Stephen M. Peck

Stephen M. Peck (February 2, 1935 – March 30, 2004) was an American investor and philanthropist who co-founded the asset management firm, Weiss, Peck & Greer.

Stephen M. Peck
BornFebruary 2, 1935
New York City, US
DiedMarch 30, 2004 (age 69)
EducationFieldston School
University of Pennsylvania
OccupationInvestor
Philanthropist
Known forCo-founder of Weiss, Peck & Greer
Spouse(s)Barbara Rubin Peck (div.)
Judith Stern Peck
Children3 (and 3 stepchildren)

Early life and education

Stephen Martin Peck was born to a Jewish family on February 2, 1935 in New York City.[1][2][3] He was the third child and only son of Helen (née Stark) and Barney Peck, a partner in a Wall Street brokerage firm and member of the New York Stock Exchange. Barney Peck, who began his career as a runner for Herrick, Berg and Co., was committed to youth charities and an active supporter of Camp Williams, which provided free vacations to underprivileged children.[3][4]

Peck graduated from the Fieldston School in New York and with a bachelor's degree in economics from the Wharton School of Business at the University of Pennsylvania.[2]

Career

In 1956, aged 21 and still attending college, Peck became the youngest ever member of the New York Stock Exchange when his father bought him a seat.[5] They then worked together at the specialist firm which became known as Barney Peck & Son.[4] After his father died unexpectedly just a year later,[4] Peck formed S.M. Peck & Company, with his mother Helen serving as a limited partner.[6]

In 1970, Peck co-founded the private investment firm Weiss, Peck & Greer with Philip Greer and brothers Roger and Stephen H. Weiss.[2] Weiss Peck offered investment-management, private equity, venture-capital and clearing services. With assets under management in excess of $16.5 billion, it was acquired by Dutch asset manager Robeco in 1998.[7] In 1971, at age 36, Peck was named vice chairman of the New York Stock Exchange's board of governors.[2] In 1985, he joined Saul Steinberg at the insurance company Reliance Group Holdings as the firm's chief investment officer.[2] Throughout his career Peck served on numerous corporate boards including those of Tiger International Inc. and Advance Auto Parts, the company led by his college roommate Nicholas F. Taubman.[8][9]

Philanthropy

Peck was a distinguished philanthropist. He served on the boards of Mount Sinai Medical Center for more than 30 years, including six years as chairman.[2] From 1985 to 1992, he served as chairman of the board of the Jewish Theological Seminary of America.[2] He was an active benefactor of his alma mater Wharton, and a leading supporter of the UJA-Federation of New York, serving as a longtime board member and chair of its Wall Street Division. Together with his wife Judy, Peck also led the revitalization of the prominent Manhattan synagogue B'nai Jeshurun starting in the 1980s.[2][1]

Personal life

Peck married twice. He had three children from his first marriage to Barbara Rubin Peck:[10] Bradford Peck, Jennifer Peck, and Suzanne Peck; and three stepchildren from his second marriage to Judith Stern Peck (previously married to Leonard N. Stern): Andrea Stern, Emanuel Stern, and Edward Stern.[2] Jennifer Peck was married to Craig Barnett, a son of Victor Barnett and Helaine M. Barnett. They divorced.[3] All of his children and stepchildren are active in the Jewish faith.[3] Peck and his wife Judy resided at The Dakota in Manhattan and in East Hampton.[11] Peck died after complications resulted from a heart procedure on March 30, 2004. His funeral was held at B'nai Jeshurun.[2]

References
  1. "Paid Notice: Deaths Peck, Stephen M." The New York Times. April 1, 2004.
  2. Tavernese, Sabrina (April 1, 2004). "Stephen M. Peck, 69, Investor And Mount Sinai Philanthropist". The New York Times.
  3. Haber, Perry (July 23, 1998). "Paid Notice: Oral History of Stephen M. Peck - interviewed by Perry Haber (click "object" for mpg or transcript)". Center for Jewish History.
  4. "Barney Peck, 56, Of Stock Concern" (PDF). The New York Times. October 28, 1957.
  5. "Big Board Has a New Youngest Member; He's Just 21 and Still Going to School" (PDF). The New York Times. March 9, 1956.
  6. "New Exchange Firm Planned" (PDF). The New York Times. December 22, 1957.
  7. Dow Jones Newswires (May 8, 1998). "Robeco Moves Into U.S. Market With Weiss, Peck & Greer Buy". The Wall Street Journal.
  8. "Dual Position Filled at Tiger". The New York Times. August 29, 1985.
  9. "Advance Auto Parts Expands Board of Directors". Advance Auto Parts. February 1, 2002.
  10. "Barbara Rubin Bride of Stephen M. Peck" (PDF). The New York Times. May 30, 1958.
  11. "Doing the Townhouse Flip". The New York Post. October 22, 2000.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.