Richard Jenrette

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Richard H. Jenrette
Born (1929-04-05) April 5, 1929 (age 85)
Raleigh, North Carolina
Citizenship United States
Alma mater University of North Carolina at Chapel Hill
Harvard Business School
Occupation Banker, Founder of Donaldson, Lufkin & Jenrette

Richard Hampton Jenrette (born April 5, 1929 in Raleigh, North Carolina) was one the founders of the Wall Street firm, Donaldson, Lufkin & Jenrette (DLJ).

Education and Business Career[edit]

Jenrette graduated from the University of North Carolina at Chapel Hill (BA 1951), and from the Harvard Business School (MBA 1957).

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.[citation needed] Jenrette was also instrumental in taking DLJ public in 1970, making it the first publicly traded investment firm in the United States.[1] Taking the helm of DLJ in 1973, Jenrette successfully shepherded the firm through a recession and a later sale to worldwide insurance leader, The Equitable,[2] where he served as Chairman and CEO from 1990 until 1996.

Restoration of Historic Houses[edit]

Since the 1960s, Jenrette has bought and restored a series of significant historic American homes 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.[3]

Jenrette has also commissioned new buildings, including a guesthouse (1997) and poolhouse (1998) at Edgewater, designed by the architect Michael Middleton Dwyer.[4]

Publications[edit]

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.

Scholastic and other honors[edit]

Professional affiliations[edit]

References[edit]

  1. ^ HBS profile
  2. ^ Jenrette Reported to Decline Chairman's Job at Big Board
  3. ^ Classical American Homes Preservation Trust
  4. ^ Richard H. Jenrette, Adventures with Old Houses (Charleston, SC: Wyrick & Co., 2000). ISBN 0-941711-46-3.

External links[edit]