William H. Donaldson

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This article is part of the Tobacco portal on Sourcewatch funded from 2006 - 2009 by the American Legacy Foundation.

On February 28, 2003, investment banker William H. Donaldson became the 27th Chairman of the Securities and Exchange Commission. He was nominated to the position by President George W. Bush on December 10, 2002. Donaldson replaced "embattled former SEC head, Harvey Pitt, who resigned November 6, 2002 amid a brewing conflict of interest scandal."

William H. Donaldson was a former non-managing Director of the Board of Philip Morris , at Page --4605

Biographical notes

Donaldson graduated with a bachelor's degree in American Studies from Yale University in 1953 and was a member of Skull & Bones. [1][2][3] Donaldson was a Marine Corps veteran between 1953 and 1955 and graduated with a master's degree in business administration from Harvard Business School in 1958.

According to NPR in 1959 he co-founded the international investment bank and stock research firm Donaldson, Lufkin & Jenrette and co-founder of its former investment management subsidiary, Alliance Capital Management Corporation. He was a Senior Advisor of until September 1995 when he joined Aetna.

He was the "founder of Yale University's School of Management in the late 1970s where he served as Dean and Professor of Management Studies." [4]

Between 1973 and 1975 Donaldson served as Under-Secretary of State in the Richard M. Nixon Administration and later counsel and special adviser to Vice President Nelson Rockefeller.

In 1981 he founded Donaldson Enterprises which he is chairman and chief executive officer of. [5].

Between 1990 and 1995 he was the Chairman and CEO of the New York Stock Exchange. [6] [7] From 1982 to 1998 he was a director at Honeywell. [8]

He was also Chairman, President, and CEO] of Aetna, Inc. a position he retired from in April 2001. [9] [10] In 2000 Donaldson raked in $35,739,914 in total compensation from Aetna. He has $18,314,940 in unexercised stock options from previous years. [11]

Donaldson was also a Director of the board of Philip Morris from 1979

Memberships and affiliations

Mr. Donaldson is the former Chairman of the Carnegie Endowment for International Peace who he joined in 1988 and was elected as cahirman of in 1999. He is a Director of Bright Horizons Family Solutions, Inc. (family support services) and EasyLink Services Corp. (Internet service provider). The founding Dean and Professor of Management at the Yale School of Management, he also served as U.S. Under Secretary of State and Counsel to the Vice President of the United States. Mr. Donaldson is a Director of the Lincoln Center for the Performing Arts and the Foreign Policy Association, is a trustee of the Aspen Institute [resigned January 2003], the Marine Corps University Foundation and The New York City Police Foundation, Inc., and is the Chairman of the Yale School of Management Advisory Board.

Other Related SourceWatch Resources

External links

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  1. Directors, Lincoln Center, accessed October 2, 2009.
  2. Founders Group, Marine Corps Heritage Foundation, accessed June 13, 2010.