John Virgil Lintner, Jr. (February 9, 1916 - June 8, 1983) was a professor at the Harvard Business School

Harvard Business School

Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...

 in the 1960s and one of the co-creators (1965a,b) of the Capital Asset Pricing Model

Capital asset pricing model

In finance, the capital asset pricing model is used to determine a theoretically appropriate required rate of return of an asset, if that asset is to be added to an already well-diversified portfolio, given that asset's non-diversifiable risk...

.

For a time, much confusion was created because the various economists working on this model independently failed to realize that they were saying much the same thing. They looked at the issue of capital asset valuation from different perspectives. William Sharpe

William Forsyth Sharpe

William Forsyth Sharpe is the STANCO 25 Professor of Finance, Emeritus at Stanford University's Graduate School of Business and the winner of the 1990 Nobel Memorial Prize in Economic Sciences....

, for example, approached the problem as an individual investor picking stocks. Lintner, on the other hand, approached it from the perspective of a corporation issuing shares of stock.

Lintner earned his Bachelor's degree from the University of Kansas

University of Kansas

The University of Kansas is a public research university and the largest university in the state of Kansas. KU campuses are located in Lawrence, Wichita, Overland Park, and Kansas City, Kansas with the main campus being located in Lawrence on Mount Oread, the highest point in Lawrence. The...

 in 1939. He arrived at Harvard for graduate study the next year. He quickly impressed the faculty, and in 1942 became a member of the Society of Fellows, a three-year paid fellowship with no duties except self-directed research.

Personal Life

John Lintner was born to John Virgil and Pearl Lintner in Lone Elm, KS on February 9th 1916. From his first marriage to Sylvia Change, he had two children, John Howland and Nancy Chance. From his second marriage to Eleanor Hodges, he had a stepson, Allan Hodges. He died of a heart attack while driving on June 8th 1983 in Cambridge, MA.

Education

He received A.B., in 1939 and M.A., in 1940 from University of Kansas. He also got M.A., in 1942 and Ph.D., in 1946 from Harvard University.

Positions

• 1939-40 - Instructor, Business Administration, University of Kansas, Lawrence
• 1941 - Member of Research Staff on fiscal policy, National Bureau of Economic Research, New York
• 1946-51 - Assistant Professor, Harvard University, Graduate School of Business Administration
• 1951-56 - Associate Professor, Harvard University, Graduate School of Business Administration
• 1956-64 - Professor of Business Administration, Harvard University
• 1964-83 - George Gund
  George Gund (philanthropist)
  George Gund II was an American banker, business executive, and real estate investor who lived in Cleveland, Ohio in the early and middle part of the 20th century...
  
  Professor of Economics and Business Administration, Harvard University
• 1950-83 - Member of Board of trustees, Cambridge Savings Bank
• 1975-83 - Board of director, US & Foreign securities corp, Chase of Boston Mutual Funds
• Consultant to business & government