Difference between revisions of "John R. Shad"
Revision as of 11:31, 27 March 2020
John R. Shad was a Wall Street banker, lawyer and former U.S. naval officer who served as chairman of the U.S. Securities & 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 in Utah and raised in California and started his career at Value Line, Inc. as a securities analyst in 1949 and then later at an early version fo Shearson.
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.
Shad had degrees from the University of Southern California, the Harvard Business School and the New York University Law School.
JLN News Feed
Why everyone is now an options trader; Strategists See Growing Bets on Emerging-Markets Via ETF Options
DTCC’s MF Info Xchange Adds Two Way Communication and New Notifications Supporting Wide Spectrum of Announcements
CME Group Achieves Record International Average Daily Volume of 5.2 Million Contracts in 2020, Up 8 Percent from 2019
CME Group Completes Migration of BrokerTec EU Government Bond and EU Repo Trading Platform to CME Globex
[JPX,TSE,OSE,JPX-R,JSCC,TOCOMJPX Monthly Headlines - December 2020]
We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.