340:, and in 1986 donated $ 7 million to found centers for cancer research and treatment at the hospital. Later he donated an additional $ 8 million. The Derald H. Ruttenberg Treatment Center at Mount Sinai gives outpatient care to patients with all types of cancer other than breast cancer, and with benign hematologic conditions. It specializes in hematologic cancers such as leukemia, lymphoma, multiple myeloma, and myeloproliferative disorders. Ruttenberg gave a donation to Yale Law School, which thoroughly restored and renovated its Wall Street wing, renamed Ruttenberg Hall. He also endowed the Derald H. Ruttenberg Professorial Lectureship at Yale Law School in 1993.
231:
firms. He avoided publicity and focused on basic industries where he saw hidden potential, such as foundries and private manufacturers. In the 1960s and 1970s
Ruttenberg was one of the larger players during a wave of corporate acquisitions, and built up a large and liquid personal portfolio. He moved
244:
In 1967 Ruttenberg arranged the merger between
Studebaker and Worthington. He took the risk of buying Studebaker despite the liabilities that came with it, including dealer warranties and union agreements. He saw that Onan generators and STP engine additives were healthy businesses. The large tax
245:
loss was also valuable. Worthington was expected to continue to earn steady profits, but could use the tax loss to avoid paying taxes. The combined 1966 gross revenues of the two companies had been $ 672 million, with net income of $ 24.5 million. Studebaker was acquired by
252:
In
January 1969 Ruttenberg became president and chief executive officer. He was determined to weed out all poorly performing units. He pushed the operating subsidiaries to maximize returns to shareholders, reportedly demanding returns as high as 25% - 30%. The
280:
Ruttenberg became chairman and chief executive officer of
Studebaker-Worthington in 1971. McGraw-Edison purchased Studebaker-Worthington in 1978. Ruttenberg left the company in 1980. McGraw-Edison was in turn acquired by Cooper Industries in 1985.
947:
332:
gained effective control of 40% of the company. Ruttenberg became a board member. In 1982 he became chairman of his family's investment firm, Tinicum Inc. His son Eric later succeeded him in this position.
321:
in 1978. Fortsmann took to heart the principle that
Ruttenberg had defined when he said, "I have a reputation, it's all I have, and I don't want to lose that reputation."
343:
Derald H. Ruttenberg died at Mount Sinai from complications of lung cancer on 19 September 2004, aged 88. He was survived by his wife, Janet, and four children.
932:
317:. After the two had left, Ruttenberg suggested that Forstmann could do the same himself. Ruttenberg arranged funding for Forstmann, who launched the LBO firm
269:
as a public corporation, listed on the
American Stock Exchange. Worthington had acquired the air conditioning manufacturer Climatrol Air Coils Ltd. of
601:
207:
in 1942. He served in the U.S. Air Force during World War II (1939–1945) and served in Europe in the U.S. Strategic
Bombing Survey. He received an
937:
155:(17 February 1916 – 19 September 2004) was a lawyer who became a deal maker, organizing large industrial mergers. He arranged the merger of
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in
November 1970. Fedders was mainly interested in the brand, product designs and sales force, and shut down the manufacturing facilities.
223:
After being discharged, he practiced law in
Chicago. He then became owner of a number of privately held industrial companies in the
257:
Products
Division, a railway locomotive manufacturer, became a victim of Ruttenberg's drive for profit. The locomotive factory in
942:
734:
From Steam to Diesel: Managerial Customs and Organizational Capabilities in the Twentieth-Century American Locomotive Industry
168:
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From 1980 to 1982 Ruttenberg was chairman of the Madison Fund, an investment fund. After a financial reconstruction of the
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purchased the diesel engine business in February 1970. Early in 1969 Studebaker-Worthington floated
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227:. He borrowed the money to make his purchases, using methods that foreshadowed
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167:. He provided the financing for the Derald H. Ruttenberg Cancer Center at
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792:
807:
May, Peter W.; Davis, Kenneth L.; Martin, John D. (21 September 2004).
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University of Wisconsin–Madison College of Letters and Science alumni
560:
289:
While at Studebaker-Worthington, Ruttenberg was a member of the
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Caloren, Fred; Chossudovsky, Michel; Gingrich, Paul (1978).
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297:, where he played golf. One of his golfing partners was
868:"Studebaker, Worthington Vote Merger Despite Antitrust"
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Ruttenberg was successfully treated at Mount Sinai for
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633:"Derald H. Ruttenberg, 88, Quiet Deal Maker, Dies"
313:. Kravis and Kohlberg proposed what they called a
680:Barbarians at the Gate: The Fall of RJR Nabisco
536:
524:
372:
205:Harvard University Graduate School of Business
653:More Than They Promised: The Studebaker Story
8:
761:The Partnership: The Making of Goldman Sachs
677:Burrough, Bryan; Helyar, John (2009-10-13).
