Frank E. Loy
| Frank E. Loy | |
|---|---|
 |
|
| 2nd Under Secretary of State for Global Affairs | |
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In office November 2, 1998 – January 20, 2001 |
|
| President | Bill Clinton |
| Preceded by | Tim Wirth |
| Succeeded by | Paula Dobriansky |
| Personal details | |
| Nationality |  |
| Political party | Democratic Party |
| Spouse(s) | Dale Haven Loy |
| Children | 2 |
| Alma mater |
University of California, Los Angeles Harvard Law School |
| Portfolio | Democracy, Human Rights, and Labor; Environment, Oceans, Health and Science; Population, Refugees, and Migration; International Narcotics and Law Enforcement Affairs |
Frank E. Loy is an American diplomat, business and nonprofit executive, and attorney. He is best known for serving as United States Under Secretary of State for Global Affairs from November 2, 1998 to January 20, 2001, under President Bill Clinton. In that position, he was the chief United States negotiator for issues such as climate change and trade on genetically modified agricultural products.
He has been senior vice president for international affairs at Pan American Airways, president of the German Marshall Fund of the United States, president of the Penn Central Corporation, and an attorney with O’Melveny & Myers.
Raised in Germany, Italy and Switzerland in his early years, Loy went to public schools in Los Angeles from the age of 10. He earned a B.A. degree at the University of California, Los Angeles and an LL.B. at Harvard Law School. Following law school, he served for 21 months in the United States Army.
He lives in Washington, D.C. with his wife, Dale Haven Loy, a painter. They have two children and four grandchildren.
Loy began his career practicing corporate law in Los Angeles with the firm of O'Melveny & Myers. From 1970-1973 he served as Senior Vice President for International and Regulatory Affairs of Pan American World Airways.
He spent the years 1974 to 1979 as a partner in the turnaround firm that successfully brought the Penn Central Transportation Company out of bankruptcy. It was then the largest industrial bankruptcy in American history. In that role he served as president of the subsidiary that operated all the non-railroad businesses of the bankrupt – including an oil pipeline, an oil refinery, the Six Flags theme parks, and the Arvida Corp., a Florida land and resort development company. Loy also oversaw operations of Penn Central's New York hotels, the Roosevelt, the Biltmore, the Barclay (now the Intercontinental), and the Commodore (now the Grand Hyatt), as well as the operations of major investments, such as the Madison square Garden Corporation. When the bankruptcy terminated, he became president of the successor company, the Penn Central Corporation, listed on the .
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