William Schreyer
| William A. Schreyer | |
|---|---|
| Born |
January 13, 1928 Williamsport, Pennsylvania |
| Died | January 22, 2011 (aged 83) Princeton, New Jersey |
| Citizenship | United States |
| Education | Pennsylvania State University |
| Occupation | Financial services executive, philanthropist |
| Spouse(s) | Joan Legg |
William Allen Schreyer (January 13, 1928 – January 22, 2011) was chairman emeritus and former CEO of Merrill Lynch & Co., where he worked for 45 years total, eight of them as chairman and CEO. He was also a noted philanthropist and served as former president of Pennsylvania State University's Board of Trustees.
William A. Schreyer was born in Williamsport, Pennsylvania, on January 13, 1928. His father managed the local office of a stock brokerage that was later acquired by Merrill Lynch. As a high school student, Schreyer worked there part-time, tasked with writing the day’s stock prices on a chalkboard. Schreyer then attended Penn State, where he joined the Sigma Phi Epsilon fraternity. He graduated in 1948 with a degree in commerce and finance. Although he was accepted by Harvard Business School to matriculate in fall 1949, he decided instead to enroll in a new Merrill Lynch internship.
Schreyer worked as a junior executive trainee at Merrill Lynch in Buffalo, New York, where he also met his wife Joan (née Legg). In the early 1950s he spent two years on active duty as a lieutenant in the U.S. Air Force stationed in Germany in order to fulfill his Reserve Officers' Training Corps (ROTC) obligations; this experience is purportedly when his interest in international financial markets began to emerge. He became the head of the Trenton, New Jersey office in 1963, eventually becoming the New York metropolitan regional director in 1972. He was appointed the head of Merrill Lynch Government Securities in 1973.
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