Early Life and Education
Foley is one of the six children of Catherine Coleman Foley and Gifford Pinchot Foley (both deceased). He went to Phillips Academy Andover and received an A.B. in Economics from Harvard and an M.B.A. from Harvard Business School.
Read more about this topic: Thomas C. Foley
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“In the early forties and fifties almost everybody “had about enough to live on,” and young ladies dressed well on a hundred dollars a year. The daughters of the richest man in Boston were dressed with scrupulous plainness, and the wife and mother owned one brocade, which did service for several years. Display was considered vulgar. Now, alas! only Queen Victoria dares to go shabby.”
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