Jump to content

Finn M. W. Caspersen: Difference between revisions

Edit links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
ColonelHenry (talk | contribs)
18,072 edits
ColonelHenry (talk | contribs)
18,072 edits
Line 37: Line 37:


===Business career===
===Business career===
In 1972, Caspersen began in the legal department at Beneficial Corporation, a large American consumer finance firm. Four years later, in 1976, he was named the firm's chief executive officer. Beneficial was established in 1914 in [[Elizabeth, New Jersey]] by Clarence Hodson. Caspersen's father, Olaus Caspersen, joined Beneficial in 1920, and served as Hodson's secretary for several years.<ref name="VanityFEB10Cohan" /><ref name="NYT15SEP09Browning">Browning, Lynnley. [http://www.nytimes.com/2009/09/16/business/16suicide.html?_r=0 "Suicide Victim May Have Hidden Millions Abroad], ''The New York Times'' (15 September 2009). Retrieved 28 October 2013.</ref> In 1929, Hodson and Caspersen reorganized the firm as Beneficial Finance Corporation and transformed it into one of the largest consumer loan providers in the United States.<ref name="VanityFEB10Cohan" /><ref name="Bloomberg09SEP09MooreMilford" /><ref name="FredaCaspersenNYTObit">Staff. [http://www.nytimes.com/1991/05/01/obituaries/freda-resika-caspersen-executive-82.html "Freda Resika Caspersen, Executive, 82"] (obituary), ''New York Times'' (1 May 1991). Retrieved 28 October 2013.</ref> Freda Caspersen was also influential in growth of Beneficial as one of the company's directors.<ref name="FredaCaspersenNYTObit" />
In 1972, Caspersen began in the legal department at Beneficial Corporation, a large American consumer finance firm. Four years later, in 1976, he was named the firm's chief executive officer. Beneficial was established in 1914 in [[Elizabeth, New Jersey]] by Clarence Hodson. Caspersen's father, Olaus Caspersen, joined Beneficial in 1920, and served as Hodson's secretary for several years.<ref name="VanityFEB10Cohan" /><ref name="NYT15SEP09Browning">Browning, Lynnley. [http://www.nytimes.com/2009/09/16/business/16suicide.html?_r=0 "Suicide Victim May Have Hidden Millions Abroad], ''The New York Times'' (15 September 2009). Retrieved 28 October 2013.</ref> In 1929, Hodson and Caspersen reorganized the firm as Beneficial Finance Corporation and transformed it into one of the largest consumer loan providers in the United States.
<ref name="BeneficialIDCHvol8">Kepos, Paula, and Derdak, Thomas. ''International Directory of Company Histories'', (Chicago/Detroit: St. James Press, 1994) 8:56–58.</ref><ref name="VanityFEB10Cohan" /><ref name="Bloomberg09SEP09MooreMilford" /><ref name="FredaCaspersenNYTObit">Staff. [http://www.nytimes.com/1991/05/01/obituaries/freda-resika-caspersen-executive-82.html "Freda Resika Caspersen, Executive, 82"] (obituary), ''New York Times'' (1 May 1991). Retrieved 28 October 2013.</ref> Freda Caspersen was also influential in growth of Beneficial as one of the company's directors.<ref name="FredaCaspersenNYTObit" />


