Eugene R. Black Sr.
Gene Black | |
---|---|
3rd President of the World Bank Group | |
In office July 1, 1949 – January 1, 1963 | |
Preceded by | John McCloy |
Succeeded by | George Woods |
Personal details | |
Born | Eugene Robert Black May 1, 1898 Eugene R. Black (father) |
Education | University of Georgia (BA) |
Eugene Robert Black Sr. (May 1, 1898 – February 20, 1992) was an American banker who was president of the World Bank Group from 1949 to 1962.
He was the eldest son of
Life and career
Black was born in
Upon leaving the Navy after the War, he joined the investment firm of Harris, Forbes, & Co. He worked as a traveling salesperson for the firm, selling
In 1933, he was hired by
He became the executive director of the World Bank in 1947. When the Bank's President, John J. McCloy, resigned in 1949, Black, against his will, became the President of the Bank.[1]
While not joining in the
At the time of his departure from the World Bank, he had been President for 13 of its 16 years of existence, and the force of his personality and connection with every employee led to it being known as "Black's Bank".[1]
In 1963, the United States was considering pursuing a program to create a
From 1962 to 1968, Black was chairman of the Brookings Institution.[3]
President Johnson selected Black in 1966 to be Special Adviser to the President on Southeast Asian Social and Economic Development. In this position, Black was charged with organizing and establishing the Asian Development Bank. This was a task that Black was initially quite hesitant to undertake, but Johnson would not take no for an answer. To President Johnson, the creation of the ADB was an important step in securing Asian support or at least acquiescence for the War in Vietnam.[4]
Black also served on a number of boards for corporations and foundations. The University of Georgia Foundation named a fellowship in honor of him and his achievements.
References
- ^ a b c d e f "Eugene Robert Black". Archives. The World Bank. Retrieved August 23, 2006.
- ^ "Chapter 7 – Aerospace Recession". The Space Shuttle Decision. NASA History Division. Retrieved August 23, 2006.
- ^ "Principal Officers, 1916–1985". The Brookings Institution. Archived from the original on August 14, 2006. Retrieved August 23, 2006.
- ^ "Remarks to the Press Following a Meeting With Eugene R. Black Relating to the Asian Development Bank". The American Presidency Project. Retrieved August 23, 2006.
- ^ "Our benefactors". Archived from the original on June 1, 2004. Retrieved November 13, 2011.
- ^ "Honorary degrees Awarded by Princeton University". Princeton University. Retrieved August 23, 2006.
- ^ "The Peabody Awards – George Foster Peabody Awards Board Members". Archived from the original on November 1, 2019. Retrieved May 13, 2015.
External links
- A film clip "Longines Chronoscope with Eugene Black (April 21, 1952)" is available for viewing at the Internet Archive