Lorry I. Lokey
| Lorry I. Lokey | |
|---|---|
| Born |
March 27, 1927 Portland, Oregon |
| Education | Stanford University |
| Occupation | Business executive |
| Employer | Business Wire |
| Title | Chairman & CEO |
Lorry I. Lokey (born March 27, 1927) is an American businessperson and philanthropist. A native of Portland, Oregon, he founded the company Business Wire in 1961 and has donated in excess of $700 million to charities, with the majority of the money given to schools. He resides in San Francisco, California.
Lorry Lokey was born on March 27, 1927, in Portland, Oregon and raised in a Jewish family in Portland, attending Alameda Elementary School. Growing up in Northeast Portland, he graduated from Grant High School before joining the United States Army and fighting in World War II. While in the service he worked on the Pacific Stars & Stripes as an editor after the war ended.
In 1949 he graduated from Stanford University in Palo Alto, California, with a bachelor of arts degree in journalism. While at Stanford he served as editor of the school newspaper, the Stanford Daily. Upon graduation Lokey began working for United Press, now United Press International, and then at newspapers and in the public relations field. One newspaper he worked for was the Longview Daily News in Longview, Washington.
In 1961, Lokey started Business Wire, a news release service. Founded in San Francisco, California, the company started with seven clients on the first day of business. The company expanded and became an international wire service with 30 offices around the world. By 2003, the company had grown to 450 employees with annual revenue of $110 million. In 2006, Lokey sold Business Wire for approximately $600 million to Berkshire Hathaway, Warren Buffett's corporation.
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