- CEO State Street Investment Corp
- Treasurer of Harvard University
Biography
John Codman Cabot was born October 1898 in Boston, Suffolk County, Massachusetts, United States to Henry Bromfield Cabot (1861-1932) and Ann Macmaster Sturgis Codman (1864-1944) and died 4 September 1994 Needham, Norfolk County, Massachusetts, United States of unspecified causes. He married Virginia Converse (1900-1995) September 1924 in Massachusetts, United States.
Paul Codman Cabot was an American businessman. He served as chief executive and chairman of the State Street Investment Corporation. He was also treasurer of Harvard University.
Career
A Boston Brahmin and a member of the Cabot family, Cabot was born in Brookline, Massachusetts. His father, Henry Bromfield Cabot, was a lawyer and investor. Cabot was educated at Harvard College and then Harvard Business School from which he graduated cum laude.
In 1924 he formed the State Street Investment Corporation. which was the second open-end mutual fund legally incorporated but the first to operate. He was one of the first practitioners of fundamental equity research including on-site management interviews and also among the first to favor the price-earnings ratio in his valuation work over dividend yield. These innovations contributed to outstanding investment performance for decades. During the 1920s he uncovered the unethical practices of certain other funds. Due to the fame this gained him he was able to influence important New Deal securities legislation such as the Revenue Act of 1936 and the Investment Company Act of 1940.
He was treasurer of Harvard University between 1948 and 1965, during which period the university's endowment grew from $177 million to over $1 billion.
He retired as chief executive of State Street in 1958, although he retained his position as chairman.
His brother was Charles Codman Cabot.
Children
| Name | Birth | Death | Joined with |
| Virginia Cabot (c1926-) | |||
| Elizabeth Cabot (c1928-) | |||
| Paul Codman Cabot (1930-2014) | |||
| Frederick Converse Cabot (1936-2016) | |||
| Edmund Converse Cabot (1936-2003) | |||
Siblings
| Name | Birth | Death | Joined with |
| Henry Bromfield Cabot (1894-1974) | |||
| Powell Mason Cabot (1896-1956) | |||
| Paul Codman Cabot (1898-1994) | October 1898 Boston, Suffolk County, Massachusetts, United States | 4 September 1994 Needham, Norfolk County, Massachusetts, United States | Virginia Converse (1900-1995) |
| Charles Codman Cabot (1900-1976) | 22 November 1900 Brookline, Norfolk County, Massachusetts, United States | August 1976 Dover, Norfolk County, Massachusetts, United States | Ellen Phelps White (1903-1997) |
| Ann McMaster Cabot (1903-) | |||
| Susan Mary Cabot (1907-1998) | |||
Residences
References
- Paul Cabot - disambiguation
- Cabot Family of Boston - Boston Brahmin
- Cabot in Norfolk County, Massachusetts -
Footnotes (including sources)
| ‡ General |
|