Richard Jenrette

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Richard H. Jenrette
Born Richard Hampton Jenrette
(1929-04-05)April 5, 1929
Raleigh, North Carolina, U.S.
Died April 22, 2018(2018-04-22) (aged 89)
Charleston, South Carolina, U.S.
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 (April 5, 1929 – April 22, 2018) was an American businessman who was one of the founders of 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).[1]

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.[2]

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,[3] where he served as Chairman and CEO from 1990-96.

Death[edit]

Jenrette died of cancer on April 22, 2018, aged 89, in Charleston, South Carolina.[4] 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 houses[edit]

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.[5]

Jenrette commissioned new buildings, including a gate house (1997) and poolhouse (1998) at Edgewater, designed by the architect Michael Dwyer.[6]

Scholastic and other honors[edit]

Professional affiliations[edit]

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.

References[edit]

  1. ^ 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. 
  2. ^ Profile, HBS.edu; accessed April 22, 2018.
  3. ^ Eichenwald, Kurt. "Jenrette Reported to Decline Chairman's Job at Big Board". 
  4. ^ "Richard Jenrette, Co-Founder of DLJ Investment Bank, Dies at 89". 
  5. ^ Classical American Homes Preservation Trust website, classicalamerican.org; accessed April 22, 2018.
  6. ^ Richard H. Jenrette, Adventures with Old Houses (Charleston, SC: Wyrick & Co., 2000); ISBN 0-941711-46-3

External links[edit]