William H. Donaldson has spent more than 40 years at the highest levels of business, government and academia. Until June 30, 2005 he served as the 27th Chairman of the Securities and Exchange Commission. As SEC Chairman, Mr. Donaldson was the chief regulator of America's securities markets and chief enforcer of the nation's securities laws. His tenure marked the greatest period of activity of the Agency since its founding in 1934. He is currently Chairman of Donaldson Enterprises, a private investment firm and is a member of President Obama's Economic Recovery Advisory Board (PERAB).
Prior to heading the SEC, Mr. Donaldson was Chairman, President and Chief Executive Officer of Aetna, Inc. one of the nation's largest providers of health insurance and related benefits, and before that he served as Chairman and Chief Executive of the New York Stock Exchange. Earlier in his career, he was the Co-Founder, Chairman and Chief Executive Officer of the investment banking firm of Donaldson, Lufkin & Jenrette (DLJ) and helped found its wholly owned subsidiary the Alliance Capital Management Corporation. He was selected as Business Man of the Year by the Associated Press when DLJ became the first NYSE firm to sell its shares to the public.
He left DLJ to accept a Presidential appointment as United States Undersecretary of State under Secretary Henry Kissinger and subsequently served as Counsel to the then Vice President of the United States, Nelson Rockefeller. Following that, he was the Founding Dean and William S. Beinecke Professor of Management at the Yale University School of Management.
He has been a director of fourteen publicly held corporations and a number of privately held businesses. He has served as Chairman of the Carnegie Endowment for International Peace and on the boards of numerous philanthropic, arts and educational institutions, among them The Ford Foundation, Lincoln Center for the Performing Arts and Yale University. He has received a number of honorary degrees and awards.
Earlier in his career, Mr. Donaldson, served as a first lieutenant in the U.S. Marine Corps in the Far Eastern Theatre (Japan - Korea), as a rifle platoon commander and later as aide-de-camp to the Commanding General of the 1st Provisional Marine Air Ground Task Force.
He graduated from Yale University (BA American Studies) and received an MBA (with distinction) from Harvard Graduate School of Business Administration, and is a Chartered Financial Analyst (CFA).
He is married to Jane Phillips Donaldson and is the father of three children: He resides in New York City and Waccabuc, NY.
William Donaldson travels from United States
Topic SynopsesThe Economy, Regulation and the Road Ahead
Widely considered to have been an aggressive advocate for reform and regulation during his tenure as chairman of the SEC, William Donaldson continues to be a strong voice for regulatory overhaul in the financial markets. Mr. Donaldson's experience not only provides unique insight into the current economic crisis, but into the challenges the U.S. faces as it works to stabilize the economy, including the Wall Street bailout package and the regulation of derivatives and credit default swaps, and what the months ahead will bring to bear for the U.S. and abroad.
Bringing his extensive experience in the securities and financial services industries, William Donaldson speaks about the demands for sound corporate governance and ethical leadership in an increasingly complex corporate and regulatory environment.
In this speech, Mr. Donaldson outlines a conceptual and practical approach to managerial leadership, defining the power of a 'leader/ entrepreneur' vs. a 'manager/administrator'.
Mr. Donaldson reflects on the actions of the SEC while he served as Chairman during the agency's most historic era since its creation in 1934. He talks about the Commission's response to the corporate scandals that eroded investor confidence and the political and corporate efforts that sought to dilute the SEC's reforms.