Mendelson, Morris 1922-2008

OBITUARY NOTICE—

See index for CA sketch: Born June 22, 1922, in Moncton, New Brunswick, Canada; died March 16, 2008, in Broomall, PA. Educator, investment and securities expert, management consultant, and author. Mendelson is known as a member of the team that spearheaded the computerization of the New York Stock Exchange. The plan that he and his colleagues envisioned as early as 1975 finally became a reality in the 1980s, replacing the noise and chaos of the trading floor with a more dignified and paperless transaction process. At the time Mendelson was a longtime professor of economics and finance at the University of Pennsylvania, beginning in 1961; he also taught at Pennsylvania State University and Massachusetts Institute of Technology. Outside the academy he worked for the National Bureau of Economic Research and the management consulting firm of Kidder and Company in the 1950s; he was a director of the Lehman Multi-Currency Asset Fund in the late 1970s. Later in his career Mendelson served as a consultant to the Securities and Exchange Commission, International Business Machines Company, Bell Telephone Company, the U.S. Department of Justice, and other clients. He wrote a handful of books on economics, banking, and investment. They include Studies in the National Balance Sheet of the United States (1963), Investment Banking and the New Issues Market (1967), Restructuring the Stock Market in the U.S. (1972), Investment Analysis and Securities Markets (1976), and The National Book System: An Electronically Assisted Auction Market (1976).

OBITUARIES AND OTHER SOURCES:

PERIODICALS

Washington Post, March 22, 2008, p. B6.