John M. Hennessy

Last updated

John M. (Jack) Hennessy is an American financier and philanthropist. The son of John F. Hennessy and Octavia Tanksley, he was born on May 5, 1936 in Boston, Massachusetts.

Contents

He was educated at the Roxbury Latin School, Harvard University (where he graduated magna cum laude), and the MIT Sloan School of Management. [1] He and his wife, Margarita, divide their time among Nassau, Bahamas, London, England, where their daughter and son-in-law live, and Tuxedo Park, New York, where their son, daughter-in-law, and three grandchildren live.

Career

Citibank

After college in 1958, Hennessy joined The First National Citibank, working in New York and South America. He eventually became the head of the bank's West Coast of S.A. operations centered in Lima, Peru at the age of 28. [1] [2]

The U.S. Treasury

After returning to school at MIT for two years, in September 1970, Hennessy joined the United States Department of the Treasury as Deputy Assistant Security, responsible for International Economic Development. [3] On May 2, 1972, he was sworn in as Assistant Secretary for International Affairs, a Presidential appointment requiring the consent and approval of the United States Senate. [1]

The First Boston Corp, Credit Suisse First Boston (CSFB), Credit Suisse

In July 1974, Hennessy left the United States Department of the Treasury U.S. Treasury to join First Boston, one of wall street's leading investment banking firms at the time. He spent the rest of his career in the firm, which subsequently was acquired by Credit Suisse. In 1982, he became Chairman and CEO of the joint venture CSFB, Ltd., London. In 1989, he became Chairman of Executive Committee and CEO of the merged global bank, Credit Suisse First Boston. he retired from the Bank to dedicate himself to philanthropic and not-for-profit activities, concentrating on education and programs in developing nations. [4] [5]

Other

Awards and Distinctions

Philanthropy

Related Research Articles

<span class="mw-page-title-main">Massachusetts Institute of Technology</span> US private university in Cambridge, MA (founded 1861)

The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has since played a key role in the development of modern technology and science, ranking among the top academic institutions in the world.

<span class="mw-page-title-main">MIT Sloan School of Management</span> Business school of the Massachusetts Institute of Technology

The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world. MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school, including the Black–Scholes model, the Solow–Swan model, the random walk hypothesis, the binomial options pricing model, and the field of system dynamics. The faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners.

<span class="mw-page-title-main">Norman R. Augustine</span> American aerospace businessman

Norman (Norm) Ralph Augustine is a U.S. aerospace businessman who served as United States Under Secretary of the Army from 1975 to 1977. Augustine served as chairman and CEO of the Lockheed Martin Corporation. He was chairman of the Review of United States Human Space Flight Plans Committee.

William Beverly Murphy was an American food businessman. He was the president and CEO of Campbell Soup Company between 1953 and 1972. From 1942 to 1945 he was on leave from Campbell's Soup to the War Production Board. Prior to joining Campbell's Soup he was at the A.C. Nielsen Company (1928–1938) where he is credited with conceiving the idea for the Nielsen Food Index and Nielsen Drug Index Services. Murphy was also a life member emeritus of the MIT Corporation.

<span class="mw-page-title-main">John Porter (Illinois politician)</span> American politician (1935–2022)

John Edward Porter was an American lawyer and politician who served as U.S. Representative for Illinois's 10th congressional district from 1980 to 2001.

John Shepard Reed is the former chairman of the New York Stock Exchange. He previously served as chairman and CEO of Citicorp, Citibank, and post-merger, Citigroup. He is the past chairman of the Massachusetts Institute of Technology's board of trustees.

<span class="mw-page-title-main">John Brademas</span> American politician

Stephen John Brademas Jr. was an American politician and educator originally from Indiana. He served as Majority Whip of the United States House of Representatives for the Democratic Party from 1977 to 1981 at the conclusion of a twenty-year career as a member of the United States House of Representatives. In addition to his major legislative accomplishments, including much federal legislation pertaining to schools, arts, and the humanities, he served as the 13th president of New York University from 1981 to 1992, and was a member of and subsequently the chairman of the board of the Federal Reserve Bank of New York. In addition he was a board member of the New York Stock Exchange and the Rockefeller Foundation.

<span class="mw-page-title-main">Marina von Neumann Whitman</span> American economist

Marina von Neumann Whitman is an American economist, writer and former automobile executive. She is a professor of business administration and public policy at the University of Michigan's Ross School of Business as well as The Gerald R. Ford School of Public Policy.

<span class="mw-page-title-main">Elliot Schrage</span> American lawyer and business executive

Elliot J. Schrage is an American lawyer and business executive. Until June 2018, he was vice president of global communications, marketing, and public policy at Facebook, where he directed the company's government affairs and public relations efforts.

<span class="mw-page-title-main">Clifton R. Wharton Jr.</span>

Clifton Reginald Wharton Jr. is an American university president, corporate executive and former United States Deputy Secretary of State. In his multiple careers, he has been an African American pioneer.

The Appraisal Foundation (TAF) is the United States organization responsible for setting standards for the real estate valuation profession. The organization sets the congressionally authorized standards and qualifications for real estate appraisers, and provides voluntary guidance on recognized valuation methods and techniques for all valuation professionals. The aim is to ensure appraisals are impartial, objective and independent, are conducted without bias and are performed in an ethical and competent manner.

