Born: August 5, 1926, New York, New York [Died] May 4, 1995, Washington, DC American banker. He served as president of the International Bank for Reconstruction and Development (World Bank) from 1991 to 1995. He assumed his position at a critical time when 23 new countries joined the World Bank following the collapse of the Soviet Union. He focused on supporting poverty reduction programs, and significantly expanded lending to environmental projects, health, education, and family planning. He also expanded the bank's advisory role to recipient countries, particularly in restructuring the public sector. He worked to improve cost-effectiveness, eliminating about 240 senior positions immediately after assuming his position in 1991, and announcing a 6% budget cut in 1994. After graduating from Harvard University, he spent 40 years at JP Morgan & Co., one of Wall Street's most prestigious investment banks, serving as vice president, president, chairman and CEO. He persuaded the company's management to enter the untapped Eurodollar market (→Eurodollar) after the bank's acquisition of Guaranty Trust, and led the bank to prosperity. He was said to have been earning an annual salary of $2 million at JP Morgan, but accepted a position as president of the World Bank at the request of President George H. W. Bush, with an annual salary of $285,000. He resigned as president in March 1995 while undergoing cancer treatment. Preston |
[生]1926.8.5. ニューヨーク,ニューヨーク [没]1995.5.4. ワシントンD.C. アメリカ合衆国の銀行家。1991~95年,国際復興開発銀行(世界銀行)総裁を務めた。ソビエト連邦崩壊に伴って 23ヵ国が世界銀行に新規加盟した重要な時期に,総裁の任にあたった。貧困削減計画の支援に力を入れ,環境事業,保健,教育,家族計画向けの融資を大幅に拡大した。また融資先諸国に対する助言的な機能の拡充,特に各国の公共部門の再編に尽力した。費用対効果比の向上に努め,1991年の総裁着任直後に約 240の上級職を廃止,1994年には 6%の予算削減を発表した。ハーバード大学卒業後,40年にわたってウォール街屈指の名門投資銀行,J.P.モルガン・アンド・カンパニーに在籍し,副社長,社長,会長兼最高経営責任者 CEOを歴任。ギャランティ・トラスト買収後の同社経営陣を説得して未開のユーロ・ダラー市場(→ユーロ・ダラー)に参入し,J.P.モルガンを繁栄に導いた。J.P.モルガンでは 200万ドルの年俸を得ていたといわれるが,ジョージ・H.W.ブッシュ大統領の要請に応じて年俸 28万5000ドルの世界銀行総裁に就任した。癌治療中の 1995年3月に総裁を辞任した。 プレストン
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