Gordon Macklin
Gordon S. Macklin (1928 - January 30, 2007) was an
WorldCom
from 1998 to its collapse in 2002.
Macklin was born in
National Association of Securities Dealers (NASD) in 1970, remaining in office until 1987. He was chairman of the National Clearing Corp
from 1970 to 1975, and president of NASDAQ, the world's first electronic stock market, from 1975 to 1987.
He became chairman of
investment bank Hambrecht & Quist, based in Boston, in 1987, and then chaired the venture capital firm White River Corporation from 1992 until it was sold to Harvard Private Group
in 1998.
He then joined the board of
accountancy fraud which led to the company's bankruptcy
in 2002, costing investors and employees billions of dollars. In 2001, the board discussed accountancy concerns five times, but their compensation and share options eleven times. In 2005, he joined nine former WorldCom directors in paying back $18 million as compensation for investor losses, thought to be less than 20% of the personal net assets of the 10 directors.
He joined the board of online retailer
Alexis de Tocqueville Institute
.
Macklin was predeceased by his wife, Marilyn and survived by two sons and two daughters. His nephew, Donald Dawn, currently manages his foundation, the Gordon and Marilyn Macklin Foundation. He died following a stroke, aged 78.
References
- Obituary, The Times, February 2, 2007
- Obituary, The New York Times, February 1, 2007
- Obituary, International Herald-Tribune, February 2, 2007
- Obituary, Honorary Unsubscribe , January 28, 2007