Douglas A. Warner III
Sandy Warner at GE
Born	June 9, 1946 Cincinnati, Ohio
Occupation	Banker
Spouse	Patricia Grant

Douglas 'Sandy' Warner (born June 9, 1946 as Douglas Alexander Warner III but widely known as "Sandy") is a American banker who joined Morgan Guaranty Trust Company of New York out of college in 1968 as an officer's assistant and rose through the ranks to become chairman of the board of J.P. Morgan & Co. Inc. in 2000. Among his many accomplishments, Warner may be best remembered for spearheading the 2000 sale of J P Morgan & Co. to Chase Manhattan Bank for $30.9 billion. 1946 (MCMXLVI) was a common year starting on Tuesday. ... Nickname: The Queen City Location in Hamilton County, Ohio, USA Coordinates: Country United States State Ohio County Hamilton Founded 1788 Incorporated 1819 Mayor Mark L. Mallory (D) Area    - City 206. ... Image File history File links Flag_of_the_United_States. ... For other uses, see Bank (disambiguation). ... June 9 is the 160th day of the year in the Gregorian calendar (161st in leap years), with 205 days remaining. ... 1946 (MCMXLVI) was a common year starting on Tuesday. ... For other uses, see Bank (disambiguation). ... The phrase Chairman of the Board has several meanings: Chairman of the Board is the term used to denote the leader of a corporations board of directors. ... J.P. Morgan Chase & Co. ... The Chase Manhattan Bank, now part of JP Morgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. ...

Biography

Early life

Douglas Alexander Warner III was born on June 9, 1946 in Cincinnati, Ohio as the eldest son to Douglas Alexander Warner Jr. and Eleanor (Wright) W. Warner. He has a brother, Gordon, and a sister, Marjorie.^[1] Warner came from money, growing up in the high-toned suburb of Indian Hill in a family with a certain social standing locally. For example, Warner's father served as a trustee of the Cincinnati Music Hall Association and Art Museum and chaired the United Appeal one year. Warner's grandfather (and namesake) ran his own insurance firm and was active in local golfing circles. Grandmother Warner was the daughter of a wealthy Cincinnati entrepreneur named J. Stacey Hill, who was the president of a then- prominent thousand room Cincinnati hotel named Hotel Gibson.^[2] June 9 is the 160th day of the year in the Gregorian calendar (161st in leap years), with 205 days remaining. ... 1946 (MCMXLVI) was a common year starting on Tuesday. ... Nickname: The Queen City Location in Hamilton County, Ohio, USA Coordinates: Country United States State Ohio County Hamilton Founded 1788 Incorporated 1819 Mayor Mark L. Mallory (D) Area    - City 206. ... The Village of Indian Hill is a city located in Hamilton County, Ohio, and is the affluent suburb of the Greater Cincinnati area. ... Music Hall in Cincinnati, Ohio was built in 1878 with private funds from what is believed to be the nations first matching grant fund drive. ... History The Cincinnati Art Museum was founded in 1881 and opened in 1886. ... An entrepreneur (a loanword from French) is a person who undertakes and operates a new enterprise or venture and assumes some accountability for the inherent risks. ...

"The Quad" of the Hill School

In 1960 at the tender age of 14, Warner's family shipped Warner a thousand miles away from his home in Ohio to The Hill School - an American boarding school for boys and girls in grades nine through twelve in Pottstown, Pennsylvania. The Hill School is the same school Warner's father graduated from in 1937.^[3] While a student at The Hill, Warner played junior hockey 1960-61, junior varsity (JV) hockey 1961-62, and varsity hockey 1962-64.^[3] Warner graduated from The Hill School in 1964, the same year as Academy Award-winning producer/director Oliver Stone. Image File history File links The_Quadrangle. ... Image File history File links The_Quadrangle. ... The Hill School (The Hill) is an American boarding school for boys and girls in grades nine through twelve. ... Pottstown is a borough in Montgomery County in the U.S. state of Pennsylvania. ... Hockey is any of a family of sports in which two teams compete by trying to maneuver a ball, or a hard, round disc called a puck, into the opponents net or goal, using a stick, known as a hockey stick. ... The references in this article would be clearer with a different and/or consistent style of citation, footnoting or external linking. ... Oliver Stone William Oliver Stone (born September 15, 1946), known simply as Oliver Stone, is an Academy Award-winning American film director and screenwriter. ...

