Seymour Parker Gilbert III (November 15, 1933 – May 27, 2015) was Chairman of Board and President of

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

from 1983 until 1990.

Career

While Gilbert was the Chairman of Board and President of

from 1983 until 1990, the number of employees at the firm grew from 2,600 to 6,800. Equity grew from $207 million to more than $2 Billion. Gilbert led the company through an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

in 1986. Gilbert joined Morgan Stanley in 1960 and became a partner in 1969. He became a Managing Director in 1970. In 1974, he became a member of the Management Committee.

Group of eight

In 2005, Gilbert joined with seven other former partners of Morgan Stanley to form the 'Group of Eight'. The Group of Eight is widely credited with forcing the ouster of

Philip J. Purcell Philip J. Purcell (born 1943) is an American businessman. Purcell is a former chairman and CEO of Morgan Stanley, where he worked in the late 1990s and 2000s. He was previously chairman and CEO of Dean Witter, Discover and managed the firm unde ...

and his replacement with

John Mack John Mack may refer to: * John Martin Mack (1715–1784), Moravian bishop * John Mack (Medal of Honor recipient) (1843–1881), American Civil War sailor and Medal of Honor recipient * John J. Mack (coach) (1870–1923), Yale University track coac ...

Board of Directors and Trustees activity

Gilbert served on the board of directors of:

Burlington Resources Burlington Resources Inc. was a company engaged in hydrocarbon exploration. In 2006, the company was acquired by ConocoPhillips. History In 1988, the company was formed to own the resource assets of Burlington Northern Railroad. The company became ...

(1990–2001),

ITT Corporation ITT Inc., formerly ITT Corporation, is an American worldwide manufacturing company based in Stamford, Connecticut. The company produces specialty components for the aerospace, transportation, energy and industrial markets. ITT's three businesses ...

(1991–1995),

ITT Industries ITT Inc., formerly ITT Corporation, is an American worldwide manufacturing company based in Stamford, Connecticut. The company produces specialty components for the aerospace, transportation, energy and industrial markets. ITT's three businesses ...

(1995–1999), Morgan Stanley Group, Inc. (1986–1997), the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

(1986–1990), Taubman Centers, Inc. (1992-2004), and

Bessemer Securities Bessemer Trust is a private, independent multi-family office that oversees more than $140 billion for over 2,500 families, foundations and endowments. Founded in 1907, the firm has its headquarters in New York City, with 19 regional offices elsew ...

. He also served on the board of trustees of: the

Pierpont Morgan Library The Morgan Library & Museum, formerly the Pierpont Morgan Library, is a museum and research library in the Murray Hill neighborhood of Manhattan in New York City. It is situated at 225 Madison Avenue, between 36th Street to the south and 37th ...

, the

Metropolitan Museum of Art The Metropolitan Museum of Art of New York City, colloquially "the Met", is the largest art museum in the Americas. Its permanent collection contains over two million works, divided among 17 curatorial departments. The main building at 1000 ...

, the

Alfred P. Sloan Foundation The Alfred P. Sloan Foundation is an American philanthropic nonprofit organization. It was established in 1934 by Alfred P. Sloan Jr., then-president and chief executive officer of General Motors. The Sloan Foundation makes grants to support or ...

and the

Josiah Macy, Jr. Foundation The Josiah Macy Jr. Foundation, or Macy Foundation, is a philanthropic foundation founded in 1930 by Kate Macy Ladd (1863–1945) in honor of her father, Josiah W. Macy Jr. The current president is Holly Humphrey, MD, MACP. History Since 19 ...

Personal life

Gilbert was the son of diplomat

Seymour Parker Gilbert Seymour Parker Gilbert (October 13, 1892 - February 23, 1938) was an American lawyer, banker, politician and diplomat. He is chiefly known for being Agent General for Reparations to Germany, from October 1924 to May 1930. Afterwards, in 1931, ...

. Following the death of his father, Gilbert's mother married

Harold Stanley Harold Stanley (October 2, 1885 – May 14, 1963) was an American businessman and one of the founders of Morgan Stanley in 1935. For 20 years, he ran Morgan Stanley until he left the firm in 1955. Early life Stanley was born in Great Barring ...

, one of the founders of

Henry Sturgis Morgan Henry Sturgis Morgan Sr. (October 24, 1900 – February 8, 1982) was an American banker, known for being the co-founder of Morgan Stanley and the president and chairman of the Morgan Library & Museum. Early life and education Morgan was b ...

, the other founder, was Gilbert's godfather. Gilbert attended Buckley School and

Hotchkiss School The Hotchkiss School is a coeducational University-preparatory school#North America, preparatory school in Lakeville, Connecticut, United States. Hotchkiss is a member of the Eight Schools Association and Ten Schools Admissions Organization. It i ...

and graduated from

Yale University Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wo ...

in 1956 and served in the

United States Army The United States Army (USA) is the land service branch of the United States Armed Forces. It is one of the eight U.S. uniformed services, and is designated as the Army of the United States in the U.S. Constitution.Article II, section 2, cla ...

until 1959. With his wife Gail Auchincloss, he had three children. His son, S. Parker Jr., known as Parker; a daughter, Lynn Tudor; and another son, the writer David Gilbert; as well as eight grandchildren. On May 27, 2015, Gilbert died in New York City at the age of 81 from

chronic obstructive pulmonary disease Chronic obstructive pulmonary disease (COPD) is a type of progressive lung disease characterized by long-term respiratory symptoms and airflow limitation. The main symptoms include shortness of breath and a cough, which may or may not produce ...

.http://hereisthecity.com/en-gb/2015/05/28/ex-morgan-stanley-boss-dies-aged-81/

References

External links

Morgan Stanley Chairman to Retire

Book Excerpt
from '' Blue Blood & Mutiny: The Fight for the Soul of Morgan Stanley'' by Patricia Beard
The Group of Eight

Bloomberg TV Interview with James Gorman, John Mack & Parker Gilbert
1933 births Businesspeople from New York City Yale University alumni 2015 deaths Morgan Stanley employees 20th-century American businesspeople Buckley School (New York City) alumni Hotchkiss School alumni {{US-business-bio-1930s-stub