Beneficial under the younger Caspersen's leadership expanded into credit finance and offered credit cards through its People's Bank and Trust subsidiary. It purchased Parliament Leasing in 1977, and First Texas Financial Corp., a savings and loan, in 1978. In 1977, Beneficial entered the reinsurance business through subsidiaries, but this business caused significant financial losses in the 1980s. Beneficial later downsized this business and restructured with an emphasis on its second mortgage business. According to Charles "Sandy" Hance, former senior vice president and general counsel of Beneficial, Caspersen was a "pioneer in [[second mortgage]]s, which later evolved into [[home equity loan]]s," and that he "saw this trend developing at a very early stage".<ref name="StarLedgerRispoli08SEP2009">Rispoli, Michael. [http://www.nj.com/news/index.ssf/2009/09/finn_caspersen_found_dead_in_r.html "Finn Caspersen, former head of Beneficial Corp., is found dead in Rhode Island"], in ''The Star-Ledger'' (8 September 2009). Retrieved 24 December 2013.</ref>
Beneficial under the younger Caspersen's leadership expanded into credit finance and offered credit cards through its People's Bank and Trust subsidiary.<ref name="BeneficialIDCHvol8" /> It purchased Parliament Leasing in 1977, and First Texas Financial Corp., a savings and loan, in 1978.<ref name="BeneficialIDCHvol8" /><ref>Gordon, Mitchell, "Beneficial Corp. to Ring up Record High Net This Year," in ''Barron's'' (30 October 30 1978).</ref> In 1977, Beneficial entered the reinsurance business through subsidiaries, but this business caused significant financial losses in the 1980s. Beneficial later downsized this business and restructured with an emphasis on its second mortgage business.<ref name="BeneficialIDCHvol8" /><ref>Hays, Laurie, "Reinsurance Woes Threatening Beneficial," (2 September 1986) and "Beneficial Bid to Sell Unit Faces Hurdles," in ''The Wall Street Journal'' (19 January 1987).</ref><ref>Nathan, Leah J., "Beneficial Could Give Lending a Good Name Again," in ''Business Week'' (22 October 1990). According to Charles "Sandy" Hance, former senior vice president and general counsel of Beneficial, Caspersen was a "pioneer in [[second mortgage]]s, which later evolved into [[home equity loan]]s," and that he "saw this trend developing at a very early stage".<ref name="StarLedgerRispoli08SEP2009">Rispoli, Michael. [http://www.nj.com/news/index.ssf/2009/09/finn_caspersen_found_dead_in_r.html "Finn Caspersen, former head of Beneficial Corp., is found dead in Rhode Island"], in ''The Star-Ledger'' (8 September 2009). Retrieved 24 December 2013.</ref>


In the 1980s, Caspersen and Beneficial began a 15-year effort to redeveloping [[Harbour Island (Tampa)|Harbour Island]] in [[Tampa, Florida]] into an upscale residential and commercial development similar to [[Baltimore, Maryland]]'s [[Inner Harbor]].<ref name="TampaTribuneHarbourIs">Staff. [http://tbo.com/south-tampa/harbour-island-developer-dies-in-apparent-suicide-76516 "Harbour Island developer dies in apparent suicide"], ''The Tampa Tribune'' (10 September 2009). Retrieved 22 December 2013.</ref> Beneficial purchased the 177-acre man-made island, formerly known as Seddon Island.<ref name="TampaTribuneHarbourIs" /><ref>Jeanne Wolfe, Tampa Real Estate. [http://jeannewolfe.com/Tampa-Neighborhoods-Harbour-Island.htm Neighborhoods of Tampa Florida: Harbour Island Homes]. Retrieved 22 December 2013.</ref><ref name="TampaBizJournalHarbour">Staff. [http://www.bizjournals.com/tampabay/stories/2009/09/07/daily53.html "Finn Caspersen, developer of Tampa’s Harbour Island, dead at 67"], ''Tampa Bay Business Journal'' (10 September 2009). Retrieved 22 December 2013.</ref> Before it was developed, local newspapers described the Harbour Island as "an industrial wasteland inhabited by wild pigs" and the only structures as rusted railroad tracks and an unused phosphate facility.<ref name="TampaTribuneHarbourIs" /><ref name="TampaBizJournalHarbour" /> When the first phases were complete, the island opened with events hosted by former [[President of the United States|U.S. president]] [[Gerald Ford]].<ref name="HarbourFord">Associated Press Staff. "Former president opens ritzy Tampa Development", ''Gainesville Sun'' (28 June 1985) with picture of Ford and Caspersen.</ref> After seven years of dwindling business, Beneficial converted the it into office space and renamed it Knights Point in 1995.<ref>[http://www.tampapix.com/peoplemover.htm Harbour Island People Mover]. Retrieved 23 December 2013.</ref>
In the 1980s, Caspersen and Beneficial began a 15-year effort to redeveloping [[Harbour Island (Tampa)|Harbour Island]] in [[Tampa, Florida]] into an upscale residential and commercial development similar to [[Baltimore, Maryland]]'s [[Inner Harbor]].<ref name="TampaTribuneHarbourIs">Staff. [http://tbo.com/south-tampa/harbour-island-developer-dies-in-apparent-suicide-76516 "Harbour Island developer dies in apparent suicide"], ''The Tampa Tribune'' (10 September 2009). Retrieved 22 December 2013.</ref> Beneficial purchased the 177-acre man-made island, formerly known as Seddon Island.<ref name="TampaTribuneHarbourIs" /><ref>Jeanne Wolfe, Tampa Real Estate. [http://jeannewolfe.com/Tampa-Neighborhoods-Harbour-Island.htm Neighborhoods of Tampa Florida: Harbour Island Homes]. Retrieved 22 December 2013.</ref><ref name="TampaBizJournalHarbour">Staff. [http://www.bizjournals.com/tampabay/stories/2009/09/07/daily53.html "Finn Caspersen, developer of Tampa’s Harbour Island, dead at 67"], ''Tampa Bay Business Journal'' (10 September 2009). Retrieved 22 December 2013.</ref> Before it was developed, local newspapers described the Harbour Island as "an industrial wasteland inhabited by wild pigs" and the only structures as rusted railroad tracks and an unused phosphate facility.<ref name="TampaTribuneHarbourIs" /><ref name="TampaBizJournalHarbour" /> When the first phases were complete, the island opened with events hosted by former [[President of the United States|U.S. president]] [[Gerald Ford]].<ref name="HarbourFord">Associated Press Staff. "Former president opens ritzy Tampa Development", ''Gainesville Sun'' (28 June 1985) with picture of Ford and Caspersen.</ref> After seven years of dwindling business, Beneficial converted the it into office space and renamed it Knights Point in 1995.<ref>[http://www.tampapix.com/peoplemover.htm Harbour Island People Mover]. Retrieved 23 December 2013.</ref>

