Thomas B. McCabe
Encyclopedia
Thomas Bayard McCabe a graduate of Swarthmore
, served as the chairman of the Federal Reserve from 1948-1951. He was president and CEO of Scott Paper Company
1927–1967.
. McCabe also attended Harvard Business School
.
McCabe joined Scott Paper Company after serving as a Captain in the United States Army
in World War I
. He was 26 when he joined the company, and advanced to CEO by the time he was 34. Under McCabe's leadership, Scott Paper expanded from a single mill, employing about 500 people, into a multinational giant, employing over 40,000 at 60 locations throughout the world. McCabe retired from the board of Scott Paper in 1980.
He is notable on the Swarthmore campus for his donation of the McCabe library, the central library on the campus. McCabe also funds several prestigious scholarships and fellowships for Swarthmore students and alumni.
He was awarded the Vermilye Medal in 1963.
The Regional McCabe Scholarship is the only merit-based scholarship at Swarthmore. Each year, two Regional McCabe Scholars are selected from each the Delmarva Peninsula Chester County, Montgomery County, or Delaware County in Pennsylvania. These four Regional McCabe Scholars receive a minimum of full tuition for each of their four years at Swarthmore (but more if they demonstrate financial need).
The Thomas B. McCabe Jr. and Yvonne Motley McCabe Memorial Fellowship is awarded annually to graduates of the College, and provides a grant toward an initial year of study at the Harvard Business School
, or at the University of Chicago
, Massachusetts Institute of Technology
, Northwestern University
, the University of Pennsylvania
, or Stanford University
. The McCabe Fellowship is renewable for a second year on the same program. Yvonne and Thomas B. McCabe Jr. lived in Cambridge, Massachusetts
for a time, and he received an MBA from Harvard University
, and was a visiting lecturer there. In selecting the recipient, the standards that determine the McCabe Achievement Awards are followed, giving special consideration to applicants who have demonstrated superior qualities of leadership.
Thomas B.McCabe Jr and Yvonne Motley McCabe died in a house fire in 1977 and were survived by three children; Thomas B. McCabe III, Marcia B. McCabe and Jeannette Laws MCabe. Thomas B. McCabe III died of cancer in 2002. Marcia mcCabe is married to Chris Goutman an executive producer of Soap Opera's in NYC. Jeannette Laws McCabe now Jeannette McCabe Harris married to Mark Elliott Harris works for Morgan Stanely Smith Barney in private wealth management in San Francisco, and founded The Harris Group in 2006.
Swarthmore College
Swarthmore College is a private, independent, liberal arts college in the United States with an enrollment of about 1,500 students. The college is located in the borough of Swarthmore, Pennsylvania, 11 miles southwest of Philadelphia....
, served as the chairman of the Federal Reserve from 1948-1951. He was president and CEO of Scott Paper Company
Scott Paper Company
The Scott Paper Company is a USA-based corporation which manufactures mostly paper based consumer products.Scott Paper was founded in 1879 in Philadelphia, Pennsylvania by brothers E. Irvin and Clarence Scott, and is often credited as being the first to market toilet paper sold on a roll...
1927–1967.
Biography
McCabe graduated from Swarthmore College in 1915. While attending Swarthmore, he joined the distinguished non-secret fraternity Delta UpsilonDelta Upsilon
Delta Upsilon is the sixth oldest international, all-male, college Greek-letter organization, and is the oldest non-secret fraternity in North America...
. McCabe also attended 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...
.
McCabe joined Scott Paper Company after serving as a Captain in the United States Army
United States Army
The United States Army is the main branch of the United States Armed Forces responsible for land-based military operations. It is the largest and oldest established branch of the U.S. military, and is one of seven U.S. uniformed services...
in World War I
World War I
World War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...
. He was 26 when he joined the company, and advanced to CEO by the time he was 34. Under McCabe's leadership, Scott Paper expanded from a single mill, employing about 500 people, into a multinational giant, employing over 40,000 at 60 locations throughout the world. McCabe retired from the board of Scott Paper in 1980.
He is notable on the Swarthmore campus for his donation of the McCabe library, the central library on the campus. McCabe also funds several prestigious scholarships and fellowships for Swarthmore students and alumni.
He was awarded the Vermilye Medal in 1963.
Scholarships and fellowships funded by McCabe
The National McCabe Scholarship places emphasis on ability, character, personality, leadership, and service to school and community. The amount awarded is based on a student's demonstrated financial need and all need is met with scholarship. No interviews or separate applications are required for consideration.The Regional McCabe Scholarship is the only merit-based scholarship at Swarthmore. Each year, two Regional McCabe Scholars are selected from each the Delmarva Peninsula Chester County, Montgomery County, or Delaware County in Pennsylvania. These four Regional McCabe Scholars receive a minimum of full tuition for each of their four years at Swarthmore (but more if they demonstrate financial need).
The Thomas B. McCabe Jr. and Yvonne Motley McCabe Memorial Fellowship is awarded annually to graduates of the College, and provides a grant toward an initial year of study 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...
, or at the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
, Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
, Northwestern University
Northwestern University
Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....
, the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
, or Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
. The McCabe Fellowship is renewable for a second year on the same program. Yvonne and Thomas B. McCabe Jr. lived in Cambridge, Massachusetts
Cambridge, Massachusetts
Cambridge is a city in Middlesex County, Massachusetts, United States, in the Greater Boston area. It was named in honor of the University of Cambridge in England, an important center of the Puritan theology embraced by the town's founders. Cambridge is home to two of the world's most prominent...
for a time, and he received an MBA from Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
, and was a visiting lecturer there. In selecting the recipient, the standards that determine the McCabe Achievement Awards are followed, giving special consideration to applicants who have demonstrated superior qualities of leadership.
Thomas B.McCabe Jr and Yvonne Motley McCabe died in a house fire in 1977 and were survived by three children; Thomas B. McCabe III, Marcia B. McCabe and Jeannette Laws MCabe. Thomas B. McCabe III died of cancer in 2002. Marcia mcCabe is married to Chris Goutman an executive producer of Soap Opera's in NYC. Jeannette Laws McCabe now Jeannette McCabe Harris married to Mark Elliott Harris works for Morgan Stanely Smith Barney in private wealth management in San Francisco, and founded The Harris Group in 2006.