Education and career

From The Hill School, Warner applied to Yale University. Coming from a wealthy family and a prestigious boarding school and having genes that give stature merely from being tall, Warner additionally had another unearned advantage over other Yale applicants as Yale was the same school attended by Warner's father and uncle.^[2] In 1964, Warner enter Yale University at the age of 18 as a pre-med student.^[4] At age 18, Warner was of draft age but most likely held a 2-S (college deferment) Selective Service System classification as a student at Yale University. During his time at Yale, Warner became friends with the future President George W. Bush through then-Yale ice hockey player Roland W. Betts - now owner of the multimillion dollar Chelsea Piers Sports & Entertainment Complex.^[5][6] This friendship would prove valuable as President Bush later named Warner as a financial adviser to President-elect Bush's transition team in 2000.^[5][7] Yale redirects here. ... This stylistic schematic diagram shows a gene in relation to the double helix structure of DNA and to a chromosome (right). ... Yale redirects here. ... A pre-medical Degree is one preparing for medical school. ... The United States has employed conscription (mandatory military service, also called the draft) several times, usually during war but also during the nominal peace of the Cold War. ... The Selective Service System is the means by which the United States administers military conscription. ... George Walker Bush (born July 6, 1946) is an American businessman and politician, was elected in 2000 as the 43rd President of the United States of America, re-elected in 2004, and is currently serving his second term in that office. ... Roland Betts (right) with US President George W. Bush in Jackson Hole, Wyoming, February 9, 2002 Roland Whitney Betts (1946, Laurel Hollow, Long Island) is an investor, film producer, developer, and owner of Chelsea Piers in New York City. ... The archway is the only remaining identifiable piece of the Cunard Pier 54 The Lusitania at Pier 54 Chelsea Piers and Lusitania about 1910 The Carpathia at Pier 54 after the Titanic rescue The Chelsea Pier entertainment and sports complex in May 2006 The Chelsea Piers were the luxury liner... A President-elect is a candidate who has officially been elected President, but who has not yet acceded to his Office, as it is still occupied by the out-going President. ...

Vietnamese village after an attack

Yale medical school Coat of Arms

At the peak of the Vietnam war upheaval in the United States in May 1968, Warner graduated from Yale University with a B.A. degree and intended to go to Yale medical school after leaving Yale undergraduate. Without a college deferment, Warner most likely would have been classified as 1-A, that is to say, classified as available immediately for military service. For example, President Bush was classified as 1-A on Bush's graduation from Yale in May 1968 and was accepted into the Texas Air National Guard at the height of the ongoing Vietnam War. Image File history File links Burning_Viet_Cong_base_camp. ... Image File history File links Burning_Viet_Cong_base_camp. ... Combatants Republic of Vietnam United States Republic of Korea Thailand Australia New Zealand The Philippines National Front for the Liberation of South Vietnam Democratic Republic of Vietnam People’s Republic of China Democratic Peoples Republic of Korea Strength US 1,000,000 South Korea 300,000 Australia 48,000... Yale redirects here. ... A Bachelor of Arts (B.A. or A.B., from the Latin Artium Baccalaureus) is an undergraduate academic degree awarded for a course or program in the arts and/or sciences. ... The Yale School of Medicine is a private medical school located in New Haven, Connecticut. ... The Selective Service System is the means by which the United States administers military conscription. ... George Walker Bush (born July 6, 1946) is an American businessman and politician, was elected in 2000 as the 43rd President of the United States of America, re-elected in 2004, and is currently serving his second term in that office. ... Shield of the United States Air National Guard In the US military, the Air National Guard (ANG), as part of the National Guard, is the organized militia of a particular US state and is a reserve of the US Air Force (USAF), too. ... Combatants Republic of Vietnam United States Republic of Korea Thailand Australia New Zealand The Philippines National Front for the Liberation of South Vietnam Democratic Republic of Vietnam People’s Republic of China Democratic Peoples Republic of Korea Strength US 1,000,000 South Korea 300,000 Australia 48,000...