Revision as of 15:50, 25 December 2013

Finn M. W. Caspersen, Sr.
Finn Caspersen, circa 2008
Born(1941-10-27)27 October 1941
Died7 September 2009(2009-09-07) (aged 67)
Westerly, Rhode Island, United States
Cause of deathSuicide by firearm
EducationPeddie School
Brown University (B.A.)
Harvard Law School (J.D.)
Occupation(s)attorney, corporate chief executive, philanthropist
Employer(s)Beneficial Corporation (1972–1998), Knickerbocker Management (1998–2009)
SpouseBarbara Warden Morris (m. 1967–2009, his death)
Children4 sons

Finn Michael Westby Caspersen, Sr. (27 October 1941 – 7 September 2009) was an American financier and philanthropist. A graduate of Brown University and Harvard Law School, Caspersen followed his father, Olaus Caspersen, a Norwegian immigrant to the United States, as chairman and chief executive of Beneficial Corporation, one of the largest consumer finance companies in the United States. After an $8.6 billion acquisition of Beneficial by Household International in 1998, Caspersen ran Knickerbocker Management, a private financial firm overseeing the assets of trusts and foundations.

Caspersen was a major philanthropist in support of education donating tens of millions of dollars to the Peddie School, Brown, Harvard, and Drew University, while overseeing the Hodson Trust which benefitted four institutions in Maryland. He described education as his "particular love" and regarded it as "an investment in the future—an investment in human capital."[1] Buildings and endowed professorships have been named in his honour. Caspersen's philanthropy extended to his support of rowing and equestrian sports, and service to the United States Equestrian Team Foundation, Princeton National Rowing Association, and the National Rowing Foundation.

Caspersen was considerably involved in Republican politics in New Jersey and nationally, as an influential and major donor. He was involved as a key supporter of former New Jersey governor Thomas Kean in the 1980s. For four years he served as a town commissioner in Jupiter Island, Florida, an exclusive upper class enclave, until his resigning in August 2009 a few weeks before his death. In September 2009, Caspersen's suicide came as a surprise. However, in the aftermath of his death, details emerged that linked Caspersen with financial problems and accusations of alleged large-scale tax evasion that were discovered in the course of federal investigations into offshore tax shelters managed by financial firms UBS and LGT Bank and used by wealthy American clients.

Biography

Early life and education

Finn Michael Westby Caspersen was born 27 October 1941. He was one of two sons of Olaus Westby Caspersen (1896–1971), a Norwegian immigrant, and Freda Resika (1909–1991), an American-born Eastern European Jew thought to be of Russian or Polish descent.[2] Olaus's widowed mother and siblings had emigrated to the United States earlier, leaving Olaus in Norway to complete his education.[2] Olaus came to the United States in 1912 at age 16 settling in Weehawken, New Jersey.[2][3]

Finn Caspersen's mother, Freda, was a non-practicing Jew, and his father thought that his sons needed a religious upbringing. Finn attended a congregational church near the family home in his youth.[2] He later reflected that "being Protestant was important. There was a kind of anti-Catholicism in the family."[2] The family moved to homes in Andover, New Jersey and Venice, Florida. Caspersen frequently visited Norway as a child, vacationing there during summers after 1947.[2]

Caspersen attended private schools until the ninth grade.[2] He attended the Peddie School, a private preparatory school in Hightstown, New Jersey and was graduated in 1959.[4] Caspersen received a Bachelor of Arts (A.B.) degree from Brown University in 1963 and a law degree (J.D.) from Harvard Law School in 1966.

