sun Devil 100 Class of 2022 by the ASU Alumni Association."