The Deseret Management Corporation (DMC) is a for-profit management company of assets for The Church of Jesus Christ of Latter-day Saints. It was established in 1966 by then church president David O. McKay to hold already-existing church assets.
The following are DMC subsidiaries:
In February 2009, Mark Willes, former head of the Los Angeles Times and General Mills, was named president of DMC. Willes was also president of the Federal Reserve Bank...
more
The Deseret Management Corporation (DMC) is a for-profit management company of assets for The Church of Jesus Christ of Latter-day Saints. It was established in 1966 by then church president David O. McKay to hold already-existing church assets.
The following are DMC subsidiaries:
In February 2009, Mark Willes, former head of the Los Angeles Times and General Mills, was named president of DMC. Willes was also president of the Federal Reserve Bank of Minneapolis from 1977-1980. He replaces 76-year-old Rodney H. Brady.
Deseret Management Corporation is the holding company which owns the tax-paying companies that fall under the umbrella of the Church of Jesus Christ of Latter-day Saints. DMC's Board of Directors is made up of The First Presidency, three rotating members of the Quorum of the Twelve, and the Presiding Bishopric of the Church.
less
