329:, and in 1986 donated $ 7 million to found centers for cancer research and treatment at the hospital. Later he donated an additional $ 8 million. The Derald H. Ruttenberg Treatment Center at Mount Sinai gives outpatient care to patients with all types of cancer other than breast cancer, and with benign hematologic conditions. It specializes in hematologic cancers such as leukemia, lymphoma, multiple myeloma, and myeloproliferative disorders. Ruttenberg gave a donation to Yale Law School, which thoroughly restored and renovated its Wall Street wing, renamed Ruttenberg Hall. He also endowed the Derald H. Ruttenberg Professorial Lectureship at Yale Law School in 1993.
220:
firms. He avoided publicity and focused on basic industries where he saw hidden potential, such as foundries and private manufacturers. In the 1960s and 1970s
Ruttenberg was one of the larger players during a wave of corporate acquisitions, and built up a large and liquid personal portfolio. He moved
233:
In 1967 Ruttenberg arranged the merger between
Studebaker and Worthington. He took the risk of buying Studebaker despite the liabilities that came with it, including dealer warranties and union agreements. He saw that Onan generators and STP engine additives were healthy businesses. The large tax
234:
loss was also valuable. Worthington was expected to continue to earn steady profits, but could use the tax loss to avoid paying taxes. The combined 1966 gross revenues of the two companies had been $ 672 million, with net income of $ 24.5 million. Studebaker was acquired by
241:
In
January 1969 Ruttenberg became president and chief executive officer. He was determined to weed out all poorly performing units. He pushed the operating subsidiaries to maximize returns to shareholders, reportedly demanding returns as high as 25% - 30%. The
269:
Ruttenberg became chairman and chief executive officer of
Studebaker-Worthington in 1971. McGraw-Edison purchased Studebaker-Worthington in 1978. Ruttenberg left the company in 1980. McGraw-Edison was in turn acquired by Cooper Industries in 1985.
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321:
gained effective control of 40% of the company. Ruttenberg became a board member. In 1982 he became chairman of his family's investment firm, Tinicum Inc. His son Eric later succeeded him in this position.
31:
310:
in 1978. Fortsmann took to heart the principle that
Ruttenberg had defined when he said, "I have a reputation, it's all I have, and I don't want to lose that reputation."
332:
Derald H. Ruttenberg died at Mount Sinai from complications of lung cancer on 19 September 2004, aged 88. He was survived by his wife, Janet, and four children.
306:. After the two had left, Ruttenberg suggested that Forstmann could do the same himself. Ruttenberg arranged funding for Forstmann, who launched the LBO firm
258:
as a public corporation, listed on the
American Stock Exchange. Worthington had acquired the air conditioning manufacturer Climatrol Air Coils Ltd. of
590:
196:
in 1942. He served in the U.S. Air Force during World War II (1939–1945) and served in Europe in the U.S. Strategic
Bombing Survey. He received an
144:(17 February 1916 – 19 September 2004) was a lawyer who became a deal maker, organizing large industrial mergers. He arranged the merger of
833:
921:
266:
in
November 1970. Fedders was mainly interested in the brand, product designs and sales force, and shut down the manufacturing facilities.
212:
After being discharged, he practiced law in
Chicago. He then became owner of a number of privately held industrial companies in the
246:
Products
Division, a railway locomotive manufacturer, became a victim of Ruttenberg's drive for profit. The locomotive factory in
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From Steam to Diesel: Managerial Customs and Organizational Capabilities in the Twentieth-Century American Locomotive Industry
886:
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From 1980 to 1982 Ruttenberg was chairman of the Madison Fund, an investment fund. After a financial reconstruction of the
605:
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79:
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purchased the diesel engine business in February 1970. Early in 1969 Studebaker-Worthington floated
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216:. He borrowed the money to make his purchases, using methods that foreshadowed
30:
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156:. He provided the financing for the Derald H. Ruttenberg Cancer Center at
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May, Peter W.; Davis, Kenneth L.; Martin, John D. (21 September 2004).
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937:
University of Wisconsin–Madison College of Letters and Science alumni
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While at Studebaker-Worthington, Ruttenberg was a member of the
855:
773:
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Caloren, Fred; Chossudovsky, Michel; Gingrich, Paul (1978).
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692:
486:
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243:
185:
497:
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286:, where he played golf. One of his golfing partners was
857:"Studebaker, Worthington Vote Merger Despite Antitrust"
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Ruttenberg was successfully treated at Mount Sinai for
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622:"Derald H. Ruttenberg, 88, Quiet Deal Maker, Dies"
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302:. Kravis and Kohlberg proposed what they called a
402:
898:
367:
669:Barbarians at the Gate: The Fall of RJR Nabisco
795:
665:
525:
513:
361:
194:Harvard University Graduate School of Business
642:More Than They Promised: The Studebaker Story
750:The Partnership: The Making of Goldman Sachs
666:Burrough, Bryan; Helyar, John (2009-10-13).
