Robert R. Glauber

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Robert R. Glauber
Born(1939-03-22)March 22, 1939
1987 stock market crash
; capital market reforms

Robert Rudolf Glauber (March 22, 1939 – February 14, 2021) was an American academic who was a lecturer at Harvard's

XL Capital Ltd. Glauber had been a senior advisor at Peter J. Solomon Co., an investment bank, since November 2006 and was a member of the Committee on Capital Markets Regulation.[2] He received his degrees from Harvard College and Harvard Business School.[3]

Early life

Glauber was born on March 22, 1939, in

PhD from the Harvard Business School in 1964.[4]

Career

Glauber started his career as a member of the faculty at Harvard Business School in 1964 and continued here until he was called to Washington, D.C. as the executive director of the Task Force appointed by President Reagan to report on the 1987 stock market crash.[1] The team was chartered with a sixty-day goal of identifying the root cause of the stock market crash on October 19, 1987, an event that was called Black Monday.[4] Working with a group that included academics, computer science experts, and Wall Street experts, the task force produced a 350-page report that attributed the crash to computer-driven automated orders and trading. One of the outcomes of the recommendations was the introduction of circuit breakers that would automatically halt trading when certain volume or price targets were breached.[4]

Glauber joined the

depression-era regulations that prevented banks from diversifying into a range of adjacent financial services.[4] The proposals did not pass Congress.[4]

Glauber returned to the academic circuit back in 1992, when he came back as a lecturer at the Harvard's

Kennedy School of Government and was later a visiting professor at the Harvard Law School.[1]

He was the chairman, president, board member and

American Stock Exchange, and improving its finances towards pursuing regulatory actions, set up the TRACE bond price transparency systems, and drove new rules around conflict of interest declarations for analysts. The organization also led investor education programs to drive financial literacy amongst market participants.[7]

Glauber was on the board of directors of

XL Capital Ltd., and a trustee of the International Accounting Standards Committee Foundation. He had been a senior advisor at Peter J. Solomon Co., an investment bank, since November 2006 and was also a member of the Committee on Capital Markets Regulation.[2][8]

Personal life

Glauber met his future wife, Barbara Winter, when she was studying at Boston University. The couple married in 1978 and went on to have two children.[4] He was noted to have loved opera, including those by Giuseppe Verdi and Richard Wagner, having made multiple visits to England and Germany, stating that one could watch the same opera "infinite times".[4]

Glauber died at his home in Brookline, Massachusetts, on February 14, 2021. He was aged 81 and had been diagnosed with pancreatic cancer.[4]

References

  1. ^ a b c d "Robert R. Glauber Profile – Forbes.com". April 26, 2009. Archived from the original on April 26, 2009. Retrieved February 17, 2021.
  2. ^ a b "Top Executive Profiles – Robert R. Glauber – Portfolio.com". March 16, 2009. Archived from the original on March 16, 2009. Retrieved February 17, 2021.
  3. ^ "Harvard University – Robert Glauber" (PDF). Harvard University.
  4. ^
    ISSN 0099-9660
    . Retrieved February 17, 2021.
  5. ^ "Robert Glauber". www.hks.harvard.edu. Retrieved February 18, 2021.
  6. ^ "Statement By FINRA President And CEO Robert W. Cook Upon The Death Of Former NASD Chairman And CEO Robert Glauber". mondovisione.com. Retrieved February 17, 2021.
  7. ^ a b "FINRA Mourns Loss Of Robert Glauber". Markets Media. February 17, 2021. Retrieved February 18, 2021.
  8. ^ "Robert Glauber | Board of Directors | Northeast Bank". investor.northeastbank.com. Retrieved February 18, 2021.

External links

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