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Alvin Marley

Investment executive Alvin Marley was born on October 31, 1947 in Vicksburg, Mississippi. Marley served as president of the Alpha Phi Alpha Fraternity Beta Omicron Chapter in 1967 during his junior year at Tennessee State University in Nashville before graduating from Tennessee State University with his B.S. degree in mathematics in 1968. He served in the United States Air Force as a captain and mathematician from 1968 to 1971 before receiving his M.B.A. degree from Indiana University’s Kelley School of Business in 1973 in Bloomington, Indiana.

Marley began his career in finance at First National Bank of Chicago as an investment equity analyst before working as a portfolio manager and vice president from 1973 to 1989. He then joined Brinson Partners, which became part of Swiss Bank Corporation, as a partner and portfolio manager where he worked from 1989 to 1997. When Swiss Bank Corporation merged with the United Bank of Switzerland, Marley was named managing director and head of small cap equities investment at the newly formed UBS where he worked from 1997 to 2004. In 2005, Marley was named equity partner and senior portfolio manager for small capitalization equities at Lombardia Capital Partners, LLC. He was then promoted to serve as Lombardia Capital’s chief executive officer in 2013 and served in that capacity until 2017, when he stepped down as CEO. However, he retained his position as Lombardia’s senior portfolio manager for the small-cap core value and the small-cap value strategies.

An alumni supporter of his undergraduate alma mater, Marley established two scholarship programs in his name at Tennessee State University. He is also the recipient of numerous awards including the Wallace L. Jones Alumni Lifetime Achievement Award of the Consortium for Graduate Study in Management in 2013. In 2016, he also was selected as a Kelley School of Business Academy of Alumni Fellow.

A supporter of the Black Ensemble Theatre in Chicago, and a member of the Chicago’s NAACP Chapter and the Chicago Urban League, Alvin has mentored many over his forty year business career.

Marley has one adult daughter, Lisa, and three grandchildren.

Alvin Marley was interviewed by The HistoryMakers on February 20, 2018.

Accession Number

A2018.017

Sex

Male

Interview Date

2/20/2018

Last Name

Marley

Maker Category
Marital Status

Divorced

Middle Name

W

Schools

Tennessee State University

Kelley School of Business

Rosa A. Temple High School

First Name

Alvin

Birth City, State, Country

Vicksburg

HM ID

MAR21

Favorite Season

Summer

State

Mississippi

Favorite Vacation Destination

Florida

Favorite Quote

Common Sense Is Not So Common.

Bio Photo
Speakers Bureau Region State

Illinois

Birth Date

10/31/1947

Birth Place Term
Speakers Bureau Region City

Chicago

Country

United States of America

Favorite Food

Spaghetti

Short Description

Investment executive Alvin Marley (1947- ) served at Lombardia Capital Partners LLC CEO from 2013 to 2017 after serving as managing director and head of small cap equities investment at UBS from 1997 to 2004.

Employment

Lombardia Capital Partners

Swiss Bank

Brinson Partners

First National Bank of Chicago

Favorite Color

Gray and Blue

Richard E. Stephenson, Jr.

Richard Earl Stephenson was born in Nashville, Tennessee on June 4, 1929. Following the divorce of his parents, his mother, Odessa returned to school. While there, she met the man who became Stephenson's stepfather, and both of them stressed the importance of education. When World War II broke out, Stephenson's stepfather George was drafted into the Army and Stephenson became the man of the house, working hard and continuing his schooling. A skilled pianist, Stephenson earned a piano fellowship to Fisk University and he also played in a jazz ensemble. Transferring to Tennessee A & I State College, Stephenson earned a B.S. in chemistry in 1950. He later returned to school to earn an M.A. from the University of Chicago in 1967 and an Ed.D. in administration and supervision from Nova University in Florida in 1976.

After earning his B.S., Stephenson joined the Army, where he served from 1951 to 1954 as an artillery and guided missile officer. Following his discharge, he relocated to Chicago, where he first worked as a research associate at the University of Illinois Medical School before going into education in 1959 as a teacher. From there, he began his ascent through the administrative levels, serving as first an assistant principal at Forrestville Elementary in 1962 and retiring in 1993 as the Interim General Superintendent of Chicago Public Schools. During his years of involvement with the Chicago public schools, Stephenson also served as vice-president of the Illinois High School Association and vice-president of the Chicago Area Boy Scouts.

Today Stephenson is still active with Chicago public schools, lending his support as chairman of the selection committee that chooses outstanding principals and administrators. He has also been involved with charter schools that oversee "at risk" youth. In 2002, he was honored by the National Association for Equal Opportunity in Higher Education as an outstanding alumnus of Tennessee State University. Stephenson is married to retired teacher Ruby Jordan Stephenson. They have four children.

