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John C. Whitehead

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John C. Whitehead
9th U.S. Deputy Secretary of State
In office
July 9, 1985 – January 20, 1989
PresidentRonald Reagan
Preceded byKenneth W. Dam
Succeeded byLawrence S. Eagleburger
Personal details
Born
John Cunningham Whitehead

(1922-04-02)April 2, 1922
Evanston, Illinois, United States
DiedFebruary 7, 2015(2015-02-07) (aged 92)
New York, New York, United States
NationalityUnited States
Political partyRepublican
Spouse(s)Cynthia Matthews
Nancy Dickerson (1989-1997; her death)
Children3
Alma materHaverford College
Harvard Business School
OccupationInvestment banker
Political appointee

John Cunningham Whitehead (April 2, 1922 – February 7, 2015) was an American banker and civil servant, and a board member of the World Trade Center Memorial Foundation (WTC Memorial Foundation) and, until his resignation in May 2006, chairman of the Lower Manhattan Development Corporation.[1]

Early life and education

Whitehead was born in Evanston, Illinois, the son of Winifred K. and Eugene Cunningham Whitehead.[2] His family moved to Montclair, New Jersey, when he was two years old.[3]

Whitehead graduated from Haverford College in 1943 and served in the U.S. Navy during World War II, where he commanded one of the LCDP landing crafts at Omaha Beach, in the D-Day landing invasion of Normandy.[4][5]

In 1947, he received an MBA degree from Harvard Business School[3]

Career

Whitehead started his career at the New York investment bank of Goldman Sachs as a partner. He rose to become Chairman over a total of 38 years at the firm and retired in 1984 as Co-Chairman and Co-Senior Partner.

Whitehead served as United States Deputy Secretary of State in Ronald Reagan's administration from 1985 to 1989 under George Shultz, and was awarded the Presidential Citizens Medal by President Reagan. In 1996, he was the Campaign Chairman for Michael Benjamin who ran for a seat in New York's 8th congressional district.

He was Chairman at different times of the Board of the Federal Reserve Bank of New York, the United Nations Association, the Andrew W. Mellon Foundation and the Harvard Board of Overseers. He was a director of the New York Stock Exchange and Chairman Emeritus of The Brookings Institution. He was a member of Kappa Beta Phi.[6]

He had a long association with the Rockefeller family, having held positions at various times with family-created institutions such as Rockefeller University, the Asia Society (where he was Chairman Emeritus and Honorary Life Trustee), the Lincoln Center Theater and the WTC Memorial Foundation. In these organisations, and previously when he was for a time on the family's powerful Trust Committee, overseeing the family fortune and investments of the Rockefeller Group[citation needed], the real estate firm that previously owned and managed Rockefeller Center, he became closely associated with David Rockefeller.

As an alumnus of Haverford College in Pennsylvania, he has had the campus center and the chair of the philosophy department named after him.

"In 1995, he donated $10 million to Harvard Business School to start the John C. Whitehead Fund for Not-for-Profit Management. In 1997, Seton Hall University in New Jersey, with Mr. Whitehead’s financing," the School of Diplomacy and International Relations at Seton Hall University was also named after him.[7] He received an honorary LL.D. from Bates College in 2004, and an honorary Doctor of Humane Letters degree from The City University of New York upon the recommendation of Macaulay Honors College in 2009.

Whitehead was an Eagle Scout and recipient of the Distinguished Eagle Scout Award. He was longstanding Co-Chairman of the Board of the Greater New York Councils, Boy Scouts of America. He was the Chairman of the Financial Services Volunteer Corps (FSVC) from July, 2005 into his death in February 2015. He was also an Advisory Board member for the Partnership for a Secure America, a not-for-profit organization dedicated to recreating the bipartisan center in American national security and foreign policy. [citation needed]

Whitehead sat on the Advisory Board of the Washington-based think-tank Global Financial Integrity, which conducts research on illicit financial flows and the damaging effects they have on developing countries, as well as the advisory board for DC-based nonprofit America Abroad Media.[8] He was also a member of the Board of Trustees of Eisenhower Fellowships.

