Frank G. Zarb
From Wikipedia, the free encyclopedia
| Frank Gustave Zarb | |
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| Born | 1935 Brooklyn, NY, USA |
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| Nationality | USA |
| Education | Hofstra University |
| Occupation | Business, Government |
| Spouse | Patrica Zarb |
| Children | Krista Anne, Frank Junior |
Frank G. Zarb (born February 17, 1935)[1] is an American businessman and former politician. He is perhaps best known as the chairman of the NASDAQ stock exchange during the dot-com boom of the late 1990s. He is also known for his role as the "Energy Czar" under President Ford during the 1970s energy crisis.
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[edit] Biography
[edit] Early life
Frank Zarb was born on on February 17th, 1935 to Gustave Zarb and Rosemary (Antinoro) Zarb in Brooklyn, New York In 1957 he received his Bachelor of Business Administration at Hofstra University, then known at Hofstra College. Following his time in the army, he went on to earn a Master of Business Administration from Hofstra in 1962.[2]
[edit] Early corporate service
Following a term of service in the army from 1957 to 1958, Frank started at CITGO, then known as Cities Service Oil Co,[3] as a management trainee. Leaving that post in 1962, he became a general partner at Goodbody and Company. In 1969 he would go on to become the executive vice president of CBWL-Hayden Stone.[4] In 1971 he would leave the corporate world to begin a career of government service.
[edit] Government service
Beginning in 1971, Frank became increasingly involved in public service. Serving first as Assistant Secretary of labor (1971-1972), then as Associate Director of the Office of Management and Budget (1973-74). Finally in 1974 he was appointed "Energy Czar", holding dual appointments in the Energy Resources Council and the Federal Energy Administration.[5]
[edit] Later corporate services
After leaving the federal government in 1977, Zarb would go on to become a senior partner at Lazard (1977-1988), CEO and Chairman of Smith Barney (1988-1993), group chief executive of Travelers Group (1993-1994), and finally chairman and CEO of the NASD from 1997 to 2001.[6] Following his retirement from the NASD, he became the managing director of Hellman & Friedman as well as interim-chairman of the American International Group[7]
[edit] Term at NASD
From 1997 to 2001, Zarb was the Chairman and CEO of the National Association of Securities Dealers. He is perhaps better known in his joint role as the head of the NASD's stock exchange, the NASDAQ
[edit] Relationship with Hofstra University
In 1974, Hofstra University gave Zarb the Distinguished Scholar award in recgonition of his contributions to the University. In 1975 he was awarded an honorary Doctorate of Humane Letters by Hofstra in recognition of his contributions to the University[8] . In 1994, the School of Business at Hofstra was renamed the Frank G. Zarb School of Business in recognition of his service as the Chairman of the University's Board of Trustees.[9] In 2008 the Zarb School alumni association was created in his honor.
[edit] Return to AIG
[edit] Personal life
On March 31, 1957, Zarb married Patricia Koster. They had two children, Krista Anne and Frank Junior.[10]
[edit] Publications
The Stockmarket Handbook, 1969
[edit] References
- ^ "Frank Gustave Zarb". Who's Who on the Web [1]. Marquis. Retrieved on 11/1/2007.
- ^ "Frank Gustave Zarb". Who's Who on the Web [2]. Marquis. Retrieved on 11/1/2007.
- ^ "Frank Gustave Zarb". Who's Who on the Web [3]. Marquis. Retrieved on 11/1/2007.
- ^ Frank G. Zarb
- ^ [4] NYT Profile
- ^ [5] NYT Profile
- ^ Hellman & Friedman — Team
- ^ "Frank Gustave Zarb". Who's Who on the Web [6]. Marquis. Retrieved on 11/1/2007.
- ^ [7] FINRA press release
- ^ "Frank Gustave Zarb". Who's Who on the Web [8]. Marquis. Retrieved on 11/1/2007.
