J. Peter Grace
| J. Peter Grace | |
|---|---|
In the Oval Office in 1984
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| Born | May 25, 1913 Manhasset, New York, United States |
| Died | April 19, 1995 (aged 81) Manhattan, New York, United States |
| Cause of death | Cancer |
| Residence | Manhasset, New York |
| Education | St. Paul's School, Yale University |
| Board member of | W. R. Grace and Company, Grace Shipping Company, Grace National Bank, Citicorp, Ingersoll-Rand, Magnavox |
| Spouse(s) | Margaret Fennelly |
| Children | J. Peter III, William R., Michael S., Margaret Mary, Mary J., Nora M., Patrick P., Theresa M., Christopher G. |
| Parent(s) | Joseph Peter Grace, Sr. & Janet Macdonald |
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Joseph Peter Grace (May 25, 1913 – April 19, 1995) was an American industrialist of Irish Catholic heritage. He was president of the diversified chemical company for 48 years, making him the longest serving CEO of a public company.
Born in Manhasset, New York, he succeeded his father, Joseph Peter Grace, Sr. (1872–1950), as President and CEO of W. R. Grace and Company in 1945 when his father suffered a stroke. The firm was founded by his grandfather William R. Grace, the first Roman Catholic to be elected Mayor of New York City. His maternal grandfather was Charles B. Macdonald, a major figure in early American golf who built the first 18-hole course in the United States. He was devoutly Catholic.
Grace was the kind of man who, at age seventy, Indian-wrestled fellow chairmen of the board at his desk, showered in the evening to save time getting to work in the morning, wore a Beretta pistol (for terrorists), and, as a conservative Democrat, took out a full-page ad in The New York Times to support President Ronald Reagan's tax cuts.
"There is nothing I dislike more than being a loser in anything," he said in an interview in Fortune magazine.
In the Kennedy administration, J. Peter Grace was head of the Commerce Department Committee on the Alliance for Progress. President Reagan, in announcing the selection of J. Peter Grace to lead The Grace Commission on waste and inefficiency in the Federal government, said:
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