John Adams Morgan

Last updated
John Adams Morgan
BornSeptember 17, 1930 (1930-09-17) (age 93)
Oyster Bay, New York, U.S.
Education Groton School
Alma mater Yale University
Board member of Masco
Provident Loan Society
Spouses
Elizabeth Robbins Choate
​
​
(m. 1953;div. 1957)​
Tonia Goss
​
​
(m. 1962,divorced)​
Anne Chute
​
​
(m. 1992,divorced)​
​
​
(m. 1998;div. 2006)​
Connie Morgan
​
​
(m. 2010)​
ChildrenQuincy Adams Morgan, Caroline Philipson, 2 others
Parent(s) Henry Sturgis Morgan
Catherine Lovering Adams
Relatives Morgan family
Awards Olympic Gold Medal at 1952 Olympics: 6m class

John Adams Morgan (born September 17, 1930) is an American sailor and Olympic champion and the founder and chairman of Morgan Joseph. [1] His father, Henry Sturgis Morgan, was the co-founder of Morgan Stanley and his great-grandfather was J. P. Morgan, founder of J.P. Morgan & Co. [2]

Contents

Early life

John Adams Morgan was born on September 17, 1930, in Oyster Bay on Long Island to Henry Sturgis Morgan [2] and Catherine Frances Lovering Adams. His mother was the daughter of Frances Lovering and Charles Francis Adams III, the U.S. Secretary of the Navy under President Herbert Hoover, [3] and a descendant of U.S. Presidents John Adams and his son John Quincy Adams. [4] John attended the Groton School, graduating in 1949. [5] He then attended Yale University, [6] graduating with a Bachelor of Arts in 1953. [5]

Career

Olympic career

He competed at the 1952 Summer Olympics in Helsinki, where he won a gold medal in the 6 metre class with the boat Llanoria. [7] [8]

Business career

From 1956 to 1966, he was a partner in Dominick & Dominick. [6] From 1966 to 1982, he worked at Smith Barney, serving as a senior vice president in charge of the corporate finance department, and as vice chairman of Smith Barney in charge of the firm's merger and acquisition activities, a member of the executive committee and a director of Smith Barney International Inc. [9]

In 1982, Morgan, the great-grandson of J. P. Morgan, established a retail and brokerage firm known as Morgan Lewis Githens & Ahn, Inc. [10] In 1985, it organized a leveraged buyout with the Olin Corporation, an industrial chemical concern based in Stamford, Connecticut, of Olin's Ecusta cigarette paper business. [11] In 1987, the firm assisted with the acquisition of Service America Corp. from Alleco Inc., formerly Allegheny Beverage Corporation, for $450 million in cash and securities. [12]

In 2001, the firm and Morgan's broker-dealer license, was bought by the newly established MLGA Holdings. [13] Morgan, along with Fred Joseph (1937–2009), the former president and chief executive officer of the investment bank Drexel Burnham Lambert during the 1980s, co-founded the new entity, which became known as Morgan Joseph LLC in 2002, [14] sought to create a high-yield business for mid-size companies and take advantage of investment bankers who were laid off during the technology stock bubble of 2000. [15] After the new firm was established, Morgan served as chairman of the board of directors of Morgan Lewis. [13] [16]

In December 2010, Morgan Joseph LLC merged with Tri-Artisan Partners LLC to form Morgan Joseph TriArtisan Group, Inc. [15] [10] In April 2011, Apollo Global Management invested in Morgan Joseph TriArtisan, and registered as a brokerage firm to find clients and deals for its buyout and hedge funds. [15]

Board of trustees

Since 1969, Morgan has served as a director of Upham & Co., Inc. From 1989 until January 1998, he was a director of TriMas Corporation until it was acquired by Metaldyne Corporation. He then served as a director of Metaldyne from 1984 until its recapitalization in November 2000. As of 2001, he was a director of Furnishings International Inc. and a trustee of the Provident Loan Society of New York. He is also a director of the Morgan Library & Museum. [6]

Personal life

Morgan has been married five times. In 1953, he married his first wife, Elizabeth Robbins Choate (1953–1957), the daughter of Robert Burnett Choate and the sister of Robert B. Choate Jr. [17] Before their divorce in 1957, they had John Adams Morgan Jr.

His second marriage was in 1962, to Tania Goss, an alumna of the Ethel Walker School and Vassar College who was the daughter of Natalie Holbrook and Chauncey Porter Goss (d. 1964) [18] of Middlebury, Connecticut. [5] Before their divorce, they had Chauncey Goss Morgan, [19] who was the chief financial officer of Senet Inc. [20] [21]

His third marriage was to Anne Chute in 1992. [ citation needed ]

In the late 1990s, he met his fourth wife, Sonja Tremont (b. 1963), now known as one of the stars of the Bravo television show, The Real Housewives of New York City . Morgan and Tremont were said to have met at San Pietro, an Italian restaurant in New York City on Madison Avenue where she was a hostess. [22] After running into each other again in Aspen, they had dinner together and later that night, he proposed to her. They were married a few months later in 1998. [23] Before their divorce 7 years later in 2006, they had one daughter together, [24] [23] Quincy Adams Morgan. [25]

His fifth wife is Connie H. Morgan, whom he married in 2010. [26]

Residences

Morgan owns Caritas Island, a 3.5 acre private island compound off the coast of Stamford, Connecticut with a 26-room, 14,000 square foot home originally built in 1906. [27] In 2011, Morgan listed the island for sale for $18.9 million. [28]

