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Owen Daniel Young Edit Profile

executive , lawyer

Owen Daniel Young was an American lawyer and industrial executive.

Background

He was born in Van Hornesville, N. Y. , Oct. 27, 1874. Owen was an only child, his parents lost their first born son before he was born, and his birth was something rejoiced.

Education

He graduated from St. Lawrence University in 1894 and from Boston University Law School in 1896.

Career

Young began law practice in Boston in 1896 and in 1912 became general counsel for the General Electric Company. He was elected vice-president in 1913 and in 1922 became chairman of the board of directors, serving in that capacity until his retirement in 1939. In 1919 the Radio Corporation of America was formed under his direction, and in the same year Young became a member of Pres.

In December 1923 he was chosen a member of the Commission of Experts appointed by the Allied Reparations Commission, of which the American banker Charles G. Dawes was chairman. Young helped formulate the Dawes Plan of German reparation payments, announced in May 1924; participated actively in the work of the commission; and in 1928 formulated the Young Plan of German reparations. However, the depression of the 1930's, the resulting Hoover moratorium on intergovernmental debts, and the rise of Hitler to power in Germany put an end to German reparations payments. Young was chairman of the American Youth Commission, 1936-1942, and served as a member of the Board of Regents of New York State.

During World War II he was recalled by General Electric, serving as acting chairman (1942 - 1944). In 1948 he served on the Commission on Organization of the Executive Branch of the Government.

Achievements

  • He was a founder of the Radio Corporation of America. Throughout his career he was an advisor to the federal government on both domestic and international economic affairs.

    he built the Van Hornesville, New York, Central School in his hometown to consolidate all the small rural schools in the area, it was renamed Owen D. Young Central School in his honor.

Membership

He was a member of the New York State Board of Regents, governing body of New York's educational system, until 1946.

Connections

He married Josephine Sheldon Edmonds (1870-1935) on June 13, 1898 in Southbridge, Massachusetts. Following the death of his first wife in February 1937, he married Louise Powis Clark (1887–1965), a widow with three children.

father:
Jacob Smith Young

mother:
Ida Brandow

spouse:
Josephine Sheldon Edmonds

spouse:
Louise Powis Clark

son:
Charles Jacob Young (December 17, 1899 – October 2, 1987)

daughter:
Josephine Young Case

a poet and novelist

son:
John Young (August 13, 1902 – August 21, 1926)

son:
Richard Young (June 23, 1919 – November 18, 2011)

an attorney, expert on international and maritime law

son:
Philip Young (May 9, 1910 – January 15, 1987)

friend:
Charles A. Coffin