Harold Stanley
Harold Stanley | |
---|---|
Philadelphia, Pennsylvania | |
Nationality | American |
Occupation | Businessman |
Known for | Morgan Stanley |
Harold Stanley (October 2, 1885 – May 14, 1963) was an American businessman and one of the founders of Morgan Stanley in 1935. For 20 years, he ran Morgan Stanley until he left the firm in 1955.
Early life
Stanley was born in Great Barrington, Massachusetts, the son of
Career
He became a vice-president of the bond department of the
In 1935, along with Henry Sturgis Morgan, J. P. Morgan's grandson and J. P. Morgan Jr.'s son, he helped found Morgan Stanley to take up the securities business that had to be given up by J. P. Morgan, and became the firm's senior partner when it was reorganized from a corporation to a partnership in 1941. Stanley was influential in his testimony in the 1940s successfully defending the industry against government charges that it was anti-competitive.
Personal life
He married Edith Thurston, daughter of William Harris Thurston, in 1914. She died in 1934, and he married Louise Todd, widow of
Activities and interests
He was a member of the Links Club of New York, the National Golf Club, the
Stanley played ice hockey at Yale University between 1906 and 1908 and later on the St. Nicholas Hockey Club in the American Amateur Hockey League.
Philanthropy
In 1940, he led the New York campaign to raise $1.5 million (equivalent to $32,622,000 in 2023) for the United States Commission for the Care of European Children, a private organization providing relief to young war refugees.[1]
References
- ^ a b c d e "Harold Stanley, 77, is Dead". The New York Times. May 15, 1963. Retrieved 12 December 2015.
- ^ "Alumni Award: PREVIOUS RECIPIENTS". The Hotchkiss School. 2004. Archived from the original on March 10, 2015. Retrieved March 8, 2015.
- Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley. HarperCollins. pp. 10, 22.