Richard Jenrette, DLJ Investment Bank Co-Founder, Dies at 89
- Donaldson, Lufkin & Jenrette defied rule to go public in 1970
- Firm emphasized in-depth research on small, growing companies
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Richard Jenrette, a co-founder of the first New York Stock Exchange member to go public, the investment bank Donaldson, Lufkin & Jenrette, has died. He was 89.
He died on Sunday in Charleston, South Carolina, from complications of cancer, according to Margize Howell, co-president of the Classic American Homes Preservation Trust. Jenrette founded the trust in 1993 to preserve architecturally significant homes he acquired, including Millford Plantation and Roper House in South Carolina, Ayr Mount in North Carolina and Edgewater in New York.