Business career

In 1972, Caspersen began in the legal department at Beneficial Corporation, a large American consumer finance firm. Four years later, in 1976, he was named the firm's chief executive officer. Beneficial was established in 1914 in Elizabeth, New Jersey by Clarence Hodson. Caspersen's father, Olaus Caspersen, joined Beneficial in 1920, and served as Hodson's secretary for several years.[3][5] In 1929, Hodson and Caspersen reorganized the firm as Beneficial Finance Corporation and transformed it into one of the largest consumer loan providers in the United States. [6][3][7][8] Freda Caspersen was also influential in growth of Beneficial as one of the company's directors.[8]

Beneficial under the younger Caspersen's leadership expanded into credit finance and offered credit cards through its People's Bank and Trust subsidiary.[6] It purchased Parliament Leasing in 1977, and First Texas Financial Corp., a savings and loan, in 1978.[6][9] In 1977, Beneficial entered the reinsurance business through subsidiaries, but this business caused significant financial losses in the 1980s. Beneficial later downsized this business and restructured with an emphasis on its second mortgage business.[6][10]Cite error: A <ref> tag is missing the closing </ref> (see the help page).

In the 1980s, Caspersen and Beneficial began a 15-year effort to redeveloping Harbour Island in Tampa, Florida into an upscale residential and commercial development similar to Baltimore, Maryland's Inner Harbor.[11] Beneficial purchased the 177-acre man-made island, formerly known as Seddon Island.[11][12][13] Before it was developed, local newspapers described the Harbour Island as "an industrial wasteland inhabited by wild pigs" and the only structures as rusted railroad tracks and an unused phosphate facility.[11][13] When the first phases were complete, the island opened with events hosted by former U.S. president Gerald Ford.[14] After seven years of dwindling business, Beneficial converted the it into office space and renamed it Knights Point in 1995.[15]

Caspersen ran Beneficial for 22 years before its 1998 acquisition by Household International for $8.6 billion.[5][16] At the time of the acquisition, Beneficial employed 25,000 persons and operated 1,650 branch offices throughout the United States.[17] Caspersen was paid $24,000,000 in severance and other payments.[7]

Caspersen and a few partners founded Knickerbocker Management in 1998 managing approximately $1 billion in assets.[18] Knickerbocker, with offices in Gladstone, New Jersey and Hobe Sound, Florida, was a private investment firm that oversees the assets of trusts and foundations.[16]

Political activities

Caspersen became an influential donor to Republican party candidates in New Jersey and in the United States, including former governors Thomas Kean and Christine Todd Whitman and also Kean's son Thomas Kean Jr., a state senator and former candidate for United States Senator.[3] In the 1980s, Caspersen was a major supporter behind Kean's two campaigns for governor in 1981 and 1985.[16] When Kean was inaugurated in 1982, Caspersen, an avid equestrian, dressed in period costume and drove the incoming governor and his wife, and outgoing governor Brendan Byrne to an inauguration party in a four-horse carriage. One writer described the scene as "something out of 'a Currier & Ives print'".[3][5]

In 1998, Whitman appointed Caspersen to chair a 15-member advisory panel to recommend future development for Ellis Island, and to a public-private partnership to foster business in the state.[16]

According to Vanity Fair contributor William D. Cohan, left-wing magazine Mother Jones found that "Caspersen and his wife donated $602,250 to political campaigns, making them the eighth-largest political donors in the U.S." during the 2000 election cycle.[3][7][19]

In 2005, Caspersen sought a seat on the town commission in Jupiter Island, Florida, and ran on a platform concerning conservation and limiting development, and burying utility cables.[3][20] He served a four-year term, and ran unopposed for re-election in 2009. However, one month before his death, he surprised his fellow commission members and neighbors by suddenly resigning on 4 August 2009, citing that he anticipated moving from the community.[3]