Whitehead was a board member and head of the investment committee of the Getty Trust. He retired from that position in 1996 following a substantial portfolio loss from the use of stock options for a so-called "collar".[9]

In 2004, he received the David Rockefeller Bridging Leadership Award from Synergos.[10]

Whitehead was Co-Chairman of AMDeC Foundation, a 28-member organization of leaders in biomedical research and technology in New York State. Whitehead, along with Academic Medicine Development Company (AMDeC) President, Dr. Maria K. Mitchell, secured funding and infrastructure support for next-generation research for New York's renowned academic medical centers. In 2006, Whitehead was one of the most notable Republican donors to the campaign of Joe Lieberman during his independent re-election campaign for the United States Senate.[11]

On November 12, 2008, Whitehead said at the Reuters Global Finance Summit that the United States economy faces an economic slump deeper than the Great Depression and that a growing deficit threatens the credit of the country.[12]

In 2011, John C. Whitehead was awarded the Truman-Reagan Medal of Freedom.[13]

In 2012, Whitehead was awarded the Freedom Prize for the second time.[14] He was also a member of the Steering Committee of the Bilderberg Group.[15]

Publications

In 2005, Whitehead published a memoir, A Life In Leadership: From D-Day to Ground Zero.[4]

Select publications

Personal life

Whitehead married television newswoman Nancy Dickerson in 1989, by which marriage he gained seven stepchildren. She died in 1997. Her son, John Dickerson, the writer, is one of his stepchildren. In 2003, Whitehead dedicated the Nancy Dickerson Whitehead Community Service Center for Homeless Youth in Southeast Washington, D.C., with a generous gift to Covenant House. Whitehead died on February 7, 2015, of cancer at his New York home, at age 92.[where?][7][16] Earlier marriages to the former Helene Shannon, known as Sandy, and the former Jaan Chartener ended in divorce.[7]

Whitehead was survived by his wife, the former Cynthia Matthews; his three children: Anne, Sarah and J. Gregory Whitehead; two granddaughters; seven stepchildren; and 18 step-grandchildren.[7]

References

  1. ^ "John Whitehead Resigns as LMDC Chairman", lowermanhattan.info; accessed February 14, 2015.
  2. ^ A Life of Leadership, books.google.ca.
  3. ^ a b "John Whitehead" interview @ Harvard Business School by Amy Blitz, Director of Media Development for Entrepreneurial Management, July 2002.
  4. ^ a b A Life In Leadership @ Basic Books
  5. ^ "A Day at the Beach" @ OpinionJournal - July 4, 2008
  6. ^ Roose, Kevin (2014). Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits. London, UK: John Murray (Publishers), An Hachette UK Company. p. 206. ISBN 978-1-47361-161-0.
  7. ^ a b c d Martin, Douglas (February 8, 2015). "John C. Whitehead, Who Led Effort to Rebuild After 9/11, Dies at 92". New York Times.
  8. ^ "Archived copy". Archived from the original on July 16, 2014. Retrieved June 16, 2014. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
  9. ^ Hiltzik, Michael A., "Bad Guess on Market Cost Getty Trust $400 Million", Los Angeles Times, December 4, 1997. Retrieved 2015-05-22.
  10. ^ "University for a Night 2004", synergos.org, November 16, 2004.
  11. ^ Lightman, David (March 19, 2007). "GOP Gave Joe A Boost". Hartford Courant. Retrieved 2007-03-19.
  12. ^ Giannone, Joseph A., "Whitehead Sees Slump Worse Than Depression", Reuters, November 12, 2008.
  13. ^ "Archived copy". Archived from the original on August 28, 2012. Retrieved September 4, 2012. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
  14. ^ Anderson, Monika (2012-11-08). "Kissinger, Bloomberg Honor IRC at Freedom Award Dinner". Wall Street Journal. Retrieved 2013-09-06.
  15. ^ "Former Steering Committee Members". bilderbergmeetings.org. Bilderberg Group. Retrieved 2014-02-08.
  16. ^ Chiacu, Doina (February 7, 2015). "John Whitehead, former leader of Goldman Sachs, dies at 92". Reuters.
Political offices
Preceded by United States Deputy Secretary of State
1985–1989 		Succeeded by
Business positions
Preceded by Chairman and CEO, Goldman Sachs
1976–1985 		Succeeded by
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