Stephenson passed away on November 12, 2018.

Accession Number

A2003.258

Sex

Male

Interview Date

10/30/2002

Last Name

Stephenson

Maker Category
Marital Status

Married

Middle Name

E.

Schools

Washington Junior High School

University of Chicago

Tennessee State University

Nova Southeastern University

Pearl-Cohn Entertainment Magnet High School

St. Vincent de Paul School

First Name

Richard

Birth City, State, Country

Nashville

HM ID

STE02

Favorite Season

Summer

State

Tennessee

Favorite Vacation Destination

Mexico

Favorite Quote

I Can't Stop You From Coming Over Here, But I Will Sure Delay Your Departure.

Bio Photo
Speakers Bureau Region State

Illinois

Birth Date

6/4/1929

Birth Place Term
Speakers Bureau Region City

Chicago

Country

United States

Favorite Food

Steak, Potatoes, Salad

Death Date

11/12/2018

Short Description

School superintendent Richard E. Stephenson, Jr. (1929 - 2018) was the former interim general superintendent of Chicago Public Schools. Stephenson has also served as the vice-president of the Chicago area Boy Scouts.

Employment

University of Illinois Medical Center

Chicago Public Schools

Favorite Color

Dark Brown

Timing Pairs
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DAStories

Tape: 1 Story: 1 - Slating of Richard E. Stephenson, Jr.'s interview

Tape: 1 Story: 2 - Richard E. Stephenson, Jr. lists his favorites

Tape: 1 Story: 3 - Richard E. Stephenson, Jr. talks about his maternal family background

Tape: 1 Story: 4 - Richard E. Stephenson, Jr. talks about a paternal uncle

Tape: 1 Story: 5 - Richard E. Stephenson, Jr. talks about his paternal family background

Tape: 1 Story: 6 - Richard E. Stephenson, Jr. describes his relationship with his father, pt. 1

Tape: 1 Story: 7 - Richard E. Stephenson, Jr. describes his relationship with his father, pt. 2

Tape: 1 Story: 8 - Richard E. Stephenson, Jr. describes his stepfather

Tape: 1 Story: 9 - Richard E. Stephenson, Jr. talks about his mother and she and his stepfather's college educations

Tape: 1 Story: 10 - Richard E. Stephenson, Jr. recalls playing pranks on his mother and stepfather as a child

Tape: 2 Story: 1 - Richard E. Stephenson, Jr. talks about his strabismus and playing football in elementary school

Tape: 2 Story: 2 - Richard E. Stephenson, Jr. talks about his talent for playing piano and a few of his favorite piano players

Tape: 2 Story: 3 - Richard E. Stephenson, Jr. talks about the challenge of attending a Catholic school as a member of a Methodist household

Tape: 2 Story: 4 - Richard E. Stephenson, Jr. talks about his childhood household

Tape: 2 Story: 5 - Richard E. Stephenson, Jr. recalls a harsh punishment he received from a nun at St. Vincent de Paul School in Nashville, Tennessee

Tape: 2 Story: 6 - Richard E. Stephenson, Jr. explains how teachers at Pearl High School instilled a sense of competition within him

Tape: 2 Story: 7 - Richard E. Stephenson, Jr. talks about playing high school basketball in the 1940s

Tape: 2 Story: 8 - Richard E. Stephenson, Jr. talks about working in high school to support his family

Tape: 2 Story: 9 - Richard E. Stephenson, Jr. talks about his decision to attend Tennessee Agricultural and Industrial State University

Tape: 3 Story: 1 - Richard E. Stephenson, Jr. talks about his experience at Tennessee Agricultural and Industrial State University in the late 1940s

Tape: 3 Story: 2 - Richard E. Stephenson, Jr. talks about his relationship with Dr. Clyde Dillard at Tennessee Agricultural and Industrial State University

Tape: 3 Story: 3 - Richard E. Stephenson, Jr. talks about his extracurricular activities at Tennessee Agricultural and Industrial State University

Tape: 3 Story: 4 - Richard E. Stephenson, Jr. recalls enrolling in Officers Candidate School and his first duty assignment at Camp Chaffee, Arkansas

Tape: 3 Story: 5 - Richard E. Stephenson, Jr. recalls dealing with racial discrimination in the U.S. Army in the 1950s

Tape: 3 Story: 6 - Richard E. Stephenson, Jr. recalls the circumstances surrounding his college commencement address

Tape: 3 Story: 7 - Richard E. Stephenson, Jr. describes his experience in Officer Candidate School in the early 1950s

