Albert Nicholas (CEO)

Albert O. Nicholas
Born (1931-01-24)January 24, 1931
Rockford, Illinois, U.S.
Died August 4, 2016(2016-08-04) (aged 85)
Milwaukee, Wisconsin, U.S.
Nationality United States of America
Education University of Wisconsin–Madison (B.A., M.B.A.)
Occupation C.E.O.
Businessman
Chartered Financial Analyst
Employer Nicholas Company, Inc.
Known for All-American guard for the Wisconsin Badgers from 1949 to 1952
Religion Episcopalian

Albert O. "Ab" Nicholas (January 24, 1931 – August 4, 2016) was the chairman, CEO, and portfolio manager of Nicholas Company, Inc. founded in 1967[1] and based in Milwaukee, Wisconsin. In April 2010, he was one of four inducted into the Wisconsin Business Hall of Fame.[2] According to Bloomberg Markets, "The Nicholas Fund, which he has run since 1969, has topped the Standard & Poor’s 500 Index by an average of 2 percentage points a year for the past 40 years and has beaten it every year since 2008.[3][4]

Education

Born on January 24, 1931 in Rockford, Illinois,[5] Nicholas earned a Bachelor’s in Economics at the University of Wisconsin–Madison and played guard for the basketball team. He spent two years in the military prior to returning for an M.B.A. in Finance and Investments.[6]

Early career

Nicholas began his career at the Northwestern National Insurance Company, where he worked as an investment analyst. He moved on to Marshall and Ilsley Bank before co-founding Nicholas Company.[7]

Affiliations

He was a member of the Milwaukee Investment Analysts Society, and a Chartered Financial Analyst.[8]

Charitable Work

In March 2015, the Boys & Girls Clubs of Greater Milwaukee announced "that it has received a $2 million donation from longtime donor and trustee Albert "Ab" Nicholas to fund and develop a recreational basketball league within its clubs."[9]

He also made significant contributions to the Milwaukee War Memorial Center[10] as well as the University of Wisconsin. The donation of $50 million was made "to inspire other donors to create undergraduate and athletic scholarships and graduate fellowships for UW-Madison students. The gift will match, on a dollar-for-dollar basis, other donations made to support scholarship programs. The UW Foundation describes the Nicholas' donation as'the second-largest household gift in the university’s history.'",[11][12] Another contribution to the school endowed a deanship for the University of Wisconsin-Madison Business School which had previously been paid with university funds.[13]

Nicholas died on August 4, 2016, at the age of 85.[14]

References

  1. ↑ Nicholas Investment Team
  2. ↑ Four inducted into Wis. Business Hall of Fame - Milwaukee - Milwaukee Business Journal
  3. ↑ Fund Manager Ab Nicholas Has Been Beating S&P 500 for 40 Years - Bloomberg
  4. ↑ "NSEIX". Retrieved 2016-08-05.
  5. ↑ About - AB NICHOLAS SCHOLARSHIP FOUNDATION
  6. ↑ Nicholas Investment Team
  7. ↑ Nicholas Investment Team
  8. ↑ Nicholas Investment Team
  9. ↑ Ab Nicholas makes $2M gift to Boys & Girls Clubs for youth basketball league - Milwaukee - Milwaukee Business Journal
  10. ↑ War Memorial Center raises $800,000 for veterans courtyard project - Milwaukee - Milwaukee Business Journal
  11. ↑ Ab Nicholas and his wife, Nancy, donate $50M for UW scholarships - Milwaukee - Milwaukee Business Journal
  12. ↑ Money manager Ab Nicholas launching $50 million scholarship program
  13. ↑ Nicholas gift funds UW business deanship - Milwaukee - Milwaukee Business Journal
  14. ↑ Gallagher, Kathleen (August 4, 2016). "Albert O. "Ab" Nicholas dies". Milwaukee Journal Sentinel. Retrieved August 4, 2016.

External links

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