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References

  1. ↑ "Morgan Joseph TriArtisan". Archived from the original on March 9, 2017. Retrieved September 13, 2012.
  2. 1 2 Saxon, Wolfgang (8 February 1982). "HENRY S. MORGAN IS DEAD AT 81; MEMBER OF THE BANKING FAMILY". The New York Times . Retrieved 8 March 2017.
  3. ↑ "C.F. ADAMS IS DEAD; HEADED U. S. NAVY | Hoover Cabinet Aide, 87, Was Banker, Philanthropist and Civic Leader in Boston | NOTED AS YACHTSMAN | While at Helm of Resolute, He Defeated Shamrock IV - Won 3 Cups in Year". The New York Times . 12 June 1954. Retrieved 8 March 2017.
  4. ↑ New York Times. "J. Pierpont's Second Son Engaged: Henry Sturgis, Harvard Junior, to Wed Miss Catherine Adams of Boston, After Graduation." June 24, 1922, p. 26.
  5. 1 2 3 "Miss Tania Goss Bride Of John Adams Morgan". The New York Times . 18 February 1962. Retrieved 8 March 2017.
  6. 1 2 3 "John A. Morgan: Executive Profile & Biography - Bloomberg". Bloomberg. Bloomberg . Retrieved 8 March 2017.
  7. ↑ "1952 Summer Olympics – Helsinki, Finland – Sailing". databaseOlympics.com. Archived from the original on 2007-08-27. Retrieved May 31, 2008.
  8. ↑ Evans, Hilary; Gjerde, Arild; Heijmans, Jeroen; Mallon, Bill; et al. "John Morgan". Olympics at Sports-Reference.com. Sports Reference LLC. Archived from the original on 2015-06-21. Retrieved 2015-06-21.
  9. ↑ "Morgan Joseph | The Middle Market Investment Bank" (PDF). Morgan Joseph & Co. Inc. Archived from the original (PDF) on 6 October 2010. Retrieved 8 March 2017.
  10. 1 2 "Morgan Joseph LLC and Tri-Artisan Partners LLC Combine Forces Through Merger of Parent Companies Into Newly Formed Joint Holding Company". BusinessWire . January 3, 2011. Retrieved 8 March 2017.
  11. ↑ "Ecusta Buyout". The New York Times . 30 March 1985. Retrieved 8 March 2017.
  12. ↑ "Morgan Lewis Githens & AHN Inc. Completes Service America Acquisition with General Electric Credit Corporation Funding". PR Newswire (Press release). December 3, 1987. Retrieved 8 March 2017.
  13. 1 2 "Morgan Lewis Githens purchased by investment group". Nashville Business Journal . November 28, 2001. Retrieved 8 March 2017.
  14. ↑ Daverman, Richard (May 15, 2002). "MLGA changes name | Nashville Post". Nashville Post . Retrieved 8 March 2017.
  15. 1 2 3 Bloomberg News (April 12, 2011). "One more PE firm gets into broker-dealer biz | Drexel renunion as Leon Black's Apollo's buys into Morgan Joseph TriArtisan; fees the key". Investment News. Retrieved 8 March 2017.
  16. ↑ Whiteside, R.; Bricault, G.; Carr, S. (December 6, 2012). The International Corporate 1000: A Directory of Who Runs The World's 1000 Leading Corporations 1987 Edition. Springer Science & Business Media. ISBN   9789400932432 . Retrieved 8 March 2017.
  17. ↑ "MISS CHOATE WED TO JOHN A. MORGAN | Christ Church in Hamilton Mass., Setting for Marriage ---Seven Attend the Bride". The New York Times . 7 June 1953. Retrieved 8 March 2017.
  18. ↑ "CHAUNCEY P. GOSS, 61 SCOVILL EXECUTIVE". The New York Times . 29 October 1964. Retrieved 8 March 2017.
  19. ↑ "N. F. Gyurkey Weds Mrs. Morgan". The New York Times . 15 April 1971. Retrieved 8 March 2017.
  20. ↑ "Chauncey G. Morgan: Executive Profile & Biography - Bloomberg". Bloomberg. Bloomberg . Retrieved 8 March 2017.
  21. ↑ "Management Team – Senet". www.senetco.com. Retrieved 8 March 2017.
  22. ↑ Columbia, David Patrick; Hirsch, Jeffrey (1 August 2011). "Room to grow". New York Social Diary . Retrieved 8 March 2017.
  23. 1 2 Stadtmiller, Mandy (7 April 2011). "Let them eat cake!". New York Post . Retrieved 8 March 2017.
  24. ↑ "Who Is Sonja Morgan's Ex-Husband, Millionaire John Adams Morgan?". 2paragraphs.com. June 16, 2015. Retrieved 8 March 2017.
  25. ↑ Koerner, Allyson (13 April 2016). "Sonja Morgan's Daughter Quincy Adams Morgan Is Following In Her Mother's Fashion Footsteps". Bustle.com. Retrieved 8 March 2017.
  26. ↑ "Sonja Morgan Marriage to Ex-Husband John Adams Morgan Put on Blast on RHONY". Heavy.com. 25 April 2018. Retrieved 8 May 2018.
  27. ↑ David, Mark (15 April 2013). "UPDATE: Sonja Tremont-Morgan". Variety . Retrieved 8 March 2017.
  28. ↑ "USA: "Real Housewife" Sonja Morgan's Ex-Husband Selling Private Island in CT". Private Island News. July 21, 2011. Retrieved 8 March 2017.
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