Walter V. Shipley

Walter V. Shipley
Born November 2, 1935
Newark, New Jersey, United States
Alma mater Williams College
New York University (1961)
Occupation Investment banking
Years active 1975 - Present
Employer Chase Manhattan Bank
Chemical Bank (prior)

Walter V. Shipley (born November 2, 1935) was the former Chairman and Chief Executive Officer of Chase Manhattan Bank and its predecessor Chemical Bank. Shipley was named chief executive of Chemical in 1981 and held the position through 1999 and remained at the bank as chairman through January 2000, just prior to the bank's merger with J.P. Morgan & Co..[1][2] During his 18-year tenure, Shipley oversaw Chemical's mergers with Texas Commerce Bank in 1987, Manufacturers Hanover in 1991 and Chase Manhattan Bank in 1996.

Shipley was a rumored candidate for Secretary of the Treasury in 2000 but was passed over in favor of Paul H. O'Neill.[3] Shipley was also a member of the board of Lincoln Center.[4]

Shipley was the son of noted investment banker Linwood Parks Shipley, a former partner in the investment banking firm of Brown Brothers Harriman & Company.[5]

Notes

  1. ^ Chase Manhattan Names a New Chief Executive. New York Times, March 25, 1999
  2. ^ Chase Manhattan Chairman Plans to Retire. New York Times, November 17, 1999
  3. ^ THE 43rd PRESIDENT: THE NOMINEES; On Economic Affairs, Bush's Man for Commerce Dept. Is His First Pick. New York Times, December 20, 2000
  4. ^ Shipley to Lead Drive. June 22, 1985
  5. ^ Linwood P. Shipley, 93, Investment Banker. New York Times, January 30, 1999

References

Business positions
Preceded by
Chemical CEO since 1981 and dominant partner in mergers
Thomas G. Labrecque was Chase CEO of Chase in 1996		 Chase CEO
1996-1999		 Succeeded by
William B. Harrison, Jr.
Divisions
Notable current executives:
Notable former executives:
Corporate Directors:
Historical components:
Buildings:
  • Annual revenue: US$102.694 billion (2010)
  • Employees: 239,831 (2010)
  • Stock Symbol: NYSE: JPM
  • Website: jpmorganchase.com