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Former CEO of Oppenheimer Passes Away
Donald Spiro began his career in his family's butcher shop and ended it as Chairman Emeritus of one of the largest mutual fund management companies.
Donald Spiro, who had a 37-year career with Oppenheimer Management Corporation and was named Chairman Emeritus in 2001, passed away at age 91.
Like so many older Wall Streeters, Mr. Spiro hailed from Staten Island. After serving as an Aviation Cadet in the U.S. Army Air Corps during World War II, he graduated college in 1949 with a degree in Business Administration and began his career as manager of his family's butcher shop and purveyor of marine institutional food, Capitol Market, on Staten Island.
In 1960, he joined the Dreyfus Corporation as a sales trainee. In 1962, he began his 37-year career with Oppenheimer Management Corporation (OMC), starting as a fund representative. Within 3 years, he had become Vice President for Sales. In 1968, he was promoted to general partner of the parent company, Oppenheimer & Co. He served as OMC's President, President of OMC's funds, and President of Oppenheimer & Co. From 1985 to 1991, he served as Chairman of Oppenheimer Management Corporation, and was named Chairman Emeritus upon stepping down.
Donald Spiro used his business successes to endow many philanthropic causes. Rest In Peace.
