Obituary: Richard Jenrette 1929-2018

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James R Hagerty, Richard Jenrette 1929-2018; Wall Streeter Gambling on Starting a New Firm. Wall Street Journal, Apr 28, 2018.
https://www.wsj.com/articles/ric ... l-street-1524839400
http://www.paywallnews.com/life/ ... eet-.rJyeLhl6G.html

Note:
(a) The text of the print starts with "Richard Jenrette, co-founder of a Wall Street securities firm," and ends with the paragraph that begins with When he could'nt sleep."
(b)
(i) The French surname Jenrette is "variant of Jeaneret, a pet form of Jean, French form of John."
(ii) The surname Lufkin "is of early medieval English origin, and is one of the patronymic forms of the diminutive variant of the surname 'Love.' "
SurnameDB, undated.
http://www.surnamedb.com/Surname/Lufkin

(c) Brown Brothers Harriman
https://en.wikipedia.org/wiki/Brown_Brothers_Harriman_%26_Co.

(d) "In 1974, when Mr Jenrette became CEO, everything started to go wrong. * * * Oil prices and interest rates soared [the latter due to high inflation: double sigits in US].Mr Lufkin favored turning DLJ into what now would be called a private-equity firm. Mr Jenrette insisted on keeping the firm mostly intact, partly because he didn't want to lay off colleagues in troubled times.  The dogs barked, the caravan rumbled on, and DLJ survived. Equitable Life bought the firm in 1985 for about $460 million
(i) private equity (n): "finance equity in a business that is raised from private sources, as opposed to shares that can be traded publicly"
https://www.collinsdictionary.co ... lish/private-equity
(ii) private equity
https://en.wikipedia.org/wiki/Private_equity
("Bloomberg Businessweek has called private equity a rebranding of leveraged-buyout firms [due to their notoriety, as barbarians at the gate] after the 1980s. * * * In a typical leveraged-buyout transaction, a private-equity firm buys majority control of an existing or mature firm [in distress, or undervalued/ underperformed in stockmarket]. This is distinct from a venture-capital * * * in which the investors (typically venture-capital firms or angel investors) invest in young, growing or emerging companies, and rarely obtain majority control")

There is no need to read the rest of this Wiki page.

(e) "His partner in private life, William L Thompson,  died in 2013."  This means he was gay.