574:Alumni and Endowment Funds: Yale Law School
777:Yale University Financial Report 1996–1997
29:
487:Caloren, Chossudovsky & Gingrich 1978
463:Caloren, Chossudovsky & Gingrich 1978
228:
719:
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221:to New York where he became chairman of
180:, graduating in 1937. He went on to the
813:
638:
591:"About the Ruttenberg Treatment Center"
501:
474:
899:
290:, who arranged for Ruttenberg to meet
746:
696:Is the Canadian Economy Closing Down?
620:Bayot, Jennifer (21 September 2004).
619:
550:About the Ruttenberg Treatment Center
396:
384:
152:, and for some time ran the combined
922:20th-century American businesspeople
874:
537:
408:
562:Facilities - Other: Yale University
421:Studebaker, Worthington Vote Merger
168:He was born on 17 February 1916 in
13:
14:
948:
780:. Yale University. Archived from
35:Derald H. Ruttenberg in 1999, by
747:Ellis, Charles D. (2008-10-07).
720:Churella, Albert (1998-08-03).
273:
207:
927:Harvard Business School alumni
726:. Princeton University Press.
308:Forstmann Little & Company
163:
158:Mount Sinai Hospital, New York
1:
917:20th-century American lawyers
834:"Studebaker History Timeline"
645:. Stanford University Press.
335:
875:Weir, William (2008-02-01).
606:"Alumni and Endowment Funds"
362:May, Davis & Martin 2004
7:
639:Bonsall, Thomas E. (2000).
433:Studebaker History Timeline
16:American lawyer (1916–2004)
10:
953:
526:Burrough & Helyar 2009
514:Burrough & Helyar 2009
262:, in 1966. It was sold to
250:, was closed in 1969, and
80:Mount Sinai Medical Center
878:History of the Weir Group
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117:
106:
98:
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68:
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699:. Black Rose Books Ltd.
317:in 1981, Ruttenberg and
798:"RUTTENBERG, DERALD H."
300:Kohlberg Kravis Roberts
252:White Motor Corporation
188:in 1940, then earned a
178:University of Wisconsin
150:Worthington Corporation
932:Yale Law School alumni
774:"Facilities - Other".
229:Studebaker-Worthington
154:Studebaker-Worthington
111:Studebaker-Worthington
838:StudebakerHistory.com
817:. STP. Archived from
280:Deepdale Country Club
248:Schenectady, New York
223:I-T-E Circuit Breaker
861:The Montreal Gazette
753:. Penguin Group US.
142:Derald H. Ruttenberg
23:Derald H. Ruttenberg
540:, pp. 144–145.
198:honorable discharge
184:where he earned an
863:. 16 November 1967
626:The New York Times
170:Lafayette, Indiana
62:Lafayette, Indiana
41:The New York Times
888:978-1-86197-886-8
881:. Profile Books.
760:978-1-4406-4443-6
733:978-1-4008-2268-3
706:978-0-919618-81-7
679:978-0-06-180403-8
672:. HarperCollins.
652:978-0-8047-3586-5
608:. Yale Law School
260:Oakville, Ontario
218:leveraged buy-out
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72:19 September 2004
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304:leveraged buyout
298:of the start-up
214:American Midwest
122:Janet Ruttenberg
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58:17 February 1916
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182:Yale Law School
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37:Bill Cunningham
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518:
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296:Jerry Kohlberg
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107:Known for
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76:(aged 88)
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844:on 2013-10-21
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821:on 2013-10-23
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815:"STP History"
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784:on 2012-10-26
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593:. Mount Sinai
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448:Churella 1998
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172:. He studied
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865:. Retrieved
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846:. Retrieved
842:the original
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819:the original
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782:the original
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595:. Retrieved
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292:Henry Kravis
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274:Later career
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208:Early career
167:
141:
140:
135:, and Hattie
131:John, Eric,
74:(2004-09-19)
912:2004 deaths
907:1916 births
475:STP History
284:Long Island
164:Early years
102:Businessman
91:Nationality
901:Categories
867:2013-10-22
848:2013-10-21
825:2013-10-22
806:2013-10-29
788:2013-10-29
766:2013-10-29
739:2013-10-22
712:2013-10-22
685:2013-10-29
658:2013-10-22
631:2013-10-29
612:2013-10-29
597:2013-10-29
397:Ellis 2008
385:Bayot 2004
336:References
315:Weir Group
202:lieutenant
174:philosophy
146:Studebaker
99:Occupation
54:1916-02-17
538:Weir 2008
409:Weir 2008
341:Citations
225:in 1967.
204:in 1945.
192:from the
327:lymphoma
128:Children
94:American
583:Sources
264:Fedders
176:at the
885:
757:
730:
703:
676:
649:
118:Spouse
113:merger
200:as a
133:Kathy
883:ISBN
755:ISBN
728:ISBN
701:ISBN
674:ISBN
647:ISBN
294:and
244:Alco
186:LL.B
148:and
69:Died
48:Born
282:on
256:STP
903::
859:.
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494:^
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160:.
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52:(
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