Frank Paul Smeal (August 7, 1918 - April 8, 2003) was a partner of the Goldman Sachs Group of New York City. Events 322 BC - Battle of Crannon between Athens and Macedon following the death of Alexander the Great. Year 1918 ( MCMXVIII) was a Common year starting on Tuesday (link will display the full calendar of the Gregorian calendar (or a Common Events 217 - Roman Emperor Caracalla is Assassinated (and succeeded by his Praetorian Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. The Goldman Sachs Group Inc, or simply Goldman Sachs ( is a large global Bank holding company that engages in Investment banking securities
A limited partner of Goldman, Sachs & Co. , Mr. Smeal spent his 38-year career on Wall Street as an expert in the municipal bond market. As executive vice president and treasurer at Morgan Guaranty Trust co., he was instrumental in counseling New York City through its 1975-76 fiscal crisis. JP Morgan & Co was a commercial and Investment banking institution based in the United States founded by J He became a partner and member of the senior management committee of Goldman Sachs in 1977 and retired in 1985.
Mr. Smeal was born in Sykesville, Pennsylvania in rural Jefferson County, the son of a coal miner, and credited his mother, Mary, for inspiring him to seek a college degree. Sykesville is a borough in Jefferson County, Pennsylvania, United States. It took five years of working part-time as a "soda jerk" and a mortgage on his parents' home before he could achieve his goal of a college education. To get there, he had to hitchhike five miles a day. A few years ago he said he went to college to stay out of the mines where his father had worked. "That's why Penn State is my first love after my wife and family. It gave me the education I needed. "
His philanthropic support of Penn State also extended to endowing a fellowship in business administration, a faculty chair in literary theory and comparative criticism, a creative writing award and a graduate assistantship in botany and plant pathology. In 1989, he and his wife, Mary Jean, donated $10 million to Pennsylvania State University, which renamed the Smeal College of Business in their honor. The Pennsylvania State University (commonly known as Penn State) is a state-related, land-grant, space grant public research University The Smeal College of Business is the Business school of Penn State University, University Park, Pennsylvania.
He died Tuesday, April 8, 2003, after a long illness, at the age of 84.
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