Richard Jenrette
Richard H. Jenrette | |
---|---|
Born | Richard Hampton Jenrette April 5, 1929 Raleigh, North Carolina, U.S. |
Died | April 22, 2018 Charleston, South Carolina, U.S. | (aged 89)
Citizenship | United States |
Alma mater | University of North Carolina at Chapel Hill Harvard Business School |
Occupation(s) | Banker, Founder of Donaldson, Lufkin & Jenrette |
Partner | William L. Thompson |
Richard Hampton Jenrette (April 5, 1929 – April 22, 2018) was an American businessman who co-founded the investment bank Donaldson, Lufkin & Jenrette (DLJ).[1]
Early life
Jenrette was born on April 5, 1929, in
Business career
After graduating from Harvard, Jenrette worked at Brown Brothers Harriman & Co. from 1957 until 1959,[5] when he co-founded Donaldson Lufkin Jenrette ("DLJ") with William H. Donaldson and Dan Lufkin. The firm concentrated on in-depth analysis, setting a new industry standard for institutional investing.[6] Jenrette was instrumental in taking DLJ public in 1970, making it the first publicly traded investment firm in the United States.[7]
Taking the helm of DLJ in 1973, he shepherded the firm through the recession of 1980–1983, and managed the firm’s sale in 1985 to the insurance firm
In addition to his career at DLJ and Equitable, Jenrette was a member of the Harvard University Board of Overseers; a director of the Associates of the Harvard Business School; a trustee of The Duke Endowment; and chairman and founder of the Classical American Homes Preservation Trust.[2]
Restoration of historic houses
Beginning in the 1960s, Jenrette bought and restored a series of notable historic houses, such as the
At Edgewater, Jenrette built two new buildings, a garden pavilion (1997) and a poolhouse (1998), both designed by the architect
Personal life
Jenrette's longtime partner, William L. Thompson, died in 2013.[1] Jenrette died of cancer on April 22, 2018, aged 89, in Charleston, South Carolina.[14]
Awards and honors
- Member of Phi Beta Kappa
- Order of the Golden Fleece, University of North Carolina
- Hon. Doctor of Laws (University of North Carolina at Chapel Hill)
- Hon. Doctor of Laws (Hamilton College, Clinton, New York)
- Hon. Doctor of Laws (The Citadel, Charleston, South Carolina)
- Hon. Doctor of Letters (The College of Charleston, University of South Carolina)
- Harvard Business School, Alumni Achievement Award (1984)
- University of North Carolina, Distinguished Alumnus Award (1986)
- University of North Carolina, William R. Davie Award (1999)
- American Assembly, Service to Democracy Award – Dwight D. Eisenhower Medal (1993)
- Chevalier of the Legion of Honor, given by the President of France (1996)[15]
- Fellow of the American Academy of Arts and Sciences (1999)
- National Trust for Historic Preservation, Crowninshield Award (1996)
- World Monuments Fund, Hadrian Award (1998)
Written works
- Richard H. Jenrette and John S. Chalsty. Donaldson Lufkin & Jenrette collection of Americana (New York, NY: Donaldson Lufkin & Jenrette, 1989).
- Richard H. Jenrette. Jenrette, the contrarian manager (New York, NY: McGraw-Hill, 1997).
- Richard H. Jenrette (author); John M. Hall (photographer). Adventures with old houses (Charleston, SC: Wyrick & Co., 2000), ISBN 0941711463.
- Richard H. Jenrette. More adventures with old houses: the Edgewater experience (New York, NY: Classical American Homes Preservation Trust, 2009). ISBN 9780982573709.
- Richard H. Jenrette. Columns by the sea: the Roper House, Charleston, S.C. (New York, NY: Classical American Homes Preservation Trust, 2013), ISBN 9780982573716.
References
- ^ a b c Hershey Jr., Robert D. (April 23, 2018). "Richard Jenrette, 89, Wall St. Power and Preserver of Homes, Dies". The New York Times. Retrieved September 25, 2018.
- ^ a b c Brown, Patricia Leigh (December 19, 1996). "Old Houses, Just Gotta Have 'Em". The New York Times. Retrieved September 26, 2018.
- ^ Tapp, P. Gaye (April 30, 2014). "Richard Jenrette: Always traveling…home". Walter Magazine. Retrieved May 25, 2020.
- ISBN 978-0-471-23809-6. Retrieved January 5, 2015.
- ^ a b Wayne, Leslie (June 1, 1990). "Going to the Rescue of an Insurer". The New York Times. Retrieved September 26, 2018.
- ^ Bleakley, Fred R. (November 6, 1984). "photo of William Donaldson, Dan Lufkin and Richard Jenrette; DONALDSON, LUFKIN LONG A MAVERICK". The New York Times. Retrieved January 5, 2021.
- ^ Profile, HBS.edu; accessed April 22, 2018.
- ^ Eichenwald, Kurt (May 26, 1990). "Jenrette Reported to Decline Chairman's Job at Big Board". The New York Times.
- ^ "Jenrette Named Equitable Chief". The New York Times. May 18, 1990. p. 3. Retrieved September 26, 2018.
- ^ Truell, Peter (February 14, 1996). "Chairman of Equitable Retires, Prompting Change at Insurer". The New York Times. Retrieved September 26, 2018.
- ^ Classical American Homes Preservation Trust website, classicalamerican.org; accessed April 22, 2018.
- ^ Reif, Rita (April 4, 1971). "A Man And His Homes". The New York Times. Retrieved August 29, 2023.
- ISBN 9780941711463.
- ^ "Richard Jenrette, Co-Founder of DLJ Investment Bank, Dies at 89". BQ Prime.
- ^ Brozan, Nadine (September 18, 1996). "CHRONICLE". The New York Times. Retrieved September 26, 2018.
External links
- Video Interviews
- Interview
- Richard Jenrette's HBS profile
- Classical American Homes website
- New York Magazine website, http://nymag.com ; accessed April 23, 2018.