Tape: 3 Story: 8 - Richard E. Stephenson, Jr. remembers a time when a fellow officer defended him at Officer Candidate School

Tape: 3 Story: 9 - Richard E. Stephenson, Jr. talks about his first job after retiring from the U.S. Army and how he met his wife

Tape: 4 Story: 1 - Richard E. Stephenson, Jr. recalls pranks he played as a research assistant at University of Illinois College of Medicine in Chicago, Illinois

Tape: 4 Story: 2 - Richard E. Stephenson, Jr. explains his decision to quit his research assistant position at University of Illinois College of Medicine

Tape: 4 Story: 3 - Richard E. Stephenson, Jr. talks about his early teaching career

Tape: 4 Story: 4 - Richard E. Stephenson, Jr. talks about changes to Chicago, Illinois' 47th Street

Tape: 4 Story: 5 - Richard E. Stephenson, Jr. explains how he became assistant principal of Forrestville Upper Grade Center in Chicago, Illinois in 1967

Tape: 4 Story: 6 - Richard E. Stephenson, Jr. recalls an encounter between a student and a police officer at Forrestville Upper Grade Center in Chicago, Illinois

Tape: 4 Story: 7 - Richard E. Stephenson, Jr. talks about a family he tutored in Chicago, Illinois

Tape: 4 Story: 8 - Richard E. Stephenson, Jr. explains how he became principal of Dunbar High School in Chicago, Illinois in 1971, pt. 1

Tape: 5 Story: 1 - Richard E. Stephenson, Jr. explains how he became principal of Dunbar High School in Chicago, Illinois in 1971, pt. 2

Tape: 5 Story: 2 - Richard E. Stephenson, Jr. shares a story demonstrating his creative approach to problem-solving

Tape: 5 Story: 3 - Richard E. Stephenson, Jr. explains how he became principal of Dunbar High School in Chicago, Illinois in 1971, pt. 3

Tape: 5 Story: 4 - Richard E. Stephenson, Jr. explains his decision to accept the position of principal at Dunbar High School in Chicago, Illinois

Tape: 5 Story: 5 - Richard E. Stephenson, Jr. describes how he cultivated a relationship with Lovell Roebuck, a shop teacher at Dunbar High School in Chicago, Illinois, pt. 1

Tape: 5 Story: 6 - Richard E. Stephenson, Jr. describes how he cultivated a relationship with Lovell Roebuck, a shop teacher at Dunbar High School in Chicago, Illinois, pt. 2

Tape: 5 Story: 7 - Richard E. Stephenson, Jr. recalls an interaction with Dunbar High School music teacher Willie Naylor

Tape: 5 Story: 8 - Richard E. Stephenson, Jr. talks about individuals he met at Dunbar High School in Chicago, Illinois

Tape: 5 Story: 9 - Richard E. Stephenson, Jr. talks about Dunbar High School in Chicago, Illinois during his tenure as principal

Tape: 5 Story: 10 - Richard E. Stephenson, Jr. talks about moving into an Eastern European neighborhood in Chicago, Illinois

Tape: 6 Story: 1 - Richard E. Stephenson, Jr. talks about the demographics of Chicago, Illinois' Chatham neighborhood in the 1960s and 1970s

Tape: 6 Story: 2 - Richard E. Stephenson, Jr. talks about Chicago School Superintendent Benjamin Willis and "Willis Wagons"

Tape: 6 Story: 3 - Richard E. Stephenson, Jr. describes the qualities of a successful school administrator

Tape: 6 Story: 4 - Richard E. Stephenson, Jr. talks about instituting better accounting procedures as principal of Dunbar High School in Chicago, Illinois

Tape: 6 Story: 5 - Richard E. Stephenson, Jr. explains the respective roles of school administrators and central staff in the Chicago Public School system

Tape: 6 Story: 6 - Richard E. Stephenson, Jr. talks about the allocation of federal education funds

Tape: 6 Story: 7 - Richard E. Stephenson, Jr. shares stories from his tenure as Chicago school district superintendent, pt. 1

Tape: 6 Story: 8 - Richard E. Stephenson, Jr. shares stories from his tenure as Chicago School District Superintendent, pt. 2

Tape: 7 Story: 1 - Richard E. Stephenson, Jr. recalls once intervening in principal selection at a local school council meeting as Chicago school district superintendent

Tape: 7 Story: 2 - Richard E. Stephenson, Jr. shares his views on school reform

Tape: 7 Story: 3 - Richard E. Stephenson, Jr. explains how he became interim superintendent of Chicago Public Schools in 1993

Tape: 7 Story: 4 - Richard E. Stephenson, Jr. assesses the contemporary state of teacher salaries in the Chicago Public Schools