With the Vietnam war and Yale medical school choices facing Warner, Warner looked to a third option based on advice from his father, an insurance man from Cincinnati, Ohio. Warner's father advised Warner to go into business to develop some "breadth"^[8] and subsequently Warner entered the management training program at Morgan Guaranty Trust Company in New York City.^[9] At that time, Morgan Guaranty Trust Company was a wholly-owned subsidiary of J.P. Morgan Chase & Co. (formerly J.P. Morgan & Co. Incorporated). Over the next seven years, Warner rapidly advanced from officer's assistant (1968-1970), through assistant treasurer (1970-1972) and assistant Vice President (1972-1975), to Vice President in 1975.^[1] Nickname: The Queen City Location in Hamilton County, Ohio, USA Coordinates: Country United States State Ohio County Hamilton Founded 1788 Incorporated 1819 Mayor Mark L. Mallory (D) Area    - City 206. ... Nickname: Big Apple, City that never Sleeps Location in the state of New York Coordinates: Country United States State New York Boroughs Bronx (The Bronx) New York (Manhattan) Queens (Queens) Kings (Brooklyn) Richmond (Staten Island) Mayor Michael Bloomberg (R) Area    - City 1,214. ... JPMorgan Chase & Co. ... JPMorgan Chase & Co. ...

On May 13, 1977, Warner married Patricia G. Grant and produced four children, Alexander, Katherine, Michael, and Alice (deceased), and now, along with Patricia's brother Thomas, are residents of Locust Valley, N.Y.^{[1][3][10][11]} May 13 is the 133rd day of the year in the Gregorian Calendar (134th in leap years). ... For the album by Ash, see 1977 (album). ... Locust Valley is a census-designated place located in Nassau County, New York, USA. As of the 2000 census, the CDP had a total population of 3,521. ...

The Tower of London, built by William the Conqueror in the 11th century.

In 1983, at age 37, Warner was transferred to London, England and was named Senior Vice President.^[12] First, Warner was in charge of United Kingdom and Scandinavian banking operations and then became the head of oil and gas lending for the region.^[8] In becoming the general manager of the London office and Morgan's senior executive in the United Kingdom in 1986, Warner received extensive experience in U.S. and international corporate finance.^[1] Download high resolution version (1417x1296, 233 KB)Tower of London, seen from the river, with a view of Traitors Gate, created by Viki Male 17/09/03 16:38  ©  This image is copyrighted. ... Download high resolution version (1417x1296, 233 KB)Tower of London, seen from the river, with a view of Traitors Gate, created by Viki Male 17/09/03 16:38  ©  This image is copyrighted. ... The Tower of London, seen from the River Thames, with a view of the water gate called Traitors Gate. ... William I ( 1027 – September 9, 1087), was King of England from 1066 to 1087. ... London (pronounced ) is the capital city of England and the United Kingdom(coming from Roman Londinium ). An important settlement for around two millennia, London is today one of the worlds most important business and financial centres, [1] and its involvement in politics, culture, education, entertainment, media, fashion, sport and... Motto: (French for God and my right) Anthem: Multiple unofficial anthems Capital London Largest city London Official language(s) English (de facto) Unification    - by Athelstan AD 927  Area    - Total 130,395 km² (1st in UK)   50,346 sq mi  Population    - 2005 est. ... Scandinavian can mean: a resident of, or anything relating to Scandinavia any North Germanic language a chess opening, Scandinavian Defense the aviation corpotation Scandinavian Airlines System (SAS) This is a disambiguation page — a navigational aid which lists pages that might otherwise share the same title. ... Corporate finance is a specific area of finance dealing with the financial decisions corporations make and the tools as well as analyses used to make these decisions. ...

In 1987, Warner was promoted to Executive Vice President and returned to New York city to take charge of North American and South American corporate finance and, later that year, of the entire group worldwide.^[1][13] World map showing North America A satellite composite image of North America. ... South America South America is a continent crossed by the equator, with most of its area in the Southern Hemisphere. ... Corporate finance is a specific area of finance dealing with the financial decisions corporations make and the tools as well as analyses used to make these decisions. ... The World in Plate Carrée Projection In English, world is rooted in a compound of the obsolete words were, man, and eld, age; thus, its oldest meaning is Age of Man. ...