585:Alumni and Endowment Funds: Yale Law School
788:Yale University Financial Report 1996–1997
40:
29:
498:Caloren, Chossudovsky & Gingrich 1978
474:Caloren, Chossudovsky & Gingrich 1978
458:
232:to New York where he became chairman of
191:, graduating in 1937. He went on to the
602:"About the Ruttenberg Treatment Center"
512:
485:
356:
301:, who arranged for Ruttenberg to meet
707:Is the Canadian Economy Closing Down?
631:Bayot, Jennifer (21 September 2004).
561:About the Ruttenberg Treatment Center
407:
395:
163:, and for some time ran the combined
7:
933:20th-century American businesspeople
548:
419:
573:Facilities - Other: Yale University
432:Studebaker, Worthington Vote Merger
179:He was born on 17 February 1916 in
25:
791:. Yale University. Archived from
46:Derald H. Ruttenberg in 1999, by
758:Ellis, Charles D. (2008-10-07).
731:Churella, Albert (1998-08-03).
938:Harvard Business School alumni
737:. Princeton University Press.
319:Forstmann Little & Company
169:Mount Sinai Hospital, New York
1:
928:20th-century American lawyers
845:"Studebaker History Timeline"
656:. Stanford University Press.
886:Weir, William (2008-02-01).
617:"Alumni and Endowment Funds"
373:May, Davis & Martin 2004
650:Bonsall, Thomas E. (2000).
444:Studebaker History Timeline
27:American lawyer (1916–2004)
964:
537:Burrough & Helyar 2009
525:Burrough & Helyar 2009
273:, in 1966. It was sold to
261:, was closed in 1969, and
91:Mount Sinai Medical Center
889:History of the Weir Group
39:
710:. Black Rose Books Ltd.
328:in 1981, Ruttenberg and
809:"RUTTENBERG, DERALD H."
311:Kohlberg Kravis Roberts
263:White Motor Corporation
199:in 1940, then earned a
189:University of Wisconsin
161:Worthington Corporation
943:Yale Law School alumni
785:"Facilities - Other".
240:Studebaker-Worthington
165:Studebaker-Worthington
122:Studebaker-Worthington
849:StudebakerHistory.com
828:. STP. Archived from
291:Deepdale Country Club
259:Schenectady, New York
234:I-T-E Circuit Breaker
872:The Montreal Gazette
764:. Penguin Group US.
153:Derald H. Ruttenberg
34:Derald H. Ruttenberg
18:Derald H. Ruttenberg
551:, pp. 144–145.
209:honorable discharge
195:where he earned an
874:. 16 November 1967
637:The New York Times
181:Lafayette, Indiana
73:Lafayette, Indiana
52:The New York Times
899:978-1-86197-886-8
892:. Profile Books.
771:978-1-4406-4443-6
744:978-1-4008-2268-3
717:978-0-919618-81-7
690:978-0-06-180403-8
683:. HarperCollins.
663:978-0-8047-3586-5
619:. Yale Law School
271:Oakville, Ontario
229:leveraged buy-out
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83:19 September 2004
16:(Redirected from
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315:leveraged buyout
309:of the start-up
225:American Midwest
133:Janet Ruttenberg
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307:Jerry Kohlberg
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118:Known for
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87:(aged 88)
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855:on 2013-10-21
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832:on 2013-10-23
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826:"STP History"
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795:on 2012-10-26
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604:. Mount Sinai
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459:Churella 1998
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876:. Retrieved
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857:. Retrieved
853:the original
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834:. Retrieved
830:the original
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797:. Retrieved
793:the original
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775:. Retrieved
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748:. Retrieved
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721:. Retrieved
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640:. Retrieved
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621:. Retrieved
606:. Retrieved
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513:Bonsall 2000
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303:Henry Kravis
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285:Later career
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219:Early career
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152:
151:
146:, and Hattie
142:John, Eric,
85:(2004-09-19)
923:2004 deaths
918:1916 births
486:STP History
295:Long Island
175:Early years
113:Businessman
102:Nationality
912:Categories
878:2013-10-22
859:2013-10-21
836:2013-10-22
817:2013-10-29
799:2013-10-29
777:2013-10-29
750:2013-10-22
723:2013-10-22
696:2013-10-29
669:2013-10-22
642:2013-10-29
623:2013-10-29
608:2013-10-29
408:Ellis 2008
396:Bayot 2004
347:References
326:Weir Group
213:lieutenant
185:philosophy
157:Studebaker
110:Occupation
65:1916-02-17
549:Weir 2008
420:Weir 2008
352:Citations
236:in 1967.
215:in 1945.
203:from the
338:lymphoma
139:Children
105:American
594:Sources
275:Fedders
187:at the
896:
768:
741:
714:
687:
660:
129:Spouse
124:merger
211:as a
144:Kathy
894:ISBN
766:ISBN
739:ISBN
712:ISBN
685:ISBN
658:ISBN
305:and
255:Alco
197:LL.B
159:and
80:Died
59:Born
293:on
267:STP
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63:(
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