John C. Whitehead | WIKIPEDIA | MAY 18, 2017
John Cunningham Whitehead (April 2, 1922 – February 7, 2015) was an American banker and civil servant, and a board member of the World Trade Center Memorial Foundation (WTC Memorial Foundation) and, until his resignation in May 2006, chairman of the Lower Manhattan Development Corporation.
Whitehead started his career at the New York investment bank of Goldman Sachs as a partner. He rose to become Chairman over a total of 38 years at the firm and retired in 1984 as Co-Chairman and Co-Senior Partner.
Whitehead served as United States Deputy Secretary of State in Ronald Reagan‘s administration from 1985 to 1989 under George Shultz, and was awarded the Presidential Citizens Medal by President Reagan. In 1996, he was the Campaign Chairman for Michael Benjamin who ran for a seat in New York’s 8th congressional district.
He was Chairman at different times of the Board of the Federal Reserve Bank of New York, the United Nations Association, the Andrew W. Mellon Foundation and the Harvard Board of Overseers. He was a director of the New York Stock Exchange and Chairman Emeritus of The Brookings Institution. He was a member of Kappa Beta Phi.
He had a long association with the Rockefeller family, having held positions at various times with family-created institutions such as Rockefeller University, the Asia Society (where he was Chairman Emeritus and Honorary Life Trustee), the Lincoln Center Theater and the WTC Memorial Foundation. In these organisations, and previously when he was for a time on the family’s powerful Trust Committee, overseeing the family fortune and investments of the Rockefeller Group, the real estate firm that previously owned and managed Rockefeller Center, he became closely associated with David Rockefeller.
“In 1995, he donated $10 million to Harvard Business School to start the John C. Whitehead Fund for Not-for-Profit Management. In 1997, Seton Hall University in New Jersey, with Mr. Whitehead’s financing,” the School of Diplomacy and International Relations at Seton Hall University was also named after him. He received an honorary LL.D. from Bates College in 2004, and an honorary Doctor of Humane Letters degree from The City University of New York upon the recommendation of Macaulay Honors College in 2009.
Whitehead was an Eagle Scout and recipient of the Distinguished Eagle Scout Award. He was longstanding Co-Chairman of the Board of the Greater New York Councils, Boy Scouts of America. He was the Chairman of the Financial Services Volunteer Corps (FSVC) from July, 2005 into his death in February 2015. He was also an Advisory Board member for the Partnership for a Secure America, a not-for-profit organization dedicated to recreating the bipartisan center in American national security and foreign policy.
Whitehead sat on the Advisory Board of the Washington-based think-tank Global Financial Integrity, which conducts research on illicit financial flows and the damaging effects they have on developing countries, as well as the advisory board for DC-based nonprofit America Abroad Media. He was also a member of the Board of Trustees of Eisenhower Fellowships.
Whitehead was a board member and head of the investment committee of the Getty Trust. He retired from that position in 1996 following a substantial portfolio loss from the use of stock options for a so-called “collar“.
In 2004, he received the David Rockefeller Bridging Leadership Award from Synergos.
Whitehead was Co-Chairman of AMDeC Foundation, a 28-member organization of leaders in biomedical research and technology in New York State. Whitehead, along with Academic Medicine Development Company (AMDeC) President, Dr. Maria K. Mitchell, secured funding and infrastructure support for next-generation research for New York’s renowned academic medical centers. In 2006, Whitehead was one of the most notable Republican donors to the campaign of Joe Lieberman during his independent re-election campaign for the United States Senate.
On November 12, 2008, Whitehead said at the Reuters Global Finance Summit that the United States economy faces an economic slump deeper than the Great Depression and that a growing deficit threatens the credit of the country.
In 2011, John C. Whitehead was awarded the Truman-Reagan Medal of Freedom.