William H. Donaldson Explained

William H. Donaldson
Image Name:William Henry Donaldson.jpg
Order:27th
Chairman of the United States Securities and Exchange Commission
President:George W. Bush
Term Start:February 18, 2003
Term End:June 30, 2005
Predecessor:Harvey Pitt
Successor:Christopher Cox
Order1:2nd
Title1:Under Secretary of State for International Security Affairs
President1:Richard Nixon
Term Start1:November 26, 1973
Term End1:May 10, 1974
Predecessor1:Curtis W. Tarr
Successor1:Carlyle E. Maw
Birth Date:2 June 1931
Birth Place:Buffalo, New York, U.S.
Death Place:Waccabuc, New York, U.S.
Occupation:SEC chairman
Party:Republican
Spouse:Jane Phillips Donaldson
Children:3
Alma Mater:Yale University (BA)

William Henry Donaldson (June 2, 1931 – June 12, 2024) was an American businessman who was the 27th Chairman of the U.S. Securities and Exchange Commission (SEC), serving from February 2003 to June 2005. He served as Under Secretary of State for International Security Affairs in the Nixon Administration, as a special adviser to Vice President Nelson Rockefeller, chairman and CEO of the New York Stock Exchange, and chairman, President and CEO of Aetna.[1] Donaldson founded Donaldson, Lufkin & Jenrette.[2]

Early life and education

Donaldson attended both Yale University (B.A. 1953) and Harvard University (M.B.A. 1958). While he was a senior at Yale, he joined its Skull and Bones secret society.[3] [4]

He served in the United States Marine Corps as a first lieutenant in Japan and Korea (1953–55), as a rifle platoon commander and later as aide-de-camp to the Commanding General of the 1st Provisional Marine Air Ground Task Force.[5] [6] [7] [8]

Career

Donaldson began his career at G. H. Walker & Co., a banking and brokerage firm.[9]

Donaldson returned to Yale and founded the Yale School of Management, where he served as dean and professor of management studies.[10] [11] According to Lee Tom Perry, a former Brigham Young University professor of strategy and organizational behavior, Donaldson had a vision of Yale's management program forming students who could easily and seamlessly flow between public and private management roles.[12] His grand visions of balanced approaches were shattered when the first graduating class almost all took positions in business, almost none taking jobs with government.[12] The main building of the school continues to display a life-size portrait of him and the premier leadership award at Yale School of Management is called "Donaldson Fellows".[10]

Donaldson was Chairman of the Carnegie Endowment for International Peace from 1999 to 2003.[13]

Donaldson was a chartered financial analyst (CFA) charterholder and received a number of honorary degrees.

He was on the board of IEX.

Personal life and death

Donaldson was the father of three children and was married to Jane Phillips Donaldson.[14] He died on June 12, 2024, at the age of 93.[15]

External links

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Notes and References

  1. News: Aetna chief: Aetna Inc. named William Donaldson chairman . . February 25, 2000 . 2015-01-24 . 2015-05-15 . https://web.archive.org/web/20150515235116/http://articles.chicagotribune.com/2000-02-25/news/0002260178_1_richard-huber-aetna-william-donaldson . live .
  2. Book: Linder, Karen . 2012 . The Women of Berkshire Hathaway: Lessons from Warren Buffett's Female CEOs and Directors . . 9781118227411 . January 25, 2015.
  3. Book: Secrets of the Tomb: Skull and Bones, the Ivy League, and the Hidden Paths of Power . Robbins, Alexandra . Robbins, Alexandra . . Boston . 2002 . 0-316-72091-7 . 166, 173 . registration .
  4. http://www.cbsnews.com/stories/2003/10/02/60minutes/main576332.shtml "Skull And Bones: Secret Yale Society Includes America's Power Elite"
  5. Web site: Official biography at SEC website. . 2017-09-18 . 2017-09-17 . https://web.archive.org/web/20170917032624/https://www.sec.gov/about/commissioner/donaldson.htm . live .
  6. Web site: FDIC: Systemic Resolution Advisory Committee Member Biographies . 2024-06-15 . www.fdic.gov . en-US.
  7. Web site: William Donaldson CFA Institute Systemic Risk Council . 2024-06-15 . www.systemicriskcouncil.org . 2024-03-05 . https://web.archive.org/web/20240305030919/https://www.systemicriskcouncil.org/members/william-donaldson/ . live .
  8. Web site: Bill Donaldson, Wall Streeter WeSalute . 2024-06-15 . www.wesalute.com.
  9. http://articles.sfgate.com/2002-12-11/news/17573803_1_wall-street-william-donaldson-securities-industry Wall Street figure tapped to head SEC
  10. Web site: Remembering Founding Dean William H. Donaldson, 1931-2024 . 2024-06-15 . som.yale.edu . en . 2024-06-14 . https://web.archive.org/web/20240614235226/https://som.yale.edu/story/2024/remembering-founding-dean-william-h-donaldson-1931-2024 . live .
  11. Web site: William H. Donaldson . 2024-06-15 . The White House . en.
  12. https://speeches.byu.edu/talks/lee-tom-perry_private-service/ "Private Service" address
  13. Web site: Donaldson, William H.. 2020-04-16. 2020-09-22. https://web.archive.org/web/20200922161804/https://modernhistoryproject.org/mhp?Entity=DonaldsonWH. live.
  14. News: Bill Donaldson . . January 26, 2015 . August 18, 2015 . https://web.archive.org/web/20150818221426/http://www.nndb.com/people/041/000031945/ . live .
  15. News: Ex-US SEC head William Donaldson dies at 93 . 14 June 2024 . Reuters . 14 June 2024.