Howard Stein

Howard Stein

Howard Stein (born circa 1926Staff report (January 16, 1983). Dreyfus bets on the Lion Again. "New York Times"] Robert Lenzner (November 19, 1987). The Dreyfus Lion Roars: Leader of Mutual Fund Titan Sees Opportunity Where Others See Trouble. "Boston Globe"] ) is an American financier who is widely considered one of the fathers of the mutual fund industry.

Stein was Chairman and CEO of Dreyfus Corporation for more than 30 years. When Stein started at Dreyfus in 1955 it had approximately 2 million dollars in assets. Before the sale in 1994 this had grown to 90 Billion dollars. Dreyfus was sold to Mellon Bank Corporation in 1994 for $1.8 billion. Stein retired after the sale.

Dreyfus Third Century Fund was one of the first funds to combine socially conscious objectives with financial criteria. Created by Stein in 1972 and named for the coming national bicentennial, the fund has been influential in shaping similar philosophically-oriented investments.

Stein's progressive politics made him a target of Richard Nixon, and Stein was one of the people on Nixon's enemies list.

In 1988 Stein served on the The Brady Commission, also known as the Presidential Task Force on Market Mechanisms, created by President Ronald Reagan to investigate the stock market crash of October 19th, 1987, or Black Monday [The New York Times, February 14, 1988, Sunday, Late City Final Edition] .

In 1999 Stein started Joy of Giving Something, Inc. (JGS, Inc.), a not-for-profit philanthropic corporation dedicated to the photographic arts.

References

External links

* [http://www.dreyfus.com Dreyfus Corporation website]
* [http://www.jgsinc.org Joy of Giving Something, Inc. website]


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