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Gary Parr

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This is an old revision of this page, as edited by Ridintherails (talk | contribs) at 05:02, 26 October 2014 (Adds information about Parr Center for Ethics Director being named in UNC cheating scandal.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Gary Parr
NationalityUnited States
Alma materBSBA University of North Carolina
MBA Northwestern University
OccupationInvestment banker
EmployerLazard Ltd

Gary W. Parr is a vice chairman of Lazard.[1] He is an investment banker who has focused on the financial services industry for more than 30 years. Since 2009, he has also been chairman of the New York Philharmonic. [2][3]

Career

Parr began his career at First Boston Corp., where he worked on insurance industry mergers. [4] In 1988 he was part of a group that formed the advisory firm Wasserstein Perella, co-founded by Bruce Wasserstein and Joseph Perella. In 1993, he moved to Morgan Stanley, where his roles included heading the global financial institutions group and co-heading the global M&A division. He joined Lazard in 2003. [1][3][4]

He has advised clients on many of the largest mergers and acquisitions and strategic investments in the financial services industry, including: the sale of Lehman’s North American investment banking business to Barclays; the sale of Bear Stearns to JP Morgan; Mitsubishi UFJ’s investment in Morgan Stanley; Kuwait’s investment in Citigroup; China Investment Corp.’s investment in Morgan Stanley; the merger of Bank of New York and Mellon; the sale of Donaldson Lufkin & Jenrette to Credit Suisse First Boston; Dean Witter Discover’s merger with Morgan Stanley; and Berkshire Hathaway’s acquisition of GEICO. [1][4][5]

==Education==[6]

Personal

Parr is a Charlotte, NC native. He was an underachiever in his formative years and was denied admission to his preferred college (UNC-Chapel Hill) because "his grades were 'awful' and he 'didn’t even try' in high school." He recognized certain deficiencies in character and/or effort, remedied them, and has clearly risen above them in his academic and professional pursuits. Parr was quoted saying “failure can many times be a driver, being rejected from Carolina was the best thing that ever happened to me. The day after I was rejected, I started focusing on how to succeed.”[6]

Parr is divorced with two grown children. He lives alone in a 24,000-square-foot (2,200 m2) mansion located in Tuxedo Park, NY. The residence has 26 bedrooms and 11½ baths and is set amid 6.2 acres (25,000 m2) [7]. He leads an active social life and is a regular on the Sundance Film Festival party circuit, and is also known to accompany high profile television personalities such as Michelle Caruso-Cabrera to various social events, as well as traveling together internationally [8] [9]

Parr frequently appears in the New York Social Diary [10] [11]

He established the Parr Center for Ethics at the University of North Carolina at Chapel Hill in 2004.[12] In 2013 he was awarded the Distinguished Alumnus Award from the University of North Carolina. [13]

In October of 2014 the Wainstein Report revealed that the Director of the Parr Center for Ethics, Jan Boxill, "was was responsible for funneling student-athletes into bogus paper classes and making sure they received the grade they would need to stay eligible" in the massive academic fraud at UNC that has been ongoing for close to two decades. [14]

In addition to his role as chairman of the New York Philharmonic, Parr has served on a variety of not-for-profit organizations. He also served on the Board of the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. [1][5] Parr is said to enjoy architectural renovation projects, and has restored an historic property in Tuxedo Park, New York. [15]

Affiliations

References

  1. ^ "Chairman Gary W. Parr". New York Philharmonic.
  2. ^ a b Daniel J. Wakin (2009-06-12). "New York Philharmonic Names Gary Parr Chairman". The New York Times. Retrieved 2009-06-11.
  3. ^ a b c Matt Golosinski. "Theory into Practice: Analytical and 'people' skills both key, says financial ace Gary Parr '80". Retrieved 2007. {{cite web}}: Check date values in: |accessdate= (help)
  4. ^ a b "The Global Engineer". Retrieved 2008-1-22. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |Author= ignored (|author= suggested) (help)
  5. ^ Parr attended North Carolina State University for his freshman and sophomore years [5] and then transferred to the University of North Carolina at Chapel Hill for his junior and senior campaigns. He went on to graduate from UNC with honors: Phi Beta Kappa and Beta Gamma Sigma. He also received an MBA from Northwestern University. While at UNC, Parr was a member of Pi Kappa Phi Fraternity.
  6. ^ http://nypost.com/2008/03/23/none-over-parr/
  7. ^ http://radaronline.com/exclusives/2008/10/michelle-caruso-cabrera-cnbc-maria-bartiromo-gary-parr-china-pictures-maria-bartiromo-php/
  8. ^ http://nypost.com/2008/03/23/none-over-parr/
  9. ^ http://www.newyorksocialdiary.com/social-diary/2007/discovering-asolo
  10. ^ http://www.newyorksocialdiary.com/party-pictures/2009/moonlight-and-more
  11. ^ Cite error: The named reference parrcenter was invoked but never defined (see the help page).
  12. ^ Cite error: The named reference UNCAlumni was invoked but never defined (see the help page).
  13. ^ http://www.dailytarheel.com/article/2014/10/campus-shocked-by-former-faculty-chairwoman-jan-boxills-involvement-in-academic-scandal
  14. ^ "Tuxedo Park FYI".

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