William Goolsby grew up on various tenant farms in rural Mississippi. He graduated from high school and then, after a stint in the Air Force, he was able to obtain a degree in mathematics from the University of Southern Mississippi. He returned to the Air Force where he became a nuclear bombardier in B-52 aircraft. In order to avoid bombing missions in Viet Nam, he resigned from the Air Force and returned to college where he earned a Ph.D. in economics from the University of Wisconsin-Milwaukee. He was then hired by the Department of Finance at the University of Tennessee to assist in developing their new Ph.D. in Finance. After 17 years at UT and his retirement as a Lieutenant Colonel in the Tennessee Air National Guard, he left for Washington State University where he served as the Chair of the Department of Finance and the Victor L. Lyon/CCIM Distinguished Professor of Finance and Real Estate. Seven years later, in 1996, he moved to Little Rock to become the George W. Donaghey Dean of the College of Business. In this position, he led the capital funds campaign for the College of Business to build the new Donald W. Reynolds Business Building. This campaign, anchored by a 13.3 million dollar grant from the Reynolds Foundation, set new fund raising records for UALR and produced a new 18 million dollar facility for the college and capital endowments of about 4 million dollars to maintain the facility and endow faculty positions. Dean Goolsby also initiated the first Executive MBA and the first Distance Learning MBA programs in the state before his retirement in 2007. He is now privately engaged in real estate investment and management. He also serves on the library board because he considers the library to be the absolutely essential heart of the University.