Tape: 7 Story: 5 - Richard E. Stephenson, Jr. lists education nonprofits to which he contributes

Tape: 7 Story: 6 - Richard E. Stephenson, Jr. describes his hopes and concerns for the African American community

Tape: 7 Story: 7 - Richard E. Stephenson, Jr. talks about the contemporary state of the Chicago Public Schools

Tape: 7 Story: 8 - Richard E. Stephenson, Jr. shares his views on charter schools and public school vouchers

Tape: 7 Story: 9 - Richard E. Stephenson, Jr. reflects upon his legacy

Tape: 7 Story: 10 - Richard E. Stephenson, Jr. considers what he would have done differently

Tape: 7 Story: 11 - Richard E. Stephenson, Jr. describes how he would like to be remembered

Tape: 7 Story: 12 - Richard E. Stephenson, Jr. narrates his photographs

DASession

1$1

DATape

4$7

DAStory

8$1

DATitle
Richard E. Stephenson, Jr. explains how he became principal of Dunbar High School in Chicago, Illinois in 1971, pt. 1
Richard E. Stephenson, Jr. recalls once intervening in principal selection at a local school council meeting as Chicago school district superintendent
Transcript
How did you become principal at Forestville [Upper Grade School, Chicago, Illinois]? Well, I could see--almost see how you got--$$Yeah, the--I had to deal with these rebellious teachers, and when they saw--when the community and the kids saw that I could, they wanted me. And of course, the district superintendent wanted me because he sent me there, so when I became the acting principal there and then, of course, when I took the principal's exam and passed it, I--they assigned me there--$$Okay.$$--and shortly after that, but every--almost everywhere I've gone in the school system [Chicago Public Schools, CPS], and 'course, maybe the school system itself was a series of crises 'cause it's--it seems to be in a crisis all the time. But my experiences in the school system have been--has been a series of crises. I left--I went into Forestville as a--you know, as a result of a crisis. I left Forestville and went to Dunbar [High School, later, Dunbar Vocational Career Academy High School, Chicago, Illinois] as a result of a crisis.$$Now, what was the crisis at Dunbar?$$The principal of Dunbar was promoted, and the assistant principal was made the acting principal for two years. He assumed that he would pass the principal's exam. They had to take an exam. At the end of the two years, he took the exam and did not pass it for the fifth time. He then got the teacher's--well, he, he upset the teachers, got them to petition, to get a lawyer, and insist that no principal be sent there, that instead, asked--demanded that he be made the director of the school, and had the kids telling Mrs. [Wendell E.] Green who, at that time, was a black board member, they would walk out if he were not made the principal. And he told the guy who was supposed to be assigned there for the summer school session who was his buddy, who played poker with him every Friday night that the shop teachers would burn down the school (laughter) if he came there. Dunbar was a tough school, and they knew it was a tough school because, as an example, at the strike just preceding this, there was an assistant principal who went into the school with the principal. The teachers not only--and I guess these was shop teachers--they're the tough ones--they not only went to his home and painted his garage and slashed his tires and all that kind of stuff, but when he came back to school, they put a bloody hog's head on his desk.$So, on the following Friday, I was there at the [teachers] meeting. He introduced me as Mr. Stephenson [HM Richard E. Stephenson, Jr.], and of course, I started to explain the [principal selection] process, and about--as soon as I started to explain, he interrupted me. He said, "Mr. Stephenson, so-and-so-and-so-and-so-and-so." And I noticed that the black teachers looked at each other and punched each other, and I thought, Oh, yeah, that's right, this guy refused to call [William] Bill Finch, Dr. Finch. And so, I said, "Okay." So I addressed this guy as Charlie [ph.]. "Oh, Charlie--listen, Charlie, you so-and-so-and-so-and-so." He was--and he is Dr. Charles--I've forgotten his last name. Oh, man, that killed him. The teachers just--you could see 'em, you know, light up, and we, you know, I did this several times. Well, there was no more of that. At any rate, I told them. The next night was the--the next Tuesday night was the council meeting. I've never seen a council meeting like that. I went in--$$It's a local school council meeting [for Chicago Public Schools, CPS].$$Local school council meeting for principal selection. I went in--dead silence, and a auditorium full of people. Nobody talkin' to anybody. And when they wouldn't talk to--you know, they weren't--even the council members weren't talkin'. So I got up and I explained to the council, and to the people that this is the most important thing that a council, council could do, select their principal that, you know, if you don't do it, I have to do it, and after all, you're gonna be with this person for the next four years, and you don't want me to select who you're gonna be sleeping with for the next four years. Well, that got their attention. They voted him out ten-nothing. As I left, couple of--one of the council--well, I'd better not tell that. That's kind of bawdy.