Mayo A. Shattuck III

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Mayo A. Shattuck III (b. 1954 in Massachusetts) is a notable American businessman, and currently Chairman and CEO of Baltimore-based Constellation Energy.

1 Career Synopsis
- 1.1 Resignation on September 12, 2001
2 Other affiliations
3 References
4 External links

[edit] Career Synopsis

Shattuck has a BA from Williams College and his MBA from Stanford University, where he graduated as an Arjay Miller Scholar. He has also received an honorary Doctor of Public Service degree from the University of Maryland Baltimore County.

Not much is known else about Shattuck's career before joining Alex. Brown & Sons at its San Francisco office, where he played a role in arranging funding for various high-tech clients, and public offerings for companies as Microsoft and America Online. By 1991 he became president and chief operating officer at Alex. Brown, second to future CIA Executive Director A. B. "Buzzy" Krongard.

In 1997, they helped engineer the company's sale to Bankers Trust for $1.7 billion; after Bankers Trust in turn was acquired by Deutsche Bank he served as Chairman of the Board of Deutsche Bank Alex. Brown and, also serving as heads of Investment Banking and Private Banking.

[edit] Resignation on September 12, 2001

The New York Times reported that Shattuck had resigned on September 12, 'effective immediately', from a 3-year $30 million contract as head of the Deutsche Bank Alex. Brown.^[1] Shattuck found a new job quickly: by October 26, he would be appointed President and CEO of Constellation Energy Group, and was elected Chairman of the Board in July 2002.

Speculation naturally emerged that his hasty departure was tied to reports of insider trading related to the 9/11 attacks being routed through Alex. Brown and to his close association with Krongard, but there has been little public investigation of the circumstances of Shattuck's resignation in the years since.

[edit] Other affiliations

In 1997, Mayo Shattuck was made trustee of the Seagram Company, Ltd.

Shattuck has several other notable past and current affiliations, including directorships at Gap, Inc and Capital One,^[2] positions on several lobbying and policy advocacy organizations (including the Edison Electric Institute, the Nuclear Energy Institute and the Institute of Nuclear Power Operations), board memerships at several educational institutions (Johns Hopkins, Stanford and the University of Maryland), and at The Walters Art Museum.

He was also a candidate to take over as NFL commissioner after Paul Tagliabue's retirement, but Roger Goodell won the job.