S. Parker Gilbert
Seymour Parker Gilbert III | |
|---|---|
| Born | Template:Birth date |
| Died | May 27, 2015 (aged 81) |
| Occupation(s) | Businessman, Banker |
| Known for | Chairman and President of Morgan Stanley (1983–1990) |
Seymour Parker Gilbert III (November 15, 1933 – May 27, 2015) served as Chairman of the Board and President of Morgan Stanley between 1983 and 1990.
Career
Throughout Gilbert's leadership as Chairman and President at Morgan Stanley, the number of employees grew significantly from 2,600 to 6,800, while the firm's equity increased from $207 million to more than $2 billion. He directed the company's initial public offering in 1986. Gilbert began his career at Morgan Stanley in 1960, advanced to partner in 1969, was promoted to managing director in 1970, and became a member of the Management Committee in 1974.
Group of eight
In 2005, Gilbert joined seven other former Morgan Stanley partners to establish the 'Group of Eight,' which played a pivotal role in the transition of CEO leadership from Philip J. Purcell to John J. Mack.
Board of Directors and Trustees
Gilbert's board memberships included positions at Burlington Resources (1990–2001), ITT Corporation (1991–1995), ITT Industries (1995–1999), Morgan Stanley Group, Inc. (1986–1997), the New York Stock Exchange (1986–1990), Taubman Centers, Inc. (1992–2004), and Bessemer Securities. Additionally, he was a trustee for institutions such as the Pierpont Morgan Library, the Metropolitan Museum of Art, the Alfred P. Sloan Foundation, and the Josiah Macy, Jr. Foundation.
Personal life
Gilbert was the son of diplomat Seymour Parker Gilbert. Following his father's passing, his mother remarried Harold Stanley, one of the co-founders of Morgan Stanley. The other founder, Henry Sturgis Morgan, served as Gilbert's godfather.
He received his education at Buckley School and Hotchkiss School, before graduating from Yale University in 1956. Gilbert completed his service in the United States Army by 1959. Together with his wife, Gail Auchincloss, he had three children: S. Parker Jr. (Parker), Lynn Tudor, and author David Gilbert, as well as eight grandchildren. Gilbert passed away on May 27, 2015, in New York City at age 81 due to complications from chronic obstructive pulmonary disease.