John Morgridge

John P. Morgridge
Born John Philip Morgridge
1933
Residence Portola Valley, California
Nationality United States
Alma mater University of Wisconsin (B.A.)
Stanford University (M.B.A.)
Occupation Businessman
Known for CEO of Cisco Systems (1988–1995)
Net worth Steady US$ 1.0 billion (March 2013)[1]
Spouse(s) Tashia Frankfurth
Children John Morgridge, 2 others, (one deceased)
Relatives Carrie Morgridge (daughter-in-law)

John P. Morgridge (born 1933)[2] is an American businessman who was the CEO and chairman of the board of Cisco Systems.

Early life and education

Morgridge was born to L. D. Morgridge and Ruth Gordon Morgridge, who were both teachers and church members.[3][4] He has one brother, Dean L. Morgridge, and one sister, Barbara Morgridge.[4] He grew up in Wauwatosa, Wisconsin, where he attended Wauwatosa East High School.[5] He worked part-time at jobs such as washing equipment in a sweet pea cannery, digging stone at the quarry in Lannon, washing walls in Milwaukee's Pabst Brewery, doing road construction on Highway 64, and working as a railroad brakeman.[5] In 1955, he graduated from the University of Wisconsin[1] and in 1957, he earned an MBA from Stanford University.[6]

Career

After school, he worked for Stratus Computer and Honeywell Information Systems before serving as president and chief operating officer of GRiD Systems.[7] He joined Cisco in 1988, then a four-year-old company with 34 employees, as its second chief executive officer and chairman of the board.[5] He was replaced by John Chambers as CEO in 1995 and as chairman in 2006.[7][8] At his retirement in 2006, Cisco had 50,000 employees in 77 countries.[9]

Philanthropy

In 2010, Morgridge and his wife donated $175 million to create the Fund for Wisconsin Scholars, an endowment which will provide grants to low-income students attending one of Wisconsin’s public colleges or universities.[10] Morgridge Family Foundation donated funds to Immanuel Lutheran School,[11] Mount Olive Lutheran Church,[12] and to several educational and volunteering organizations. Looking back on his life, says John Morgridge, in addition to parents, church and school, "it's the community that helps form our moral compass. It's those attitudes that I've remembered through my entire lifetime. We've been very blessed with what this country has given us. And we intend, before we die, to give it back."[13]

Morgridge serves on several corporate and charity boards of directors, including the Nature Conservancy,[9] the Wisconsin Alumni Research Foundation,[7] and was a trustee of Stanford University (2002-2007)[14] where he teaches management at the Graduate School of Business.[7] Morgridge and his wife are among the group of American billionaires who have committed to give the majority of their wealth to the philanthropic causes and/or charities as part of The Giving Pledge.[15]

Personal life

Morgridge married his high school sweetheart, Tashia Frankfurth (now a special education teacher), great granddaughter of William Frankfurth, the co-founder of the German-English Academy (now known as the University School of Milwaukee).[16] They have an adult son and daughter, and six grandkids; a second son died of leukemia.[10]

Morgridge was featured in the documentary film Something Ventured, which premiered in 2011.[17]

References

  1. 1 2 Forbes Billionaires: John Morgridge March 2013
  2. ↑ Dun & Bradstreet Reference Book of Corporate Managements. 2003 ed. Dun & Bradstreet, 2003.
  3. ↑ L. Wayne Hicks. "Philanthropy is all in the family for the Morgridges". Denver Business Journal, August 1, 2014.
  4. 1 2 "Ruth Gordon Morgridge, 102". Cape Cod Times, November 18, 1997.
  5. 1 2 3 Julie Sensat Waldren. "Where I’m From: Oprah, Frank Caliendo, Gene Wilder, Tony Romo. 30 celebrities remember growing up here". Milwaukee Magazine, August 25, 2008.Archived 2013-12-20 at the Wayback Machine.
  6. ↑ Katie Pandes. "Former Cisco CEO John Morgridge to Give 2012 GSB Graduation Address". Stanford University, May 3, 2012.
  7. 1 2 3 4 Cisco website: John Morgridge biography retrieved September 10, 2013
  8. ↑ Doerr, John (2009-04-30). "John Chambers". Time. Retrieved 2009-05-13.
  9. 1 2 Academy of Achievement: "John Morgridge" retrieved September 10, 2013
  10. 1 2 The Capital Times (Madison): "Couple donates hundreds of millions to state causes" by TODD FINKELMEYER December 1, 2010
  11. ↑ "Archived copy". Archived from the original on 2014-08-09. Retrieved 2014-08-08.
  12. ↑ http://mtoliveluth.org/downloads/governingboard/2012/taskgroupplanningdocs/MtOliveTechnologyPlan.pdf
  13. ↑ http://www.jsonline.com/features/advice/29551524.html
  14. ↑ "Trustees John Morgridge, Victoria Sant complete terms". Stanford Report. 17 October 2007. Retrieved 24 August 2016.
  15. ↑ Giving Pledge.org retrieved September 10, 2013
  16. ↑ Madison Metropolitan School District: "Who are John and Tashia Morgridge?" retrieved September 23, 2012
  17. ↑ Something Ventured: The Movie. Retrieved September 5, 2017.
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