Career
In 1959, Marron founded D.B. Marron & Company. In 1965, Marron sold his company to Mitchell Hutchins and in 1967 was named president of the company. In 1977, Mitchell Hutchins was acquired by Paine Webber.
Aside from his primary role at Mitchell Hutchins, in 1969 Marron founded Data Resources Inc. together with Harvard University notable economist Otto Eckstein. DRI became the largest non-governmental source of economic data in the world and was sold to McGraw-Hill in 1979.
In 1980, Marron was named Paine Webber’s Chief Executive Officer, and in 1981, he was named chairman of the board of Paine Webber, roles he would hold for the next two decades. In 2000, as CEO, Marron engineered the sale of Paine Webber to UBS AG.
Read more about this topic: Donald Marron
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