Personal life

In 1967, Caspersen married Barbara Warden Morris, the daughter of Samuel Wheeler Morris, Jr. (1918–1995) and Eleanor May Jones (1919–2011), one of Philadelphia's socially prominent Main Line families.[3][21] They were married for 42 years. Caspersen met his wife when she was an undergraduate student at Wellesley College.[3] She later obtained a masters and doctoral degree from Drew University, submitting a masters thesis on Henry David Thoreau's Walden,[22] and a doctoral dissertation on the works of Willa Cather.[23] Barbara Caspersen serves as an emeritus trustee at Drew.[24][25] The couple had four sons, Finn M. W. Caspersen Jr.,[26] Erik M. W. Caspersen,[27] Samuel M. W. Caspersen,[28] and Andrew W. W. Caspersen. All four of his sons graduated from Harvard Law School—a fact that Pulitzer Prize-winning journalist and Harvard alumnus Daniel Golden attributes to their father's generosity.[29]

The Caspersens had two homes in New Jersey—in Andover and Bernardsville in areas described as "in New Jersey horse country", a 6,500-square-foot waterfront estate Westerly, Rhode Island, and a residence in Jupiter Island, Florida.[3]

Caspersen was a talented equestrian in carriage driving, winning three national championships and representing the United States at three world championships.[7] In 1985, he won the four-in-hand competition at the Royal Windsor Horse Show in the United Kingdom and later was an honorary lifetime officer of the show.[30][31][32] According to Sports Illustrated, Caspersen, described as "portly and patrician, tall and splendidly erect, with a lot of beef in his jowls" recalled being asked by Queen Elizabeth II at the awards ceremony about his role in driving his team of Holsteiners: "I told her it was to lower the carriage's center of gravity,...She looked at my midriff and said I was well suited for the job."[30]

He served an officer in the United States Coast Guard.[17][32]

Caspersen was a member of the Knickerbocker Club, an exclusive, upper class, men-only social club on New York City's Upper East Side.[5]

Death and aftermath

Finn Caspersen died on 7 September 2009 in the Shelter Harbor community of Westerly, Rhode Island from an apparent gunshot wound to the head.[7][16] The cause of death was ruled a suicide. A blued-steel .38-calibre, five-shot Smith & Wesson revolver belonging to Caspersen was found near his body.[3] According to law enforcement sources investigating the suicide, Caspersen left a note stating that he "was tired, diminished and in constant pain, and that he did not want to be a burden to his loving family."[3]

Caspersen had been battling kidney cancer before his death, and reportedly pursued regular chemotherapy treatment. Sources have described his health as deteriorating and the cancer severe.[3][5] Other sources have indicated that his medical condition led to depression, describing an uncertainty that left him "sort of horrified about his medical outcome."[3] Bernard Davidoff, an internist from New Jersey apparently familiar with Caspersen's medical care, advised police that Caspersen "suffered from severe depression and was taking antidepressant meds, heart meds, liver meds, kidney meds and diabetes meds."[3] It was also reported that medical issues and chemotherapy treatments "had severely hobbled him in recent years."[3]

In the weeks after his death, accounts of massive financial difficulties began to emerge. Before his death, Caspersen listed his Westerly, Rhode Island home for sale for $10.9 million and began to step back from various philanthropic efforts and institutional boards at Harvard, Peddie, and the Hodson Trust.[5] In August 2009, one month before he died, he resigned from the Jupiter Island town commission citing his pending relocation from the area.[3][5]

According to The New York Times, Caspersen's name had emerged in investigations into using offshore bank accounts to evade American taxes. The American government began a crackdown on tax havens and offshore bank accounts used by wealthy Americans. It is reported that Caspersen's name was turned over to federal investigators by Swiss banking giant UBS earlier in the year, and in connection to Liechtenstein Global Trust (LGT), a private bank controlled with Liechtenstein’s royal family.[3][5] Caspersen, who was reportedly facing audit by the Internal Revenue Service, was suspected of owing as much as $100,000,000 in back taxes and fines or possibly facing imprisonment.[5]

A memorial service was held on 15 September 2009 at St. Peter's Episcopal Church in Morristown, New Jersey and was attended by 900 friends and relatives.[33] He was eulogized by former New Jersey governor and Drew University president Thomas Kean.[3]

