Daley, was born in a working class neighborhood on May 15,the only son of Michael Daley, a sheet metal worker, and Lillian Dunne Daley.
He married Ethel S. Skakel and had 11 children. She later served as the U. Senator from Massachusetts since Twice married, he had three children from his first marriage and two stepchildren from his second. Family tragedies Kennedy outlived four of his children, who met tragic deaths while in the prime of their lives.
Intheir oldest daughter, Rosemary, underwent a lobotomy at the age of 23 after her father was recommended by doctors to take this course.
Lobotomies were a new procedure at the time but have since been discredited by the mental health community. The result of Rosemary's lobotomy was that she became mentally incapacitated for the rest of her life and lived in a residential care facility in Wisconsin until her death in January Rose, who was not informed of the intended procedure until after it was performed is said to have been "devastated; she considered it the first of the Kennedy family tragedies.
Four years later their daughter Kathleen became a widow when her husband was killed in action. Kathleen herself died in a plane crash infour years after the death of her husband.
In the same decade, their son John was seriously wounded when his boat was attacked by the Japanese. The family's second son, John Fitzgeraldwas assassinated in Dallas November 22,before completing his first term as U.
Their third son, Robert was assassinated in Los Angeles in while campaigning for the Democratic presidential nomination.
Intheir youngest son, Ted, the U. Senator from Massachusetts was involved in a scandal when a young woman, Mary Jo Kopechne, drowned while in his company. This incident came to be known as simply "Chappaquiddick" throughout the country, having happened in the channel between Chappaquiddick Island and Martha's Vineyard.
Business career Kennedy made a large fortune as a stock market and commodity speculator and by investing in real estate and a wide range of industries. He never built a significant business from scratch, but his timing as both buyer and seller was usually excellent.
Sometimes he made use of business information not available to the public, in ways which would later be made illegal as insider trading, but regulations were lighter in his era.
He later became the Chairman of the SEC. Early ventures After graduating from Harvard inhe took his first job as a state-employed bank examiner. This allowed him to learn a great deal about the banking industry.
Inthe Columbia Trust Bank, in which his father held a significant share, was under threat of takeover. Although skeptical of American involvement in World War Ihe sought to participate in war-time production as an assistant general-manager of Bethlehem Steel, a major shipyard in Quincy, Massachusetts.
There he oversaw the production of transports and warships critical to the war. In he set up his own investment company and became a multi-millionaire during the bull market of the s. It was a strikingly information-starved environment. Many firms whose securities were publicly traded published no regular reports or issued reports whose data were so arbitrarily selected and capriciously audited as to be worse than useless.
It was this circumstance that had conferred such awesome power on a handful of investment bankers like J. Morgan, because they commanded a virtual monopoly of the information necessary for making sound financial decisions.
Especially in the secondary markets, where reliable information was all but impossible for the average investor to come by, opportunities abounded for insider manipulation and wildcat speculation.Richard Joseph Daley was a six-term mayor of the city of Chicago () and the influential chair of the Cook County Democratic Central Committee from until his death in Chicago’s Richard Daley () was among the most famous big-city mayors of 20th century America.
He earned election to the Illinois House of Representatives in , and served as. Richard Joseph Daley (May 15, - December 20, ) was an American politician. Daley was Chicago's third mayor in a row from the Bridgeport neighborhood.
He served in that position longer than any other person. Daley, Richard Joseph (15 May –20 December ), mayor of Chicago, was born in a working-class neighborhood of Chicago, Illinois, the son of Michael Daley, a sheetmetal worker, and Lillian Dunne.
Richard Joseph Daley (May 15, – December 20, ) was an American politician who served as the 38th Mayor of Chicago for a total of 21 years beginning on April 20, , until his death on December 20, Education: DePaul University (LLB).
Richard Michael Daley (born April 24, ) is an American politician, lawyer, and author who served as the 43rd Mayor of Chicago, Illinois from to Daley was elected mayor in and was reelected five times until declining to run for a seventh term.
At 22 years, he was the longest-serving Chicago mayor, surpassing the tenure of his father, Richard J. Daley.