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Robert Millard '73

Chairman of the MIT Corporation

Chairman of the MIT Corporation

Robert Millard SB ‘73
Chairman of the MIT Corporation

As the Chairman of the MIT Corporation, Mr. Millard presides over all Corporation meetings and chairs the executive committee, the Corporation development committee, and the membership committee. In addition, he is a member of the investment committee.

Mr. Millard is a highly successful investment banker and businessman. He joined Kuhn Loeb & Co. in 1976 and became managing director of Lehman Brothers in 1983, where he built and led the risk arbitrage/proprietary investing business. He is currently the chairman of Realm Partners.

Mr. Millard has served on numerous nonprofit boards, including the New School and the Population Council. He is currently a member of the Council on Foreign Relations. Mr. Millard holds a bachelors degree in Architecture from MIT and an MBA from Harvard Business School. 

 

Highlights of this interview include:

  • He grew up on Long Island, New York and after his mother’s death he was abandoned by his family at age 16. He applied and was accepted to MIT as an orphan.
  • Started working on Wall Street in investment banking after graduating from Harvard Business School.
  • Built a successful hedge fund business at Lehman Brothers.
  • Made donations to MIT to give back but was soon asked to participate on a task force for student financial aid.
  • MIT is in many respects optimally sized.
  • The challenge of finding a different funding model for pure science.
  • Development in Kendall Square and the problem of affordable housing.
  • The creation of MITICo to manage the endowment.
  • Tenure is one of the things that makes institutions like MIT great.
  • The importance of the role of visiting committees at MIT.

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