John R. Shad
John R. Shad was a Wall Street banker, lawyer and former U.S. naval officer who served as chairman of the U.S. Securities and Exchange Commission in the 1980s. Shad was the first Wall Street banker to serve as SEC chairman in over 50 years at the time.
Before joining the SEC, Shad had been vice chairman of the securities firm E.F. Hutton & Company Inc.
Schad died in 1994 at the age of 71.
Shad was born on June 27, 1923 in Brigham City, Utah and raised in California and served in the U.S. Navy during World War II.
He was recruited by E.F. Hutton to join the firm in 1963 and quickly rose as a deal-maker. He focused on second-tier, smaller companies that were unattractive to the bigger, older investment banking firms.
He rose to vice chairman at E.F. Hutton, but lost out on a bid to become chairman to west coast executives.
Shad was a life-long Republican, and was an early supporter of Ronald Reagan for the presidency in 1980. Shad headed Reagan's New York fundraising operation for the 1980 election. Reagan then appointed Schad to be the chairman of the SEC, where he promoted free-market ideas and fostered deregulation.
After being then then longest serving chairman of the SEC, Shad was nominated by President Ronald Reagan to be Ambassador to the Netherlands.
Shad graduated with honors from the University of Southern California 1947, after a three year interruption for his service in the Navy during the war.
He earned a masters of business administration from Harvard Business School in 1949 and a law degree from the New York University Law School in 1959.
JLN News Feed
[JPX,TSEAbout publication of materials of Council for Recurrence Prevention Measures(1st meeting)]
[JPXRI Digital: Japan 2020 will be held on October 28-29]
Nasdaq Reports Third Quarter 2020 Results; Delivers Broad-Based 13% Revenue Growth vs. Prior Year Period
We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.