"Group of Eight" Biographies
The "Group of Eight" comprises eight former senior executives of Morgan Stanley, who are also significant shareholders of the Firm. The group is united in its strong support of Morgan Stanley and is concerned for the Firm's future.
Please click on the links below to read full biographies of the Group of Eight and the group's history of leadership at Morgan Stanley.
Anson M. Beard, Jr.
Anson M. Beard, Jr., joined Morgan Stanley & Co. in 1977 as a Vice President to found Private Client Services (PCS). He was promoted to Principal in 1979 and Managing Director in 1980. In January 1981, he was put in charge of the Firm's Equity Division, responsible for sales and trading relationships with institutional and individual investors of all equity and related products worldwide.
Mr. Beard was the former Chairman of Morgan Stanley Security Services Inc., a subsidiary of Morgan Stanley Group, which engaged in stock borrowing/lending, customer and dealer clearance, international settlements and custody. He served as a Trustee of the Morgan Stanley Foundation, and was a member of the Management Committee and the Inside Board of Directors of Morgan Stanley Group. He served as Vice Chairman of the National Association of Securities Dealers and was Chairman of its NASDAQ Inc. subsidiary.
Mr. Beard is a Trustee of the John A. Hartford Foundation in NYC; The Brandywine Conservancy in Chadds Ford, PA and Wheaton College in Norton, MA (also former Chairman).
Mr. Beard is also a Director of BKF Capital Corp in NYC (NYSE-BKF).
In February, 1994, Mr. Beard retired and became an Advisory Director of Morgan Stanley.
Mr. Beard was born in New York City on March 31, 1936. He graduated with a B.A. in American Studies from Yale University in 1958 and attended New York University Graduate School of Business. Prior to joining Morgan Stanley Mr. Beard spent four years as a junior lending officer at Citibank (1958-1962); then was at Laird, Inc. for eleven years (1962-1973) and three years as Chief Operating Officer at Donaldson, Lufkin & Jenrette Securities Corp. (1974-1977).
Mr. Beard resides in Greenwich, Connecticut and has three grown children -- Ashley, Anson H. and James M.
Lewis W. Bernard
Lewis W. Bernard was a member of Morgan Stanley's Board of Directors and its Management Committee and a Managing Director with oversight for administration, finance operations, technology and strategic planning until his retirement in 1991. During his 30-year career with the Firm, Mr. Bernard was a director of corporate finance, investment banking and fixed income. In addition, Mr. Bernard established the commodity, foreign exchange and prime brokerage businesses.
Since his retirement, Mr. Bernard has engaged primarily in not-for-profit activities. At present, he is Chairman of the Board for the American Museum of Natural History and Classroom, Inc. and is a Trustee of the Andrew W. Mellon Foundation and a Director of Marsh and McLennan Companies.
In the past, Mr. Bernard has also held positions as Chairman of the John and Mary Markle Foundation, Vice Chairman of the J. Paul Getty Trust and Director of the Harvard Management Corporation.
Richard A. Debs
Richard A. Debs is an Advisory Director of Morgan Stanley and a member of its International Advisory Board. He joined Morgan Stanley in 1976 as the founding President of Morgan Stanley International to develop the investment bank's international business, now a major part of its global activities. Before that, he was the Chief Operating Officer of the Federal Reserve Bank of New York, where he also served as an Alternate Member of the Federal Open Market Committee.
Through his consulting firm, R.A. Debs & Co., formed in 1988 after he retired as President, Mr. Debs has been involved in a variety of business and philanthropic activities. Among other business associations, he has served as Chairman of the Malaysia Fund; as a Director of IBJ Whitehall Bank, Mizuho Corporate Bank (USA), Aubrey G. Lanston & Co., Mizuho Securities USA, and Gulf International Bank (London)'; and as an advisor to the Industrial Bank of Japan, Dai-Ichi Mutual Life Insurance Company, the Nissho-Iwai Corporation, and Bank Julius Baer.
Mr. Debs is Chairman of the Board of the American University of Beirut. He is Chairman Emeritus of Carnegie Hall and continues to serve on its Executive Committee. He also serves as a trustee of the Carnegie Endowment for International Peace, the Institute of International Education, and the Federation of Protestant Welfare Agencies.
