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Donald Ross, Ex-NY Life CEO Who Shunned Junk Bonds, Dies at 90

Donald Ross Sr. Source: New York Life Insurance Co.

Donald Ross Sr. Source: New York Life Insurance Co.

Donald Ross Sr., a former chief executive officer at New York Life Insurance Co. who doubled the company’s total assets by adding mutual funds in the 1980s while shunning junk bonds, has died. He was 90.

He died Jan. 5 at his home in Franklin Lakes, New Jersey, following a long illness, his daughter, Deborah Cipriano, said today in a telephone interview.