Thomas A. Saunders III
| Thomas A. Saunders III | |
|---|---|
| Born | 1937 (age 79–80) |
| Nationality | American |
| Education |
Virginia Military Institute University of Virginia |
| Occupation | Investment banker Philanthropist |
| Political party | Republican |
| Spouse(s) | Jordan (Horner) Saunders |
| Children | Calvert Saunders Moore Thomas A. Saunders IV |
Thomas A. Saunders III (born 1937) is an American investment banker and philanthropist.
Saunders graduated from the Virginia Military Institute in 1958, with a B.S. in electrical engineering, and from the University of Virginia's Darden School of Business with an MBA in 1967.
Saunders was a Managing Director of Morgan Stanley from 1974 to August 1989. For ten years he headed the financial services corporation's equity syndications group, developing relations with corporate clients, including DuPont, Eastman Kodak, Exxon, General Motors, and USX. In the early 1980s, Saunders raised $3.8 billion in equity for AT&T in just 18 months. Following the breakup of the Bell System, he headed the advisory team that determined how AT&T would sell its regional subsidiaries. When British Telecommunications was undergoing privatization in 1983, Saunders was appointed as the company's senior U.S. adviser. He was then hired by Conrail president Stanley Crane to determine a privatization plan for the rail company. At Morgan Stanley, Saunders raised $2.2 billion to create a leveraged buyout fund, which he chaired.
Saunders co-founded the private equity firm Saunders Karp & Megrue in 1990. He was a Dollar Tree director since 1993. He has been the President and CEO of Ivor & Co., LLC, a private investment company, since 2000. Saunders also worked briefly for Allis-Chalmers Manufacturing Company. From 1995 to 2016, Saunders was an Independent Director of Hibbett Sports. He was on the Board of Directors of Teavana Holdings until it was bought out by Starbucks on December 31, 2012.
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