Donald Marron

Donald B. Marron (born July 21, 1934) is an American financier, private equity investor and entrepreneur, notable as the chairman and chief executive officer of brokerage firm Paine Webber from 1980 through the sale of the company in 2000, as well as the founder of private equity firm Lightyear Capital and of Data Resources Inc.. He is the father of the economist Donald B. Marron Jr.

Career

D.B. Marron & Company

In 1959, Marron founded D.B. Marron & Company. In 1965, Marron sold his company to Mitchell Hutchins and in 1967 was named president of the company. In 1977, Mitchell Hutchins was acquired by Paine Webber.

Data Resources Inc.

In 1969 Marron co-founded Data Resources Inc. with Harvard University notable economist Otto Eckstein. DRI became the largest non-governmental source of economic data and, working with Eckstein's theory of core inflation, developed the largest macroecomonic model of its era. The company was sold to McGraw-Hill in 1979 for over $100 million.

Paine Webber