Melvin T. Tukman is an American asset manager, investor and philanthropist. He is the co-founder and president of Tukman Grossman Capital Management, an investment firm based in

Larkspur, California Larkspur is a city in Marin County, California, Marin County, California, United States. Larkspur is located directly south of Kentfield, California, Kentfield and south of San Rafael, California, San Rafael, at an elevation of . As of the 2 ...

. He has managed capital for the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

and

Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...

. He is a large donor to the

Harvard Business School Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...

Early life

Melvin Theodore Tukman graduated from

Hunter College Hunter College is a public university in New York City, United States. It is one of the constituent colleges of the City University of New York and offers studies in more than one hundred undergraduate and postgraduate fields across five schools ...

, where he received a bachelor of arts degree. He received a master in business administration from the

in 1966.

Career

Tukman began his career as an investment manager in 1971. With Dan Grossman, Tukman co-founded Tukman Grossman Capital Management, an investment firm formerly known as Tukman Capital Management based in

, in 1980. Their initial investment was US$11 million. By 1991, the firm has US$496 million of assets under management, and it invested capital for

and the

. Some of its investments included shareholdings in

Ralston Purina Ralston Purina Company was a St. Louis, Missouri,–based American conglomerate with substantial holdings in animal feed, food, pet food, consumer products, and entertainment. On December 12, 2001, it merged with Swiss food-giant Nestlé's ...

Anheuser-Busch Anheuser-Busch Companies, LLC ( ) is an American brewing company headquartered in St. Louis, Missouri. Since 2008, it has been wholly owned by Anheuser-Busch InBev SA/NV (AB InBev), now the world's largest brewing company, which owns multiple ...

and

GEICO The Government Employees Insurance Company (GEICO ) is an American vehicle insurance company headquartered in Chevy Chase, Maryland. In addition to auto insurance, GEICO provides motorcycle, ATV, RV, boat, snowmobile, travel, pet, event, hom ...

. By 1995, the firm was the fourth largest shareholder of

CBS CBS Broadcasting Inc., commonly shortened to CBS (an abbreviation of its original name, Columbia Broadcasting System), is an American commercial broadcast television and radio network serving as the flagship property of the CBS Entertainme ...

and the seventh largest shareholder of

Capital Cities Communications Capital Cities/ABC Inc. was an American media company. It was founded in 1985 when Capital Cities Communications purchased the much larger American Broadcasting Companies, Inc. It was eventually acquired by The Walt Disney Company and re-branded i ...

(totalling 2.3 million shares).

Philanthropy

Tukman has made charitable donations to his alma mater, the Harvard Business School. He endowed the Mel Tukman Dean’s Fund at the HBS in 1999, which funded the Tukman Fellowship, awarded to academics Dennis W. Campbell,

Noam T. Wasserman Noam T. Wasserman is an American academic. He is currently the dean of the Yeshiva University Sy Syms School of Business. Previously, he held the position of professor of clinical entrepreneurship at the University of Southern California and the d ...

, Scott A. Snook and Shikhar Ghosh. In March 2015, the fellowship was renamed the Mel Tukman Senior Lectureship after he donated to the Harvard Business School Campaign. With his wife, Tukman supports the Lois and Mel Tukman Endowed Assistant Professorship at

Cornell University Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ...

, which is held by Tashara Marie Leak. They have also donated to New Leaders.

Personal life

Tukman has a wife, Lois, who formerly served on the board of trustees of

The Branson School The Branson School (also known as Branson, Branson School, or KBS) is a co-educational College-preparatory school, college-preparatory high school for students in grades 9–12. The school has 370 students, and is located in Ross, California, no ...

. They summer in Chilmark on

Martha's Vineyard Martha's Vineyard, often simply called the Vineyard, is an island in the U.S. state of Massachusetts, lying just south of Cape Cod. It is known for being a popular, affluent summer colony, and includes the smaller peninsula Chappaquiddick Isla ...

, where they have owned a summer house since 1989.

References

{{DEFAULTSORT:Tukman, Melvin T. Living people People from Larkspur, California People from Chilmark, Massachusetts Hunter College alumni Harvard Business School alumni American company founders American investors American philanthropists Year of birth missing (living people)