Thomas Bayard McCabe (1893–1982), a graduate of Swarthmore, served as the chairman of the Federal Reserve from 1948-1951. He was president and CEO of Scott Paper Company 1927–1967.
McCabe graduated from Swarthmore College in 1915. While attending Swarthmore, he joined the distinguished non-secret fraternity Delta Upsilon.
McCabe joined Scott Paper Company after serving as a Captain in the United States Army in World War I. He was 26 when he joine...
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Thomas Bayard McCabe (1893–1982), a graduate of Swarthmore, served as the chairman of the Federal Reserve from 1948-1951. He was president and CEO of Scott Paper Company 1927–1967.
McCabe graduated from Swarthmore College in 1915. While attending Swarthmore, he joined the distinguished non-secret fraternity Delta Upsilon.
McCabe joined Scott Paper Company after serving as a Captain in the United States Army in World War I. He was 26 when he joined the company, and advanced to CEO by the time he was 34. Under McCabe's leadership, Scott Paper expanded from a single mill, employing about 500 people, into a multinational giant, employing over 40,000 at 60 locations throughout the world. McCabe retired from the board of Scott Paper in 1980.
He is notable on the Swarthmore campus for his donation of the McCabe library, the central library on the campus. McCabe also funds several prestigious scholarships and fellowships for Swarthmore students and alumni.
He was awarded the Vermilye Medal in...
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