Robert M. Fomon
Robert M. Fomon | |
|---|---|
| Born | January 3, 1925 |
| Spouses |
|
| Children | 2 |
| Awards | USC Alumni Award for Business Excellence |
Robert Michael Fomon (January 3, 1925 – May 31, 2000) was an American financier who was
E. F. Hutton & Co. from 1970 to 1987, a governor of the New York Stock Exchange, and Chairman of the Board of Governors of the Pacific Stock Exchange.[1]
Born in
E. F. Hutton & Co.
Personal life
Robert Fomon was first married in 1954 to Marilyn Quaintance with whom he had two children. Divorced, he married for a second time in 1975 to Sharon Kay Ritchie, Miss America of 1956.[2] That marriage too ended in divorce and in 1989 he married Daphne Lewis Ashley Widener, the ex-wife of Widener family member, Peter A. B. Widener III.[3]
While living in California in the 1960s, Robert Fomon became involved in the sport of
Head of E. F. Hutton & Co.
Fomon joined E. F. Hutton in 1951, eventually rising to head of
brokerage houses and the two should operate as independent entities.[6]
Business scandal and resignation
In 1984 the
Board of Directors
forced Robert Fomon to step down as head of the company.
E. F. Hutton & Co. never recovered from the damage the scandal caused and in 1988 it was acquired by
Shearson Lehman Brothers
.
Robert Fomon died following a
heart attack at a Palm Beach, Florida
, hospital on May 31, 2000, at age seventy-five.
References
- ^ http://www.encyclopedia.com/doc/1P2-530741.html [dead link]
- ^ "Sharon Kay Ritchie is Wed to Robert M. Fomon". The New York Times. 16 February 1975.
- ^ http://nl.newsbank.com/nl-search/we/Archives?p_product=MH&s_site=miami&p_multi=MH&p_theme=realcities&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EB338867A570E9B&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM [bare URL]
- ^ "Inclusive Horse Pedigree".
- ^ Cuff, Daniel F.; Sterngold, James (6 May 1987). "BUSINESS PEOPLE; Hutton's Chairman Expected to Resign". The New York Times.
- ^ Robards, Terry (3 March 1971). "Money Manager‐Broker Divorce Urged". The New York Times.