He is past Chairman and a member of the New York Stock Exchange International Committee; the U.S. Chairman of the Bretton Woods Commission; the Vice Chairman of the U.S. -- Saudi Business Council; and a member of the Group of Thirty and Chairman of its Study Group on Eastern Europe. He has served on the National Commission on the Public Service, the Carnegie Commission on the Role of the Multinational Development Banks, the Reuters Carnegie Global Public Policy Group, the Russian-American Bankers Forum, and the Board of Governors of the Foreign Policy Association; and on advisory committees of the Federal Reserve Bank of New York; the World Bank; the international Monetary Fund; the European Bank for Reconstruction and Development; as well as visiting committees of Princeton and Harvard Universities. He is a member of the Council on Foreign Relations; the Overseas Development Council; the Economic Club of New York; the American Council on Germany; the Japan Society, and the Fulbright Association and the first recipient of its Lifetime Achievement Award.
During his 16 years at the Federal Reserve, he served as a member of the FOMC Committee on Foreign Currency, and the Committee on International Banking. He was also Chairman of the Federal Reserve -- Treasury Committee on Fiscal Agency Operations, which under his direction created the first book-entry system for securities in 1970. He also served as an Advisor on the United States delegations to the IMF and IBRD annual meetings.
He graduated summa cum laude from Colgate University in 1952, and holds an M.A. and a Ph.D. from Princeton, where he was a Ford Foundation Fellow. A member of the New York Bar, he is a graduate of the Harvard Law School as well as of the Advanced Management Program at the Harvard Business School. He was a Fulbright Scholar in Egypt, where he subsequently held a joint Harvard-Princeton research fellowship.
Mr. Debs is married to Dr. Barbara Knowles Debs, former President of Manhattanville College and of The New York Historical Society.
Joseph G. Fogg, III
Joseph G. Fogg, III is the Chairman and CEO of Westbury Capital Partners L.L.C., a Long Island based late stage venture capital firm. Mr. Fogg founded Westbury in 1994. Previously, he was a Senior Managing Director at Morgan Stanley & Co., Inc. While at Morgan Stanley, Mr. Fogg served in various capacities, including founding member and head of the Mergers and Acquisitions Department; the Corporate Finance Department; and ultimately as head of Morgan Stanley's worldwide investment banking operations. As head of Morgan Stanley's 1,000-person Investment Banking division, he oversaw the operations of 16 offices on four continents and was a member of Morgan Stanley's Management Committee.
In 1990, Mr. Fogg founded Princes Gate Investors L.P., a $750 million private equity investment partnership managed by Morgan Stanley, and presently serves as Co-Chairman of the Investment Committee for Princes Gate Investors IV. He currently serves as an Advisory Director of Morgan Stanley.
Mr. Fogg serves on the Board of Directors of seven Westbury high technology portfolio companies: Mr. Fogg also serves as a Director of 407 ETR Concession Company Ltd. -- The Metropolitan Toronto Toll Road; and Pardee Resources Co. (managers and developers of national resource properties). He is also a Director of The Yale University Art Gallery, Vice Chairman of the Keewaydin Foundation and is a member of the Yale Development Board.
Long active in Republican politics, Mr. Fogg served as National Finance Chairman of Robert Dole for President in 1988, National Vice Chairman of Phil Gramm for President in 1994, and Finance Chairman of the New York State Republican Party.
Mr. Fogg earned his BA in Economics from Yale College in 1968 and his MBA from the Harvard Business School in 1970, where he was a George F. Baker Scholar.
S. Parker Gilbert
S. Parker Gilbert served as Chairman of Morgan Stanley Group, Inc. from January 1, 1984, through December 31, 1990. Mr. Gilbert joined Morgan Stanley in 1960 and was elected a partner of the Firm in 1969. He was a Managing Director since the Firm's incorporation in 1970 and a member of the Firm's Management Committee, the executive group managing the Firm's affairs, since the group was formed in 1974. He was elected President in 1983.
Mr. Gilbert was born in New York City on November 15, 1933. He earned a BA degree from Yale University in 1956 and subsequently served in the U.S. Army until 1959.
Mr. Gilbert served as a member of the Board of Directors of the following corporations:
Burlington Resources, 1990-2001; ITT Corporation, 1991-1995; ITT Industries, 1995-1999; Morgan Stanley Group Inc., 1986-1997; the New York Stock Exchange, 1986-1990; Taubman Centers, Inc., 1992-2004.
Mr. Gilbert currently serves on the Board of Directors of Bessemer Securities Corporation since his election in 2001.
