Melvin T. Tukman is an American asset manager, investor and philanthropist. He is the co-founder and president of Tukman Grossman Capital Management, an investment firm based in

Larkspur, California Larkspur is a city in Marin County, California, United States. Larkspur is located south of San Rafael, at an elevation of . As of the 2020 Census, the city's population was 13,064. Larkspur's Police Department is shared with that of the ...

. He has managed capital for the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

and

Stanford University Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is consider ...

. He is a large donor to the

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

Early life

Melvin Theodore Tukman graduated from

Hunter College Hunter College is a public university in New York City. It is one of the constituent colleges of the City University of New York and offers studies in more than one hundred undergraduate and postgraduate fields across five schools. It also admi ...

, where he received a bachelor of arts degree. He received a master in business administration from the

in 1966.

Career

Tukman began his career as an investment manager in 1971. With Dan Grossman, Tukman co-founded Tukman Grossman Capital Management, an investment firm formerly known as Tukman Capital Management based in

, in 1980. Their initial investment was US$11 million. By 1991, the firm has US$496 million of assets under management, and it invested capital for

and the

. Some of its investments included shareholdings in

Ralston Purina Ralston Purina Company was a St. Louis, Missouri,–based American conglomerate with substantial holdings in animal feed, food, pet food, consumer products, and entertainment. On December 12, 2001, it merged with Swiss food-giant Nestlé's Fri ...

Anheuser-Busch Anheuser-Busch Companies, LLC is an American brewing company headquartered in St. Louis, Missouri. Since 2008, it has been wholly owned by Anheuser-Busch InBev SA/NV (AB InBev), now the world's largest brewing company, which owns multiple glo ...

and

GEICO The Government Employees Insurance Company (GEICO ) is a private American auto insurance company with headquarters in Chevy Chase, Maryland. It is the second largest auto insurer in the United States, after State Farm. GEICO is a wholly owne ...

. By 1995, the firm was the fourth largest shareholder of

CBS CBS Broadcasting Inc., commonly shortened to CBS, the abbreviation of its former legal name Columbia Broadcasting System, is an American commercial broadcast television and radio network serving as the flagship property of the CBS Entertainm ...

and the seventh largest shareholder of

Capital Cities Communications Capital Cities/ABC Inc. was an American media company. It was founded in 1985 when Capital Cities Communications purchased the much larger American Broadcasting Company. It eventually proposed a merger of equals with The Walt Disney Company and ...

(totalling 2.3 million shares).

Philanthropy

Tukman has made charitable donations to his alma mater, the Harvard Business School. He endowed the Mel Tukman Dean’s Fund at the HBS in 1999, which funded the Tukman Fellowship, awarded to academics Dennis W. Campbell,

Noam T. Wasserman Noam T. Wasserman is an American academic. He is currently the dean of the Yeshiva University Sy Syms School of Business. Previously, he held the position of professor of clinical entrepreneurship at the University of Southern California and the d ...

, Scott A. Snook and Shikhar Ghosh. In March 2015, the fellowship was renamed the Mel Tukman Senior Lectureship after he donated to the Harvard Business School Campaign. With his wife, Tukman supports the Lois and Mel Tukman Endowed Assistant Professorship at

Cornell University Cornell University is a private statutory land-grant research university based in Ithaca, New York. It is a member of the Ivy League. Founded in 1865 by Ezra Cornell and Andrew Dickson White, Cornell was founded with the intention to teach an ...

, which is held by Tashara Marie Leak. They have also donated to

New Leaders New Leaders is an American non-profit organization that aims to recruit and train school leaders who focus on improving education results for poor and minority students. It also aims to promote system-level policies and practices that provide supp ...

Personal life

Tukman has a wife, Lois, who formerly served on the board of trustees of

The Branson School The Branson School (also known as Branson, Branson School, or KBS) is a co-educational college-preparatory high school for students in grades 9–12. The school has 320 students, and is located in Ross, California, north of San Francisco. Histo ...

. They summer in Chilmark on

Martha's Vineyard Martha's Vineyard, often simply called the Vineyard, is an island in the Northeastern United States, located south of Cape Cod in Dukes County, Massachusetts, known for being a popular, affluent summer colony. Martha's Vineyard includes the s ...

, where they have owned a summer house since 1989.

References

{{DEFAULTSORT:Tukman, Melvin T. Living people People from Larkspur, California People from Chilmark, Massachusetts Hunter College alumni Harvard Business School alumni American company founders American investors American philanthropists Year of birth missing (living people)