John Carter Bacot (; February 7, 1933 – April 7, 2005) was

president President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

of The Bank of New York for eight years and he was chairman and CEO for sixteen years. He remained on the Board of Directors until 2003.

Biography

Bacot spent his early years in

Utica, New York Utica () is a city in the Mohawk Valley and the county seat of Oneida County, New York, United States. The tenth-most-populous city in New York State, its population was 65,283 in the 2020 U.S. Census. Located on the Mohawk River at the ...

. After graduating from

Hamilton College Hamilton College is a private liberal arts college in Clinton, Oneida County, New York. It was founded as Hamilton-Oneida Academy in 1793 and was chartered as Hamilton College in 1812 in honor of inaugural trustee Alexander Hamilton, following ...

in 1955 and from Cornell Law School in 1958. He worked briefly for a Utica law firm. Bacot joined The Bank of New York in 1960. He was named vice chair of the company in 1975 and president in 1979. He was the chairman and chief executive from 1982 until 1998 and remained on the board until 2003. While Bacot was the chairman, the bank's assets increase from $11.5 billion to $60 billion. Also, the bank's net annual income increased from $58 million to $1.1 billion. On April 7, 2005 The Bank of New York Company announced that Bacot had died earlier that day from cardiac arrest at his home in

Montclair, New Jersey Montclair () is a township in Essex County in the U.S. state of New Jersey. Situated on the cliffs of the Watchung Mountains, Montclair is a wealthy and diverse commuter town and suburb of New York City within the New York metropolitan area. ...

at age 72. He had a forty-three-year career at The Bank of New York. Bacot died on April 7, 2005 due to cardiac arrest. He is survived by his wife, Shirley Schou; two daughters, Susan Bacot and Betsy Bacot-Aigner; and two grandsons.

References

1933 births 2005 deaths American chief executives of financial services companies Hamilton College (New York) alumni Cornell Law School alumni Place of death missing {{US-business-bio-1930s-stub 20th-century American businesspeople American chief operating officers