<span class="mw-page-title-main">Henrietta H. Fore</span> American government official

Henrietta Holsman Fore is an American public health and international development executive who served as the 7th executive director of UNICEF till January 2022. Fore currently serves as chairman of the board and chief executive officer of Holsman International, a manufacturing and investment company. She served in three presidential appointments under President George W. Bush: Fore was the first woman Administrator of the United States Agency for International Development (USAID) and Director of U.S. Foreign Assistance, the 11th Under Secretary of Management in the Department of State, and the 37th Director of the United States Mint in the U.S. Department of Treasury. She was the presidential appointee for President George H. W. Bush at the United States Agency for International Development.

<span class="mw-page-title-main">Dana G. Mead</span>

Dana George Mead was an American businessman and corporate director. Mead was chairman emeritus of the Massachusetts Institute of Technology Foundation's board of trustees, where he served as chairman from 2003 through 2010.

The Stanton Foundation is a private foundation established by Frank Stanton, a long-time president of Columbia Broadcasting System ("CBS"). The Foundation focuses primarily on three areas in which Stanton was unable to complete his philanthropic plans within his lifetime: (1) supporting the First Amendment and creating a more informed citizenry, particularly in regard to civic issues, (2) supporting policy research in international security, with special emphasis on nuclear security and (3) advancing canine welfare. The Stanton Foundation is primarily a "no unsolicited proposals" foundation, although it operates several open application programs as detailed on its website.

<span class="mw-page-title-main">Charles B. Curtis</span> American lawyer

Charles B. Curtis is an American lawyer, currently senior advisor (nonresident) to the Center for Strategic and International Studies, vice chair of the United States Department of State's International Security Advisory Board, 2011 through 2017, former member of the National Academies Intelligence Science and Technology Experts Group, and President Emeritus of the Nuclear Threat Initiative (NTI), a non-profit organization working to reduce the threats from nuclear, biological and chemical weapons. In addition to working in private practice for more than sixteen years, Curtis served as the last chairman of the Federal Power Commission and the first chairman of the Federal Energy Regulatory Commission from 1977 to 1981. In 1994 he was appointed and confirmed as undersecretary and then deputy secretary of the US Department of Energy. He has held positions on the staff of the U.S. House of Representatives, the U.S. Treasury Department, and the Securities and Exchange Commission.

Fariborz Maseeh is an Iranian-born Iranian-American engineer who works in the field of micro-electro mechanical systems (MEMS). He founded IntelliSense in 1991 and sold it in 2000. He is the founder and managing principal of Surlamer LLC, an investment management firm managing investments in private companies, a diversified portfolio of commercial and residential real estate, and several proprietary traded hedge funds. He is the founder of Kids Institute for Development and Advancement (KiDA), an Irvine, California, treatment clinic and education facility for autistic children. He is the founder of Orbitron LP, a global macro long-short hedge fund. He is the founder and president of The Massiah Foundation, a charitable organization..

<span class="mw-page-title-main">Kennedy Scholarship</span>

Kennedy Scholarships provide full funding for up to ten British post-graduate students to study at either Harvard University or the Massachusetts Institute of Technology (MIT). Susan Hockfield, the sixteenth president of MIT, described the scholarship program as a way to "offer exceptional students unique opportunities to broaden their intellectual and personal horizons, in ways that are more important than ever in an era defined by global interaction.". In 2007, 163 applications were received, of which 10 were ultimately selected, for an acceptance rate of 6.1%.

<span class="mw-page-title-main">Mo Cowan</span> 29th United States Senator from Massachusetts (Class 2)

William Maurice Cowan is an American lawyer who served as a United States Senator from Massachusetts from February 1, 2013, to July 16, 2013. A member of the Democratic Party, he previously served as legal counsel and chief of staff to Governor Deval Patrick. Patrick appointed him on an interim basis to fill the vacancy left by fellow Democrat John Kerry, who resigned to become U.S. Secretary of State.

Curtis S. Chin is a public figure, speaker, author and policy specialist. He has served in leadership and operational positions in the private, not-for-profit and public sectors in the Asia-Pacific region and the United States – including as the 15th United States Ambassador to and member of the Board of Directors of the Asian Development Bank under both Presidents George W. Bush and Barack Obama. He also served as a trustee of World Education Services and is the inaugural Asia Fellow of the Milken Institute.

Willard R. Johnson is an American political scientist and African studies expert. He is a professor emeritus of political science at the Massachusetts Institute of Technology. Johnson studies the development of political institutions and international relations, with a particular focus on Cameroon and other African countries. He was also an activist on issues relating to African politics, for example United States Government disinvestment from South Africa during Apartheid.

References

  1. 1 2 3 Africa, United States Congress House Committee on Foreign Affairs Subcommittee on (1973). Implications for U.S. International Legal Obligations of the Presence of the Rhodesian Information Office in the United States: Hearings Before the Subcommittee on Africa of the Committee on Foreign Affairs, House of Representatives, Ninety-third Congress, First Session. U.S. Government Printing Office.
  2. Corporations, United States Congress Senate Committee on Foreign Relations Subcommittee on Multinational (1973). Multinational Corporations and United States Foreign Policy: Hearings Before the Subcommittee on Multinational Corporations of the Committee on Foreign Relations, United States Senate ... on Multinational Petroleum Companies and Foreign Policy ... U.S. Government Printing Office.
  3. Treasury, United States Dept of the (1971). Report of the Secretary of the Treasury on the State of the Finances.
  4. Wilson, A. (2014-11-14). Major Companies of the USA 1988/89. Springer. ISBN   978-94-009-1297-7.
  5. Grassroots Development: Journal of the Inter-American Foundation. Inter-American Foundation. 1982.