Background
Jenrette, Richard Hampton was born on April 5, 1929 in Raleigh, North Carolina, United States. Son of Joseph M. and Emma V. (Love) Jenrette.
Investment and insurance company executive
Jenrette, Richard Hampton was born on April 5, 1929 in Raleigh, North Carolina, United States. Son of Joseph M. and Emma V. (Love) Jenrette.
Bachelor, University North Carolina, 1951. Master of Business Administration, Harvard University, 1957. Doctor of Letters (honorary), University North Carolina.
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. Jenrette was also instrumental in taking DLJ public in 1970, making it the first publicly traded investment firm in the United States.
Taking the helm of DLJ in 1973, Jenrette successfully shepherded the firm through a recession and a later sale to worldwide insurance leader, The Equitable, where he served as Chairman and CEO from 1990 until 1996. Since the 1960s, Jenrette has bought and restored a series of significant historic American homes 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. Jenrette has also commissioned new buildings, including a guesthouse (1997) and poolhouse (1998) at Edgewater, designed by the architect Michael Middleton Dwyer. New England Life Insurance Co., 1951–1953 Brown Brothers Harriman & Co., 1957–1959 Donaldson, Lufkin & Jenrette, Inc., 1959–1996 (Former Chairman & CEO) The Equitable Companies Incorporated, 1985–1996 (Former Chairman & CEO) Harvard University Board of Overseers The Duke Endowment, Trustee Classical American Homes Preservation Trust, Chairman Associates of the Harvard Business School, Director.
American Assembly Service to Democracy Award-Dwight D. Eisenhower Medal (1993).
Second lieutenant United States Army Reserve, 1953-1955. Trustee Duke Foundation. Member Securities Industry Association (board director, executive committee), Institute Chartered Finance Analysts, New York Society Security Analysts, Phi Beta Kappa.
Clubs: University, Brook, Harvard, Harvard Business School, Links (New York City). Carolina Yacht (Charleston, South Carolina).