Gerald J. Ford

Source: Wikipedia, the free encyclopedia.
Gerald J. Ford
Born1944 (age 79–80)
NationalityAmerican
EducationDoctor of Jurisprudence, Bachelor of Arts / Science[1]
Alma materSouthern Methodist University[1]
OccupationChairman & CEO
Known forGerald J. Ford Stadium

Gerald J. Ford (born 1944) is an American attorney and businessman.[1][2][3]

Biography

Early life

Gerald Ford was raised in Pampa, Texas, and attended Pampa Senior High School. He graduated from Southern Methodist University in the Dallas enclave of University Park, Texas in 1966, where he was a member of the Alpha Tau Omega fraternity.[2] He received a J.D. from the SMU School of Law in 1969.[2]

Career

He is former Chairman of the board and Chief Executive Officer of Golden State Bancorp, Inc., headquartered in San Francisco.[2] It was a holding company for the nation's second largest thrift institution and California's fourth largest bank. In 2002, he sold it to Citigroup for $6 billion. He is currently Chairman of the Board of Hilltop Holdings, a bank and insurance holding company.[2] He is also the non-executive chairman of the Boards of Directors of Freeport-McMoRan (FCX), the world's largest publicly traded extractor of copper and gold.[2]

He has also invested in First Acceptance Corporation,

AmeriCredit, Pacific Capital Bancorp and 120,000 acres (486 km2) of rangeland in New Mexico.[2]

Ford has a history of buying banks, re-organizing them, and subsequently selling them at a substantial profit, with Golden State Bancorp and then bailed-out Pacific Capital Bancorp, being most notable wins.

In a 2010 interview on entrepreneurship with Forbes, he suggested reading The Great Gatsby by F. Scott Fitzgerald, The Financier by Theodore Dreiser, The Bonfire of the Vanities by Tom Wolfe, Too Big to Fail by Andrew Ross Sorkin and The Big Short by Michael Lewis.[3]

Philanthropy

He has been a member of

Weill Cornell Medical College at Cornell University.[1] More recently, Ford played a role in SMU's impending 2024 move from the American Athletic Conference to the Atlantic Coast Conference (ACC). He was one of a group of roughly 15 boosters who committed to donating enough to the SMU athletic program to allow the school to forego any ACC media revenue for its first nine years as an ACC member.[5]

Personal life

He is married and has six children.[1] His wife, Kelli, is an interior designer.[1] They live in Dallas, and have homes in Manhattan, New York City and The Hamptons, a working ranch in New Mexico, and a thoroughbred farm in Kentucky.[1] In 2012, they sold their Beverly Hills, California property to Byron Allen.[1] As of September 2022, he is worth an estimated US $2.3 billion.[1]

References

  1. ^ a b c d e f g h i j Forbes
  2. ^ a b c d e f g h Bloomberg BusinessWeek[dead link]
  3. ^ a b Ten Questions For Gerald J. Ford, Forbes, 11.11.10
  4. ^ "Former Regents » The Texas A&M University System". Tamus.edu. 1983-03-03. Retrieved 2012-02-28.
  5. ^ Dellenger, Ross (September 7, 2023). "Inside SMU's pursuit of the Power Five — 'It's a couple hundred million dollars. I'm not losing sleep over it.'". Yahoo Sports. Retrieved September 8, 2023.