Richard Jenrette, MBA 1957

Richard “Dick” Jenrette, HBS 1957, was a cofounder of Donaldson, Lufkin & Jenrette (DLJ). Dick brought skills in journalism and analysis to the partnership and helped establish a structure for the reports that soon set an industry standard. He also seized the opportunity to create an investment arm for DLJ, called Alliance Capital. Dick led DLJ through several transitions, including going public and being sold to Equitable Life. There he served as vice chairman in charge of all of the investment subsidiaries. He also brought Equitable Life public, the first firm in its industry to do so. Then Dick’s interests took him in a very different direction, restoring historic homes. He discussed his career highlights in a video interview at his home — the restored Baker House — in Manhattan in April 2002. Interviewer: Amy Blitz, HBS Director of Media Development for Entrepreneurial Management. Dick Jenrette died in 2018.