Philanthropy

Equestrian and rowing sports

Caspersen served as a board member, president, and chairman of the United States Equestrian Team from 1982 to 2002. During his 20-year tenure, he is considered "the man who put American combined driving on the international map" as American riders and drivers earned 71 medals, including 25 gold, in the Olympics, World Championships, and Pan American Games.[3][31][34] Caspersen helped the U.S. Equestrian Team establish a permanent home at Hamilton Farm, the former estate of U.S. Treasury Secretary Nicholas F. Brady in Bedminster, New Jersey.[35][36] The Hamilton Farm property was owned by Beneficial and located next to the corporation's headquarters. Beneficial deeded the property to the team at Caspersen's urging.[31][36]

Caspersen supported the rowing sports, and was involved with the Princeton National Rowing Association (PNRA) and Princeton International Regatta Association (PIRA).[16][37] In 1998, he provided funding to build a boathouse to benefit the rowing programs of Peddie and the nearby Lawrenceville School on the north shore of Mercer Lake, in West Windsor, New Jersey. The boathouse is located at the Mercer Lake Race Course was the site of the 1988, 1992, 2004 and 2008 United States Olympic Rowing Team Trials, and the facility, a fully functional world-class National and Olympic facility for training, racing, camps, clinics and administration, and is used by Peddie, Lawrenceville, the Hun School, high schools in Mercer County, New Jersey, USRowing, the US National Team, the Mercer Junior Rowing Club, along with PNRA and PIRA.[38][37]

Education

Throughout his life, Caspersen was a generous financial supporter and closely involved with the management of several universities and schools, including serving on the directing boards of the Peddie School, Brown, and the Dean's Advisory Board at Harvard Law School.[3][17] In a 2008 interview, Caspersen stated that he believed education was "investment in the future—an investment in human capital. I’ve been active in a range of other things, but education’s always been my particular love".[39]

Caspersen endowed two professorships at Harvard Law School—the Beneficial Professorship of Law, and the Finn M.W. Caspersen and Household International Professorship of Law.[1][40] In 2003, he pledged $30 million—the largest single donation in the school's history—to help jump-start the law school's capital campaign of which Caspersen was chairman. The campaign ultimately raised $476,475,707.[5][7][39][41] In his honour, a special collections room in the law school's Langdell Library bears the Caspersen name.[1][42] Also, in April 2012, Harvard dedicated part of a 250,000-square-foot multipurpose construction project as the Caspersen Student Center to house student organizations, journals, and social activities.[43][44] However, some have criticized Harvard's decision to name the facilities after Caspersen, citing his alleged tax evasion.[45] Pulitzer Prize-winning journalist and Harvard alumnus Daniel Golden criticized that Caspersen's generosity to Harvard guaranteed his four sons admission at the law school.[29]

Caspersen and his wife have been involved with Drew University. His wife has served as trustee (currently as an emeritus trustee) and as both chairwoman and vice-chairwoman of the Methodist-affiliated liberal arts college's board.[46] In 1999, Caspersen and his wife provided a $5 million gift for expanding graduate education programs. In honor of their service to the university, Drew renamed their Graduate School as the Caspersen School of Graduate Studies.[47][48]

Caspersen's donated funds to build a four-level annex to Brown University's historic John Carter Brown Library, dedicated in 1991, that was named in honor of his parents.[49][50] Caspersen also served as a trustee of the Peddie School starting in 1970, and as the board's chairman starting in 1976, joining philanthropist Walter H. Annenberg in giving $10 million to the school in 1998.[4][16][51] The Caspersen Campus Center, which opened in 1996, and Caspersen History House, dedicated 2006, were named in his honor.[52]

From 1976 until a few weeks before his death, Caspersen ran the Hodson Trust, established by Beneficial founder Clarence Hodson to award grants to four colleges in Maryland: Hood College, The Johns Hopkins University, St. John’s College, and Washington College. Under his stewardship, the trust provided over $118 million in the 25-year period from 1976 to 2001.[53][54] Hood College awarded Caspersen with an honorary doctor of laws degree.[54]