In 1989, Warner became Managing Director of the Morgan Guaranty Trust Company and elected president and a director in 1990.^[14] After rising through the ranks in various positions in London and New York, Warner succeeded Dennis Weatherstone in 1995 as Morgan's youngest CEO ever at age 49.^[4][13] From 1995 to 2000, Warner served as chairman and chief executive officer. In 1999, Warner was ranked 14th of the "25 Highest Paid Banking Executives in 1999" with a total compensation for the year of US$9,916,151.^[15] In 2000, Warner was mentioned as a possible candidate for President Bush's Treasury secretary along with Enron head Kenneth Lay and a few others.^[16] However, Warner was elevated to chairman of the board of J.P. Morgan Chase & Co., The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, NY in 2000 and serve there until his retirement on September 7, 2001.^[14] Instead, President Bush named Warner as a financial adviser to President-elect Bush's transition team in 2000.^[5] London (pronounced ) is the capital city of England and the United Kingdom(coming from Roman Londinium ). An important settlement for around two millennia, London is today one of the worlds most important business and financial centres, [1] and its involvement in politics, culture, education, entertainment, media, fashion, sport and... Official language(s) English de facto Capital Albany Largest city New York City Area  Ranked 27th  - Total 54,520 sq mi (141,205 km²)  - Width 285 miles (455 km)  - Length 330 miles (530 km)  - % water 13. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Enron Corporation was an American energy company based in Houston, Texas. ... Kenneth Lee Ken Lay (April 15, 1942 – July 5, 2006), was an American businessman, best known for his role in the widely-reported corruption scandal that led to the downfall of Enron Corporation. ... JPMorgan Chase & Co. ... The Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. ... New York, New York redirects here. ... September 7 is the 250th day of the year (251st in leap years). ... 2001: A Space Odyssey. ... George Walker Bush (born July 6, 1946) is an American businessman and politician, was elected in 2000 as the 43rd President of the United States of America, re-elected in 2004, and is currently serving his second term in that office. ... A President-elect is a candidate who has officially been elected President, but who has not yet acceded to his Office, as it is still occupied by the out-going President. ...

2000 merger and retirement

Warner may be best remembered for spearheading the sale of J P Morgan & Co. to Chase Manhattan Bank through its then CEO William Harrison for $30.9 billion.^[17] The Chase Manhattan Bank, now part of JP Morgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... William B. Harrison, Jr. ...

In retirement, Warner is a director of Anheuser-Busch Companies, Inc. and Motorola, Inc., a member of the Board of Counselors of The Bechtel Group, Inc., chairman of the Board of Managers and the Board of Overseers of Memorial Sloan-Kettering Cancer Center, serves as the Chair of the General Electric Audit committee, and serves on both the General Electric Nominating committee and Corporate Governance and Management Development and Compensation committee.^[14] Warner is a member of the Business Council, a trustee of the Pierpont Morgan Library, and a member of the Committee to Encourage Corporate Philanthropy (CECP).^[18] In between such retirement, Warner enjoys golf, skiing, and shooting as a member of Links Club, River Club, Meadowbrook Club (Long Island, New York), and Augusta National Golf Club.^[1][19] Anheuser-Busch NYSE: BUD Anheuser-Busch, based in St. ... Motorola (NYSE: MOT) is an American international communications company based in Schaumburg, Illinois, a Chicago suburb. ... Bechtel Corporation (Bechtel Group) is the largest engineering company in the United States. ... The Memorial Sloan-Kettering Cancer Center in New York is a treatment and research institution founded in 1884 as the New York Cancer Hospital. ... GE redirects here. ... The Pierpont Morgan Library, originally the private library of J. P. Morgan, was converted to a public institution in 1924 as a memorial by his son, John Pierpont Morgan, Jr. ... River Club is a leafy residentially-zoned suburb in Region 3 near Sandton, South Africa. ... Augusta National Golf Club, a private golf club in Augusta, Georgia, is one of the most famous and exclusive golf clubs in the world and is considered Bobby Joness masterpiece. ...

Business legacy

Analysts say that Mr. Warner was a key figure throughout the 1980s and 1990s in the transformation of J.P. Morgan from a commercial bank to an investment banking firm. For example, J.P. Morgan was the first commercial bank since the 1930s to be granted the power to underwrite debt and equity securities. Under Warner, the firm ended lifelong job security as a result of a 1998 restructuring. One of his biggest cultural marks on J.P. Morgan was the creation of the "House Arrest" group, a dozen or so senior executives who met monthly to discuss management issues.^[4] In banking, underwriting is the detailed credit analysis preceding the granting of a loan, based on credit information furnished by the borrower, such as employment history, salary, and financial statements; publicly available information, such as the borrowers credit history, which is detailed in a credit report; and the lender... Secured debt is that category of debt in which a creditor has been granted a portion of the bundle of rights to specified property. ... A stock, also referred to as a share, is commonly a share of ownership in a corporation. ...

Philanthropy

• A loyal Hill School Annual Fund donor, Warner funded the Douglas A. Warner Chapel Program Fund in honor of his father, the late Douglas A. Warner Jr. '37. Warner has also served The Hill School as a term and corporate trustee. Warner gave $100,000 to have the ice hockey rink replaced. ^[3][20]
• Warner is a member of the Business Council, a trustee of the Pierpont Morgan Library, and a member of the Committee to Encourage Corporate Philanthropy (CECP).^[18]

The Hill School (The Hill) is an American boarding school for boys and girls in grades nine through twelve. ... The Pierpont Morgan Library, originally the private library of J. P. Morgan, was converted to a public institution in 1924 as a memorial by his son, John Pierpont Morgan, Jr. ...