Mr. Gilbert also serves on the Board of Trustees of the following not-for-profit organizations:
Pierpont Morgan Library, Trustee, 1987, President, 1988; Metropolitan Museum of Art, Trustee, 1991, Vice Chairman, 1999; Alfred P. Sloan Foundation, 1986; Josiah Macy, Jr. Foundation, 1985.
Robert G. Scott
Robert G. Scott was President and Chief Operating Officer of Morgan Stanley until December 2003. He continues as an Advisory Director of the company. Mr. Scott was a member of the Morgan Stanley senior management team, which structured the 1997 merger with Dean Witter Discover, as well as head of the Morgan Stanley transition team for the merger. Mr. Scott was named Chief Financial Officer of Morgan Stanley Dean Witter at the time of the merger and became President and Chief Operating Officer in 2001.
Mr. Scott joined Morgan Stanley in 1970 and became a Managing Director in 1979. Prior to the merger, Mr. Scott held a number of positions with worldwide responsibility including, Director of Investment Banking from 1994 to 1996, Director of Corporate Finance from 1992 to 1994 and Director of Capital Market Services from 1985 to 1992.
Mr. Scott is a trustee of Williams College. Mr. Scott served as a member of the Advisory Council of the Stanford University Graduate School of Business from 1997-2003. Mr. Scott was the co-chair of the 2003 U.S. Japan Private Sector/Government Commission and is a board member of the Japan Society. Mr. Scott is also a member of the Board of Trustees of the New York Presbyterian Hospital, Chairman of the American Museum of Fly Fishing and Executive Vice President of the Greater New York Council of the Boy Scouts of America.
Mr. Scott was born in Montclair, New Jersey in 1946. He received his Bachelor's degree in Economics from Williams College in 1968, and his MBA from the Stanford University Graduate School of Business in 1970.
Mr. Scott has five children. Mr. Scott and his wife Karen live in New York City. He is an avid fly fisherman, golfer and downhill skier.
Frederick B. Whittemore
Frederick B. Whittemore has been an Advisory Director since 1989. He joined Morgan Stanley in 1958, and was elected a partner of the Firm in 1967 and became a Managing Director in 1970 when the Firm incorporated. He eventually became Chairman of Morgan Stanley's several mutual funds, totaling $3.5 billion under management, from 1990 to 1997.
Mr. Whittemore was born in Pembroke, New Hampshire on November 12, 1930. He earned a B.A. degree from Dartmouth College in 1953 and a M.B.A. degree from Amos Tuck School of Business Administration in 1954. He served in the U.S. Navy from 1954 to 1957.
Mr. Whittemore has served various roles in the Securities Industry Association: Chairman, National Syndicate Committee, 1972; Governor, American Stock Exchange, 1977-1984 and its Vice Chairman, 1982-1984; President, Bond Club of New York, 1981; International President of Pacific Basin Economic Corporation (PBEC), 1984; Chairman of the United States National Committee for Pacific Economic Corporation (a State Department Advisory Committee), 1986-1992. He is currently a Director of Southern Pacific Petroleum; and a Former Director of Dome Petroleum and Key Pharmaceutical Corporation.
Mr. Whittemore is serving or has served on the following charity boards:
Center for Strategic and International Studies (CSIS); Former Chairman of the Board, Amos Tuck School of Business Administration, NH; Buckley School, NY; Wharton School, PA; Kimball Union Academy, NH; Whittemore School of Business Administration, University of New Hampshire, NH; Chairman, American Australian Educational Foundation, NY; Aspen Institute, Executive and Finance Committees; Brick Presbyterian Church; and Trustee, American Association of the Royal Academy Trust.
John H. T. Wilson
John H. T. Wilson joined Morgan Stanley in 1960 and was elected a partner of the Firm in 1969 and a Managing Director in 1973. He served in several capacities with the Firm including Co-Head of the Investment Banking division. In February, 1993, Mr. Wilson became an Advisory Director.
Mr. Wilson was born in Charlotte, North Carolina, on May 24, 1934. He earned a B.A. degree from Princeton University in 1956 and a M.B.A. degree from Harvard Business School in 1960. He served in the U.S. Army from 1956 to 1958.
He is a Trustee of Environmental Defense; a Trustee of Greenwich Hospital, Greenwich and a Director of Classroom, Inc. He is also a Trustee of the Doris Duke Charitable Foundation.