Willard C. Butcher
Encyclopedia
Willard Carlisle Butcher (born October 25, 1926, in Bronxville, New York
) worked for Chase Manhattan Bank
for 43 years and was its chief executive officer
for the last ten before retiring.
He graduated from Brown University
Phi Beta Kappa in 1948. Butcher worked his way up from branch manager to head of Chase's international division, before being promoted in 1972 to president at the age of 46. In 1981, he was hand-picked by David Rockefeller
to succeed him as CEO. Rockefeller said of him in Memoirs, "It's a pleasure to work with Bill". During his tenure, the bank suffered serious losses due to a series of bad loans; the company's board asked Butcher to step down early in favor of his president and chief operating officer, Thomas G. Labrecque.
Bronxville, New York
Bronxville is an affluent village within the town of Eastchester, New York, in the United States. It is a suburb of New York City, located approximately north of midtown Manhattan in southern Westchester County. At the 2010 census, Bronxville had a population of 6,323...
) worked for Chase Manhattan Bank
Chase Manhattan Bank
JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking subsidiary of financial services firm JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000...
for 43 years and was its chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
for the last ten before retiring.
He graduated from Brown University
Brown University
Brown University is a private, Ivy League university located in Providence, Rhode Island, United States. Founded in 1764 prior to American independence from the British Empire as the College in the English Colony of Rhode Island and Providence Plantations early in the reign of King George III ,...
Phi Beta Kappa in 1948. Butcher worked his way up from branch manager to head of Chase's international division, before being promoted in 1972 to president at the age of 46. In 1981, he was hand-picked by David Rockefeller
David Rockefeller
David Rockefeller, Sr. is the current patriarch of the Rockefeller family. He is the youngest and only surviving child of John D. Rockefeller, Jr. and Abby Aldrich Rockefeller, and the only surviving grandchild of oil tycoon John D. Rockefeller, founder of Standard Oil. His five siblings were...
to succeed him as CEO. Rockefeller said of him in Memoirs, "It's a pleasure to work with Bill". During his tenure, the bank suffered serious losses due to a series of bad loans; the company's board asked Butcher to step down early in favor of his president and chief operating officer, Thomas G. Labrecque.