George David
Encyclopedia
George David is the former Chairman and Chief Executive Officer
of United Technologies Corporation
. David was elected UTC’s President in 1992 and Chief Executive Officer in 1994. He joined UTC’s Otis Elevator subsidiary in 1975 and became its President in 1986.
on a full scholarship. He received his B.A. from Harvard and M.B.A. from the University of Virginia
's Darden Graduate School of Business Administration
. He is a board member of Citigroup
, a member of The Business Council and the Business Roundtable, and Vice Chairman of the Peterson Institute for International Economics.
He has served on the boards of the Graduate Business School at the University of Virginia, the National Minority Supplier Development Council, the U.S.-ASEAN Business Council, the Trans-Atlantic Business Dialogue and the Wadsworth Atheneum Museum of Art
.
In 1999 the Russian Federation awarded David with the Order of Friendship
for his contributions to that nation’s economy, particularly to its aerospace industry. In 2001, he received the Air Force Association's John R. Alison Award for contributions to national defense by an industrial leader. In 2002, France named him to its Legion of Honor.
In 2000, he was named as one of America's Most Powerful People by Forbes magazine; and CEO of the Year by Industry Week in 2003.
He was awarded "CEO of the Year 2005" by Chief Executive Magazine
.
In 2007, his last full year as chief executive of United Technologies Corp., David reaped $65 million in total compensation.
He married his high school sweetheart, adopted three children and divorced more than twenty-five years later.
He is in the process of divorcing 36-year-old Swede Marie Douglas-David, a former banker. She is contesting a $43 million postnuptial agreement
and is requesting a settlement of approximately $100 million.
David is a member of the New York Yacht Club. He is an avid yachtsman and racer actively campaigning his R/P 90 named Rambler (formerly Alfa Romeo I, ex-Shockwave
) in regattas around the world. He then owned the Rambler 100. The ship capsized during the 2011 Fastnet race
. All crew, including David, were rescued.
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of United Technologies Corporation
United Technologies Corporation
United Technologies Corporation is an American multinational conglomerate headquartered in the United Technologies Building in Hartford, Connecticut...
. David was elected UTC’s President in 1992 and Chief Executive Officer in 1994. He joined UTC’s Otis Elevator subsidiary in 1975 and became its President in 1986.
Life and career
David was born in Pennsylvania. His mother's name was Margaret; his father, Charles Wendell was a professor at the University of Pennsylvania and one of America's first Rhodes scholars. David left home after high school graduation in 1962 and enrolled in Harvard UniversityHarvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
on a full scholarship. He received his B.A. from Harvard and M.B.A. from the University of Virginia
University of Virginia
The University of Virginia is a public research university located in Charlottesville, Virginia, United States, founded by Thomas Jefferson...
's Darden Graduate School of Business Administration
Darden Graduate School of Business Administration
The University of Virginia Darden School of Business is the graduate business school associated with the University of Virginia in Charlottesville, Virginia. The Darden School is one of the world's leading business schools, offering MBA, Ph.D. and Executive Education programs...
. He is a board member of Citigroup
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
, a member of The Business Council and the Business Roundtable, and Vice Chairman of the Peterson Institute for International Economics.
He has served on the boards of the Graduate Business School at the University of Virginia, the National Minority Supplier Development Council, the U.S.-ASEAN Business Council, the Trans-Atlantic Business Dialogue and the Wadsworth Atheneum Museum of Art
Wadsworth Atheneum
The Wadsworth Atheneum is the oldest public art museum in the United States, with significant holdings of French and American Impressionist paintings, Hudson River School landscapes, modernist masterpieces and contemporary works, as well as extensive holdings in early American furniture and...
.
In 1999 the Russian Federation awarded David with the Order of Friendship
Order of Friendship
The Order of Friendship is a state decoration of Russia established by decree # 442 of March 2, 1994 of the President of the Russian Federation....
for his contributions to that nation’s economy, particularly to its aerospace industry. In 2001, he received the Air Force Association's John R. Alison Award for contributions to national defense by an industrial leader. In 2002, France named him to its Legion of Honor.
In 2000, he was named as one of America's Most Powerful People by Forbes magazine; and CEO of the Year by Industry Week in 2003.
He was awarded "CEO of the Year 2005" by Chief Executive Magazine
Chief Executive Magazine
Chief Executive is a business magazine published by Chief Executive Group, LLC.-Description:Chief Executive began publication in 1976 and JP Donlon is its Editor-in-Chief. The magazine is published six times a year and has a circulation of 42,000 copies is audited twice yearly by BPA Worldwide...
.
In 2007, his last full year as chief executive of United Technologies Corp., David reaped $65 million in total compensation.
He married his high school sweetheart, adopted three children and divorced more than twenty-five years later.
He is in the process of divorcing 36-year-old Swede Marie Douglas-David, a former banker. She is contesting a $43 million postnuptial agreement
Postnuptial agreement
A postnuptial agreement is a written contract executed after a couple gets married, or have entered a civil union, to settle the couple's affairs and assets in the event of a separation or divorce. It is normally "notarized" or acknowledged, and is usually the subject of statute of frauds...
and is requesting a settlement of approximately $100 million.
David is a member of the New York Yacht Club. He is an avid yachtsman and racer actively campaigning his R/P 90 named Rambler (formerly Alfa Romeo I, ex-Shockwave
Alfa Romeo (yacht)
Alfa Romeo can refer to several yachts owned by Neville Crichton, the Alfa Romeo automobile distributor for Australia and New Zealand. In 2003, Crichton was named Yachting New Zealand's "Sailor of the Year" for his accomplishments with yacht Alfa Romeo I.Alfa Romeo I is a fixed keel "supermaxi"...
) in regattas around the world. He then owned the Rambler 100. The ship capsized during the 2011 Fastnet race
Fastnet race
The Fastnet Race is a famous offshore yachting race. It is considered one of the classic offshore races. It takes place every two years over a course of . The race starts off Cowes on the Isle of Wight in England, rounds the Fastnet Rock off the southwest coast of Ireland and then finishes at...
. All crew, including David, were rescued.