See also

References

  1. ^ a b c Harvard Law School. "Recent News and Spotlights: Finn M.W. Caspersen ’66 (1941-2009)" (9 September 2009). Retrieved 28 October 2013.
  2. ^ a b c d e f g Lovoll, Odd Sverre. The Promise Fulfilled: A Portrait of Norwegian Americans Today. (Minneapolis: University of Minnesota Press, 1998), 162-164.
  3. ^ a b c d e f g h i j k l m n o p q r s t u v Cohan, William D. "The Shot Heard ’Round the Clubs", Vanity Fair (February 2010). Retrieved 28 October 2013.
  4. ^ a b Peddie School. "Finn M. W. Caspersen, Peddie board chair, dies at 67". (11 September 2009). Retrieved 22 December 2013.
  5. ^ a b c d e f g h i j Browning, Lynnley. "Suicide Victim May Have Hidden Millions Abroad, The New York Times (15 September 2009). Retrieved 28 October 2013.
  6. ^ a b c d Kepos, Paula, and Derdak, Thomas. International Directory of Company Histories, (Chicago/Detroit: St. James Press, 1994) 8:56–58.
  7. ^ a b c d e f Moore, Michael, and Milford, Phil. "Former Beneficial CEO Finn Caspersen Dies in Apparent Suicide", Bloomberg (9 September 2009). Retrieved 28 October 2013.
  8. ^ a b Staff. "Freda Resika Caspersen, Executive, 82" (obituary), New York Times (1 May 1991). Retrieved 28 October 2013.
  9. ^ Gordon, Mitchell, "Beneficial Corp. to Ring up Record High Net This Year," in Barron's (30 October 30 1978).
  10. ^ Hays, Laurie, "Reinsurance Woes Threatening Beneficial," (2 September 1986) and "Beneficial Bid to Sell Unit Faces Hurdles," in The Wall Street Journal (19 January 1987).
  11. ^ a b c Staff. "Harbour Island developer dies in apparent suicide", The Tampa Tribune (10 September 2009). Retrieved 22 December 2013.
  12. ^ Jeanne Wolfe, Tampa Real Estate. Neighborhoods of Tampa Florida: Harbour Island Homes. Retrieved 22 December 2013.
  13. ^ a b Staff. "Finn Caspersen, developer of Tampa’s Harbour Island, dead at 67", Tampa Bay Business Journal (10 September 2009). Retrieved 22 December 2013.
  14. ^ Associated Press Staff. "Former president opens ritzy Tampa Development", Gainesville Sun (28 June 1985) with picture of Ford and Caspersen.
  15. ^ Harbour Island People Mover. Retrieved 23 December 2013.
  16. ^ a b c d e f g Bowley, Graham. "Finn Caspersen, Supporter of Many Causes, Dies at 67", The New York Times (9 September 2009). Retrieved 28 October 2013.
  17. ^ a b c Cite error: The named reference StarLedgerRispoli08SEP2009 was invoked but never defined (see the help page).
  18. ^ Taber, George M. "Caspersen will manage nearly $1 billion" in Business News New Jersey, 11(27) (20 July 1998), 4.
  19. ^ Scherer, Michael. "Finn M.W. Caspersen (with Barbara) campaign donation profile", Mother Jones (5 March 2001).
  20. ^ Turner, Jim. "Town May Take Part In Power Program", Sun-Sentinel (19 February 2006). Retrieved 3 November 2013.
  21. ^ Fortunato, Laura. "Valuing The Land And Old Values" in The Philadelphia Inquirer (13 April 1989). Retrieved 22 December 2013.
  22. ^ Caspersen, Barbara Morris. Walden, thinking with the whole brain. M.A. Thesis (1983). Rose Memorial Library, Drew University.
  23. ^ Caspersen, Barbara Morris. The flowering of desire: Willa Cather and the sources of miracle. Ph.D. dissertation (1990). Rose Memorial Library, Drew University.
  24. ^ Executive Profile: Barbara Morris Caspersen, Bloomberg Businesweek. Retrieved 28 October 2013.
  25. ^ Drew University. Board of Trustees: Board Roster. Retrieved 4 November 2013.
  26. ^ Staff. "Weddings: Emily Balentine, Finn Caspersen", in The New York Times (5 October 1997). Retrieved 23 December 2013.
  27. ^ Staff. "Weddings: Anna Coquillette, Erik Caspersen", in The New York Times (21 August 1994). Retrieved 23 December 2013.
  28. ^ Staff. "Weddings/Celebrations: Shannon Gulliver, Samuel Caspersen" in The New York Times (18 November 2012). Retrieved 23 December 2013.
  29. ^ a b Golden, Daniel. The Price of Admission: How America's Ruling Class Buys Its Way into Elite Colleges--and Who Gets Left Outside the Gates (New York: Three Rivers Press, 2007), 26–27, 157.
