William Allen Schreyer was chairman emeritus and former CEO of Merrill Lynch & Co died he was , 83.. He is also a past president of Pennsylvania State University's Board of Trustees.| (January 13, 1928 - January 22, 2011) |
Early life and career
William Schreyer was born in Williamsport, Pennsylvania on January 13, 1928. His father managed the local office of a stock brokerage that Merrill Lynch later acquired. While in high school, Schreyer worked at the firm part time. Schreyer then attend Penn State, where he joined Sigma Phi Epsilon fraternity and graduated in 1948. After graduating college, he worked at Merrill Lynch as a junior executive trainee. He became the head of the Trenton, New Jersey office in 1963, eventually becoming the New York metropolitan regional director in 1972. The next year, he was appointed the head of the company's government securities subsidiary. Schreyer became President of the firm in 1982 and then Chairman and CEO in 1985. [1]Philanthropy
In 1997, he and his wife, Joan (Legg), endowed the Schreyer Honors College at Pennsylvania State University (whence he graduated, class of 1948) with a gift of $30 million. The honors college was created in 1980 as the University Scholars Program. On November 17, 2006, the Schreyers pledged an additional gift of $25 million to the Schreyer Honors College. Having contributed more than $58 million to Penn State, they are the largest family donors in the school's history.[2]In March 2007, Schreyer and his wife gifted $5 million toward Princeton HealthCare System's proposed Plainsboro hospital to fund a state-of-the-art community and professional education center.
In August 2007, Schreyer donated $5 million to the education foundation of the Sigma Phi Epsilon fraternity, of which he is an alumnus.
William Schreyer died on the morning of January 22, 2011 after battling an undisclosed illness for some time.[3]
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