Background
Margolis, David Israel was born on January 24, 1930 in New York City. Son of Benjamin and Celia (Kosofsky) Margolis.
assistant Industrialist president
Margolis, David Israel was born on January 24, 1930 in New York City. Son of Benjamin and Celia (Kosofsky) Margolis.
Bachelor, City College of New York, 1950; Master of Business Administration, City College of New York, 1952; postgraduate, New York University, 1952-1955.
After graduating, he became the assistant treasurer at Raytheon and treasurer of International Telephone & Telegraph (International Telephone And Telegraph). Margolis met Harold Geneen at a Boston company in the 1950s and followed him to International Telephone And Telegraph. Margolis was president of Colt Industries from 1962 to 1995, a firm founded in 1836 by Samuel Colt, and served as the company"s chairman from 1984 to 1995. Margolis expanded the company from its original roles as a firearms manufacturer into a producer of machinery for the aerospace, automobile, chemical and petroleum industries, with annual revenues of $1.6 billion as of 1988.
Edward Koch was sworn into office as mayor on December 31, 1977 at the Margolis home at 30 East 72nd Street.
A 1980 profile in The New York Times called Margolis, Koch"s right-hand man, quoting Koch who called him one of his "closest friends and advisors". Though Margolis played down his relationship with the mayor, he was described as playing the behind-the-scenes role as the mayor"s unofficial labor expert during the 1980 New York City transit strike, in which subway workers were on picket lines for 11 days.
Koch included Margolis in City Hall strategy sessions and consulted with him on budget, economic development and labor issues. Margolis, a resident of Manhattan died at age 78 on December 13, 2008 due to cardiac arrest.
Member of the board of trustees Presbyterian Hospital City New York. Board overseers New York University Stern School Business. Member Council Foreign Rels.
Married Barbara Schneider, September 7, 1958. Children: Brian, Robert, Peter, Nancy.
