Its focus on clients with at least $500,000 to invest provided the firm with steady, fee-based income. brokerage with more than 8,500 brokers in 385 offices and 2.7 million customers. By the time of parent Paine Webber Group Inc.’s sale to Zurich-based UBS in July 2000, it was the fourth-largest U.S. When Marron joined in 1977, Paine Webber had about 2,270 brokers in 137 offices, according to a New York Times article that year. Yelp is a fun and easy way to find, recommend and talk about what’s great and not so great in Chicago and beyond.
He shielded the firm from fads like junk bonds and derivatives, and, after attempting to steer it in the direction of an investment bank, refined its focus on serving wealthy individuals. Paine Webber in Chicago, reviews by real people. Marron was considered “a prodigy in his field,” according to a 1980 Wall Street Journal profile published when he was named Paine Webber’s CEO. Two private-equity firms with strong ties to retail broker-dealers are the final bidders for the AIG. Three years later, he was named chief executive officer of the company, marking the start of a tenure highlighted by acquisitions, growth in brokerage accounts and his fierce defense of the firm’s independence. Former Paine Webber chief vies to buy AIG Advisors.
As head of Mitchell Hutchins, he led the firm’s 1977 merger with Paine Webber. His namesake company merged with institutional researcher Mitchell Hutchins & Co. and private-equity firm Lightyear Capital LLC. Marron & Co., economic data provider Data Resources Inc. He founded at least three New York-based companies: investment bank D.B. He had options to sell to other places, but chose this route.” “Don made sure that he held people’s jobs and lives in place. “People often lose jobs in mergers like these,” Catie Marron said. His wife said he was “deeply” proud of how he handled the aftermath of that deal. Paine, Webber, Jackson & Curtis is a stock brokerage and asset management firm, successor company of Paine, Webber and Co., which had been founded in Boston. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. He’s best known for leading Paine Webber and selling the firm to Swiss giant UBS. Find out what works well at Paine Webber from the people who know best. Indeed, defendants' acts of causing the domain name to automatically link to pornographic sites was held by the court likely to cause irreparable injury to plaintiff.Don Marron, a lifelong New Yorker, had a Wall Street career spanning seven decades and was very active in the modern art world and philanthropy. The court based such an award on its determination that plaintiff was likely to prevail on its federal dilution claim, given that plaintiff's mark "paine webber" was famous, and was being tarnished by its association, as a result of defendant's acts, with pornography. to put the domain name on hold pending resolution of the suit. On plaintiff's application, the court granted plaintiff a preliminary injunction, enjoining defendants from operating a web site at The court also directed Network Solutions Inc. Plaintiff Paine Webber operates a web site at the domain name Defendants, hoping to capitalize on typographical errors made by surfers seeking Paine Webber's web site, commenced operation of a web site at Surfers who failed to type in the period found in plaintiff's domain name between the section 1115(c), plaintiff brought suit.
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