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.
1 Early life
3 Personal life
3.1 Activities and interests
5 External links
Stanley was born in Great Barrington, Massachusetts, the son of
William Stanley, Jr.
William Stanley, Jr. and Lila Courtney Stanley. William was an
General Electric for whom the
Stanley Works building was
named in Pittsfield, Massachusetts. He graduated from the Hotchkiss
School in 1904 and
Yale University in 1908. He was a member of the
Skull and Bones
Skull and Bones secret society.
He became a vice-president of the bond department of the Guaranty
Trust Company of New York in 1916, eventually spinning the division
off into a separate and subsidiary securities company, the Guaranty
Company, where he worked in cooperation with
J. P. Morgan, Jr.
J. P. Morgan, Jr. In
1927, Morgan invited Stanley to become a partner in his firm,
replacing Dwight Morrow, who became the United States Ambassador to
Mexico. He made his name as a leader of the investment banking
industry at J.P. Morgan, making the firm a strong player in securities
offerings and especially the bond market, particularly after the
Glass–Steagall Act separated commercial and investment banking.
In 1935, along with Henry Sturgis Morgan, J. P. Morgan's grandson and
J. P. Morgan
J. P. Morgan Jr.'s son, he helped found
Morgan Stanley to take up the
securities business that had to be given up by J. P. Morgan, and
became the firm's senior partner when it was reorganized from a
corporation to a partnership in 1941. Stanley was influential in his
testimony in the 1940s successfully defending the industry against
government charges that it was anti-competitive.
He married Edith Thurston, daughter of William Harris Thurston, in
1914. She died in 1934, and he married Louise Todd, widow of Seymour
Parker Gilbert, in 1934. He had stepchildren, but no children from
either of his marriages. He resided at 4
East 72nd Street
East 72nd Street on
Upper East Side
Upper East Side in
New York City
New York City and died in Philadelphia
Activities and interests
He was a member of the Links Club of New York, the National Golf Club,
the Racquet and Tennis Club, and the Yale Club. He was a director of
many companies including the Shell Caribbean Petroleum Corporation.
In 1940, he led the New York campaign to raise $1.5 million
(equivalent to $26,202,000 in 2017) for the United States Commission
for the Care of European Children, a private organization providing
relief to young war refugees.
^ a b "Alumni Award: PREVIOUS RECIPIENTS". The Hotchkiss School. 2004.
Archived from the original on March 10, 2015. Retrieved March 8,
^ a b c d e "Harold Stanley, 77, is Dead". The New York Times. May 15,
1963. Retrieved 12 December 2015.
^ Beard, Patricia (2008). Blue Blood and Mutiny: The Fight for the
Soul of Morgan Stanley. HarperCollins. pp. 10, 22.
Harold Stanley at politicalfriendster
New York Times obituary
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