Brooks McCormick (February 23, 1917 – August 15, 2006) was an American philanthropist and equestrian from the McCormick family that ran International Harvester. He was the chief executive officer of International Harvester in the 1970s, and was the family's final member to lead the company that they had founded.
Brooks McCormick | |
|---|---|
| Born | February 23, 1917 |
| Died | August 15, 2006 (aged 89) |
| Occupation(s) | Businessman, Art collector |
| Spouse | |
| Children | 4 |
| Parent(s) | Chauncey McCormick Marion Deering |
Early life and education edit
Born February 23, 1917 in Chicago, Illinois, to the distinguished McCormick family, McCormick was a great-grandnephew of Cyrus McCormick, whose 19th century development of the horse-drawn reaper was the start of a large agricultural machinery business. His father, Chauncey McCormick (1884–1954), was a cousin of Chicago Tribune publisher Robert R. McCormick, and his mother, Marion Deering, was a daughter of Charles Deering. Charles' father William Deering had founded the Deering Harvester Company, which merged with the McCormicks' harvester business in 1902 to form the basis for International Harvester.[1] Chauncey and Marion Deering wed in 1914.[2][3]
Brooks McCormick attended the Groton School in Massachusetts. He graduated from Yale University in 1940 with a degree in English.[1]
Work at International Harvester edit
McCormick joined International Harvester out of Yale, working for the company from 1940 until retiring in 1980. He was groomed for executive positions his entire career, and he became president and chief operating officer in 1968. He was promoted to be chief executive officer from 1971 until January 1978.[1]
During his tenure, McCormick tried to stem financial losses at International Harvester by selling the company's Wisconsin Steel subsidiary and exiting the money-losing pickup truck manufacturing business.[4]
McCormick stepped down as the chairman of International Harvester's executive committee on October 31, 1980, ending almost 150 years of his family's active management in the company. He had no interest in nepotism, and saw little reason to be sad about the passing of the McCormicks' role in the company. "There's no room in this world for emotionalism or sentimentality," he told the Chicago Tribune at the time of his retirement.[1]
Equestrian activities edit
In the 1920s, McCormick's father Chauncey purchased a massive horse farm in what is now unincorporated Warrenville, Illinois. The property eventually was expanded to more than 600 acres (2.4 km2) and became known as St. James Farm. McCormick took possession of the property after his father's death in September 1954 and significantly expanded it, holding an annual steeplechase event on the property to raise money for charity.[1] McCormick said that his goal behind the steeplechase event was "to revive public interest in a major equestrian sport missing in this area for half a century."[5]
In 2000, McCormick sold the farm for $43 million to the Forest Preserve District of DuPage County, with the stipulation that it would take possession of the farm upon McCormick's death. A condition of a bequest related to the sale was the demolition of several structures on the property, including McCormick's own mansion, which had been designed by noted architect Jarvis Hunt.[6] It is now known as St. James Farm Forest Preserve.[7]
Philanthropy edit
A noted philanthropist and art collector, McCormick bequeathed 11 works of art to the Art Institute of Chicago upon his death in 2006, including paintings by Édouard Manet, Edgar Degas, Winslow Homer, Paul Cézanne, and John Singer Sargent.[8] McCormick had been president of the Art Institute's board from 1944 until 1954.[9] McCormick also willed his collection of rare bird books and paintings to the International Crane Foundation, which reaped more than $2.7 million from their sale after his death.[10]
Family edit
McCormick's wife, former Illinois state legislator Hope Baldwin McCormick, died in 1993.[1] McCormick had four children, two of whom died before him.[1] His eldest daughter, Martha McCormick Hunt, died in 1989 of cervical cancer at age 46, and his son Mark died in 1992 at age 47 of carbon monoxide poisoning in a suicide that was caused by depression.[11] McCormick's other two children are his daughter, Abby McCormick O'Neil (born circa 1951), and a son, Brooks McCormick, Jr. (born March 1944).[11]
McCormick was described by the Tribune's Michael Kilian in 1990 as an "intensely private person who reflexively shuns public attention."[5]
McCormick died on August 15, 2006.
Family tree edit
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References edit
- ^ a b c d e f g Trevor Jensen (August 18, 2006). "Brooks McCormick: 1917 - 2006: Harvester exec devoted to conservation". Chicago Tribune. Retrieved January 2, 2010.
- ^ Dinah Voyles Pulver (April 22, 2007). "Miami Corp. family funnels millions to charities". news-journalonline.com. Archived from the original on October 27, 2008. Retrieved January 2, 2010.
- ^ "Chauncey McCormick Weds Miss Deering, Whose Parents First Objected to Union" (PDF). The New York Times. July 7, 1914. Retrieved January 2, 2011.
- ^ William R. Haycraft (2002). "International Harvester". Yellow Steel: The Story of the Earthmoving Equipment Industry. University of Illinois Press. pp. 213–217. ISBN 978-0-252-07104-1.
- ^ a b Michael Kilian (September 9, 1990). "The thrill of the chase Steeplechase, that is, in merry olde Du Page". Chicago Tribune Sunday Magazine. p. 27. Retrieved January 2, 2011.
- ^ Goldsborough, Bob (October 19, 2007). "Preservationists can't alter fate of historic home; DuPage forest district is set to raze house". Chicago Tribune.
- ^ "St. James Farm Forest Preserve Master Plan" (PDF). February 2010. Archived from the original (PDF) on December 16, 2010. Retrieved January 2, 2011.
- ^ "The Brooks McCormick and Richard Zeisler Bequests". Exhibitions web site. The Art Institute of Chicago. Archived from the original on May 21, 2011. Retrieved January 2, 2011.
- ^ "Longtime Museum Supporters Brooks McCormick and Richard S. Zeisler Bequeath 21 Masterworks to Permanent Collection" (PDF). press release. Art Institute of Chicago. November 9, 2007. Archived from the original (PDF) on May 28, 2010. Retrieved January 2, 2011.
- ^ Auction house trip was experience – GazetteXtra
- ^ a b Hanson, Henry (October 1993). "Hope and Glory". Chicago. p. 104.