Awards

Warner receiving the 2001 Leadership Award from The Hill School

In 1998, Warner was an invited Gordon Grand Fellow lecturer at Yale University,^[9] and in 2001, he was awarded the Leadership Award from The Hill School. As an alumnus of The Hill School, Warner had proven himself "to be an exemplary leader and true role model for students in his vocation."^[21] The Hill School (The Hill) is an American boarding school for boys and girls in grades nine through twelve. ... Yale redirects here. ...

Footnotes and references

Marquis Whos Who is a U.S. publication listing biographical information on notable people. ... November 2 is the 306th day of the year (307th in leap years) in the Gregorian Calendar, with 59 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... September 27 is the 270th day of the year (271st in leap years) in the Gregorian calendar. ... 2001: A Space Odyssey. ... American Banker is a daily newspaper covering the financial services industry. ... January 3 is the 3rd day of the year in the Gregorian calendar. ... 2001: A Space Odyssey. ... April 4 is the 94th day of the year in the Gregorian calendar (95th in leap years). ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... The New York Times is an internationally known daily newspaper published in New York City and distributed in the United States and many other nations worldwide. ... May 29 is the 149th day of the year in the Gregorian calendar (150th in leap years). ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... November 3 is the 307th day of the year (308th in leap years) in the Gregorian Calendar, with 58 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... April 19 is the 109th day of the year in the Gregorian calendar (110th in leap years). ... This article is about the year 2000. ... October 26 is the 299th day of the year (300th in leap years) in the Gregorian Calendar, with 66 days remaining. ... November 2 is the 306th day of the year (307th in leap years) in the Gregorian Calendar, with 59 days remaining. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... The New York Times is an internationally known daily newspaper published in New York City and distributed in the United States and many other nations worldwide. ... December 21 is the 355th day of the year (356th in leap years) in the Gregorian calendar. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... November 2 is the 306th day of the year (307th in leap years) in the Gregorian Calendar, with 59 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... November 2 is the 306th day of the year (307th in leap years) in the Gregorian Calendar, with 59 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... The Financial Times (FT) is an international business newspaper printed on distinctive salmon pink broadsheet paper. ... September 10 is the 253rd day of the year (254th in leap years). ... 1983 (MCMLXXXIII) was a common year starting on Saturday of the Gregorian calendar. ... September 16 is the 259th day of the year (260th in leap years). ... 1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ... November 2 is the 306th day of the year (307th in leap years) in the Gregorian Calendar, with 59 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... May 18 is the 138th day of the year in the Gregorian Calendar (139th in leap years). ... This article is about the year 2000. ... The New York Post is the 13th-oldest[citation needed] newspaper published in the United States and the oldest to have been published continually as a daily. ... March 9 is the 68th day of the year in the Gregorian Calendar (69th in Leap years). ... This article is about the year 2000. ... December 14 is the 348th day of the year (349th in leap years) in the Gregorian Calendar. ... This article is about the year 2000. ... September 14 is the 257th day of the year in the Gregorian calendar (258th in leap years). ... This article is about the year 2000. ... The New York Times is an internationally known daily newspaper published in New York City and distributed in the United States and many other nations worldwide. ... November 2 is the 306th day of the year (307th in leap years) in the Gregorian Calendar, with 59 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... September 27 is the 270th day of the year (271st in leap years) in the Gregorian calendar. ... For album titles with the same name, see 2002 (album). ... USA Today is a national American newspaper published by the Gannett Corporation. ... November 2 is the 306th day of the year (307th in leap years) in the Gregorian Calendar, with 59 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... November 2 is the 306th day of the year (307th in leap years) in the Gregorian Calendar, with 59 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

See also

• Biography

// Today, films and television programs surrounding the lives of famous people are a major part of the entertainment industry. ...

External links

• Douglas Warner III, Distinguished Lecture Series Photo Gallery
• The Hill School - Leadership / Sixth Form Leadership Award
• The following article has a most in-depth information on Warner: Teitelman, Robert. (March 1996). Institutional Investor. Morgan enters the Warner era. (J.P. Morgan and Co. under the leadership of Chairman Sandy Warner)(Cover Story). Volume 30; Issue 3; Pg. 26.