John S.R. Shad was an investment banker, government official, and diplomat. Mr. Shad's lengthy Wall Street career began in 1949; he ultimately rose to the post of vice chairman of E.F. Hutton & Company. In 1981, President Ronald Reagan appointed Mr. Shad to the chairmanship of the United States Securities and Exchange Commission, the independent federal agency charged with protecting investors and maintaining the integrity of the securities markets. As chairman, Mr. Shad initiated efforts to reduce S.E.C regulatory requirements that he felt burdened American productivity and growth. Chairman Shad's S.E.C. was also occupied with two issues that received considerable public attention during the 1980s: hostile tender offers (or takeovers) and high-profile cases of insider trading. Mr. Shad resigned as S.E.C. chairman in June 1987 and was subsequently appointed United States Ambassador to the Kingdom of the Netherlands. In February 1989, Mr. Shad agreed to accept the chairmanship of Drexel Burnham Lambert, a major Wall Street investment house then reeling from S.E.C. corruption charges. He served until July 1990. John S.R. Shad died in New York City on July 7, 1994 at the age of seventy-one.
From the description of Papers, 1972-1989 (inclusive). (Harvard Business School). WorldCat record id: 55756969