  30. ^ a b Lidz, Franz. "Carriages For Kicks: Combined driving is a hobby of the horsey set", in Sports Illustrated (5 December 1988). Retrieved 24 December 2013.
  31. ^ a b c Phelps Media Group and United States Equestrian Team Foundation. "USET Foundation President Emeritus, Finn M.W. Caspersen 1941–2009" (media release) (9 September 2009). Retrieved 4 November 2013.
  32. ^ a b Andreassi, George. "Finn Caspersen, financial titan, former Jupiter Island commissioner, dies at Rhode Island home", in The Treasure Coast Palm (TCPalm.com) (8 September 2009). Retrieved 24 December 2013.
  33. ^ Kwoh, Leslie. "Finn Caspersen funeral draws hundreds of family, friends in Morristown", The Star-Ledger (15 September 2009). Retrieved 27 October 2013.
  34. ^ Jaffer, Nancy. "Finn Caspersen, American Combined Driving Advocate, Dies", Equisearch (8 September 2009). Retrieved 28 October 2013.
  35. ^ Mascarenhas, Rohan. "Former N.J. power broker, philanthropist Finn Caspersen dies in apparent suicide", in The Star-Ledger (9 September 2009). Retrieved 24 December 2013.
  36. ^ a b Garreau, Joel. Edge City: Life on the New Frontier, (New York: Random House, 2011), 33–34.
  37. ^ a b Caspersen Center Dedication: Raises Olympic Flag As Officially Designated Olympic Training Site, row2k (11 December 2003). Retrieved 28 October 2013.
  38. ^ Princeton National Rowing Association. Finn M. W. Caspersen Rowing Center Boathouse. Retrieved 28 October 2013.
  39. ^ a b Staff. "Closing: A Conversation with Finn Caspersen ’66" Harvard Law Bulletin (Fall 2008). Retrieved 2 November 2013.
  40. ^ Platts, James T. "Law School Receives $5 Million Donation", The Harvard Crimson (17 September 1998). Retrieved 3 November 2013.
  41. ^ Jiang, Athena Y. "Harvard Law School Raises $476 Million in Capital Campaign", The Harvard Crimson (24 October 2008). Retrieved 3 November 2013.
  42. ^ Hsu, Nelson C. "Room in Law Library Named After Caspersen", The Harvard Crimson (13 October 1995). Retrieved 3 November 2013.
  43. ^ Harvard Law School – Facilities Management. "Wasserstein Hall, Caspersen Student Center, Clinical Wing – About the building". Retrieved 28 October 2013.
  44. ^ "Law School dedicates new building: Complex aimed at improving student experience", Harvard Gazette (23 April 2012).
  45. ^ "The Scrapbook: Prize Duds", in The Weekly Standard, 17(31) (30 April 2012). Retrieved 24 December 2013.
  46. ^ O'Connell, Kaete. "Stepping Down: Caspersen will end 5-year reign as chair", in The Acorn (Drew University campus newspaper) (19 October 2007). Text: "After serving as vice chair for several years, she became board chair." Retrieved 24 December 2013.
  47. ^ Associated Press Staff. "Financier Finn Caspersen found dead" in Newsday (9 September 2009). Retrieved 26 October 2013.
  48. ^ Drew University. A Short History of Drew University, citing Cunningham, John T. University in the Forest: The Story of Drew University, 3rd Edition (Florham Park, New Jersey: Afton Publishing, 2002). Retrieved 23 October 2013.
  49. ^ Brown University. The Dedication of the Caspersen Building September the Seventeenth A. D. MDCCCCXCI (Providence, Rhode Island: John Carter Brown Library, 1992).
  50. ^ Mitchell, Martha. "John Carter Brown Library" in Encyclopedia Brunoniana (Providence, Rhode Island: Brown University Library, 1993).
  51. ^ Steinberg, Jacques. "Prep School Gets $10 Million From 2 Alumni", in The New York Times, (14 February 1998). Retrieved 23 December 2013.
  52. ^ Peddie School. About Us: History & Traditions – Timeline. Retrieved 4 November 2013.
  53. ^ The Hodson Trust. "Hodson Trust Distributes $8.27 million in grants to four Maryland colleges" (news release) (12 December 2001). Quote: "Under the stewardship of Finn Caspersen, the Trust’s donations to the four colleges has grown from $12.6 million to over $118 million over the past 25 years." Retrieved 24 December 2013.
  54. ^ a b Hood College. "The Hodson Trust". Retrieved 28 October 2013.

Template:Persondata

Retrieved from "https://en.wikipedia.org/w/index.php?title=Finn_M._W._Caspersen&oldid=587637955"