Richard Hampton Jenrette (April 5, 1929 – April 22, 2018) was an American businessman who was one of the founders of Donaldson, Lufkin & Jenrette (DLJ).
|Richard H. Jenrette|
Richard Hampton Jenrette|
April 5, 1929
Raleigh, North Carolina, U.S.
April 22, 2018 (aged 89)|
Charleston, South Carolina, U.S.
University of North Carolina at Chapel Hill|
Harvard Business School
|Occupation||Banker, Founder of Donaldson, Lufkin & Jenrette|
Education and business careerEdit
In 1959, he founded Donaldson Lufkin Jenrette (DLJ) with William H. Donaldson, who subsequently became chairman of the U.S. Securities and Exchange Commission, and Dan Lufkin. Under Jenrette's direction, the firm concentrated on in-depth analysis, creating a new industry standard for institutional investing. Jenrette was also instrumental in taking DLJ public in 1970, making it the first publicly traded investment firm in the United States.
Taking the helm of DLJ in 1973, he successfully shepherded the firm through a recession and a later sale to worldwide insurance leader, The Equitable, where he served as Chairman and CEO from 1990-96.
Jenrette died of cancer on April 22, 2018, aged 89, in Charleston, South Carolina. According to the website of his foundation, the Classical American Homes Preservation Trust, he left a paper in his desk listing his 24 rules of life for success.
Restoration of historic housesEdit
Beginning in the 1960s, Jenrette bought and restored a series of significant historic American houses, including Robert William Roper House in Charleston, SC; Millford Plantation in South Carolina; Ayr Mount in North Carolina; Estate Cane Garden on St. Croix; the George F. Baker House in New York City; and Edgewater, in Barrytown, New York.
Scholastic and other honorsEdit
- University of North Carolina at Chapel Hill, A.B., 1951
- Harvard Business School, MBA, 1957
- Phi Beta Kappa
- Order of the Golden Fleece, University of North Carolina
- Hon. Doctor of Laws (University of North Carolina at Chapel Hill)
- Hon. Doctor of Laws (Hamilton College, Clinton, NY)
- Hon. Doctor of Laws (The Citadel, Charleston, SC)
- Hon. Doctor of Letters (The College of Charleston, University of SC)
- Harvard Business School Alumni Achievement Award (1984)
- University of North Carolina Distinguished Alumnus Award (1986)
- University of North Carolina William R. Davie Award (1999)
- American Assembly Service to Democracy Award-Dwight D. Eisenhower Medal (1993)
- Chevalier of the Legion of Honor by the President of France (1996)
- Fellow of the American Academy of Arts and Sciences (1999)
- National Trust for Historic Preservation Crowninshield Award (1996)
- World Monuments Fund Hadrian Award (1998)
- Alpha Sigma of Chi Psi Fraternity President
- New England Life Insurance Co., 1951–1953
- Brown Brothers Harriman & Co., 1957–1959
- Donaldson, Lufkin & Jenrette, Inc., 1959–1996 (Former Chairman & CEO)
- The Equitable Companies Incorporated, 1985–1996 (Former Chairman & CEO)
- Harvard University Board of Overseers
- The Duke Endowment, Trustee
- Classical American Homes Preservation Trust, Chairman
- Associates of the Harvard Business School, Director
Jenrette's books include Jenrette: The Contrarian Manager, a memoir of his career on Wall Street, and Adventures With Old Houses, a memoir of his experiences restoring several historic buildings.
- Ellis, Charles D. Wall Street People: True Stories of Today's Masters and Moguls, Volume 2. John Wiley & Sons. p. 299. ISBN 9780471238096. Retrieved January 5, 2015.
- Profile, HBS.edu; accessed April 22, 2018.
- Eichenwald, Kurt. "Jenrette Reported to Decline Chairman's Job at Big Board".
- "Richard Jenrette, Co-Founder of DLJ Investment Bank, Dies at 89".
- Classical American Homes Preservation Trust website, classicalamerican.org; accessed April 22, 2018.
- Richard H. Jenrette, Adventures with Old Houses (Charleston, SC: Wyrick & Co., 2000); ISBN 0-941711-46-3