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Ceo Of Rockefeller & Co., Dead In Apparent Suicide

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James S. McDonald, CEO of Rockefeller & Co., dead in apparent suicide at 56

Sam GustinSam Gustin RSS Feed

Sep 15th 2009 at 10:40AM

James S. McDonald, the CEO of money-management firm Rockefeller & Co., died Sunday from an apparently self-inflicted wound. McDonald, who also sat on the board of the NYSE Euronext, the giant stock exchange, was 56 years old. In a statement obtained by the Wall Street Journal Monday night, Barclay McFadden III, who called himself a friend of McDonald's family, said McDonald "took his own life," and said the family would have no further comment.

McDonald's apparent suicide came less than one week after Finn M. W. Casperson, the former chairman and CEO of Beneficial Corp. and another prominent financial figure, was found dead from a single, self-inflicted gunshot wound to the head near his own home in Westerly, Rhode Island.

The circumstances surrounding McDonald's passing were still unclear Tuesday morning, though he is believed to have taken his own life in New Bedford, Mass. Reached by DailyFinance, a detective with the New Bedford police department was unable to provide further details.

Colin Campbell, Chairman of Rockefeller & Co., which began as the "family office" of legendary industrialist John D. Rockefeller, issued a statement saying, "Jim McDonald was an exceptional individual who provided strong leadership of Rockefeller & Co. for over eight years. He will be missed by all of us privileged to have known and worked with him."

McDonald had been CEO of the New York-based Rockefeller & Co., which was originally founded in 1882 to manage the assets of Standard Oil tycoon John D. Rockefeller and his family, since 2001. Today, the firm has some $28 billion under management for clients that include foundations, endowments, and private investors. Rockefeller & Co. doesn't disclose the performance of its investment portfolio.

McDonald graduated from Harvard University and earned a law degree from University of Virginia. Prior to joining Rockefeller & Co., he ran Pell, Rudman Trust Co. in Boston. McDonald was also chairman of the Japan Society in New York.

Richard Adamonis, a spokesman for NYSE Euronext where Mr. McDonald had served on the board of directors since 2003, issued the following statement: "The NYSE Euronext community mourns the loss and offers our deepest condolences to the family, friends and colleagues of Jim McDonald, an outstanding and accomplished individual who served our capital markets and NYSE Euronext with great commitment and integrity."

http://www.dailyfinance.com/2009/09/15/jam...in-apparent-su/

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Suicide is the easy way out.

feckin cowards.Come and face justice like a man.

I have just the thing for blair.......

Electric-Chair-thumb-220x330.jpg

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Suicide is the easy way out.

feckin cowards.Come and face justice like a man.

I have just the thing for blair.......

Electric-Chair-thumb-220x330.jpg

Suicide? Maybe he lost someone a lot of money and made them very angry.

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How does depopulation via banker suicide affect the inflation/deflation debate?

These things are important to know, a dead ceo is like taking 1% out of GDP in pension entitlements alone.

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Suicide is the easy way out.

feckin cowards.Come and face justice like a man.

I have just the thing for blair.......

Electric-Chair-thumb-220x330.jpg

Blair's too quick - he'd notice the whoopee cushion straight away

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Guest BoomBoomCrash

Excellent stuff, another banksta self terminates. May the pain of his death haunt those that cared for this scumbag until the time that they join him.

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McDonald, 56, was found with a single gunshot wound in his

car near a strip mall in Dartmouth, Massachusetts on Sunday

afternoon. Police are still investigating.

"The preliminary investigation concludes that this was an

apparent suicide," said Gregg Miliote, a spokesman for Bristol

County District Attorney Sam Sutter.

McDonald was credited with growing Rockefeller & Co, the

New York-based family office established by oil tycoon John D.

Rockefeller in 1882 to manage the dynasty's assets, into a

broader investment management company with roughly $28 billion

in assets.

Known as a perfectionist who drove himself and his

employees hard, McDonald lived in New York City where people

who worked with him said he was equally at home in corporate

boardrooms and the city's most exclusive social circles.

Friends described McDonald, who earned degrees from

Harvard and the University of Virginia, as a brilliant thinker

who grasped difficult concepts quickly and had a vision to

expand the company.

Several people who knew him professionally said on Tuesday

that they were shocked by the news, noting they had no

knowledge about any specific problems at Rockefeller & Co that

might have prompted the death.

A spokesman at the Securities and Exchange Commission

declined to comment on whether McDonald or the firm was facing

any inquiries.

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