Investors Professor, Graduate School of Business, Stanford University
Advisor 1979 - 2018
Professor John G. "Jack" McDonald passed away on January 26, 2018 at the age of 80. Jack had been a member of the InterWest Advisory Committee since its inception in 1979. The InterWest team is immensely appreciative and grateful for Jack’s support, guidance and advice over our 38-year relationship.
Jack was the Stanford Investors Professor in the Graduate School of Business (GSB) at Stanford University. He was a recognized expert in private and public equity investing and had served as the vice chairman of the Board of Governors for the National Association of Securities Dealers (NASD), which operated the NASDAQ Stock Market.
Jack went to Stanford as an undergraduate to study engineering in 1955. His participation in ROTC provided a scholarship for his Stanford education. He graduated in 1960, and received his MBA in 1962. After his MBA, he served as a Lieutenant in the U.S. Army 25th Infantry Division. He was deeply proud of his time in the Army and his service to our country. Upon leaving the Army, Jack returned to Stanford and completed his PhD at the GSB in 1967. He taught for a year in Paris, and then took up a GSB faculty position in 1968. So began the start of a 50-year run, teaching what is known today as Finance 321 –Investment Management and Entrepreneurial Finance. He also taught the GSB’s first class on private equity, Private Equity Investing, as well as The Investment Seminar and other classes in the Stanford Executive Program.
Jack was promoted to tenure in 1975, and received his first endowed chair in 1978. In 2004, his students and friends endowed the Stanford Investors Chair, which Jack held through this year. Last year, in another act of generosity, Jack’s students and friends provided the resources to build and dedicate Highland Hall and GSB Commons. Both Highland Hall and the Stanford Investors Chair will be renamed in Jack’s honor.