Robert Menschel
Robert Menschel | |
|---|---|
| Born | c. 1930 (age 93–94) |
| Died | 27 May 2022[1] |
| Alma mater | Syracuse University |
| Occupation(s) | Investment banker, philanthropist |
| Spouse | Joyce Menschel |
| Relatives | Richard Menschel(brother) Ronay A. Menschel(sister-in-law) E. W. Priestap(nephew-in-law) |
Robert B. Menschel(1930–2022) was an American investment banker and philanthropist. He had a 50-year relationship withGoldman Sachsas a partner or senior director. The author of a financial book, and the winner of the 2015Carnegie Medal of Philanthropy.
Early life
[edit]Menschel was bornc. 1930.[2]His father was a real estate investor. He has a brother,Richard,who is also a Goldman Sachs senior director and philanthropist.[citation needed]
Menschel graduated fromSyracuse University'sCollege of Business Administrationin 1951.[3]
Career
[edit]Menschel began his career atGoldman Sachsin 1954.[4]When it became a public company in 1999, Menschel earned $20 million in shares.[5]He is now a (retired) senior director.[4]
Menschel is the author ofMarkets, Mobs & Mayhem: A Modern Look at the Madness of Crowds,prefaced byWilliam Safire.While presenting historical examples of societal hysteria,[6]Menschel suggests picking stocks by focusing on "value investing,[...] a strong franchise, a defined strategy that focuses on a core competency, and consistent sales and earnings. "[2]
Philanthropy and political activity
[edit]
Menschel was first elected to the board of trustees ofSyracuse Universityin 1981. There, he served as a voting trustee for more than two decades, becoming a trustee emeritus and part of a select group of honorary trustees.[7]He financially supported theLight Workphotography center, Robert B. Menschel Media Center,[8]and the Robert B. Menschel Photography Gallery.[3][9]
Since 1977, he has been at various times the chairman, president, trustee and chairman of the executive committee of theMuseum of Modern Artas well as former chairman of itsphotography committee,where he has donated 162 photographs.[10]He assisted Larry Siegel in founding theMidtown Y Photography Galleryin 1972 as a corridor gallery at theEmanu-El Midtown YM-YWHAon 14th Street.
He serves on the board of trustees of theNewYork–Presbyterian Hospital.[11]He is the namesake of The Robert B. Menschel Economics Symposium at theCouncil on Foreign Relations.[12]
With his brother, Richard, Menschel won the 2015Carnegie Medal of Philanthropy.[13]Menschel and his wife donated over $700,000 to Democrats in 2010.[14]
He is the former board president ofThe Dalton School,Chairman of the Board ofGuild Hall of East Hampton,Long Island, and a member of Bill Clinton'sPresident's Committee on the Arts and Humanities.
Personal life
[edit]Menschel's wife Joyce is the namesake of the Joyce F. Menschel Photography Library at theMetropolitan Museum of Art.[15]
References
[edit]- ^"Passing of Robert B. Menschel: Syracuse Graduate, Trustee, Philanthropist and Financial Icon | Syracuse University News".14 June 2022.
- ^abLenzner, Robert (March 18, 2003)."Menschel Doesn't Run With The Crowd".Forbes.RetrievedFebruary 16,2018.
- ^abKorey, Eileen (14 June 2022)."Passing of Robert B. Menschel: Syracuse Graduate, Trustee, Philanthropist and Financial Icon".Syracuse University News.Retrieved13 June2023.
- ^ab"Announcing the 2015 Carnegie Medal of Philanthropy Honorees".Carnegie Corporation of New York.August 25, 2015.RetrievedFebruary 17,2018.
- ^Strom, Stephanie (July 10, 2003)."Fees and Trustees: Paying the Keepers of the Cash".The New York Times.RetrievedFebruary 16,2018.
- ^"Markets, Mobs & Mayhem: A Modern Look at the Madness of Crowds".Publishers Weekly.September 9, 2002.RetrievedFebruary 16,2018.
- ^"Board of Trustees".Syracuse University.RetrievedFebruary 16,2018.
- ^"Menschel Media Center".Syracuse University Libraries.Retrieved13 June2023.
- ^"Robert B. Menschel (1929-2022): In Memoriam".Light Work.27 May 2022.Retrieved13 June2023.
- ^"The Shape of Things: Photographs from Robert B. Menschel".MoMA.RetrievedFebruary 16,2018.
- ^"Board of Trustees".NewYork–Presbyterian Hospital.RetrievedFebruary 17,2018.
- ^"The Robert B. Menschel Economics Symposium".Council on Foreign Relations.RetrievedFebruary 16,2018.
- ^"Richard L. Menschel and Robert B. Menschel".Carnegie Medal of Philanthropy.22 May 2017.RetrievedFebruary 15,2018.
- ^"Top Individual Contributors: All Federal Contributions".OpenSecrets.OpenSecrets.RetrievedFebruary 17,2018.
- ^"Joyce F. Menschel Photography Library".Metropolitan Museum of Art.RetrievedFebruary 17,2018.
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